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Workiva WK Total Cost of Revenue

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Segments

By product

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Subscription and support$35.18M+3.3%
Professional services$13.36M-6.4%

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$3.38B-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

Reported directly by Workiva in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

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
Cost of revenue
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

Item 1. Unaudited Consolidated Financial Statements:

FAQ

What is Workiva's total cost of revenue?
Workiva (WK) reported total cost of revenue of $48.55M in Q1 2026.
How has Workiva's total cost of revenue changed year-over-year?
Workiva's total cost of revenue increased by 0.4% year-over-year, from $48.34M to $48.55M.
What is the long-term trend for Workiva's total cost of revenue?
Over 4 years (2021 to 2025), Workiva's total cost of revenue has grown at a 16.4% compound annual growth rate (CAGR), from $103.83M to $190.43M.
What does total cost of revenue mean?
The aggregate of all direct costs attributable to producing goods and delivering services that generated the company's revenue, including materials, labor, and overhead.

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