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Provides a cloud platform for regulatory, financial and ESG reporting used by finance, compliance and legal teams.
Provides a cloud platform for regulatory, financial and ESG reporting used by finance, compliance and legal teams.
Sold as annual subscriptions, with customers adding more reports and teams over time, so revenue builds on an existing base. The SEC-filing workflow it started in carries the business, while sustainability and audit modules are newer add-ons. Many of its users are large US public companies.
Moat: narrow (switching costs, regulatory licence, customer qualification). Embedded in mission-critical regulatory filing workflows, making replacement risky and costly for customers.
Headquarters: Ames, Iowa, United States · Founded: 2008 · Employees: 2,860
Size Workiva (WK) is a United States Information Technology company (Information Technology Services) with a market value of $3.96B, the 1350th largest of 3,117 United States companies the cockpit tracks. Shares closed at $72.76 on 6 Nov 2026.
Performance Over six months the shares gained 41.9%, against +9.4% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 19.7% over the last twelve months (peer median +7.3%); the operating margin is 3.3% (peer median 9.1%).
Valuation It trades at 23.0× forward earnings against a peer median of 16.8× (7th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 33% a year for seven years (Req g). Recent delivered growth is +20%, so the hurdle is +13 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Backlog Backlog (remaining performance obligations) was $1.51B at 30 Sep 2026, up 16% on a year earlier — 1.5 years of trailing revenue. Backlog detail →
Credit Workiva has 1 bond outstanding ($702M).
Short interest Short interest is 8.0% of the free float (15 Oct 2026).
Next results Next results expected around 23 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $966M | $885M | $739M | $630M | $538M |
| Revenue growth | — | +20% | +17% | +17% | — |
| Gross profit | $775M | $694M | $567M | $476M | $408M |
| EBITDA | $42.0M | -$31.5M | -$64.4M | -$83.4M | -$78.0M |
| Net income | $47.0M | -$26.2M | -$55.0M | -$128M | -$90.9M |
| Free cash flow | $201M | $138M | $86.3M | $68.8M | $7.88M |
| Capital expenditure | $1.76M | $2.47M | $1.55M | $2.36M | $3.62M |
| Total debt | $793M | $797M | $793M | $793M | $373M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Workiva WK | $3.96B | +42% | +20% | 3% | 23.0× | 33.1% |
| Donnelley Financial Solutions DFIN | $1.63B | +56% | +5% | 20% | 12.3× | -4.7% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
| BlackLine BL | $1.50B | -15% | +9% | 7% | 10.0× | 12.1% |
| Wolters Kluwer WKL.AS | $22.0B | +54% | 0% | 26% | 15.9× | -3.0% |
| Broadridge Financial Solutions BR | $21.5B | +28% | +7% | 17% | 17.9× | 8.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | +1.9% | 10th lowest of 21 |
| 6-month return | +41.9% | +9.4% | 6th highest of 21 |
| Distance from 52-week high | -25.1% | -27.9% | 9th highest of 21 |
| Revenue growth (TTM) | +19.7% | +7.3% | 3rd highest of 21 |
| Operating margin | 3.3% | 9.1% | 3rd lowest of 21 |
| Forward P/E | 23.0× | 16.8× | 7th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 33.1% | 4.2% | most demanding of 17 |
| Growth delivered (Del g) | +20.3% | +7.9% | 3rd highest of 17 |
| Hurdle (Req g minus delivered) | +12.8 pp | -2.2 pp | 2nd most demanding of 17 |
| Net debt / EBITDA | -0.6× | 0.5× | 5th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Workiva WK | United States | $3.96B | +42% | +20% | 3% | 23.0× | 33.1% | +20.3% |
| Sterlite Technologies STLTECH.NS | India | $3.91B | +101% | +63% | 17% | 28.2× | 22.6% | -0.4% |
| Sopra Steria SOP.PA | France | $4.29B | +50% | +2% | 9% | 11.2× | -0.6% | +5.8% |
| Jiangsu Hoperun Software 300339.SZ | China | $3.65B | -31% | +11% | 3% | 141.9× | n/a | n/a |
| TravelSky Technology 0696.HK | Hong Kong | $3.59B | -5% | +7% | 28% | 9.8× | -16.5% | +9.0% |
| NS Solutions 2327.T | Japan | $4.43B | +6% | +12% | 12% | 21.3× | -5.1% | +8.6% |
| Amdocs DOX | United States | $4.53B | -34% | +4% | 17% | 7.7× | -15.8% | +1.8% |
| Softcat SCT.L | United Kingdom | $4.53B | +14% | +35% | 11% | 17.9× | -4.1% | +20.3% |
| Q2 Holdings, Inc. QTWO | United States | $4.57B | +47% | +13% | 13% | 22.5× | 26.6% | +14.6% |
| Insight Enterprises NSIT | United States | $4.64B | +89% | +3% | 6% | 11.7× | 2.9% | -0.2% |
| KBR KBR | United States | $4.69B | +14% | -3% | 9% | 9.5× | -8.7% | +6.2% |
| Bechtle BC8.DE | Germany | $4.72B | +13% | +8% | 5% | 16.8× | 6.9% | +4.9% |
| Xi'an Bright Laser Technologies 688333.SS | China | $3.22B | -11% | +12% | 6% | 69.2× | n/a | n/a |
| Parsons PSN | United States | $5.16B | -1% | -3% | 5% | 14.8× | 8.4% | +10.2% |
| LG Cns 064400.KS | South Korea | $5.29B | +14% | +4% | 9% | 15.5× | 5.6% | +7.2% |
| Pegasystems PEGA | United States | $5.30B | -10% | +1% | 12% | 13.8× | 8.8% | +11.4% |
| HyundaiAutoever 307950.KS | South Korea | $5.49B | -40% | +16% | 5% | 35.7× | 27.6% | +22.2% |
| TISI 3626.T | Japan | $5.50B | +20% | +5% | 13% | 15.1× | -7.7% | +5.9% |
| Box BOX | United States | $5.76B | +63% | +10% | 9% | 26.0× | 20.3% | +8.8% |
| Runjian 002929.SZ | China | $2.71B | +6% | -11% | 0% | 49.7× | n/a | n/a |
| Shanghai Sunmi Technology 6810.HK | Hong Kong | $2.70B | -10% | +10% | 7% | n/a | n/a | n/a |
Workiva has 1 bond outstanding with $702M face value.
Workiva reported $1.51B of remaining performance obligations at 30 Sep 2026, up 16% from a year earlier and up 4% from the previous quarter. That is 1.5 years of trailing revenue already under contract. Book-to-bill last quarter: 1.22.