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Company price
1.065 AUD -0.06 ( 4.91%)
Last update at 2026-11-06T05:10:00Z
VOLUME
5841502
Market Cap
301.30M

Momentum Score

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Appen Limited operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally. It operates through the Appen Global and Appen China segments. The company offers CrowdGen, the interface for its global crowd workforce; Mercury, the backend system used to design projects, manage the crowd workforce, and automate operational workflows; AI Data Platform (ADAP), which enables internal teams and external customers to design, manage, and execute human annotation and evaluation tasks; MatrixGo, the core platform supporting data collection and annotation services; Elite AI, the expert crowdsourcing platform enables expert recruitment, task publishing, and campaign referral expansion for user acquisition; MediGo, a medical LLM and image annotation; RoboGo, an embodied intelligence; and Appen Task, a mobile data collection application. The company serves technology, automotive, financial services, retail, government, and healthcare sectors. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is headquartered in Sydney, Australia.

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Day Price Range
1.00
Low
1.08
High
52 Week Price Range
0.65
Low
1.98
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Appen Ltd supplies annotated training data and related services for machine learning and AI via a global crowdsourced workforce and data-labeling platform. Long-term growth may be supported by rising enterprise demand for labeled datasets, multilingual data needs and expansion of managed services, which could appeal to investors seeking exposure to the AI data supply chain.

Key risks include reliance on a small number of large technology clients, strong competition and pricing pressure from in-house teams and larger vendors, and regulatory or privacy scrutiny of data collection practices.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
1.12
Dividend Yield
-
Revenue TTM
250.38M
Revenue Per Share
0.94
Gross Profit TTM
50.38M
Debt / Equity
0.15
ROE
-7.38%
Net Debt
-67.74M
ROCE
-20.71%
Diluted EPS TTM
-0.04

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -33.78M -19.99M -188.24M -239.07M 35.88M
Net income -33.84M -20.01M -118.08M -444.07M 28.52M
Selling general administrative 51.51M 76.55M 89.22M 95.71M 71.53M
Selling and marketing expenses - - 10.61M - -
Gross profit 11.62M 61.18M -34.79M 388.13M 447.15M
Reconciled depreciation 31.33M 23.32M 35.15M 41.58M 35.04M
Ebit -32.64M -19.98M -124.51M -33.57M 38.76M
Ebitda 15.95M 3.34M -89.37M 8.01M 73.80M
Depreciation and amortization 48.59M 23.32M 35.15M 41.58M 35.04M
Operating income -32.64M -21.02M -85.97M -33.57M 38.76M
Other operating expenses 390.53M 392.65M 497.27M 417.44M 403.87M
Interest expense 1.08M 1.24M 1.77M 0.49M 0.63M
Tax provision 0.04M 0.02M -6.87M 0.00M 7.36M
Interest income 0.77M 0.48M 0.37M 3.56M 0.01M
Net interest income 0.07M -0.34M -0.81M -0.81M -1.36M
Income tax expense 0.06M 0.02M -10.35M 205.00M 7.36M
Total revenue 357.89M 234.28M 411.31M 388.13M 447.15M
Total operating expenses 44.26M 73.78M 97.28M 417.44M 403.87M
Cost of revenue 346.27M 318.87M 446.10M 237.71M 268.38M
Total other income expense net -1.14M 1.02M -102.28M -205.50M -2.88M
Net income from continuing ops -21.82M -20.01M -118.08M -239.07M 28.52M
Net income applicable to common shares - -20.01M -118.08M -239.07M 28.52M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 228.63M 170.59M 227.39M 254.94M 498.92M
Intangible assets 23.71M 30.18M 39.87M 56.45M 67.13M
Other current assets 7.64M 26.98M 8.67M 30.45M 12.95M
Total liab 86.77M 56.27M 91.39M 106.95M 107.05M
Total stockholder equity 141.87M 114.32M 136.00M 147.99M 391.87M
Other current liab 26.99M 26.20M 29.04M 37.25M 16.15M
Common stock 549.92M 366.71M 469.61M 262.92M 262.92M
Capital stock 366.71M 366.71M 320.44M 262.92M 262.92M
Retained earnings -606.28M -381.17M -531.21M -243.09M -4.02M
Other liab - - - 34.84M 33.41M
Good will - - - 53.11M 247.65M
Other assets - - 0.00M 5.50M 4.69M
Cash 89.71M 54.81M 47.12M 23.43M 47.88M
Total current liabilities 71.06M 43.86M 69.84M 65.09M 66.61M
Current deferred revenue 18.45M - 16.33M - 20.14M
Net debt -67.74M -43.77M -28.90M -13.25M -32.82M
Short term debt 6.23M 3.58M 4.58M 3.15M 5.00M
Short long term debt total 21.97M 11.04M 18.22M 10.18M 15.06M
Other stockholder equity - - - -8.02M 132.97M
Property plant equipment - - - 12.79M 16.68M
Total current assets 183.99M 129.18M 156.45M 124.67M 162.76M
Long term investments 0.50M 1.43M 1.45M 2.42M -
Net tangible assets - - - 38.43M 77.08M
Net receivables 85.74M 46.72M 99.09M 64.28M 89.24M
Long term debt - - - 0.00M 0.00M
Inventory 0.90M 0.67M 1.57M 0.65M 12.69M
Accounts payable 19.39M 14.08M 19.89M 24.68M 25.31M
Accumulated other comprehensive income 198.23M 128.78M 197.60M 128.15M 132.97M
Non currrent assets other 1.26M 1.22M 18.60M 0.42M 0.63M
Non current assets total 44.64M 41.42M 70.94M 130.27M 336.15M
Capital lease obligations 9.40M 11.04M 12.43M 10.18M 15.06M
Long term debt total - - - 7.03M 10.06M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - -13.08M -20.89M -32.12M -50.82M
Change to liabilities - - - -1.74M 8.62M
Total cashflows from investing activities -25.80M -19.83M -31.48M -32.12M -50.82M
Net borrowings - - 0.00M -4.51M -4.88M
Total cash from financing activities -7.52M 57.22M 79.36M -9.53M -14.14M
Change to operating activities - - - 1.00M -0.25M
Net income -33.84M -20.01M -173.25M -444.07M 28.52M
Change in cash 1.19M 41.38M 12.57M -24.45M -12.61M
Begin period cash flow 88.52M 32.15M 34.41M 47.88M 60.49M
End period cash flow 89.71M 54.81M 47.12M 23.43M 47.88M
Total cash from operating activities 35.62M -1.01M -34.56M -402.49M 53.92M
Issuance of capital stock - 42.14M 57.44M - -
Depreciation 48.59M - 52.95M 41.58M 35.04M
Other cashflows from investing activities - -18.04M -28.33M -4.19M -2.73M
Dividends paid - - 0.00M 5.02M 9.27M
Change to inventory 0.11M 0.20M -0.63M - -
Change to account receivables 18.27M -1.47M 42.93M 4.98M -20.15M
Sale purchase of stock - 42.14M 57.44M - -
Other cashflows from financing activities -7.52M 22.18M 28.91M -4.51M 5.12M
Change to netincome - - - 207.69M 3.42M
Capital expenditures 6.25M 2.89M 19.85M 27.93M 23.09M
Change in working capital 14.89M -2.69M 5.54M 0.18M 0.01M
Stock based compensation - - 8.35M - -
Other non cash items 5.98M 1.68M 80.19M 402.49M -63.56M
Free cash flow 29.37M -3.96M -42.79M -430.42M 30.83M

Peer Comparison*

Sector: Technology Industry: Information Technology Services

Stock Name
Change
(AUD)
Price
(AUD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
APX
Appen Ltd
-0.06
4.91%
1.06 - 9.25 1.20 2.11 0.64 9.35
NXT
NEXTDC Ltd
0.55
5.58%
10.40 82.08 2000.00 15.09 0.81 15.00 20.30
DTL
Data 3 Ltd
-0.60
4.03%
14.28 42.51 32.68 2.55 23.86 2.17 23.03
MAQ
Macquarie Technology Group Ltd
-2.76
5.25%
49.86 42.44 68.97 3.48 2.06 3.60 12.18
DUG
DUG Technology Ltd
-0.07
4.59%
1.46 76.25 16.95 2.40 2.73 1.94 7.46

Profile*

Appen Ltd

Appen Limited operates as an AI lifecycle company that provides data sourcing, data annotation, and model evaluation solutions in Australia, the United States, and internationally. It operates through the Appen Global and Appen China segments. The company offers CrowdGen, the interface for its global crowd workforce; Mercury, the backend system used to design projects, manage the crowd workforce, and automate operational workflows; AI Data Platform (ADAP), which enables internal teams and external customers to design, manage, and execute human annotation and evaluation tasks; MatrixGo, the core platform supporting data collection and annotation services; Elite AI, the expert crowdsourcing platform enables expert recruitment, task publishing, and campaign referral expansion for user acquisition; MediGo, a medical LLM and image annotation; RoboGo, an embodied intelligence; and Appen Task, a mobile data collection application. The company serves technology, automotive, financial services, retail, government, and healthcare sectors. The company was formerly known as Appen Holdings Pty Limited and changed its name to Appen Limited in October 2014. Appen Limited was founded in 1996 and is headquartered in Sydney, Australia.

1 Market Street, Sydney, NSW, Australia, 2000

61 2 9468 6300

1142

Name Title Year Born
Mr. Mark Ronald Gerard Brayan M.B.A., MBA MD, CEO & Exec. Director 1964
Mr. Kevin B. Levine B.Com., BAcc, Bcom, CA Chief Financial Officer NA
Mr. Wilson Pang Chief Technology Officer NA
Ms. Rosalie Talbot Duff Head of Investor Relations NA
Mr. Carl Middlehurst VP, Company Sec. & Gen. Counsel NA
Mr. Ryan Kolln VP of Corp. Devel. NA
Andrea Clayton Chief People Officer NA
Dr. Roc Tian M.A., Ph.D. Sr. VP & GM of China, Japan and Korea NA
Ms. Sujatha Sagiraju Chief Product Officer NA
Mr. Eric De Cavaignac Chief Transformation Officer NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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