WK (Workiva Inc.) Stock Financials & Earnings | Market Cap Arena

WK (Workiva Inc.) Stock Financials & Earnings | Market Cap Arena

WKWorkiva Inc.

Mkt Cap$4B

Technology·Software - Application·🇺🇸 United States·NYSE

Revenue (TTM)$885M

Net Income (TTM)-$26M

EPS (TTM)-$0.48

Free Cash Flow (TTM)$138M

Gross Margin78.5%

Op. Margin-4.8%

Net Margin-3.0%

FCF Margin15.6%

P/S Ratio (TTM)4.0x

P/E Ratio (TTM)—

YoY Rev Growth+19.7%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$150M	$112M	-$47M
Q2 23	$155M	$116M	-$23M
Q3 23	$158M	$120M	-$16M
Q4 23	$167M	$129M	-$9M
Q1 24	$176M	$134M	-$18M
Q2 24	$178M	$136M	-$23M
Q3 24	$186M	$142M	-$22M
Q4 24	$200M	$154M	-$13M
Q1 25	$206M	$158M	-$25M
Q2 25	$215M	$166M	-$22M
Q3 25	$224M	$178M	-$3M
Q4 25	$239M	$193M	$8M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	6.3x	—
Q2 23	6.0x	—
Q3 23	5.8x	—
Q4 23	5.6x	—
Q1 24	5.4x	—
Q2 24	5.2x	—
Q3 24	5.0x	—
Q4 24	4.8x	—
Q1 25	4.6x	—
Q2 25	4.4x	—
Q3 25	4.2x	—
Q4 25	4.0x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$6M	$5M
Q2 23	$26M	$25M
Q3 23	$15M	$14M
Q4 23	$24M	$24M
Q1 24	$25M	$25M
Q2 24	-$14K	-$163K
Q3 24	$19M	$19M
Q4 24	$44M	$43M
Q1 25	-$7M	-$8M
Q2 25	$50M	$49M
Q3 25	$46M	$46M
Q4 25	$51M	$51M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$277K
Q2 23	$679K
Q3 23	$943K
Q4 23	$460K
Q1 24	$234K
Q2 24	$149K
Q3 24	$287K
Q4 24	$884K
Q1 25	$782K
Q2 25	$995K
Q3 25	$136K
Q4 25	$226K

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+15.8%	+34.2%
Q2 23	+17.8%	+11.2%
Q3 23	+19.1%	+6.6%
Q4 23	+15.9%	+12.1%
Q1 24	+17.0%	-1.6%
Q2 24	+14.5%	+12.9%
Q3 24	+17.4%	+19.4%
Q4 24	+19.9%	+21.1%
Q1 25	+17.4%	+19.1%
Q2 25	+21.2%	+18.3%
Q3 25	+20.8%	+9.7%
Q4 25	+19.5%	+8.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$38M	25.3%
Q2 23	$21M	13.3%
Q3 23	$19M	12.3%
Q4 23	$21M	12.4%
Q1 24	$23M	13.1%
Q2 24	$25M	14.3%
Q3 24	$27M	14.8%
Q4 24	$26M	13.1%
Q1 25	$28M	13.5%
Q2 25	$28M	13.2%
Q3 25	$30M	13.5%
Q4 25	$36M	15.2%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$46M	$42M	$71M
Q2 23	$43M	$24M	$72M
Q3 23	$42M	$21M	$73M
Q4 23	$43M	$24M	$72M
Q1 24	$45M	$24M	$83M
Q2 24	$48M	$26M	$85M
Q3 24	$48M	$26M	$90M
Q4 24	$51M	$27M	$90M
Q1 25	$54M	$27M	$102M
Q2 25	$55M	$29M	$104M
Q3 25	$51M	$29M	$101M
Q4 25	$55M	$28M	$102M

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	15.8%	-27.5%	-11.7
Q2 23	17.8%	-10.1%	7.7
Q3 23	19.1%	-3.6%	15.5
Q4 23	15.9%	2.0%	17.9
Q1 24	17.0%	-3.0%	14.0
Q2 24	14.5%	-5.8%	8.7
Q3 24	17.4%	-5.3%	12.1
Q4 24	19.9%	-0.1%	19.8
Q1 25	17.4%	-12.0%	5.4
Q2 25	21.2%	-5.4%	15.8
Q3 25	20.8%	3.6%	24.4
Q4 25	19.5%	7.6%	27.2

Revenue Segments

Quarter	License and Service	Other Services	XBRL Professional Services	Professional Services
Q1 23	$130M	$4M	$17M	—
Q2 23	$137M	$4M	$14M	—
Q3 23	$143M	$3M	$12M	—
Q4 23	$149M	$4M	$14M	—
Q1 24	$155M	$3M	$18M	—
Q2 24	$161M	$3M	$14M	—
Q3 24	$171M	$3M	$12M	—
Q4 24	$181M	$4M	$15M	—
Q1 25	$186M	—	—	$21M
Q2 25	$198M	$2M	$15M	—
Q3 25	$210M	$3M	$12M	—

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$195M	$244M	$440M
Q2 23	$199M	$267M	$466M
Q3 23	$405M	$378M	$782M
Q4 23	$256M	$558M	$814M
Q1 24	$296M	$542M	$838M
Q2 24	$268M	$473M	$741M
Q3 24	$248M	$528M	$776M
Q4 24	$302M	$515M	$816M
Q1 25	$242M	$525M	$767M
Q2 25	$284M	$529M	$814M
Q3 25	$316M	$541M	$857M
Q4 25	$339M	$553M	$892M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	54M	+0.8%
Q2 23	54M	+0.6%
Q3 23	54M	+0.5%
Q4 23	54M	+0.3%
Q1 24	55M	+0.9%
Q2 24	55M	+0.5%
Q3 24	56M	+0.7%
Q4 24	56M	+0.3%
Q1 25	56M	+0.7%
Q2 25	56M	+0.0%
Q3 25	58M	+3.6%
Q4 25	58M	-0.5%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$118K	953
FY 15	$129K	1K
FY 16	$152K	1K
FY 17	$158K	1K
FY 18	$185K	1K
FY 19	$189K	2K
FY 20	$205K	2K
FY 21	$210K	2K
FY 22	$220K	2K
FY 23	$249K	3K
FY 24	$261K	3K
FY 25	$309K	3K