Workiva (WK) is set to play a key role in the U.S. federal government’s financial modernization efforts. The company is the only financial reporting and Governance, Risk, and Compliance platform sanctioned by the United States.Under a new executive order, all federal agencies are required to consolidate their core financial systems within 180 days of March 25, 2025. The directive aims to boost transparency, reduce fraud and enhance reporting efficiency using solutions approved by the FM QSMO. To comply with ...

Core Insights - Kaskela Law LLC is investigating Workiva Inc. on behalf of long-term investors due to a significant decline in the company's stock price [1][2] - Since January 2025, Workiva's stock has dropped over 38%, from above $113.00 per share to below $70.00 per share [2] Investigation Details - The investigation aims to determine if Workiva and its officers and directors violated securities laws or breached fiduciary duties to investors related to recent corporate actions [2] - Shareholders are encouraged to contact Kaskela Law LLC for information regarding their legal rights and options [3]

Over the past month, the market has been driven primarily by fear. Investors rushed out of stocks and clamored to buy international stocks and gold as a bulwark against President Trump's rising trade war. And while I agree with the diversification moves, I alsoWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He ...

Core Viewpoint - Workiva has reported strong financial results for Q4 2024, showcasing accelerating revenue growth and a positive outlook from analysts, despite its stock being significantly below its all-time high [2][3][14] Financial Performance - Workiva generated $199.9 million in total revenue during Q4 2024, representing a 20% increase year-over-year, marking the second consecutive quarter of accelerating growth [9] - The company's net revenue retention rate increased by 2 percentage points to 112%, with 70% of customers now using at least two products, up from 64% a year ago [10] - Workiva ended Q4 with 6,305 total customers, a 4.3% year-over-year increase, with significant growth in customers with higher annual contract values [11] - The company reported a net loss of $55 million for 2024, a 56% reduction from the $127.5 million loss in 2023, indicating improved expense management [11] - On a non-GAAP basis, Workiva was profitable in 2024, with a profit of $53.5 million, a positive shift from a $22.8 million loss in 2023 [12] Market Opportunity - Workiva is addressing a significant opportunity in the ESG reporting space, which could be worth nearly $15 billion annually according to PwC [7] - The company values its total addressable market at $35 billion across various reporting and compliance areas, while its current market capitalization is less than $5 billion, indicating substantial growth potential [14] Analyst Sentiment - The Wall Street Journal reports that 11 analysts cover Workiva stock, with 8 assigning the highest buy rating and an average price target of $119.78, suggesting a potential 39% increase over the next 12 to 18 months [13] - The highest target of $132 implies a possible 52% increase, reflecting strong bullish sentiment among analysts [13]

Workiva (WK 5.41%) stock is posting big gains in Wednesday's trading. The company's share price was up 5.5% as of 3:25 p.m. ET and had been up as much as 9.3% earlier in the day's trading.Workiva's valuation is climbing higher following the company's recent fourth-quarter report. The software specialist published its Q4 results before the market opened this morning, posting sales that came in ahead of the market's expectations.Workiva stock jumps on strong Q4 reportFor the fourth quarter, Workiva posted non ...

Workiva (WK) reported $199.89 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 20%. EPS of $0.33 for the same period compares to $0.30 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $195.27 million, representing a surprise of +2.37%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.33.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...

Workiva (WK) came out with quarterly earnings of $0.33 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this maker of software for managing regulatory filings would post earnings of $0.23 per share when it actually produced earnings of $0.21, delivering a surprise of -8.70%.Over the last four quarters, the company has surpassed consensus EPS estimates just once ...

Workiva Inc. (NYSE:WK) Q4 2024 Earnings Conference Call February 25, 2025 5:00 PM ET Company Participants Katie White - Senior Director, Investor Relations Julie Iskow - Chief Executive Officer Jill Klindt - Chief Financial Officer Conference Call Participants Rob Oliver - Baird Alex Sklar - Raymond James Dominique Manansala - Truist Adam Hotchkiss - Goldman Sachs Daniel Jester - BMO George Kurosawa - Citi Jake Roberge - William Blair Operator Good afternoon, ladies and gentlemen. My name is Nick, and I wil ...

Workiva Inc. Investor Presentation February 25, 2025 Safe Harbor This presentation includes forward-looking statements. All statements contained in this presentation other than statements of historical facts, including any statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "may," "will," "could," "would," "should," "expect," "plan," "assume," "anticipate," "intend," ...

Revenue Growth - Workiva's total revenue increased to $738.7 million in 2024, up 17.2% from $630.0 million in 2023[236] - Subscription and support revenue reached $667.6 million in 2024, reflecting a year-over-year increase of 19.5%[249] - Total revenue for 2024 increased by $108.6 million, or 17.2%, to $738.7 million compared to 2023, driven primarily by a $109.0 million increase in subscription and support revenue[268] - Subscription and support revenue accounted for 90.4% of total revenue in 2024, up from 88.7% in 2023[267] - Total revenue for the year ended December 31, 2024, was $738.68 million, a 17.2% increase from $630.04 million in 2023[338] - Subscription and support revenue increased to $667.65 million in 2024, up 19.5% from $558.65 million in 2023[338] Customer Metrics - The number of customers grew to 6,305 in 2024, compared to 6,034 in 2023, indicating a steady increase in customer base[249] - The total number of customers increased by 4.5% from December 31, 2023, to December 31, 2024, indicating continued demand for the company's services[268] Retention Rates - The gross retention rate was 97.4% as of December 31, 2024, down from 97.9% in 2023, while the net retention rate improved to 111.9% from 110.3%[251][253] - Workiva's annual contract value (ACV) metrics showed that 71.2% of subscription and support revenue came from customers with an annual contract value of $100k+, up from 66.3% in 2023[255] Employee Growth - The company expanded its full-time employee headcount to 2,828 in 2024, a 12.0% increase from 2,526 in 2023[236] Financial Performance - The net loss for 2024 was $55.0 million, an improvement from a net loss of $127.5 million in 2023[266] - Gross profit margin improved to 76.7% in 2024 from 75.6% in 2023, reflecting better cost management[267] - Operating expenses rose to $643.16 million in 2024, up 12.7% from $570.34 million in 2023, driven by increased research and development and sales and marketing costs[338] Investment and Expenses - Research and development expenses rose by $20.1 million, or 11.7%, to $192.9 million in 2024, mainly due to increased compensation and professional service fees[271] - Sales and marketing expenses increased by $60.2 million, or 21.0%, to $347.2 million in 2024, driven by higher compensation and marketing costs[272] - General and administrative expenses decreased by $7.5 million, or 6.8%, to $103.0 million in 2024, primarily due to lower stock-based compensation[273] Cash Flow and Liquidity - Cash flow from operating activities for the year ended December 31, 2024 was $87.7 million, an increase from $70.9 million in 2023[280][282] - As of December 31, 2024, the company's liquidity sources included cash, cash equivalents, and marketable securities totaling $816.4 million[276] - The company's cash and cash equivalents increased from $256.1 million in 2023 to $301.8 million in 2024, representing an increase of approximately 17.8%[334] Debt and Financing - The company issued $702.0 million of 1.250% convertible senior notes due 2028, with net proceeds of $691.1 million, and used $396.9 million to repurchase $273.8 million of 1.125% convertible senior notes due 2026[277] - The board authorized a share repurchase program for up to $100.0 million of Class A common stock, but no repurchases had been made as of December 31, 2024[278] - Total contractual obligations as of December 31, 2024, amounted to $1,004.4 million, with $809.9 million related to convertible senior notes[288] Market and Economic Conditions - The company faces potential impacts on sales of sustainability solutions due to domestic and global policy uncertainties[238] Asset and Liability Management - The company's total assets increased from $1,218.9 million in 2023 to $1,368.5 million in 2024, marking a growth of approximately 12.3%[334] - The total liabilities increased from $1,308.3 million in 2023 to $1,410.2 million in 2024, which is an increase of about 7.8%[335] - The accumulated deficit grew from $652.6 million in 2023 to $707.7 million in 2024, indicating an increase of approximately 8.4%[335] Deferred Revenue - Deferred revenue increased from $380.8 million in 2023 to $457.6 million in 2024, reflecting a growth of about 20.2%[335] - Deferred revenue increased to $73.84 million in 2024, up from $60.11 million in 2023, indicating strong future revenue potential[348] Other Financial Metrics - Interest income increased by $13.5 million to $39.4 million in 2024, attributed to a higher investment balance and interest rates[274] - The company recognized foreign currency transaction losses of $551,000 in 2024, compared to losses of $1,154,000 in 2023[302]