OverviewSuggest Edit

Workiva provides cloud solutions for enterprises. 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.

TypePublic
Founded2008
HQAmes, US
Websiteworkiva.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Aug 2019)1,421(+5%)
Job Openings92
Revenue (FY, 2018)$244.3 M(+18%)
Share Price (Nov 2019)$42.3 (+4%)

Key People/Management at Workiva

Marty Vanderploeg

Marty Vanderploeg

President, CEO
Mitz Banarjee

Mitz Banarjee

Chief Customer Officer, EVP
Troy Calkins

Troy Calkins

EVP, Chief Legal and Administrative Officer and Corporate Secretary
Stuart Miller

Stuart Miller

EVP, CFO
Scott Ryan

Scott Ryan

CRO, EVP
Jeff Trom

Jeff Trom

Executive Vice President and Chief Technology Officer
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Workiva Office Locations

Workiva has offices in Ames, Blue Bell, Bozeman, Charleston and in 15 other locations
Ames, US (HQ)
2900 University Blvd
Blue Bell, US
325 Sentry Pkwy Building 5W, Suite 200
Bozeman, US
448 E Main St
Charleston, US
385 Meeting St #100
Chicago, US
55 W Monroe St #3150
Columbus, US
1201 Front Ave Suite P
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Workiva Financials and Metrics

Workiva Revenue

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Workiva's revenue was reported to be $244.34 m in FY, 2018 which is a 17.5% increase from the previous period.
USD

Revenue (Q3, 2019)

63.0m

Gross profit (Q3, 2019)

52.1m

Gross profit margin (Q3, 2019), %

82.7%

Market capitalization (15-Nov-2019)

2.0b

Closing stock price (15-Nov-2019)

42.3

Cash (30-Sep-2019)

389.1m

EV

1.9b
Workiva's current market capitalization is $2 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

145.3m178.6m207.9m244.3m

Revenue growth, %

29%23%16%18%

Cost of goods sold

40.2m51.6m60.2m65.9m

Gross profit

105.1m127.0m147.6m178.5m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

51.9m49.4m52.1m59.9m59.1m60.9m70.0m73.5m63.0m

Cost of goods sold

14.2m14.3m15.7m16.5m16.3m15.7m19.5m20.7m10.9m

Gross profit

37.7m35.1m36.4m43.4m42.8m45.2m50.4m52.8m52.1m

Gross profit Margin, %

73%71%70%72%72%74%72%72%83%
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Cash

58.8m51.3m60.3m77.6m

Accounts Receivable

15.6m22.5m28.8m65.1m

Prepaid Expenses

3.9m9.4m6.4m4.4m

Current Assets

97.9m98.0m115.3m177.2m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

52.2m60.0m62.7m65.3m57.5m71.8m78.7m94.7m389.1m

Accounts Receivable

705.0k22.7m24.3m39.2m39.1m40.7m50.6m47.2m43.6m

Prepaid Expenses

8.6m11.4m6.3m6.2m8.2m5.7m7.7m8.0m8.1m

Current Assets

95.4m110.6m111.6m131.3m133.7m150.7m183.5m205.4m550.9m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(43.4m)(44.0m)(44.4m)(50.1m)

Depreciation and Amortization

4.4m3.8m3.5m3.8m

Accounts Payable

2.3m(3.9m)2.2m1.7m

Cash From Operating Activities

(21.6m)(10.4m)5.5m6.4m
Quarterly
USDQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

(5.8m)(16.0b)(30.1m)(9.6m)(31.4m)(42.3m)(7.5m)(15.8m)(31.8m)

Depreciation and Amortization

891.0k1.8b2.6m872.0k1.7m2.9m903.0k1.9m2.9m

Accounts Payable

1.0m(339.0m)1.0m2.7m1.4m2.0m(1.6m)(356.0k)160.0k

Cash From Operating Activities

2.6m6.6b11.7m1.8m(763.0k)6.8m5.1m(23.9m)28.6m
USDY, 2019

EV/CFO

66.1 x

Revenue/Employee

44.4k

Financial Leverage

8.9 x
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Workiva Operating Metrics

Workiva's Enterprise Customers was reported to be 3.4 k in Q2, 2019.
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019

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%

Enterprise Customers

2.29 k2.26 k2.39 k2.47 k2.52 k2.52 k2.56 k2.62 k2.70 k2.77 k2.83 k2.90 k2.90 k3.06 k3.10 k3.20 k3.20 k3.34 k3.37 k3.42 k

Patent Applications

14 24 19 19 20

Patents Issued

6 13 24 30 36
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Workiva Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Workiva Australia Pty. Ltd.
Workiva Canada ULC
Workiva Holdings Limited
Workiva Hong Kong Limited
Workiva International LLC
Workiva Netherlands B.V.
Workiva Singapore Pte. Ltd.
Workiva UK Limited

Workiva Online and Social Media Presence

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Workiva News and Updates

Workiva and FilePoint partner for SEC compliance for registered investment companies

Workiva, which makes reporting and compliance software for accounting, finance, audit, and internal controls, has entered into a partnership with FilePoint, a full-service filing agent.

Workiva updates Wdata platform, partners with FloQast

Workiva has updated its Wdata platform to include automatic updates, approval workflows and improved connectivity.

Workiva and BlackLine create platform integration

Workiva, which provides Cloud-based reporting and compliance solutions, and BlackLine, which makes financial close software, have created and integration between their platforms.

Denim® Welcomes Workiva and CareerBuilder Sales Leader as Head of Sales

DES MOINES, Iowa, Jan. 23, 2019 /PRNewswire/ -- Denim, the most intelligent mobile marketing platform for financial services companies, has hired Tim Hall as its Head of Sales. Hall joins Denim with 12 years of sales leadership experience, previously working as the sales director for...

SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Workiva Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors

NEW YORK, Sept. 14, 2018 /PRNewswire/ -- Purcell Julie & Lefkowitz LLP, a class action law firm dedicated to representing shareholders nationwide, is investigating a potential breach of fiduciary duty claim involving the board of directors of Workiva Inc. (NYSE: WK). If you are a...
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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 Marty Vanderploeg, Mitz Banarjee and Troy Calkins.

  • How many employees does Workiva have?

    Workiva has 1,421 employees.

  • What is Workiva revenue?

    Latest Workiva annual revenue is $244.3 m.

  • What is Workiva revenue per employee?

    Latest Workiva revenue per employee is $172 k.

  • Who are Workiva competitors?

    Competitors of Workiva include CaseWare, Issuer Direct and Ellie Mae.

  • 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 15 other locations.

  • How many offices does Workiva have?

    Workiva has 19 offices.