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Workiva WK Deferred Revenue

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Other financials

Income statement

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Revenue$247.3M+19.9%
Gross profit$198.8M+25.8%
Operating income$15.3M+162%
Net income$19.0M+189%
EPS (diluted)$0.33+187%

Balance sheet

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Cash & equivalents$335.0M+38.0%
Total debt$96.7M+237%
Total equity-$12.6M+83.3%
Total assets$1.4B+10.2%

Cash flow

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Operating cash flow$26.5M+460%
CapEx$728.0K-4.6%
Free cash flow$25.7M+417%

Valuation

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Market cap$3.54B-9.1%
Enterprise value$3.31B-11.0%
P/S3.8×-1.0×

Profitability

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Gross margin79.4%+2.7pp
Operating margin-7.5%-1.6pp
Net margin-5.5%-1.0pp
FCF margin18.6%+11.6pp

Returns & leverage

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Return on equity-2,762.5%-2,957pp
Debt / equity188.9×+184×
Current ratio1.6×-0.2×

Where this comes from

Reported directly by Workiva in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The source filing: Workiva’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:11 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001445305-26-000045
Line itemAs of March 31, 2026As of December 31, 2025
Current liabilities
Accounts payable$10,665$8,932
Accrued expenses and other current liabilities89,316113,115
Deferred revenue514,310547,919
Convertible senior notes, current71,14071,072
Finance lease obligations623614
Total current liabilities686,054741,652
Convertible senior notes, non-current696,807696,263

Item 1. Unaudited Consolidated Financial Statements:

FAQ

What is Workiva's deferred revenue?
Workiva (WK) reported deferred revenue of $514.31M in Q1 2026.
How has Workiva's deferred revenue changed year-over-year?
Workiva's deferred revenue increased by 17.3% year-over-year, from $438.51M to $514.31M.
What is the long-term trend for Workiva's deferred revenue?
Over 5 years (2020 to 2025), Workiva's deferred revenue has grown at a 21.3% compound annual growth rate (CAGR), from $208.99M to $547.92M.
What does deferred revenue mean?
Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

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