Appen Ltd (APX) - Net Assets

Latest as of June 2026: AU$92.97 Million AUD ≈ $65.78 Million USD

Based on the latest financial reports, Appen Ltd (APX) has net assets worth AU$92.97 Million AUD (≈ $65.78 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$153.42 Million ≈ $108.55 Million USD) and total liabilities (AU$60.45 Million ≈ $42.77 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check APX PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$92.97 Million
% of Total Assets	60.6%
Annual Growth Rate	51.42%
5-Year Change	-75.77%
10-Year Change	167.4%
Growth Volatility	797.77

Appen Ltd - Net Assets Trend (2009–2025)

This chart illustrates how Appen Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Appen Ltd (APX) market capitalisation.

Annual Net Assets for Appen Ltd (2009–2025)

The table below shows the annual net assets of Appen Ltd from 2009 to 2025. Also explore Appen Ltd annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	AU$94.67 Million ≈ $66.98 Million	-17.19%
2024-12-31	AU$114.32 Million ≈ $80.89 Million	+23.33%
2023-12-31	AU$92.69 Million ≈ $65.59 Million	-37.84%
2022-12-31	AU$149.13 Million ≈ $105.52 Million	-61.83%
2021-12-31	AU$390.67 Million ≈ $276.43 Million	-19.33%
2020-12-31	AU$484.27 Million ≈ $342.65 Million	+0.52%
2019-12-31	AU$481.78 Million ≈ $340.89 Million	+245.61%
2018-12-31	AU$139.40 Million ≈ $98.63 Million	+49.23%
2017-12-31	AU$93.41 Million ≈ $66.09 Million	+163.85%
2016-12-31	AU$35.40 Million ≈ $25.05 Million	+69.67%
2015-12-31	AU$20.87 Million ≈ $14.76 Million	+6.15%
2014-12-31	AU$19.66 Million ≈ $13.91 Million	+26.00%
2013-12-31	AU$15.60 Million ≈ $11.04 Million	+165.85%
2012-12-31	AU$5.87 Million ≈ $4.15 Million	+42.19%
2011-12-31	AU$4.13 Million ≈ $2.92 Million	+3228.23%
2009-12-31	AU$124.00K ≈ $87.74K	--

Equity Component Analysis

This analysis shows how different components contribute to Appen Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 47197.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	AU$366.96 Million	387.63%
Other Comprehensive Income	AU$132.28 Million	139.73%
Total Equity	AU$94.67 Million	100.00%

Appen Ltd Competitors by Market Cap

The table below lists competitors of Appen Ltd ranked by their market capitalization.

Company	Market Cap
EASY HOLDINGS Co. Ltd KQ:035810	$202.43 Million
Indomobil Sukses Internasional JK:IMAS	$202.45 Million
Octave Specialty Group, Inc. NYSE:OSG	$202.56 Million
Naturgy BAN SA BA:GBAN	$202.57 Million
Dynamix Corporation III Class A Ordinary Shares NASDAQ:DNMX	$202.26 Million
Brogent Technologies TWO:5263	$202.23 Million
Eledon Pharmaceuticals Inc NASDAQ:ELDN	$202.23 Million
Adgar Investments and Development Ltd TA:ADGR	$202.15 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Appen Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 114,316,000 to 94,667,839, a change of -19,648,161 (-17.2%).
Net loss of 22,578,843 reduced equity.
Other comprehensive income increased equity by 3,502,202.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$-22.58 Million	-23.85%
Other Comprehensive Income	AU$3.50 Million	+3.7%
Other Changes	AU$-571.52K	-0.6%
Total Change	AU$-	-17.19%

Book Value vs Market Value Analysis

This analysis compares Appen Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 2.97x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.59x to 2.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	AU$0.19	AU$1.07	x
2014-12-31	AU$0.23	AU$1.07	x
2015-12-31	AU$0.21	AU$1.07	x
2016-12-31	AU$0.31	AU$1.07	x
2017-12-31	AU$0.83	AU$1.07	x
2018-12-31	AU$1.14	AU$1.07	x
2019-12-31	AU$3.54	AU$1.07	x
2020-12-31	AU$3.46	AU$1.07	x
2021-12-31	AU$2.77	AU$1.07	x
2022-12-31	AU$1.07	AU$1.07	x
2023-12-31	AU$0.65	AU$1.07	x
2024-12-31	AU$0.50	AU$1.07	x
2025-12-31	AU$0.36	AU$1.07	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Appen Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -23.85%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -9.45%
• Asset Turnover: 1.57x
• Equity Multiplier: 1.61x
Recent ROE (-23.85%) is below the historical average (-9.45%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	10.22%	2.63%	2.55x	1.53x	AU$33.63K
2014	8.22%	3.17%	1.69x	1.53x	AU$-350.03K
2015	39.76%	10.03%	2.70x	1.47x	AU$6.21 Million
2016	29.63%	9.45%	2.05x	1.53x	AU$6.95 Million
2017	15.29%	8.57%	0.89x	2.01x	AU$4.94 Million
2018	29.93%	11.46%	1.52x	1.72x	AU$27.79 Million
2019	8.64%	7.77%	0.84x	1.32x	AU$-6.57 Million
2020	8.02%	6.48%	1.00x	1.24x	AU$-9.59 Million
2021	7.05%	6.17%	0.89x	1.28x	AU$-11.53 Million
2022	-158.03%	-60.72%	1.51x	1.72x	AU$-250.59 Million
2023	-86.83%	-29.45%	1.76x	1.67x	AU$-89.65 Million
2024	-10.83%	-5.29%	1.37x	1.49x	AU$-23.82 Million
2025	-23.85%	-9.45%	1.57x	1.61x	AU$-32.05 Million

Industry Comparison

This section compares Appen Ltd's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $16,475,389
Average return on equity (ROE) among peers: -224.14%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Appen Ltd (APX)	AU$92.97 Million	10.22%	0.65x	$202.35 Million
5G Networks Ltd (5GN)	$91.27 Million	17.60%	1.34x	$11.85 Million
Adneo Ltd (AD1)	$1.89 Million	-232.11%	0.73x	$5.12 Million
Adisyn Ltd (AI1)	$-151.23K	0.00%	0.00x	$116.63 Million
Asset Vision Co Ltd (ASV)	$7.23 Million	-119.32%	0.31x	$23.92 Million
Atturra Ltd (ATA)	$-8.32 Million	0.00%	0.00x	$100.64 Million
Activeport Group Ltd (ATV)	$22.61 Million	-11.85%	0.23x	$9.65 Million
Change Financial Ltd (CCA)	$302.33K	-1576.07%	4.79x	$19.54 Million
Comms Group Ltd (CCG)	$30.00 Million	-2.26%	1.05x	$30.90 Million
Credit Clear Ltd (CCR)	$3.45 Million	-93.20%	0.26x	$49.81 Million

About Appen Ltd

AU:APX Australia Information Technology Services

Market Cap

$202.35 Million

AU$285.98 Million AUD

Market Cap Rank

#16595 Global

#461 in Australia

Share Price

AU$1.07

Change (1 day)

+2.40%

52-Week Range

AU$0.65 - AU$1.90

All Time High

AU$37.81