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Workiva Inc (WK)
NYSE:WK
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.05Last Year’s EPS
0.16Same Quarter Last Year
Strong Buy
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -3.56%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong performance with significant growth in subscription revenue and large contracts, as well as high customer retention and successful product innovations. However, challenges such as a cautious buying environment and flat professional services revenue were noted. While the company maintained its guidance, it reflects an awareness of potential market uncertainties.Company Guidance
During Workiva's Q1 2025 earnings call, the company provided guidance for the upcoming quarter and the full fiscal year. Total revenue for Q1 reached $206 million, marking a 17% increase from the previous year, with subscription revenue specifically growing by 20% year-over-year. Although Workiva beat the high end of its revenue guidance for Q1 by $1 million, the company maintained its full-year revenue guidance of between $864 million and $868 million, reflecting cautious optimism given the macroeconomic uncertainties. Workiva expects subscription revenue to grow by approximately 20% for the full year, with a non-GAAP operating margin ranging from 5% to 5.5%. The company also highlighted a strong gross retention rate of 97% and a net retention rate of 110% for Q1. Despite signs of a more cautious buying environment, Workiva remains confident in achieving its long-term growth targets, emphasizing its competitive differentiation and the significant opportunities within its target markets, particularly in sustainability and financial reporting solutions.Strong Subscription Revenue Growth
Subscription revenue grew 20% year-over-year, and total revenue grew 17% year-over-year, beating the high end of guidance.
Expansion in Large Contracts
The number of contracts valued over $100,000 increased 23%, those over $300,000 increased 32%, and contracts valued over $500,000 were up 32% compared to Q1 of 2024.
High Customer Retention
Gross retention rate exceeded the internal target, reaching 97%, and net retention rate was 110% despite currency and Leap Year impacts.
Successful Product Innovation
New capabilities for SEC Reporting and launch of a Fund Reporting Solution for public funds were delivered in Q1.
Strong Cash Position
Cash, cash equivalents, and marketable securities were $767 million as of March 31, 2025.
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WK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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WK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $74.39 | $67.41 | -9.38% |
Feb 25, 2025 | $83.49 | $89.32 | +6.98% |
Nov 06, 2024 | $87.63 | $91.49 | +4.40% |
Aug 01, 2024 | $72.55 | $72.19 | -0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Workiva Inc (WK) report earnings?
Workiva Inc (WK) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Workiva Inc (WK) earnings time?
Workiva Inc (WK) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WK EPS forecast?
WK EPS forecast for the fiscal quarter 2025 (Q2) is 0.05.
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