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Mar 31, 2021
Workiva Q1 2021 Earnings Report
Reported strong first-quarter results driven by secular tailwinds and an expanding addressable market after Workiva Q1 2021 Earnings Report.
Key Takeaways
Workiva Inc. announced strong financial results for the first quarter ended March 31, 2021, with total revenue reaching $104.2 million, a 21.5% increase from the previous year. The company also raised its full-year revenue guidance due to improved market demand and an expanding addressable market.
Increased Q1 2021 Subscription & Support Revenue by 24.2% over Q1 2020
Generated Total Q1 2021 Revenue of $104.2 Million, up 21.5% over Q1 2020
Achieved 48% YOY Growth of Customers with Annual Contract Value Over $150K
Expands Total Addressable Market with Launch of ESG Solution
Workiva
Workiva
Workiva Revenue by Segment
Revenue by Segment
Subscription and Support Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
Workiva provided revenue guidance for Q2 2021, expecting total revenue to be in the range of $101.0 million to $102.0 million. For the full year 2021, Workiva expects total revenue to be in the range of $418.0 million to $420.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income