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Why Workiva Stock Rocketed More Than 31% Higher Today
The Motley Foolยท 2025-08-01 20:20
Core Insights - Workiva's stock surged by over 30% in a single trading session following a strong quarterly earnings report, contrasting with a general market decline where the S&P 500 fell by 1.6% [1] Financial Performance - Workiva reported second-quarter revenue of $215 million, marking a 21% increase compared to the same period in 2024, exceeding analyst expectations of under $209 million [2] - Subscription and support revenue contributed significantly, rising 23% to $198 million [2] - The company reported non-GAAP net income of $11 million ($0.19 per share), a 22% increase year-over-year, surpassing analyst expectations of $0.05 per share [4] Future Guidance - Workiva's revenue guidance for the upcoming period is projected between $870 million and $873 million, exceeding the consensus estimate of slightly over $866 million and representing at least an 18% increase over the actual full-year 2024 results [4] - The forecast for adjusted profitability in 2025 is set at $1.31 to $1.38 per share, which is above the average analyst estimate of $1.04 and significantly higher than the previous year's figure of $0.94 [5]