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Workiva (WK) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-02 00:05
Group 1 - Workiva reported $206.28 million in revenue for the quarter ended March 2025, a year-over-year increase of 17.4% [1] - The EPS for the same period was $0.14, down from $0.22 a year ago, with a surprise of +100.00% compared to the consensus estimate of $0.07 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $203.87 million by +1.18% [1] Group 2 - Subscription and support revenue was $185.51 million, surpassing the average estimate of $184.23 million, reflecting a year-over-year change of +19.7% [4] - Professional services revenue reached $20.77 million, exceeding the average estimate of $19.60 million, with a year-over-year change of +0.4% [4] - Gross profit for professional services (non-GAAP) was $7.48 million, above the average estimate of $6.69 million, while subscription and support gross profit (non-GAAP) was $154.79 million, slightly above the average estimate of $153.98 million [4] Group 3 - Workiva's shares have returned -2.4% over the past month, compared to the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]
Workiva (WK) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-01 23:30
Workiva (WK) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this maker of software for managing regulatory filings would post earnings of $0.33 per share when it actually produced earnings of $0.33, delivering no surprise.Over the last four q ...
Workiva(WK) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:00
Workiva (WK) Q1 2025 Earnings Call May 01, 2025 05:00 PM ET Speaker0 Good afternoon, ladies and gentlemen. My name is Nick, and I will be your host operator on this call. After the prepared remarks, we will conduct a question and answer session. Instructions will be provided at that time. Please note that this call is being recorded on 05/01/2025 at 5PM Eastern Time. I would now like to turn the meeting over to your host for today's call, Katie White, Senior Director of Investor Relations at Workiva. Please ...
Workiva(WK) - 2025 Q1 - Earnings Call Presentation
2025-05-01 20:33
Workiva Inc. Investor Presentation May 1, 2025 Safe Harbor This presentation includes forward-looking statements. All statements contained in this presentation other than statements of historical facts, including any statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words "may," "will," "could," "would," "should," "expect," "plan," "assume," "anticipate," "intend," "beli ...
Workiva(WK) - 2025 Q1 - Quarterly Report
2025-05-01 20:28
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-36773 WORKIVA INC. (Exact name of registrant as specified in ...
Workiva(WK) - 2025 Q1 - Quarterly Results
2025-05-01 20:19
Workiva Inc. Announces First Quarter 2025 Financial Results NEW YORK - May 1, 2025 – Workiva Inc. (NYSE:WK), the platform that powers transparency, accountability, and trust, today announced financial results for its first quarter ended March 31, 2025. "We kicked off the year with solid revenue growth as we continue to see broad-based demand across our solution portfolio. CFOs trust Workiva to be the platform that drives performance and productivity," said Julie Iskow, President & Chief Executive Officer. " ...
Federal Mandates Drive Workiva: Buy, Sell or Hold the Stock?
ZACKS· 2025-04-16 16:10
Workiva (WK) is set to play a key role in the U.S. federal government’s financial modernization efforts. The company is the only financial reporting and Governance, Risk, and Compliance platform sanctioned by the United States.Under a new executive order, all federal agencies are required to consolidate their core financial systems within 180 days of March 25, 2025. The directive aims to boost transparency, reduce fraud and enhance reporting efficiency using solutions approved by the FM QSMO. To comply with ...
WORKIVA STOCKHOLDER ALERT: Kaskela Law LLC Announces Investigation of Workiva Inc. (NYSE: WK) and Encourages Long-Term Investors to Contact the Firm
GlobeNewswire News Room· 2025-04-10 20:38
Core Insights - Kaskela Law LLC is investigating Workiva Inc. on behalf of long-term investors due to a significant decline in the company's stock price [1][2] - Since January 2025, Workiva's stock has dropped over 38%, from above $113.00 per share to below $70.00 per share [2] Investigation Details - The investigation aims to determine if Workiva and its officers and directors violated securities laws or breached fiduciary duties to investors related to recent corporate actions [2] - Shareholders are encouraged to contact Kaskela Law LLC for information regarding their legal rights and options [3]
Workiva: A Great Buy On Recent Weakness
Seeking Alpha· 2025-04-03 17:04
Over the past month, the market has been driven primarily by fear. Investors rushed out of stocks and clamored to buy international stocks and gold as a bulwark against President Trump's rising trade war. And while I agree with the diversification moves, I alsoWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He ...
1 Glorious Growth Stock Down 47% You'll Wish You'd Bought on the Dip, According to Wall Street
The Motley Fool· 2025-03-02 09:45
Core Viewpoint - Workiva has reported strong financial results for Q4 2024, showcasing accelerating revenue growth and a positive outlook from analysts, despite its stock being significantly below its all-time high [2][3][14] Financial Performance - Workiva generated $199.9 million in total revenue during Q4 2024, representing a 20% increase year-over-year, marking the second consecutive quarter of accelerating growth [9] - The company's net revenue retention rate increased by 2 percentage points to 112%, with 70% of customers now using at least two products, up from 64% a year ago [10] - Workiva ended Q4 with 6,305 total customers, a 4.3% year-over-year increase, with significant growth in customers with higher annual contract values [11] - The company reported a net loss of $55 million for 2024, a 56% reduction from the $127.5 million loss in 2023, indicating improved expense management [11] - On a non-GAAP basis, Workiva was profitable in 2024, with a profit of $53.5 million, a positive shift from a $22.8 million loss in 2023 [12] Market Opportunity - Workiva is addressing a significant opportunity in the ESG reporting space, which could be worth nearly $15 billion annually according to PwC [7] - The company values its total addressable market at $35 billion across various reporting and compliance areas, while its current market capitalization is less than $5 billion, indicating substantial growth potential [14] Analyst Sentiment - The Wall Street Journal reports that 11 analysts cover Workiva stock, with 8 assigning the highest buy rating and an average price target of $119.78, suggesting a potential 39% increase over the next 12 to 18 months [13] - The highest target of $132 implies a possible 52% increase, reflecting strong bullish sentiment among analysts [13]