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.

Type
Public
HQ
Ames, US
Founded
2008
Size (employees)
1,318 (est)+3%
Workiva was founded in 2008 and is headquartered in Ames, US
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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

EVP, Chief Legal and Administrative Officer and Corporate Secretary
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
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Workiva Office Locations

Workiva has offices in London, Dallas, Miami, Kansas City and in 25 other locations
Ames, US (HQ)
2900 University Blvd
Show all (29)
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Workiva Financials and Metrics

Workiva Financials

Workiva's revenue was reported to be $178.65 m in FY, 2016 which is a 23% increase from the previous period.
USD

Revenue (Q3, 2017)

52.1 m

Gross profit (Q3, 2017)

36.4 m

Gross profit margin (Q3, 2017), %

69.9%

Net income (Q3, 2017)

(14.1 m)

EBIT (Q3, 2017)

(13.8 m)

Market capitalization (20-Apr-2018)

996 m

Cash (30-Sep-2017)

51.3 m

EV

944.8 m
Workiva's current market capitalization is $996 m.
Annual
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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

35.2 m34 m36.3 m44.6 m43 m44.7 m51.9 m49.4 b52.1 m

Cost of goods sold

9.7 m9.8 m9.8 m13.1 m12.6 m12.7 m14.2 m14.3 b15.7 m

Gross profit

25.5 m24.2 m26.5 m31.4 m30.4 m32 m37.7 m35.1 b36.4 m

Gross profit Margin, %

73%71%73%71%71%72%73%71%70%
Annual
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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

89.9 m86.4 m69.1 m43.2 m39.9 m42.8 m52.2 m60 b51.3 m

Accounts Receivable

482 k907 k951 k1 m897 k1.3 m705 k22.7 b22.5 m

Prepaid Expenses

3 m3.1 m3.3 m4.1 m5.4 m5 m8.6 m11.4 b9.4 m

Current Assets

106.1 m103.6 m99.1 m78.8 m77 m84.1 m95.4 m110.6 b98 m
Annual
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 Payable

(1.5 m)2.3 m(3.9 m)

Cash From Operating Activities

(3.5 m)(21.6 m)(10.4 m)
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 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)(14.1 m)

Depreciation and Amortization

1.2 m1.1 m1.1 m997 k975 k944 k891 k867 m854 k

Accounts Payable

157 k1.3 m857 k(696 k)797 k279 k1 m(678 m)669 k

Cash From Operating Activities

(9.2 m)(2.6 m)(4.7 m)(19.1 m)(4 m)2.8 m2.6 m4 b5.2 m
USDY, 2017

EV/EBIT

-68.6 x

EV/CFO

182.2 x

Revenue/Employee

43 k

Financial Leverage

-45.8 x
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Workiva Operating Metrics

Workiva's Enterprise Customers was reported to be 3.1 k in FY, 2017. Workiva's Patent Applications was reported to be 19 in FY, 2017.
Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 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%96.5%96%

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 k

Patent Applications

14 24 19 19

Patents Issued

6 13 24 30
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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
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Workiva News and Updates

Global Enterprise Performance Management (EPM) software market Expected to Success US$ 3,600 Mn in the Year 2022

Global Market Study on Enterprise Performance Management (EPM) Software: North America to be the Most Lucrative Market During the Period of Assessment (2017 - 2022) Posted via Industry Today. Follow us on Twitter @IndustryToday

Global Enterprise Performance Management Software Market to Witness US$ 3,600 Mn Increase In Terms of Revenue By 2022

Global Market Study on Enterprise Performance Management (EPM) Software: North America to be the Most Lucrative Market During the Period of Assessment (2017 - 2022) Posted via Industry Today. Follow us on Twitter @IndustryToday
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