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.
A recent survey by PwC US and Workiva (NYSE: WK) reveals that 70% of business leaders are proactively preparing for upcoming SEC climate disclosure rules, regardless of finalization dates. While 68% of executives utilize technology for ESG reporting, 85% express concerns over inadequate tech for compliance. Notably, 95% prioritize ESG reporting, but 40% admit to being unprepared for proposed disclosures. Independent assurance is seen as crucial for meeting these requirements, with 96% of leaders planning to seek it regardless of SEC mandates. The survey involved 300 executives from firms with $500 million or more in revenue.
Workiva Inc. (NYSE:WK) announced its participation in two upcoming investor conferences. On March 6, 2023, President & COO Julie Iskow will present at the JMP Securities Technology Conference at 9:30 a.m. PT. Additionally, a fireside chat with Iskow and CFO Jill Klindt is scheduled for March 9, 2023, at 1:05 p.m. PT during the Morgan Stanley Technology, Media and Telecom Conference. The presentations will be available via live webcast and recorded for later viewing on Workiva's investor relations website.
Workiva Inc. (NYSE: WK) announced the appointment of Julie Iskow as Chief Executive Officer, effective April 1, 2023. She succeeds Marty Vanderploeg, who will transition to Non-Executive Chair of the Board. Iskow, who joined Workiva in 2019 as COO, has a strong background in scaling enterprise SaaS companies. The Board expressed confidence in her leadership abilities, citing her commitment to customers and innovation. Vanderploeg, a co-founder, lauded Iskow's impact on the organization's strategy and culture, emphasizing a long-term revenue goal of $1 billion.
Workiva Inc. (NYSE:WK) reported a 19.1% rise in total revenue for Q4 2022, reaching $143.8 million, driven by a 20.7% increase in subscription and support revenue. The company achieved a 23% revenue growth rate for 2022, with ESG identified as a key growth area. Despite a GAAP net loss of $13.9 million for Q4, the non-GAAP net income improved to $4.2 million. Workiva also reported a solid gross revenue retention rate of 97.8%. For 2023, guidance indicates total revenue in the range of $624 million to $626 million, with expected GAAP losses between $111 million and $109 million.
Workiva shares insights from GreenBiz 23 in the latest episode of the ESG Talk podcast.
The host, Mandi McReynolds, highlights three key takeaways emphasizing the importance of data-driven decision-making and automation for ESG reporting.
Listeners can access the podcast on platforms like Apple, Spotify, Google, and YouTube.
Workiva recently featured its accounting and regulatory reporting expert, Steve Soter, on the ESG Talk podcast, discussing the SEC's climate disclosure proposal and human capital management. Soter provided insights into the future of ESG and financial reporting. The episode aims to help listeners understand the implications of impending regulations on ESG practices. For those interested in deeper insights, Workiva invites audiences to subscribe to the podcast on various platforms including Apple, Spotify, Google Podcasts, and YouTube.
FAQ
What is the current stock price of Workiva (WK)?
What is the market cap of Workiva (WK)?
What is Workiva Inc.?
What is Wdesk?
Who uses Workiva’s platform?
What industries does Workiva serve?
How does Workiva help with ESG reporting?
Where is Workiva headquartered?
How many employees does Workiva have?
What recent collaborations has Workiva undertaken?
What are the benefits of using Workiva’s platform?
How can I learn more about Workiva?
