Revenue and Growth - Total revenues for the three months ended September 30, 2024, were $185.621 million, an increase from $158.175 million in the same period of 2023, representing a growth of 17.4%[70]. - Subscription and support revenue for the three months ended September 30, 2024, was $171.035 million, up from $143.421 million in the same period of 2023, reflecting a growth of 19.3%[70]. - The company reported revenue of $185.6 million and $538.8 million for the three and nine months ended September 30, 2024, respectively, compared to $158.2 million and $463.4 million for the same periods in 2023, representing growth of 17.3% and 16.3%[93]. - Total revenue for the three months ended September 30, 2024, increased by $27.4 million, primarily due to a $27.6 million increase in subscription and support revenue, reflecting a growth rate of 19.3% year-over-year[130]. - Total revenue for the nine months ended September 30, 2024, increased by $75.4 million, primarily due to a $76.9 million increase in subscription and support revenue[131]. - The company expects the revenue growth rate from subscription and support to continue to outpace revenue growth from professional services on an annual basis[130]. Expenses and Costs - Total interest expense for the three months ended September 30, 2024, was $3.003 million, compared to $2.090 million for the same period in 2023[59]. - Stock-based compensation expense for the three months ended September 30, 2024, totaled $27.470 million, compared to $19.377 million for the same period in 2023[64]. - Operating expenses for the three months ended September 30, 2024, totaled $163,732 thousand, representing a 21.0% increase compared to $135,345 thousand in the same period of 2023[135]. - Research and development expenses increased by 16.0% to $48,425 thousand for the three months ended September 30, 2024[135]. - Sales and marketing expenses rose by 23.7% to $89,756 thousand for the three months ended September 30, 2024[135]. - General and administrative expenses increased by $4.5 million (approximately 8.0%) for the three months ended September 30, 2024, mainly due to higher stock-based compensation[140]. Cash and Securities - As of September 30, 2024, total cash equivalents and marketable securities amounted to $637.8 million, with $109.7 million included in cash and cash equivalents[35]. - As of September 30, 2024, the company had cash, cash equivalents, and marketable securities totaling $776.4 million[147]. - Cash flow provided by operating activities was $18.9 million for the three months ended September 30, 2024, compared to $15.0 million for the same period in 2023[151]. - Cash used in investing activities was $49.6 million for the three months ended September 30, 2024, primarily for marketable securities purchases and the acquisition of Sustain.Life[158]. Customer Metrics - The number of customers increased to 6,237 as of September 30, 2024, up from 5,945 in 2023[107]. - Subscription and support revenue retention rate was 97.5% as of September 30, 2024, slightly down from 97.7% in the previous year[109]. - Subscription and support revenue from customers with annual contract value of $100k+ represented 71.8% of total subscription and support revenue for the three months ended September 30, 2024, up from 67.1% in 2023[113]. - Subscription and support revenue retention rate including add-ons was 110.5% as of September 30, 2024, down from 112.0% in the previous year[112]. Acquisitions and Investments - The company acquired Sustain.Life, Inc. for $98.1 million, enhancing its carbon accounting solutions and integrating it with its existing ESG reporting platform[81]. - The company incurred acquisition-related costs of approximately $1.1 million during the nine months ended September 30, 2024, which were expensed as incurred[83]. - The company plans to continue investing in platform development and expanding its sales and marketing efforts in EMEA and APAC regions[103]. Financial Position and Liabilities - Accrued expenses and other current liabilities totaled $111.0 million as of September 30, 2024, compared to $97.9 million as of December 31, 2023[34]. - Estimated health insurance claims decreased from $3.5 million as of December 31, 2023, to $2.4 million as of September 30, 2024[34]. - Customer deposits increased from $24.8 million as of December 31, 2023, to $25.7 million as of September 30, 2024[34]. - The fair value of convertible senior notes due in 2026 and 2028 was $82.4 million and $659.7 million, respectively, classified as Level 2 in the fair value hierarchy[47]. Market and Economic Conditions - The company expects continued volatility in the IPO and SPAC markets to negatively impact new sales of SEC and capital markets solutions in fiscal year 2024[96]. - Market risk exposures have not changed materially since December 31, 2023[169].

orkiva Workiva Inc. Announces Third Quarter 2024 Financial Results • Increased Q3 2024 Subscription & Support Revenue by 19% over Q3 2023 • Total revenue of $186 million in Q3 2024, representing 17% year-over-year growth • Achieved 28% YOY Growth of Customers with Annual Contract Value Over $500K NEW YORK - November 6, 2024 – Workiva Inc. (NYSE:WK), the world's leading cloud platform for assured integrated reporting, today announced financial results for its third quarter ended September 30, 2024. "Workiva ...

Wall Street analysts forecast that Workiva (WK) will report quarterly earnings of $0.23 per share in its upcoming release, pointing to a year-over-year increase of 135.4%. It is anticipated that revenues will amount to $182.5 million, exhibiting an increase of 15.4% compared to the year-ago quarter.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projec ...

Workiva stock might be a great tech opportunity outside of the popular artificial intelligence (AI) space. Software provider Workiva (WK -0.57%) helps organizations aggregate their data for reporting purposes, and it's on the cusp of a major opportunity in the environmental, social, and governance (ESG) space. It's one of the latest technology companies to report its financial results for the quarter ended June 30, and it managed to beat its prior revenue forecast. Workiva stock is trading 54% below its all ...

Workiva Inc. Investor Presentation workiva 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 "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect" and similar expression ...

Workiva Inc. (NYSE:WK) Q2 2024 Earnings Call August 1, 2024 5:00 PM ET Company Participants Mike Rost - Senior Vice President, Corporate Development and Investor Relations Julie Iskow - Chief Executive Officer Jill Klindt - Chief Financial Officer Conference Call Participants Terry Tillman - Truist Securities Rob Oliver - Baird Steve Enders - Citi Jacob Roberge - William Blair Alex Sklar - Raymond James Adam Hotchkiss - Goldman Sachs Ryan Krieger - Wolfe Research Operator Good afternoon, ladies and gentleme ...

For the quarter ended June 2024, Workiva (WK) reported revenue of $177.5 million, up 14.5% over the same period last year. EPS came in at $0.16, compared to $0.02 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $175.04 million, representing a surprise of +1.41%. The company delivered an EPS surprise of -11.11%, with the consensus EPS estimate being $0.18. 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 $0.16 per share, missing the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this maker of software for managing regulatory filings would post earnings of $0.17 per share when it actually produced earnings of $0.22, delivering a surprise of 29.41%. Over th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-36773 WORKIVA INC. (Exact ...

orkiva Workiva Inc. Announces Second Quarter 2024 Financial Results • Increased Q2 2024 Subscription & Support Revenue by 18% over Q2 2023 • Total revenue of $178 million in Q2 2024, representing 15% year-over-year growth • Achieved 31% YOY Growth of Customers with Annual Contract Value Over $300K • Announced inaugural $100 million share repurchase program NEW YORK - August 1, 2024 – Workiva Inc. (NYSE:WK), the world's leading cloud platform for assured integrated reporting, today announced financial result ...