Appen Ltd's stock surged 12.08% during intraday trading on Wednesday, marking a significant upward movement for the AI data services company.
The sharp rise appears to be driven by the company's release of its financial year 2025 results and forward-looking guidance. Appen reported an Adjusted EBITDA of USD 10.6 million for FY25 alongside Group Operating Revenue of $230.8 million, providing a solid performance foundation.
Investor optimism was further fueled by the company's guidance for FY26, which projects revenue in the range of $270-$300 million and an Underlying EBITDA (before foreign exchange) margin of 5-10%. This outlook suggests a path toward improved profitability and growth, outweighing the reported FY net loss of USD -21.8 million.