Workiva Inc. (WK) 10-Year Financial Performance & Capital Metrics

WK • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

AboutWorkiva Inc., together with its subsidiaries, provides cloud-based compliance and regulatory reporting solutions worldwide. The company offers Workiva platform that offers controlled collaboration, data linking, data integrations, granular permissions, process management, and full audit trail services; and provides tools that enables customers to connect data from enterprise resource planning, governance risk and compliance, human capital management, and customer relationship management systems, as well as from other third-party cloud and on-premise applications. It serves public and private companies, government agencies, and higher-education institutions. The company was founded in 2008 and is headquartered in Ames, Iowa.Show more

Revenue $739M +17.2%
EBITDA -$66M +21.4%
Net Income -$55M +56.8%
EPS (Diluted) -0.99 +58.1%
Gross Margin 76.71% +1.6%
EBITDA Margin -8.87% +33.0%
Operating Margin -10.36% +30.9%
Net Margin -7.45% +63.2%
ROE -
ROIC -12.79% +47.1%
Debt/Equity -
Interest Coverage -5.95 -237.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 19.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y20.69%

5Y19.92%

3Y18.56%

TTM19.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM7.19%

EPS CAGR

10Y-

5Y-

3Y-

TTM8.41%

ROCE

10Y Avg-50.89%

5Y Avg-15.64%

3Y Avg-19.57%

Latest-10.13%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	145.27M	178.65M	207.87M	244.34M	297.89M	351.59M	443.29M	537.88M	630.04M	738.68M
Revenue Growth %	0.29%	0.23%	0.16%	0.18%	0.22%	0.18%	0.26%	0.21%	0.17%	0.17%
Cost of Goods Sold+	40.2M	51.63M	60.24M	65.86M	85.01M	90.18M	103.83M	129.88M	154.22M	172.06M
COGS % of Revenue	0.28%	0.29%	0.29%	0.27%	0.29%	0.26%	0.23%	0.24%	0.24%	0.23%
Gross Profit+	105.07M	127.02M	147.62M	178.48M	212.88M	261.42M	339.45M	407.99M	475.82M	566.63M
Gross Margin %	0.72%	0.71%	0.71%	0.73%	0.71%	0.74%	0.77%	0.76%	0.76%	0.77%
Gross Profit Growth %	0.33%	0.21%	0.16%	0.21%	0.19%	0.23%	0.3%	0.2%	0.17%	0.19%
Operating Expenses+	148.75M	170.6M	191.93M	228.27M	258.29M	299.22M	368.81M	496.75M	570.34M	643.16M
OpEx % of Revenue	1.02%	0.95%	0.92%	0.93%	0.87%	0.85%	0.83%	0.92%	0.91%	0.87%
Selling, General & Admin	98.28M	113.16M	123.75M	146.67M	168.36M	204.38M	253.07M	345.04M	397.55M	450.22M
SG&A % of Revenue	0.68%	0.63%	0.6%	0.6%	0.57%	0.58%	0.57%	0.64%	0.63%	0.61%
Research & Development	50.47M	57.44M	68.17M	81.6M	89.92M	94.84M	115.73M	151.72M	172.79M	192.94M
R&D % of Revenue	0.35%	0.32%	0.33%	0.33%	0.3%	0.27%	0.26%	0.28%	0.27%	0.26%
Other Operating Expenses	0	1.5M	1.78M	1.79M	0	0	0	0	0	0
Operating Income+	-43.68M	-43.58M	-44.3M	-49.79M	-45.41M	-37.8M	-29.36M	-88.76M	-94.53M	-76.53M
Operating Margin %	-0.3%	-0.24%	-0.21%	-0.2%	-0.15%	-0.11%	-0.07%	-0.17%	-0.15%	-0.1%
Operating Income Growth %	-0.13%	0%	-0.02%	-0.12%	0.09%	0.17%	0.22%	-2.02%	-0.06%	0.19%
EBITDA+	-39.27M	-39.76M	-40.76M	-46.01M	-41.56M	-33.51M	-24.11M	-78.55M	-83.39M	-65.53M
EBITDA Margin %	-0.27%	-0.22%	-0.2%	-0.19%	-0.14%	-0.1%	-0.05%	-0.15%	-0.13%	-0.09%
EBITDA Growth %	-0.13%	-0.01%	-0.03%	-0.13%	0.1%	0.19%	0.28%	-2.26%	-0.06%	0.21%
D&A (Non-Cash Add-back)	4.41M	3.82M	3.55M	3.78M	3.84M	4.3M	5.24M	10.21M	11.14M	11M
EBIT	-41.38M	-42.08M	-42.52M	-48M	-41.31M	-34.73M	-25.09M	-82.96M	-70.46M	-36.58M
Net Interest Income+	-1.87M	-1.59M	-1.26M	-549K	-1.37M	-10.68M	-12.97M	-1.16M	-27.76M	26.53M
Interest Income	151K	286K	586K	1.28M	4.66M	3.28M	1.04M	4.88M	25.88M	39.4M
Interest Expense	2.02M	1.88M	1.84M	1.83M	6.03M	13.96M	14.02M	6.04M	53.64M	12.87M
Other Income/Expense	277K	-375K	-62K	-36K	-1.93M	-10.89M	-9.74M	-236K	-29.57M	27.09M
Pretax Income+	-43.41M	-43.95M	-44.37M	-49.82M	-47.34M	-48.69M	-39.1M	-89M	-124.1M	-49.44M
Pretax Margin %	-0.3%	-0.25%	-0.21%	-0.2%	-0.16%	-0.14%	-0.09%	-0.17%	-0.2%	-0.07%
Income Tax+	-7K	24K	61K	247K	139K	-291K	-1.37M	1.95M	3.43M	5.6M
Effective Tax Rate %	1%	1%	1%	1%	1%	0.99%	0.96%	1.02%	1.03%	1.11%
Net Income+	-43.4M	-43.98M	-44.43M	-50.07M	-47.48M	-48.4M	-37.73M	-90.95M	-127.53M	-55.04M
Net Margin %	-0.3%	-0.25%	-0.21%	-0.2%	-0.16%	-0.14%	-0.09%	-0.17%	-0.2%	-0.07%
Net Income Growth %	-0.05%	-0.01%	-0.01%	-0.13%	0.05%	-0.02%	0.22%	-1.41%	-0.4%	0.57%
Net Income (Continuing)	-43.4M	-43.98M	-44.43M	-50.07M	-47.48M	-48.4M	-37.73M	-90.95M	-127.53M	-55.04M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.09	-1.08	-1.07	-1.15	-1.04	-1.00	-0.74	-1.72	-2.36	-0.99
EPS Growth %	0.15%	0.01%	0.01%	-0.07%	0.1%	0.04%	0.26%	-1.32%	-0.37%	0.58%
EPS (Basic)	-1.09	-1.08	-1.07	-1.15	-1.04	-1.00	-0.74	-1.72	-2.36	-0.99
Diluted Shares Outstanding	39.85M	40.67M	41.62M	43.64M	46.3M	48.45M	51.13M	52.95M	54.1M	55.35M
Basic Shares Outstanding	39.85M	40.67M	41.62M	43.64M	46.3M	48.45M	51.13M	52.95M	54.1M	55.35M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	97.88M	98.04M	115.29M	177.23M	571.23M	633.09M	657.09M	600.09M	1.01B	1.05B
Cash & Short-Term Investments	76.17M	62.72M	76.7M	98.35M	487.96M	530.04M	530.45M	430.79M	813.72M	816.42M
Cash Only	58.75M	51.28M	60.33M	77.58M	381.74M	322.83M	300.39M	240.2M	256.1M	301.83M
Short-Term Investments	17.42M	11.44M	16.36M	20.76M	106.21M	207.21M	230.06M	190.59M	557.62M	514.59M
Accounts Receivable	16.46M	24.08M	29.77M	66.29M	62.66M	72.08M	80.39M	112.99M	132.56M	158.71M
Days Sales Outstanding	41.37	49.2	52.28	99.02	76.78	74.83	66.19	76.67	76.8	78.42
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.37M	1.86M	2.38M	8.18M	14.11M	21.92M	31.15M	56.31M	62.65M	73.11M
Total Non-Current Assets+	46.02M	45.1M	42.42M	53.88M	67.72M	73.92M	129.67M	219.53M	209.92M	320.23M
Property, Plant & Equipment	44.41M	42.59M	40.44M	41.47M	47.65M	45.21M	46.58M	41.03M	36.92M	33.61M
Fixed Asset Turnover	3.27x	4.19x	5.14x	5.89x	6.25x	7.78x	9.52x	13.11x	17.06x	21.98x
Goodwill	0	0	0	0	0	0	34.56M	109.74M	112.1M	196.84M
Intangible Assets	896K	1.01M	1.12M	1.27M	1.65M	1.58M	10.43M	28.23M	22.89M	27.39M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	711K	1.5M	861K	11.15M	18.42M	27.13M	38.1M	40.53M	38.01M	62.38M
Total Assets+	143.9M	143.14M	157.72M	231.11M	638.95M	707.01M	786.76M	819.62M	1.22B	1.37B
Asset Turnover	1.01x	1.25x	1.32x	1.06x	0.47x	0.50x	0.56x	0.66x	0.52x	0.54x
Asset Growth %	-0.13%	-0.01%	0.1%	0.47%	1.76%	0.11%	0.11%	0.04%	0.49%	0.12%
Total Current Liabilities+	84.08M	99.89M	129.34M	191.58M	232.1M	281.79M	646.5M	406.94M	484.5M	592.42M
Accounts Payable	5.14M	849K	3.06M	5.46M	7.06M	2.84M	4.11M	6.17M	5.2M	7.75M
Days Payables Outstanding	46.65	6	18.54	30.27	30.3	11.51	14.46	17.35	12.32	16.43
Short-Term Debt	18K	20K	0	0	0	0	298.66M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.78M	8.66M	13.42M	20.43M	19.21M	21.14M	24.86M	24.2M	43.77M	34.3M
Current Ratio	1.16x	0.98x	0.89x	0.93x	2.46x	2.25x	1.02x	1.47x	2.08x	1.77x
Quick Ratio	1.16x	0.98x	0.89x	0.93x	2.46x	2.25x	1.02x	1.47x	2.08x	1.77x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	34.09M	46.38M	45.31M	49.27M	352.65M	360.94M	67.28M	406.7M	823.75M	817.73M
Long-Term Debt	73K	53K	0	0	280.6M	289.49M	0	340.26M	762.46M	764.89M
Capital Lease Obligations	21.08M	19.74M	18.43M	17.21M	37.98M	33.87M	31.5M	26.68M	24.94M	22.93M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.34M	4.1M	4.17M	6.89M	1.5M	1.68M	1.6M	1.52M	178K	227K
Total Liabilities	118.18M	146.27M	174.65M	240.85M	584.75M	642.73M	713.78M	813.64M	1.31B	1.41B
Total Debt+	22.98M	21.1M	19.59M	18.43M	323.27M	329.61M	337.74M	373.17M	793.18M	793.28M
Net Debt	-35.77M	-30.18M	-40.74M	-59.15M	-58.47M	6.78M	37.35M	132.97M	537.08M	491.44M
Debt / Equity	0.89x	-	-	-	5.96x	5.13x	4.63x	62.37x	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-21.57x	-23.24x	-24.01x	-27.25x	-7.53x	-2.71x	-2.09x	-14.69x	-1.76x	-5.95x
Total Equity+	25.72M	-3.13M	-16.93M	-9.74M	54.2M	64.28M	72.98M	5.98M	-89.39M	-41.68M
Equity Growth %	-0.54%	-1.12%	-4.42%	0.42%	6.56%	0.19%	0.14%	-0.92%	-15.94%	0.53%
Book Value per Share	0.65	-0.08	-0.41	-0.22	1.17	1.33	1.43	0.11	-1.65	-0.75
Total Shareholders' Equity	25.72M	-3.13M	-16.93M	-9.74M	54.2M	64.28M	72.98M	5.98M	-89.39M	-41.68M
Common Stock	41K	41K	42K	44K	47K	49K	51K	53K	54K	56K
Retained Earnings	-176.93M	-220.91M	-265.34M	-307.03M	-366.3M	-414.7M	-452.43M	-525.12M	-652.64M	-707.68M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	241K	291K	72K	98K	287K	230K	-288K	-6.69M	255K	-6.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-21.59M	-10.37M	5.52M	6.4M	30.92M	33.24M	49.84M	11.33M	70.88M	87.71M
Operating CF Margin %	-0.15%	-0.06%	0.03%	0.03%	0.1%	0.09%	0.11%	0.02%	0.11%	0.12%
Operating CF Growth %	-5.16%	0.52%	1.53%	0.16%	3.83%	0.08%	0.5%	-0.77%	5.25%	0.24%
Net Income	-43.4M	-43.98M	-44.43M	-50.07M	-47.48M	-48.4M	-37.73M	-90.95M	-127.53M	-55.04M
Depreciation & Amortization	4.41M	3.82M	3.55M	3.78M	3.84M	4.3M	5.24M	10.21M	11.14M	11M
Stock-Based Compensation	11M	14.25M	19.48M	30.84M	35.78M	45.77M	48.63M	70.66M	98.77M	102.15M
Deferred Taxes	-76K	-32K	-32K	-9K	-65K	0	-1.97M	538K	-14K	-629K
Other Non-Cash Items	-1.87M	-815K	-1.96M	409K	3.18M	9.4M	8.37M	2.53M	40.28M	-9.35M
Working Capital Changes	8.34M	16.39M	28.92M	21.45M	35.65M	22.18M	27.3M	18.34M	48.23M	39.58M
Change in Receivables	-5.08M	-7.1M	-5.55M	-20.22M	3.92M	-8.71M	-8.07M	-30.55M	-20.49M	-23.24M
Change in Inventory	4.21M	-6.29M	3.39M	10.98M	0	0	0	0	0	0
Change in Payables	2.33M	-3.93M	2.21M	1.7M	2.15M	-4.11M	972K	2.44M	-1M	2.4M
Cash from Investing+	-19.78M	3.81M	-6.47M	-5.63M	-90.06M	-103.75M	-68.63M	-68.01M	-357.25M	-45.25M
Capital Expenditures	-2.23M	-2.09M	-1.39M	-1.37M	-3.1M	-1.87M	-3.53M	-3.46M	-2.12M	-1.36M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-386K	-190K	7K	-251K	-1.73M	-296K	-969K	-160K	-235K	-191K
Cash from Financing+	-1.1M	-895K	9.82M	16.88M	363.02M	11.12M	-3.39M	-1.59M	301.26M	6.74M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-381K	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.65M	986K	11.33M	18.04M	28.68M	12.76M	-1.68M	-12K	7.53M	7.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-23.82M	-12.46M	4.13M	5.03M	27.08M	31.07M	46.09M	7.72M	68.52M	86.15M
FCF Margin %	-0.16%	-0.07%	0.02%	0.02%	0.09%	0.09%	0.1%	0.01%	0.11%	0.12%
FCF Growth %	-0.91%	0.48%	1.33%	0.22%	4.39%	0.15%	0.48%	-0.83%	7.88%	0.26%
FCF per Share	-0.60	-0.31	0.10	0.12	0.58	0.64	0.90	0.15	1.27	1.56
FCF Conversion (FCF/Net Income)	0.50x	0.24x	-0.12x	-0.13x	-0.65x	-0.69x	-1.32x	-0.12x	-0.56x	-1.59x
Interest Paid	2.05M	1.83M	1.63M	1.73M	1.34M	5.07M	4.84M	4.74M	4.71M	10.28M
Taxes Paid	64K	47K	42K	67K	371K	679K	0	1.43M	2.66M	6.2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-106.45%	-389.28%	-	-	-213.57%	-81.7%	-54.98%	-230.36%	-	-
Return on Invested Capital (ROIC)	-	-	-	-	-	-84.9%	-24.28%	-53.41%	-24.17%	-12.79%
Gross Margin	72.32%	71.1%	71.02%	73.05%	71.46%	74.35%	76.58%	75.85%	75.52%	76.71%
Net Margin	-29.87%	-24.62%	-21.37%	-20.49%	-15.94%	-13.77%	-8.51%	-16.91%	-20.24%	-7.45%
Debt / Equity	0.89x	-	-	-	5.96x	5.13x	4.63x	62.37x	-	-
Interest Coverage	-21.57x	-23.24x	-24.01x	-27.25x	-7.53x	-2.71x	-2.09x	-14.69x	-1.76x	-5.95x
FCF Conversion	0.50x	0.24x	-0.12x	-0.13x	-0.65x	-0.69x	-1.32x	-0.12x	-0.56x	-1.59x
Revenue Growth	28.91%	22.97%	16.36%	17.55%	21.91%	18.03%	26.08%	21.34%	17.13%	17.24%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
License and Service	-	245.76M	-	-	-	558.64M	667.65M
License and Service Growth	-	-	-	-	-	-	19.51%
XBRL Professional Services	30.56M	38.73M	-	-	-	56.82M	58.79M
XBRL Professional Services Growth	-	26.74%	-	-	-	-	3.47%
Other Services	13.39M	13.39M	17.68M	19.18M	18.04M	14.57M	12.24M
Other Services Growth	-	0.01%	32.06%	8.46%	-5.93%	-19.23%	-15.99%
Professional Services	-	-	55.72M	63.95M	72.94M	-	-
Professional Services Growth	-	-	-	14.77%	14.07%	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Americas	-	286.13M	51.14M	58.31M	67.31M	472.86M	545.77M
Americas Growth	-	-	-82.13%	14.02%	15.43%	602.52%	15.42%
Other Countries, Excluding Americas	-	11.76M	4.58M	5.63M	5.63M	85.78M	121.87M
Other Countries, Excluding Americas Growth	-	-	-61.10%	23.15%	-0.05%	1423.42%	42.07%

Frequently Asked Questions

Growth & Financials

Workiva Inc. (WK) reported $845.5M in revenue for fiscal year 2024. This represents a 1497% increase from $52.9M in 2012.

Workiva Inc. (WK) grew revenue by 17.2% over the past year. This is strong growth.

Workiva Inc. (WK) reported a net loss of $46.8M for fiscal year 2024.

Dividend & Returns

Workiva Inc. (WK) generated $130.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Workiva Inc. (WK) 10-Year Financial Performance & Capital Metrics

WK • • Industrial / General

TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms

Revenue $739M +17.2%
EBITDA -$66M +21.4%
Net Income -$55M +56.8%
EPS (Diluted) -0.99 +58.1%
Gross Margin 76.71% +1.6%
EBITDA Margin -8.87% +33.0%
Operating Margin -10.36% +30.9%
Net Margin -7.45% +63.2%
ROE -
ROIC -12.79% +47.1%
Debt/Equity -
Interest Coverage -5.95 -237.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 19.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y20.69%

5Y19.92%

3Y18.56%

TTM19.86%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM7.19%

EPS CAGR

10Y-

5Y-

3Y-

TTM8.41%

ROCE

10Y Avg-50.89%

5Y Avg-15.64%

3Y Avg-19.57%

Latest-10.13%

Peer Comparison

AI Analytics Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
LYFTLyft, Inc.	7.54B	18.88	342.65	31.39%	2.4%	26.3%	10.16%	1.64
DDOGDatadog, Inc.	39.33B	120.86	236.98	26.12%	3.32%	3.1%	2.13%	0.68
PEGAPegasystems Inc.	9B	53.00	96.36	4.51%	16.05%	46.57%	3.76%	0.94
SAPSAP SE	274.66B	235.84	89.00	9.51%	19.41%	13.94%	1.61%	0.23
TYLTyler Technologies, Inc.	19.2B	446.15	73.74	9.53%	13.72%	8.75%	3.15%	0.19
FICOFair Isaac Corporation	37.49B	1581.19	59.58	15.91%	32.75%		2.05%
DSGXThe Descartes Systems Group Inc.	7.62B	88.57	54.01	13.63%	22.1%	10%	2.79%	0.01
MANHManhattan Associates, Inc.	10.58B	175.57	50.02	12.23%	20.25%	69.86%	2.71%	0.16

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	145.27M	178.65M	207.87M	244.34M	297.89M	351.59M	443.29M	537.88M	630.04M	738.68M
Revenue Growth %	0.29%	0.23%	0.16%	0.18%	0.22%	0.18%	0.26%	0.21%	0.17%	0.17%
Cost of Goods Sold+	40.2M	51.63M	60.24M	65.86M	85.01M	90.18M	103.83M	129.88M	154.22M	172.06M
COGS % of Revenue	0.28%	0.29%	0.29%	0.27%	0.29%	0.26%	0.23%	0.24%	0.24%	0.23%
Gross Profit+	105.07M	127.02M	147.62M	178.48M	212.88M	261.42M	339.45M	407.99M	475.82M	566.63M
Gross Margin %	0.72%	0.71%	0.71%	0.73%	0.71%	0.74%	0.77%	0.76%	0.76%	0.77%
Gross Profit Growth %	0.33%	0.21%	0.16%	0.21%	0.19%	0.23%	0.3%	0.2%	0.17%	0.19%
Operating Expenses+	148.75M	170.6M	191.93M	228.27M	258.29M	299.22M	368.81M	496.75M	570.34M	643.16M
OpEx % of Revenue	1.02%	0.95%	0.92%	0.93%	0.87%	0.85%	0.83%	0.92%	0.91%	0.87%
Selling, General & Admin	98.28M	113.16M	123.75M	146.67M	168.36M	204.38M	253.07M	345.04M	397.55M	450.22M
SG&A % of Revenue	0.68%	0.63%	0.6%	0.6%	0.57%	0.58%	0.57%	0.64%	0.63%	0.61%
Research & Development	50.47M	57.44M	68.17M	81.6M	89.92M	94.84M	115.73M	151.72M	172.79M	192.94M
R&D % of Revenue	0.35%	0.32%	0.33%	0.33%	0.3%	0.27%	0.26%	0.28%	0.27%	0.26%
Other Operating Expenses	0	1.5M	1.78M	1.79M	0	0	0	0	0	0
Operating Income+	-43.68M	-43.58M	-44.3M	-49.79M	-45.41M	-37.8M	-29.36M	-88.76M	-94.53M	-76.53M
Operating Margin %	-0.3%	-0.24%	-0.21%	-0.2%	-0.15%	-0.11%	-0.07%	-0.17%	-0.15%	-0.1%
Operating Income Growth %	-0.13%	0%	-0.02%	-0.12%	0.09%	0.17%	0.22%	-2.02%	-0.06%	0.19%
EBITDA+	-39.27M	-39.76M	-40.76M	-46.01M	-41.56M	-33.51M	-24.11M	-78.55M	-83.39M	-65.53M
EBITDA Margin %	-0.27%	-0.22%	-0.2%	-0.19%	-0.14%	-0.1%	-0.05%	-0.15%	-0.13%	-0.09%
EBITDA Growth %	-0.13%	-0.01%	-0.03%	-0.13%	0.1%	0.19%	0.28%	-2.26%	-0.06%	0.21%
D&A (Non-Cash Add-back)	4.41M	3.82M	3.55M	3.78M	3.84M	4.3M	5.24M	10.21M	11.14M	11M
EBIT	-41.38M	-42.08M	-42.52M	-48M	-41.31M	-34.73M	-25.09M	-82.96M	-70.46M	-36.58M
Net Interest Income+	-1.87M	-1.59M	-1.26M	-549K	-1.37M	-10.68M	-12.97M	-1.16M	-27.76M	26.53M
Interest Income	151K	286K	586K	1.28M	4.66M	3.28M	1.04M	4.88M	25.88M	39.4M
Interest Expense	2.02M	1.88M	1.84M	1.83M	6.03M	13.96M	14.02M	6.04M	53.64M	12.87M
Other Income/Expense	277K	-375K	-62K	-36K	-1.93M	-10.89M	-9.74M	-236K	-29.57M	27.09M
Pretax Income+	-43.41M	-43.95M	-44.37M	-49.82M	-47.34M	-48.69M	-39.1M	-89M	-124.1M	-49.44M
Pretax Margin %	-0.3%	-0.25%	-0.21%	-0.2%	-0.16%	-0.14%	-0.09%	-0.17%	-0.2%	-0.07%
Income Tax+	-7K	24K	61K	247K	139K	-291K	-1.37M	1.95M	3.43M	5.6M
Effective Tax Rate %	1%	1%	1%	1%	1%	0.99%	0.96%	1.02%	1.03%	1.11%
Net Income+	-43.4M	-43.98M	-44.43M	-50.07M	-47.48M	-48.4M	-37.73M	-90.95M	-127.53M	-55.04M
Net Margin %	-0.3%	-0.25%	-0.21%	-0.2%	-0.16%	-0.14%	-0.09%	-0.17%	-0.2%	-0.07%
Net Income Growth %	-0.05%	-0.01%	-0.01%	-0.13%	0.05%	-0.02%	0.22%	-1.41%	-0.4%	0.57%
Net Income (Continuing)	-43.4M	-43.98M	-44.43M	-50.07M	-47.48M	-48.4M	-37.73M	-90.95M	-127.53M	-55.04M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-1.09	-1.08	-1.07	-1.15	-1.04	-1.00	-0.74	-1.72	-2.36	-0.99
EPS Growth %	0.15%	0.01%	0.01%	-0.07%	0.1%	0.04%	0.26%	-1.32%	-0.37%	0.58%
EPS (Basic)	-1.09	-1.08	-1.07	-1.15	-1.04	-1.00	-0.74	-1.72	-2.36	-0.99
Diluted Shares Outstanding	39.85M	40.67M	41.62M	43.64M	46.3M	48.45M	51.13M	52.95M	54.1M	55.35M
Basic Shares Outstanding	39.85M	40.67M	41.62M	43.64M	46.3M	48.45M	51.13M	52.95M	54.1M	55.35M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	97.88M	98.04M	115.29M	177.23M	571.23M	633.09M	657.09M	600.09M	1.01B	1.05B
Cash & Short-Term Investments	76.17M	62.72M	76.7M	98.35M	487.96M	530.04M	530.45M	430.79M	813.72M	816.42M
Cash Only	58.75M	51.28M	60.33M	77.58M	381.74M	322.83M	300.39M	240.2M	256.1M	301.83M
Short-Term Investments	17.42M	11.44M	16.36M	20.76M	106.21M	207.21M	230.06M	190.59M	557.62M	514.59M
Accounts Receivable	16.46M	24.08M	29.77M	66.29M	62.66M	72.08M	80.39M	112.99M	132.56M	158.71M
Days Sales Outstanding	41.37	49.2	52.28	99.02	76.78	74.83	66.19	76.67	76.8	78.42
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	1.37M	1.86M	2.38M	8.18M	14.11M	21.92M	31.15M	56.31M	62.65M	73.11M
Total Non-Current Assets+	46.02M	45.1M	42.42M	53.88M	67.72M	73.92M	129.67M	219.53M	209.92M	320.23M
Property, Plant & Equipment	44.41M	42.59M	40.44M	41.47M	47.65M	45.21M	46.58M	41.03M	36.92M	33.61M
Fixed Asset Turnover	3.27x	4.19x	5.14x	5.89x	6.25x	7.78x	9.52x	13.11x	17.06x	21.98x
Goodwill	0	0	0	0	0	0	34.56M	109.74M	112.1M	196.84M
Intangible Assets	896K	1.01M	1.12M	1.27M	1.65M	1.58M	10.43M	28.23M	22.89M	27.39M
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	711K	1.5M	861K	11.15M	18.42M	27.13M	38.1M	40.53M	38.01M	62.38M
Total Assets+	143.9M	143.14M	157.72M	231.11M	638.95M	707.01M	786.76M	819.62M	1.22B	1.37B
Asset Turnover	1.01x	1.25x	1.32x	1.06x	0.47x	0.50x	0.56x	0.66x	0.52x	0.54x
Asset Growth %	-0.13%	-0.01%	0.1%	0.47%	1.76%	0.11%	0.11%	0.04%	0.49%	0.12%
Total Current Liabilities+	84.08M	99.89M	129.34M	191.58M	232.1M	281.79M	646.5M	406.94M	484.5M	592.42M
Accounts Payable	5.14M	849K	3.06M	5.46M	7.06M	2.84M	4.11M	6.17M	5.2M	7.75M
Days Payables Outstanding	46.65	6	18.54	30.27	30.3	11.51	14.46	17.35	12.32	16.43
Short-Term Debt	18K	20K	0	0	0	0	298.66M	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	8.78M	8.66M	13.42M	20.43M	19.21M	21.14M	24.86M	24.2M	43.77M	34.3M
Current Ratio	1.16x	0.98x	0.89x	0.93x	2.46x	2.25x	1.02x	1.47x	2.08x	1.77x
Quick Ratio	1.16x	0.98x	0.89x	0.93x	2.46x	2.25x	1.02x	1.47x	2.08x	1.77x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	34.09M	46.38M	45.31M	49.27M	352.65M	360.94M	67.28M	406.7M	823.75M	817.73M
Long-Term Debt	73K	53K	0	0	280.6M	289.49M	0	340.26M	762.46M	764.89M
Capital Lease Obligations	21.08M	19.74M	18.43M	17.21M	37.98M	33.87M	31.5M	26.68M	24.94M	22.93M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	3.34M	4.1M	4.17M	6.89M	1.5M	1.68M	1.6M	1.52M	178K	227K
Total Liabilities	118.18M	146.27M	174.65M	240.85M	584.75M	642.73M	713.78M	813.64M	1.31B	1.41B
Total Debt+	22.98M	21.1M	19.59M	18.43M	323.27M	329.61M	337.74M	373.17M	793.18M	793.28M
Net Debt	-35.77M	-30.18M	-40.74M	-59.15M	-58.47M	6.78M	37.35M	132.97M	537.08M	491.44M
Debt / Equity	0.89x	-	-	-	5.96x	5.13x	4.63x	62.37x	-	-
Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Net Debt / EBITDA	-	-	-	-	-	-	-	-	-	-
Interest Coverage	-21.57x	-23.24x	-24.01x	-27.25x	-7.53x	-2.71x	-2.09x	-14.69x	-1.76x	-5.95x
Total Equity+	25.72M	-3.13M	-16.93M	-9.74M	54.2M	64.28M	72.98M	5.98M	-89.39M	-41.68M
Equity Growth %	-0.54%	-1.12%	-4.42%	0.42%	6.56%	0.19%	0.14%	-0.92%	-15.94%	0.53%
Book Value per Share	0.65	-0.08	-0.41	-0.22	1.17	1.33	1.43	0.11	-1.65	-0.75
Total Shareholders' Equity	25.72M	-3.13M	-16.93M	-9.74M	54.2M	64.28M	72.98M	5.98M	-89.39M	-41.68M
Common Stock	41K	41K	42K	44K	47K	49K	51K	53K	54K	56K
Retained Earnings	-176.93M	-220.91M	-265.34M	-307.03M	-366.3M	-414.7M	-452.43M	-525.12M	-652.64M	-707.68M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	241K	291K	72K	98K	287K	230K	-288K	-6.69M	255K	-6.42M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-21.59M	-10.37M	5.52M	6.4M	30.92M	33.24M	49.84M	11.33M	70.88M	87.71M
Operating CF Margin %	-0.15%	-0.06%	0.03%	0.03%	0.1%	0.09%	0.11%	0.02%	0.11%	0.12%
Operating CF Growth %	-5.16%	0.52%	1.53%	0.16%	3.83%	0.08%	0.5%	-0.77%	5.25%	0.24%
Net Income	-43.4M	-43.98M	-44.43M	-50.07M	-47.48M	-48.4M	-37.73M	-90.95M	-127.53M	-55.04M
Depreciation & Amortization	4.41M	3.82M	3.55M	3.78M	3.84M	4.3M	5.24M	10.21M	11.14M	11M
Stock-Based Compensation	11M	14.25M	19.48M	30.84M	35.78M	45.77M	48.63M	70.66M	98.77M	102.15M
Deferred Taxes	-76K	-32K	-32K	-9K	-65K	0	-1.97M	538K	-14K	-629K
Other Non-Cash Items	-1.87M	-815K	-1.96M	409K	3.18M	9.4M	8.37M	2.53M	40.28M	-9.35M
Working Capital Changes	8.34M	16.39M	28.92M	21.45M	35.65M	22.18M	27.3M	18.34M	48.23M	39.58M
Change in Receivables	-5.08M	-7.1M	-5.55M	-20.22M	3.92M	-8.71M	-8.07M	-30.55M	-20.49M	-23.24M
Change in Inventory	4.21M	-6.29M	3.39M	10.98M	0	0	0	0	0	0
Change in Payables	2.33M	-3.93M	2.21M	1.7M	2.15M	-4.11M	972K	2.44M	-1M	2.4M
Cash from Investing+	-19.78M	3.81M	-6.47M	-5.63M	-90.06M	-103.75M	-68.63M	-68.01M	-357.25M	-45.25M
Capital Expenditures	-2.23M	-2.09M	-1.39M	-1.37M	-3.1M	-1.87M	-3.53M	-3.46M	-2.12M	-1.36M
CapEx % of Revenue	0.02%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0%	0%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-386K	-190K	7K	-251K	-1.73M	-296K	-969K	-160K	-235K	-191K
Cash from Financing+	-1.1M	-895K	9.82M	16.88M	363.02M	11.12M	-3.39M	-1.59M	301.26M	6.74M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-381K	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	1.65M	986K	11.33M	18.04M	28.68M	12.76M	-1.68M	-12K	7.53M	7.27M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-23.82M	-12.46M	4.13M	5.03M	27.08M	31.07M	46.09M	7.72M	68.52M	86.15M
FCF Margin %	-0.16%	-0.07%	0.02%	0.02%	0.09%	0.09%	0.1%	0.01%	0.11%	0.12%
FCF Growth %	-0.91%	0.48%	1.33%	0.22%	4.39%	0.15%	0.48%	-0.83%	7.88%	0.26%
FCF per Share	-0.60	-0.31	0.10	0.12	0.58	0.64	0.90	0.15	1.27	1.56
FCF Conversion (FCF/Net Income)	0.50x	0.24x	-0.12x	-0.13x	-0.65x	-0.69x	-1.32x	-0.12x	-0.56x	-1.59x
Interest Paid	2.05M	1.83M	1.63M	1.73M	1.34M	5.07M	4.84M	4.74M	4.71M	10.28M
Taxes Paid	64K	47K	42K	67K	371K	679K	0	1.43M	2.66M	6.2M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-106.45%	-389.28%	-	-	-213.57%	-81.7%	-54.98%	-230.36%	-	-
Return on Invested Capital (ROIC)	-	-	-	-	-	-84.9%	-24.28%	-53.41%	-24.17%	-12.79%
Gross Margin	72.32%	71.1%	71.02%	73.05%	71.46%	74.35%	76.58%	75.85%	75.52%	76.71%
Net Margin	-29.87%	-24.62%	-21.37%	-20.49%	-15.94%	-13.77%	-8.51%	-16.91%	-20.24%	-7.45%
Debt / Equity	0.89x	-	-	-	5.96x	5.13x	4.63x	62.37x	-	-
Interest Coverage	-21.57x	-23.24x	-24.01x	-27.25x	-7.53x	-2.71x	-2.09x	-14.69x	-1.76x	-5.95x
FCF Conversion	0.50x	0.24x	-0.12x	-0.13x	-0.65x	-0.69x	-1.32x	-0.12x	-0.56x	-1.59x
Revenue Growth	28.91%	22.97%	16.36%	17.55%	21.91%	18.03%	26.08%	21.34%	17.13%	17.24%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
License and Service	-	245.76M	-	-	-	558.64M	667.65M
License and Service Growth	-	-	-	-	-	-	19.51%
XBRL Professional Services	30.56M	38.73M	-	-	-	56.82M	58.79M
XBRL Professional Services Growth	-	26.74%	-	-	-	-	3.47%
Other Services	13.39M	13.39M	17.68M	19.18M	18.04M	14.57M	12.24M
Other Services Growth	-	0.01%	32.06%	8.46%	-5.93%	-19.23%	-15.99%
Professional Services	-	-	55.72M	63.95M	72.94M	-	-
Professional Services Growth	-	-	-	14.77%	14.07%	-	-

Revenue by Geography

	2018	2019	2020	2021	2022	2023	2024
Americas	-	286.13M	51.14M	58.31M	67.31M	472.86M	545.77M
Americas Growth	-	-	-82.13%	14.02%	15.43%	602.52%	15.42%
Other Countries, Excluding Americas	-	11.76M	4.58M	5.63M	5.63M	85.78M	121.87M
Other Countries, Excluding Americas Growth	-	-	-61.10%	23.15%	-0.05%	1423.42%	42.07%

Frequently Asked Questions

Growth & Financials

Workiva Inc. (WK) reported $845.5M in revenue for fiscal year 2024. This represents a 1497% increase from $52.9M in 2012.

Workiva Inc. (WK) grew revenue by 17.2% over the past year. This is strong growth.

Workiva Inc. (WK) reported a net loss of $46.8M for fiscal year 2024.

Dividend & Returns

Workiva Inc. (WK) generated $130.3M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.