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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 Inc. (NYSE: WK), a leading cloud platform for integrated reporting, announced participation at two upcoming investor conferences.
CEO Julie Iskow will present at the Stifel Cross Sector Investor Conference on June 4, 2024, at 3:00 p.m. ET. CFO Jill Klindt will present at the William Blair Growth Stock Conference on June 5, 2024, at 1:00 p.m. ET.
Both events will be webcast live, with recordings available on Workiva's investor relations website for a time.
On May 24, 2024, Workiva released an ESG Talk episode featuring Garrett Quinn, chief sustainability officer at Smurfit Kappa Group, and Robert Eccles, a noted sustainability expert. Hosted by Andie Wood, the discussion delved into the challenge of merging sustainability with financial performance and highlighted Smurfit Kappa's efforts in implementing the Taskforce for Nature-related Financial Disclosures. The episode is part of Workiva's initiative to provide a unified platform for financial reporting, ESG, audit, and risk management.
On May 17, 2024, Workiva released an episode of the ESG Talk podcast featuring Shivaram Rajgopal, chair of accounting at Columbia Business School, and Gihan Hyde, CEO of Communique. Hosted by Mandi McReynolds, the episode delves into leadership in accounting and the role of sustainability in the profession. The discussion emphasizes how integrating sustainability can make accounting more appealing and meaningful. Workiva, known for its unified platform for financial reporting, ESG, audit, and risk, sponsors the podcast. Listeners can access the episode on Apple, Spotify, and YouTube.
RPD Energy's CEO and Iron Mountain's sustainability director discuss the journey to carbon-free data centers on ESG Talk. Iron Mountain pursues 24x7 carbon-free energy amidst rising electricity demands. Workiva sponsors ESG Talk, offering a unified platform for financial reporting, ESG, audit, and risk management.
Workiva hosted a discussion on the impact of digitization on ESG reporting with industry experts. The talk highlighted how XBRL taxonomies facilitate data sharing and analysis for corporate sustainability. ESG Talk podcast by Workiva explores these topics further, emphasizing the company's role as a unified platform for financial reporting, ESG, audit, and risk management.
Workiva Inc. announced financial results for Q1 2024, with a 20% increase in Subscription & Support Revenue, totaling $176 million in revenue, 17% YOY growth, and 34% YOY growth in customers with an annual contract value over $300K. The company achieved a GAAP gross profit of $134 million, with a 76.4% margin, and a non-GAAP gross profit of $136 million, with a 77.7% margin. GAAP net loss was $12 million, while non-GAAP net income was $13 million. Workiva had 6,074 customers as of March 31, 2024, and provided guidance for Q2 2024 and full year 2024.
The 2024 ESG Practitioner Survey reveals that a majority of companies are planning to comply with the EU's Corporate Sustainability Reporting Directive voluntarily. The report highlights increased involvement of internal teams in ESG reporting processes, importance of obtaining assurance over ESG data, and the growing investment in technology for collaboration among reporting teams.
The survey conducted by Workiva Inc. reveals that 81% of companies not subject to the European Union's Corporate Sustainability Reporting Directive (CSRD) plan to align their sustainability disclosures with its requirements. The survey polled over 2,000 professionals across North America, Europe, and Asia. Practitioners acknowledge the challenges of compliance but see the value in reporting, with 88% agreeing that ESG reporting offers a competitive edge. The majority believe that integrated reporting positively impacts decision-making, financial performance, and long-term value creation. Technology, particularly generative AI, is seen as important for simplifying reporting processes and enhancing collaboration among reporting teams.
Workiva and Cisco discuss incorporating climate data into financial disclosures in the latest episode of ESG Talk. The podcast covers how assurance, technology, and community drive ESG initiatives. Workiva is behind the ESG Talk podcast and is known for its unified platform for financial reporting, ESG, audit, and risk management.
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