Sector: Technology | Industry: Software |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2900 University Blvd AMES IA 50010 |
Tel: | 1-515-6634493 |
Website: | https://www.workiva.com |
IR: | See website |
Key People | ||
Julie Iskow President, Chief Executive Officer, Director | Jill E. Klindt Chief Financial Officer, Executive Vice President, Treasurer | Brandon E. Ziegler Executive Vice President, Chief Legal and Administrative Officer and Corporate Secretary |
Michael D. Hawkins Executive Vice President - Sales | Junko Swain Senior Vice President, Chief Accounting Officer |
Business Overview |
Workiva Inc. is a provider of cloud-based reporting solutions that are designed to solve business challenges at the intersection of data, process and people. The Company 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 Company's Workiva platform is multi-tenant cloud software deployed in multiple regions worldwide for assured integrated reporting. The Company'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. |
Financial Overview |
For the fiscal year ended 31 December 2023, Workiva Inc revenues increased 17% to $630M. Net loss increased 40% to $127.5M. Revenues reflect Subscription and support segment increase of 20% to $558.6M, XBRL professional services segment increase of 4% to $56.8M, Americas segment increase of 13% to $537.7M, Other segment increase of 50% to $92.3M. Higher net loss reflects Interest expense - Balancing value increase from $5.2M to $52.8M (expense). |
Employees: | 2,526 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $4,128M as of Dec 31, 2023 |
Annual revenue (TTM): | $630.04M as of Dec 31, 2023 |
EBITDA (TTM): | -$82.99M as of Dec 31, 2023 |
Net annual income (TTM): | -$127.53M as of Dec 31, 2023 |
Free cash flow (TTM): | $68.52M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 54,730,401 as of Feb 15, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |