Exhibit 12.1
APPIAN CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
(In thousands)
(Unaudited)
| Three Months Ended June 30, | Six Months Ended June 30, | Year Ended December 31, | ||||||||||||||||||||||||||
| 2018 | 2017 | 2018 | 2017 | 2017 | 2016 | 2015 | ||||||||||||||||||||||
| Earnings available for fixed charges: |
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| Loss before income taxes |
$ | (10,932) | $ | (14,283) | $ | (20,274) | $ | (17,553) | $ | (30,246) | $ | (14,144) | $ | (6,609) | ||||||||||||||
| Fixed charges |
681 | 1,121 | 1,333 | 1,895 | 3,010 | 2,678 | 1,336 | |||||||||||||||||||||
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| Total earnings available for fixed charges |
$ | (10,251) | $ | (13,162) | $ | (18,941) | $ | (15,658) | $ | (27,236) | $ | (11,466) | $ | (5,273) | ||||||||||||||
| Fixed charges: |
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| Interest expense (1) |
55 | 581 | 67 | 837 | 857 | 982 | 188 | |||||||||||||||||||||
| Estimated interest component of rent expense |
626 | 540 | 1,266 | 1,058 | 2,153 | 1,696 | 1,148 | |||||||||||||||||||||
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| Total fixed charges |
$ | 681 | $ | 1,121 | $ | 1,333 | $ | 1,895 | $ | 3,010 | $ | 2,678 | $ | 1,336 | ||||||||||||||
| Ratio of earnings to fixed charges (2) |
- | - | - | - | - | - | - | |||||||||||||||||||||
(1) Interest expense includes amortization of debt-related expenses.
(2) Earnings in the three and six months ended June 30, 2018 were insufficient to cover fixed charges by $10.9 million and $20.3 million, respectively. Earnings in the three and six months ended June 30, 2017 were insufficient to cover fixed charges by $14.3 million and $17.6 million, respectively. Earnings in the years ended December 31, 2017, 2016, and 2015 were insufficient to cover fixed charges by $30.2 million, $14.1 million, and $6.6 million, respectively.