WORKIVA INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $884.6M | $738.7M | $630.0M | $537.9M | $443.3M | $351.6M | $297.9M | $244.3M |
| Cost of Revenue | $190.4M | $172.1M | $154.2M | $129.9M | $103.8M | $90.2M | $85.0M | $65.9M |
| Gross Profit | $694.1M | $566.6M | $475.8M | $408.0M | $339.5M | $261.4M | $212.9M | $178.5M |
| Gross Margin | 78.5% | 76.7% | 75.5% | 75.9% | 76.6% | 74.4% | 71.5% | 73.0% |
| Operating Expenses | ||||||||
| Research & Development | $214.8M | $192.9M | $172.8M | $151.7M | $115.7M | $94.8M | $89.9M | $81.6M |
| SG&A Expense | $112.9M | $103.0M | $110.5M | $99.8M | $74.3M | $59.7M | $48.1M | $56.3M |
| Operating Income | $-42.4M | $-76.5M | $-94.5M | $-88.8M | $-29.4M | $-37.8M | $-45.4M | $-49.8M |
| Operating Margin | -4.8% | -10.4% | -15.0% | -16.5% | -6.6% | -10.8% | -15.2% | -20.4% |
| Interest Expense | $12.0M | $12.0M | $53.6M | $6.0M | $14.0M | $14.0M | $6.0M | $1.8M |
| Pretax Income | $-22.4M | $-49.4M | $-124.1M | $-89.0M | $-39.1M | $-48.7M | $-47.3M | $-49.8M |
| Income Tax Expense | $3.8M | $5.6M | $3.4M | $1.9M | $-1.4M | $-291.0K | $139.0K | $247.0K |
| Net Income | $-26.2M | $-55.0M | $-127.5M | $-90.9M | $-37.7M | $-48.4M | $-47.5M | $-50.1M |
| Net Margin | -3.0% | -7.5% | -20.2% | -16.9% | -8.5% | -13.8% | -15.9% | -20.5% |
| EPS (Basic) | $-0.47 | $-0.99 | $-2.36 | $-1.72 | $-0.74 | $-1.00 | $-1.03 | $-1.15 |
| EPS (Diluted) | $-0.47 | $-0.99 | $-2.36 | $-1.72 | $-0.74 | $-1.00 | $-1.03 | $-1.15 |
| Shares Outstanding (Basic) | 56.3M | 55.4M | 54.1M | 53.0M | 51.1M | 48.4M | 46.3M | — |
| Shares Outstanding (Diluted) | 56.3M | 55.4M | 54.1M | 53.0M | 51.1M | 48.4M | 46.3M | — |
| Dividends Per Share | — | — | — | — | — | — | — | — |