Demand and volumepositive · 4 filings
“The decrease in deferred revenue was driven by the deduction of bookings and timing of billings in the current period.”10-Q · May 5, 2026 ↗
Workiva Inc.
WK
Market read
Workiva Inc.'s current read is isolated; its market group is not confirming.
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
What changed
- Revenue increased 19.9% versus the comparable filing period.
Company-2.1% todayVolume comparison unavailable
Market group0 of 36 activeSoftware - Application · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- Interest income decreased $0.6 million versus the prior-year quarter, primarily due to lower interest rates.
Invalidation: The isolated read changes if WK's group or a disclosed connection begins moving with it.
Research brief
The story so far
The latest filing evidence is available. 0 of 36 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.
Evidence that supports
- Revenue increased 19.9% versus the comparable filing period.
- Operating income moved from a loss to a profit in the comparable period.
- Operating cash flow moved from negative to positive in the comparable period.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- Interest income decreased $0.6 million versus the prior-year quarter, primarily due to lower interest rates.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements32
Verified relationships1
Evidence supporting the case
- Latest annual revenue changed +19.7% year over year.
- Operating margin changed +5.6 percentage points in the latest annual period.
- Net margin changed +4.5 percentage points in the latest annual period.
- Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
- EV/sales is 28% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 10, 2026
71.316m+14.6%12m-7.6%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$443.3M+26.1%$-0.74+5.5%
2022-12-31$537.9M+21.3%$-1.72+3.6%
2023-12-31$630.0M+17.1%$-2.36+2.2%
2024-12-31$738.7M+17.2%$-0.99+2.3%
2025-12-31$884.6M+19.7%$-0.47+1.7%
What management says matters
Persistent and emerging business drivers
Credit and interest ratesnegative · 1 filings
“Interest Income, Interest Expense, and Other Income (Expense), Net During the three months ended March 31, 2026, interest income decreased $0.6 million compared to the same quarter a year ago primarily due to lower interest rates.”10-Q · May 5, 2026 ↗
Product pipeline and R&Dnegative · 1 filings
“Operating Expenses Three months ended March 31, 2026 2025 % Change (dollars in thousands) Operating expenses Research and development $ 52,913 $ 53,780 (1.6)% Sales and marketing 104,485 101,671 2.8% General and administrative 26,042 27,237 (4.4)% Total opera…”10-Q · May 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 4.5× · EV/sales 4.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
71.31-2.1% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 10 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for WK. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
Fundamentals strengthened in the latest filing
10-Q filed 2026-05-05 against the comparable filing from 2025-05-01.
OperationsconstructiveEvidence score +4
liquidityconstructiveEvidence score +1
valuationmixed
What improved
- Revenue increased 19.9% versus the comparable filing period.
- Operating income moved from a loss to a profit in the comparable period.
- Operating cash flow moved from negative to positive in the comparable period.
What weakened
No thresholded deterioration was identified.
Filing receipts
“Sales and Marketing Sales and marketing expenses increased $2.8 million during the three months ended March 31, 2026 compared to the same quarter a year ago due primarily to $3.6 million in higher cash-based compensation and benefits costs, a $0.7 million increase in marketing and advertising, and a $0.5 million increase in professional service fees partially offset by a $1.3 million decrease in internal event costs and a $0.7 million decrease in travel expense.”
“Professional services cost of revenue decreased $0.9 million due primarily to a $0.9 million decrease in cash-based compensation and benefits costs partially offset by $0.2 million of additional stock-based compensation.”
“Interest Income, Interest Expense, and Other Income (Expense), Net During the three months ended March 31, 2026, interest income decreased $0.6 million compared to the same quarter a year ago primarily due to lower interest rates.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
The relationships behind WK
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depended on by
ERIIEnergy Recovery, Inc.partnerFeb 25, 2026 ▾
“We also rely upon certain third-party system providers, including cloud and non-cloud programs provided by software developers such as Microsoft Corporation, Workiva, Inc., and others, to review and notify their customers of any data breach.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 2 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
WK is currently a Follower in the organic co-movement group Software - Application. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.