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Workiva Inc., together with its subsidiaries, provides cloud-based reporting solutions in the United States and internationally. The company provides Workiva platform, a multi-tenant cloud software that provides data-linking capabilities; audit trail services; administrators access management; and connects and transforms data from various 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $885M | $1M | $-26M | $138M | 481.4% | 19.7% | -52.5% |
| 2024 | $739M | $-26M | $-55M | $86M | 132.0% | 17.2% | -56.8% |
| 2023 | $630M | $-59M | $-128M | $69M | 142.7% | 17.1% | 40.2% |
| 2022 | $538M | $-73M | $-91M | $8M | -1520.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 537.88 | 630.04 | 738.68 | 884.57 |
| Operating Revenue | - | 537.88 | 630.04 | 738.68 | 884.57 |
| Cost Of Revenue | - | 129.88 | 154.22 | 172.06 | 190.43 |
| Gross Profit | - | 407.99 | 475.82 | 566.62 | 694.14 |
| Operating Expense | - | 496.75 | 570.34 | 643.16 | 736.58 |
| Research And Development | - | 151.72 | 172.79 | 192.94 | 214.84 |
| Selling General And Administration | - | 345.04 | 397.55 | 450.22 | 521.74 |
| Total Expenses | - | 626.64 | 724.57 | 815.21 | 927.01 |
| Operating Income | - | -88.76 | -94.53 | -76.53 | -42.44 |
| Total Operating Income As Reported | - | -88.76 | -94.53 | -76.53 | -42.44 |
| EBITDA | - | -72.75 | -59.32 | -25.57 | 1.35 |
| Normalized EBITDA | - | -72.75 | -59.32 | -25.57 | 1.35 |
| EBIT | - | -82.96 | -70.46 | -36.58 | -9.64 |
| Interest Income | - | 4.88 | 25.88 | 39.40 | 34.15 |
| Interest Expense | - | 6.04 | 53.64 | 12.86 | 12.78 |
| Net Interest Income | - | -1.16 | -27.76 | 26.53 | 21.38 |
| Other Non Operating Income Expenses | - | 0.93 | -1.81 | 0.56 | -1.35 |
| Other Income Expense | - | 0.93 | -1.81 | 0.56 | -1.35 |
| Interest Income Non Operating | - | 4.88 | 25.88 | 39.40 | 34.15 |
| Interest Expense Non Operating | - | 6.04 | 53.64 | 12.86 | 12.78 |
| Net Non Operating Interest Income Expense | - | -1.16 | -27.76 | 26.53 | 21.38 |
| Pretax Income | - | -89 | -124.10 | -49.44 | -22.42 |
| Tax Provision | - | 1.95 | 3.43 | 5.60 | 3.75 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Net Income From Continuing And Discontinued Operation | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Net Income From Continuing Operation Net Minority Interest | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Net Income | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Net Income Common Stockholders | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Net Income Including Noncontrolling Interests | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Normalized Income | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Diluted NI Availto Com Stockholders | - | -90.95 | -127.52 | -55.04 | -26.17 |
| Basic Average Shares | 51.13 | 52.95 | 54.10 | 55.36 | - |
| Diluted Average Shares | 51.13 | 52.95 | 54.10 | 55.36 | - |
| Reconciled Depreciation | - | 10.21 | 11.14 | 11 | 10.99 |
| Reconciled Cost Of Revenue | - | 129.88 | 154.22 | 172.06 | 190.43 |
| General And Administrative Expense | - | 99.78 | 110.52 | 102.98 | 112.86 |
| Other Gand A | - | 99.78 | 110.52 | 102.98 | 112.86 |
| Selling And Marketing Expense | - | 245.26 | 287.04 | 347.24 | 408.87 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Workiva Inc.this co. | WK | $2.8B | -105.19 | -506.37 | 481.4% | 2375.17 |
| Ouster, Inc. | OUST | $3.0B | - | 11.46 | -23.1% | - |
| Vistance Networks, Inc. | VISN | $2.8B | 1.23 | -2.79 | -227.4% | 30.18 |
| Freshworks Inc. | FRSH | $2.7B | 14.43 | 2.57 | 17.8% | 53.81 |
| StoneCo Ltd. | STNE | $2.6B | 1.13 | 0.24 | 21.1% |
| - |
| - |
| - |
| - |
| 2.17 |
| Braze, Inc. | BRZE | $2.6B | -19.85 | 4.18 | -21.0% | -20.45 |
| Quantum Computing Inc. | QUBT | $2.5B | -135.15 | 1.58 | -1.2% | -130.81 |
| Agilysys, Inc. | AGYS | $2.5B | 64.93 | 7.71 | 11.9% | 40.93 |
| PagSeguro Digital Ltd. | PAGS | $2.5B | 1.16 | 0.17 | 14.5% | 5.00 |
| Peer Median | - | 1.16 | 2.07 | 5.4% | 5.00 | |