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Appen: profit surge in H1 2026 driven by China, stock falls sharply

Appen reported a 17% revenue increase to $119.9m in the first half of 2026 and an adjusted EBITDA before currency effects of $5.3m. The driver was Appen China, with revenue up 80.4% to $76.2m, while the global business declined 26.9%. Despite the operational improvement, the stock fell about 14% to $1.25. Management confirmed the full-year guidance of $270–300m revenue and an adjusted EBITDA margin of 5–10%; cash holdings were $44.7m and operating cash flow was negative. » More on de.investing.com

Historical dividends Dividends

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In 2022, Appen has already paid €0.0326 in dividends. The last payout was in March 2022.

Financials

In the last quarter, Appen had revenue of €103.46m and net profit of -€3.84m

(EUR)	June 2026	YoY
Revenue	103.46m	-
Gross profit	7.25m	-
Net profit	-3.84m	-
EBITDA	4.1m	-

Fundamentals

Metric	Value
Market capitalization	€168.99m
Number of shares	269.02m
52-week high/low	€1.19 - €0.42
Dividends	No
Beta	1.78
P/E ratio	-30.44
PEG ratio	-0.47
P/B ratio	2.29
P/S ratio	0.86

Company profile

Appen Limited, together with its subsidiaries, operates as an AI lifecycle company that collects and labels image, text, speech, audio, video, and other data used to build and enhance artificial intelligence systems. It operates through two segments, Global Services and New Markets. The company offers data sourcing services, including image, video, speech, and text data collection services pre-labeled datasets of audio, image, video, and text; and language-based AI solutions. It also provides data preparation services comprising machine learning assisted data annotation tools, which include image annotation, video annotation, text, sensor, audio annotation, and other solutions; enterprise-ready data annotation platform, which offers smart labeling, workflows, in-platform audit, and enterprise analytics; and knowledge graph and ontology support services. 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 Chatswood, Australia.