WORKIVA INC
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
View on SEC.govAbout 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.
FY2025 · Filed Feb 19, 2026
WK$67.16-3.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 8. Consolidated Statements of Cash Flows
| WORKIVA INC.CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
|---|---|---|---|
| (in thousands) | |||
| Year ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net loss | $(26,169) | $(55,042) | $(127,525) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||
| Depreciation and amortization | 10,990 | 11,003 | 11,140 |
| Stock-based compensation expense | 122,945 | 102,150 | 98,765 |
| (Recovery of) provision for doubtful accounts | (214) | 39 | 410 |
| Accretion of premiums and discounts on marketable securities, net | (5,144) | (11,829) | (7,716) |
| Amortization of debt discount and issuance costs | 2,444 | 2,436 | 1,730 |
| Induced conversion expense | — | — | 45,144 |
| Realized loss on sale of available-for-sale securities, net | — | — | 708 |
| Deferred income tax | (396) | (629) | (14) |
| Changes in assets and liabilities: | |||
| Accounts receivable | (17,475) | (24,352) | (18,318) |
| Deferred costs | (13,732) | (34,477) | 277 |
| Operating lease right-of-use assets | 5,636 | 5,136 | 4,984 |
| Other receivables | (8) | 1,116 | (2,176) |
| Prepaid expenses and other | (6,083) | 1,453 | (5,023) |
| Other assets | (356) | (2,285) | 2,230 |
| Accounts payable | 651 | 2,399 | (1,002) |
| Deferred revenue | 88,703 | 73,840 | 60,112 |
| Operating lease liabilities | (4,121) | (3,738) | (4,133) |
| Accrued expenses and other liabilities | (17,601) | 20,486 | 11,282 |
| Net cash provided by operating activities | 140,070 | 87,706 | 70,875 |
| Cash flows from investing activities | |||
| Purchase of property and equipment | (2,075) | (1,363) | (2,124) |
| Purchase of marketable securities | (425,492) | (402,235) | (573,304) |
| Maturities of marketable securities | 390,473 | 452,023 | 153,358 |
| Sale of marketable securities | 2,533 | 4,609 | 65,052 |
| Acquisitions, net of cash acquired | — | (98,092) | — |
| Purchase of intangible assets | (391) | (191) | (235) |
| Net cash used in investing activities | (34,952) | (45,249) | (357,253) |
| WORKIVA INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (continued) | |||
|---|---|---|---|
| (in thousands) | |||
| Year ended December 31, | |||
| 2025 | 2024 | 2023 | |
| Cash flows from financing activities | |||
| Proceeds from option exercises | 6,220 | 4,909 | 4,472 |
| Taxes paid related to net share settlements of stock-based compensation awards | (22,674) | (11,458) | (9,459) |
| Proceeds from shares issued in connection with employee stock purchase plan | 13,698 | 13,822 | 12,513 |
| Repurchases of Class A common stock | (71,628) | — | — |
| Proceeds from the issuance of convertible senior notes, net of issuance costs | — | — | 691,113 |
| Payments for repurchase of convertible senior notes | — | — | (396,869) |
| Principal payments on finance lease obligations | (560) | (532) | (505) |
| Net cash (used in) provided by financing activities | (74,944) | 6,741 | 301,265 |
| Effect of foreign exchange rates on cash | 6,957 | (3,569) | 1,637 |
| Net increase in cash, cash equivalents, and restricted cash | 37,131 | 45,629 | 16,524 |
| Cash, cash equivalents, and restricted cash at beginning of year | 302,350 | 256,721 | 240,197 |
| Cash, cash equivalents, and restricted cash at end of year | $339,481 | $302,350 | $256,721 |
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental cash flow disclosure | |||
| Cash paid for interest | $10,331 | $10,278 | $4,710 |
| Cash paid for income taxes, net of refunds | $5,494 | $6,198 | $2,656 |
| Noncash investing and financing activities | |||
| Purchases of property and equipment, accrued but not paid | $616 | $581 | $— |
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets | |||
| Cash and cash equivalents at end of year | $338,769 | $301,835 | $256,100 |
| Restricted cash included within prepaid expenses and other at end of year | 712 | 515 | 621 |
| Total cash, cash equivalents, and restricted cash at end of year shown in the consolidated statements of cash flows | $339,481 | $302,350 | $256,721 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.