
Workiva (WK) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income 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
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Revenue | 738.7M | 630.0M | 537.9M | 443.3M | 351.6M |
Cost of Goods Sold | 172.1M | 154.2M | 129.9M | 103.8M | 90.2M |
Gross Profit | 566.6M | 475.8M | 408.0M | 339.5M | 261.4M |
Gross Margin % | 76.7% | 75.5% | 75.9% | 76.6% | 74.4% |
Operating Expenses | |||||
Research & Development | 192.9M | 172.8M | 151.7M | 115.7M | 94.8M |
Selling, General & Administrative | 450.2M | 397.6M | 345.0M | 253.1M | 204.4M |
Other Operating Expenses | - | - | - | - | - |
Total Operating Expenses | 643.2M | 570.3M | 496.8M | 368.8M | 299.2M |
Operating Income | -76.5M | -94.5M | -88.8M | -29.4M | -37.8M |
Operating Margin % | -10.4% | -15.0% | -16.5% | -6.6% | -10.8% |
Non-Operating Items | |||||
Interest Income | 39.4M | 25.9M | 4.9M | 1.0M | 3.3M |
Interest Expense | 12.9M | 53.6M | 6.0M | 14.0M | 14.0M |
Other Non-Operating Income | 563.0K | -1.8M | 926.0K | 3.2M | -205.0K |
Pre-tax Income | -49.4M | -124.1M | -89.0M | -39.1M | -48.7M |
Income Tax | 5.6M | 3.4M | 1.9M | -1.4M | -291.0K |
Effective Tax Rate % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Net Income | -55.0M | -127.5M | -90.9M | -37.7M | -48.4M |
Net Margin % | -7.5% | -20.2% | -16.9% | -8.5% | -13.8% |
Key Metrics | |||||
EBITDA | -25.6M | -59.3M | -72.7M | -19.8M | -30.4M |
EPS (Basic) | $-0.99 | $-2.36 | $-1.72 | $-0.74 | $-1.00 |
EPS (Diluted) | $-0.99 | $-2.36 | $-1.72 | $-0.74 | $-1.00 |
Basic Shares Outstanding | 55355381 | 54099757 | 52954079 | 51126510 | 48448166 |
Diluted Shares Outstanding | 55355381 | 54099757 | 52954079 | 51126510 | 48448166 |
Income Statement Trend
Workiva Balance Sheet From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Assets | |||||
Current Assets | |||||
Cash & Equivalents | 301.8M | 256.1M | 240.2M | 300.4M | 322.8M |
Short-term Investments | 514.6M | 557.6M | 190.6M | 230.1M | 207.2M |
Accounts Receivable | 148.4M | 125.2M | 106.3M | 76.8M | 68.9M |
Inventory | - | - | - | - | - |
Other Current Assets | 22.2M | 23.6M | 18.0M | 15.1M | 9.0M |
Total Current Assets | 1.0B | 1.0B | 600.1M | 657.1M | 633.1M |
Non-Current Assets | |||||
Property, Plant & Equipment | 11.8M | 12.6M | 13.9M | 17.8M | 15.8M |
Goodwill | 421.1M | 247.1M | 247.7M | 79.5M | 1.6M |
Intangible Assets | 27.4M | 22.9M | 28.2M | 10.4M | 1.6M |
Long-term Investments | - | - | - | - | - |
Other Non-Current Assets | 62.4M | 38.0M | 40.5M | 38.1M | 27.1M |
Total Non-Current Assets | 320.2M | 209.9M | 219.5M | 129.7M | 73.9M |
Total Assets | 1.4B | 1.2B | 819.6M | 786.8M | 707.0M |
Liabilities | |||||
Current Liabilities | |||||
Accounts Payable | 7.7M | 5.2M | 6.2M | 4.1M | 2.8M |
Short-term Debt | 5.5M | 5.8M | 6.2M | 306.2M | 6.2M |
Current Portion of Long-term Debt | - | - | - | - | - |
Other Current Liabilities | - | - | - | - | - |
Total Current Liabilities | 592.4M | 484.5M | 406.9M | 646.5M | 281.8M |
Non-Current Liabilities | |||||
Long-term Debt | 787.8M | 787.4M | 366.9M | 31.5M | 323.4M |
Deferred Tax Liabilities | - | - | - | - | - |
Other Non-Current Liabilities | 227.0K | 178.0K | 1.5M | 1.6M | 1.7M |
Total Non-Current Liabilities | 817.7M | 823.8M | 406.7M | 67.3M | 360.9M |
Total Liabilities | 1.4B | 1.3B | 813.6M | 713.8M | 642.7M |
Equity | |||||
Common Stock | 56.0K | 54.0K | 53.0K | 51.0K | 49.0K |
Retained Earnings | -707.7M | -652.6M | -525.1M | -452.4M | -414.7M |
Treasury Stock | - | - | - | - | - |
Other Equity | - | - | - | - | - |
Total Shareholders Equity | -41.7M | -89.4M | 6.0M | 73.0M | 64.3M |
Key Metrics | |||||
Total Debt | 793.3M | 793.2M | 373.2M | 337.7M | 329.6M |
Working Capital | 455.8M | 524.4M | 193.1M | 10.6M | 351.3M |
Balance Sheet Composition
Workiva Cash Flow Statement From 2020 to 2024
Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
---|---|---|---|---|---|
Operating Activities | |||||
Net Income | -55.0M | -127.5M | -90.9M | -37.7M | -48.4M |
Depreciation & Amortization | 11.0M | 11.1M | 10.2M | 5.2M | 4.3M |
Stock-Based Compensation | 102.2M | 98.8M | 70.7M | 48.6M | 45.8M |
Working Capital Changes | 17.6M | 42.0M | 22.7M | 19.2M | 7.9M |
Operating Cash Flow | 77.6M | 71.2M | 14.5M | 42.5M | 18.4M |
Investing Activities | |||||
Capital Expenditures | -1.4M | -2.1M | -3.5M | -3.5M | -1.9M |
Acquisitions | -98.1M | 0 | -99.2M | -37.5M | 0 |
Investment Purchases | -402.2M | -573.3M | -130.8M | -170.1M | -175.9M |
Investment Sales | 456.6M | 218.4M | 165.5M | 143.4M | 74.3M |
Investing Cash Flow | -45.1M | -357.0M | -67.9M | -68.4M | -103.5M |
Financing Activities | |||||
Share Repurchases | - | - | - | - | - |
Dividends Paid | - | - | - | - | - |
Debt Issuance | 0 | 691.1M | 0 | 0 | 0 |
Debt Repayment | -532.0K | -397.4M | -1.6M | -1.7M | -1.6M |
Financing Cash Flow | -12.0M | 284.3M | -14.1M | -28.8M | -15.3M |
Free Cash Flow | 86.2M | 68.5M | 7.7M | 46.1M | 31.1M |
Net Change in Cash | 20.5M | -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
Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
---|---|---|---|---|---|---|
wk | 4.3B | -80.79 | - | 132.05% | -8.25% | -11.93 |
Salesforce | 235.0B | 38.47 | 3.88 | 10.31% | 16.08% | 19.81 |
Uber Technologies | 201.8B | 16.49 | 8.94 | 67.49% | 26.68% | 52.23 |
Paylocity Holding | 9.8B | 44.28 | 7.99 | 20.04% | 14.24% | 14.09 |
Appfolio | 9.9B | 49.79 | 21.66 | 49.12% | 23.54% | 8.70 |
Altair Engineering | 9.6B | 699.06 | 11.17 | 1.81% | 2.13% | 30.23 |
Financial data is updated regularly. All figures are in the company's reporting currency.