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, US
Websiteworkiva.com
Employee Ratings4.2
Overall CultureA+

Latest Updates

Employees (est.) (Mar 2020)1,595
Job Openings127
Revenue (FY, 2019)$297.9 M(+22%)
Share Price (Nov 2020)$70.1 (+2%)
Cybersecurity ratingAMore

Key People/Management at Workiva

Martin J. Vanderploeg

Martin J. Vanderploeg

President, Chief Executive Officer and Director
Troy M. Calkins

Troy M. Calkins

Executive Vice President, Chief Legal and Administrative Officer and Corporate Secretary
Mitz Banarjee

Mitz Banarjee

Executive Vice President and Chief Customer Officer
Stuart Miller

Stuart Miller

Executive Vice President and Chief Financial Officer
Jeffrey D. Trom

Jeffrey D. Trom

Executive Vice President and Chief Technology Officer
Julie Iskow

Julie Iskow

Executive Vice President and Chief Operating Officer
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Workiva Office Locations

Workiva has offices in Ames, Blue Bell, Bozeman, Charleston and in 14 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
Show all (19)

Workiva Financials and Metrics

Workiva Revenue

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Workiva's revenue was reported to be $297.89 m in FY, 2019 which is a 21.9% increase from the previous period.
USD

Revenue (Q3, 2020)

75.9m

Gross profit (Q3, 2020)

63.8m

Gross profit margin (Q3, 2020), %

84.2%

Market capitalization (12-Nov-2020)

3.4b

Closing stock price (12-Nov-2020)

70.1

Cash (30-Sept-2020)

426.1m

EV

3.3b
Workiva's current market capitalization is $3.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

207.9m244.3m297.9m

Revenue growth, %

16%18%22%

Cost of goods sold

60.2m65.9m85.0m

Gross profit

147.6m178.5m212.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

59.9m59.1m60.9m70.0m73.5m74.2m85.8m70.7m75.9m

Cost of goods sold

16.5m16.3m15.7m19.5m20.7m10.9m22.4m12.1m12.0m

Gross profit

43.4m42.8m45.2m50.4m52.8m63.3m63.4m58.6m63.8m

Gross profit Margin, %

72%72%74%72%72%85%74%83%84%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

60.3m77.6m381.7m

Accounts Receivable

28.8m65.1m60.2m

Prepaid Expenses

6.4m4.4m6.5m

Current Assets

115.3m177.2m571.2m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

65.3m57.5m71.8m78.7m94.7m389.1m393.4m402.1m426.1m

Accounts Receivable

39.2m39.1m40.7m50.6m47.2m43.6m45.5m41.5m55.6m

Prepaid Expenses

6.2m8.2m5.7m7.7m8.0m8.1m8.5m9.3m9.6m

Current Assets

131.3m133.7m150.7m183.5m205.4m550.9m565.2m577.7m609.4m
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(44.4m)(50.1m)(48.1m)

Depreciation and Amortization

3.5m3.8m4.2m

Accounts Payable

2.2m1.7m2.2m

Cash From Operating Activities

5.5m6.4m30.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

(9.6m)(31.4m)(42.3m)(7.5m)(15.8m)(31.8m)(10.6m)(30.3m)(40.8m)

Depreciation and Amortization

872.0k1.7m2.9m903.0k1.9m2.9m1.1m2.3m3.4m

Accounts Payable

2.7m1.4m2.0m(1.6m)(356.0k)160.0k(1.4m)(3.1m)(3.3m)

Cash From Operating Activities

1.8m(763.0k)6.8m5.1m(23.9m)28.6m4.7m11.9m19.7m
USDFY, 2017

EV/EBIT

-19.3 x

EV/CFO

155.2 x

Revenue/Employee

167.1k

Debt/Equity

-1.2 x

Debt/Assets

0.1 x

Financial Leverage

-9.3 x

P/E Ratio

(20.0)
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Workiva Operating Metrics

Workiva's Enterprise Customers was reported to be 3.5 k in FY, 2019.
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 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%94.5%94.7%

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 k3.45 k3.51 k

Patent Applications

14 24 19 19 20 19

Patents Issued

6 13 24 30 36 44
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Workiva Acquisitions / Subsidiaries

Company NameDateDeal Size
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
Workiva Netherlands B.V.
Workiva Singapore Pte. Ltd.
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Workiva Revenue Breakdown

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Workiva revenue breakdown by business segment: 17.5% from Professional Services and 82.5% from Subscription and Support

Workiva revenue breakdown by geographic segment: 96.1% from Americas and 3.9% from Other

Workiva Cybersecurity Score

Cybersecurity ratingPremium dataset

A

90/100

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

Embed Graph

Workiva Company Culture

  • Overall Culture

    A+

    83/100

  • CEO Rating

    A+

    81/100

  • Compensation

    A

    84/100

  • Diversity

    B

    75/100

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Workiva News and Updates

Looking For Reasonably Priced Software Stocks? Try Workiva, Alarm.com & RealPage

Software stocks have rallied sharply this year as investors bet on asset-light, high-growth companies that will see demand hold up through the current pandemic. However, valuations in the sector appear quite rich, even after the recent corrections. In our indicative theme of High Growth Software...

Workiva, Mimecast & RealPage: Play The SaaS Space Without Overpaying

Software and more specifically software as a service (SaaS) has emerged as one of the hottest sectors through the Covid-19 pandemic as investors double down on asset-light, high-growth companies that have seen demand hold up through the pandemic. However, valuations in the sector appear rich with...

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...
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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 Mitz Banarjee.

  • How many employees does Workiva have?

    Workiva has 1,595 employees.

  • What is Workiva revenue?

    Latest Workiva annual revenue is $297.9 m.

  • What is Workiva revenue per employee?

    Latest Workiva revenue per employee is $186.8 k.

  • Who are Workiva competitors?

    Competitors of Workiva include CaseWare, BlackLine and Bottomline Technologies.

  • 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.