OverviewSuggest Edit

Workiva (formerly WebFilings) is a company developing a cloud platform for connected reporting across accounting, finance, audit, and internal controls. It offers Wdesk, a product that connects data with context across spreadsheets, documents, and presentations and helps to meet internal and external requirements with transparency throughout the reporting process, and Wdata, a tool that enables users to connect updates, visualize, view trends in the data, make charts, etc. The company serves banking and insurance industries.
TypePublic
Founded2008
HQAmes, IA, US
Websiteworkiva.com
Employee Ratings4.3
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)2,106(+23%)
Job Openings425
Revenue (FY, 2021)$443.3 M(+27%)
Share Price (May 2022)$71.8(+6%)
Cybersecurity ratingAMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
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Key People/Management at Workiva

Martin J. Vanderploeg

Martin J. Vanderploeg

CEO and President
Troy M. Calkins

Troy M. Calkins

Executive Vice President, Chief Legal and Administrative Officer and Corporate Secretary
Julie Iskow

Julie Iskow

EVP & Chief Operating Officer
Jill Klindt

Jill Klindt

Senior Vice President, Chief Accounting Officer and Treasurer
Jeffrey D. Trom

Jeffrey D. Trom

Executive Vice President and Chief Technology Officer
Adam Terese

Adam Terese

Director of Corporate Development and Investor Relations
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Workiva Office Locations

Workiva has offices in Ames, Blue Bell, Bozeman, Charleston and in 14 other locations
Ames, IA, US (HQ)
2900 University Blvd
Blue Bell, PA, US
325 Sentry Pkwy Building 5W, Suite 200
Bozeman, MT, US
448 E Main St
Charleston, SC, US
997 Morrison Dr #501
Chicago, IL, US
55 W Monroe St #3150
Denver, CO, US
1700 Platte St #200
Show all (19)

Workiva Financials and Metrics

Workiva Revenue

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Workiva's revenue was reported to be $443.29 m in FY, 2021 which is a 26.1% increase from the previous period.
USD

Revenue (Q1, 2022)

129.7m

Gross profit (Q1, 2022)

98.8m

Gross profit margin (Q1, 2022), %

76.2%

Net income (Q1, 2022)

(18.5m)

EBIT (Q1, 2022)

(17.2m)

Market capitalization (13-May-2022)

3.6b

Closing stock price (13-May-2022)

71.8

Cash (31-Mar-2022)

303.1m

EV

3.7b
Workiva's current market capitalization is $3.6 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

297.9m351.6m443.3m

Revenue growth, %

22%18%26%

Cost of goods sold

85.0m90.2m103.8m

Gross profit

212.9m261.4m339.5m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

85.8m83.9m88.1m104.2m105.6m112.7m129.7m

Cost of goods sold

22.4m22.2m21.9m23.7m24.6m26.4m30.9m

Gross profit

63.4m61.6m66.2m80.5m81.0m86.3m98.8m

Gross profit Margin, %

74%73%75%77%77%77%76%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

381.7m322.8m300.4m

Accounts Receivable

60.2m68.9m76.8m

Prepaid Expenses

6.5m9.0m15.1m

Current Assets

571.2m633.1m657.1m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

393.4m402.1m426.1m331.2m322.2m291.1m303.1m

Accounts Receivable

45.5m41.5m55.6m53.8m65.9m64.1m70.1m

Prepaid Expenses

8.5m9.3m9.6m12.8m12.0m13.1m16.2m

Current Assets

565.2m577.7m609.4m633.4m659.0m630.9m645.1m
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

(48.1m)(48.4m)(37.7m)

Depreciation and Amortization

4.2m4.3m5.2m

Accounts Payable

2.2m(4.1m)972.0k

Cash From Operating Activities

30.6m33.2m49.8m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

(10.6m)(30.3m)(40.8m)(7.3m)(16.8m)(23.4m)(18.5m)

Depreciation and Amortization

1.1m2.3m3.4m1.1m2.2m3.6m2.0m

Accounts Payable

(1.4m)(3.1m)(3.3m)1.9m736.0k1.2m4.4m

Cash From Operating Activities

4.7m11.9m19.7m11.5m26.4m40.6m(937.0k)
USDFY, 2019

EV/EBIT

-41.2 x

EV/CFO

61.7 x

Revenue/Employee

188.5k

Debt/Equity

4.8 x

Debt/Assets

0.5 x

Financial Leverage

9.9 x

P/E Ratio

(40.4)
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Workiva Operating Metrics

Workiva's Enterprise Customers was reported to be 4.1 k in Q3, 2021.
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021

Retention Rate

95.9%97%96.3%96.4%95.8%95.8%96.1%95.1%95%95.4%95.1%96.1%96.5%96%97.5%95.6%95.9%96.1%95.7%95.4%94.5%94.7%94.5%94.5%94.5%95%95%96%96.5%

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 k2.9 k3.06 k3.1 k3.2 k3.2 k3.34 k3.37 k3.42 k3.45 k3.51 k3.51 k3.51 k3.58 k3.7 k3.8 k3.95 k4.15 k

Patent Applications

14241919201913

Patents Issued

6132430364454
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Workiva Acquisitions / Subsidiaries

Company NameDateDeal Size
ParseportApril 01, 2022$100 m
OneCloud incAugust 02, 2021
Workiva Australia Pty. Ltd.
Workiva Canada ULC
Workiva France SAS
Workiva Germany GmbH
Workiva Holdings Limited
Workiva Hong Kong Limited
Workiva International LLC
Workiva Ireland Limited
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Workiva Revenue Breakdown

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Workiva revenue breakdown by business segment: 14.4% from Professional Services and 85.6% from Subscription and Support

Workiva revenue breakdown by geographic segment: 90.5% from Americas and 9.5% from Other

Workiva Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Workiva Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Workiva Online and Social Media Presence

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Workiva Company Culture

  • Overall Culture

    A+

    81/100

  • CEO Rating

    A+

    85/100

  • Compensation

    A-

    80/100

  • Diversity

    C

    65/100

Learn more on Comparably

Workiva News and Updates

Workiva acquires OneCloud to expand data integrations for business reporting

Cloud-based business reporting platform Workiva has acquired iPaaS (integration platform as a service) provider OneCloud.

Workiva & Mimecast: Should You Bet On Mid-Cap SaaS Stocks?

In our theme of Mid-Cap SaaS Stocks, we’ve picked SaaS players with a market cap of under $10 billion that have posted strong revenue growth and expanding margins over the last two years.
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Workiva Blogs

Lionpoint Group

Lionpoint Group Lionpoint Group is a global consulting firm that delivers operational transformation and technology solutions to the alternative investment management and financial services industry. We provide strategy and project-bas…

Workiva Frequently Asked Questions

  • When was Workiva founded?

    Workiva was founded in 2008.

  • Who are Workiva key executives?

    Workiva's key executives are Martin J. Vanderploeg, Troy M. Calkins and Julie Iskow.

  • How many employees does Workiva have?

    Workiva has 2,106 employees.

  • What is Workiva revenue?

    Latest Workiva annual revenue is $443.3 m.

  • What is Workiva revenue per employee?

    Latest Workiva revenue per employee is $210.5 k.

  • Who are Workiva competitors?

    Competitors of Workiva include Trintech, Xactly and CaseWare.

  • Where is Workiva headquarters?

    Workiva headquarters is located at 2900 University Blvd, Ames.

  • Where are Workiva offices?

    Workiva has offices in Ames, Blue Bell, Bozeman, Charleston and in 14 other locations.

  • How many offices does Workiva have?

    Workiva has 19 offices.