Workiva (NYSE:WK) Issues Quarterly Earnings Results

Workiva (NYSE:WK) issued its earnings results on Tuesday. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11, FiscalAI reports. The company had revenue of $247.31 million during the quarter, compared to analysts’ expectations of $245.17 million. During the same period in the previous year, the company earned $0.14 EPS. Workiva’s quarterly revenue was up 19.9% on a year-over-year basis. Workiva updated its FY 2026 guidance to 2.850-2.950 EPS and its Q2 2026 guidance to 0.620-0.650 EPS.

Here are the key takeaways from Workiva’s conference call:

• Q1 beat expectations — Total revenue was $247M, up 20% year‑over‑year with subscription revenue up 21%, and non‑GAAP operating margin of 18.4% beat guidance by 240 bps and improved ~1,600 bps versus Q1 2025.
• Upmarket, multi‑solution traction — Large contract cohorts expanded meaningfully (contracts >$300K +38%, >$500K +39%), net retention was 112%, and 75% of subscription revenue came from multi‑solution customers, often sold via Big Four/regional partners.
• AI and product innovation — Workiva rolled out agent‑driven features (GRC flowchart visualizer, IFRS sustainability agent, Internal Tie‑Out Assistant) and is embedding AI to improve customer value and internal productivity.
• Guidance and near‑term cadence — Q2 revenue guide of $250M–$252M and a lower Q2 non‑GAAP margin (14.5%–15.0%) reflect seasonality/headcount timing, while full‑year revenue is guided to $1.037B–$1.041B with a raised margin outlook of 16.0%–16.5% and ~20% free cash flow margin.
• Strong balance sheet and buybacks — Cash and marketable securities of $863M and $50M of share repurchases in Q1 ( $122M repurchased of a $350M program) give flexibility for returns and opportunistic repurchases.

Workiva Price Performance

WK traded down $1.23 on Tuesday, reaching $55.35. The company’s stock had a trading volume of 1,422,794 shares, compared to its average volume of 1,104,579. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of -115.32 and a beta of 0.54. Workiva has a 1 year low of $50.98 and a 1 year high of $97.10. The business’s 50 day moving average is $58.74 and its 200 day moving average is $75.12.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd purchased a new position in Workiva in the fourth quarter valued at about $26,000. Quarry LP lifted its holdings in Workiva by 396.3% during the 4th quarter. Quarry LP now owns 407 shares of the software maker’s stock worth $35,000 after buying an additional 325 shares during the last quarter. Allworth Financial LP lifted its holdings in Workiva by 82.3% during the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock worth $35,000 after buying an additional 186 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Workiva during the 4th quarter worth approximately $93,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Workiva by 40.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,797 shares of the software maker’s stock worth $155,000 after buying an additional 521 shares during the last quarter. Hedge funds and other institutional investors own 92.21% of the company’s stock.

Workiva News Roundup

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q1 results beat expectations: Workiva reported $0.77 EPS vs. $0.66 consensus and revenue of $247.3M vs. $245.2M, with revenue up ~19.9% year-over-year — a clear operational beat that supports the growth story. Read More.
• Positive Sentiment: Management issued materially higher EPS guidance: Q2 EPS guide of $0.62–$0.65 (consensus ~$0.42) and FY 2026 EPS guide of $2.85–$2.95 (consensus ~$2.28) — this lift to profitability expectations is a strong positive for underlying earnings power. Read More.
• Positive Sentiment: Management tone emphasizes AI-driven demand and adoption in the Office of the CFO, reinforcing secular growth narrative and product-led momentum. Read More.
• Neutral Sentiment: Analyst coverage confirms the beat: multiple write-ups (Zacks, MarketBeat) highlight the top-line and EPS beats and walk through key metrics vs. estimates — useful context but largely reiterative of results. Read More.
• Negative Sentiment: Q2 revenue guidance is essentially flat to just below consensus ($250.0M–$252.0M vs. ~$252.1M consensus) and FY revenue guidance is roughly in-line — some investors may be disappointed that revenue guidance didn’t see the same upside as EPS, raising short-term growth/visibility questions. Read More.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stephens set a $90.00 target price on Workiva in a research report on Friday, February 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $102.00 target price on shares of Workiva in a research report on Friday, February 20th. Truist Financial reaffirmed a “buy” rating and issued a $90.00 target price (down from $110.00) on shares of Workiva in a research report on Friday, February 20th. Stifel Nicolaus decreased their target price on Workiva from $98.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Finally, Robert W. Baird decreased their target price on Workiva from $115.00 to $86.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

Workiva declared that its Board of Directors has approved a share repurchase plan on Monday, February 16th that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Workiva Company Profile

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.