Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Appen.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $234.28M | $273.01M | $388.13M | $447.15M | $460.84M | $374.89M | $256.55M | $129.91M | $79.90M | $60.17M |
| Cost of Revenue | $- | $251.62M | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $234.28M | $21.39M | $388.13M | $447.15M | $460.84M | $374.89M | $256.55M | $129.91M | $79.90M | $60.17M |
| Gross Profit Ratio | 100.00% | 7.80% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $76.55M | $89.22M | $95.71M | $71.53M | $94.06M | $66.77M | $35.04M | $23.73M | $16.28M | $15.62M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $76.55M | $89.22M | $95.71M | $71.53M | $94.06M | $66.77M | $35.04M | $23.73M | $16.28M | $15.62M |
| Other Expenses | $157.74M | $- | $-3.94M | $-3.79M | $7.62M | $-3.49M | $-35.22K | $758.94K | $-177.89K | $38.59K |
| Operating Expenses | $234.28M | $273.01M | $417.44M | $403.87M | $417.98M | $330.32M | $214.78M | $114.78M | $68.13M | $50.93M |
| Cost and Expenses | $234.28M | $331.21M | $417.44M | $403.87M | $417.98M | $330.32M | $214.78M | $114.78M | $68.13M | $50.93M |
| Interest Income | $482.00K | $371.00K | $183.00K | $10.00K | $249.88K | $348.64K | $11.27K | $7.80K | $5.76K | $14.56K |
| Interest Expense | $15.00K | $1.21M | $491.00K | $629.00K | $898.79K | $2.17M | $2.25M | $10.14K | $5.04K | $264.30K |
| Depreciation and Amortization | $23.32M | $35.15M | $41.58M | $35.04M | $31.45M | $18.11M | $6.30M | $1.45M | $830.39K | $1.04M |
| EBITDA | $3.34M | $-90.90M | $8.01M | $71.54M | $81.20M | $58.82M | $48.04M | $17.36M | $12.38M | $10.34M |
| EBITDA Ratio | 1.43% | -33.29% | 2.06% | 16.50% | 17.62% | 15.69% | 18.72% | 13.36% | 15.55% | 17.18% |
| Operating Income | $- | $-58.20M | $-33.57M | $38.76M | $49.74M | $40.72M | $41.74M | $15.90M | $11.60M | $9.30M |
| Operating Income Ratio | 0.00% | -21.32% | -8.65% | 8.67% | 10.79% | 10.86% | 16.27% | 12.24% | 14.51% | 15.46% |
| Total Other Income Expenses Net | $-19.99M | $-66.75M | $-209.76M | $-2.88M | $-898.79K | $-2.17M | $-2.28M | $756.60K | $-222.54K | $-264.30K |
| Income Before Tax | $-19.99M | $-124.95M | $-239.07M | $35.88M | $48.85M | $38.54M | $39.41M | $15.89M | $11.55M | $9.04M |
| Income Before Tax Ratio | -8.53% | -45.77% | -61.59% | 8.02% | 10.60% | 10.28% | 15.36% | 12.23% | 14.45% | 15.02% |
| Income Tax Expense | $16.00K | $-6.87M | $-3.45M | $7.36M | $10.01M | $9.41M | $10.02M | $4.75M | $3.99M | $2.99M |
| Net Income | $-20.01M | $-118.08M | $-239.07M | $28.52M | $38.84M | $29.13M | $29.39M | $11.14M | $7.55M | $6.05M |
| Net Income Ratio | -8.54% | -43.25% | -61.59% | 6.38% | 8.43% | 7.77% | 11.46% | 8.57% | 9.45% | 10.05% |
| EPS | $-0.09 | $-0.83 | $-1.94 | $0.23 | $0.31 | $0.24 | $0.27 | $0.11 | $0.08 | $0.06 |
| EPS Diluted | $-0.09 | $-0.83 | $-1.94 | $0.23 | $0.31 | $0.24 | $0.26 | $0.11 | $0.07 | $0.06 |
| Weighted Average Shares Outstanding | 228.92M | 142.09M | 123.37M | 124.81M | 123.66M | 120.26M | 108.24M | 100.97M | 99.78M | 98.57M |
| Weighted Average Shares Outstanding Diluted | 228.92M | 142.09M | 123.37M | 124.81M | 123.66M | 123.72M | 111.36M | 102.32M | 102.47M | 99.96M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $54.81M | $32.15M | $23.43M | $47.88M | $60.31M | $52.70M | $28.21M | $18.73M | $11.86M | $9.27M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $54.81M | $32.15M | $23.43M | $47.88M | $60.31M | $52.70M | $28.21M | $18.73M | $11.86M | $9.27M |
| Net Receivables | $46.72M | $49.93M | $64.28M | $89.24M | $50.48M | $81.44M | $42.59M | $33.47M | $15.74M | $12.58M |
| Inventory | $672.00K | $1.07M | $649.00K | $12.69M | $12.16M | $2.20M | $2.43M | $- | $- | $-0 |
| Other Current Assets | $26.98M | $23.60M | $36.31M | $25.64M | $33.85M | $7.50M | $9.31M | $874.38K | $298.88K | $207.51K |
| Total Current Assets | $129.18M | $106.75M | $124.67M | $162.76M | $154.37M | $141.86M | $80.52M | $53.17M | $27.91M | $22.05M |
| Property Plant Equipment Net | $6.28M | $4.57M | $12.79M | $16.68M | $21.89M | $19.25M | $3.46M | $1.37M | $522.15K | $275.95K |
| Goodwill | $- | $- | $53.11M | $247.65M | $202.06M | $202.16M | $57.10M | $87.26M | $8.26M | $6.80M |
| Intangible Assets | $30.18M | $39.87M | $56.45M | $67.13M | $74.26M | $76.87M | $26.83M | $3.42M | $2.22M | $1.46M |
| Goodwill and Intangible Assets | $30.18M | $39.87M | $109.56M | $314.79M | $276.32M | $279.03M | $83.92M | $90.68M | $10.47M | $8.26M |
| Long Term Investments | $1.43M | $1.45M | $2.42M | $- | $0 | $2 | $- | $- | $- | $- |
| Tax Assets | $2.31M | $2.49M | $5.08M | $4.06M | $8.22M | $2.79M | $- | $- | $- | $- |
| Other Non-Current Assets | $1.22M | $35.73K | $424.00K | $629.00K | $798.08K | $1.01M | $26.06K | $1.46M | $8.64K | $5.82K |
| Total Non-Current Assets | $41.42M | $48.41M | $130.27M | $336.15M | $307.23M | $302.08M | $87.41M | $93.51M | $11.00M | $8.54M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 |
| Total Assets | $170.59M | $155.16M | $254.94M | $498.92M | $461.60M | $443.95M | $167.93M | $146.68M | $38.91M | $30.59M |
| Account Payables | $14.08M | $13.57M | $24.68M | $25.31M | $21.75M | $17.48M | $14.59M | $7.21M | $4.21M | $2.49M |
| Short Term Debt | $3.58M | $3.12M | $3.15M | $5.00M | $5.02M | $3.25M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $18.45M | $20.14M | $7.44M | $15.49M | $1.08M | $964.86K | $515.66K | $297.79K |
| Other Current Liabilities | $26.20M | $30.96M | $37.25M | $36.29M | $25.63M | $53.95M | $12.74M | $11.26M | $6.38M | $5.57M |
| Total Current Liabilities | $43.86M | $47.66M | $65.09M | $66.61M | $59.84M | $90.17M | $28.41M | $19.43M | $11.11M | $8.36M |
| Long Term Debt | $7.46M | $9.31M | $7.03M | $10.06M | $14.38M | $12.63M | $39.68M | $52.95M | $4.32K | $5.82K |
| Deferred Revenue Non-Current | $- | $- | $439.00K | $420.00K | $1 | $301.73K | $1 | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $4.64M | $5.09M | $15.27M | $11.60M | $13.37M | $2.81M | $1.38M | $1.07M | $2.00M | $1.09M |
| Other Non-Current Liabilities | $320.00K | $306.00K | $19.13M | $18.36M | $434.40K | $748.38K | $266.97K | $368.94K | $300.32K | $275.22K |
| Total Non-Current Liabilities | $12.41M | $14.71M | $41.87M | $40.44M | $28.19M | $16.49M | $41.33M | $54.39M | $2.31M | $1.37M |
| Other Liabilities | $-0 | $- | $- | $- | $1 | $- | $- | $0 | $- | $- |
| Total Liabilities | $56.27M | $62.36M | $106.95M | $107.05M | $88.03M | $106.66M | $69.74M | $73.82M | $13.41M | $9.73M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- |
| Common Stock | $366.71M | $320.44M | $262.92M | $262.92M | $278.43M | $253.53M | $49.03M | $54.26M | $14.05M | $13.89M |
| Retained Earnings | $-381.17M | $-361.16M | $-243.09M | $-4.02M | $-2.98M | $-2.71M | $-2.73M | $-3.02M | $-2.79M | $-2.82M |
| Accumulated Other Comprehensive Income Loss | $128.78M | $133.53M | $128.15M | $132.97M | $98.11M | $86.47M | $51.89M | $21.62M | $14.23M | $9.79M |
| Other Total Stockholders Equity | $- | $- | $- | $- | $1 | $0 | $0 | $0 | $0 | $1 |
| Total Stockholders Equity | $114.32M | $92.80M | $147.99M | $391.87M | $373.57M | $337.29M | $98.19M | $72.86M | $25.50M | $20.87M |
| Total Equity | $114.32M | $92.80M | $147.99M | $391.87M | $373.57M | $337.29M | $98.19M | $- | $- | $- |
| Total Liabilities and Stockholders Equity | $170.59M | $155.16M | $254.94M | $498.92M | $461.60M | $443.95M | $167.93M | $146.68M | $38.91M | $30.59M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $170.59M | $155.16M | $254.94M | $498.92M | $461.60M | $443.95M | $167.93M | $146.68M | $38.91M | $30.59M |
| Total Investments | $1.43M | $1.45M | $2.42M | $- | $0 | $2 | $- | $- | $- | $- |
| Total Debt | $11.04M | $12.43M | $10.18M | $15.06M | $19.40M | $15.89M | $39.68M | $52.95M | $4.32K | $5.82K |
| Net Debt | $-43.77M | $-19.72M | $-13.25M | $-32.82M | $-40.90M | $-36.81M | $11.47M | $34.22M | $-11.86M | $-9.26M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $- | $-118.08M | $- | $- | $- | $- | $- | $- | $- | $- |
| Depreciation and Amortization | $- | $36.05M | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $3.77M | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Receivables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $3.77M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non Cash Items | $- | $55.32M | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Provided by Operating Activities | $- | $-22.94M | $18.23M | $53.92M | $71.94M | $47.12M | $32.97M | $- | $- | $- |
| Investments in Property Plant and Equipment | $-1.79M | $-19.85M | $-27.93M | $-23.09M | $-20.95M | $-10.86M | $-2.81M | $-4.53M | $-1.77M | $-454.33K |
| Acquisitions Net | $- | $- | $- | $-25.00M | $-30.02M | $-163.70M | $-921.35K | $-72.64M | $- | $- |
| Purchases of Investments | $- | $-512.82K | $-2.63M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-11.29M | $-529.18K | $-1.56M | $-2.73M | $-885.72K | $-4.68M | $-1.62M | $-1.01M | $-2.84M | $-221.34K |
| Net Cash Used for Investing Activities | $-13.08M | $-20.89M | $-32.12M | $-50.82M | $-51.85M | $-179.24M | $-5.35M | $-76.12M | $-3.31M | $-454.33K |
| Debt Repayment | $- | $- | $- | $- | $3.78M | $-39.92M | $-12.56M | $54.01M | $- | $- |
| Common Stock Issued | $42.14M | $57.44M | $- | $- | $- | $204.80M | $23.25K | $22.95M | $311.85K | $437.59K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $-5.02M | $-9.27M | $-8.89M | $-6.37M | $-5.24M | $-4.57M | $-3.49M | $-840.95K |
| Other Financing Activities | $-4.40M | $-4.76M | $-4.51M | $-4.88M | $-4.75M | $-3.13M | $0 | $1 | $0 | $0 |
| Net Cash Used Provided by Financing Activities | $37.74M | $52.67M | $-9.53M | $-14.14M | $-9.86M | $155.37M | $-17.77M | $72.39M | $-3.18M | $-403.37K |
| Effect of Forex Changes on Cash | $-1.34M | $-117.00K | $-1.03M | $-1.56M | $-7.79M | $1.42M | $1.45M | $-824.46K | $54.73K | $891.19K |
| Net Change in Cash | $22.66M | $8.72M | $-24.45M | $-12.61M | $2.43M | $24.66M | $11.29M | $5.88M | $2.70M | $2.97M |
| Cash at End of Period | $54.81M | $32.15M | $23.43M | $47.88M | $60.31M | $52.70M | $28.21M | $18.73M | $11.86M | $9.27M |
| Cash at Beginning of Period | $32.15M | $23.43M | $47.88M | $60.49M | $57.88M | $28.03M | $16.92M | $12.85M | $9.16M | $6.30M |
| Operating Cash Flow | $- | $-22.94M | $18.23M | $53.92M | $71.94M | $47.12M | $32.97M | $- | $- | $- |
| Capital Expenditure | $-12.85M | $-19.85M | $-27.93M | $-23.09M | $-20.95M | $-10.86M | $-2.81M | $-4.53M | $-1.77M | $-454.33K |
| Free Cash Flow | $-13.51M | $-42.79M | $-9.70M | $30.83M | $50.99M | $36.26M | $30.16M | $-4.53M | $-1.77M | $-454.33K |