Appian Corporation reported QQ2 2024 results with solid year-over-year revenue growth but continued negative profitability and cash burn, underscoring the ongoing transition costs inherent in scaling a SaaS/low-code automation platform. Revenue for the quarter ended 2024-06-30 was USD 146.45 million, up 14.67% year-over-year but down 2.26% quarter-over-quarter. Gross profit reached USD 105.04 million with a gross margin of 71.72%, indicating a healthy product gross margin, yet operating expenses (R&D, SG&A, and selling expenses) remained elevated, producing an operating loss of USD 32.33 million and a net loss of USD 43.59 million. Earnings per share stood at -0.60. Cash flow remained negative with CFO of -USD 17.62 million and free cash flow of -USD 18.35 million, contributing to a net decrease in cash of USD 49.32 million for the period. The balance sheet shows a leveraged position, with total liabilities USD 600.24 million against total assets USD 554.58 million and negative stockholders’ equity of USD -45.66 million, alongside net debt of USD 201.31 million. Despite the near-term profitability headwinds, Appian maintains a robust cash balance and substantial deferred revenue, which may provide a pathway to revenue recognition as contracts convert and scale improves. Management commentary is not available in the provided transcript dataset, limiting the ability to extract direct quotes for this report.