Workiva Inc. (WK) Stock

Workiva Inc. (WK) is a Technology stock trading at $52.44 (as of 2026-07-24), with a market capitalization of $3.06B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Workiva 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.

Understand Workiva Inc.: how it makes money

Workiva provides cloud-based compliance and regulatory reporting software, selling a platform for controlled collaboration and audit trails, plus subscription and support and professional services.

Profit is driven by recurring subscription and support, evidenced by remaining performance obligations and high subscription revenue retention, with professional services as a smaller, supporting component.

Revenue by segment (latest quarter)
Subscr+Support	$0.2B
Pro Serv	$0.0B

Business quality (Mixed): Strong disclosure for operating drivers (remaining performance obligations and retention), but segment revenue inputs provided do not directly match the reported total revenue, so segment values are reconciled to the stated total for presentation.

Valuation: Trades at 216× trailing earnings · $3B market cap.

Bull case

Backlog that can convert to future subscription revenue: Remaining Performance Obligations are reported as USD_B 0.76.
Subscription cohort strength: Subscription and Support Revenue Retention Rate (Including Add-on Revenue) is 112%.
Breadth of deployment across enterprise systems: The platform supports connecting data from ERP, GRC, human capital management, CRM, and other cloud and on-premise applications.

Bear case

Retention can still mask underlying commercial changes: Even with a high retention rate, retention could be sensitive to customer add-on mix and renewal timing, given the retention rate is reported as including add-on revenue.
More revenue likely needs to be sustained by ongoing new business: New Customer metrics are provided (for example, Net New Customers of 89), implying continued acquisition or expansion is part of the growth model.
Operating leverage may be limited if professional services contribute unevenly: Professional Services Revenue is smaller than subscription and support, so changes in services demand could affect revenue mix and execution.

Valuation — source: SEC EDGAR (first-party)
Price	$52.44
Market Cap	$3.06B
Price / Sales	3.43
FCF Yield	3.7%
DCF Value (model)	$56.97
DCF Upside vs Price	8.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$884.57M
Net Margin	-3.0%
Revenue Growth (YoY)	19.7%
EPS Growth (YoY)	-52.5%
FCF Growth (YoY)	59.8%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.33 (distress)

Valuation vs Sector & Industry
Sector P/E (Technology)	34.6
Industry P/E (Business Services)	29.7

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($539.84M)
Institutional Holders Tracked	10

Company
Sector	Technology
Industry	Business Services
CEO	Julie Iskow
Employees	2,873
Country	US
IPO Date	2014-12-12

Related Companies (Business model: SaaS / Subscription Software (Enterprise); 8 closest by market cap; US-domiciled)

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.