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 | $411.31M | $559.89M | $595.75M | $599.39M | $535.49M | $364.21M | $166.56M | $110.94M | $60.17M |
| Cost of Revenue | $- | $369.18M | $549.82M | $502.74M | $487.59M | $411.98M | $281.09M | $130.63M | $85.50M | $- |
| Gross Profit | $234.28M | $42.12M | $10.07M | $93.01M | $111.80M | $123.51M | $83.11M | $35.92M | $25.44M | $60.17M |
| Gross Profit Ratio | 100.00% | 10.20% | 1.80% | 15.60% | 18.65% | 23.06% | 22.82% | 21.57% | 22.93% | 100.00% |
| Research and Development Expenses | $- | $49.23M | $43.35M | $31.87M | $21.60M | $12.84M | $- | $- | $- | $- |
| 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 | $- | $- | $-44.47M | $-37.07M | $-40.81M | $-10.29M | $-12.62M | $-13.66M | $-12.63M | $- |
| Selling General and Administrative Expenses | $76.55M | $89.22M | $51.24M | $34.46M | $53.25M | $56.48M | $22.42M | $10.07M | $3.65M | $15.62M |
| Other Expenses | $157.74M | $1.18M | $255.33K | $146.55K | $153.97K | $-3.49M | $-35.22K | $758.94K | $-177.89K | $38.59K |
| Operating Expenses | $234.28M | $273.01M | $50.99M | $34.32M | $53.09M | $56.48M | $22.42M | $10.07M | $3.65M | $50.93M |
| Cost and Expenses | $234.28M | $497.27M | $600.80M | $537.06M | $540.68M | $468.46M | $303.51M | $140.70M | $89.15M | $50.93M |
| Interest Income | $482.00K | $371.00K | $263.98K | $13.32K | $307.94K | $498.00K | $16.00K | $10.00K | $8.00K | $14.56K |
| Interest Expense | $15.00K | $1.77M | $1.44M | $1.83M | $2.39M | $4.12M | $3.20M | $13.00K | $7.00K | $264.30K |
| Depreciation and Amortization | $23.32M | $35.15M | $59.98M | $46.68M | $40.56M | $25.86M | $8.94M | $1.29M | $1.15M | $1.04M |
| EBITDA | $3.34M | $-89.37M | $-283.44M | $96.31M | $81.20M | $85.04M | $68.10M | $21.68M | $17.19M | $10.34M |
| EBITDA Ratio | 1.43% | -21.73% | 3.41% | 17.69% | 16.56% | 17.35% | 19.12% | 16.30% | 20.68% | 17.18% |
| Operating Income | $- | $-85.97M | $-40.91M | $58.70M | $58.71M | $67.03M | $60.70M | $25.85M | $21.79M | $9.30M |
| Operating Income Ratio | 0.00% | -20.90% | -7.31% | 9.85% | 9.79% | 12.52% | 16.67% | 15.52% | 19.64% | 15.46% |
| Total Other Income Expenses Net | $-19.99M | $-38.98M | $-303.95M | $-24.40M | $-6.74M | $-11.98M | $-4.74M | $-5.48M | $-437.00K | $-577.00K |
| Income Before Tax | $-19.99M | $-124.95M | $-344.86M | $47.80M | $64.70M | $55.05M | $55.95M | $20.38M | $16.03M | $9.04M |
| Income Before Tax Ratio | -8.53% | -30.38% | -61.59% | 8.02% | 10.79% | 10.28% | 15.36% | 12.23% | 14.45% | 15.02% |
| Income Tax Expense | $16.00K | $-6.87M | $4 | $9.80M | $12.94M | $13.44M | $14.23M | $6.09M | $5.54M | $2.99M |
| Net Income | $-20.01M | $-118.08M | $-344.86M | $28.52M | $38.84M | $41.61M | $41.73M | $11.14M | $10.49M | $6.05M |
| Net Income Ratio | -8.54% | -28.71% | -61.59% | 4.79% | 6.48% | 7.77% | 11.46% | 6.69% | 9.45% | 10.05% |
| EPS | $-0.09 | $-0.83 | $-2.47 | $0.27 | $0.38 | $0.31 | $0.35 | $0.13 | $0.10 | $0.06 |
| EPS Diluted | $-0.09 | $-0.83 | $-2.47 | $0.27 | $0.37 | $0.31 | $0.34 | $0.13 | $0.09 | $0.06 |
| Weighted Average Shares Outstanding | 220.14M | 142.09M | 139.56M | 139.09M | 137.57M | 133.41M | 120.27M | 111.03M | 109.72M | 97.17M |
| Weighted Average Shares Outstanding Diluted | 220.14M | 142.09M | 139.56M | 141.19M | 139.88M | 136.05M | 122.46M | 112.47M | 112.70M | 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 | $34.55M | $65.85M | $78.39M | $75.27M | $40.05M | $24.02M | $16.47M | $9.27M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $123.00K | $- | $- |
| Cash and Short Term Investments | $54.81M | $32.15M | $34.55M | $65.85M | $78.39M | $75.27M | $40.05M | $24.14M | $16.47M | $9.27M |
| Net Receivables | $46.72M | $49.93M | $64.28M | $89.24M | $104.13M | $124.22M | $69.80M | $42.91M | $21.86M | $12.58M |
| Inventory | $672.00K | $1.07M | $957.01K | $2.31M | $1 | $- | $- | $- | $- | $-0 |
| Other Current Assets | $26.98M | $23.60M | $36.31M | $25.64M | $5.06M | $3.14M | $2.86M | $1.12M | $415.00K | $285.00K |
| Total Current Assets | $129.18M | $106.75M | $183.84M | $222.77M | $200.62M | $202.64M | $114.31M | $68.17M | $38.75M | $22.05M |
| Property Plant Equipment Net | $6.28M | $6.71M | $18.86M | $22.94M | $28.47M | $27.50M | $4.91M | $1.76M | $725.00K | $275.95K |
| Goodwill | $- | $- | $78.32M | $332.60M | $262.55M | $288.77M | $81.06M | $111.87M | $11.46M | $6.80M |
| Intangible Assets | $30.18M | $39.87M | $161.56M | $438.53M | $357.41M | $398.58M | $119.14M | $116.25M | $14.54M | $1.46M |
| Goodwill and Intangible Assets | $30.18M | $39.87M | $239.88M | $771.13M | $619.96M | $687.35M | $200.20M | $228.12M | $26.01M | $8.26M |
| Long Term Investments | $1.43M | $2.12M | $3.57M | $-332.60M | $-262.55M | $-288.77M | $-81.06M | $- | $- | $- |
| Tax Assets | $2.31M | $3.65M | $7.49M | $5.58M | $10.68M | $3.98M | $1.58M | $- | $- | $- |
| Other Non-Current Assets | $1.22M | $18.60M | $-77.70M | $865.14K | $1.04M | $1.44M | $37.00K | $-110.00M | $-11.45M | $5.83K |
| Total Non-Current Assets | $41.42M | $70.94M | $192.09M | $467.91M | $397.59M | $431.50M | $125.67M | $119.88M | $15.28M | $8.54M |
| Other Assets | $- | $-22.53M | $- | $- | $1 | $1 | $1 | $- | $- | $- |
| Total Assets | $170.59M | $155.16M | $375.94M | $690.68M | $598.21M | $634.14M | $239.99M | $188.05M | $54.03M | $30.59M |
| Account Payables | $14.08M | $13.57M | $24.68M | $25.31M | $21.75M | $24.97M | $20.71M | $9.24M | $5.84M | $2.49M |
| Short Term Debt | $3.58M | $3.12M | $3.15M | $5.00M | $5.02M | $7.90M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $1.42M | $- | $1.30M | $1.45M | $- |
| Deferred Revenue | $- | $- | $27.63M | $19.34M | $9.67M | $22.12M | $1.53M | $1.24M | $716.00K | $297.79K |
| Other Current Liabilities | $26.20M | $30.96M | $37.25M | $36.29M | $43.55M | $72.38M | $19.62M | $13.13M | $7.42M | $8.69M |
| Total Current Liabilities | $43.86M | $47.66M | $95.98M | $88.84M | $77.76M | $128.80M | $40.33M | $24.91M | $15.42M | $8.36M |
| Long Term Debt | $7.46M | $9.31M | $7.03M | $10.06M | $14.38M | $12.63M | $56.33M | $52.95M | $6.00K | $5.82K |
| Deferred Revenue Non-Current | $- | $- | $3.33M | $3.78M | $4.32M | $5.41M | $-1 | $4.00K | $-1 | $0 |
| Deferred Tax Liabilities Non-Current | $4.64M | $5.09M | $22.52M | $23.19M | $16.92M | $4.01M | $3.55M | $1.37M | $2.78M | $1.09M |
| Other Non-Current Liabilities | $320.00K | $306.00K | $28.86M | $25.83M | $565.02K | $10.92M | $379.00K | $16.78M | $417.00K | $275.22K |
| Total Non-Current Liabilities | $12.41M | $14.71M | $61.73M | $62.85M | $36.19M | $23.55M | $60.26M | $69.73M | $3.20M | $1.37M |
| Other Liabilities | $-0 | $- | $1 | $1 | $- | $1 | $1 | $- | $1 | $1 |
| Total Liabilities | $56.27M | $62.36M | $157.72M | $151.69M | $113.94M | $152.35M | $100.59M | $94.64M | $18.62M | $9.73M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $366.71M | $469.61M | $387.70M | $361.62M | $340.72M | $362.14M | $69.60M | $69.57M | $19.51M | $13.89M |
| Retained Earnings | $-381.17M | $-376.33M | $-360.38M | $-7.32M | $-6.90M | $-5.29M | $-5.29M | $-3.87M | $-3.87M | $-2.82M |
| Accumulated Other Comprehensive Income Loss | $128.78M | $197.60M | $190.90M | $184.69M | $150.45M | $124.93M | $75.08M | $27.71M | $19.76M | $9.79M |
| Other Total Stockholders Equity | $- | $-154.88M | $70.23M | $- | $52.34M | $90.72M | $58.21M | $22.50M | $- | $1 |
| Total Stockholders Equity | $114.32M | $136.00M | $218.22M | $538.99M | $484.27M | $481.78M | $139.40M | $93.41M | $35.40M | $20.87M |
| Total Equity | $114.32M | $136.00M | $218.22M | $538.99M | $484.27M | $481.78M | $139.40M | $93.41M | $35.40M | $20.87M |
| Total Liabilities and Stockholders Equity | $170.59M | $155.16M | $375.94M | $690.68M | $598.21M | $634.14M | $239.99M | $188.05M | $54.03M | $30.59M |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $170.59M | $155.16M | $375.94M | $690.68M | $598.21M | $634.14M | $239.99M | $188.05M | $54.03M | $30.59M |
| Total Investments | $1.43M | $2.12M | $3.57M | $-332.60M | $-262.55M | $-288.77M | $-81.06M | $123.00K | $- | $- |
| Total Debt | $11.04M | $12.43M | $15.01M | $20.71M | $25.23M | $22.69M | $56.33M | $67.89M | $6.00K | $5.82K |
| Net Debt | $-43.77M | $-19.72M | $-19.54M | $-45.14M | $-53.16M | $-52.58M | $16.29M | $43.87M | $-16.46M | $-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 | $- | $-173.25M | $-344.86M | $38.00M | $51.76M | $41.61M | $41.73M | $14.28M | $10.49M | $8.31M |
| Depreciation and Amortization | $- | $52.95M | $59.98M | $46.68M | $40.56M | $12.49M | $6.62M | $473.00K | $617.00K | $878.00K |
| Deferred Income Tax | $- | $- | $- | $- | $- | $29.30M | $25.64M | $8.76M | $4.35M | $8.30M |
| Stock Based Compensation | $- | $8.35M | $2.19M | $710.17K | $16.26M | $19.20M | $- | $- | $- | $- |
| Change in Working Capital | $- | $5.54M | $11.57M | $-14.80M | $-16.52M | $-48.51M | $-29.65M | $-9.17M | $-4.71M | $-8.47M |
| Accounts Receivables | $- | $42.93M | $7.19M | $-23.43M | $6.63M | $-48.51M | $-29.65M | $-9.17M | $-4.71M | $-8.47M |
| Inventory | $- | $- | $- | $- | $1 | $-18.72M | $- | $- | $- | $- |
| Accounts Payables | $- | $-21.99M | $-2.70M | $-3.41M | $6.60M | $4.80M | $12.23M | $-773.00K | $3.44M | $- |
| Other Working Capital | $- | $-15.39M | $7.08M | $12.04M | $-29.76M | $13.92M | $2.18M | $5.58M | $522.00K | $- |
| Other Non Cash Items | $- | $72.75M | $299.60M | $1.97M | $18.23M | $13.20M | $-1.54M | $7.38M | $5.92M | $3.15M |
| Net Cash Provided by Operating Activities | $- | $-33.66M | $26.29M | $71.84M | $94.02M | $67.30M | $46.80M | $13.38M | $12.68M | $4.03M |
| Investments in Property Plant and Equipment | $-1.79M | $-2.65M | $-40.29M | $-30.77M | $-30.51M | $-3.11M | $-2.83M | $-3.17M | $-654.00K | $-320.00K |
| Acquisitions Net | $- | $- | $-2.29M | $-33.31M | $-39.24M | $-163.70M | $-921.35K | $-72.64M | $-2.13M | $- |
| Purchases of Investments | $- | $-500.00K | $-3.80M | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-11.29M | $-28.33M | $-2.24M | $-3.64M | $-1.17M | $-89.22M | $-3.85M | $-21.78M | $-3.94M | $-304.00K |
| Net Cash Used for Investing Activities | $-13.08M | $-31.48M | $-46.33M | $-67.71M | $-70.92M | $-256.04M | $-7.60M | $-97.59M | $-4.59M | $-624.00K |
| Debt Repayment | $- | $- | $- | $- | $3.78M | $-39.92M | $-12.56M | $69.24M | $- | $- |
| Common Stock Issued | $42.14M | $57.44M | $- | $- | $- | $204.80M | $23.25K | $22.95M | $311.85K | $437.59K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $- | $- | $-7.24M | $-12.35M | $-10.78M | $-9.10M | $-5.24M | $-4.57M | $-3.49M | $-840.95K |
| Other Financing Activities | $-4.40M | $19.85M | $-2.29M | $-1.39M | $-4.85M | $66.17M | $-7.46M | $6.47M | $121.15K | $163.41K |
| Net Cash Used Provided by Financing Activities | $37.74M | $77.28M | $-13.74M | $-18.85M | $-11.85M | $221.94M | $-25.23M | $92.81M | $-4.42M | $-554.00K |
| Effect of Forex Changes on Cash | $-1.34M | $-171.66K | $-1.03M | $-1.56M | $-7.79M | $2.02M | $2.06M | $-1.06M | $76.00K | $1.22M |
| Net Change in Cash | $22.66M | $12.57M | $-31.30M | $-12.54M | $3.11M | $35.23M | $16.03M | $7.54M | $3.75M | $4.08M |
| Cash at End of Period | $54.81M | $47.12M | $34.55M | $65.85M | $78.39M | $75.27M | $40.05M | $24.02M | $16.47M | $12.72M |
| Cash at Beginning of Period | $32.15M | $34.41M | $65.85M | $78.39M | $75.27M | $40.05M | $24.02M | $16.47M | $12.72M | $8.65M |
| Operating Cash Flow | $- | $-33.66M | $26.29M | $71.84M | $94.02M | $67.30M | $46.80M | $13.38M | $12.68M | $4.03M |
| Capital Expenditure | $-12.85M | $-19.85M | $-40.29M | $-30.77M | $-30.51M | $-3.11M | $-2.83M | $-3.17M | $-654.00K | $-320.00K |
| Free Cash Flow | $-13.51M | $-42.79M | $-14.00M | $41.07M | $63.51M | $64.19M | $43.97M | $10.21M | $12.03M | $3.71M |