Saturday 17 October 2026
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Workiva Inc.
WK Technology Software Application
Workiva Inc.’s revenue for fiscal 2025 (year ended December 2025) was $884.6 million, up 19.7% from fiscal 2024. In the quarter to June 2026, revenue grew 18.6%, EPS grew 168.6%, free cash flow grew 58.2% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for three.
75.62
1.59
−2.06%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 10.92 | 12.15 | 20.50 | 34.43 | 22.01 | 80.00 | 59.43 | 79.20 | 65.47 | 60.50 |
Analyst estimates 2026–2028 Powerpack |
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| High | 19.04 | 23.70 | 40.84 | 64.12 | 93.74 | 173.24 | 131.91 | 116.00 | 116.83 | 115.49 | |||||
| People | |||||||||||||||
| People | Employees | 1,172 | 1,318 | 1,319 | 1,580 | 1,718 | 2,106 | 2,447 | 2,526 | 2,828 | 2,860 | ||||
| Revenue/emp, $m | 0.15 | 0.16 | 0.19 | 0.19 | 0.20 | 0.21 | 0.22 | 0.25 | 0.26 | 0.31 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 179 | 208 | 244 | 298 | 352 | 443 | 538 | 630 | 739 | 885 | ||||
| Gross margin, % | 71.10 | 71.02 | 73.05 | 71.46 | 74.35 | 76.58 | 75.85 | 75.52 | 76.71 | 78.47 | |||||
| EBT | (44) | (44) | (50) | (47) | (49) | (39) | (89) | (124) | (49) | (22) | |||||
| EBT margin, % | (24.60) | (21.34) | (20.39) | (15.89) | (13.85) | (8.82) | (16.55) | (19.70) | (6.69) | (2.53) | |||||
| Net income | (44) | (44) | (50) | (47) | (48) | (38) | (91) | (128) | (55) | (26) | |||||
| Depreciation | 4 | 4 | 4 | 7 | 14 | 17 | 13 | 5 | 2 | 8 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 4.39 | 4.99 | 5.60 | 6.43 | 7.26 | 8.67 | 10.16 | 11.65 | 13.34 | 15.72 | ||||
| Earnings | (1.08) | (1.07) | (1.15) | (1.04) | (1.00) | (0.74) | (1.72) | (2.36) | (0.99) | (0.47) | |||||
| Cash flow | (0.25) | 0.13 | 0.15 | 0.67 | 0.69 | 0.97 | 0.21 | 1.31 | 1.58 | 2.49 | |||||
| Capex | (0.05) | (0.03) | (0.03) | (0.08) | (0.04) | (0.07) | (0.07) | (0.04) | (0.03) | (0.04) | |||||
| Free cash flow | (0.31) | 0.10 | 0.12 | 0.58 | 0.64 | 0.90 | 0.15 | 1.27 | 1.56 | 2.45 | |||||
| Book value | (0.08) | (0.41) | (0.22) | 1.17 | 1.33 | 1.43 | 0.11 | (1.65) | (0.75) | (0.10) | |||||
| Shares, m | 41 | 42 | 44 | 46 | 48 | 51 | 53 | 54 | 55 | 56 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| P/S | 3.08 | 4.25 | 6.41 | 6.54 | 12.62 | 15.05 | 8.12 | 8.21 | 8.21 | 5.49 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 35.92 | 69.06 | 91.42 | 730.02 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | 2.84 | 3.97 | 6.08 | 5.92 | 12.01 | 14.56 | 7.99 | 8.16 | 8.16 | 5.36 | |||||
| EV/FCF | (40.79) | 199.80 | 295.43 | 65.12 | 135.84 | 140.05 | 556.99 | 75.04 | 69.97 | 34.46 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | (10) | 6 | 6 | 31 | 33 | 50 | 11 | 71 | 88 | 140 | ||||
| Capex | (2) | (1) | (1) | (4) | (2) | (4) | (4) | (2) | (2) | (2) | |||||
| Free cash flow | (12) | 4 | 5 | 27 | 31 | 46 | 8 | 69 | 86 | 138 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | (2) | (14) | (14) | 339 | 351 | 11 | 193 | 524 | 456 | 421 | ||||
| Total debt | 20 | 20 | 18 | 305 | 312 | 314 | 361 | 777 | 778 | 781 | |||||
| Net debt | (43) | (57) | (80) | (183) | (218) | (217) | (70) | (37) | (38) | (111) | |||||
| Shareholders’ equity | (3) | (17) | (10) | 54 | 64 | 73 | 6 | (89) | (42) | (5) | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | (30.64) | (29.53) | (25.75) | (10.91) | (7.19) | (5.05) | (11.32) | (12.51) | (4.25) | (1.83) | ||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | (389.28) | 442.95 | 375.43 | (213.57) | (81.70) | (54.98) | (230.36) | 305.79 | 83.99 | 111.07 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Workiva Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| DAVE Dave Inc. | $4.7B | 22.0× | 16.3× | +29.63% (above 0%: growing) | −22.06% (below 0%: shrinking) | −1.03% (below 0%: shrinking) | 100.00% | 30.59% | Compare |
| CCC CCC Intelligent Solutions Holdings Inc. | $4.5B | 99.0× | 34.5× | +9.78% (above 0%: growing) | +100.00% (above 0%: growing) | +201.42% (above 0%: growing) | 73.67% | 16.66% | Compare |
| WK Workiva Inc. | $4.2B | 91.1× | 51.7× | +18.64% (above 0%: growing) | n/m | +58.20% (above 0%: growing) | 80.41% | 4.57% | |
| BILL BILL Holdings, Inc. | $4.0B | — (loss-making) | 36.0× | +13.78% (above 0%: growing) | n/m | +40.99% (above 0%: growing) | 81.66% | (7.85%) | Compare |
| FSLY Fastly, Inc. | $4.0B | — (loss-making) | — (loss-making) | +23.27% (above 0%: growing) | n/m | −68.79% (below 0%: shrinking) | 63.25% | (7.87%) | Compare |
| MNDY monday.com Ltd. | $4.0B | 37.8× | 63.3× | +21.94% (above 0%: growing) | +166.67% (above 0%: growing) | −15.94% (below 0%: shrinking) | 88.30% | (0.42%) | Compare |
| QTWO Q2 Holdings, Inc. | $3.9B | 41.8× | 28.5× | +12.61% (above 0%: growing) | +152.63% (above 0%: growing) | +22.28% (above 0%: growing) | 59.25% | 13.35% | Compare |
| SRAD Sportradar Group AG | $3.8B | 130× | 47.0× | +21.77% (above 0%: growing) | n/m | +10.16% (above 0%: growing) | 85.63% | 7.12% | Compare |
| FRSH Freshworks Inc. | $3.7B | 21.1× | 151× | +15.98% (above 0%: growing) | n/m | −2.84% (below 0%: shrinking) | 84.79% | 2.55% | Compare |
| Median of peers | $4.0B | 39.8× | 36.0× | +18.88% | +126.32% | +4.56% | 83.22% | 4.84% |
Workiva Inc. (WK) key facts
- Concern: Workiva Inc. reported a net loss of $26.2 million, or a loss of $0.47 per share, for fiscal 2025.
- Strength: Workiva Inc.’s revenue for fiscal 2025 (year ended December 2025) was $884.6 million, up 19.7% from fiscal 2024.
- Workiva Inc. (WK) is a Software Application company in the Technology sector, listed on the New York Stock Exchange.
- As of October 16, 2026, WK traded at $75.62, a market capitalization of $4.2 billion.
- At that price the stock trades at 91.1× trailing-twelve-month earnings and 4.4× sales.
- Return on equity was 111.1% and debt-to-equity -8.05.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.09 (grey zone) for fiscal 2025.