TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 206.3M
Gross Profit 157.9M 76.56%
Operating Income -24.8M -12.00%
Net Income -21.4M -10.36%
EPS (Diluted) $-0.38

Balance Sheet Metrics

Total Assets 1.3B
Total Liabilities 1.4B
Shareholders Equity -75.7M

Cash Flow Metrics

Operating Cash Flow 33.7M
Free Cash Flow -8.1M

Revenue & Profitability Trend

Workiva Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i738.7M630.0M537.9M443.3M351.6M
Cost of Goods Sold i172.1M154.2M129.9M103.8M90.2M
Gross Profit i566.6M475.8M408.0M339.5M261.4M
Gross Margin % i76.7%75.5%75.9%76.6%74.4%
Operating Expenses
Research & Development i192.9M172.8M151.7M115.7M94.8M
Selling, General & Administrative i450.2M397.6M345.0M253.1M204.4M
Other Operating Expenses i-----
Total Operating Expenses i643.2M570.3M496.8M368.8M299.2M
Operating Income i-76.5M-94.5M-88.8M-29.4M-37.8M
Operating Margin % i-10.4%-15.0%-16.5%-6.6%-10.8%
Non-Operating Items
Interest Income i39.4M25.9M4.9M1.0M3.3M
Interest Expense i12.9M53.6M6.0M14.0M14.0M
Other Non-Operating Income563.0K-1.8M926.0K3.2M-205.0K
Pre-tax Income i-49.4M-124.1M-89.0M-39.1M-48.7M
Income Tax i5.6M3.4M1.9M-1.4M-291.0K
Effective Tax Rate % i0.0%0.0%0.0%0.0%0.0%
Net Income i-55.0M-127.5M-90.9M-37.7M-48.4M
Net Margin % i-7.5%-20.2%-16.9%-8.5%-13.8%
Key Metrics
EBITDA i-25.6M-59.3M-72.7M-19.8M-30.4M
EPS (Basic) i$-0.99$-2.36$-1.72$-0.74$-1.00
EPS (Diluted) i$-0.99$-2.36$-1.72$-0.74$-1.00
Basic Shares Outstanding i5535538154099757529540795112651048448166
Diluted Shares Outstanding i5535538154099757529540795112651048448166

Income Statement Trend

Workiva Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i301.8M256.1M240.2M300.4M322.8M
Short-term Investments i514.6M557.6M190.6M230.1M207.2M
Accounts Receivable i148.4M125.2M106.3M76.8M68.9M
Inventory i-----
Other Current Assets22.2M23.6M18.0M15.1M9.0M
Total Current Assets i1.0B1.0B600.1M657.1M633.1M
Non-Current Assets
Property, Plant & Equipment i11.8M12.6M13.9M17.8M15.8M
Goodwill i421.1M247.1M247.7M79.5M1.6M
Intangible Assets i27.4M22.9M28.2M10.4M1.6M
Long-term Investments-----
Other Non-Current Assets62.4M38.0M40.5M38.1M27.1M
Total Non-Current Assets i320.2M209.9M219.5M129.7M73.9M
Total Assets i1.4B1.2B819.6M786.8M707.0M
Liabilities
Current Liabilities
Accounts Payable i7.7M5.2M6.2M4.1M2.8M
Short-term Debt i5.5M5.8M6.2M306.2M6.2M
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i592.4M484.5M406.9M646.5M281.8M
Non-Current Liabilities
Long-term Debt i787.8M787.4M366.9M31.5M323.4M
Deferred Tax Liabilities i-----
Other Non-Current Liabilities227.0K178.0K1.5M1.6M1.7M
Total Non-Current Liabilities i817.7M823.8M406.7M67.3M360.9M
Total Liabilities i1.4B1.3B813.6M713.8M642.7M
Equity
Common Stock i56.0K54.0K53.0K51.0K49.0K
Retained Earnings i-707.7M-652.6M-525.1M-452.4M-414.7M
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i-41.7M-89.4M6.0M73.0M64.3M
Key Metrics
Total Debt i793.3M793.2M373.2M337.7M329.6M
Working Capital i455.8M524.4M193.1M10.6M351.3M

Balance Sheet Composition

Workiva Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i-55.0M-127.5M-90.9M-37.7M-48.4M
Depreciation & Amortization i11.0M11.1M10.2M5.2M4.3M
Stock-Based Compensation i102.2M98.8M70.7M48.6M45.8M
Working Capital Changes i17.6M42.0M22.7M19.2M7.9M
Operating Cash Flow i77.6M71.2M14.5M42.5M18.4M
Investing Activities
Capital Expenditures i-1.4M-2.1M-3.5M-3.5M-1.9M
Acquisitions i-98.1M0-99.2M-37.5M0
Investment Purchases i-402.2M-573.3M-130.8M-170.1M-175.9M
Investment Sales i456.6M218.4M165.5M143.4M74.3M
Investing Cash Flow i-45.1M-357.0M-67.9M-68.4M-103.5M
Financing Activities
Share Repurchases i-----
Dividends Paid i-----
Debt Issuance i0691.1M000
Debt Repayment i-532.0K-397.4M-1.6M-1.7M-1.6M
Financing Cash Flow i-12.0M284.3M-14.1M-28.8M-15.3M
Free Cash Flow i86.2M68.5M7.7M46.1M31.1M
Net Change in Cash i20.5M-1.5M-67.5M-54.8M-100.3M

Cash Flow Trend

Workiva Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) -80.79
Forward P/E 58.65
Price to Sales 5.33
PEG Ratio 58.65

Profitability Ratios

Profit Margin -8.25%
Operating Margin -10.29%
Return on Equity 132.05%
Return on Assets -3.75%

Financial Health

Current Ratio 1.54
Debt to Equity -11.93
Beta 0.86

Per Share Data

EPS (TTM) $-1.19
Book Value per Share $-1.19
Revenue per Share $14.44

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
wk4.3B-80.79-132.05%-8.25%-11.93
Salesforce 235.0B38.473.8810.31%16.08%19.81
Uber Technologies 201.8B16.498.9467.49%26.68%52.23
Paylocity Holding 9.8B44.287.9920.04%14.24%14.09
Appfolio 9.9B49.7921.6649.12%23.54%8.70
Altair Engineering 9.6B699.0611.171.81%2.13%30.23

Financial data is updated regularly. All figures are in the company's reporting currency.