WORKIVA INC

For the period ended Dec 31, 2023. Filed Feb 20, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 20, 2024

WK$69.78-4.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

WORKIVA INC.CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share amounts)
	Year ended December 31,
	2023	2022	2021
Revenue
Subscription and support	$558,645	$464,935	$379,340
Professional services	71,394	72,940	63,945
Total revenue	630,039	537,875	443,285
Cost of revenue
Subscription and support	99,193	77,711	60,551
Professional services	55,029	52,174	43,282
Total cost of revenue	154,222	129,885	103,833
Gross profit	475,817	407,990	339,452
Operating expenses
Research and development	172,790	151,716	115,735
Sales and marketing	287,035	245,260	178,785
General and administrative	110,519	99,778	74,287
Total operating expenses	570,344	496,754	368,807
Loss from operations	(94,527)	(88,764)	(29,355)
Interest income	25,882	4,880	1,041
Interest expense	(53,639)	(6,042)	(14,015)
Other (expense) income, net	(1,814)	926	3,229
Loss before provision (benefit) for income taxes	(124,098)	(89,000)	(39,100)
Provision (benefit) for income taxes	3,427	1,947	(1,370)
Net loss	$(127,525)	$(90,947)	$(37,730)
Net loss per common share:
Basic and diluted	$(2.36)	$(1.72)	$(0.74)
Weighted-average common shares outstanding - basic and diluted	54,099,757	52,954,079	51,126,510

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