WK NYSE Services-Prepackaged Software Financials FY2016βFY2025
Workiva Inc had $885M of revenue in fiscal 2025, up 19.7% on the year before. Over five years, revenue changed +20.3% a year on average.
Last close Β· Oct 23, 2026
$85.80
0.9%Hi! I read Workiva Incβs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+19.7%
Yes. Sales grew 19.7% last year.
Does it make a profit?
β3.0%
No. It lost money last year.
Does profit turn into cash?
15.6%
Yes. 15.6% of sales ends up as free cash.
How healthy are the accounts?
5 / 8
Mixed. It passes 5 of 8 health tests.
How is the share priced?
103.4x
One share costs 103.4 times its yearly profit per share.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
In plain words: Every quarter, companies publish how much they sold and earned. These are the days Workiva Inc did it, and the next one. Share prices often move a lot on those days.
Next results
November 5, 2026
Thursday Β· in 11 days
| Date | Results for | Time | Source |
|---|---|---|---|
| Aug 4, 2026 | Q2 '26 | After the market closes | 8-K β |
| May 5, 2026 | Q1 '26 | After the market closes | 8-K β |
| Feb 19, 2026 | Q4 '25 | After the market closes | 8-K β |
| Nov 5, 2025 | Q3 '25 | After the market closes | 8-K β |
| Jul 31, 2025 | Q2 '25 | After the market closes | 8-K β |
| May 1, 2025 | Q1 '25 | After the market closes | 8-K β |
| Feb 25, 2025 | Q4 '24 | After the market closes | 8-K β |
| Nov 6, 2024 | Q3 '24 | After the market closes | 8-K β |
From SEC filings: the results press release (8-K) or, without one, the quarterly or annual report.
KIRA Β· Workiva Inc had $885M of revenue in fiscal 2025, up 19.7% on the year before. Over five years, revenue changed +20.3% a year on average. Its operating margin was β4.8%, up 5.6Β pts: of every 100 in sales, about β5 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
KIRA Β· Workiva Inc lost $26.2M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $138M in fiscal 2025, 15.6% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
KIRA Β· Workiva Inc returned $71.6M to shareholders in fiscal 2025, 52% of free cash flow. The diluted share count rose 1.7%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
KIRA Β· No open-market insider trades in the last 12 months.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
β
$0.0M
No open-market insider trades in the last 12 months.
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Workiva Inc can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $530M | $431M | $814M | $816M | $892M |
| Interest coverage | β2.1x | β14.7x | β1.8x | β5.9x | β3.3x |
| Current ratio | 1.0x | 1.5x | 2.1x | 1.8x | 1.6x |
| Quick ratio | 1.0x | 1.5x | 2.1x | 1.8x | 1.6x |
| Total assets | $787M | $820M | $1.2B | $1.4B | $1.5B |
| Total liabilities | $714M | $814M | $1.3B | $1.4B | $1.5B |
| Shareholders' equity | $73.0M | $6.0M | β$89.4M | β$41.7M | β$5.4M |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
KIRA Β· Workiva Inc passes 5 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β | β | β | β | β | β |
| F-score | β / 3 | 5 / 9 | 5 / 8 | 4 / 8 | 5 / 8 | 5 / 8 | 4 / 8 | 4 / 8 | 5 / 8 | 5 / 8 |
| Accruals ratio | β23.5% | β33.2% | β29.0% | β18.0% | β12.1% | β11.7% | β12.7% | β19.5% | β11.0% | β11.6% |
| Altman Z'' | β7.18 | β8.06 | β6.23 | 1.23 | 1.09 | β1.93 | β1.26 | 0.48 | 0.09 | 0.05 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $179M | $208M | $244M | $298M | $352M | $443M | $538M | $630M | $739M | $885M |
| Gross profit | $127M | $148M | $178M | $213M | $261M | $339M | $408M | $476M | $567M | $694M |
| Research and development | $57.4M | $68.2M | $81.6M | $89.9M | $94.8M | $116M | $152M | $173M | $193M | $215M |
| Operating income | β$43.6M | β$44.3M | β$49.8M | β$45.4M | β$37.8M | β$29.4M | β$88.8M | β$94.5M | β$76.5M | β$42.4M |
| Interest expense | $1.9M | $1.8M | $1.8M | $6.0M | $14.0M | $14.0M | $6.0M | $53.6M | $12.9M | $12.8M |
| Pretax income | β$44.0M | β$44.4M | β$49.8M | β$47.3M | β$48.7M | β$39.1M | β$89.0M | β$124M | β$49.4M | β$22.4M |
| Income tax | $0.0M | $0.1M | $0.2M | $0.1M | β$0.3M | β$1.4M | $1.9M | $3.4M | $5.6M | $3.8M |
| Net income | β$44.0M | β$44.4M | β$50.1M | β$47.5M | β$48.4M | β$37.7M | β$90.9M | β$128M | β$55.0M | β$26.2M |
| Diluted EPS | β$1.08 | β$1.07 | β$1.15 | β$1.03 | β$1.00 | β$0.74 | β$1.72 | β$2.36 | β$0.99 | β$0.47 |
| Diluted shares | 0.04B | 0.04B | 0.04B | 0.05B | 0.05B | 0.05B | 0.05B | 0.05B | 0.06B | 0.06B |
| Cash flow | ||||||||||
| Cash from operations | β$10.4M | $5.5M | $6.4M | $30.9M | $33.2M | $49.8M | $11.3M | $70.9M | $87.7M | $140M |
| Capital expenditure | $1.9M | $1.2M | $1.1M | $3.1M | $1.9M | $3.5M | $3.5M | $2.1M | $1.4M | $2.1M |
| Free cash flow | β$12.3M | $4.3M | $5.3M | $27.8M | $31.4M | $46.3M | $7.9M | $68.8M | $86.3M | $138M |
| Depreciation and amortization | $3.8M | $3.5M | $3.8M | $3.8M | $4.3M | $5.2M | $10.2M | $11.1M | $11.0M | $11.0M |
| Stock-based compensation | $14.2M | $19.5M | $30.8M | $35.8M | $45.8M | $48.6M | $70.7M | $98.8M | $102M | $123M |
| Acquisitions | β | β | β | $0.0M | $0.0M | $37.5M | $99.2M | $0.0M | $98.1M | $0.0M |
| Share buybacks | β | β | β | β | β | β | β | $0.0M | $0.0M | $71.6M |
| Dividends and buybacks | β | β | β | β | β | β | β | $0.0M | $0.0M | $71.6M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $62.7M | $76.7M | $98.3M | $488M | $530M | $530M | $431M | $814M | $816M | $892M |
| Total debt | $0.1M | $0.0M | β | β | β | β | β | β | β | β |
| Finance lease liabilities | β | β | β | $17.2M | $18.4M | $16.7M | $15.1M | $14.6M | $14.1M | $13.8M |
| Current assets | $98.0M | $115M | $177M | $571M | $633M | $657M | $600M | $1.0B | $1.0B | $1.2B |
| Current liabilities | $99.9M | $129M | $192M | $232M | $282M | $646M | $407M | $485M | $592M | $742M |
| Property and equipment, net | $42.6M | $40.4M | $41.5M | β | β | β | β | β | β | β |
| Goodwill | β | β | β | β | $0.0M | $34.6M | $110M | $112M | $197M | $206M |
| Intangible assets | $1.0M | $1.1M | $1.3M | $1.7M | $1.6M | $10.4M | $28.2M | $22.9M | $27.4M | $22.3M |
| Total assets | $143M | $158M | $231M | $639M | $707M | $787M | $820M | $1.2B | $1.4B | $1.5B |
| Total liabilities | $146M | $175M | $241M | $585M | $643M | $714M | $814M | $1.3B | $1.4B | $1.5B |
| Preferred stock | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$3.1M | β$16.9M | β$9.7M | $54.2M | $64.3M | $73.0M | $6.0M | β$89.4M | β$41.7M | β$5.4M |
| Margins | ||||||||||
| Gross margin | 71.1% | 71.0% | 73.0% | 71.5% | 74.4% | 76.6% | 75.9% | 75.5% | 76.7% | 78.5% |
| Operating margin | β24.4% | β21.3% | β20.4% | β15.2% | β10.8% | β6.6% | β16.5% | β15.0% | β10.4% | β4.8% |
| EBITDA margin | β22.3% | β19.6% | β18.8% | β14.0% | β9.5% | β5.4% | β14.6% | β13.2% | β8.9% | β3.6% |
| Net margin | β24.6% | β21.4% | β20.5% | β15.9% | β13.8% | β8.5% | β16.9% | β20.2% | β7.5% | β3.0% |
| FCF margin | β6.9% | 2.1% | 2.2% | 9.3% | 8.9% | 10.4% | 1.5% | 10.9% | 11.7% | 15.6% |
| Returns | ||||||||||
| Return on capital employed | β100.7% | β156.1% | β125.9% | β11.2% | β8.9% | β20.9% | β21.5% | β12.9% | β9.9% | β5.6% |
| Return on equity | β | β | β | β213.6% | β81.7% | β55.0% | β230.4% | β | β | β |
| Return on assets | β30.7% | β29.5% | β25.8% | β10.9% | β7.2% | β5.1% | β11.3% | β12.5% | β4.3% | β1.8% |
| Return on tangible equity | β | β | β | β90.3% | β77.2% | β134.8% | β | β | β | β |
| Growth | ||||||||||
| Revenue growth | β | 16.4% | 17.5% | 21.9% | 18.0% | 26.1% | 21.3% | 17.1% | 17.2% | 19.7% |
| FCF growth | β | β | 21.8% | 427.0% | 12.8% | 47.6% | β83.0% | 772.9% | 25.6% | 59.8% |
| Share count change | β | 2.3% | 4.9% | 6.1% | 4.6% | 5.5% | 3.6% | 2.2% | 2.3% | 1.7% |
| Financial health | ||||||||||
| Interest coverage | β23.2x | β24.0x | β27.3x | β7.5x | β2.7x | β2.1x | β14.7x | β1.8x | β5.9x | β3.3x |
| Current ratio | 1.0x | 0.9x | 0.9x | 2.5x | 2.2x | 1.0x | 1.5x | 2.1x | 1.8x | 1.6x |
| Quick ratio | 1.0x | 0.9x | 0.9x | 2.5x | 2.2x | 1.0x | 1.5x | 2.1x | 1.8x | 1.6x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.1% | 0.6% | 0.5% | 1.0% | 0.5% | 0.8% | 0.6% | 0.3% | 0.2% | 0.2% |
| Stock comp / revenue | 8.0% | 9.4% | 12.6% | 12.0% | 13.0% | 11.0% | 13.1% | 15.7% | 13.8% | 13.9% |
| Payouts / FCF | β | β | β | β | β | β | β | 0.0% | 0.0% | 51.9% |
| Quality scores | ||||||||||
| Piotroski F-score | β | 5.0 | 5.0 | 4.0 | 5.0 | 5.0 | 4.0 | 4.0 | 5.0 | 5.0 |
| Altman Z'' | β7.2 | β8.1 | β6.2 | 1.2 | 1.1 | β1.9 | β1.3 | 0.5 | 0.1 | 0.1 |
| Accruals ratio | β23.5% | β33.2% | β29.0% | β18.0% | β12.1% | β11.7% | β12.7% | β19.5% | β11.0% | β11.6% |
Source: SEC EDGAR XBRL filings (CIK 0001445305). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
