WK · Workiva Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $884.57M | $738.68M | $630.04M | $537.88M | $443.29M | $351.59M |
| Cost of Revenue | $190.43M | $172.06M | $154.22M | $129.88M | $103.83M | $90.18M |
| Gross Profit | $694.14M | $566.63M | $475.82M | $407.99M | $339.45M | $261.42M |
| R&D | $214.84M | $192.94M | $172.79M | $151.72M | $115.73M | $94.84M |
| SG&A | $112.86M | $102.98M | $110.52M | $99.78M | $74.29M | $59.69M |
| Total Operating Expenses | $736.58M | $643.16M | $570.34M | $496.75M | $368.81M | $299.22M |
| D&A | $10.99M | $11.00M | $11.14M | $10.21M | $5.24M | $4.30M |
| Operating Income | ($42.44M) | ($76.53M) | ($94.53M) | ($88.76M) | ($29.36M) | ($37.80M) |
| Interest Expense | $12.02M | $12.01M | $53.64M | $6.04M | $14.02M | $13.96M |
| Income Tax | $3.75M | $5.60M | $3.43M | $1.95M | ($1.37M) | ($291.0K) |
| Net Income | ($26.17M) | ($55.04M) | ($127.53M) | ($90.95M) | ($37.73M) | ($48.40M) |
| EPS - Basic | ($0.47) | ($0.99) | ($2.36) | ($1.72) | ($1.00) | - |
| EPS - Diluted | ($0.47) | ($0.99) | ($2.36) | ($1.72) | ($1.00) | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $338.77M | $301.83M | $256.10M | $240.20M | $300.39M | $322.83M |
| Accounts Receivable | $168.98M | $148.43M | $125.19M | $106.32M | $76.85M | $68.92M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $8.93M | $7.75M | $5.20M | $6.17M | $4.11M | $2.84M |
| Current Assets | $1.16B | $1.05B | $1.01B | $600.09M | $657.09M | $633.09M |
| Total Assets | $1.49B | $1.37B | $1.22B | $819.62M | $786.76M | $707.01M |
| Current Liabilities | $741.65M | $592.42M | $484.50M | $406.94M | $646.50M | $281.79M |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $1.50B | $1.41B | $1.31B | $813.64M | $713.78M | $642.73M |
| Stockholders' Equity | ($5.44M) | ($41.68M) | ($89.39M) | $5.98M | $72.98M | $64.28M |
| Retained Earnings | ($733.85M) | ($707.68M) | ($652.64M) | ($525.12M) | ($452.43M) | ($414.70M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $140.07M | $87.71M | $70.88M | $11.33M | $49.84M | $33.24M |
| Investing Cash Flow | ($34.95M) | ($45.25M) | ($357.25M) | ($68.01M) | ($68.63M) | ($103.75M) |
| Financing Cash Flow | ($74.94M) | $6.74M | $301.26M | ($1.59M) | ($3.39M) | $11.12M |
| CapEx | $2.08M | $1.36M | $2.12M | $3.46M | $3.53M | $1.87M |
| Free Cash Flow | $138.00M | $86.34M | $68.75M | $7.88M | $46.31M | $31.37M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 78.5% | 76.7% | 75.5% | 75.9% | 76.6% | 74.4% |
| Operating margin | -4.8% | -10.4% | -15.0% | -16.5% | -6.6% | -10.8% |
| EBITDA margin | -3.6% | -8.9% | -13.2% | -14.6% | -5.4% | -9.5% |
| Net margin | -3.0% | -7.5% | -20.2% | -16.9% | -8.5% | -13.8% |
| Free cash flow margin | 15.6% | 11.7% | 10.9% | 1.5% | 10.4% | 8.9% |
| FCF / Net income | -5.27 | -1.57 | -0.54 | -0.09 | -1.23 | -0.65 |
| R&D / Revenue | 24.3% | 26.1% | 27.4% | 28.2% | 26.1% | 27.0% |
| SG&A / Revenue | 12.8% | 13.9% | 17.5% | 18.6% | 16.8% | 17.0% |
| Effective tax rate | - | - | - | - | - | - |
| Return on assets | -1.8% | -4.0% | -10.5% | -11.1% | -4.8% | -6.8% |
| Return on equity | 481.4% | 132.0% | 142.7% | -1520.1% | -51.7% | -75.3% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 1.57 | 1.77 | 2.08 | 1.47 | 1.02 | 2.25 |
| Quick ratio | 1.57 | 1.77 | 2.08 | 1.47 | 1.02 | 2.25 |
| Cash ratio | 0.46 | 0.51 | 0.53 | 0.59 | 0.46 | 1.15 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | -3.5x | -6.4x | -1.8x | -14.7x | -2.1x | -2.7x |
| Equity multiplier | -274.76 | -32.83 | -13.64 | 136.99 | 10.78 | 11.00 |
| Liabilities / Assets | 1.00 | 1.03 | 1.07 | 0.99 | 0.91 | 0.91 |
| Efficiency | ||||||
| Asset turnover | 0.59 | 0.54 | 0.52 | 0.66 | 0.56 | 0.50 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 70d | 73d | 73d | 72d | 63d | 72d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 17d | 16d | 12d | 17d | 14d | 12d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | 743.2x | 86.6x | - |
| P / S | 5.5x | 8.2x | 8.7x | 8.3x | 14.3x | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 19.7% | 17.2% | 17.1% | 21.3% | 26.1% | 18.0% |
| Revenue CAGR (3y) | 18.0% | 18.6% | 21.5% | 21.8% | 35.4% | - |
| Revenue CAGR (5y) | 20.3% | 19.9% | 28.7% | - | - | - |
| Gross profit growth (YoY) | 22.5% | 19.1% | 16.6% | 20.2% | 29.9% | 22.8% |
| Operating income growth (YoY) | 44.5% | 19.0% | -6.5% | -202.4% | 22.3% | 17.3% |
| Net income growth (YoY) | 52.5% | 56.8% | -40.2% | -141.0% | 22.0% | -0.5% |
| EPS growth (YoY) | 52.5% | 58.1% | -37.2% | -72.0% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 59.8% | 25.6% | 772.9% | -83.0% | 47.6% | 14.2% |
| FCF CAGR (5y) | 34.5% | 25.7% | 67.1% | 12.7% | - | - |
| Book value growth (YoY) | 87.0% | 53.4% | - | -91.8% | 13.5% | -1.6% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$956.51M totalLicense And Service$812.63M · 85.0%
Professional Services$71.94M · 7.5%
XBRLProfessional Services$60.64M · 6.3%
Other Services$11.30M · 1.2%
Geographic
$884.57M totalUS$648.40M · 73.3%
Non Us$236.17M · 26.7%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.29
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing WORKIVA INC against the 5 most active filers in the same SIC group.