WKNYSEServices-Prepackaged SoftwareFiscal year ends December 31
WORKIVA INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026
$76.73+1.42 (+1.89%)
Close on Oct 19, 2026
- Market cap
- $4.30B
- P/E (TTM)
- 92.4
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
78.5%+4.1 pts over 5 years
Operating margin
-4.8%+6.0 pts over 5 years
Net margin
-3.0%+10.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +19.7% | +18.0% | +20.3% | +19.8% | |
| Gross profit | +22.5% | +19.4% | +21.6% | +20.8% | |
| Free cash flow | +59.8% | +159.7% | +34.5% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -389.3% | -81.7% | 111.1% | |
| Return on assets | -30.6% | -7.2% | -1.8% | |
| Current ratio | 0.98 | 2.25 | 1.57 | |
| Debt to equity | -0.02 | – | – | |
| Net debt to EBITDA | 1.29× | – | – | |
| Interest coverage | -23.2× | -2.7× | -3.3× | |
| Capex to revenue | 1.1% | 0.5% | 0.2% | |
| Diluted shares | 41M | 48M | 56M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Workiva generated $359.83M from operations and spent $84.18M on capital expenditure, dividends and share buybacks. 15% of that went back into the business.
Generated
$359.83M
Used
$84.18M
Capital expenditure$12.55M15%Dividends$00%Share buybacks$71.63M85%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-3.0%
×Asset turnover0.62×
×Equity multiplier-60.74×
=Return on equity, FY2025111.1%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -3.0% | 0.62× | -60.74× | 111.1% |
| FY2024 | -7.5% | 0.57× | -19.74× | 84.0% |
| FY2023 | -20.2% | 0.62× | -24.44× | 305.8% |
| FY2022 | -16.9% | 0.67× | 20.34× | -230.4% |
| FY2021 | -8.5% | 0.59× | 10.88× | -55.0% |
| FY2020 | -13.8% | 0.52× | 11.36× | -81.7% |
| FY2019 | -15.9% | 0.68× | 19.57× | -213.6% |
| FY2018 | -20.5% | 1.26× | -14.58× | 375.4% |
| FY2017 | -21.4% | 1.38× | -15.00× | 443.0% |
| FY2016 | -24.6% | 1.24× | 12.70× | -389.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$26.17M
- Cash generatingOperating cash flow above zero$140.07M
- Return on assets improvedROA up on the prior year-4.5% → -1.9%
- Earnings backed by cashOperating cash flow above net income$140.07M vs -$26.17M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.77 → 1.57
- No dilutionShare count did not rise55M → 56M
- Gross margin improvedGross margin up on the prior year76.71% → 78.47%
- More efficientAsset turnover rose0.61 → 0.65