Workiva (WK) Financials

$67.31 -0.21 (-0.31%)

As of 11:43 AM Eastern

Annual Income Statements for Workiva

This table shows Workiva's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-55	-128	-91	-38	-48	-47	-50	-44	-44	-43
Consolidated Net Income / (Loss)	-55	-128	-91	-38	-48	-47	-50	-44	-44	-43
Net Income / (Loss) Continuing Operations	-55	-128	-91	-38	-48	-47	-50	-44	-44	-43
Total Pre-Tax Income	-49	-124	-89	-39	-49	-47	-50	-44	-44	-43
Total Operating Income	-77	-95	-89	-29	-38	-45	-50	-44	-44	-44
Total Gross Profit	567	476	408	339	261	213	178	148	127	105
Total Revenue	739	630	538	443	352	298	244	208	179	145
Operating Revenue	739	630	538	443	352	298	244	208	179	145
Total Cost of Revenue	172	154	130	104	90	85	66	60	52	40
Operating Cost of Revenue	172	154	130	104	90	85	66	60	52	40
Total Operating Expenses	643	570	497	369	299	258	228	192	171	149
Selling, General & Admin Expense	103	111	100	74	60	48	56	40	33	29
Marketing Expense	347	287	245	179	145	120	90	84	80	70
Research & Development Expense	193	173	152	116	95	90	82	68	57	50
Total Other Income / (Expense), net	27	-30	-0.24	-9.75	-11	-1.93	-0.04	-0.06	-0.38	0.28
Interest Expense	13	54	6.04	14	14	6.03	1.83	1.85	1.88	2.03
Interest & Investment Income	39	26	4.88	1.04	3.28	4.66	1.28	0.59	-	-
Other Income / (Expense), net	0.56	-1.81	0.93	3.23	-0.21	-0.56	0.51	1.20	1.50	2.30
Income Tax Expense	5.60	3.43	1.95	-1.37	-0.29	0.14	0.25	0.06	0.02	-0.01
Basic Earnings per Share	($0.99)	($2.36)	($1.72)	($0.74)	($1.00)	($1.03)	($1.15)	($1.07)	($1.08)	($1.09)
Weighted Average Basic Shares Outstanding	55.36M	54.10M	52.95M	51.13M	48.45M	46.30M	43.64M	41.62M	40.67M	39.85M
Diluted Earnings per Share	($0.99)	($2.36)	($1.72)	($0.74)	($1.00)	($1.03)	($1.15)	($1.07)	($1.08)	($1.09)
Weighted Average Diluted Shares Outstanding	55.36M	54.10M	52.95M	51.13M	48.45M	46.30M	43.64M	41.62M	40.67M	39.85M
Weighted Average Basic & Diluted Shares Outstanding	56.13M	54.73M	53.10M	51.96M	48.45M	46.30M	43.64M	41.62M	40.67M	39.85M

This table shows Workiva's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-21	-8.82	-17	-18	-12	-4.20	-56	-21	-46	-14	-30
Consolidated Net Income / (Loss)	-21	-8.82	-17	-18	-12	-4.20	-56	-21	-46	-14	-30
Net Income / (Loss) Continuing Operations	-21	-8.82	-17	-18	-12	-4.20	-56	-21	-46	-14	-30
Total Pre-Tax Income	-19	-6.34	-16	-16	-11	-2.70	-56	-20	-46	-13	-29
Total Operating Income	-25	-13	-22	-23	-18	-9.47	-16	-23	-47	-13	-30
Total Gross Profit	158	154	142	136	134	129	120	116	112	109	100
Total Revenue	206	200	186	178	176	167	158	155	150	144	133
Operating Revenue	206	200	186	178	176	167	158	155	150	144	133
Total Cost of Revenue	48	46	44	41	42	38	38	40	39	34	32
Operating Cost of Revenue	48	46	44	41	42	38	38	40	39	34	32
Total Operating Expenses	183	168	164	159	152	138	135	138	159	123	131
Selling, General & Admin Expense	27	27	26	26	24	24	21	24	42	24	27
Marketing Expense	102	90	90	85	83	72	73	72	71	60	65
Research & Development Expense	54	51	48	48	45	43	42	43	46	38	39
Total Other Income / (Expense), net	5.32	6.98	5.75	7.05	7.31	6.77	-40	2.60	1.28	0.51	0.89
Interest Expense	3.20	3.20	3.20	3.24	3.23	3.20	47	1.50	1.50	1.50	1.51
Interest & Investment Income	8.75	9.31	9.30	10	10	10	7.29	4.54	3.72	2.56	1.44
Other Income / (Expense), net	-0.23	0.87	-0.35	-0.05	0.09	-0.36	-0.07	-0.44	-0.94	-0.54	0.96
Income Tax Expense	1.94	2.48	0.96	1.45	0.71	1.49	0.53	0.82	0.59	1.14	0.47
Basic Earnings per Share	($0.38)	($0.15)	($0.31)	($0.32)	($0.21)	($0.07)	($1.04)	($0.39)	($0.86)	($0.26)	($0.56)
Weighted Average Basic Shares Outstanding	56.16M	55.36M	55.58M	55.18M	54.92M	54.10M	54.26M	54.01M	53.69M	52.95M	53.08M
Diluted Earnings per Share	($0.38)	($0.15)	($0.31)	($0.32)	($0.21)	($0.07)	($1.04)	($0.39)	($0.86)	($0.26)	($0.56)
Weighted Average Diluted Shares Outstanding	56.16M	55.36M	55.58M	55.18M	54.92M	54.10M	54.26M	54.01M	53.69M	52.95M	53.08M
Weighted Average Basic & Diluted Shares Outstanding	55.73M	56.13M	55.39M	55.24M	54.82M	54.73M	54.05M	53.66M	53.39M	53.10M	52.55M

This table details how cash moves in and out of Workiva's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	46	17	-60	-22	-59	304	17	9.05	-7.47	-42
Net Cash From Operating Activities	88	71	11	50	33	31	6.40	5.52	-10	-22
Net Cash From Continuing Operating Activities	88	71	11	50	33	31	6.40	5.52	-10	-22
Net Income / (Loss) Continuing Operations	-55	-128	-91	-38	-48	-47	-50	-44	-44	-43
Consolidated Net Income / (Loss)	-55	-128	-91	-38	-48	-47	-50	-44	-44	-43
Depreciation Expense	11	11	10	5.24	4.30	3.84	3.78	3.55	3.82	4.41
Amortization Expense	-9.39	-5.99	2.38	12	9.56	3.28	-0.14	0.10	0.15	0.08
Non-Cash Adjustments To Reconcile Net Income	107	150	76	49	50	38	31	17	13	9.05
Changes in Operating Assets and Liabilities, net	34	43	14	21	18	33	21	29	16	8.27
Net Cash From Investing Activities	-45	-357	-68	-69	-104	-90	-5.63	-6.47	3.81	-20
Net Cash From Continuing Investing Activities	-45	-357	-68	-69	-104	-90	-5.63	-6.47	3.81	-20
Purchase of Property, Plant & Equipment	-1.36	-2.12	-3.46	-3.53	-1.87	-3.10	-1.12	-1.19	-1.90	-1.84
Acquisitions	-98	-0.24	-99	-38	-0.30	-0.73	-0.25	-0.20	-0.19	-0.39
Purchase of Investments	-402	-573	-131	-171	-176	-114	-25	-14	-1.30	-24
Sale and/or Maturity of Investments	457	218	166	143	74	27	20	9.28	7.20	6.52
Net Cash From Financing Activities	6.74	301	-1.59	-3.39	11	363	17	9.82	-0.90	-1.10
Net Cash From Continuing Financing Activities	6.74	301	-1.59	-3.39	11	363	17	9.82	-0.90	-1.10
Repayment of Debt	-0.53	-397	-1.58	-1.71	-1.64	-1.57	-1.16	-1.59	-1.91	-2.37
Issuance of Debt	0.00	691	0.00	0.00	-	336	0.00	0.00	-	0.30
Issuance of Common Equity	14	13	9.26	8.86	7.23	4.92	3.22	0.00	0.00	-
Other Financing Activities, net	-6.55	-4.99	-9.27	-11	5.53	24	15	11	1.02	2.69
Effect of Exchange Rate Changes	-3.57	1.64	-1.92	-0.27	0.48	0.29	-0.39	0.18	-	0.09
Cash Interest Paid	10	4.71	4.74	4.84	5.07	1.34	1.73	1.63	1.84	2.05
Cash Income Taxes Paid	6.20	2.66	1.43	-0.04	0.68	0.37	0.07	0.04	0.05	0.06

This table details how cash moves in and out of Workiva's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-60	54	-20	-28	40	-148	206	3.45	-45	11	3.24
Net Cash From Operating Activities	-7.36	44	19	-0.01	25	24	15	26	5.56	-1.27	4.86
Net Cash From Continuing Operating Activities	-7.36	44	19	-0.01	25	24	15	26	5.56	-1.27	4.86
Net Income / (Loss) Continuing Operations	-21	-8.82	-17	-18	-12	-4.20	-56	-21	-46	-14	-30
Consolidated Net Income / (Loss)	-21	-8.82	-17	-18	-12	-4.20	-56	-21	-46	-14	-30
Depreciation Expense	2.89	2.91	3.01	2.56	2.52	2.79	2.69	2.87	2.80	2.85	2.68
Amortization Expense	-1.09	-1.68	-2.03	-2.55	-3.14	-2.58	-1.46	-1.25	-0.70	0.16	0.45
Non-Cash Adjustments To Reconcile Net Income	29	28	29	27	24	22	66	22	40	18	22
Changes in Operating Assets and Liabilities, net	-17	24	6.18	-9.08	13	6.06	4.26	23	9.61	-8.33	9.75
Net Cash From Investing Activities	-9.13	13	-50	-26	17	-175	-109	-23	-50	11	-2.63
Net Cash From Continuing Investing Activities	-9.13	13	-50	-26	17	-175	-109	-23	-50	11	-2.63
Purchase of Property, Plant & Equipment	-0.76	-0.81	-0.24	-0.11	-0.20	-0.39	-0.90	-0.64	-0.20	-1.23	-1.02
Acquisitions	-0.02	-0.07	0.14	-98	-0.03	-0.07	-0.05	-0.04	-0.08	-0.05	-0.06
Purchase of Investments	-103	-92	-159	-35	-117	-251	-145	-51	-126	-31	-42
Sale and/or Maturity of Investments	95	106	109	107	134	77	37	29	76	44	40
Net Cash From Financing Activities	-45	0.87	8.68	-1.48	-1.33	0.98	301	-0.59	-0.35	-1.44	3.47
Net Cash From Continuing Financing Activities	-45	0.87	8.68	-1.48	-1.33	0.98	301	-0.59	-0.35	-1.44	3.47
Repayment of Debt	-0.14	-0.53	0.26	-0.13	-0.13	-0.51	-397	-0.13	-0.12	-1.58	0.89
Repurchase of Common Equity	-40	-	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	7.54	-	6.71	-	7.11	-	6.97	-	5.55	-	4.04
Other Financing Activities, net	-12	1.41	1.71	-1.35	-8.31	1.49	-0.24	-0.47	-5.77	0.13	-1.46
Effect of Exchange Rate Changes	1.89	-4.49	2.39	-0.36	-1.11	1.72	-1.24	0.61	0.55	2.18	-2.45
Cash Interest Paid	4.98	0.19	4.98	0.20	4.91	0.20	2.16	0.20	2.15	0.21	2.15
Cash Income Taxes Paid	3.03	1.68	1.39	2.18	0.95	0.53	0.61	1.20	0.32	0.58	0.22

This table presents Workiva's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	1,368	1,219	820	787	707	639	231	158	143	144
Total Current Assets	1,048	1,009	600	657	633	571	177	115	98	98
Cash & Equivalents	302	256	240	300	323	382	78	60	51	59
Short-Term Investments	515	558	191	230	207	106	21	16	11	17
Accounts Receivable	159	133	113	80	72	63	66	30	24	16
Prepaid Expenses	22	24	18	15	9.05	6.51	4.42	6.44	9.38	3.88
Other Current Assets	51	39	38	31	22	14	8.18	2.38	1.86	1.37
Plant, Property, & Equipment, net	22	24	27	29	29	32	41	40	43	44
Total Noncurrent Assets	298	186	192	101	45	35	12	1.98	2.51	1.61
Goodwill	197	112	110	35	0.00	-	-	-	-	-
Intangible Assets	27	23	28	10	1.58	1.65	1.27	1.12	1.01	0.90
Other Noncurrent Operating Assets	74	51	54	56	43	34	11	0.86	1.50	0.71
Total Liabilities & Shareholders' Equity	1,368	1,219	820	787	707	639	231	158	143	144
Total Liabilities	1,410	1,308	814	714	643	585	241	175	146	118
Total Current Liabilities	592	485	407	646	282	232	192	129	100	84
Accounts Payable	7.75	5.20	6.17	4.11	2.84	7.06	5.46	3.06	0.85	5.14
Accrued Expenses	127	98	84	84	68	50	36	20	21	20
Current Deferred Revenue	458	381	316	258	209	174	149	105	77	57
Other Current Liabilities	0.56	0.53	0.50	1.58	1.71	1.63	-	-	-	-
Total Noncurrent Liabilities	818	824	407	67	361	353	49	45	46	34
Long-Term Debt	765	762	340	0.00	289	281	0.00	-	0.05	0.07
Capital Lease Obligations	13	14	15	15	17	19	17	18	20	21
Noncurrent Deferred Revenue	30	36	38	34	36	33	25	23	21	7.60
Other Noncurrent Operating Liabilities	9.67	11	14	18	19	20	6.89	4.17	5.10	5.34
Total Equity & Noncontrolling Interests	-42	-89	5.98	73	64	54	-9.74	-17	-3.13	26
Total Preferred & Common Equity	-42	-89	5.98	73	64	54	-9.74	-17	-3.13	26
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-42	-89	5.98	73	64	54	-9.74	-17	-3.13	26
Common Stock	672	563	538	526	479	420	297	248	217	202
Retained Earnings	-708	-653	-525	-452	-415	-366	-307	-265	-221	-177
Accumulated Other Comprehensive Income / (Loss)	-6.42	0.26	-6.69	-0.29	0.23	0.29	0.10	0.07	0.29	0.24

This table presents Workiva's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,294	1,302	1,243	1,202	1,149	831	800	777
Total Current Assets	974	989	932	997	947	620	585	568
Cash & Equivalents	242	248	268	296	405	199	195	229
Short-Term Investments	525	528	473	542	378	267	244	204
Accounts Receivable	128	147	128	95	106	90	82	86
Prepaid Expenses	28	21	21	26	22	25	24	14
Other Current Assets	51	45	42	38	37	38	40	35
Plant, Property, & Equipment, net	21	22	22	23	25	25	26	27
Total Noncurrent Assets	298	292	288	182	177	186	189	182
Goodwill	200	202	199	110	109	111	111	103
Intangible Assets	26	30	32	21	24	26	27	28
Other Noncurrent Operating Assets	72	59	57	50	44	49	50	51
Total Liabilities & Shareholders' Equity	1,294	1,302	1,243	1,202	1,149	831	800	777
Total Liabilities	1,369	1,353	1,320	1,285	1,263	831	799	782
Total Current Liabilities	547	539	506	467	438	424	396	376
Accounts Payable	15	13	8.23	9.91	4.91	5.31	6.39	9.67
Accrued Expenses	93	111	113	89	94	91	79	85
Current Deferred Revenue	439	414	384	367	338	327	310	281
Other Current Liabilities	0.57	0.56	0.55	0.54	0.53	0.52	0.51	0.61
Total Noncurrent Liabilities	822	814	814	818	825	406	403	406
Long-Term Debt	766	764	764	763	762	341	341	340
Capital Lease Obligations	13	14	14	14	14	14	14	15
Noncurrent Deferred Revenue	33	28	28	31	38	40	36	37
Other Noncurrent Operating Liabilities	10	8.30	9.08	10	11	11	12	14
Total Equity & Noncontrolling Interests	-76	-51	-78	-83	-114	0.16	0.93	-5.49
Total Preferred & Common Equity	-76	-51	-78	-83	-114	0.16	0.93	-5.49
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-76	-51	-78	-83	-114	0.16	0.93	-5.49
Common Stock	655	645	609	585	541	596	576	522
Retained Earnings	-729	-699	-682	-664	-648	-592	-571	-511
Accumulated Other Comprehensive Income / (Loss)	-2.11	2.92	-4.73	-3.64	-6.40	-3.41	-3.41	-17

This table displays calculated financial ratios and metrics derived from Workiva's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.24%	17.13%	21.34%	26.08%	18.03%	21.91%	17.55%	16.36%	22.97%	28.91%
EBITDA Growth	18.45%	-21.18%	-766.23%	64.03%	37.83%	14.87%	-15.65%	-3.54%	-3.30%	-5.61%
EBIT Growth	21.14%	-9.68%	-236.21%	31.26%	17.32%	6.71%	-14.31%	-2.44%	-1.68%	-5.89%
NOPAT Growth	19.03%	-6.49%	-202.38%	22.35%	16.75%	8.80%	-12.38%	-1.66%	0.24%	-13.14%
Net Income Growth	56.84%	-40.22%	-141.05%	22.04%	-1.94%	5.18%	-12.71%	-1.02%	-1.33%	-5.46%
EPS Growth	58.05%	-37.21%	-132.43%	26.00%	2.91%	10.43%	-7.48%	0.93%	0.92%	14.84%
Operating Cash Flow Growth	23.75%	525.33%	-77.26%	49.94%	7.52%	383.09%	15.94%	153.24%	51.98%	-516.03%
Free Cash Flow Firm Growth	-954.00%	92.99%	-272.92%	-6,071.83%	-104.80%	163.94%	-1,021.96%	87.05%	44.77%	-52.89%
Invested Capital Growth	37.03%	-80.95%	51.32%	9.96%	-19.34%	-49.16%	-21.10%	-65.49%	-62.87%	-31.75%
Revenue Q/Q Growth	4.71%	3.76%	4.47%	6.47%	4.01%	5.61%	4.24%	4.07%	3.77%	7.20%
EBITDA Q/Q Growth	-2.18%	1.28%	-5.74%	-124.41%	27.95%	-11.89%	12.23%	-23.04%	6.30%	4.95%
EBIT Q/Q Growth	-3.56%	3.97%	-2.67%	-29.34%	18.91%	-16.47%	11.64%	-20.73%	6.08%	4.78%
NOPAT Q/Q Growth	-5.29%	3.87%	-2.04%	-27.65%	19.28%	-16.35%	12.15%	-19.62%	9.15%	-0.45%
Net Income Q/Q Growth	-9.16%	7.07%	0.46%	-20.09%	13.62%	-20.03%	11.65%	-18.09%	5.94%	5.17%
EPS Q/Q Growth	-8.79%	7.45%	0.58%	-17.46%	15.25%	-18.39%	12.21%	-17.58%	6.09%	11.38%
Operating Cash Flow Q/Q Growth	28.83%	56.58%	-48.18%	-7.57%	49.55%	9.79%	982.91%	-74.56%	59.11%	-2.03%
Free Cash Flow Firm Q/Q Growth	17.46%	70.77%	-15.60%	-103.29%	97.79%	-32.93%	10.29%	-111.81%	52.23%	0.00%
Invested Capital Q/Q Growth	-61.87%	-5.44%	16.56%	-2.28%	-12.13%	1.82%	1.00%	-2.36%	-40.29%	-5.58%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.71%	75.52%	75.85%	76.58%	74.35%	71.46%	73.05%	71.02%	71.10%	72.33%
EBITDA Margin	-10.07%	-14.47%	-13.99%	-1.96%	-6.87%	-13.04%	-18.68%	-18.98%	-21.33%	-25.40%
Operating Margin	-10.36%	-15.00%	-16.50%	-6.62%	-10.75%	-15.24%	-20.38%	-21.31%	-24.39%	-30.07%
EBIT Margin	-10.28%	-15.29%	-16.33%	-5.89%	-10.81%	-15.43%	-20.17%	-20.74%	-23.55%	-28.49%
Profit (Net Income) Margin	-7.45%	-20.24%	-16.91%	-8.51%	-13.77%	-15.94%	-20.49%	-21.37%	-24.62%	-29.87%
Tax Burden Percent	111.33%	102.76%	102.19%	96.50%	99.40%	100.29%	100.50%	100.14%	100.05%	99.98%
Interest Burden Percent	65.08%	128.81%	101.32%	149.66%	128.11%	102.98%	101.11%	102.92%	104.46%	104.89%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	83.99%	305.79%	-230.36%	-54.98%	-81.70%	-213.57%	375.43%	442.95%	-389.28%	-106.45%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-5.87%	-9.45%	-10.94%	-3.50%	-5.65%	-10.57%	-25.35%	-28.66%	-29.32%	-26.83%
Return on Assets (ROA)	-4.25%	-12.51%	-11.32%	-5.05%	-7.19%	-10.91%	-25.76%	-29.53%	-30.64%	-28.14%
Return on Common Equity (ROCE)	83.99%	305.79%	-230.36%	-54.98%	-81.70%	-213.57%	375.43%	442.95%	-389.28%	-106.45%
Return on Equity Simple (ROE_SIMPLE)	132.05%	142.66%	-1,520.09%	-51.70%	-75.30%	-87.60%	514.08%	262.35%	1,407.26%	-168.74%
Net Operating Profit after Tax (NOPAT)	-54	-66	-62	-21	-26	-32	-35	-31	-31	-31
NOPAT Margin	-7.25%	-10.50%	-11.55%	-4.64%	-7.53%	-10.67%	-14.26%	-14.92%	-17.08%	-21.05%
Net Nonoperating Expense Percent (NNEP)	-3.90%	-108.43%	-19.69%	-7.80%	-10.65%	-11.72%	-22.21%	-27.18%	-28.42%	-19.75%
Return On Investment Capital (ROIC_SIMPLE)	-7.27%	-9.63%	-17.22%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	23.29%	24.48%	24.15%	23.42%	25.65%	28.54%	26.95%	28.98%	28.90%	27.68%
SG&A Expenses to Revenue	13.94%	17.54%	18.55%	16.76%	16.98%	16.13%	23.05%	19.05%	18.30%	19.77%
R&D to Revenue	26.12%	27.43%	28.21%	26.11%	26.98%	30.19%	33.40%	32.80%	32.15%	34.74%
Operating Expenses to Revenue	87.07%	90.53%	92.35%	83.20%	85.10%	86.70%	93.42%	92.33%	95.50%	102.39%
Earnings before Interest and Taxes (EBIT)	-76	-96	-88	-26	-38	-46	-49	-43	-42	-41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-74	-91	-75	-8.69	-24	-39	-46	-39	-38	-37
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	737.49	90.94	68.70	36.04	0.00	0.00	0.00	27.86
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	237.13	70.43	37.18	0.00	0.00	0.00	28.87
Price to Revenue (P/Rev)	8.21	8.71	8.20	14.97	12.56	6.56	6.44	4.32	3.15	4.93
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	8.16	8.65	8.06	14.48	11.92	5.93	6.11	4.04	2.92	4.57
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	68.72	76.90	382.61	128.81	126.10	57.11	233.41	152.20	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	143.60	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-18.67	-8.69	59.31	4.30	4.76	5.54	-1.89	-1.16	-6.75	0.89
Long-Term Debt to Equity	-18.67	-8.69	59.31	0.21	4.76	5.54	-1.77	-1.09	-6.33	0.82
Financial Leverage	0.57	1.36	-3.71	-3.21	-3.48	-6.02	5.14	4.92	-4.20	-1.59
Leverage Ratio	-19.74	-24.44	20.34	10.88	11.36	19.57	-14.58	-15.00	12.70	3.78
Compound Leverage Factor	-12.85	-31.48	20.61	16.29	14.55	20.15	-14.74	-15.44	13.27	3.97
Debt to Total Capital	105.66%	113.01%	98.34%	81.13%	82.65%	84.70%	212.08%	736.86%	117.38%	47.19%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	77.23%	0.00%	0.00%	14.06%	43.93%	7.26%	3.75%
Long-Term Debt to Total Capital	105.66%	113.01%	98.34%	3.90%	82.65%	84.70%	198.02%	692.93%	110.12%	43.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-5.66%	-13.01%	1.66%	18.87%	17.35%	15.30%	-112.08%	-636.86%	-17.38%	52.81%
Debt to EBITDA	-10.47	-8.52	-4.72	-36.12	-12.68	-7.72	-0.40	-0.50	-0.55	-0.62
Net Debt to EBITDA	0.51	0.41	1.01	24.95	9.27	4.84	1.75	1.45	1.09	1.44
Long-Term Debt to EBITDA	-10.47	-8.52	-4.72	-1.74	-12.68	-7.72	-0.38	-0.47	-0.52	-0.57
Debt to NOPAT	-14.53	-11.74	-5.71	-15.27	-11.57	-9.44	-0.53	-0.63	-0.69	-0.75
Net Debt to NOPAT	0.71	0.56	1.22	10.55	8.46	5.91	2.29	1.84	1.36	1.74
Long-Term Debt to NOPAT	-14.53	-11.74	-5.71	-0.73	-11.57	-9.44	-0.49	-0.59	-0.65	-0.69
Altman Z-Score	2.61	2.54	2.94	5.24	4.22	2.07	2.34	1.04	0.41	2.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.77	2.08	1.47	1.02	2.25	2.46	0.93	0.89	0.98	1.16
Quick Ratio	1.65	1.95	1.34	0.94	2.14	2.37	0.86	0.82	0.87	1.10
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-100	-9.53	-136	-36	-0.59	12	-19	-1.71	-13	-24
Operating Cash Flow to CapEx	6,434.78%	3,336.86%	327.76%	1,410.41%	1,774.85%	996.07%	570.41%	464.65%	-545.45%	-1,171.57%
Free Cash Flow to Firm to Interest Expense	-7.81	-0.18	-22.49	-2.60	-0.04	2.04	-10.53	-0.93	-7.06	-11.83
Operating Cash Flow to Interest Expense	6.82	1.32	1.88	3.56	2.38	5.13	3.50	2.99	-5.53	-10.66
Operating Cash Flow Less CapEx to Interest Expense	6.71	1.28	1.30	3.30	2.25	4.61	2.89	2.35	-6.54	-11.57
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.57	0.62	0.67	0.59	0.52	0.68	1.26	1.38	1.24	0.94
Accounts Receivable Turnover	5.07	5.13	5.56	5.82	5.22	4.62	5.09	7.72	8.81	10.42
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	32.04	24.53	19.24	15.24	11.40	8.08	5.97	5.01	4.11	3.20
Accounts Payable Turnover	26.57	27.11	25.25	29.85	18.22	13.58	15.46	30.82	17.25	9.87
Days Sales Outstanding (DSO)	71.96	71.13	65.61	62.77	69.94	79.00	71.75	47.28	41.42	35.02
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	13.74	13.46	14.46	12.23	20.04	26.87	23.61	11.84	21.16	36.99
Cash Conversion Cycle (CCC)	58.22	57.66	51.16	50.54	49.90	52.13	48.14	35.44	20.26	-1.97
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-80	-127	-70	-144	-160	-134	-90	-74	-45	-27
Invested Capital Turnover	-7.16	-6.41	-5.03	-2.92	-2.40	-2.67	-2.99	-3.50	-4.95	-6.01
Increase / (Decrease) in Invested Capital	47	-57	74	16	-26	-44	-16	-29	-17	-6.62
Enterprise Value (EV)	6,027	5,450	4,336	6,420	4,192	1,766	1,494	840	521	663
Market Capitalization	6,065	5,487	4,412	6,637	4,416	1,954	1,574	897	563	717
Book Value per Share	($0.75)	($1.65)	$0.11	$1.43	$1.33	$1.17	($0.22)	($0.40)	($0.08)	$0.63
Tangible Book Value per Share	($4.80)	($4.15)	($2.51)	$0.55	$1.30	$1.13	($0.25)	($0.43)	($0.10)	$0.61
Total Capital	737	687	361	387	370	354	8.69	2.66	18	49
Total Debt	778	777	355	314	306	300	18	20	21	23
Total Long-Term Debt	778	777	355	15	306	300	17	18	20	21
Net Debt	-38	-37	-76	-217	-224	-188	-80	-57	-42	-53
Capital Expenditures (CapEx)	1.36	2.12	3.46	3.53	1.87	3.10	1.12	1.19	1.90	1.84
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-361	-289	-238	-221	-179	-149	-111	-90	-63	-61
Debt-free Net Working Capital (DFNWC)	456	524	193	309	351	339	-13	-13	-0.54	16
Net Working Capital (NWC)	456	524	193	11	351	339	-14	-14	-1.85	14
Net Nonoperating Expense (NNE)	1.47	61	29	17	22	16	15	13	13	13
Net Nonoperating Obligations (NNO)	-38	-37	-76	-217	-224	-188	-80	-57	-42	-53
Total Depreciation and Amortization (D&A)	1.61	5.15	13	17	14	7.12	3.64	3.65	3.97	4.49
Debt-free, Cash-free Net Working Capital to Revenue	-48.82%	-45.92%	-44.18%	-49.90%	-50.84%	-49.96%	-45.62%	-43.09%	-35.41%	-41.68%
Debt-free Net Working Capital to Revenue	61.71%	83.24%	35.91%	69.76%	99.91%	113.84%	-5.37%	-6.20%	-0.30%	10.75%
Net Working Capital to Revenue	61.71%	83.24%	35.91%	2.39%	99.91%	113.84%	-5.87%	-6.76%	-1.03%	9.50%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.99)	($2.36)	($1.72)	($0.74)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	55.36M	54.10M	52.95M	51.13M	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	($0.99)	($2.36)	($1.72)	($0.74)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	55.36M	54.10M	52.95M	51.13M	0.00	0.00	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	56.13M	54.73M	53.10M	51.96M	0.00	0.00	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-54	-66	-62	-21	-26	-32	-35	-31	-31	-31
Normalized NOPAT Margin	-7.25%	-10.50%	-11.55%	-4.64%	-7.53%	-10.67%	-14.26%	-14.92%	-17.08%	-21.05%
Pre Tax Income Margin	-6.69%	-19.70%	-16.55%	-8.82%	-13.85%	-15.89%	-20.39%	-21.34%	-24.60%	-29.88%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.91	-1.80	-14.54	-1.86	-2.72	-7.63	-26.97	-23.36	-22.44	-20.44
NOPAT to Interest Expense	-4.16	-1.23	-10.28	-1.47	-1.90	-5.27	-19.08	-16.81	-16.27	-15.10
EBIT Less CapEx to Interest Expense	-6.01	-1.84	-15.11	-2.12	-2.86	-8.14	-27.58	-24.01	-23.46	-21.35
NOPAT Less CapEx to Interest Expense	-4.27	-1.27	-10.86	-1.72	-2.03	-5.79	-19.69	-17.45	-17.28	-16.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.88%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-3.98%

This table displays calculated financial ratios and metrics derived from Workiva's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.43%	19.94%	17.35%	14.50%	16.96%	15.89%	19.06%	17.84%	15.82%	19.06%	17.89%
EBITDA Growth	-23.17%	-16.46%	-47.24%	-7.76%	58.81%	10.93%	44.78%	10.47%	-217.27%	-60.70%	-7,001.59%
EBIT Growth	-37.29%	-26.54%	-41.91%	-0.29%	61.92%	28.81%	46.50%	15.98%	-175.52%	-19.79%	-600.14%
NOPAT Growth	-35.37%	-40.61%	-40.30%	-2.03%	60.97%	28.65%	48.45%	19.52%	-172.70%	-15.46%	-277.94%
Net Income Growth	-82.86%	-110.08%	69.80%	16.08%	74.68%	69.82%	-89.52%	27.55%	-149.55%	2.95%	-352.06%
EPS Growth	-80.95%	-114.29%	70.19%	17.95%	75.58%	73.08%	-85.71%	29.09%	-145.71%	3.70%	-330.77%
Operating Cash Flow Growth	-129.62%	80.63%	26.12%	-100.05%	346.59%	2,019.72%	208.77%	199.16%	693.70%	-113.68%	-70.24%
Free Cash Flow Firm Growth	-304.59%	-212.40%	-439.47%	-403.37%	151.46%	160.22%	132.62%	123.06%	-201.87%	-246.89%	-949.76%
Invested Capital Growth	55.78%	37.03%	58.98%	62.88%	-72.35%	-80.95%	-43.20%	-66.30%	41.80%	51.32%	40.32%
Revenue Q/Q Growth	3.20%	7.69%	4.57%	1.05%	5.41%	5.36%	2.03%	3.22%	4.44%	8.25%	0.99%
EBITDA Q/Q Growth	-106.68%	47.00%	8.72%	-23.18%	-95.43%	32.99%	33.19%	52.92%	-322.65%	58.46%	-8.31%
EBIT Q/Q Growth	-100.70%	43.76%	4.58%	-27.46%	-84.99%	36.93%	32.56%	51.60%	-245.79%	52.60%	-5.92%
NOPAT Q/Q Growth	-85.81%	38.85%	5.91%	-26.61%	-93.00%	38.98%	31.57%	51.56%	-252.80%	55.92%	-6.83%
Net Income Q/Q Growth	-142.44%	48.12%	3.17%	-50.15%	-178.53%	92.54%	-169.10%	54.69%	-231.97%	53.18%	-2.88%
EPS Q/Q Growth	-153.33%	51.61%	3.13%	-52.38%	-200.00%	93.27%	-166.67%	54.65%	-230.77%	53.57%	-1.82%
Operating Cash Flow Q/Q Growth	-116.73%	132.57%	135,142.86%	-100.06%	2.06%	62.38%	-42.30%	367.00%	538.72%	-126.12%	-44.09%
Free Cash Flow Firm Q/Q Growth	-74.24%	34.70%	-0.18%	-279.48%	-4.27%	97.22%	-10.47%	130.44%	-12.02%	-6.83%	36.70%
Invested Capital Q/Q Growth	19.83%	-61.87%	-19.67%	71.52%	-14.15%	-5.44%	-8.31%	-32.21%	-19.85%	16.56%	-25.79%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.56%	77.14%	76.47%	76.80%	76.36%	77.29%	75.75%	74.52%	74.35%	76.11%	75.60%
EBITDA Margin	-11.23%	-5.61%	-11.40%	-13.06%	-10.71%	-5.78%	-9.08%	-13.87%	-30.42%	-7.52%	-19.59%
Operating Margin	-12.00%	-6.66%	-11.73%	-13.04%	-10.41%	-5.68%	-9.82%	-14.64%	-31.19%	-9.23%	-22.67%
EBIT Margin	-12.11%	-6.23%	-11.92%	-13.07%	-10.36%	-5.90%	-9.86%	-14.92%	-31.81%	-9.61%	-21.95%
Profit (Net Income) Margin	-10.36%	-4.41%	-9.15%	-9.89%	-6.65%	-2.52%	-35.57%	-13.49%	-30.73%	-9.67%	-22.35%
Tax Burden Percent	109.98%	139.06%	105.98%	109.03%	106.50%	155.23%	100.95%	104.08%	101.28%	108.91%	101.60%
Interest Burden Percent	77.78%	50.92%	72.44%	69.39%	60.31%	27.48%	357.39%	86.87%	95.36%	92.38%	100.24%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	81.47%	83.99%	61.30%	231.22%	226.36%	305.79%	230.29%	-2,762.53%	-908.04%	-230.36%	-282.49%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-7.47%	-3.56%	-6.86%	-8.55%	-6.78%	-3.65%	-6.22%	-10.80%	-22.63%	-6.43%	-14.80%
Return on Assets (ROA)	-6.39%	-2.52%	-5.27%	-6.47%	-4.36%	-1.56%	-22.43%	-9.76%	-21.86%	-6.47%	-15.07%
Return on Common Equity (ROCE)	81.47%	83.99%	61.30%	231.22%	226.36%	305.79%	230.29%	-2,762.53%	-908.04%	-230.36%	-282.49%
Return on Equity Simple (ROE_SIMPLE)	85.46%	0.00%	99.24%	115.37%	111.91%	0.00%	120.70%	0.00%	0.00%	0.00%	1,664.28%
Net Operating Profit after Tax (NOPAT)	-17	-9.32	-15	-16	-13	-6.63	-11	-16	-33	-9.29	-21
NOPAT Margin	-8.40%	-4.66%	-8.21%	-9.13%	-7.29%	-3.98%	-6.87%	-10.24%	-21.83%	-6.46%	-15.87%
Net Nonoperating Expense Percent (NNEP)	-16.33%	1.35%	-72.29%	-3.61%	1.52%	4.30%	-107.14%	-5.42%	-10.52%	-3.15%	-5.96%
Return On Investment Capital (ROIC_SIMPLE)	-2.46%	-1.27%	-	-	-	-0.97%	-	-	-	-2.58%	-
Cost of Revenue to Revenue	23.44%	22.86%	23.53%	23.20%	23.64%	22.71%	24.25%	25.48%	25.65%	23.89%	24.40%
SG&A Expenses to Revenue	13.20%	13.39%	13.77%	14.86%	13.83%	14.32%	13.29%	15.24%	27.97%	16.88%	20.63%
R&D to Revenue	26.07%	25.32%	26.09%	27.27%	25.90%	25.54%	26.39%	27.54%	30.49%	26.48%	29.04%
Operating Expenses to Revenue	88.56%	83.81%	88.21%	89.85%	86.77%	82.98%	85.57%	89.15%	105.54%	85.34%	98.27%
Earnings before Interest and Taxes (EBIT)	-25	-12	-22	-23	-18	-9.84	-16	-23	-48	-14	-29
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-23	-11	-21	-23	-19	-9.63	-14	-22	-46	-11	-26
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	34,571.03	5,847.05	737.49	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.54	8.21	6.20	5.90	6.99	8.71	8.96	9.33	9.74	8.20	7.91
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	5.55	8.16	6.20	5.96	6.90	8.65	8.95	9.14	9.59	8.06	7.76
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	76.97	68.72	64.22	62.94	50.16	76.90	120.00	151.35	300.16	382.61	182.63
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	312.08	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-10.28	-18.67	-15.31	-10.00	-9.34	-8.69	-6.83	2,262.59	381.76	59.31	-64.60
Long-Term Debt to Equity	-10.28	-18.67	-15.31	-10.00	-9.34	-8.69	-6.83	2,262.59	381.76	59.31	-64.60
Financial Leverage	0.31	0.57	0.03	0.96	1.78	1.36	0.71	-23.16	-9.73	-3.71	-4.47
Leverage Ratio	-15.71	-19.74	-14.90	-26.72	-24.35	-24.44	-16.16	200.67	60.10	20.34	23.60
Compound Leverage Factor	-12.22	-10.05	-10.79	-18.54	-14.68	-6.72	-57.75	174.33	57.31	18.79	23.66
Debt to Total Capital	110.77%	105.66%	106.99%	111.11%	111.99%	113.01%	117.17%	99.96%	99.74%	98.34%	101.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	110.77%	105.66%	106.99%	111.11%	111.99%	113.01%	117.17%	99.96%	99.74%	98.34%	101.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-10.77%	-5.66%	-6.99%	-11.11%	-11.99%	-13.01%	-17.17%	0.04%	0.26%	1.66%	-1.57%
Debt to EBITDA	-9.89	-10.47	-10.69	-11.78	-12.08	-8.52	-8.40	-3.42	-3.33	-4.72	-4.98
Net Debt to EBITDA	-0.15	0.51	-0.02	-0.55	0.95	0.41	0.07	1.07	0.80	1.01	1.10
Long-Term Debt to EBITDA	-9.89	-10.47	-10.69	-11.78	-12.08	-8.52	-8.40	-3.42	-3.33	-4.72	-4.98
Debt to NOPAT	-13.41	-14.53	-15.29	-16.72	-16.83	-11.74	-11.27	-4.49	-4.28	-5.71	-5.82
Net Debt to NOPAT	-0.20	0.71	-0.03	-0.79	1.33	0.56	0.09	1.40	1.02	1.22	1.29
Long-Term Debt to NOPAT	-13.41	-14.53	-15.29	-16.72	-16.83	-11.74	-11.27	-4.49	-4.28	-5.71	-5.82
Altman Z-Score	2.00	2.77	2.09	1.95	2.39	2.77	2.81	3.81	3.87	3.24	3.04
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.78	1.77	1.83	1.84	2.14	2.08	2.16	1.46	1.48	1.47	1.51
Quick Ratio	1.64	1.65	1.71	1.72	2.00	1.95	2.03	1.31	1.32	1.34	1.38
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-98	-56	-86	-86	48	50	25	28	-93	-83	-78
Operating Cash Flow to CapEx	-964.35%	5,435.11%	7,780.25%	-12.96%	12,238.42%	6,209.69%	1,674.97%	4,065.57%	2,809.60%	-102.92%	474.58%
Free Cash Flow to Firm to Interest Expense	-30.65	-17.58	-26.91	-26.54	14.81	15.62	0.53	18.89	-61.97	-55.29	-51.48
Operating Cash Flow to Interest Expense	-2.30	13.75	5.91	0.00	7.69	7.60	0.32	17.33	3.71	-0.84	3.22
Operating Cash Flow Less CapEx to Interest Expense	-2.54	13.50	5.83	-0.04	7.62	7.48	0.30	16.90	3.57	-1.66	2.54
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.57	0.58	0.65	0.65	0.62	0.63	0.72	0.71	0.67	0.67
Accounts Receivable Turnover	6.90	5.07	5.59	6.22	7.39	5.13	6.34	6.91	7.17	5.56	6.72
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	34.36	32.04	30.11	28.46	26.57	24.53	23.25	22.08	20.63	19.24	18.51
Accounts Payable Turnover	14.50	26.57	17.99	23.47	19.29	27.11	20.67	26.07	18.62	25.25	18.21
Days Sales Outstanding (DSO)	52.90	71.96	65.31	58.67	49.36	71.13	57.59	52.79	50.90	65.61	54.30
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	25.17	13.74	20.29	15.55	18.93	13.46	17.66	14.00	19.60	14.46	20.04
Cash Conversion Cycle (CCC)	27.73	58.22	45.02	43.12	30.43	57.66	39.93	38.79	31.29	51.16	34.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-64	-80	-49	-41	-145	-127	-120	-111	-84	-70	-84
Invested Capital Turnover	-7.38	-7.16	-8.33	-8.92	-5.74	-6.41	-5.95	-6.56	-4.90	-5.03	-4.59
Increase / (Decrease) in Invested Capital	81	47	71	70	-61	-57	-36	-44	60	74	57
Enterprise Value (EV)	4,272	6,027	4,372	4,038	4,522	5,450	5,432	5,317	5,353	4,336	3,994
Market Capitalization	4,261	6,065	4,371	4,002	4,583	5,487	5,438	5,428	5,438	4,412	4,073
Book Value per Share	($1.35)	($0.75)	($0.92)	($1.42)	($1.51)	($1.65)	($2.12)	$0.00	$0.02	$0.11	($0.10)
Tangible Book Value per Share	($5.37)	($4.80)	($5.13)	($5.63)	($3.91)	($4.15)	($4.59)	($2.56)	($2.58)	($2.51)	($2.61)
Total Capital	703	737	727	700	694	687	662	355	356	361	349
Total Debt	779	778	778	777	777	777	776	355	355	355	355
Total Long-Term Debt	779	778	778	777	777	777	776	355	355	355	355
Net Debt	12	-38	1.56	37	-61	-37	-6.39	-111	-85	-76	-78
Capital Expenditures (CapEx)	0.76	0.81	0.24	0.11	0.20	0.39	0.90	0.64	0.20	1.23	1.02
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-340	-361	-327	-315	-308	-289	-273	-271	-250	-238	-241
Debt-free Net Working Capital (DFNWC)	427	456	450	426	530	524	509	196	189	193	192
Net Working Capital (NWC)	427	456	450	426	530	524	509	196	189	193	192
Net Nonoperating Expense (NNE)	4.05	-0.51	1.74	1.34	-1.11	-2.44	45	5.03	13	4.61	8.61
Net Nonoperating Obligations (NNO)	12	-38	1.56	37	-61	-37	-6.39	-111	-85	-76	-78
Total Depreciation and Amortization (D&A)	1.81	1.24	0.98	0.02	-0.62	0.21	1.23	1.62	2.10	3.01	3.14
Debt-free, Cash-free Net Working Capital to Revenue	-44.21%	-48.82%	-46.33%	-46.41%	-47.03%	-45.92%	-45.01%	-46.52%	-44.85%	-44.18%	-46.79%
Debt-free Net Working Capital to Revenue	55.50%	61.71%	63.72%	62.86%	80.86%	83.24%	83.85%	33.61%	33.92%	35.91%	37.31%
Net Working Capital to Revenue	55.50%	61.71%	63.72%	62.86%	80.86%	83.24%	83.85%	33.61%	33.92%	35.91%	37.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.38)	($0.15)	($0.31)	($0.32)	($0.21)	($0.07)	($1.04)	($0.39)	($0.86)	($0.26)	($0.56)
Adjusted Weighted Average Basic Shares Outstanding	56.16M	55.36M	55.58M	55.18M	54.92M	54.10M	54.26M	54.01M	53.69M	52.95M	53.08M
Adjusted Diluted Earnings per Share	($0.38)	($0.15)	($0.31)	($0.32)	($0.21)	($0.07)	($1.04)	($0.39)	($0.86)	($0.26)	($0.56)
Adjusted Weighted Average Diluted Shares Outstanding	56.16M	55.36M	55.58M	55.18M	54.92M	54.10M	54.26M	54.01M	53.69M	52.95M	53.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.73M	56.13M	55.39M	55.24M	54.82M	54.73M	54.05M	53.66M	53.39M	53.10M	52.55M
Normalized Net Operating Profit after Tax (NOPAT)	-17	-9.32	-15	-16	-13	-6.63	-11	-16	-33	-9.29	-21
Normalized NOPAT Margin	-8.40%	-4.66%	-8.21%	-9.13%	-7.29%	-3.98%	-6.87%	-10.24%	-21.83%	-6.46%	-15.87%
Pre Tax Income Margin	-9.42%	-3.17%	-8.64%	-9.07%	-6.25%	-1.62%	-35.24%	-12.96%	-30.34%	-8.88%	-22.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-7.82	-3.89	-6.92	-7.17	-5.63	-3.07	-0.33	-15.43	-31.83	-9.20	-19.31
NOPAT to Interest Expense	-5.42	-2.92	-4.77	-5.01	-3.96	-2.07	-0.23	-10.59	-21.84	-6.19	-13.96
EBIT Less CapEx to Interest Expense	-8.06	-4.15	-6.99	-7.20	-5.69	-3.19	-0.35	-15.85	-31.96	-10.02	-19.98
NOPAT Less CapEx to Interest Expense	-5.66	-3.17	-4.84	-5.04	-4.02	-2.19	-0.25	-11.02	-21.98	-7.01	-14.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Workiva's Financials

When does Workiva's fiscal year end?

According to the most recent income statement we have on file, Workiva's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Workiva's net income changed over the last 9 years?

Workiva's net income appears to be on an upward trend, with a most recent value of -$55.04 million in 2024, rising from -$43.40 million in 2015. The previous period was -$127.53 million in 2023. Find out what analysts predict for Workiva in the coming months.

What is Workiva's operating income?

Workiva's total operating income in 2024 was -$76.53 million, based on the following breakdown:

Total Gross Profit: $566.63 million
Total Operating Expenses: $643.16 million

How has Workiva revenue changed over the last 9 years?

Over the last 9 years, Workiva's total revenue changed from $145.27 million in 2015 to $738.68 million in 2024, a change of 408.5%.

How much debt does Workiva have?

Workiva's total liabilities were at $1.41 billion at the end of 2024, a 7.8% increase from 2023, and a 1,093.3% increase since 2015.

How much cash does Workiva have?

In the past 9 years, Workiva's cash and equivalents has ranged from $51.28 million in 2016 to $381.74 million in 2019, and is currently $301.84 million as of their latest financial filing in 2024.

How has Workiva's book value per share changed over the last 9 years?

Over the last 9 years, Workiva's book value per share changed from 0.63 in 2015 to -0.75 in 2024, a change of -219.3%.

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This page (NYSE:WK) was last updated on 5/23/2025 by MarketBeat.com Staff

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Workiva (WK) Financials

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Workiva (WK) Financials

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