WORKIVA INC

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

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.

FY2024 · Filed Feb 25, 2025

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

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Contents

Consolidated Balance Sheets

WORKIVA INC.CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share amounts)
	As of December 31,
	2024	2023
ASSETS
Current assets
Cash and cash equivalents	$301,835	$256,100
Marketable securities	514,585	557,622
Accounts receivable, net of allowance for doubtful accounts of $1,220 and $1,163 at December 31, 2024 and 2023, respectively	148,433	125,193
Deferred costs	50,914	39,023
Other receivables	10,276	7,367
Prepaid expenses and other	22,199	23,631
Total current assets	1,048,242	1,008,936
Property and equipment, net	21,825	24,282
Operating lease right-of-use assets	11,786	12,642
Deferred costs, non-current	54,858	33,346
Goodwill	196,844	112,097
Intangible assets, net	27,389	22,892
Other assets	7,525	4,665
Total assets	$1,368,469	$1,218,860
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities
Accounts payable	$7,747	$5,204
Accrued expenses and other current liabilities	126,508	97,921
Deferred revenue	457,608	380,843
Finance lease obligations	562	532
Total current liabilities	592,425	484,500
Convertible senior notes, non-current	764,891	762,455
Deferred revenue, non-current	29,681	36,177
Other long-term liabilities	227	178
Operating lease liabilities, non-current	9,441	10,890
Finance lease obligations, non-current	13,488	14,050
Total liabilities	1,410,153	1,308,250
Stockholders’ deficit
Class A common stock, $0.001 par value per share, 1,000,000,000 shares authorized, 51,646,053 and 50,333,435 shares issued and outstanding at December 31, 2024 and 2023, respectively	52	50
Class B common stock, $0.001 par value per share, 500,000,000 shares authorized, 3,845,583 and 3,845,583 shares issued and outstanding at December 31, 2024 and 2023, respectively	4	4
Preferred stock, $0.001 par value per share, 100,000,000 shares authorized, no shares issued and outstanding	—	—
Additional paid-in-capital	672,363	562,942
Accumulated deficit	(707,683)	(652,641)
Accumulated other comprehensive (loss) income	(6,420)	255
Total stockholders’ deficit	(41,684)	(89,390)
Total liabilities and stockholders’ deficit	$1,368,469	$1,218,860

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.