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 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $247.31M | - | $224.17M | $215.19M | $206.28M | - | $185.62M | $177.50M | $175.67M | - |
| Cost of Revenue | $48.55M | - | $46.38M | $49.54M | $48.34M | - | $43.67M | $41.17M | $41.52M | - |
| Gross Profit | $198.76M | - | $177.79M | $165.64M | $157.94M | - | $141.95M | $136.33M | $134.14M | - |
| R&D | $52.91M | - | $51.40M | $54.84M | $53.78M | - | $48.42M | $48.41M | $45.49M | - |
| SG&A | $26.04M | - | $28.66M | $28.92M | $27.24M | - | $25.55M | $26.38M | $24.30M | - |
| Total Operating Expenses | $183.44M | - | $181.19M | $187.79M | $182.69M | - | $163.73M | $159.48M | $152.43M | - |
| D&A | $2.52M | - | $2.69M | $2.95M | $2.89M | - | $3.01M | $2.56M | $2.52M | - |
| Operating Income | $15.32M | - | ($3.40M) | ($22.15M) | ($24.75M) | - | ($21.78M) | ($23.15M) | ($18.28M) | - |
| Interest Expense | $3.01M | - | $3.00M | $3.00M | $3.00M | - | $3.00M | $3.00M | $3.00M | - |
| Income Tax | $1.63M | - | ($626.0K) | $1.67M | $1.94M | - | $959.0K | $1.45M | $713.0K | - |
| Net Income | $19.00M | - | $2.79M | ($19.40M) | ($21.37M) | - | ($16.99M) | ($17.55M) | ($11.69M) | - |
| EPS - Basic | $0.33 | - | $0.05 | ($0.35) | ($0.38) | - | ($0.31) | ($0.32) | ($0.21) | - |
| EPS - Diluted | $0.33 | - | $0.05 | ($0.35) | ($0.38) | - | ($0.31) | ($0.32) | ($0.21) | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $334.26M | $338.77M | $315.91M | $284.25M | $242.02M | $301.83M | $248.24M | $267.90M | $296.07M | $256.10M |
| Accounts Receivable | $138.11M | $168.98M | $144.43M | $121.56M | $118.62M | $148.43M | $137.92M | $121.36M | $87.90M | $125.19M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $10.66M | $8.93M | $11.01M | $10.90M | $14.76M | $7.75M | $13.35M | $8.23M | $9.91M | $5.20M |
| Current Assets | $1.11B | $1.16B | $1.09B | $1.02B | $974.30M | $1.05B | $988.70M | $932.39M | $997.00M | $1.01B |
| Total Assets | $1.43B | $1.49B | $1.41B | $1.35B | $1.29B | $1.37B | $1.30B | $1.24B | $1.20B | $1.22B |
| Current Liabilities | $686.05M | $741.65M | $692.45M | $662.27M | $547.34M | $592.42M | $539.16M | $506.22M | $466.95M | $484.50M |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $1.44B | $1.50B | $1.45B | $1.41B | $1.37B | $1.41B | $1.35B | $1.32B | $1.29B | $1.31B |
| Stockholders' Equity | ($12.62M) | ($5.44M) | ($36.93M) | ($66.53M) | ($75.73M) | ($41.68M) | ($50.81M) | ($77.75M) | ($83.16M) | ($89.39M) |
| Retained Earnings | ($714.86M) | ($733.85M) | ($745.67M) | ($748.45M) | ($729.05M) | ($707.68M) | ($698.87M) | ($681.88M) | ($664.33M) | ($652.64M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $26.48M | - | $46.16M | $50.31M | ($7.36M) | - | $18.91M | ($14.0K) | $24.84M | - |
| Investing Cash Flow | $21.34M | - | ($10.11M) | ($4.28M) | ($9.13M) | - | ($49.63M) | ($26.32M) | $17.45M | - |
| Financing Cash Flow | ($50.03M) | - | ($3.57M) | ($8.91M) | ($45.01M) | - | $8.68M | ($1.48M) | ($1.32M) | - |
| CapEx | $728.0K | - | $91.0K | $995.0K | $763.0K | - | $243.0K | $108.0K | $203.0K | - |
| Free Cash Flow | $25.75M | - | $46.06M | $49.32M | ($8.12M) | - | $18.66M | ($122.0K) | $24.64M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 80.4% | - | 79.3% | 77.0% | 76.6% | - | 76.5% | 76.8% | 76.4% | - |
| Operating margin | 6.2% | - | -1.5% | -10.3% | -12.0% | - | -11.7% | -13.0% | -10.4% | - |
| EBITDA margin | 7.2% | - | -0.3% | -8.9% | -10.6% | - | -10.1% | -11.6% | -9.0% | - |
| Net margin | 7.7% | - | 1.2% | -9.0% | -10.4% | - | -9.2% | -9.9% | -6.7% | - |
| Free cash flow margin | 10.4% | - | 20.5% | 22.9% | -3.9% | - | 10.1% | -0.1% | 14.0% | - |
| FCF / Net income | 1.36 | - | 16.53 | -2.54 | 0.38 | - | -1.10 | 0.01 | -2.11 | - |
| R&D / Revenue | 21.4% | - | 22.9% | 25.5% | 26.1% | - | 26.1% | 27.3% | 25.9% | - |
| SG&A / Revenue | 10.5% | - | 12.8% | 13.4% | 13.2% | - | 13.8% | 14.9% | 13.8% | - |
| Effective tax rate | 7.9% | - | -29.0% | - | - | - | - | - | - | - |
| Return on assets | 1.3% | - | 0.2% | -1.4% | -1.7% | - | -1.3% | -1.4% | -1.0% | - |
| Return on equity | -150.6% | - | -7.5% | 29.2% | 28.2% | - | 33.4% | 22.6% | 14.1% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 1.62 | 1.57 | 1.58 | 1.54 | 1.78 | 1.77 | 1.83 | 1.84 | 2.14 | 2.08 |
| Quick ratio | 1.62 | 1.57 | 1.58 | 1.54 | 1.78 | 1.77 | 1.83 | 1.84 | 2.14 | 2.08 |
| Cash ratio | 0.49 | 0.46 | 0.46 | 0.43 | 0.44 | 0.51 | 0.46 | 0.53 | 0.63 | 0.53 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | 5.1x | - | -1.1x | -7.4x | -8.2x | - | -7.3x | -7.7x | -6.1x | - |
| Equity multiplier | -112.99 | -274.76 | -38.22 | -20.23 | -17.08 | -32.83 | -25.63 | -15.98 | -14.45 | -13.64 |
| Liabilities / Assets | 1.01 | 1.00 | 1.03 | 1.05 | 1.06 | 1.03 | 1.04 | 1.06 | 1.07 | 1.07 |
| Efficiency | ||||||||||
| Asset turnover | 0.17 | - | 0.16 | 0.16 | 0.16 | - | 0.14 | 0.14 | 0.15 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 204d | - | 235d | 206d | 210d | - | 271d | 250d | 183d | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 80d | - | 87d | 80d | 111d | - | 112d | 73d | 87d | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 180.7x | - | 1721.6x | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | 14.1x | - | 22.3x | 17.8x | 20.7x | - | 23.7x | 22.7x | 26.5x | - |
| EV / EBITDA | 176.6x | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 19.9% | - | 20.8% | 21.2% | 17.4% | - | 17.4% | 14.5% | 17.0% | - |
| Revenue CAGR (3y) | 18.1% | - | 19.1% | 17.8% | 16.7% | - | 18.1% | 18.9% | 19.0% | - |
| Revenue CAGR (5y) | 18.9% | - | 20.5% | 20.7% | 19.2% | - | 20.1% | 19.3% | 20.2% | - |
| Gross profit growth (YoY) | 25.8% | - | 25.2% | 21.5% | 17.7% | - | 18.5% | 18.0% | 20.1% | - |
| Operating income growth (YoY) | - | - | 84.4% | 4.3% | -35.4% | - | -40.3% | -2.0% | 61.0% | - |
| Net income growth (YoY) | - | - | - | -10.6% | -82.9% | - | 69.8% | 16.1% | 74.7% | - |
| EPS growth (YoY) | - | - | - | -9.4% | -81.0% | - | 70.2% | 17.9% | 75.6% | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | 146.8% | - | - | - | 32.4% | - | 359.3% | - |
| FCF CAGR (5y) | 19.3% | - | 44.1% | 50.4% | - | - | 35.8% | - | 48.8% | - |
| Book value growth (YoY) | 83.3% | 87.0% | 27.3% | 14.4% | 8.9% | 53.4% | 55.3% | - | - | - |
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%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing WORKIVA INC against the 5 most active filers in the same SIC group.