Workiva (NYSE:WK) Announces Quarterly Earnings Results

Workiva (NYSE:WK) issued its earnings results on Tuesday. The software maker reported $0.77 EPS for the quarter, beating the consensus estimate of $0.66 by $0.11, FiscalAI reports. The firm had revenue of $247.31 million during the quarter, compared to the consensus estimate of $245.17 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter 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 Stock Down 2.2%

WK traded down $1.23 during trading hours on Tuesday, hitting $55.35. 1,422,794 shares of the company’s stock were exchanged, compared to its average volume of 1,104,579. Workiva has a 1-year low of $50.98 and a 1-year high of $97.10. The stock’s 50-day moving average is $58.74 and its two-hundred day moving average is $75.12. 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 declared that its Board of Directors has approved a stock buyback program on Monday, February 16th that allows the company to buyback $250.00 million in shares. This buyback authorization allows the software maker to reacquire up to 7.7% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Key Headlines Impacting Workiva

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 brokerages have commented on WK. Stifel Nicolaus lowered their target price on shares of Workiva from $98.00 to $79.00 and set a “buy” rating for the company in a research note 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 note on Friday, February 20th. Citigroup reaffirmed a “buy” rating on shares of Workiva in a research note on Monday, February 23rd. Stephens set a $90.00 price target on shares of Workiva in a report on Friday, February 20th. Finally, BTIG Research reduced their price target on shares of Workiva from $105.00 to $90.00 and set a “buy” rating for the company in a report on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $95.00.

Institutional Trading of Workiva

A number of large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new position in shares of Workiva in the fourth quarter valued at about $26,000. Quarry LP raised its position in shares of Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after purchasing an additional 325 shares during the period. Allworth Financial LP raised its position in shares of Workiva by 82.3% in the third quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after purchasing an additional 186 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Workiva in the fourth quarter valued at about $93,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Workiva by 40.8% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,797 shares of the software maker’s stock valued at $155,000 after purchasing an additional 521 shares during the period. Institutional investors and hedge funds own 92.21% of the company’s stock.

About Workiva

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.