Welcome to our dedicated page for Workiva news (Ticker: WK), a resource for investors and traders seeking the latest updates and insights on Workiva stock.
Overview
Workiva Inc (NYSE: WK) is a prominent cloud-native platform that transforms the complexities of enterprise reporting and compliance. Integrating cloud reporting, data management, and control solutions, Workiva empowers organizations to collect, link, analyze, and report business data with unparalleled accuracy and accountability. The platform addresses the modern challenges of risk management, regulatory compliance, and data transparency in an environment where synchronized data and real-time insights are essential.
Core Business and Product Offering
The company developed a comprehensive suite of cloud-based productivity tools that include proprietary word processing, spreadsheet, and presentation applications. These applications are seamlessly integrated on a robust data management engine that offers synchronized data, controlled collaboration, granular permissions, and a full audit trail. This enables users to create, review, and publish linked data documents and reports efficiently. The integrated platform is widely utilized by organizations for SEC filings, risk assessments, compliance checking, and management reporting, establishing Workiva as a critical tool in corporate governance and operational oversight.
Operational Capabilities and Industry Application
Workiva excels in simplifying the data aggregation process from diverse systems such as ERP, HCM, and CRM, alongside several third-party cloud and on-premise applications. This interoperability creates a fluid environment for managing enterprise data and ensures that critical decisions are made based on consistent, real-time information. By centralizing and connecting data sources, the platform mitigates enterprise risk and enhances productivity. Key functionalities include:
- Data Integration: Linking disparate data sources for a comprehensive view of enterprise information.
- Controlled Collaboration: Enabling teams across different departments and geographies to work together with strict access controls and audit trails.
- Regulatory Compliance: Assisting organizations in meeting evolving regulatory requirements through accurate and timely reporting.
Market Position and Competitive Landscape
Workiva occupies a unique niche in the market by offering an integrated cloud solution that addresses both financial and compliance reporting needs. Its client base spans thousands of organizations around the globe, including a significant portion of Fortune 500 companies. This penetration in large enterprises underscores its ability to deliver consistent, scalable solutions while navigating complex compliance landscapes. Although the competitive field includes companies offering point solutions, Workiva differentiates itself through its unified approach that caters to both financial reporting and risk management seamlessly.
Expertise and Technological Advantage
The security, accuracy, and efficiency of Workiva's platform stem from deep industry expertise and advanced technological integration. The platform is engineered to handle high volumes of data with robust performance and reliability. Users benefit from a system that not only consolidates data but also enhances decision-making processes by providing an accurate and synchronized data environment. This design philosophy and execution have cemented Workiva's reputation as a trusted partner for organizations aiming to improve operational transparency and compliance efficiency.
Customer Impact and Use Cases
Organizations using Workiva experience improved productivity and reduced risk through its streamlined reporting and compliance workflows. The ability to automatically link and verify data empowers financial teams to produce error-free reports and regulatory filings. Additionally, the platform’s audit trail and permission-based collaboration features instill greater confidence among stakeholders by ensuring that every data modification is recorded and tracked, thereby maintaining high standards of corporate governance.
Conclusion
In summary, Workiva Inc is a multifaceted, cloud-native solution that redefines enterprise reporting and compliance. Its integrated platform not only connects data sources and automates reporting processes but also strengthens corporate accountability and risk management protocols. With a deep understanding of market demands and technological innovations, Workiva continues to serve as an indispensable tool for modern enterprises seeking precision, control, and efficiency in their data management and reporting practices.
Workiva (NYSE:WK), the leading cloud platform for assured integrated reporting, has announced its upcoming participation at the Raymond James 2025 Institutional Investors Conference. CFO Jill Klindt will deliver a presentation on March 3, 2025 at 8:05 a.m. ET. The presentation will be available through a live webcast, with a recording accessible for a time in the 'News and Events' section of Workiva's Investor Relations website.
Workiva (NYSE:WK) reported strong Q4 2024 financial results with total revenue reaching $200 million, up 20% year-over-year. Subscription and support revenue grew 22% to $181 million.
Key Q4 metrics include a 112% net retention rate, up from 110% in Q4 2023, and 97% gross retention rate. The company expanded its customer base to 6,305, with notable growth in high-value customers - those with annual contract value over $500,000 increased 32% year-over-year.
For full-year 2024, total revenue was $739 million, up 17% from 2023. While reporting a GAAP net loss of $55 million, non-GAAP net income reached $54 million. The company's 2025 guidance projects revenue between $864-868 million with non-GAAP operating margin of 5.0-5.5%.
Workiva's 2025 Executive Benchmark Survey reveals strong executive commitment to integrated financial and sustainability reporting, with 97% of executives viewing sustainability reporting as a business advantage within two years. The study, surveying 1,600 global leaders, shows 96% of investors believe sustainability reporting strengthens financial performance.
Key findings demonstrate that 85% of executives will proceed with climate disclosures regardless of political shifts, while 93% of institutional investors are more likely to invest in companies with integrated reporting. Over 10,000 companies have set or committed to science-based decarbonization targets, marking a 29% year-over-year increase.
The survey highlights that while 92% of investors prioritize data accuracy, nearly a quarter of executives don't fully trust their financial data. Industry leaders from Baker Hughes, Tietoevry, and CEMEX emphasize the direct link between sustainability initiatives and financial performance, viewing integrated reporting as essential for risk mitigation and long-term value creation.
Workiva (NYSE:WK), the leading cloud platform for assured, integrated reporting, has announced its upcoming financial results release schedule. The company will disclose its fourth quarter and full-year 2024 financial results after market close on February 25, 2025.
Following the release, Workiva will host a conference call and live webcast at 5:00 p.m. Eastern Time (22:00 GMT) on the same day. Investors and interested parties can participate by dialing 1-833-630-1956 for U.S. domestic calls or 1-412-317-1837 for international calls. A live webcast and replay will be accessible through the company's investor relations website at investor.workiva.com/news-events/events.
Workiva has released its final ESG Talk replay featuring two key episodes. The first episode features Tarynn Zenk, VP of accounting and ESG controller at Mastercard, discussing the evolving role of ESG controllers in ensuring credible ESG disclosures at the intersection of finance and sustainability. The second episode features Alison Taylor, clinical associate professor at NYU Stern School of Business, exploring business's role in society and how data and technology create long-term value.
The podcast is available on Apple, Spotify, and YouTube, brought by Workiva, provider of the world's only unified platform for financial reporting, ESG, audit, and risk management.
Workiva has released a new episode of ESG Talk featuring discussions on Scope 2 and Scope 3 emissions. The episode includes insights from Frank Koch, CEO of Swiss Steel Group, and Alberto Carrillo Pineda, CTO of Science Based Targets initiative (SBTi), who discuss decarbonization strategies and emissions transparency. Nancy Mahon, chief sustainability officer of Estée Lauder Companies, shares expertise on Scope 3 measurement and managing sustainability across multiple brands.
The podcast is available on Apple, Spotify, and YouTube, highlighting Workiva's role as a unified platform for financial reporting, ESG, audit, and risk management.
Workiva has released a new episode of ESG Talk podcast focusing on climate solutions and sustainable aviation. The episode features segments from their Climate Week series, where hosts Steve Soter, Andie Wood, and Alyssa Zucker discuss greenhouse gas emissions and carbon accounting practices. A key highlight includes an interview with Delta Air Lines' chief sustainability officer Amelia DeLuca, who shares insights on reducing direct carbon emissions and advancing sustainable aviation fuel production.
The podcast is available on Apple, Spotify, and YouTube, produced by Workiva, which provides a unified platform for financial reporting, ESG, audit, and risk management.
Workiva has released a new episode of ESG Talk featuring Mandi McReynolds in conversation with Linda-Eling Lee, head of the Sustainability Institute at MSCI, recorded at COP29 in Baku. The discussion focuses on important business and climate topics, including transition finance, global economy challenges, and the integration of AI in sustainability strategies. The podcast is available on Apple, Spotify, and YouTube platforms, highlighting Workiva's role as a provider of unified platform solutions for financial reporting, ESG, audit, and risk management.
Workiva (NYSE:WK) has announced its participation in the upcoming Raymond James 2024 TMT & Consumer Investor Conference. CEO Julie Iskow will deliver a presentation on December 10, 2024, at 1:40 p.m. ET. The presentation will be available through a live webcast, and a recording will be accessible for a time in the 'News and Events' section of Workiva's investor relations website.
In a replay episode of ESG Talk, Amalgamated Bank's CEO Priscilla Sims Brown and CFO Jason Darby join Workiva's CIO Kim Huffman to discuss how the bank utilizes technology to advance its mission-driven business model. The episode focuses on actionable strategies for organizations aiming to make an impact. The podcast is available on Apple, Spotify, and YouTube, produced by Workiva, a platform specializing in financial reporting, ESG, audit, and risk management.
FAQ
What is the current stock price of Workiva (WK)?
What is the market cap of Workiva (WK)?
What is the core function of Workiva Inc?
How does Workiva help organizations manage data?
What industries benefit from Workiva's solutions?
How does Workiva ensure data accuracy and accountability?
What sets Workiva apart from its competitors?
How does Workiva support regulatory compliance?
Who are the typical users of Workiva's platform?
