Workiva Inc.

NYSE•WK

CEO: Ms. Julie Iskow

Sector: Technology

Industry: Software - Application

Listing Date: 2014-12-12

Workiva Inc., together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company offers Workiva platform, a multi-tenant cloud software that provides data linking capabilities; audit trail services; administrators access management; and allows customers to connect data from multiple enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications. It serves public and private companies, government agencies, and higher-education institutions. Workiva Inc. was founded in 2008 and is headquartered in Ames, Iowa.

Contact Information

2900 University Boulevard, Ames, IA, 50010, United States

888-275-3125

www.workiva.com

Market Cap

$3.54B

P/E (TTM)

-134.3

36.3

Dividend Yield

52W High

$97.10

52W Low

$56.07

52W Range

15%

Rank50Top 68.9%

3.1

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.1 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$238.94M+0.00%

4-Quarter Trend

EPS

$0.21+0.00%

4-Quarter Trend

FCF

$50.74M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Revenue Growth Strong 19.7% Total revenue reached $884.6M in 2025, up 19.7% from $738.7M in 2024, driven by strong demand.

Subscription Revenue Accelerates Subscription revenue grew 21.7% to $812.6M in 2025, now representing 91.9% of total revenue base.

High Net Retention Rate Net retention rate stood at 112.8% in 2025, showing successful expansion and upselling across the customer base.

AI Platform Innovation Launched Launched new AI capabilities to streamline workflows for finance, GRC, and sustainability teams, enhancing platform utility.

Risk Factors

Profitability Not Yet Achieved Posted net loss of $(26.2M) in 2025; management uncertain when or if profitability will be achieved or maintained.

Reliance on SEC Filings Over 35% of total revenue is derived from customers utilizing the platform specifically for SEC reporting requirements.

Managing Rapid Growth Strain Continued rapid growth places significant strain on management, systems, and requires substantial investment in infrastructure.

Intense Marketplace Competition Solutions face intense competition from status quo manual processes and specialized software providers across expanding markets.

Outlook

Growth Strategy Focus Areas Investment focuses on four tenets: connected AI platform, fit-for-purpose solutions, global expansion, and partner ecosystem.

Global Revenue Contribution International markets contributed 26.7% of 2025 revenue; expectation is for this percentage to increase further.

Continued Investment Planned Plan to invest further in platform development, sales, marketing, and professional services to drive long-term expansion.

Executive Team Strengthened Strengthened executive leadership team with strategic hires in CFO, CPO, and CRO roles during Q4 2025.

Peer Comparison

Revenue (TTM)

COMP

$6.96B

+23.7%

GBTG

$2.72B

+12.2%

BILL

$1.55B

+11.8%

Gross Margin (Latest Quarter)

CLBT

84.7%

-1.7pp

80.7%

+2.8pp

BILL

79.8%

-1.4pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
CWAN	$6.84B	-172.9	-2.2%	29.1%
OS	$6.30B	-88.7	-10.9%	1.4%
FROG	$5.01B	-69.2	-8.5%	1.4%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

5.0%

Steady Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

75%

Volatile Cash Flow

Deep Research

Next earnings:Apr 29, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data