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Dec 31, 2021
Workiva Q4 2021 Earnings Report
Reported strong financial results driven by market leadership and increased demand for transparent connected reporting.
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
Revenue by Segment
Subscription and Support Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com 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