Workiva provides cloud solutions for enterprises to improve productivity, accountability and insight into business data. The Company offers solutions for finance and accounting, audit and internal controls, risk and compliance, as well as operations markets. Workiva provides Wdesk, a collaborative work management platform to collect, link, report and analyze the business data, as well as to create, review and publish data-linked documents and reports.

Company Growth (employees)
Type
Public
HQ
Ames, US
Founded
2008
Size (employees)
1,180 (est)
Workiva was founded in 2008 and is headquartered in Ames, US

Key People/Management at Workiva

Matthew Rizai

Matthew Rizai

Chairman and Chief Executive Officer
Marty Vanderploeg

Marty Vanderploeg

President, Chief Operating Officer and Director
Troy Calkins

Troy Calkins

Executive Vice President, Secretary and General Counsel
Scott Ryan

Scott Ryan

Executive Vice President of Global Sales
Mitz Banarjee

Mitz Banarjee

Executive Vice President of Global Operations
Jeff Trom

Jeff Trom

Executive Vice President and Chief Technology Officer
Joseph Howell

Joseph Howell

Executive Vice President, Strategic Initiatives
Stuart Miller

Stuart Miller

Executive Vice President, Treasurer and Chief Financial Officer

Workiva Office Locations

Workiva has offices in Ames, Saskatoon, Seattle, Missoula and in 25 other locations
Ames, US (HQ)
2900 University Blvd
Show all (29)

Workiva Financials and Metrics

Workiva Financials

Workiva's revenue was reported to be $178.6 m in FY, 2016
USD

Revenue (Q2, 2017)

49.4 m

Gross profit (Q2, 2017)

35.1 m

Gross profit margin (Q2, 2017), %

71%

Net income (Q2, 2017)

(10.2 m)

EBIT (Q2, 2017)

(9.9 m)

Market capitalization (13-Nov-2017)

922 m

Cash (30-Jun-2017)

60 m

EV

882.3 m
Workiva's current market capitalization is $922 m.
USDFY, 2014FY, 2015FY, 2016

Revenue

112.7 m145.3 m178.6 m

Revenue growth, %

29%23%

Cost of goods sold

33.9 m40.2 m51.6 m

Gross profit

78.8 m105.1 m127 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

35.2 m34 m36.3 m44.6 m43 m44.7 m51.9 m49.4 m

Cost of goods sold

9.7 m9.8 m9.8 m13.1 m12.6 m12.7 m14.2 m14.3 m

Gross profit

25.5 m24.2 m26.5 m31.4 m30.4 m32 m37.7 m35.1 m

Gross profit Margin, %

73%71%73%71%71%72%73%71%
USDFY, 2014FY, 2015FY, 2016

Cash

101.1 m58.8 m51.3 m

Accounts Receivable

11.1 m15.6 m22.5 m

Prepaid Expenses

3.1 m3.9 m9.4 m

Current Assets

116.5 m97.9 m98 m
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

89.9 m86.4 m69.1 m43.2 m39.9 m42.8 m52.2 m60 m

Accounts Receivable

482 k907 k951 k1 m897 k1.3 m705 k22.7 m

Prepaid Expenses

3 m3.1 m3.3 m4.1 m5.4 m5 m8.6 m11.4 m

Current Assets

106.1 m103.6 m99.1 m78.8 m77 m84.1 m95.4 m110.6 m
USDFY, 2014FY, 2015FY, 2016

Net Income

(41.2 m)(43.4 m)(44 m)

Depreciation and Amortization

3.9 m4.4 m3.8 m

Accounts Receivable

2.6 m(5.1 m)(7.1 m)

Accounts Payable

(1.5 m)2.3 m(3.9 m)
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(7.4 m)(11 m)(14.6 m)(12 m)(11.5 m)(12.9 m)(5.8 m)(10.2 b)

Depreciation and Amortization

1.2 m1.1 m1.1 m997 k975 k944 k891 k867 m

Accounts Receivable

(911 k)(584 k)47 k(881 k)(1.8 m)(4 m)2.7 m(3.2 b)

Accounts Payable

157 k1.3 m857 k(696 k)797 k279 k1 m(678 m)
USDY, 2017

EV/EBIT

-89.4 x

EV/CFO

0.2 x

Revenue/Employee

42.1 k

Debt/Equity

-3.3 x

Debt/Assets

0.1 x

Financial Leverage

-25.2 x
Show all financial metrics

Workiva Operating Metrics

Workiva's Enterprise Customers was reported to be 2.9 k in Q2, 2017. Workiva's Patent Applications was reported to be 19 in FY, 2016, which is a 21% decrease from the previous period
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Retention Rate

95.9%97%96.3%96.4%95.8%95.8%96.1%95.1%95%95.4%95.1%96.1%

Enterprise Customers

2.29 k2.26 k2.39 k2.47 k2.52 k2.52 k2.56 k2.62 k2.7 k2.77 k2.83 k2.9 k

Patents (US)

61324

Patent Applications

142419
Show all operating metrics

Workiva Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Workiva International LLC
Workiva Canada ULC
Workiva Netherlands B.V.
Workiva Brasil Relatorios Empresariais Online Ltda.
Workiva UK Limited

Workiva Market Value History

Workiva Revenue Breakdown

Workiva Median Salaries

Source: 12 public H-1B filings from Workiva

Workiva's Web-traffic and Trends

Workiva Online and Social Media Presence

Workiva Company Life and Culture

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