WK Q1 2023 Earnings — Workiva Inc. Revenue & Financial Results | Market Cap Arena

WKWorkiva Inc.

$4B

Q1 2023 Earnings

Technology Software - Application

Income Statement

Revenue

$150M+15.8% YoY

Gross Profit

$112M74.4% margin

Operating Income

-$47M-31.2% margin

Net Income

-$46M-30.7% margin

EPS (Diluted)

$-0.86

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$5M

Stock-Based Comp.

$38M

Balance Sheet

Total Assets

$800M

Total Liabilities

$799M

Stockholders' Equity

$930,000

Cash & Equivalents

$195M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$150M	$130M	+15.8%
Gross Profit	$112M	$99M	+13.0%
Operating Income	-$47M	-$17M	-172.7%
Net Income	-$46M	-$18M	-149.6%

Revenue Segments

License and Service

$130M86%

XBRL Professional Services

$17M11%

Other Services

$4M3%