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Workiva Inc. (NYSE: WK), a leading, audit-ready platform for trust, transparency, and accountability, unveiled dozens of new product and platform innovations at

Workiva Inc. NYSE:WK, a leading, audit-ready platform for trust, transparency, and accountability, today announced it will host its 2026 Analyst & Investor Day on Tuesday, September 15, 2026. Workiva’s executives will present at 10:00 a.m. Pacific Time during its annual Amplify user conference in Las Vegas.

A live webcast and replay will be available for a limited time at https://investor.workiva.com/news-events/events.

About Workiva

Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Finance, accounting, sustainability, risk, and audit teams from more than 6,700 organizations, including over 85% of Fortune 1,000 companies, rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, audit-ready platform. Learn more at workiva.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260914477643/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Workiva Inc. (WK) Goldman Sachs Communacopia + Technology Conference 2026 September 9, 2026 7:25 PM EDT

Company Participants

Julie Iskow - CEO, President & Director

Presentation

Unknown Analyst

I think we can go ahead and get started. Thank you all for coming today. I have the pleasure of hosting Workiva, CEO, Julie Iskow. Julie, thank you for being here with me today.

Julie Iskow
CEO, President & Director

Thank you. Pleasure to be here.

Unknown Analyst

We're going to touch on some near-term dynamics. But first, I'd like to start with your longer-term view of the business. So Julie...

Julie Iskow
CEO, President & Director

I'll jump right in?

Question-and-Answer Session

Unknown Analyst

When you look 5 years out, what do you want Workiva to become today that it's not?

Julie Iskow
CEO, President & Director

Well, let me start by saying what it is today, and Workiva as a trusted platform for the office of the CFO. We manage the data that matters most for that office. And what we have become is a platform that is managing regulatory work for customers in 3 key categories: financial reporting, non-financial or sustainability reporting, and then GRC or Governance, Risk and Compliance, which is audit, risk controls, et cetera.

So that's what we do today, those 3 categories, and we do primarily the reporting around those categories. But as we've evolved and as new technology like AI, and particularly agentic AI, has come into the scene, we've been transforming our platform, agentic-first, and the combination of the platform that we have today. With that transformation and AI, in particular, agentic AI, what we are able to do now is expand into the broader realm of regulatory work beyond -- even beyond the categories that we do today, but it's also more -- doing more than just the report itself with agentic AI, which has planning, and reasoning, and executing, and taking action, there

Key Takeaways Stocks like ETSY, MNDY, SMTC and WK were screened for strong liquidity and asset efficiency.The screen narrowed 7,700 stocks to 12, with these four meeting strict efficiency and growth criteria.Each stock also boasts higher asset utilization than its industry average and solid growth attributes. Investors seeking solid gains should add stocks with strong liquidity, which supports business growth. Liquidity measures a company’s capability to meet short-term debt obligations. Stocks with high liquidity levels have always been in demand, owing to their potential to provide maximum returns.

Investors may want to consider adding four top-ranked stocks — Etsy Inc (ETSY - Free Report) , monday.com Ltd. (MNDY - Free Report) , Semtech Corporation (SMTC - Free Report) and Workiva (WK - Free Report) — to their portfolios to boost returns.

However, one should be careful while investing in a stock with high liquidity levels. High liquidity may also indicate that the company cannot competently utilize its assets.

Besides sufficient cash, an investor might also consider a company’s capital deployment abilities before investing. A balanced assessment of both liquidity and efficiency can help identify truly promising investment opportunities.

Measures to Identify Liquid StocksCurrent Ratio: It measures current assets relative to current liabilities. The ratio gauges a company’s potential to meet short- and long-term debt obligations. A current ratio — the working capital ratio — below 1 indicates that the company has more liabilities than assets. A high current ratio does not always suggest that the company is in good financial shape. It may also indicate that the firm failed to utilize its assets significantly. Hence, a range of 1-3 is considered ideal.

Quick Ratio: Unlike the current ratio, the quick ratio — the “acid-test ratio” or “quick assets ratio” — indicates a company’s ability to pay short-term obligations. It considers inventory, excluding current assets, relative to current liabilities. A quick ratio of more than 1 is desirable, like the current ratio.

Cash Ratio: This is the most conservative ratio among the three, considering cash, cash equivalents and invested funds relative to current liabilities. It measures a company’s ability to meet existing debt obligations using the most liquid assets. Though a cash ratio of more than 1 may suggest sound financials, a higher number may indicate inefficiency in cash utilization.

A ratio greater than 1 is always desirable, but it may not always represent a company’s financial condition.

Screening ParametersTo pick the best of the lot, we have added asset utilization — a widely used measure of a company’s efficiency — as one of the screening criteria. Asset utilization is the ratio of total sales in the past 12 months to the last four-quarter average of total assets. Though this ratio varies across industries, companies with a ratio higher than that of their industry can be considered efficient.

We added our proprietary Growth Score to the screen to ensure these liquid and efficient stocks have solid growth potential.

Current Ratio, Quick Ratio, and Cash Ratio between 1 and 3: While liquidity ratios greater than 1 are desirable, significantly high ratios may indicate inefficiency.

Asset utilization is more significant than the industry average: A higher asset utilization than the industry average indicates a company’s efficiency.

Zacks Rank equal to #1 (Strong Buy): Only Strong Buy-rated stocks can get through. You can see the complete list of today’s Zacks #1 Rank stocks here.

Growth Score less than or equal to B: Back-tested results show that stocks with a Growth Score of A or B handily beat other stocks when combined with a Zacks Rank #1 or 2 (Buy).

These criteria have narrowed the universe of more than 7,700 stocks to only 12.

Here are four of the 12 stocks that qualified the screen:

Etsy is a prominent e-commerce platform that operates the Etsy marketplace, connecting creative sellers with buyers across the globe. It also owned the fashion resale marketplace Depop (acquired by eBay), which is now classified as a discontinued operation.

The mobile app remains an important growth engine. App GMS increased 12.5% year over year in the second quarter and now represents about 47% of total GMS. Engagement is also improving, with visits per monthly active user and orders per visit rising year over year. The company is also experimenting with AI-native shopping experiences, including its conversational gifting assistant.

Etsy delivered improving marketplace momentum in the second quarter of 2026. Etsy marketplace GMS reached $2.6 billion, increasing 7.5% year over year and marking the third consecutive quarter of year-over-year GMS growth. Revenues totaled $668 million, while the take rate was 25.9%. For the third quarter of 2026, Etsy expects marketplace GMS of $2.53 billion to $2.58 billion, implying year-over-year growth of 4% to 6%.

The Zacks Consensus Estimate for ETSY’s 2026 earnings is pegged at $5.92 per share, unchanged in the past seven days. The company has a Growth Score of B.

monday.com specializes in the development of software applications. AI adoption is emerging as a big growth opportunity for the company. AI ARR doubled sequentially from the first quarter to the second quarter of 2026 and accounted for 17% of net new ARR added during the quarter. Second-quarter revenues of $364.6 million increased 22% year over year.

Customers generating more than $100,000 in ARR increased 37%, while those above $500,000 ARR jumped 68% year over year. Record net additions in both cohorts demonstrate that monday.com is successfully moving toward larger customers.

For the third quarter, monday.com expects revenues of $368-$370 million, implying 16%-17% year-over-year growth.

The Zacks Consensus Estimate for MNDY’s 2026 earnings is pegged at $5.55 per share, unchanged in the past seven days. The company has a Growth Score of B and an average trailing four-quarter earnings surprise of 23.56%.

Semtech manufactures high-performance semiconductor chips for AI data center networking and connected IoT devices.

The company is benefiting from strong data-center demand, particularly across its FiberEdge, CopperEdge and emerging photonics portfolio. The company’s photonics portfolio includes semiconductor optical amplifiers high-power lasers and high-speed photodiodes for scale-up, scale-out and scale-across data center connectivity applications.

Data-center revenues reached $100 million in the second quarter of fiscal 2027, up 39% sequentially and 91% year over year. The top line was supported by continued strength in 800G products and 1.6T CopperEdge as well as the ramp of 1.6T FiberEdge. LoRa represents another major growth engine. LoRa-enabled net sales increased 31% sequentially and 58% year over year to $58 million. Growing traction for the LoRa Gen 4 platform, including LoRa Plus and other RF protocols, bodes well. For the third quarter of fiscal 2027, Semtech expects net sales to be $410 million (+/- $5 million).

The Zacks Consensus Estimate for SMTC’s fiscal 2027 earnings is pegged at $3.48 per share, unchanged in the past seven days. The company has a Growth Score of A and an average trailing four-quarter earnings surprise of 9.82%.

Workiva offers an AI-driven platform for accounting, finance, sustainability, risk, and audit teams. Workiva expects third-quarter revenues to be in the range of $260 million to $262 million, with non-GAAP operating margins between 17% and 17.5%. Full-year revenues are expected to be in the range of $1.04 billion to $1.044 billion.

The company's second-quarter 2026 revenues jumped 19% to $255 million. The performance was driven by strong demand across the portfolio. Subscription & support revenues increased 19% year over year to $236 million.

Customers numbered 6,750 as of June 30, 2026, up 283 net customers from the prior-year period. Gross retention rate was 97%, while the net retention rate was 111%. Currently, 76% of subscription revenues come from multi-solution customers, up from 71% a year ago. Current remaining performance obligations were $789 million, up 18% year over year.

The Zacks Consensus Estimate for 2026 earnings is pegged at $3.30 per share, unchanged over the past seven days. The company has a Growth Score of A and an average trailing four-quarter earnings surprise of 24.11%.

Workiva Inc. NYSE:WK, a leading, audit-ready platform for trust, transparency, and accountability, today announced its participation at the following events:

Citi’s 2026 Global TMT Conference: Mike Rost, Chief Strategy Officer, will present on September 9, 2026 at 1:15 p.m. Eastern Time.Goldman Sachs Communacopia + Technology Conference: Julie Iskow, Chief Executive Officer, will present on September 9, 2026 at 4:25 p.m. Pacific Time.A live webcast and replay will be available for a limited time at https://investor.workiva.com/news-events/events.

About Workiva

Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Finance, accounting, sustainability, risk, and audit teams from more than 6,700 organizations, including over 85% of Fortune 1,000 companies, rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, audit-ready platform. Learn more at workiva.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260825998006/en/

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

Click for the complete disclosure

Posted by Defense World Staff on Aug 13th, 2026

Assenagon Asset Management S.A. acquired a new position in shares of Workiva Inc. (NYSE:WK – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,074 shares of the software maker’s stock, valued at approximately $4,661,000. Assenagon Asset Management S.A. owned 0.17% of Workiva at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank grew its position in Workiva by 28.8% during the 4th quarter. Comerica Bank now owns 151,317 shares of the software maker’s stock worth $13,051,000 after acquiring an additional 33,829 shares during the last quarter. First Trust Advisors LP raised its holdings in Workiva by 16.4% during the 1st quarter. First Trust Advisors LP now owns 862,936 shares of the software maker’s stock worth $51,457,000 after purchasing an additional 121,643 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in Workiva by 8.7% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,083,243 shares of the software maker’s stock worth $93,430,000 after buying an additional 87,056 shares during the last quarter. Ranger Investment Management L.P. lifted its stake in shares of Workiva by 11.5% in the 1st quarter. Ranger Investment Management L.P. now owns 342,185 shares of the software maker’s stock valued at $20,404,000 after purchasing an additional 35,329 shares during the period. Finally, Norges Bank acquired a new position in Workiva in the fourth quarter valued at approximately $53,375,000. 92.21% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets In other news, Director Robert H. Herz sold 1,000 shares of Workiva stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $49.69, for a total value of $49,690.00. Following the completion of the transaction, the director owned 34,802 shares in the company, valued at $1,729,311.38. This trade represents a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.77% of the stock is owned by corporate insiders.

Workiva Stock Down 1.4% Workiva stock opened at $68.10 on Thursday. Workiva Inc. has a twelve month low of $43.34 and a twelve month high of $97.10. The firm has a 50 day moving average price of $53.72 and a 200-day moving average price of $57.18. The company has a market capitalization of $3.82 billion, a P/E ratio of 83.05 and a beta of 0.46.

Workiva (NYSE:WK – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The software maker reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.13. Workiva had a net margin of 4.87% and a negative return on equity of 140.17%. The company had revenue of $255.29 million for the quarter, compared to analysts’ expectations of $251.16 million. During the same quarter in the previous year, the firm posted $0.19 EPS. Workiva’s revenue was up 18.6% on a year-over-year basis. Workiva has set its FY 2026 guidance at 3.380-3.390 EPS and its Q3 2026 guidance at 0.790-0.820 EPS. Equities analysts expect that Workiva Inc. will post 1.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on WK shares. Stifel Nicolaus set a $70.00 price objective on shares of Workiva in a research report on Wednesday, August 5th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Stephens reissued an “overweight” rating and set a $68.00 target price on shares of Workiva in a research report on Tuesday, May 26th. Robert W. Baird set a $74.00 target price on Workiva in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised Workiva from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, August 6th. Ten analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $84.75.

Get Our Latest Report on WK

About Workiva (Free Report)

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

Further Reading Five stocks we like better than Workiva GE Vernova’s AI Power Boom Faces a Profit Test Cardinal Health Earnings: Can Perfection Get Priced In Twice? Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand Legacy Jet Builders Stall While Embraer Accelerates to New Highs Want to see what other hedge funds are holding WK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workiva Inc. (NYSE:WK – Free Report).

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Workiva NYSE: WK reported second-quarter 2026 revenue of $255 million, up 19% from a year earlier and $3 million above the high end of its guidance range, as subscription growth and operational efficiency supported higher profitability.

Subscription revenue rose 19% year over year to $236 million, while professional services revenue increased 12% to $19 million, driven by stronger-than-expected XBRL services activity. Chief Financial Officer Barbara Larson said foreign exchange had minimal impact on reported growth during the quarter, contrasting with the tailwind experienced in the prior four quarters.

The company reported a non-GAAP operating margin of 16.8%, exceeding the high end of its outlook by 180 basis points and improving 1,300 basis points from the second quarter of 2025. Workiva raised its full-year non-GAAP operating margin forecast to approximately 18%, reaching a target previously included in its 2027 operating model a year ahead of schedule.

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Customer Growth and Contract Momentum Workiva ended the quarter with 6,750 customers, an increase of 283 from a year earlier. Gross retention was 97%, above the company’s 96% target, while net retention was 111%. Larson said constant-currency net retention was relatively steady sequentially and remained above Workiva’s 110% target.

Current remaining performance obligations, which represent revenue expected to be recognized over the next 12 months, totaled $789 million, up 18% year over year. The figure included an approximately one-percentage-point negative foreign-currency impact.

The company also cited continued growth in larger customer relationships. Contracts valued at more than $300,000 annually increased 34% year over year to 656, while contracts above $500,000 rose 33% to 276. Workiva said 76% of subscription revenue came from customers using multiple solutions, compared with 71% a year earlier.

Chief Executive Officer Julie Iskow said demand remained consistent through the year despite a dynamic environment marked by evolving regulations and increased focus on artificial intelligence governance. She said sales teams are seeing more deal scrutiny, additional approvers and more legal review, but added that Workiva has prepared its field, operations and legal teams for that process.

“Deals do have more scrutiny, and there are maybe more approvers and more rigor at the legal level,” Iskow said. “We’re very much aware of this, prepared, and being aware and being prepared makes a real difference in our execution.”

Iskow also said deal cycles shortened during the past two quarters. The company’s strongest net-new customer addition quarter in the past seven quarters was accompanied by larger initial customer relationships, including more multi-solution and six-figure deals, she said.

Platform, AI and Industry Demand Management emphasized demand for a unified platform that combines financial reporting, governance, risk and compliance, sustainability reporting and other workflows. Iskow said finance leaders are being asked to govern data and AI, automate manual processes, deliver faster insights and maintain auditability amid a more complex regulatory environment.

Workiva highlighted growth across financial reporting, fund reporting, governance risk and compliance, and sustainability offerings. The company cited examples of customers expanding their use of the platform to support regulatory reporting, multi-entity reporting, controls management, tax reporting, enterprise risk and sustainability disclosures.

In financial services, Iskow said Workiva has expanded its presence in the U.S. and Europe and is seeing encouraging traction for its Fund Reporting products. She described the public-funds offering as still in its early stages but said the company is encouraged by deal sizes and the product’s fit with large enterprises.

The company also said sustainability buyers are increasingly seeking to connect financial and non-financial reporting processes. According to Iskow, larger sustainability wins commonly include financial reporting solutions, as organizations address requirements such as CSRD, ISSB and California’s SB 253.

Workiva recently introduced AI capabilities in advanced solution tiers, including agents for sustainability disclosure, financial tie-out and disclosure peer benchmarking. The company also launched the Workiva MCP Gateway, which it described as a governed connectivity layer for linking Workiva data and workflows with enterprise AI tools. Iskow said the capabilities are designed to preserve identity controls, permissions, governance and data lineage.

Management said adoption of premium product tiers remains early but is gaining traction. Iskow said the company has achieved a price premium of more than 20% for the tiers and is seeing customers upgrade at renewal and, in some cases, during contract periods to access AI and other advanced capabilities.

Outlook and Capital Position For the third quarter, Workiva expects total revenue of $260 million to $262 million and a non-GAAP operating margin of 17% to 17.5%. Services revenue is expected to be slightly higher than in the third quarter of 2025.

Full-year revenue is projected at $1.040 billion to $1.044 billion. Full-year subscription revenue is expected to grow about 19% year over year. Full-year services revenue is expected to increase slightly. Full-year non-GAAP operating margin is projected at about 18%. Free cash flow margin guidance was raised by 100 basis points to approximately 21%. Larson said the second-half outlook assumes foreign exchange rates remain roughly in line with June 2026 levels, resulting in minimal year-over-year foreign-currency impact on projected revenue growth in the third and fourth quarters.

As of June 30, Workiva had $815 million in cash equivalents and marketable securities, down $48 million from the prior quarter. The company repurchased 2.49 million Class A shares for $123 million during the quarter. Workiva has repurchased $244 million under its $350 million authorization, leaving $106 million available at quarter end.

While the company now expects to meet its 2027 operating-margin target early, Larson said Workiva was not updating its 2030 financial framework. She said the company remains focused on disciplined investment, sales productivity, platform selling and growth opportunities across its portfolio and international markets.

About Workiva (NYSE:WK)Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Fiscal second quarter subscription & support revenue increased by 19%

Total revenue was $255 million, up 19% year-over-year

GAAP operating margin was 4.6%, non-GAAP operating margin was 16.8%

Repurchased $123 million worth of Class A common stock under the 2024 share repurchase plan

NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE: WK), a leading, audit-ready platform for trust, transparency, and accountability, today announced financial results for its second quarter ended June 30, 2026.

“Q2 was another quarter marked by strong financial performance and continued proof that Workiva is the platform CFOs trust in the AI era,” said Julie Iskow, President & Chief Executive Officer. “We beat the high end of our revenue guidance with 19% growth in both subscription and total revenue, while rapidly expanding margins. At the same time, we are transforming our platform to be agentic-first where agents will enable customers in advanced solution tiers to accelerate reporting and compliance outcomes with the control and traceability of the Workiva platform.”

“While our pace of innovation has accelerated, we have also maintained our rigorous focus on operational discipline and expanding operating leverage as we scale the business,” said Barbara Larson, Chief Financial Officer. "Our non-GAAP operating margin beat the high end of our guidance by 180 basis points, representing a 1,300 basis point improvement over Q2 of last year. This outperformance has positioned us to achieve our 2027 medium-term operating margin target of 18% a full year ahead of schedule.”

Second Quarter 2026 Financial Results

Revenue: Total revenue for the second quarter of 2026 reached $255 million, an increase of 19% from $215 million in the second quarter of 2025. Subscription and support revenue contributed $236 million, up 19% versus the second quarter of 2025. Professional services revenue was $19 million, up 12% from the second quarter of 2025. Operating Margin: GAAP operating margin for the second quarter of 2026 was 4.6% compared to (10.2)% in the prior year's second quarter. Non-GAAP operating margin was 16.8% compared to 3.8% in the second quarter of 2025. GAAP Net Income (Loss): GAAP net income for the second quarter of 2026 was $13 million compared with a net loss of $(19) million for the prior year's second quarter. GAAP net income per basic share and diluted share was $0.24, compared with a net loss per basic and diluted share of $(0.35) in the second quarter of 2025. Non-GAAP Net Income: Non-GAAP net income for the second quarter of 2026 was $45 million compared with non-GAAP net income of $11 million in the prior year's second quarter. Non-GAAP net income per basic share and diluted share in the second quarter of 2026 was $0.80 and $0.77, respectively, compared with non-GAAP net income per basic share and diluted share of $0.20 and $0.19, respectively, in the second quarter of 2025. Operating Cash Flow and Free Cash Flow: Operating cash flow for the second quarter of 2026 was $78 million compared with $50 million for the prior year's second quarter. Free cash flow for the second quarter of 2026 was $78 million compared with $49 million in the second quarter of 2025. Liquidity: As of June 30, 2026, Workiva had cash, cash equivalents, and marketable securities totaling $815 million, compared with $892 million as of December 31, 2025. Workiva had $71 million aggregate principal amount of 1.125% convertible senior notes due in 2026, $702 million aggregate principal amount of 1.250% convertible senior notes due in 2028, and $14 million of finance lease obligations outstanding as of June 30, 2026. Key Metrics and Recent Business Highlights

Customers: Workiva had 6,750 customers as of June 30, 2026, a net increase of 283 customers from June 30, 2025. Retention Rate: As of June 30, 2026, Workiva's gross retention rate was 97%, and the net retention rate was 111%. Net retention includes changes in both solutions and pricing for existing customers. Large Contracts: As of June 30, 2026, Workiva had 2,690 customers with an annual contract value (“ACV”) of more than $100,000, up 20% from 2,241 customers at June 30, 2025. Workiva had 656 customers with an ACV of more than $300,000, up 34% from 488 customers in the second quarter of 2025. Workiva had 276 customers with an ACV of more than $500,000, up 33% from 208 customers in the second quarter of 2025. Share Repurchase Plan: On July 30, 2024, our board of directors authorized a share repurchase plan for up to $100 million of our outstanding Class A common stock. On February 16, 2026, our board of directors modified the repurchase plan to authorize an additional $250 million of the Company’s outstanding Class A common stock for repurchase under the plan. During the second quarter of 2026, Workiva purchased approximately 2.5 million shares for $123 million under the plan. As of June 30, 2026, approximately $106 million remained available under the plan for future share repurchases. Financial Outlook

As of August 4, 2026, Workiva is providing guidance as follows:

Third Quarter 2026 Guidance:

Total revenue is expected to be in the range of $260 million to $262 million. GAAP operating margin is expected to be in the range of 4.2% to 4.8%. Non-GAAP operating margin is expected to be in the range of 17.0% to 17.5%. GAAP net income per diluted share is expected to be in the range of $0.21 to $0.25 using 54.6 million shares. Non-GAAP net income per diluted share is expected to be in the range of $0.79 to $0.82 using 59.9 million shares. Full Year 2026 Guidance:

Total revenue is expected to be in the range of $1.040 billion to $1.044 billion. GAAP operating margin is expected to be in the range of 5.7% to 5.8%. Non-GAAP operating margin is expected to be approximately 18%. GAAP net income per diluted share is expected to be in the range of $1.21 to $1.22 using 55.7 million shares. Non-GAAP net income per diluted share is expected to be in the range of $3.38 to $3.39 using 60.9 million shares. Free cash flow margin is expected to be approximately 21%. Quarterly Conference Call

Workiva will host a webcast today at 5:00 p.m. Eastern Time to review the Company’s financial results for the second quarter 2026, in addition to discussing the Company’s outlook for the third quarter and full year 2026. The call can be accessed by dialing 1-833-630-1956 (U.S. domestic) or 1-412-317-1837 (international). Additionally, a live webcast and replay will be available at https://investor.workiva.com/news-events/events.

About Workiva

Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Accounting, finance, sustainability, risk and audit teams from more than 6,700 organizations, including over 85% of Fortune 1,000 companies rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, audit-ready platform. Learn more at workiva.com.

Non-GAAP Financial Measures

The non-GAAP adjustments referenced herein relate to the exclusion of stock-based compensation and amortization of acquisition-related intangible assets. A reconciliation of GAAP to non-GAAP historical financial measures has been provided in Table I at the end of this press release. A reconciliation of GAAP to non-GAAP guidance has been provided in Table II at the end of this press release.

Workiva believes that the use of non-GAAP gross profit, non-GAAP income from operations and non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, free cash flow and free cash flow margin is helpful to its investors. These measures, which are referred to as non-GAAP financial measures, are not prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Workiva’s management uses these non-GAAP financial measures as tools for financial and operational decision making and for evaluating Workiva’s own operating results over different periods of time.

Non-GAAP gross profit is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible assets attributable to cost of revenues from gross profit. Non-GAAP income from operations is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible assets from loss from operations. Non-GAAP operating margin is the ratio calculated by dividing non-GAAP income from operations by revenues. Non-GAAP net income is calculated by excluding stock-based compensation expense, net of tax and amortization expense for acquisition-related intangible assets from net income (loss). Non-GAAP net income per share is calculated by dividing non-GAAP net income by non-GAAP weighted- average shares outstanding.

Beginning with the three months and six months ended June 30, 2026, we are adding back interest expense (net of taxes) to the numerator of our non-GAAP diluted earnings per share in accordance with the if-converted method of calculating the dilutive impact of our convertible senior notes. Prior to this change, potentially dilutive shares associated with our convertible senior notes were included in the denominator, but the numerator was not adjusted, as our convertible senior notes had historically been anti-dilutive for GAAP purposes. As the Company has achieved GAAP profitability, our convertible senior notes may now be dilutive, and we are aligning our non-GAAP calculation with the if-converted method used for GAAP diluted EPS. Prior periods have not been recast.

Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s non-cash expenses, Workiva believes that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between its operating results from period to period. For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition and thus we do not believe they are reflective of ongoing operations.

Free cash flow, a non-GAAP measure, represents cash flow from operating activities less purchase of property and equipment. Free cash flow margin is calculated by dividing free cash flow by total revenue. We consider free cash flow and free cash flow margin to be liquidity measures that provide useful information to investors about the amount of cash generated or used by the business.

Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in Workiva’s industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on Workiva’s reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in Workiva’s business and an important part of the compensation provided to its employees. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Investors should review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included below, and not rely on any single financial measure to evaluate Workiva’s business.

Forward-Looking Statements

Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company’s expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential," "outlook," "guidance," "target," "goal," "project," "continue to," "confident," or the negative of those terms or other comparable terminology.

Please see the Company’s documents filed or to be filed with the Securities and Exchange Commission, including the Company’s annual reports filed on Form 10-K and quarterly reports on Form 10-Q, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this report. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

WORKIVA INC.

CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share amounts)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

(unaudited)

Revenue

Subscription and support

$

236,302

$

198,223

$

461,657

$

383,735

Professional services

18,988

16,964

40,939

37,732

Total revenue

255,290

215,187

502,596

421,467

Cost of revenue

Subscription and support (1)

36,742

35,277

71,925

69,339

Professional services (1)

13,281

14,266

26,643

28,546

Total cost of revenue

50,023

49,543

98,568

97,885

Gross profit

205,267

165,644

404,028

323,582

Operating expenses

Research and development (1)

57,497

54,843

110,410

108,623

Sales and marketing (1)

109,017

104,025

213,502

205,696

General and administrative (1)

27,083

28,922

53,125

56,159

Total operating expenses

193,597

187,790

377,037

370,478

Income (loss) from operations

11,670

(22,146

)

26,991

(46,896

)

Interest income

7,712

8,344

15,815

17,091

Interest expense

(3,193

)

(3,194

)

(6,387

)

(6,389

)

Other income (expense), net

564

(736

)

962

(969

)

Income (loss) before provision for income taxes

16,753

(17,732

)

37,381

(37,163

)

Provision for income taxes

3,311

1,668

4,943

3,608

Net income (loss)

$

13,442

$

(19,400

)

$

32,438

$

(40,771

)

Net income (loss) per common share:

Basic

$

0.24

$

(0.35

)

$

0.59

$

(0.73

)

Diluted

$

0.24

$

(0.35

)

$

0.58

$

(0.73

)

Weighted-average common shares outstanding

Basic

55,638,926

56,076,723

55,259,608

56,133,286

Diluted

56,056,066

56,076,723

55,819,175

56,133,286

(1) Includes stock-based compensation expense as follows:

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

(unaudited)

Cost of revenue

Subscription and support

$

3,087

$

2,511

$

5,935

$

4,944

Professional services

1,241

1,106

2,430

2,102

Operating expenses

Research and development

6,559

6,556

12,960

12,606

Sales and marketing

10,108

9,890

19,955

19,641

General and administrative

8,756

8,404

17,078

17,062

WORKIVA INC.

CONSOLIDATED BALANCE SHEETS
(in thousands)

June 30, 2026

December 31, 2025

(unaudited)

Assets

Current assets

Cash and cash equivalents

$

252,482

$

338,769

Marketable securities

562,760

552,852

Accounts receivable, net

147,511

168,984

Deferred costs

64,595

62,619

Other receivables

9,892

10,383

Prepaid expenses and other

26,733

28,778

Total current assets

1,063,973

1,162,385

Property and equipment, net

18,970

20,546

Operating lease right-of-use assets

9,700

13,986

Deferred costs, non-current

51,045

59,767

Goodwill

203,599

206,164

Intangible assets, net

19,846

22,270

Other assets

7,318

8,453

Total assets

$

1,374,451

$

1,493,571

Liabilities and Stockholders’ Deficit

Current liabilities

Accounts payable

$

11,778

$

8,932

Accrued expenses and other current liabilities

105,063

113,115

Deferred revenue

533,867

547,919

Convertible senior notes, current

71,208

71,072

Finance lease obligations

631

614

Total current liabilities

722,547

741,652

Convertible senior notes, non-current

697,352

696,263

Deferred revenue, non-current

32,429

37,305

Other long-term liabilities

101

92

Operating lease liabilities, non-current

6,195

10,472

Finance lease obligations, non-current

12,903

13,223

Total liabilities

1,471,527

1,499,007

Stockholders’ deficit

Common stock

55

57

Additional paid-in-capital

603,995

720,923

Accumulated deficit

(701,414

)

(733,852

)

Accumulated other comprehensive income

288

7,436

Total stockholders’ deficit

(97,076

)

(5,436

)

Total liabilities and stockholders’ deficit

$

1,374,451

$

1,493,571

WORKIVA INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

(unaudited)

Cash flows from operating activities

Net income (loss)

$

13,442

$

(19,400

)

$

32,438

$

(40,771

)

Adjustments to reconcile net income (loss) to net cash provided by operating activities

Depreciation and amortization

2,925

2,949

5,441

5,842

Stock-based compensation expense

29,751

28,467

58,358

56,355

Recovery of doubtful accounts

(82

)

(357

)

(200

)

(345

)

Accretion of premiums and discounts on marketable securities, net

(741

)

(1,390

)

(1,542

)

(3,085

)

Amortization of debt discount and issuance costs

613

611

1,225

1,221

Gain on lease modification

—

—

(307

)

—

Deferred income tax

7

(13

)

(262

)

(77

)

Changes in assets and liabilities:

Accounts receivable

(9,650

)

(504

)

20,506

30,132

Deferred costs

2,928

(12

)

5,806

4,081

Operating lease right-of-use assets

1,200

1,377

2,460

2,706

Other receivables

(1,995

)

(59

)

444

935

Prepaid expenses and other

7,202

3,191

1,981

(2,462

)

Other assets

(144

)

1,386

1,089

738

Accounts payable

1,233

(3,755

)

3,204

2,896

Deferred revenue

18,086

15,424

(15,169

)

(3,014

)

Operating lease liabilities

(989

)

(1,087

)

(2,156

)

(1,918

)

Accrued expenses and other liabilities

14,522

23,483

(8,532

)

(10,281

)

Net cash provided by operating activities

78,308

50,311

104,784

42,953

Cash flows from investing activities

Purchase of property and equipment

(332

)

(995

)

(1,060

)

(1,758

)

Purchase of marketable securities

(123,315

)

(102,985

)

(214,816

)

(205,950

)

Maturities of marketable securities

89,370

99,738

203,720

194,352

Acquisitions, net of cash acquired

—

—

(750

)

—

Purchase of intangible assets

(24

)

(41

)

(50

)

(60

)

Net cash used in investing activities

(34,301

)

(4,283

)

(12,956

)

(13,416

)

Cash flows from financing activities

Proceeds from option exercises

322

1,803

1,051

2,434

Taxes paid related to net share settlements of stock-based compensation awards

(1,984

)

(569

)

(10,646

)

(13,491

)

Proceeds from shares issued in connection with employee stock purchase plan

—

—

8,052

7,535

Repurchases of Class A common stock

(122,684

)

(10,002

)

(172,684

)

(50,120

)

Principal payments on finance lease obligations

(152

)

(139

)

(302

)

(277

)

Net cash used in financing activities

(124,498

)

(8,907

)

(174,529

)

(53,919

)

Effect of foreign exchange rates on cash

(1,287

)

5,108

(3,586

)

6,997

Net (decrease) increase in cash, cash equivalents, and restricted cash

(81,778

)

42,229

(86,287

)

(17,385

)

Cash, cash equivalents, and restricted cash at beginning of period

334,972

242,736

339,481

302,350

Cash, cash equivalents, and restricted cash at end of period

$

253,194

$

284,965

$

253,194

$

284,965

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

(unaudited)

Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets

Cash and cash equivalents at end of period

$

252,482

$

284,253

$

252,482

$

284,253

Restricted cash included within prepaid expenses and other at end of period

712

712

712

712

Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows

$

253,194

$

284,965

$

253,194

$

284,965

TABLE I
WORKIVA INC.
RECONCILIATION OF NON-GAAP INFORMATION
(in thousands, except share and per share)

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Gross profit, subscription and support

$

199,560

$

162,946

$

389,732

$

314,396

Add back: Stock-based compensation

3,087

2,511

5,935

4,944

Add back: Amortization of acquisition-related intangibles

1,079

939

2,075

1,849

Gross profit, subscription and support, non-GAAP

$

203,726

$

166,396

$

397,742

$

321,189

Gross profit, professional services

$

5,707

$

2,698

$

14,296

$

9,186

Add back: Stock-based compensation

1,241

1,106

2,430

2,102

Gross profit, professional services, non-GAAP

$

6,948

$

3,804

$

16,726

$

11,288

Gross profit

$

205,267

$

165,644

$

404,028

$

323,582

Add back: Stock-based compensation

4,328

3,617

8,365

7,046

Add back: Amortization of acquisition-related intangibles

1,079

939

2,075

1,849

Gross profit, non-GAAP

$

210,674

$

170,200

$

414,468

$

332,477

Cost of revenue, subscription and support

$

36,742

$

35,277

$

71,925

$

69,339

Less: Stock-based compensation

3,087

2,511

5,935

4,944

Less: Amortization of acquisition-related intangibles

1,079

939

2,075

1,849

Cost of revenue, subscription and support, non-GAAP

$

32,576

$

31,827

$

63,915

$

62,546

Cost of revenue, professional services

$

13,281

$

14,266

$

26,643

$

28,546

Less: Stock-based compensation

1,241

1,106

2,430

2,102

Cost of revenue, professional services, non-GAAP

$

12,040

$

13,160

$

24,213

$

26,444

Research and development

$

57,497

$

54,843

$

110,410

$

108,623

Less: Stock-based compensation

6,559

6,556

12,960

12,606

Less: Amortization of acquisition-related intangibles

—

495

—

990

Research and development, non-GAAP

$

50,938

$

47,792

$

97,450

$

95,027

Sales and marketing

$

109,017

$

104,025

$

213,502

$

205,696

Less: Stock-based compensation

10,108

9,890

19,955

19,641

Less: Amortization of acquisition-related intangibles

487

478

978

925

Sales and marketing, non-GAAP

$

98,422

$

93,657

$

192,569

$

185,130

General and administrative

$

27,083

$

28,922

$

53,125

$

56,159

Less: Stock-based compensation

8,756

8,404

17,078

17,062

General and administrative, non-GAAP

$

18,327

$

20,518

$

36,047

$

39,097

Income (loss) from operations

$

11,670

$

(22,146

)

$

26,991

$

(46,896

)

Add back: Stock-based compensation

29,751

28,467

58,358

56,355

Add back: Amortization of acquisition-related intangibles

1,566

1,912

3,053

3,764

Income from operations, non-GAAP

$

42,987

$

8,233

$

88,402

$

13,223

GAAP operating margin

4.6

%

(10.2

)%

5.4

%

(11.2

)%

Non-GAAP operating margin

16.8

%

3.8

%

17.6

%

3.1

%

Net income (loss)

$

13,442

$

(19,400

)

$

32,438

$

(40,771

)

Add back: Stock-based compensation

29,751

28,467

58,358

56,355

Add back: Amortization of acquisition-related intangibles

1,566

1,912

3,053

3,764

Net income - basic, non-GAAP

$

44,759

$

10,979

$

93,849

$

19,348

Net income - basic, non-GAAP

$

44,759

$

10,979

$

93,849

$

19,348

Add back: Interest expense, net of taxes(1)

2,893

—

5,785

—

Net income - diluted, non-GAAP

$

47,652

$

10,979

$

99,634

$

19,348

Net income (loss) per basic share

$

0.24

$

(0.35

)

$

0.59

$

(0.73

)

Net income per basic share, non-GAAP

$

0.80

$

0.20

$

1.70

$

0.34

Net income (loss) per diluted share

$

0.24

$

(0.35

)

$

0.58

$

(0.73

)

Net income per diluted share, non-GAAP

$

0.77

$

0.19

$

1.61

$

0.33

Weighted-average common shares outstanding - basic

55,638,926

56,076,723

55,259,608

56,133,286

Weighted-average common shares outstanding - diluted

56,056,066

56,076,723

55,819,175

56,133,286

Effect of potentially dilutive securities, non-GAAP

6,132,025

1,738,597

6,132,025

1,997,835

Weighted-average common shares outstanding - diluted, non-GAAP

62,188,091

57,815,320

61,951,200

58,131,121

Net cash provided by operating activities

$

78,308

50,311

104,784

42,953

Purchase of property and equipment

(332

)

(995

)

(1,060

)

(1,758

)

Free cash flow

$

77,976

$

49,316

$

103,724

$

41,195

Operating cash flow margin

30.7

%

23.4

%

20.8

%

10.2

%

Free cash flow margin

30.5

%

22.9

%

20.6

%

9.8

%

(1) Please refer to the Non-GAAP Financial Measures section for information about the methodology of this calculation as it is different across the periods presented.

TABLE II
WORKIVA INC.
RECONCILIATION OF NON-GAAP GUIDANCE

Three months ending September 30, 2026

Year ending December 31, 2026

GAAP operating margin

4.2

%

-

4.8

%

5.7

%

-

5.8

%

Add back: Stock-based compensation

12.2

%

-

12.1

%

11.7

%

-

11.6

%

Add back: Amortization of acquisition-related intangibles

0.6

%

-

0.6

%

0.6

%

-

0.6

%

Non-GAAP operating margin

17.0

%

-

17.5

%

18.0

%

-

18.0

%

Net income per diluted share, GAAP

$

0.21

-

$

0.25

$

1.21

-

$

1.22

Add back: Stock-based compensation

0.58

-

0.58

2.18

-

2.18

Add back: Amortization of acquisition-related intangibles

0.03

-

0.03

0.11

-

0.11

Add back: Interest expense, net of taxes

0.04

-

0.04

0.18

-

0.18

Effect of potentially dilutive securities

(0.07

)

-

(0.08

)

(0.30

)

-

(0.30

)

Net income per diluted share, non-GAAP

$

0.79

-

$

0.82

$

3.38

-

$

3.39

Weighted-average common shares used in calculating GAAP earnings per share, diluted

54,600,000

54,600,000

55,700,000

55,700,000

Weighted-average common shares used in calculating non-GAAP earnings per share, diluted

59,900,000

59,900,000

60,900,000

60,900,000

More News From Workiva Inc.

Workiva (WK - Free Report) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +20.31%. A quarter ago, it was expected that this maker of software for managing regulatory filings would post earnings of $0.66 per share when it actually produced earnings of $0.77, delivering a surprise of +16.67%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Workiva, which belongs to the Zacks Internet - Software industry, posted revenues of $255.29 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.74%. This compares to year-ago revenues of $215.19 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Workiva shares have lost about 29% since the beginning of the year versus the S&P 500's gain of 11%.

What's Next for Workiva?While Workiva has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Workiva was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.68 on $261.74 million in revenues for the coming quarter and $2.90 on $1.04 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the bottom 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Asana, Inc. (ASAN - Free Report) , has yet to report results for the quarter ended July 2026.

This company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Asana, Inc.'s revenues are expected to be $214.09 million, up 8.7% from the year-ago quarter.

Posted by Defense World Staff on Jul 27th, 2026

First Trust Advisors LP raised its position in Workiva Inc. (NYSE:WK – Free Report) by 16.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 862,936 shares of the software maker’s stock after buying an additional 121,643 shares during the period. First Trust Advisors LP owned 1.52% of Workiva worth $51,457,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Madison Asset Management LLC increased its holdings in shares of Workiva by 16.2% during the first quarter. Madison Asset Management LLC now owns 61,752 shares of the software maker’s stock worth $3,682,000 after buying an additional 8,614 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Workiva by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 17,110 shares of the software maker’s stock worth $1,020,000 after acquiring an additional 638 shares during the last quarter. Swiss National Bank grew its position in Workiva by 0.8% during the 1st quarter. Swiss National Bank now owns 98,521 shares of the software maker’s stock worth $5,875,000 after acquiring an additional 800 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Workiva by 10.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,962 shares of the software maker’s stock valued at $237,000 after purchasing an additional 373 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in Workiva by 23.6% during the 1st quarter. Principal Financial Group Inc. now owns 3,671 shares of the software maker’s stock valued at $219,000 after purchasing an additional 700 shares in the last quarter. 92.21% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades A number of equities analysts have commented on WK shares. Zacks Research lowered Workiva from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Robert W. Baird set a $74.00 target price on Workiva in a report on Wednesday, May 6th. Raymond James Financial reaffirmed an “outperform” rating and issued a $85.00 price target on shares of Workiva in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of Workiva from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Stifel Nicolaus decreased their price objective on shares of Workiva from $79.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Ten equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $88.50.

Get Our Latest Stock Report on Workiva

Insider Activity In other news, Director Robert H. Herz sold 1,000 shares of the company’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $49.69, for a total transaction of $49,690.00. Following the transaction, the director owned 34,802 shares of the company’s stock, valued at $1,729,311.38. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 4.77% of the stock is owned by company insiders.

Workiva Price Performance WK stock opened at $52.46 on Monday. The company has a 50 day moving average price of $50.45 and a 200 day moving average price of $59.39. Workiva Inc. has a fifty-two week low of $43.34 and a fifty-two week high of $97.10. The stock has a market capitalization of $2.94 billion, a PE ratio of 228.10 and a beta of 0.50.

Workiva (NYSE:WK – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The software maker reported $0.77 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.11. The firm had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. Workiva had a negative return on equity of 68.43% and a net margin of 1.53%.The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Workiva has set its FY 2026 guidance at 2.850-2.950 EPS and its Q2 2026 guidance at 0.620-0.650 EPS. As a group, equities analysts expect that Workiva Inc. will post 0.92 earnings per share for the current fiscal year.

Workiva Company Profile (Free Report)

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.

See Also Five stocks we like better than Workiva RTX and Lockheed Earnings: Can Strong Guidance Reset the Defense Trade? These 4 Earnings Reports Expose the Market’s Growing Economic Divide Broadcom May Be the Biggest Winner From Alphabet’s Earnings Volatility Is Back and These 3 Market Tollbooths Are Best Positioned to Profit Want to see what other hedge funds are holding WK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Workiva Inc. (NYSE:WK – Free Report).

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NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), a leading, AI-powered platform for trust, transparency, and accountability, today announced that it will release financial results for the second quarter ended June 30, 2026 following the close of the market on August 4, 2026. The company will host a conference call and a live webcast to discuss its financial results. The conference call will begin at 5:00 p.m. Eastern Time on August 4, 2026, and can be accessed by dialing 1-833-630-1956 (U.S.

Choosing between a profitable veteran and a high-growth specialist often defines the journey for investors in NICE (NICE +1.93%) and Workiva (WK +4.12%) as they evaluate the better buy today.

NICE specializes in automating customer service through artificial intelligence, while Workiva provides a unified cloud platform for complex financial and regulatory reporting. Though they serve different corporate needs, both companies are competing for central roles in the digital transformation of modern enterprise operations.

The case for NICENICE focuses on providing AI-powered customer experience platforms that automate engagements and support contact-center operations worldwide. The company serves organizations in more than 150 countries, offering tools for digital messaging, intelligent routing, and workforce engagement to streamline how businesses interact with their clients. By integrating artificial intelligence into its core products, the company helps organizations handle high volumes of customer inquiries with less manual intervention. This strategy positions the firm as a key player among tech stocks that help businesses reduce costs through automation.

In FY 2025, revenue reached nearly $2.9 billion, representing a growth rate of approximately 7.7% over the previous year. The company reported a net income of close to $612.1 million for the same period, which is the total profit remaining after all expenses are paid. This performance resulted in a net margin of roughly 20.8%, which measures the percentage of revenue that turns into actual profit. This trend of rising net income reflects the company's ability to scale its cloud services while maintaining a disciplined approach to its spending.

As of its December 2025 balance sheet, the debt-to-equity ratio was 0.0x, meaning the company carries no debt relative to its shareholder equity. The current ratio stands at approximately 1.6x, indicating the company has $1.60 in current assets for every $1.00 in short-term liabilities. Free cash flow for FY 2025 was nearly $703.2 million, which is the cash a company generates after accounting for the money spent to maintain or expand its asset base. Note that stock-based compensation represented roughly 20.2% of operating cash flow, which inflates reported cash generation since this is a non-cash expense added back in the cash flow statement.

The case for WorkivaWorkiva provides a cloud-based platform designed for connected reporting and compliance across various workflows, including financial reporting and sustainability. The company serves over 6,600 organizations globally, including more than 85% of the Fortune 1,000, making it a standard for complex data management. However, more than 35% of its total revenue comes from customers using the platform specifically for SEC filings, which adds a layer of risk to the business. To mitigate this, the company is expanding its focus into environmental, social, and governance reporting to capture new regulatory demand.

For FY 2025, revenue hit close to $884.6 million, showing a robust growth rate of nearly 19.7% compared to the prior year. Despite this strong top-line expansion, the company reported a net loss of approximately $26.2 million for the fiscal year. This resulted in a net margin of roughly -3.0%, although this is an improvement from the deeper net losses recorded in earlier years. The focus for the company remains on capturing market share in the compliance space, even as it works toward consistent bottom-line profitability.

As of its December 2025 balance sheet, the current ratio is roughly 1.6x, suggesting a healthy ability to cover short-term financial obligations. Free cash flow for FY 2025 was approximately $138.0 million, representing the cash remaining after capital expenditures.

Risk profile comparisonNICE faces significant competition from large enterprise software providers and specialized technology firms that are also integrating generative AI into customer service tools. If the company fails to maintain its technological edge, it could see its market share erode as competitors offer lower-priced or more integrated solutions. Furthermore, as an international company, it is sensitive to fluctuations in global economic conditions that might cause large organizations to delay or reduce their spending on software upgrades. The rapid pace of innovation in artificial intelligence requires constant investment to prevent its platforms from becoming obsolete.

Workiva carries a heavy concentration risk, as over 35% of its revenue depends on customers using its platform for SEC filings, making it vulnerable to changes in financial reporting regulations. The company also faces intense competition from Microsoft and other diversified enterprise providers that may offer competing reporting tools within their existing software suites. Because it relies heavily on Amazon and its AWS infrastructure, any service disruptions or price hikes from its cloud provider could impact operations. Additionally, the company must manage complex global data privacy laws like GDPR, as a data breach involving sensitive financial information could lead to severe legal and financial penalties.

Valuation comparisonNICE currently trades at a significant discount to both Workiva and the broader tech sector based on its projected earnings and revenue multiples.

MetricNICEWorkivaSector BenchmarkForward P/E7.8x16.1x36.4xP/S ratio1.7x3.0xn/aSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

I'd go with Workiva. NICE is a well-established, profitable business with a strong foothold in AI-powered customer experience software, and its AI annual recurring revenue is growing at an impressive clip. But the stock has had a rough stretch, weighed down by weaker-than-expected revenue guidance and analyst price target cuts. For a company of its size and maturity, that's a harder story to get excited about right now.

Workiva, meanwhile, is hitting its stride. The company just crossed the billion-dollar revenue threshold, subscription revenue is growing at a healthy rate, and management raised its full-year outlook after a strong first quarter. And its platform sits at the center of enterprise compliance and reporting. This may not be the flashiest niche, but an incredibly sticky one.

The stock has pulled back quite a bit in 2026, which makes the entry point more attractive than it's been in a while. For a patient investor, that kind of setup is worth paying attention to.

ORSER Capital Management, LLC disclosed a sale of 43,215 shares of Workiva (WK +0.33%) in its April 16, 2026, SEC filing, with an estimated transaction value of $3.01 million based on quarterly average pricing.

What happenedAccording to an SEC filing dated April 16, 2026, ORSER Capital Management, LLC reduced its holding in Workiva by 43,215 shares during the first quarter of 2026. The estimated transaction value is $3.01 million, calculated using the average closing price over the quarter. The fund ended the period with 3,972 shares, and the position's quarter-end value decreased by $3.83 million, reflecting both trading and price movement.

What else to knowFollowing the sale, Workiva represents 0.15% of ORSER Capital Management's 13F AUM.

Top holdings after the filing:

NASDAQ: VGSH: $16.85 million (11.0% of AUM)NASDAQ: NVDA: $13.90 million (9.1% of AUM)NYSE: CRS: $9.67 million (6.3% of AUM)NYSEMKT: IQLT: $9.23 million (6.0% of AUM)NASDAQ: GOOGL: $8.56 million (5.6% of AUM)As of April 15, 2026, Workiva shares were priced at $56.47, down 18.7% over the past year, underperforming the S&P 500 by 47.45 percentage points.

Company OverviewMetricValuePrice (as of market close 2026-04-15)$56.47Market Capitalization$3.21 billionRevenue (TTM)$884.57 millionNet Income (TTM)$-26.17 millionCompany SnapshotOffers a cloud-based platform for compliance, regulatory reporting, data integration, and workflow management, serving as the core product suite.Serves public and private companies, government agencies, and higher-education institutions across global markets.Operates a SaaS (software-as-a-service) business model, supporting recurring revenue streams and integration with enterprise systems.Workiva Inc. provides secure, collaborative cloud-based compliance and regulatory reporting solutions worldwide, with its platform offering integration with enterprise systems and services supporting complex reporting and compliance needs.

What this transaction means for investorsOrser Capital Management, a Texas-based investment advisor, recently disclosed the sale of approximately 43,000 shares of Workiva during the first quarter of 2026 (the three months ending on March 31, 2026). Here are some key takeaways for investors.

Workiva is a software-as-a-service (SaaS) stock. Shares have struggled recently. Year to date, the stock has declined by 33%, as the software sector has struggled.

Yet, for investors, this recent decline could offer an opportunity. Workiva’s price-to-sales (P/S) ratio has declined to multiple-year lows. The stock’s P/S ratio now stands at 3.7x, within a whisper of its three-year low of 3.4x. Indeed, Workiva is now significantly below its three-year average P/S ratio of 6.8x.

For investors seeking exposure to the software sector, Workiva might be worth consideration, given its recent pullback and its multi-year lows in valuation.

Jake Lerch has positions in Alphabet and Nvidia. The Motley Fool has positions in and recommends Alphabet, Nvidia, and Workiva. The Motley Fool has a disclosure policy.

Technology stocks experienced a wild ride in the first quarter of 2026. Artificial intelligence (AI) went from a catalyst boosting share prices to a cause for the "Great Rotation" away from the sector this year. Wall Street became concerned that AI might dismantle existing business models of several companies, particularly those in the software-as-a-service (SaaS) sector.

With the arrival of Q2, the Great Rotation already appears to be over. The tech-heavy Nasdaq Composite achieved a record high close on April 15 and an intraday high on April 24 after plunging into correction territory in Q1.

Even so, some great companies enjoying growth thanks to AI remain available at attractive prices. Three stocks in this camp are Salesforce (CRM 0.71%), Workiva (WK +0.33%), and SentinelOne (S +0.00%).

Image source: Getty Images.

Reasons to consider Salesforce stock Wall Street sees AI agents taking over the work of customer service representatives, one of Salesforce's key markets. This was a factor in investors dumping the company's shares during the Great Rotation.

AI is expected to significantly transform the customer service sector, but Salesforce has already taken action to maintain its relevance with clients. It unveiled its own AI agents through the Agentforce brand in 2024. In fact, it's actively helping clientele adopt AI.

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Accelerating AI adoption means customers don't need to leave Salesforce to bring the technology to their organizations. Moreover, the company's AI not only helps clients reduce costs and improve efficiencies, it also helps to grow revenue. Salesforce is using AI agents to follow up on sales leads that were once ignored due to a lack of manpower.

The tech titan's efforts are paying off. It announced record revenue of $11.2 billion for its fiscal fourth quarter 2026, ended Jan. 31, up 12% year over year. In a sign that customers are embracing its AI offerings, Agentforce adoption is rising quickly; the number of accounts using AI jumped 50% in Q4 compared to Q3.

Why Workiva stock is a buy Workiva's software platform helps businesses with financial reporting and compliance with regulatory requirements. The Great Rotation punished the company as shares plunged nearly 40% year to date through April 27. The sell-off was driven by the fear that AI would disrupt Workiva's SaaS-based business.

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The reality is more nuanced. Workiva's role in supporting CFOs is not easily replaced by nascent AI rivals. The company is also ensuring that doesn't happen with AI capabilities integrated into its platform. This streamlines work for customers and delivers AI-powered insights for decision-making while protecting sensitive financial data.

I became interested in Workiva after New York-based hedge fund 13D Management scooped up over 50,000 shares worth nearly $4.5 million. Digging into the company, I found a thriving business.

Workiva's Q4 sales of $239 million represented 20% year-over-year growth. Its net income of $11.8 million is a significant reversal from a net loss of $8.8 million in the previous year.

One of Wall Street's concerns over SaaS companies is that revenue is reliant on the number of users. As AI removes users, revenue is expected to drop. Workiva doesn't charge based on users. Its fees depend on how customers use the platform, such as the number of features they want to access. For example, if a client needs to add carbon credits tracking, Workiva provides this.

SentinelOne's AI resilience SentinelOne integrated AI into its cybersecurity platform from the ground up, years before the technology's boom in the stock market. It was one of the reasons why I invested in the company long ago.

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Its shares were hit hard during the Great Rotation, falling to a 52-week low of $11.81 on April 10. Wall Street was spooked after AI giant Anthropic released an artificial intelligence agent capable of identifying software vulnerabilities, causing a widespread sell-off in cybersecurity stocks.

The fears are overblown because protection against cyberattacks is critical in today's digital-dependent society, making SentinelOne's services a necessity for its customers. Moreover, its status as an AI cybersecurity platform strengthens its position amid new, unproven AI competitors.

The company's excellent performance indicates customers remain loyal to its AI-powered platform. SentinelOne hit $1 billion in revenue, a 22% year-over-year increase, in its 2026 fiscal year ended Jan. 31. The company expects another year of strong growth in fiscal 2027, forecasting sales of $1.2 billion.

SentinelOne, along with Workiva and Salesforce, have seen share price valuations reach low points in 2026 as illustrated by their forward price-to-sales ratios (P/S).

Data by YCharts.

The chart shows all three experienced substantial drops in their forward sales multiples this year, suggesting their stocks are at attractive prices. Although SentinelOne and Salesforce have seen a recent rise in forward P/S, both remain at low levels compared to the past year.

Given that Salesforce, Workiva, and SentinelOne are all achieving revenue growth bolstered by the AI tailwind, their recent price corrections offer a compelling opportunity to buy their stocks for the long term.

Fiscal first quarter subscription & support revenue increased by 21%

Total revenue was $247 million, up 20% year-over-year

GAAP operating margin was 6.2%, non-GAAP operating margin was 18.4%

Repurchased $50 million worth of Class A common stock under the 2024 share repurchase plan

NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE: WK), a leading, AI-powered platform for trust, transparency, and accountability, today announced financial results for its first quarter ended March 31, 2026.

“Q1 2026 was another strong quarter as organizations across every industry turn to Workiva as their platform of trust for the Office of the CFO,” said Julie Iskow, President & Chief Executive Officer. “In a world where AI is accelerating the pace of change, the tolerance for error in financial reporting, sustainability, and governance, risk and compliance is zero, and our customers increasingly rely on us to ensure that every number and every narrative is accurate, traceable, and audit-ready.”

“Our first quarter results reflect strong execution across the business, with 21% subscription revenue growth and a non-GAAP operating margin of 18.4%, a 1,600 basis-point improvement compared to a year ago,” said Barbara Larson, Chief Financial Officer. “This level of margin expansion, while sustaining durable top-line growth, demonstrates the operating leverage we are building in the business and reflects the disciplined foundation we've established to drive growth at scale.”

First Quarter 2026 Financial Results

Revenue: Total revenue for the first quarter of 2026 reached $247 million, an increase of 20% from $206 million in the first quarter of 2025. Subscription and support revenue contributed $225 million, up 21% versus the first quarter of 2025. Professional services revenue was $22 million, up slightly from the first quarter of 2025. Operating Margin: GAAP operating margin for the first quarter of 2026 was 6.2% compared to (12.0)% in the prior year's first quarter. Non-GAAP operating margin was 18.4% compared to 2.4% in the first quarter of 2025. GAAP Net Income (Loss): GAAP net income for the first quarter of 2026 was $19 million compared with a net loss of $(21) million for the prior year's first quarter. GAAP net income per basic share and diluted share was $0.33, compared with a net loss per basic and diluted share of $(0.38) in the first quarter of 2025. Non-GAAP Net Income: Non-GAAP net income for the first quarter of 2026 was $49 million compared with non-GAAP net income of $8 million in the prior year's first quarter. Non-GAAP net income per basic share and diluted share in the first quarter of 2026 was $0.86 and $0.77, respectively, compared with non-GAAP net income per basic share and diluted share of $0.15 and $0.14, respectively, in the first quarter of 2025. Liquidity: As of March 31, 2026, Workiva had cash, cash equivalents, and marketable securities totaling $863 million, compared with $892 million as of December 31, 2025. Workiva had $71 million aggregate principal amount of 1.125% convertible senior notes due in 2026, $702 million aggregate principal amount of 1.250% convertible senior notes due in 2028, and $14 million of finance lease obligations outstanding as of March 31, 2026. Key Metrics and Recent Business Highlights

Customers: Workiva had 6,665 customers as of March 31, 2026, a net increase of 280 customers from March 31, 2025. Retention Rate: As of March 31, 2026, Workiva's gross retention rate was 97%, and the net retention rate was 112%. Net retention includes changes in both solutions and pricing for existing customers. Large Contracts: As of March 31, 2026, Workiva had 2,575 customers with an annual contract value (“ACV”) of more than $100,000, up 24% from 2,079 customers at March 31, 2025. Workiva had 605 customers with an ACV of more than $300,000, up 38% from 439 customers in the first quarter of 2025. Workiva had 265 customers with an ACV of more than $500,000, up 39% from 191 customers in the first quarter of 2025. Share Repurchase Plan: On July 30, 2024, our board of directors authorized a share repurchase plan for up to $100 million of our outstanding Class A common stock. On February 16, 2026, our board of directors modified the repurchase plan to authorize an additional $250 million of the Company’s outstanding Class A common stock for repurchase under the plan. During the first quarter of 2026, Workiva purchased approximately 763,000 shares for $50 million under the plan. As of March 31, 2026, approximately $228 million remained available under the plan for future share repurchases. Financial Outlook

As of May 5, 2026, Workiva is providing guidance as follows:

Second Quarter 2026 Guidance:

Total revenue is expected to be in the range of $250 million to $252 million. GAAP operating margin is expected to be in the range of 1.6% to 2.2%. Non-GAAP operating margin is expected to be in the range of 14.5% to 15.0%. GAAP net income per diluted share is expected to be in the range of $0.12 to $0.15 using 57.0 million shares. Non-GAAP net income per diluted share is expected to be in the range of $0.62 to $0.65 using 63.2 million shares. Full Year 2026 Guidance:

Total revenue is expected to be in the range of $1.037 billion to $1.041 billion. GAAP operating margin is expected to be in the range of 3.8% to 4.3%. Non-GAAP operating margin is expected to be in the range of 16.0% to 16.5%. GAAP net income per diluted share is expected to be in the range of $0.89 to $0.99 using 57.1 million shares. Non-GAAP net income per diluted share is expected to be in the range of $2.85 to $2.95 using 62.3 million shares. Free cash flow margin is expected to be approximately 20%. Quarterly Conference Call

Workiva will host a webcast today at 5:00 p.m. Eastern Time to review the Company’s financial results for the first quarter 2026, in addition to discussing the Company’s outlook for the second quarter and full year 2026. The call can be accessed by dialing 1-833-630-1956 (U.S. domestic) or 1-412-317-1837 (international). Additionally, a live webcast and replay will be available at https://investor.workiva.com/news-events/events.

About Workiva

Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Accounting, finance, sustainability, risk and audit teams from more than 6,600 organizations, including over 85% of Fortune 1,000 companies rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, audit-ready, AI-powered collaborative platform. Learn more at workiva.com.

Non-GAAP Financial Measures

The non-GAAP adjustments referenced herein relate to the exclusion of stock-based compensation and amortization of acquisition-related intangible assets. A reconciliation of GAAP to non-GAAP historical financial measures has been provided in Table I at the end of this press release. A reconciliation of GAAP to non-GAAP guidance has been provided in Table II at the end of this press release.

Workiva believes that the use of non-GAAP gross profit, non-GAAP income from operations and non-GAAP operating margin, non-GAAP net income, non-GAAP net income per share, free cash flow and free cash flow margin is helpful to its investors. These measures, which are referred to as non-GAAP financial measures, are not prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Workiva’s management uses these non-GAAP financial measures as tools for financial and operational decision making and for evaluating Workiva’s own operating results over different periods of time.

Non-GAAP gross profit is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible assets attributable to cost of revenues from gross profit. Non-GAAP income from operations is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible assets from loss from operations. Non-GAAP operating margin is the ratio calculated by dividing non-GAAP income from operations by revenues. Non-GAAP net income is calculated by excluding stock-based compensation expense, net of tax and amortization expense for acquisition-related intangible assets from net income (loss). Non-GAAP net income per share is calculated by dividing non-GAAP net income by the weighted- average shares outstanding as presented in the calculation of GAAP net income (loss) per share. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s non-cash expenses, Workiva believes that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between its operating results from period to period. For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition and thus we do not believe they are reflective of ongoing operations.

Free cash flow, a non-GAAP measure, represents cash flow from operating activities less purchase of property and equipment. Free cash flow margin is calculated by dividing free cash flow by total revenue. We consider free cash flow and free cash flow margin to be liquidity measures that provide useful information to investors about the amount of cash generated or used by the business.

Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in Workiva’s industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on Workiva’s reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in Workiva’s business and an important part of the compensation provided to its employees. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Investors should review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included below, and not rely on any single financial measure to evaluate Workiva’s business.

Forward-Looking Statements

Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company’s expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential," "outlook," "guidance," "target," "goal," "project," "continue to," "confident," or the negative of those terms or other comparable terminology.

Please see the Company’s documents filed or to be filed with the Securities and Exchange Commission, including the Company’s annual reports filed on Form 10-K and quarterly reports on Form 10-Q, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this report. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

WORKIVA INC.

  CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except share and per share amounts)

  Three months ended March 31,

2026

2025

(unaudited)

Revenue

Subscription and support

$

225,355

$

185,512

Professional services

21,951

20,768

Total revenue

247,306

206,280

Cost of revenue

Subscription and support (1)

35,183

34,062

Professional services (1)

13,362

14,280

Total cost of revenue

48,545

48,342

Gross profit

198,761

157,938

Operating expenses

Research and development (1)

52,913

53,780

Sales and marketing (1)

104,485

101,671

General and administrative (1)

26,042

27,237

Total operating expenses

183,440

182,688

Income (loss) from operations

15,321

(24,750

)

Interest income

8,103

8,747

Interest expense

(3,194

)

(3,195

)

Other income (expense), net

398

(233

)

Income (loss) before provision for income taxes

20,628

(19,431

)

Provision for income taxes

1,632

1,940

Net income (loss)

$

18,996

$

(21,371

)

Net income (loss) per common share:

Basic

$

0.33

$

(0.38

)

Diluted

$

0.33

$

(0.38

)

Weighted-average common shares outstanding

Basic

56,885,568

56,157,533

Diluted

58,441,679

56,157,533

(1) Includes stock-based compensation expense as follows:

Three months ended March 31,

2026

2025

(unaudited)

Cost of revenue

Subscription and support

$

2,848

$

2,433

Professional services

1,189

996

Operating expenses

Research and development

6,401

6,050

Sales and marketing

9,847

9,751

General and administrative

8,322

8,658

WORKIVA INC.

  CONSOLIDATED BALANCE SHEETS

(in thousands)

  March 31, 2026

December 31, 2025

(unaudited)

Assets

Current assets

Cash and cash equivalents

$

334,260

$

338,769

Marketable securities

529,116

552,852

Accounts receivable, net

138,109

168,984

Deferred costs

64,793

62,619

Other receivables

7,925

10,383

Prepaid expenses and other

33,939

28,778

Total current assets

1,108,142

1,162,385

Property and equipment, net

19,832

20,546

Operating lease right-of-use assets

10,577

13,986

Deferred costs, non-current

53,958

59,767

Goodwill

204,174

206,164

Intangible assets, net

21,511

22,270

Other assets

7,184

8,453

Total assets

$

1,425,378

$

1,493,571

Liabilities and Stockholders’ Deficit

Current liabilities

Accounts payable

$

10,665

$

8,932

Accrued expenses and other current liabilities

89,316

113,115

Deferred revenue

514,310

547,919

Convertible senior notes, current

71,140

71,072

Finance lease obligations

623

614

Total current liabilities

686,054

741,652

Convertible senior notes, non-current

696,807

696,263

Deferred revenue, non-current

35,001

37,305

Other long-term liabilities

102

92

Operating lease liabilities, non-current

6,965

10,472

Finance lease obligations, non-current

13,064

13,223

Total liabilities

1,437,993

1,499,007

Stockholders’ deficit

Common stock

57

57

Additional paid-in-capital

699,649

720,923

Accumulated deficit

(714,856

)

(733,852

)

Accumulated other comprehensive income

2,535

7,436

Total stockholders’ deficit

(12,615

)

(5,436

)

Total liabilities and stockholders’ deficit

$

1,425,378

$

1,493,571

WORKIVA INC.

  CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

  Three months ended March 31,

2026

2025

(unaudited)

Cash flows from operating activities

Net income (loss)

$

18,996

$

(21,371

)

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities

Depreciation and amortization

2,516

2,893

Stock-based compensation expense

28,607

27,888

(Recovery of) provision for doubtful accounts

(118

)

12

Accretion of premiums and discounts on marketable securities, net

(801

)

(1,695

)

Amortization of debt discount and issuance costs

612

610

Gain on lease modification

(307

)

—

Deferred income tax

(269

)

(64

)

Changes in assets and liabilities:

Accounts receivable

30,156

30,636

Deferred costs

2,878

4,093

Operating lease right-of-use assets

1,260

1,329

Other receivables

2,439

994

Prepaid expenses and other

(5,221

)

(5,653

)

Other assets

1,233

(648

)

Accounts payable

1,971

6,651

Deferred revenue

(33,255

)

(18,438

)

Operating lease liabilities

(1,167

)

(831

)

Accrued expenses and other liabilities

(23,054

)

(33,764

)

Net cash provided by (used in) operating activities

26,476

(7,358

)

Cash flows from investing activities

Purchase of property and equipment

(728

)

(763

)

Purchase of marketable securities

(91,501

)

(102,965

)

Maturities of marketable securities

114,350

94,614

Acquisitions, net of cash acquired

(750

)

—

Purchase of intangible assets

(26

)

(19

)

Net cash provided by (used in) investing activities

21,345

(9,133

)

Cash flows from financing activities

Proceeds from option exercises

729

631

Taxes paid related to net share settlements of stock-based compensation awards

(8,662

)

(12,922

)

Proceeds from shares issued in connection with employee stock purchase plan

8,052

7,535

Repurchases of Class A common stock

(50,000

)

(40,118

)

Principal payments on finance lease obligations

(150

)

(138

)

Net cash used in financing activities

(50,031

)

(45,012

)

Effect of foreign exchange rates on cash

(2,299

)

1,889

Net decrease in cash, cash equivalents, and restricted cash

(4,509

)

(59,614

)

Cash, cash equivalents, and restricted cash at beginning of period

339,481

302,350

Cash, cash equivalents, and restricted cash at end of period

$

334,972

$

242,736

Three months ended March 31,

2026

2025

(unaudited)

Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets

Cash and cash equivalents at end of period

$

334,260

$

242,024

Restricted cash included within prepaid expenses and other at end of period

712

712

Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows

$

334,972

$

242,736

TABLE I

WORKIVA INC.

RECONCILIATION OF NON-GAAP INFORMATION

(in thousands, except share and per share)

  Three months ended March 31,

2026

2025

Gross profit, subscription and support

$

190,172

$

151,450

Add back: Stock-based compensation

2,848

2,433

Add back: Amortization of acquisition-related intangibles

996

909

Gross profit, subscription and support, non-GAAP

$

194,016

$

154,792

Gross profit, professional services

$

8,589

$

6,488

Add back: Stock-based compensation

1,189

996

Gross profit, professional services, non-GAAP

$

9,778

$

7,484

Gross profit

$

198,761

$

157,938

Add back: Stock-based compensation

4,037

3,429

Add back: Amortization of acquisition-related intangibles

996

909

Gross profit, non-GAAP

$

203,794

$

162,276

Cost of revenue, subscription and support

$

35,183

$

34,062

Less: Stock-based compensation

2,848

2,433

Less: Amortization of acquisition-related intangibles

996

909

Cost of revenue, subscription and support, non-GAAP

$

31,339

$

30,720

Cost of revenue, professional services

$

13,362

$

14,280

Less: Stock-based compensation

1,189

996

Cost of revenue, professional services, non-GAAP

$

12,173

$

13,284

Research and development

$

52,913

$

53,780

Less: Stock-based compensation

6,401

6,050

Less: Amortization of acquisition-related intangibles

—

495

Research and development, non-GAAP

$

46,512

$

47,235

Sales and marketing

$

104,485

$

101,671

Less: Stock-based compensation

9,847

9,751

Less: Amortization of acquisition-related intangibles

491

447

Sales and marketing, non-GAAP

$

94,147

$

91,473

General and administrative

$

26,042

$

27,237

Less: Stock-based compensation

8,322

8,658

General and administrative, non-GAAP

$

17,720

$

18,579

Income (loss) from operations

$

15,321

$

(24,750

)

Add back: Stock-based compensation

28,607

27,888

Add back: Amortization of acquisition-related intangibles

1,487

1,851

Income from operations, non-GAAP

$

45,415

$

4,989

GAAP operating margin

6.2

%

(12.0

)%

Non-GAAP operating margin

18.4

%

2.4

%

Net income (loss)

$

18,996

$

(21,371

)

Add back: Stock-based compensation

28,607

27,888

Add back: Amortization of acquisition-related intangibles

1,487

1,851

Net income, non-GAAP

$

49,090

$

8,368

Net income (loss) per basic share

$

0.33

$

(0.38

)

Add back: Stock-based compensation

0.50

0.50

Add back: Amortization of acquisition-related intangibles

0.03

0.03

Net income per basic share, non-GAAP

$

0.86

$

0.15

Net income (loss) per diluted share

$

0.33

$

(0.38

)

Net income per diluted share, non-GAAP

$

0.77

$

0.14

Weighted-average common shares outstanding - diluted

58,441,679

56,157,533

Weighted-average common shares outstanding - diluted, non-GAAP

63,684,917

58,480,150

Net cash provided by (used in) operating activities

$

26,476

(7,358

)

Purchase of property and equipment

(728

)

(763

)

Free cash flow

$

25,748

$

(8,121

)

Operating cash flow margin

10.7

%

(3.6

)%

Free cash flow margin

10.4

%

(3.9

)%

TABLE II

WORKIVA INC.

RECONCILIATION OF NON-GAAP GUIDANCE

  Three months ending
June 30, 2026

Year ending
December 31, 2026

GAAP operating margin

1.6

%

-

2.2

%

3.8

%

-

4.3

%

Add back: Stock-based compensation

12.3

%

-

12.2

%

11.6

%

-

11.6

%

Add back: Amortization of acquisition-related intangibles

0.6

%

-

0.6

%

0.6

%

-

0.6

%

Non-GAAP operating margin

14.5

%

-

15.0

%

16.0

%

-

16.5

%

Net income per diluted share, GAAP

$

0.12

-

$

0.15

$

0.89

-

$

0.99

Add back: Stock-based compensation

0.54

-

0.54

2.11

-

2.11

Add back: Amortization of acquisition-related intangibles

0.03

-

0.03

0.11

-

0.11

Effect of potentially dilutive securities

(0.07

)

-

(0.07

)

(0.26

)

-

(0.26

)

Net income per diluted share, non-GAAP

$

0.62

-

$

0.65

$

2.85

-

$

2.95

Weighted-average common shares used in calculating GAAP earnings per share, diluted

57,000,000

57,000,000

57,100,000

57,100,000

Weighted-average common shares used in calculating non-GAAP earnings per share, diluted

63,200,000

63,200,000

62,300,000

62,300,000

More News From Workiva Inc.

Workiva Inc. (WK) Q1 2026 Earnings Call Transcript

Many software-as-a-service (SaaS) companies have plummeted in value in 2026, as investors worry that artificial intelligence (AI) will disrupt their businesses. Workiva (WK +0.33%) is one of the victims of the so-called "SaaSpocalypse," and following a 39% decline this year, its stock is now down 68% from its 2021 record high.

The company typically flies under the radar because of its relatively "boring" portfolio of software products, which help organizations manage their compliance obligations. However, it's generating solid revenue growth, and it's attracting high-spending customers at a lightning-fast pace.

As a result, the overwhelming majority of the analysts tracked by The Wall Street Journal have given Workiva a buy rating, and none recommend selling. Their average price target also points to strong upside over the next 12 months, so here's why it might be time to buy the dip.

Image source: Getty Images.

Workiva probably won't fall victim to AI Managers inside large organizations are often tasked with compiling data from across dozens or even hundreds of digital applications that their employees use each day. This is a time-consuming endeavor prone to errors, as critical information is manually transferred to a central location.

Workiva's software solves those problems by plugging into every major third-party productivity app, storage platform, and system of record, and automatically aggregating all of their data onto one dashboard. From there, managers can use Workiva's ready-made templates to rapidly compile reports for regulators or even their executive team.

There are a couple of reasons Workiva probably won't fall victim to the broader AI revolution. First, unlike most software companies, Workiva charges its customers based on the value it provides, rather than using a traditional per-user subscription model. This nullifies concerns that Workiva will lose revenue if AI shrinks the global workforce.

Second, data aggregation software needs to be fast, seamless, and perfectly accurate. A large company could technically use AI coding tools to build its own version of Workiva, but there is no guarantee it will be as proficient. When crafting regulatory reports, nothing less than perfection is acceptable, which is why I think most companies would prefer to rely on the experts at a third-party vendor like Workiva.

Today's Change

(

0.33

%) $

0.16

Current Price

$

49.29

Plus, Workiva is actually using AI to its advantage right now. It launched an AI-powered assistant called Workiva AI last year, which introduced new capabilities to its platform. With a few simple prompts, it can turn tabulated data into useful insights, or draft generic disclosures for regulatory filings. Moreover, the company launched a series of AI agents this year designed to uncover risks, identify trends in data, and summarize complex disclosures in plain language.

No sign of a spending slowdown Workiva generated $247 million in revenue during the first quarter, which was up 20% year over year, and topped the company's $245 million forecast. The strong result prompted management to issue revenue guidance of $1.039 billion for the whole of 2026, which was a modest increase of $1 million from its prior forecast.

The company's customer base grew by just 4% during the first quarter to 6,665 enterprises, but it experienced far more explosive growth among the highest-spending cohorts. The company had 605 customers with annual contract values of at least $300,000, which jumped by 38%, and 265 customers with annual contract values of at least $500,000, which surged by 39%.

Moreover, Workiva's net revenue retention rate was 112% in the first quarter, up from 110% in the same quarter last year. This suggests existing customers increased their spending by 12% over the 12-month period.

To cap off the strong quarter, Workiva held its operating costs steady, which resulted in a generally accepted accounting principles (GAAP) profit of $18.9 million. That was a big positive swing from the $21.3 million loss the company generated in the year-ago period.

Workiva stock looks cheap The Wall Street Journal tracks 13 analysts who cover Workiva stock, and 11 have given it a buy rating. The remaining two are in the overweight (bullish) camp, so no analysts recommend selling.  The analysts have an average price target of $84.55, implying a potential upside of 71% in the stock over the next 12 months. The Street-high target of $102 points to an even higher potential return of 106%.

In my view, both of those targets are achievable because of Workiva's valuation. Its price-to-sales (P/S) ratio is just 3.2, which is not only the cheapest level in five years, but it's also more than 50% below its five-year average of 8.6.

WK PS Ratio data by YCharts

As a result, I think Workiva stock could be a solid addition to any diversified portfolio, especially for long-term investors who are willing to hold for the next three to five years, by which point the recent SaaSpocalypse will probably be nothing more than a memory.

-

NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), a leading, AI-powered platform for trust, transparency, and accountability, today announced its participation at the following events:

J.P. Morgan 2026 Global Technology, Media and Communications Conference: Julie Iskow, President and Chief Executive Officer, will present on May 20, 2026 at 9:20 a.m. Eastern Time. William Blair 46th Annual Growth Stock Conference: Barbara Larson, Chief Financial Officer, will present on June 3, 2026 at 4:00 p.m. Central Time. Baird 2026 Global Consumer, Technology & Services Conference: Julie Iskow, President and Chief Executive Officer, will present on June 4, 2026 at 12:15 p.m. Eastern Time. A live webcast and replay will be available for a limited time at https://investor.workiva.com/news-events/events.

About Workiva
Workiva Inc. (NYSE: WK) powers trust, transparency, and accountability. Accounting, finance, sustainability, risk and audit teams from more than 6,600 organizations, including over 85% of Fortune 1,000 companies rely on Workiva for their mission-critical work. We transform how customers connect data, unify processes, and empower teams in a secure, audit-ready, AI-powered collaborative platform. Learn more at workiva.com.

More News From Workiva Inc.

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Workiva Inc. (WK) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript

On May 21, 2026, Workiva Inc WK shares rose 3.0% today, bringing the current price to $50.02. The stock has seen a 52-week range between $43.34 and $97.10, reflecting significant volatility over the past year.

GF Value™ verdict: Current price is $50.02 vs GF Value™ of $105.82, indicating a potential upside of 52.7%.GF Score™ is 59/100, suggesting average performance in terms of long-term returns.Most notable signal: The momentum rank is 2/10, indicating weak price trends. Is WK Overvalued or Undervalued? According to GF Value™, Workiva Inc is currently undervalued, with a substantial margin of safety as the shares trade at $50.02 compared to a GF Value™ estimate of $105.82. This presents an opportunity for potential investors, as the stock is priced 52.7% below its intrinsic value. However, the GF Valuation label indicates that the stock may also represent a possible value trap, which suggests caution should be exercised before making any decisions. GF Value™ is GuruFocus' proprietary measure of intrinsic value, calculated from historical trading multiples, past business growth, and future performance estimates.

The significant gap between the current price and the GF Value™ estimate highlights the potential for recovery, but investors must consider the inherent risks associated with a low GF Score™ and weak financial strength ratings, which could impact future performance.

How Does WK's Valuation Compare to Its History? Metric Current Historical P/E (TTM) 208.4x 219.8x Forward P/E 17.8x N/A Workiva's current P/E (TTM) of 208.4x is slightly below its 5-year median P/E of 219.8x, suggesting that the stock is not trading at an elevated level compared to its historical valuation. The forward P/E of 17.8x indicates expectations of improved earnings, which aligns with the GF Value™ verdict that the stock may have substantial upside potential. This P/E analysis generally agrees with the GF Value™ assessment, reinforcing the notion that WK might be undervalued, albeit with caution advised due to other risk factors.

What Does WK's GF Score™ Tell Us? Metric Rating GF Score™ 59/100 Financial Strength 3/10 Profitability 3/10 Growth 9/10 Valuation 2/10 Momentum 2/10 The GF Score™ of 59/100 indicates average performance in terms of long-term returns. The strongest aspect of WK's score is its growth rank of 9/10, reflecting robust potential for future earnings growth. Conversely, the weakest areas are the financial strength and valuation ranks, both at 3/10 and 2/10 respectively, which raise concerns regarding the company’s stability and current pricing. These mixed signals suggest that while growth opportunities exist, caution is warranted due to underlying financial challenges.

What Are Insiders Doing with WK Stock? There have been no insider transactions reported for Workiva Inc in the last three months. The lack of insider activity may suggest that company executives are not currently buying or selling shares, which could indicate a wait-and-see approach regarding the stock's performance. Insider buying often reflects confidence in the company's future, so this absence of activity may be a signal for cautious optimism.

What This Means for Investors Based on the GF Value™ assessment, Workiva Inc WK is currently undervalued. The significant margin of safety presents an opportunity, but potential investors should remain mindful of the risk factors associated with the company's financial health and market momentum.

For the complete analysis, visit the Workiva Inc WK stock page. You can also explore the GF Value™ page for detailed valuation methodology, or use the GuruFocus Stock Screener to find similar opportunities.

Frequently Asked Questions What is WK's GF Score™?

The GF Score™ for Workiva Inc is 59/100, indicating average performance and potential for long-term returns based on historical data.

Is WK overvalued or undervalued?

WK is considered undervalued according to GF Value™, with shares trading significantly below the estimated intrinsic value.

What is WK's P/E ratio?

WK's P/E (TTM) is 208.4x, which is below its 5-year median of 219.8x, suggesting the stock is trading at a relatively lower valuation compared to its historical performance.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Workiva Inc. (WK) Discusses Practical Strategies for Advancing AI Adoption in Finance and Accounting Transcript

Workiva (WK - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.

A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Workiva basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Workiva, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for WorkivaFor the fiscal year ending December 2026, this maker of software for managing regulatory filings is expected to earn $2.90 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Workiva. Over the past three months, the Zacks Consensus Estimate for the company has increased 80.4%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Workiva to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.