Workiva Q4 2021 Earnings Report
Key Takeaways
Workiva Inc. reported a 28.7% increase in total revenue for Q4 2021, reaching $120.8 million. The company added 169 net new logos and achieved a revenue retention rate of 97%. Strong growth was seen in subscription and support revenue, as well as in the number of customers with contract values over $100k.
Increased Q4 2021 Subscription & Support Revenue by 28.8% over Q4 2020.
Generated Total Q4 2021 Revenue of $120.8 Million, up 28.7% over Q4 2020.
Achieved 37.9% YOY Growth of Customers with Annual Contract Value Over $150K.
Added 169 net new logos and achieved a revenue retention rate of 97%.
Workiva
Workiva
Workiva Revenue by Segment
Forward Guidance
Workiva provided guidance for Q1 2022 and full year 2022, including total revenue, GAAP and non-GAAP loss from operations, and net loss per share.
Positive Outlook
- Total revenue for Q1 2022 is expected to be in the range of $127.0 million to $128.0 million.
- Total revenue for full year 2022 is expected to be in the range of $532.0 million to $534.0 million.
Challenges Ahead
- GAAP loss from operations for Q1 2022 is expected to be in the range of $22.9 million to $21.9 million.
- Non-GAAP loss from operations for Q1 2022 is expected to be in the range of $7.0 million to $6.0 million.
- GAAP net loss per basic and diluted share for Q1 2022 is expected to be in the range of $0.46 to $0.44.
- Non-GAAP net loss per basic share for Q1 2022 is expected to be in the range of $0.16 to $0.14.
- GAAP loss from operations for full year 2022 is expected to be in the range of $104.9 million to $102.9 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income