Workiva Inc - Understand $wk stock

$WK Market Cap: $5.626 Billion

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Financial Snapshot

Revenue

$705.4M

TTM

Gross Margin

76.73%

TTM

Net Earnings

-$50.42M

TTM

Current Assets

$988.7M

Q3 2024

Current Liabilities

$539.2M

Q3 2024

Current Ratio

183.38%

Q3 2024

Total Assets

$1.302B

Q3 2024

Total Liabilities

$1.353B

Q3 2024

Book Value

-$50.81M

Q3 2024

Cash

$248.2M

Q3 2024

P/E

-111.6

Nov 29, 2024 EST

Free Cash Flow

$67.07M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$630.0M	$537.9M	$443.3M	$351.6M	$297.9M	$244.3M	$207.9M	$178.6M	$145.3M	$112.7M	$85.15M	$52.94M
YoY Change	17.13%	21.34%	26.08%	18.03%	21.91%	17.55%	16.36%	22.97%	28.91%	32.35%	60.85%	255.29%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$630.0M	$537.9M	$443.3M	$351.6M	$297.9M	$244.3M	$207.9M	$178.6M	$145.3M	$112.7M	$85.15M	$52.94M
Cost Of Revenue	$154.2M	$129.9M	$103.8M	$90.18M	$85.01M	$65.86M	$60.25M	$51.63M	$40.20M	$33.88M	$24.65M	$19.04M
Gross Profit	$475.8M	$408.0M	$339.5M	$261.4M	$212.9M	$178.5M	$147.6M	$127.0M	$105.1M	$78.82M	$60.50M	$33.90M
Gross Profit Margin	75.52%	75.85%	76.58%	74.35%	71.46%	73.05%	71.02%	71.1%	72.33%	69.94%	71.05%	64.03%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Selling, General & Admin	$397.6M	$345.0M	$253.1M	$204.4M	$168.4M	$146.7M	$123.8M	$113.2M	$98.29M	$73.28M	$55.67M	$43.71M
YoY Change	15.22%	36.34%	23.83%	21.39%	14.79%	18.52%	9.36%	15.14%	34.12%	31.64%	27.35%	180.22%
% of Gross Profit	83.55%	84.57%	74.55%	78.18%	79.09%	82.18%	83.83%	89.09%	93.54%	92.98%	92.01%	128.97%
Research & Development	$172.8M	$151.7M	$115.7M	$94.84M	$89.92M	$81.60M	$68.17M	$57.44M	$50.47M	$44.15M	$34.12M	$18.39M
YoY Change	13.89%	31.09%	22.03%	5.47%	10.19%	19.7%	18.69%	13.82%	14.32%	29.4%	85.56%	178.56%
% of Gross Profit	36.31%	37.19%	34.09%	36.28%	42.24%	45.72%	46.18%	45.22%	48.03%	56.01%	56.39%	54.24%
Depreciation & Amortization	$11.14M	$10.21M	$5.244M	$4.296M	$3.844M	$3.781M	$3.546M	$3.820M	$4.410M	$3.877M	$2.373M	$1.039M
YoY Change	9.09%	94.74%	22.07%	11.76%	1.67%	6.63%	-7.17%	-13.38%	13.75%	63.38%	128.39%
% of Gross Profit	2.34%	2.5%	1.54%	1.64%	1.81%	2.12%	2.4%	3.01%	4.2%	4.92%	3.92%	3.07%
Operating Expenses	$570.3M	$496.8M	$368.8M	$299.2M	$258.3M	$228.3M	$191.9M	$170.6M	$148.8M	$117.4M	$89.78M	$62.10M
YoY Change	14.81%	34.69%	23.26%	15.85%	13.15%	18.94%	12.5%	14.69%	26.68%	30.79%	44.58%	179.73%
Operating Profit	-$94.53M	-$88.76M	-$29.36M	-$37.80M	-$45.41M	-$49.79M	-$44.30M	-$43.58M	-$43.68M	-$38.61M	-$29.28M	-$28.20M
YoY Change	6.49%	202.38%	-22.35%	-16.75%	-8.8%	12.38%	1.66%	-0.24%	13.14%	31.86%	3.83%	112.05%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$53.64M	$6.042M	$14.02M	$13.96M	$6.027M	$1.827M	$1.845M	$1.875M	$2.025M	$2.044M	$366.0K	$1.521M
YoY Change	787.77%	-56.89%	0.37%	131.69%	229.89%	-0.98%	-1.6%	-7.41%	-0.93%	458.47%	-75.94%	-607.0%
% of Operating Profit
Other Income/Expense, Net	-$1.814M	$926.0K	$3.229M	-$205.0K	-$564.0K	$1.791M	$1.783M	$1.500M	$2.302M	-$468.0K	$104.0K	-$861.0K
YoY Change	-295.9%	-71.32%	-1675.12%	-63.65%	-131.49%	0.45%	18.87%	-34.84%	-591.88%	-550.0%	-112.08%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Pretax Income	-$124.1M	-$89.00M	-$39.10M	-$48.69M	-$47.34M	-$49.82M	-$44.37M	-$43.95M	-$43.41M	-$41.12M	-$29.54M	-$30.59M
YoY Change	39.44%	127.62%	-19.69%	2.85%	-4.99%	12.3%	0.94%	1.26%	5.55%	39.19%	-3.4%	124.89%
Income Tax	$3.427M	$1.947M	-$1.370M	-$291.0K	$139.0K	$247.0K	$61.00K	$24.00K	-$7.000K	$32.00K	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$127.5M	-$90.95M	-$37.73M	-$48.40M	-$47.48M	-$50.07M	-$44.43M	-$43.98M	-$43.40M	-$41.15M	-$29.54M	-$30.59M
YoY Change	40.22%	141.05%	-22.04%	1.94%	-5.18%	12.71%	1.02%	1.33%	5.46%	39.3%	-3.4%	124.89%
Net Earnings / Revenue	-20.24%	-16.91%	-8.51%	-13.77%	-15.94%	-20.49%	-21.37%	-24.62%	-29.87%	-36.52%	-34.7%	-57.78%
Basic Earnings Per Share	-$2.36	-$1.72	-$0.74	-$1.00	-$1.03
Diluted Earnings Per Share	-$2.36	-$1.72	-$0.74	-$1.00	-$1.03	-$1.149M	-$1.067M	-$1.081M	-$1.088M	-$1.280M	-$939.5K	-$1.159M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Cash & Short-Term Investments	$813.7M	$430.8M	$530.4M	$530.0M	$488.0M	$98.30M	$76.70M	$62.70M	$76.20M	$101.1M	$18.00M	$30.20M
YoY Change	88.89%	-18.79%	0.08%	8.61%	396.44%	28.16%	22.33%	-17.72%	-24.63%	461.67%	-40.4%
Cash & Equivalents	$256.1M	$240.2M	$300.4M	$322.8M	$381.7M	$77.60M	$60.30M	$51.30M	$58.80M	$101.1M	$15.50M	$25.00M
Short-Term Investments	$557.6M	$190.6M	$230.1M	$207.2M	$106.2M	$20.80M	$16.40M	$11.40M	$17.40M	$0.00	$2.400M	$5.200M
Other Short-Term Assets	$62.65M	$56.31M	$46.26M	$30.90M	$20.60M	$12.60M	$8.800M	$11.30M	$5.300M	$4.000M	$1.200M	$1.800M
YoY Change	11.27%	21.72%	49.71%	50.0%	63.49%	43.18%	-22.12%	113.21%	32.5%	233.33%	-33.33%
Inventory
Prepaid Expenses
Receivables	$125.2M	$106.3M	$76.85M	$68.90M	$60.20M	$65.10M	$28.80M	$22.50M	$15.60M	$11.10M	$13.90M	$5.200M
Other Receivables	$7.367M	$6.674M	$3.538M	$3.200M	$2.500M	$1.200M	$1.000M	$1.600M	$900.0K	$300.0K	$2.800M	$100.0K
Total Short-Term Assets	$1.009B	$600.1M	$657.1M	$633.1M	$571.2M	$177.2M	$115.3M	$98.00M	$97.90M	$116.5M	$35.90M	$37.30M
YoY Change	68.13%	-8.68%	3.79%	10.84%	222.35%	53.69%	17.65%	0.1%	-15.97%	224.51%	-3.75%
Property, Plant & Equipment	$36.92M	$41.03M	$46.58M	$45.20M	$47.70M	$41.50M	$40.40M	$42.60M	$44.40M	$46.30M	$34.70M	$15.60M
YoY Change	-10.0%	-11.92%	3.06%	-5.24%	14.94%	2.72%	-5.16%	-4.05%	-4.1%	33.43%	122.44%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments										$0.00	$2.400M	$0.00
YoY Change										-100.0%
Other Assets	$38.01M	$40.53M	$38.10M	$27.10M	$18.40M	$11.10M	$900.0K	$1.500M	$700.0K	$1.200M	$800.0K	$600.0K
YoY Change	-6.21%	6.39%	40.58%	47.28%	65.77%	1133.33%	-40.0%	114.29%	-41.67%	50.0%	33.33%
Total Long-Term Assets	$209.9M	$219.5M	$129.7M	$73.90M	$67.80M	$53.90M	$42.40M	$45.10M	$46.00M	$48.10M	$38.00M	$16.20M
YoY Change	-4.38%	69.3%	75.46%	9.0%	25.79%	27.12%	-5.99%	-1.96%	-4.37%	26.58%	134.57%
Total Assets	$1.219B	$819.6M	$786.8M	$707.0M	$639.0M	$231.1M	$157.7M	$143.1M	$143.9M	$164.6M	$73.90M	$53.50M
YoY Change
Accounts Payable	$5.204M	$6.174M	$4.114M	$2.800M	$7.100M	$5.500M	$3.100M	$800.0K	$5.100M	$3.000M	$4.000M	$2.400M
YoY Change	-15.71%	50.07%	46.93%	-60.56%	29.09%	77.42%	287.5%	-84.31%	70.0%	-25.0%	66.67%
Accrued Expenses	$69.70M	$56.64M	$55.80M	$48.70M	$36.60M	$27.90M	$19.10M	$19.50M	$19.50M	$16.00M	$8.200M	$6.700M
YoY Change	23.06%	1.51%	14.57%	33.06%	31.18%	46.07%	-2.05%	0.0%	21.88%	95.12%	22.39%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$532.0K	$504.0K	$300.2M	$1.700M	$1.600M	$1.200M	$1.200M	$1.300M	$1.800M	$2.000M	$3.000M	$200.0K
YoY Change	5.56%	-99.83%	17560.94%	6.25%	33.33%	0.0%	-7.69%	-27.78%	-10.0%	-33.33%	1400.0%
Total Short-Term Liabilities	$484.5M	$406.9M	$646.5M	$281.8M	$232.1M	$191.6M	$129.3M	$99.90M	$84.10M	$66.70M	$43.40M	$26.40M
YoY Change	19.06%	-37.05%	129.42%	21.41%	21.14%	48.18%	29.43%	18.79%	26.09%	53.69%	64.39%
Long-Term Debt	$776.5M	$354.8M	$15.09M	$306.2M	$300.0M	$17.20M	$18.40M	$19.80M	$21.20M	$22.80M	$22.40M	$12.00M
YoY Change	118.83%	2251.96%	-95.07%	2.07%	1644.19%	-6.52%	-7.07%	-6.6%	-7.02%	1.79%	86.67%
Other Long-Term Liabilities	$47.25M	$51.86M	$52.19M	$54.80M	$52.60M	$32.10M	$26.90M	$26.60M	$12.90M	$19.20M	$14.90M	$1.100M
YoY Change	-8.89%	-0.65%	-4.76%	4.18%	63.86%	19.33%	1.13%	106.2%	-32.81%	28.86%	1254.55%
Total Long-Term Liabilities	$823.8M	$406.7M	$67.28M	$361.0M	$352.6M	$49.30M	$45.30M	$46.40M	$34.10M	$42.00M	$37.30M	$13.10M
YoY Change	102.55%	504.48%	-81.36%	2.38%	615.21%	8.83%	-2.37%	36.07%	-18.81%	12.6%	184.73%
Total Liabilities	$1.308B	$813.6M	$713.8M	$642.7M	$584.7M	$240.9M	$174.6M	$146.3M	$118.2M	$108.7M	$80.70M	$39.50M
YoY Change	60.79%	13.99%	11.06%	9.92%	142.71%	37.97%	19.34%	23.77%	8.74%	34.7%	104.3%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019
Basic Shares Outstanding	54.10M shares	52.95M shares	51.13M shares	48.45M shares	46.30M shares
Diluted Shares Outstanding	54.10M shares	52.95M shares	51.13M shares	48.45M shares	46.30M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $5.6262 Billion

About WORKIVA INC

Workiva, Inc. engages in the provision of cloud-based compliance and regulatory reporting solutions that are designed to solve business challenges at the intersection of data, process, and people. The company is headquartered in Ames, Iowa and currently employs 2,526 full-time employees. The company went IPO on 2014-12-12. The firm offers its unified software-as-a-service (SaaS) platform that brings customers’ financial reporting, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC) together in a controlled, secure, audit-ready platform. The firm's Workiva platform is multi-tenant cloud software deployed in multiple regions worldwide for assured integrated reporting. The firm's platform is built primarily on Amazon Web Services (AWS) and is composed of both proprietary and open-source technologies. Its Workiva platform helps the customers by connecting and transforming data from hundreds of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, as well as other third-party cloud and on-premise applications.

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