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.
Workiva Inc. (NYSE: WK) is a leading provider of cloud-based software solutions that simplify the complexities of reporting and compliance for enterprises. Headquartered in Ames, Iowa, Workiva’s flagship product, Wdesk, is a productivity platform that enables organizations to collect, link, report, and analyze business data with unparalleled control and accountability. The platform integrates proprietary word processing, spreadsheet, and presentation applications built upon a robust data management engine, ensuring synchronized data, controlled collaboration, granular permissions, and a comprehensive audit trail.
Currently serving over 6,000 organizations globally, including more than 65% of the Fortune 500, Workiva helps mitigate enterprise risk, improve productivity, and enable real-time decision-making. The platform is versatile, supporting a wide range of reporting requirements, from SEC filings to risk and compliance management.
Workiva’s platform is renowned for connecting and transforming data from a multitude of enterprise resource planning (ERP), human capital management (HCM), and customer relationship management (CRM) systems, along with other third-party cloud and on-premise applications. This capability allows users to create, review, and publish data-linked documents and reports with higher control, consistency, accuracy, and productivity.
Recent achievements include Workiva’s collaborative efforts in the realm of Environmental, Social, and Governance (ESG) reporting. The company has hosted webinars and podcasts with industry leaders to explore the evolving landscape of ESG regulations and integrated reporting. Noteworthy discussions include the value of collaboration in ESG with executives from Nike and the New York Stock Exchange, and the role of ESG controllers in bridging finance and sustainability with Mastercard.
Workiva employs over 1,000 people across 15 cities worldwide, demonstrating a significant global presence. The company continues to innovate, recently hosting a webinar in partnership with PwC to discuss the 2024 Executive Benchmark on Integrated Reporting, reflecting its commitment to staying ahead of reporting regulations and providing its customers with leading-edge solutions.
For more information, visit workiva.com.
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.
Workiva released an episode of ESG Talk featuring Kristen Siemen, former chief sustainability officer at General Motors, discussing GM's integration of electrification, sustainability, and innovation into its corporate culture. The episode, recorded before Siemen's departure from GM, is available on Apple, Spotify, and YouTube. ESG Talk is produced by Workiva, a company providing unified platform solutions for financial reporting, ESG, audit, and risk management.
Deloitte and Workiva have launched four new sustainability-focused accelerators to streamline compliance with the EU's Corporate Sustainability Reporting Directive (CSRD). The new tools include a CSRD Double Materiality Accelerator, Financed Emissions Calculator, ESRS Mapping Accelerator, and Activity Log Analyzer.
These accelerators, available in the Workiva Marketplace, are designed to enhance ESG reporting capabilities by helping organizations with double materiality assessments, Scope 3 greenhouse gas calculations, regulatory gap assessments, and workflow tracking. According to Workiva's research, 88% of institutional investors prioritize companies that effectively integrate financial and ESG data.
Colgate-Palmolive leaders Ann Tracy (Chief Sustainability Officer) and Lauren Richardson (Chief Procurement Officer) appeared on ESG Talk with Alyssa Zucker to discuss sustainability in the consumer packaged goods industry. The discussion highlights Colgate-Palmolive's achievement as the first multinational consumer company to receive Science Based Targets initiative (SBTi) approval for net-zero goals. The conversation explores how collaboration and innovation drive their sustainability initiatives.
The podcast episode is available on Apple, Spotify, and YouTube, hosted by Workiva, a unified platform for financial reporting, ESG, audit, and risk management.
Workiva has released a research report during Climate Week NYC examining companies' preparedness for the Corporate Sustainability Reporting Directive (CSRD) and practitioners' perspectives. The findings were discussed in a crossover episode featuring ESG Talk host Mandi McReynolds, Off the Books host Steve Soter, and Workiva Industry Principals Alyssa Zucker and Esther Toth. The episode is available on Apple, Spotify, and YouTube platforms.
Workiva (NYSE: WK) has announced its Q3 2024 financial results, highlighting a 17% YoY revenue growth to $186 million, driven by a 19% increase in subscription and support revenue to $171 million. The company reported a GAAP net loss of $17 million, significantly improved from $56 million in Q3 2023. Non-GAAP net income was $12 million, up from a loss of $35 million. Workiva's gross profit was $142 million with a 76.5% margin. The company also raised its full-year 2024 revenue guidance to $733-$735 million. Key metrics include a 23% increase in customers with annual contract value (ACV) over $100K, and 28% growth in customers with ACV over $500K. The company has $776 million in cash and marketable securities as of September 30, 2024.
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