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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% | - |
| 2024 | $739M | $-26M | $-55M | $86M | 132.0% | 17.2% | - |
| 2023 | $630M | $-59M | $-128M | $69M | 142.7% | 17.1% | - |
| 2022 | $538M | $-73M | $-91M | $8M | -1520.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 |
| Operating Income | -88.76 | -94.53 | -76.53 | -42.44 |
| EBITDA | -72.75 | -59.32 | -25.57 | 1.35 |
| EBIT | -82.96 | -70.46 | -36.58 | -9.64 |
| Pretax Income | -89 | -124.10 | -49.44 | -22.41 |
| Tax Provision | 1.95 | 3.43 | 5.60 | 3.75 |
| Net Income | -90.95 | -127.53 | -55.04 | -26.17 |
| Net Income Common Stockholders | -90.95 | -127.53 | -55.04 | -26.17 |
| Total Expenses | 626.64 | 724.57 | 815.21 | 927.01 |
| Interest Expense | 6.04 | 53.64 | 12.87 | 12.78 |
| Interest Income | 4.88 | 25.88 | 39.40 | 34.15 |
| Research And Development | 151.72 | 172.79 | 192.94 | 214.84 |
| Selling General And Administration | 345.04 | 397.55 | 450.22 | 521.74 |
| Normalized EBITDA | -72.75 | -59.32 | -25.57 | 1.35 |
| Normalized Income | -90.95 | -127.53 | -55.04 | -26.17 |
| Basic EPS | -1.72 | -2.36 | -0.99 | 0 |
| Diluted EPS | -1.72 | -2.36 | -0.99 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.21 | 0.21 | 0.21 | 0.21 |
| Net Income From Continuing Operation Net Minority Interest | -90.95 | -127.53 | -55.04 | -26.17 |
| Reconciled Depreciation | 10.21 | 11.14 | 11 | 10.99 |
| Reconciled Cost Of Revenue | 129.88 | 154.22 | 172.06 | 190.43 |
| Net Interest Income | -1.16 | -27.76 | 26.53 | 21.38 |
| Net Income From Continuing And Discontinued Operation | -90.95 | -127.53 | -55.04 | -26.17 |
| Total Operating Income As Reported | -88.76 | -94.53 | -76.53 | -42.44 |
| Diluted Average Shares | 52.95 | 54.10 | 55.36 | 0 |
| Basic Average Shares | 52.95 | 54.10 | 55.36 | 0 |
| Diluted NI Availto Com Stockholders | -90.95 | -127.53 | -55.04 | -26.17 |
| Net Income Including Noncontrolling Interests | -90.95 | -127.53 | -55.04 | -26.17 |
| Net Income Continuous Operations | -90.95 | -127.53 | -55.04 | -26.17 |
| Other Income Expense | 0.93 | -1.81 | 0.56 | -1.35 |
| Other Non Operating Income Expenses | 0.93 | -1.81 | 0.56 | -1.35 |
| Net Non Operating Interest Income Expense | -1.16 | -27.76 | 26.53 | 21.38 |
| Interest Expense Non Operating | 6.04 | 53.64 | 12.87 | 12.78 |
| Interest Income Non Operating | 4.88 | 25.88 | 39.40 | 34.15 |
| Selling And Marketing Expense | 245.26 | 287.04 | 347.24 | 408.87 |
| General And Administrative Expense | 99.78 | 110.52 | 102.98 | 112.86 |
| Other Gand A | 99.78 | 110.52 | 102.98 | 112.86 |
| Operating Revenue | 537.88 | 630.04 | 738.68 | 884.57 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Workiva Inc.this co. | WK | $3.1B | - | -555.77 | 481.4% | -94.42 |
| Dave Inc. | DAVE | $3.4B | 19.01 | 9.88 | 55.5% | 17.94 |
| Bel Fuse Inc. | BELFB | $3.3B | 55.54 | 7.68 | 11.9% | 26.42 |
| SoundHound AI, Inc. | SOUN | $3.3B | - | 7.03 | -3.0% | -20.62 |
| Varonis Systems, Inc. | VRNS | $3.2B | - | 5.36 | -21.6% |
| -19.29 |
| Qualys, Inc. | QLYS | $3.2B | 16.47 | 5.71 | 35.3% | 11.85 |
| Bel Fuse Inc. | BELFA | $2.9B | 49.26 | 6.83 | 11.9% | 23.70 |
| Ambarella, Inc. | AMBA | $2.9B | - | 4.80 | -12.8% | -37.38 |
| PagSeguro Digital Ltd. | PAGS | $2.8B | 6.94 | 0.94 | 14.4% | 0.32 |
| Peer Median | - | 19.01 | 6.27 | 11.9% | 6.09 | |