Workiva Inc Stock Price, News & Analysis

Irenic Capital Management (2% stakeholder) has issued a presentation addressing Workiva's (NYSE: WK) underperformance and proposing value creation strategies. The investment firm emphasizes Workiva's strong fundamentals, including market-leading products, recurring revenue, and high gross margins, despite trading at a discount to peers.

Irenic calls for significant changes, including Board refresh and implementation of a "Rule of 40" operating model to balance growth with profitability. The firm recommends two primary pathways: becoming a more profitable public company or pursuing a potential sale to a sponsor or strategic buyer.

Workiva (NYSE:WK) announced a significant expansion of its AI-powered platform at Amplify, introducing new intelligent capabilities for finance, GRC (Governance, Risk, and Compliance), and sustainability teams. The enhanced platform features agentic AI, unified data automation, and modernized controls specifically designed for the Office of the CFO.

The platform's new AI capabilities have already demonstrated significant results, with Cognizant reporting 40% time savings in their workflows. Major companies including PwC, StoneX, McCormick, and Playa Hotels & Resorts are utilizing Workiva's AI-powered solutions to accelerate reporting cycles and improve cross-functional collaboration.

The expansion addresses critical challenges faced by CFOs, as nearly two-thirds of global practitioners currently lack high-quality data and governance tools needed to manage increasing complexity and regulatory demands.

Workiva Inc. (NYSE:WK) reported strong Q2 2025 financial results with total revenue reaching $215 million, up 21% year-over-year. Subscription and support revenue grew 23% to $198 million, while professional services revenue remained flat at $17 million.

The company demonstrated solid customer growth with 6,467 total customers, adding 320 net new customers year-over-year. Notable metrics include a 97% gross retention rate and 114% net retention rate. Customers with annual contract value over $500,000 increased 35% to 208 customers.

Despite growth, Workiva reported a GAAP operating margin of -10.2% and a GAAP net loss of $(19) million. The company maintains a strong cash position of $814 million and repurchased $10 million of Class A common stock. Additionally, CFO Jill Klindt announced her planned departure by December 2025.

Workiva (NYSE:WK) has scheduled its second quarter 2025 financial results release and conference call. The company will announce its Q2 2025 results after market close on July 31, 2025.

The earnings conference call is scheduled for 5:00 p.m. Eastern Time on the same day. Investors can join via phone using 1-833-630-1956 (U.S.) or 1-412-317-1837 (international). A live webcast and replay will be accessible through the company's investor relations website.

JAB Insurance announced significant leadership appointments and organizational changes. Jin Chang, with over 30 years of insurance experience, will join as Partner in July 2025 from Athene. The firm added three key executives: Guillaume Briere-Giroux as Managing Director, Andrew Taktajian as Managing Director and General Counsel, and Kyle Hales as Principal. JAB Insurance also formed an independent Board with four new directors: David Mulcahy, Gary Huffman, Olav Cuiper, and Ron Veith. Following recent acquisitions, including Family Life in Texas and the pending Prosperity Life deal, JAB Insurance will manage over $25 billion in policyholder reserves and serve 1 million U.S. policyholders.

Workiva (NYSE:WK) has appointed Astha Malik, Chief Business Officer of Braze (Nasdaq:BRZE), to its board of directors. Malik brings over 25 years of experience in driving growth and scaling go-to-market operations for high-growth SaaS companies. At Braze, she leads teams across corporate strategy, growth engineering, operations, marketing, strategic consulting, and education.

Prior to Braze, Malik served as COO at VTEX and held executive positions at Zendesk, Citrix, Sumo Logic, and PagerDuty. She has been recognized on Forbes' Top 50 Entrepreneurial CMOs list and holds a Master of Science in Finance from Florida International University. Her appointment maintains seven members on Workiva's board of directors.

Workiva Inc. (NYSE:WK) has announced its participation in two major investor conferences in June 2025. At the William Blair 45th Annual Growth Stock Conference, CFO Jill Klindt and Chief Strategy Officer Mike Rost will present on June 4 at 4:20 p.m. ET. The following day, CEO Julie Iskow will present at the Baird 2025 Global Consumer, Technology & Services Conference at 2:00 p.m. ET. Both presentations will be available via webcast and recordings will be accessible for a limited time on Workiva's Investor Relations website under the "News and Events" section.

Workiva Inc. (NYSE:WK) reported its Q1 2025 financial results with total revenue reaching $206 million, up 17% year-over-year. Subscription and support revenue grew 20% to $186 million. The company maintained strong customer metrics with 6,385 total customers, adding 311 new customers year-over-year. Notable growth was seen in high-value customers, with those having annual contract value over $500,000 increasing 32%. However, GAAP net loss widened to $(21) million compared to $(12) million in Q1 2024. The company repurchased $40 million of Class A common stock under its 2024 plan. For full-year 2025, Workiva expects revenue between $864-868 million and maintains a strong liquidity position with $767 million in cash and marketable securities.

Workiva, the leading cloud platform for integrated reporting, emerges as a key solution for federal agencies following a new executive order mandating financial system consolidation. The order, issued March 25, 2025, requires agencies to consolidate core financial systems within 180 days to combat fraud, waste, and abuse.

As the only financial reporting and GRC platform approved by the U.S. Treasury's FM QSMO, Workiva addresses critical challenges in federal financial reporting. Currently, 25% of Federal CFO Act agencies received either Qualified audit opinions or Disclaimers in FY 2024, highlighting significant reporting issues.

Workiva's platform offers key features including:

• Connection to over 100 source systems
• Real-time data updates
• Automated workflows
• Detailed audit trails
• FedRAMP certification for security