What is Workiva Inc's earnings per share (EPS)?

Workiva Inc (WK) reported diluted earnings per share of $-0.47 for fiscal year 2025. This represents a 52.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Workiva Inc Financials

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Workiva Inc (WK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 42/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Workiva Inc has an operating margin of -4.8%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 12/100, suggesting thin profitability after operating expenses. This is up from -10.4% the prior year.

Growth

Workiva Inc's revenue surged 19.7% year-over-year to $884.6M, reflecting rapid business expansion. This strong growth earns a score of 66/100.

Liquidity

Workiva Inc's current ratio of 1.57 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 27/100, which could limit financial flexibility.

Cash Flow

Workiva Inc has a free cash flow margin of 15.6%, earning a moderate score of 64/100. The company generates positive cash flow after capital investments, but with room for improvement.

Piotroski F-Score Neutral

5/9

Workiva Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-5.35x

For every $1 of reported earnings, Workiva Inc generates $-5.35 in operating cash flow ($140.1M OCF vs -$26.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk

-3.5x

Workiva Inc earns $-3.5 in operating income for every $1 of interest expense (-$42.4M vs $12.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue

$884.6M

YoY+19.7%

5Y CAGR+20.3%

10Y CAGR+19.8%

Workiva Inc generated $884.6M in revenue in fiscal year 2025. This represents an increase of 19.7% from the prior year.

EBITDA

-$31.5M

YoY+52.0%

Workiva Inc's EBITDA was -$31.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 52.0% from the prior year.

Net Income

-$26.2M

YoY+52.5%

Workiva Inc reported -$26.2M in net income in fiscal year 2025. This represents an increase of 52.5% from the prior year.

EPS (Diluted)

$-0.47

YoY+52.5%

Workiva Inc earned $-0.47 per diluted share (EPS) in fiscal year 2025. This represents an increase of 52.5% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$138.0M

YoY+59.8%

5Y CAGR+34.5%

Workiva Inc generated $138.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 59.8% from the prior year.

Cash & Debt

$338.8M

YoY+12.2%

5Y CAGR+1.0%

10Y CAGR+19.1%

Workiva Inc held $338.8M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

78.5%

YoY+1.8pp

5Y CAGR+4.1pp

10Y CAGR+6.1pp

Workiva Inc's gross margin was 78.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 1.8 percentage points from the prior year.

Operating Margin

-4.8%

YoY+5.6pp

5Y CAGR+5.9pp

10Y CAGR+25.3pp

Workiva Inc's operating margin was -4.8% in fiscal year 2025, reflecting core business profitability. This is up 5.6 percentage points from the prior year.

Net Margin

-3.0%

YoY+4.5pp

5Y CAGR+10.8pp

10Y CAGR+26.9pp

Workiva Inc's net profit margin was -3.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 4.5 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$214.8M

YoY+11.4%

5Y CAGR+17.8%

10Y CAGR+15.6%

Workiva Inc invested $214.8M in research and development in fiscal year 2025. This represents an increase of 11.4% from the prior year.

Share Buybacks

$71.6M

Workiva Inc spent $71.6M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$2.1M

YoY+52.2%

5Y CAGR+2.1%

10Y CAGR+1.2%

Workiva Inc invested $2.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 52.2% from the prior year.

WK Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$884.6M+19.7%	$738.7M+17.2%	$630.0M+17.1%	$537.9M+21.3%	$443.3M+26.1%	$351.6M
Cost of Revenue	$190.4M+10.7%	$172.1M+11.6%	$154.2M+18.7%	$129.9M+25.1%	$103.8M+15.1%	$90.2M
Gross Profit	$694.1M+22.5%	$566.6M+19.1%	$475.8M+16.6%	$408.0M+20.2%	$339.5M+29.9%	$261.4M
R&D Expenses	$214.8M+11.4%	$192.9M+11.7%	$172.8M+13.9%	$151.7M+31.1%	$115.7M+22.0%	$94.8M
SG&A Expenses	$112.9M+9.6%	$103.0M-6.8%	$110.5M+10.8%	$99.8M+34.3%	$74.3M+24.5%	$59.7M
Operating Income	-$42.4M+44.5%	-$76.5M+19.0%	-$94.5M-6.5%	-$88.8M-202.4%	-$29.4M+22.3%	-$37.8M
Interest Expense	$12.0M+0.1%	$12.0M-77.6%	$53.6M+787.8%	$6.0M-56.9%	$14.0M+0.4%	$14.0M
Income Tax	$3.8M-33.0%	$5.6M+63.4%	$3.4M+76.0%	$1.9M+242.1%	-$1.4M-370.8%	-$291K
Net Income	-$26.2M+52.5%	-$55.0M+56.8%	-$127.5M-40.2%	-$90.9M-141.0%	-$37.7M+22.0%	-$48.4M
EPS (Diluted)	$-0.47+52.5%	$-0.99+58.1%	$-2.36-37.2%	$-1.72-132.4%	$-0.74+26.0%	$-1.00

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$238.9M+6.6%	$224.2M+4.2%	$215.2M+4.3%	$206.3M+3.2%	$199.9M+7.7%	$185.6M+4.6%	$177.5M+1.0%	$175.7M
Cost of Revenue	$46.2M-0.5%	$46.4M-6.4%	$49.5M+2.5%	$48.3M+5.8%	$45.7M+4.6%	$43.7M+6.1%	$41.2M-0.8%	$41.5M
Gross Profit	$192.8M+8.4%	$177.8M+7.3%	$165.6M+4.9%	$157.9M+2.4%	$154.2M+8.6%	$141.9M+4.1%	$136.3M+1.6%	$134.1M
R&D Expenses	$54.8M+6.6%	$51.4M-6.3%	$54.8M+2.0%	$53.8M+6.3%	$50.6M+4.5%	$48.4M0.0%	$48.4M+6.4%	$45.5M
SG&A Expenses	$28.0M-2.2%	$28.7M-0.9%	$28.9M+6.2%	$27.2M+1.8%	$26.8M+4.7%	$25.6M-3.1%	$26.4M+8.5%	$24.3M
Operating Income	$7.9M+330.8%	-$3.4M+84.6%	-$22.1M+10.5%	-$24.8M-85.8%	-$13.3M+38.8%	-$21.8M+5.9%	-$23.1M-26.6%	-$18.3M
Interest Expense	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M0.0%	$3.0M
Income Tax	$772K+223.3%	-$626K-137.5%	$1.7M-14.0%	$1.9M-21.6%	$2.5M+158.2%	$959K-34.0%	$1.5M+103.8%	$713K
Net Income	$11.8M+324.1%	$2.8M+114.4%	-$19.4M+9.2%	-$21.4M-142.4%	-$8.8M+48.1%	-$17.0M+3.2%	-$17.5M-50.1%	-$11.7M
EPS (Diluted)	N/A	$0.05+114.3%	$-0.35+7.9%	$-0.38	N/A	$-0.31+3.1%	$-0.32-52.4%	$-0.21

WK Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.5B+9.1%	$1.4B+12.3%	$1.2B+48.7%	$819.6M+4.2%	$786.8M+11.3%	$707.0M
Current Assets	$1.2B+10.9%	$1.0B+3.9%	$1.0B+68.1%	$600.1M-8.7%	$657.1M+3.8%	$633.1M
Cash & Equivalents	$338.8M+12.2%	$301.8M+17.9%	$256.1M+6.6%	$240.2M-20.0%	$300.4M-7.0%	$322.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$169.0M+13.8%	$148.4M+18.6%	$125.2M+17.8%	$106.3M+38.3%	$76.8M+11.5%	$68.9M
Goodwill	$206.2M+4.7%	$196.8M+75.6%	$112.1M+2.1%	$109.7M+217.6%	$34.6M	$0
Total Liabilities	$1.5B+6.3%	$1.4B+7.8%	$1.3B+60.8%	$813.6M+14.0%	$713.8M+11.1%	$642.7M
Current Liabilities	$741.7M+25.2%	$592.4M+22.3%	$484.5M+19.1%	$406.9M-37.1%	$646.5M+129.4%	$281.8M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$5.4M+87.0%	-$41.7M+53.4%	-$89.4M-1594.1%	$6.0M-91.8%	$73.0M+13.5%	$64.3M
Retained Earnings	-$733.9M-3.7%	-$707.7M-8.4%	-$652.6M-24.3%	-$525.1M-16.1%	-$452.4M-9.1%	-$414.7M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.5B+5.8%	$1.4B+4.9%	$1.3B+4.0%	$1.3B-5.5%	$1.4B+5.1%	$1.3B+4.8%	$1.2B+3.4%	$1.2B
Current Assets	$1.2B+6.4%	$1.1B+6.8%	$1.0B+5.0%	$974.3M-7.1%	$1.0B+6.0%	$988.7M+6.0%	$932.4M-6.5%	$997.0M
Cash & Equivalents	$338.8M+7.2%	$315.9M+11.1%	$284.3M+17.4%	$242.0M-19.8%	$301.8M+21.6%	$248.2M-7.3%	$267.9M-9.5%	$296.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$169.0M+17.0%	$144.4M+18.8%	$121.6M+2.5%	$118.6M-20.1%	$148.4M+7.6%	$137.9M+13.6%	$121.4M+38.1%	$87.9M
Goodwill	$206.2M+0.1%	$206.0M0.0%	$206.0M+3.1%	$199.7M+1.5%	$196.8M-2.6%	$202.1M+1.5%	$199.2M+80.6%	$110.3M
Total Liabilities	$1.5B+3.5%	$1.4B+2.5%	$1.4B+3.1%	$1.4B-2.9%	$1.4B+4.2%	$1.4B+2.5%	$1.3B+2.8%	$1.3B
Current Liabilities	$741.7M+7.1%	$692.5M+4.6%	$662.3M+21.0%	$547.3M-7.6%	$592.4M+9.9%	$539.2M+6.5%	$506.2M+8.4%	$466.9M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	-$5.4M+85.3%	-$36.9M+44.5%	-$66.5M+12.2%	-$75.7M-81.7%	-$41.7M+18.0%	-$50.8M+34.6%	-$77.7M+6.5%	-$83.2M
Retained Earnings	-$733.9M+1.6%	-$745.7M+0.4%	-$748.5M-2.7%	-$729.1M-3.0%	-$707.7M-1.3%	-$698.9M-2.5%	-$681.9M-2.6%	-$664.3M

WK Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$140.1M+59.7%	$87.7M+23.7%	$70.9M+525.3%	$11.3M-77.3%	$49.8M+49.9%	$33.2M
Capital Expenditures	$2.1M+52.2%	$1.4M-35.8%	$2.1M-38.6%	$3.5M-2.2%	$3.5M+88.7%	$1.9M
Free Cash Flow	$138.0M+59.8%	$86.3M+25.6%	$68.8M+772.9%	$7.9M-83.0%	$46.3M+47.6%	$31.4M
Investing Cash Flow	-$35.0M+22.8%	-$45.2M+87.3%	-$357.3M-425.3%	-$68.0M+0.9%	-$68.6M+33.8%	-$103.8M
Financing Cash Flow	-$74.9M-1211.8%	$6.7M-97.8%	$301.3M+19083.3%	-$1.6M+53.2%	-$3.4M-130.5%	$11.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$71.6M	$0	$0	N/A	N/A	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$51.0M+10.4%	$46.2M-8.3%	$50.3M+783.8%	-$7.4M-116.7%	$44.0M+132.6%	$18.9M+135142.9%	-$14K-100.1%	$24.8M
Capital Expenditures	$226K+148.4%	$91K-90.9%	$995K+30.4%	$763K-5.7%	$809K+232.9%	$243K+125.0%	$108K-46.8%	$203K
Free Cash Flow	$50.7M+10.1%	$46.1M-6.6%	$49.3M+707.3%	-$8.1M-118.8%	$43.2M+131.3%	$18.7M+15397.5%	-$122K-100.5%	$24.6M
Investing Cash Flow	-$11.4M-13.1%	-$10.1M-136.0%	-$4.3M+53.1%	-$9.1M-168.9%	$13.2M+126.7%	-$49.6M-88.6%	-$26.3M-250.8%	$17.4M
Financing Cash Flow	-$17.5M-389.3%	-$3.6M+59.9%	-$8.9M+80.2%	-$45.0M-5256.0%	$873K-89.9%	$8.7M+685.4%	-$1.5M-11.8%	-$1.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$11.5M+15.1%	$10.0M0.0%	$10.0M-75.1%	$40.1M	$0	$0	$0	$0

WK Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	78.5%+1.8pp	76.7%+1.2pp	75.5%-0.3pp	75.8%-0.7pp	76.6%+2.2pp	74.4%
Operating Margin	-4.8%+5.6pp	-10.4%+4.6pp	-15.0%+1.5pp	-16.5%-9.9pp	-6.6%+4.1pp	-10.8%
Net Margin	-3.0%+4.5pp	-7.4%+12.8pp	-20.2%-3.3pp	-16.9%-8.4pp	-8.5%+5.3pp	-13.8%
Return on Equity	N/A	N/A	N/A	-1520.1%-1468.4pp	-51.7%+23.6pp	-75.3%
Return on Assets	-1.8%+2.3pp	-4.0%+6.4pp	-10.5%+0.6pp	-11.1%-6.3pp	-4.8%+2.1pp	-6.9%
Current Ratio	1.57-0.2	1.77-0.3	2.08+0.6	1.47+0.5	1.02-1.2	2.25
Debt-to-Equity	-275.76-241.9	-33.83-19.2	-14.64-150.6	135.99+126.2	9.78-0.2	10.00
FCF Margin	15.6%+3.9pp	11.7%+0.8pp	10.9%+9.4pp	1.5%-9.0pp	10.4%+1.5pp	8.9%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	80.7%+1.4pp	79.3%+2.3pp	77.0%+0.4pp	76.6%-0.6pp	77.1%+0.7pp	76.5%-0.3pp	76.8%+0.4pp	76.4%
Operating Margin	3.3%+4.8pp	-1.5%+8.8pp	-10.3%+1.7pp	-12.0%-5.3pp	-6.7%+5.1pp	-11.7%+1.3pp	-13.0%-2.6pp	-10.4%
Net Margin	5.0%+3.7pp	1.2%+10.3pp	-9.0%+1.3pp	-10.4%-5.9pp	-4.4%+4.7pp	-9.2%+0.7pp	-9.9%-3.2pp	-6.7%
Return on Equity	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	0.8%+0.6pp	0.2%+1.6pp	-1.4%+0.2pp	-1.7%-1.0pp	-0.6%+0.7pp	-1.3%+0.1pp	-1.4%-0.4pp	-1.0%
Current Ratio	1.57-0.0	1.58+0.0	1.54-0.2	1.78+0.0	1.77-0.1	1.830.0	1.84-0.3	2.14
Debt-to-Equity	-275.76-236.5	-39.22-18.0	-21.23-3.1	-18.08+15.7	-33.83-7.2	-26.63-9.6	-16.98-1.5	-15.45
FCF Margin	21.2%+0.7pp	20.5%-2.4pp	22.9%+26.9pp	-3.9%-25.5pp	21.6%+11.5pp	10.1%+10.1pp	-0.1%-14.1pp	14.0%

Note: Shareholder equity is negative (-$5.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Workiva Inc's annual revenue?

Workiva Inc (WK) reported $884.6M in total revenue for fiscal year 2025. This represents a 19.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Workiva Inc's revenue growing?

Workiva Inc (WK) revenue grew by 19.7% year-over-year, from $738.7M to $884.6M in fiscal year 2025.

Is Workiva Inc profitable?

No, Workiva Inc (WK) reported a net income of -$26.2M in fiscal year 2025, with a net profit margin of -3.0%.

What is Workiva Inc's EBITDA?

Workiva Inc (WK) had EBITDA of -$31.5M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Workiva Inc's gross margin?

Workiva Inc (WK) had a gross margin of 78.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Workiva Inc's operating margin?

Workiva Inc (WK) had an operating margin of -4.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Workiva Inc's net profit margin?

Workiva Inc (WK) had a net profit margin of -3.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Workiva Inc's free cash flow?

Workiva Inc (WK) generated $138.0M in free cash flow during fiscal year 2025. This represents a 59.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Workiva Inc's operating cash flow?

Workiva Inc (WK) generated $140.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Workiva Inc's total assets?

Workiva Inc (WK) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Workiva Inc's capital expenditures?

Workiva Inc (WK) invested $2.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Workiva Inc spend on research and development?

Workiva Inc (WK) invested $214.8M in research and development during fiscal year 2025.

Does Workiva Inc buy back shares?

Yes, Workiva Inc (WK) spent $71.6M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

What is Workiva Inc's current ratio?

Workiva Inc (WK) had a current ratio of 1.57 as of fiscal year 2025, which is generally considered healthy.

What is Workiva Inc's debt-to-equity ratio?

Workiva Inc (WK) had a debt-to-equity ratio of -275.76 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Workiva Inc's return on assets (ROA)?

Workiva Inc (WK) had a return on assets of -1.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Why is Workiva Inc's debt-to-equity ratio negative or unusual?

Workiva Inc (WK) has negative shareholder equity of -$5.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Workiva Inc's Piotroski F-Score?

Workiva Inc (WK) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Workiva Inc's earnings high quality?

Workiva Inc (WK) has an earnings quality ratio of -5.35x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Workiva Inc cover its interest payments?

Workiva Inc (WK) has an interest coverage ratio of -3.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Workiva Inc?

Workiva Inc (WK) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.