Workiva (NYSE:WK) Releases Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Workiva (NYSE:WK) announced its quarterly earnings results on Tuesday. The software maker reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.11, FiscalAI reports. The firm had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. During the same period in the previous year, the firm posted $0.14 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. Workiva updated its FY 2026 guidance to 2.850-2.950 EPS and its Q2 2026 guidance to 0.620-0.650 EPS.

Here are the key takeaways from Workiva’s conference call:

• Q1 beat expectations — Total revenue was $247M, up 20% year‑over‑year with subscription revenue up 21%, and non‑GAAP operating margin of 18.4% beat guidance by 240 bps and improved ~1,600 bps versus Q1 2025.
• Upmarket, multi‑solution traction — Large contract cohorts expanded meaningfully (contracts >$300K +38%, >$500K +39%), net retention was 112%, and 75% of subscription revenue came from multi‑solution customers, often sold via Big Four/regional partners.
• AI and product innovation — Workiva rolled out agent‑driven features (GRC flowchart visualizer, IFRS sustainability agent, Internal Tie‑Out Assistant) and is embedding AI to improve customer value and internal productivity.
• Guidance and near‑term cadence — Q2 revenue guide of $250M–$252M and a lower Q2 non‑GAAP margin (14.5%–15.0%) reflect seasonality/headcount timing, while full‑year revenue is guided to $1.037B–$1.041B with a raised margin outlook of 16.0%–16.5% and ~20% free cash flow margin.
• Strong balance sheet and buybacks — Cash and marketable securities of $863M and $50M of share repurchases in Q1 ( $122M repurchased of a $350M program) give flexibility for returns and opportunistic repurchases.

Workiva Price Performance

Shares of WK stock opened at $55.35 on Wednesday. Workiva has a 1-year low of $50.98 and a 1-year high of $97.10. The firm has a market cap of $3.15 billion, a PE ratio of -115.32 and a beta of 0.54. The company has a 50-day moving average of $58.74 and a two-hundred day moving average of $75.12.

Hedge Funds Weigh In On Workiva

Several large investors have recently made changes to their positions in the stock. Invesco Ltd. boosted its position in shares of Workiva by 2.7% during the 4th quarter. Invesco Ltd. now owns 41,770 shares of the software maker’s stock worth $3,603,000 after purchasing an additional 1,082 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Workiva by 86.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 15,584 shares of the software maker’s stock valued at $1,344,000 after purchasing an additional 7,228 shares during the period. Vident Advisory LLC acquired a new position in Workiva during the fourth quarter worth $455,000. Fuller & Thaler Asset Management Inc. lifted its stake in Workiva by 11.4% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 893,859 shares of the software maker’s stock worth $77,095,000 after purchasing an additional 91,808 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of Workiva by 8.2% during the fourth quarter. Empowered Funds LLC now owns 6,775 shares of the software maker’s stock worth $584,000 after buying an additional 512 shares during the period. 92.21% of the stock is currently owned by institutional investors and hedge funds.

Workiva declared that its Board of Directors has authorized a stock buyback program on Monday, February 16th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the software maker to reacquire up to 7.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on WK. Truist Financial reaffirmed a “buy” rating and set a $90.00 target price (down from $110.00) on shares of Workiva in a research note on Friday, February 20th. Stephens set a $90.00 price target on shares of Workiva in a research note on Friday, February 20th. BMO Capital Markets cut their price target on shares of Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Robert W. Baird decreased their price objective on Workiva from $115.00 to $86.00 and set an “outperform” rating on the stock in a report on Friday, February 20th. Finally, Stifel Nicolaus lowered their price objective on Workiva from $98.00 to $79.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Ten investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Workiva presently has an average rating of “Moderate Buy” and a consensus price target of $94.17.

Key Workiva News

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Workiva reported stronger-than-expected Q1 results: EPS $0.77 vs. consensus $0.66 and revenue $247.3M vs. $245.2M, with revenue up ~19.9% year-over-year — a clear operational beat that supports upside to earnings expectations. Press Release
• Positive Sentiment: Management meaningfully raised guidance: Q2 EPS guided to $0.620–0.650 (vs. street ~$0.42) and FY26 EPS to $2.85–2.95 (vs. street ~$2.28). Revenue targets are roughly in line with consensus. Upward guidance is the main constructive catalyst for forward earnings revisions. Guidance/Transcript
• Neutral Sentiment: Earnings-call color and detail are available in the Q1 2026 transcript — useful for investors wanting management commentary on AI adoption, customer demand, and margin drivers but not introducing new headline items. Earnings Call Transcript
• Neutral Sentiment: Analyst write-ups (Zacks) reiterate the beats and compare key metrics vs. estimates and the prior year — helpful context for modeling but largely confirmatory. Zacks: Earnings & Revenues Top Estimates Zacks: Key Metrics vs Estimates
• Negative Sentiment: Despite fundamentals, the stock is trading lower today — likely reflecting short-term profit-taking, mixed share‑price momentum, and valuation/technical concerns (50-day MA well below the 200-day MA and share price off its 12‑month high). Valuation Article

Workiva Company Profile

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.