WORKIVA INC WK
Workiva is a leading, AI-powered platform for trust, transparency, and accountability. Accounting, finance, sustainability, risk, and audit teams worldwide rely on Workiva for their mission-critical work. We build solutions that unite data, processes and people across our customers' critical business operations within the only unified software-as-a-service ("SaaS") platform that brings customers' financial reporting, sustainability management, and governance, risk, and compliance ("GRC") data together in one controlled, secure, audit-ready platform.
From data to disclosure, the Workiva platform empowers customers by connecting and transforming data from hundreds of enterprise resource planning ("ERP"), human capital management ("HCM"), and customer relationship management ("CRM") systems, as well as other third-party cloud and on-premise applications. Customers use our platform to create, review and publish data-linked documents, presentations, and reports with greater control, consistency, accuracy, and productivity. Our platform is flexible and scalable, so customers can easily adapt it to define, automate, and change their business processes in real time. This assured integrated reporting results in data clarity and accuracy, increased efficiency, and outcomes customers can trust.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $884.6M | $738.7M | $630.0M | $537.9M | $443.3M | $351.6M | $297.9M | $244.3M | $207.9M | $178.6M |
| Cost of revenue | $190.4M | $172.1M | $154.2M | $129.9M | $103.8M | $90.2M | $85.0M | $65.9M | $60.2M | $51.6M |
| Gross profit | $694.1M | $566.6M | $475.8M | $408.0M | $339.5M | $261.4M | $212.9M | $178.5M | $147.6M | $127.0M |
| R&D | $214.8M | $192.9M | $172.8M | $151.7M | $115.7M | $94.8M | $89.9M | $81.6M | $68.2M | $57.4M |
| SG&A | $112.9M | $103.0M | $110.5M | $99.8M | $74.3M | $59.7M | $48.1M | $56.3M | $39.6M | $32.7M |
| Total operating expenses | $736.6M | $643.2M | $570.3M | $496.8M | $368.8M | $299.2M | $258.3M | $228.3M | $191.9M | $170.6M |
| Operating income | -$42.4M | -$76.5M | -$94.5M | -$88.8M | -$29.4M | -$37.8M | -$45.4M | -$49.8M | -$44.3M | -$43.6M |
| Interest expense | $12.8M | $12.9M | $53.6M | $6.0M | $14.0M | $14.0M | $6.0M | $1.8M | $1.8M | $1.9M |
| Pre-tax income | -$22.4M | -$49.4M | -$124.1M | -$89.0M | -$39.1M | -$48.7M | -$47.3M | -$49.8M | -$44.4M | -$44.0M |
| Income tax | $3.8M | $5.6M | $3.4M | $1.9M | $1.4M | $291.0K | $139.0K | $247.0K | $61.0K | $24.0K |
| Net income | -$26.2M | -$55.0M | -$127.5M | -$90.9M | -$37.7M | -$48.4M | -$47.5M | -$50.1M | -$44.4M | -$44.0M |
| EPS, basic | -0.47 | -0.99 | -2.36 | -1.72 | -0.74 | -1.00 | -1.03 | — | — | — |
| EPS, diluted | -0.47 | -0.99 | -2.36 | -1.72 | -0.74 | -1.00 | -1.03 | -1.15 | -1.07 | -1.08 |
| Shares, diluted (wtd. avg.) | $56.3M | $55.4M | $54.1M | $53.0M | $51.1M | $48.4M | $46.3M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $338.8M | $301.8M | $256.1M | $240.2M | $300.4M | $322.8M | $381.7M | $77.6M | $60.3M | $51.3M |
| Short-term investments | $552.9M | $514.6M | $557.6M | $190.6M | $230.1M | $207.2M | $106.2M | $20.8M | $16.4M | $11.4M |
| Receivables | $169.0M | $148.4M | $125.2M | $106.3M | $76.8M | $68.9M | $60.2M | $65.1M | $28.8M | $22.5M |
| Total current assets | $1.16B | $1.05B | $1.01B | $600.1M | $657.1M | $633.1M | $571.2M | $177.2M | $115.3M | $98.0M |
| Property, plant and equipment | — | — | — | — | — | — | — | $41.5M | $40.4M | $42.6M |
| Goodwill | $206.2M | $196.8M | $112.1M | $109.7M | $34.6M | $0 | — | — | — | — |
| Other intangibles | $22.3M | $27.4M | $22.9M | $28.2M | $10.4M | $1.6M | $1.7M | $1.3M | $1.1M | $1.0M |
| Total assets | $1.49B | $1.37B | $1.22B | $819.6M | $786.8M | $707.0M | $639.0M | $231.1M | $157.7M | $143.1M |
| Accounts payable | $8.9M | $7.7M | $5.2M | $6.2M | $4.1M | $2.8M | $7.1M | $5.5M | $3.1M | $849.0K |
| Short-term debt | — | — | — | — | — | — | — | — | $0 | $20.0K |
| Total current liabilities | $741.7M | $592.4M | $484.5M | $406.9M | $646.5M | $281.8M | $232.1M | $191.6M | $129.3M | $99.9M |
| Long-term debt | — | — | — | — | — | — | — | — | $0 | $53.0K |
| Total liabilities | $1.50B | $1.41B | $1.31B | $813.6M | $713.8M | $642.7M | $584.7M | $240.9M | $174.6M | $146.3M |
| Retained earnings | -$733.9M | -$707.7M | -$652.6M | -$525.1M | -$452.4M | -$414.7M | -$366.3M | -$307.0M | -$265.3M | -$220.9M |
| Total equity | -$5.4M | -$41.7M | -$89.4M | $6.0M | $73.0M | $64.3M | $54.2M | -$9.7M | -$16.9M | -$3.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $140.1M | $87.7M | $70.9M | $11.3M | $49.8M | $33.2M | $30.9M | $6.4M | $5.5M | -$10.4M |
| Depreciation and amortisation | $11.0M | $11.0M | $11.1M | $10.2M | $5.2M | $4.3M | $3.8M | $3.8M | $3.5M | $3.8M |
| Stock-based compensation | $122.9M | $102.2M | $98.8M | $70.7M | $48.6M | $45.8M | $35.8M | $30.8M | $19.5M | $14.2M |
| Capital expenditure | $2.1M | $1.4M | $2.1M | $3.5M | $3.5M | $1.9M | $3.1M | $1.1M | $1.2M | $1.9M |
| Investing cash flow | -$35.0M | -$45.2M | -$357.3M | -$68.0M | -$68.6M | -$103.8M | -$90.1M | -$5.6M | -$6.5M | $3.8M |
| Financing cash flow | -$74.9M | $6.7M | $301.3M | -$1.6M | -$3.4M | $11.1M | $363.0M | $16.9M | $9.8M | -$895.0K |
| Buybacks | $71.6M | $0 | $0 | — | — | — | — | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001445305-26-000030.
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