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Workiva Inc - WK STOCK NEWS

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.

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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

What is the current stock price of Workiva (WK)?

The current stock price of Workiva (WK) is $69.95 as of April 23, 2025.

What is the market cap of Workiva (WK)?

The market cap of Workiva (WK) is approximately 3.8B.

What is the core function of Workiva Inc?

Workiva Inc provides a cloud-native platform that streamlines enterprise reporting and compliance, allowing organizations to link their data efficiently and accurately.

How does Workiva help organizations manage data?

The platform integrates data from various systems, such as ERP, HCM, and CRM, ensuring synchronized and accurate data through controlled collaboration and a full audit trail.

What industries benefit from Workiva's solutions?

Workiva serves a broad range of industries, particularly large enterprises and Fortune 500 companies that require robust compliance, risk management, and reporting solutions.

How does Workiva ensure data accuracy and accountability?

Workiva employs a proprietary data management engine that offers granular permissions, control mechanisms, and comprehensive audit trails, ensuring high data integrity.

What sets Workiva apart from its competitors?

Unlike many point solutions, Workiva delivers an integrated, cloud-based platform that unifies financial reporting, compliance, and risk management, emphasizing real-time data linkage and control.

How does Workiva support regulatory compliance?

Workiva's platform is designed to meet evolving regulatory requirements by automating data collection and report generation, which simplifies SEC filings and other compliance mandates.

Who are the typical users of Workiva's platform?

Workiva is favored by enterprises that require meticulous data management and compliance reporting, including financial teams, risk managers, and corporate governance professionals.
Workiva Inc

NYSE:WK

WK Rankings

WK Stock Data

3.84B
49.65M
3.81%
95.98%
5.16%
Software - Application
Services-prepackaged Software
Link
United States
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