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Workiva WK Gross Profit

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Other financials

Income statement

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Revenue$247.3M+19.9%
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$3.38B-22.7%
Enterprise value$3.14B-24.9%
P/S3.7×-1.8×

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

Calculated from Workiva’s reported figures.

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 itemThree months ended March 31, 2026Three months ended March 31, 2025
Subscription and support35,18334,062
Professional services13,36214,280
Total cost of revenue48,54548,342
Gross profit198,761157,938
Operating expenses
Research and development52,91353,780
Sales and marketing104,485101,671
General and administrative26,04227,237

Item 1. Unaudited Consolidated Financial Statements:

FAQ

What is Workiva's gross profit?
Workiva (WK) reported gross profit of $198.76M in Q1 2026.
How has Workiva's gross profit changed year-over-year?
Workiva's gross profit increased by 25.8% year-over-year, from $157.94M to $198.76M.
What is the long-term trend for Workiva's gross profit?
Over 4 years (2021 to 2025), Workiva's gross profit has grown at a 19.6% compound annual growth rate (CAGR), from $339.45M to $694.14M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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