Workiva Inc. reported significant financial growth in its latest 10-K filing, with total revenue reaching $884.6 million for the fiscal year ending December 31, 2025, a 19.7% increase from $738.7 million in 2024. The company's subscription and support revenue, which constitutes approximately 91.9% of total revenue, grew by 21.7% to $812.6 million, driven by strong demand for its AI-powered platform and an expanding customer base. Despite this revenue growth, Workiva incurred a net loss of $26.2 million, an improvement from the $55.0 million loss reported in 2024.

The company experienced a 5.1% increase in its customer count, bringing the total to 6,624 organizations, including over 85% of Fortune 1,000 companies. Workiva's gross retention rate was reported at 97.2%, while its net retention rate improved to 112.8%, indicating successful upselling and cross-selling efforts. The company also noted that 76.8% of its subscription and support revenue came from customers with annual contract values exceeding $100,000, reflecting a growing trend towards larger contracts.

Strategically, Workiva launched new AI capabilities aimed at enhancing its offerings for finance, governance, risk, and compliance teams. The company also expanded its executive leadership team, appointing key figures to bolster its operational and product innovation capabilities. Additionally, Workiva's acquisition of Sustain.Life in June 2024 for $98.1 million is expected to enhance its sustainability management solutions, further diversifying its product portfolio.

In terms of operational metrics, Workiva's employee headcount increased to 2,860, up from 2,828 in the previous year. The company continues to invest in its platform and infrastructure, with research and development expenses rising to $214.8 million, a 11.4% increase from 2024. Looking ahead, Workiva anticipates continued revenue growth driven by multi-solution adoption, global expansion, and a focus on enhancing its partner ecosystem. The company remains optimistic about its future performance, despite acknowledging potential challenges from regulatory changes and market volatility.

About WORKIVA INC

Workiva Inc. provides a cloud-based platform that unites data, processes, and reporting for financial, sustainability, and governance, risk, and compliance (GRC) functions. Serving over 6,300 organizations globally, it offers solutions for financial reporting, sustainability disclosures, regulatory compliance, and risk management. Its scalable SaaS platform enhances data accuracy, collaboration, and automation, helping enterprises meet complex regulatory demands and stakeholder expectations efficiently.

This description was generated via AI from an annual report. Updated 8 months ago.

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