NYSE : WK
Workiva Inc. — Financial statements
Technology · Software - Application · United States
Last price 83.61 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 4.55B
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Financial statements
Workiva Inc. (WK) reported revenue of 965.70M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 965.70M | 884.57M | 738.68M | 630.04M | 537.88M | 443.29M |
| Cost of Revenue | 191.11M | 190.43M | 172.06M | 154.22M | 129.88M | 103.83M |
| Gross Profit | 774.58M | 694.14M | 566.62M | 475.82M | 407.99M | 339.45M |
| Selling, General & Admin | 526.51M | 521.74M | 449.12M | 397.55M | 344.44M | 252.67M |
| Research & Development | 216.63M | 214.84M | 192.94M | 172.79M | 151.72M | 115.73M |
| Operating Expenses | 743.14M | 736.58M | 642.06M | 570.34M | 496.15M | 368.41M |
| Operating Income | 31.45M | -42.44M | -75.43M | -94.53M | -88.16M | -28.95M |
| Interest Expense | -12.78M | -12.78M | -12.87M | -53.64M | -6.04M | -14.02M |
| Interest & Investment Income | 32.88M | 34.15M | 39.40M | 25.88M | 4.88M | 1.04M |
| Currency Exchange Gain (Loss) | -1.39M | -1.39M | 551.00K | -1.15M | 835.00K | -503.00K |
| Other Non Operating Income (Expenses) | 1.98M | 44.00K | 12.00K | 48.00K | 91.00K | 34.00K |
| EBT Excluding Unusual Items | 52.13M | -22.41M | -48.34M | -123.39M | -88.40M | -42.40M |
| Merger & Restructuring Charges | -1.10M | -600.00K | -400.00K | |||
| Gain (Loss) on Sale of Investments | -708.00K | 3.70M | ||||
| Pretax Income | 52.13M | -22.41M | -49.44M | -124.10M | -89.00M | -39.10M |
| Income Tax Expense | 5.09M | 3.75M | 5.60M | 3.43M | 1.95M | -1.37M |
| Net Income | 47.04M | -26.17M | -55.04M | -127.53M | -90.95M | -37.73M |
| Net Income to Common | 47.04M | -26.17M | -55.04M | -127.53M | -90.95M | -37.73M |
| Shares Outstanding (Basic) | 55.84M | 56.27M | 55.36M | 54.10M | 52.95M | 51.13M |
| Shares Outstanding (Diluted) | 56.12M | 56.27M | 55.36M | 54.10M | 52.95M | 51.13M |
| EPS (Basic) | 0.84 | -0.47 | -0.99 | -2.36 | -1.72 | -0.74 |
| EPS (Diluted) | 0.84 | -0.47 | -0.99 | -2.36 | -1.72 | -0.74 |
| Free Cash Flow | 200.52M | 138.00M | 86.34M | 68.75M | 7.88M | 46.31M |
| Free Cash Flow Per Share | 3.57 | 2.45 | 1.56 | 1.27 | 0.15 | 0.91 |
| Gross Margin | 80.21% | 78.47% | 76.71% | 75.52% | 75.85% | 76.58% |
| Operating Margin | 3.26% | -4.80% | -10.21% | -15.00% | -16.39% | -6.53% |
| Profit Margin | 4.87% | -2.96% | -7.45% | -20.24% | -16.91% | -8.51% |
| Free Cash Flow Margin | 20.77% | 15.60% | 11.69% | 10.91% | 1.46% | 10.45% |
| EBITDA | 42.03M | -31.45M | -64.43M | -83.39M | -77.95M | -23.71M |
| EBITDA Margin | 4.35% | -3.55% | -8.72% | -13.23% | -14.49% | -5.35% |
| D&A For EBITDA | 10.59M | 10.99M | 11.00M | 11.14M | 10.21M | 5.24M |
| EBIT | 31.45M | -42.44M | -75.43M | -94.53M | -88.16M | -28.95M |
| EBIT Margin | 3.26% | -4.80% | -10.21% | -15.00% | -16.39% | -6.53% |
| Revenue as Reported | 965.70M | 884.57M | 738.68M | 630.04M | 537.88M | 443.29M |
| Advertising Expenses | 8.10M | 8.50M | 6.50M | 6.10M | 5.60M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 252.48M | 338.77M | 301.83M | 256.10M | 240.20M | 300.39M |
| Short-Term Investments | 562.76M | 552.85M | 514.59M | 557.62M | 190.59M | 230.06M |
| Cash & Short-Term Investments | 815.24M | 891.62M | 816.42M | 813.72M | 430.79M | 530.45M |
| Accounts Receivable | 147.51M | 168.98M | 148.43M | 125.19M | 106.32M | 76.85M |
| Other Receivables | 9.89M | 10.38M | 10.28M | 7.37M | 6.67M | 3.54M |
| Receivables | 157.40M | 179.37M | 158.71M | 132.56M | 112.99M | 80.39M |
| Prepaid Expenses | 26.02M | 28.08M | 21.70M | 23.03M | 17.96M | 15.11M |
| Restricted Cash | 712.00K | 700.00K | 500.00K | 600.00K | ||
| Other Current Assets | 64.59M | 62.62M | 50.91M | 39.02M | 38.35M | 31.15M |
| Total Current Assets | 1.06B | 1.16B | 1.05B | 1.01B | 600.09M | 657.09M |
| Property, Plant & Equipment | 28.67M | 34.53M | 33.61M | 36.92M | 41.03M | 46.58M |
| Goodwill | 203.60M | 206.16M | 196.84M | 112.10M | 109.74M | 34.56M |
| Other Intangible Assets | 19.85M | 22.27M | 27.39M | 22.89M | 28.23M | 10.43M |
| Long-Term Deferred Charges | 51.05M | 59.77M | 54.86M | 33.35M | 33.68M | 33.09M |
| Other Long-Term Assets | 7.32M | 8.45M | 7.53M | 4.67M | 6.85M | 5.00M |
| Total Assets | 1.37B | 1.49B | 1.37B | 1.22B | 819.62M | 786.76M |
| Accounts Payable | 11.78M | 8.93M | 7.75M | 5.20M | 6.17M | 4.11M |
| Accrued Expenses | 67.93M | 73.71M | 89.40M | 60.36M | 47.10M | 46.25M |
| Current Portion of Long-Term Debt | 71.21M | 71.07M | 298.66M | |||
| Current Portion of Leases | 5.02M | 6.32M | 5.46M | 5.79M | 6.22M | 7.58M |
| Current Unearned Revenue | 558.39M | 573.38M | 482.11M | 405.61M | 341.78M | 284.54M |
| Other Current Liabilities | 8.21M | 8.23M | 7.71M | 7.54M | 5.66M | 5.35M |
| Total Current Liabilities | 722.55M | 741.65M | 592.42M | 484.50M | 406.94M | 646.50M |
| Long-Term Debt | 697.35M | 696.26M | 764.89M | 762.46M | 340.26M | |
| Long-Term Leases | 19.10M | 23.70M | 22.93M | 24.94M | 26.68M | 31.50M |
| Long-Term Unearned Revenue | 32.43M | 37.30M | 29.68M | 36.18M | 38.24M | 34.18M |
| Other Long-Term Liabilities | 101.00K | 92.00K | 227.00K | 178.00K | 1.52M | 1.60M |
| Total Liabilities | 1.47B | 1.50B | 1.41B | 1.31B | 813.64M | 713.78M |
| Common Stock | 55.00K | 57.00K | 56.00K | 54.00K | 53.00K | 51.00K |
| Additional Paid-In Capital | 604.00M | 720.92M | 672.36M | 562.94M | 537.73M | 525.65M |
| Retained Earnings | -701.41M | -733.85M | -707.68M | -652.64M | -525.12M | -452.43M |
| Comprehensive Income & Other | 288.00K | 7.44M | -6.42M | 255.00K | -6.69M | -288.00K |
| Shareholders' Equity | -97.08M | -5.44M | -41.68M | -89.39M | 5.98M | 72.98M |
| Total Liabilities & Equity | 1.37B | 1.49B | 1.37B | 1.22B | 819.62M | 786.76M |
| Total Debt | 792.68M | 797.35M | 793.28M | 793.18M | 373.17M | 337.74M |
| Net Cash (Debt) | 22.56M | 94.27M | 23.14M | 20.54M | 57.63M | 192.71M |
| Net Cash Per Share | 0.40 | 1.68 | 0.42 | 0.38 | 1.09 | 3.77 |
| Filing Date Shares Outstanding | 54.42M | 56.83M | 56.13M | 54.73M | 53.10M | 51.96M |
| Total Common Shares Outstanding | 54.09M | 56.32M | 55.49M | 54.18M | 52.65M | 51.44M |
| Working Capital | 341.43M | 420.73M | 455.82M | 524.44M | 193.15M | 10.59M |
| Book Value Per Share | -1.79 | -0.10 | -0.75 | -1.65 | 0.11 | 1.42 |
| Tangible Book Value | -320.52M | -233.87M | -265.92M | -224.38M | -131.99M | 27.99M |
| Tangible Book Value Per Share | -5.93 | -4.15 | -4.79 | -4.14 | -2.51 | 0.54 |
| Machinery | 20.16M | 21.00M | 20.39M | 21.63M | 19.33M | |
| Construction In Progress | 41.00K | |||||
| Leasehold Improvements | 8.24M | 8.16M | 8.09M | 8.04M | 7.91M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 47.04M | -26.17M | -55.04M | -127.53M | -90.95M | -37.73M |
| Depreciation & Amortization | 10.59M | 10.99M | 11.00M | 11.14M | 10.21M | 5.24M |
| Other Amortization | 2.45M | 2.44M | 2.44M | 1.73M | 1.30M | 9.17M |
| Loss (Gain) From Sale of Investments | -3.60M | -5.14M | -11.83M | -7.01M | 1.08M | -674.00K |
| Stock-Based Compensation | 124.95M | 122.94M | 102.15M | 98.77M | 70.66M | 48.63M |
| Provision & Write-off of Bad Debts | -69.00K | -214.00K | 39.00K | 410.00K | 156.00K | -125.00K |
| Other Operating Activities | -888.00K | -396.00K | -629.00K | 45.13M | 538.00K | -1.97M |
| Change in Accounts Receivable | -27.10M | -17.48M | -24.35M | -18.32M | -28.89M | -7.68M |
| Change in Accounts Payable | 959.00K | 651.00K | 2.40M | -1.00M | 2.44M | 972.00K |
| Change in Unearned Revenue | 76.55M | 88.70M | 73.84M | 60.11M | 61.66M | 47.42M |
| Change in Other Net Operating Assets | -28.97M | -36.27M | -12.31M | 7.44M | -16.86M | -13.41M |
| Operating Cash Flow | 201.90M | 140.07M | 87.71M | 70.88M | 11.33M | 49.84M |
| Capital Expenditures | -1.38M | -2.08M | -1.36M | -2.12M | -3.46M | -3.53M |
| Cash Acquisitions | -750.00K | -98.09M | -99.19M | -37.47M | ||
| Sale (Purchase) of Intangibles | -381.00K | -391.00K | -191.00K | -235.00K | -160.00K | -219.00K |
| Investment in Securities | -31.98M | -32.49M | 54.40M | -354.89M | 34.79M | -27.41M |
| Investing Cash Flow | -34.49M | -34.95M | -45.25M | -357.25M | -68.01M | -68.63M |
| Long-Term Debt Issued | 691.11M | |||||
| Long-Term Debt Repaid | -560.00K | -532.00K | -397.37M | -1.57M | -1.71M | |
| Net Debt Issued (Repaid) | -585.00K | -560.00K | -532.00K | 293.74M | -1.57M | -1.71M |
| Issuance of Common Stock | 19.05M | 19.92M | 18.73M | 16.98M | 12.53M | 25.46M |
| Repurchase of Common Stock | -214.02M | -94.30M | -11.46M | -9.46M | -12.54M | -27.14M |
| Financing Cash Flow | -195.55M | -74.94M | 6.74M | 301.26M | -1.59M | -3.39M |
| Foreign Exchange Rate Adjustments | -3.63M | 6.96M | -3.57M | 1.64M | -1.92M | -270.00K |
| Net Cash Flow | -31.77M | 37.13M | 45.63M | 16.52M | -60.19M | -22.45M |
| Free Cash Flow | 200.52M | 138.00M | 86.34M | 68.75M | 7.88M | 46.31M |
| Free Cash Flow Margin | 20.77% | 15.60% | 11.69% | 10.91% | 1.46% | 10.45% |
| Free Cash Flow Per Share | 3.57 | 2.45 | 1.56 | 1.27 | 0.15 | 0.91 |
| Levered Free Cash Flow | 169.10M | 137.75M | 130.50M | 68.75M | 37.48M | 73.55M |
| Unlevered Free Cash Flow | 174.63M | 143.30M | 136.10M | 100.55M | 39.96M | 73.14M |
| Cash Interest Paid | 10.32M | 10.33M | 10.28M | 4.71M | 4.74M | 4.84M |
| Cash Income Tax Paid | 5.75M | 5.49M | 6.20M | 2.66M | 1.43M | -41.00K |
| Change in Working Capital | 21.43M | 35.61M | 39.58M | 48.23M | 18.34M | 27.30M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 4.57B | 4.84B | 6.07B | 5.49B | 4.41B | 6.64B |
| Enterprise Value | 4.55B | 4.78B | 6.08B | 5.50B | 4.35B | 6.45B |
| Last Close Price | 83.61 | 86.25 | 109.50 | 101.53 | 83.97 | 130.49 |
| Forward PE | 22.80 | 42.16 | 92.10 | 138.68 | ||
| PS Ratio | 4.68 | 5.47 | 8.21 | 8.71 | 8.20 | 14.97 |
| PB Ratio | -890.55 | -145.51 | -61.39 | 737.49 | 90.94 | |
| P/TBV Ratio | 237.13 | |||||
| P/FCF Ratio | 22.53 | 35.08 | 70.25 | 79.82 | 560.24 | 143.31 |
| P/OCF Ratio | 22.37 | 34.56 | 69.16 | 77.42 | 389.31 | 133.15 |
| PEG Ratio | 1.21 | 1.14 | ||||
| EV/Sales Ratio | 4.65 | 5.40 | 8.23 | 8.72 | 8.09 | 14.54 |
| EV/FCF Ratio | 22.41 | 34.62 | 70.41 | 79.93 | 552.71 | 139.22 |
| Debt / Equity Ratio | -8.17 | -146.68 | -19.03 | -8.87 | 62.37 | 4.63 |
| Debt / FCF Ratio | 3.95 | 5.78 | 9.19 | 11.54 | 47.38 | 7.29 |
| Net Debt / Equity Ratio | 0.23 | 17.34 | 0.56 | 0.23 | -9.63 | -2.64 |
| Net Debt / EBITDA Ratio | -0.54 | 3.00 | 0.36 | 0.25 | 0.74 | 8.13 |
| Net Debt / FCF Ratio | -0.11 | -0.68 | -0.27 | -0.30 | -7.32 | -4.16 |
| Asset Turnover | 0.71 | 0.62 | 0.57 | 0.62 | 0.67 | 0.59 |
| Quick Ratio | 1.35 | 1.44 | 1.65 | 1.95 | 1.34 | 0.94 |
| Current Ratio | 1.47 | 1.57 | 1.77 | 2.08 | 1.48 | 1.02 |
| Return on Equity (ROE) | -230.36% | -54.98% | ||||
| Return on Assets (ROA) | 1.44% | -1.85% | -3.64% | -5.80% | -6.86% | -2.42% |
| Return on Capital Employed (ROCE) | 4.80% | -5.60% | -9.70% | -12.90% | -21.40% | -20.60% |
| Earnings Yield | 1.00% | -0.54% | -0.91% | -2.32% | -2.06% | -0.57% |
| FCF Yield | 4.44% | 2.85% | 1.42% | 1.25% | 0.18% | 0.70% |
| Buyback Yield / Dilution | -0.39% | -1.66% | -2.32% | -2.16% | -3.57% | -5.53% |