Workiva
🇺🇸 NYSE:WK
•
Dec 31, 2024
Workiva Q4 2024 Earnings Report
Workiva Q4 2024 Earnings Report
Key Takeaways
Workiva reported total revenue of $200 million for Q4 2024, a 20% increase year-over-year. The company's subscription and support revenue grew by 22%. Workiva's net retention rate improved to 112%, and the company posted a non-GAAP net income of $19 million for the quarter.
Total revenue increased to $200 million, a 20% year-over-year growth.
Subscription and support revenue grew by 22% to $181 million.
GAAP net loss was $9 million, while non-GAAP net income was $19 million.
Workiva's net retention rate improved to 112%.
Workiva Revenue
Workiva EPS
Workiva Revenue by Segment
Workiva Revenue by Geographic Location
Forward Guidance
Workiva expects continued revenue growth in FY 2025, supported by strong performance across its subscription services and an expanding market opportunity.
Positive Outlook
- Projected revenue growth to $864-$868 million for FY 2025.
- Non-GAAP operating margin expected to be 5.0%-5.5%.
- Net income per diluted share (non-GAAP) expected to be $1.02-$1.09.
- Strong customer retention rate of 97%.
- Continued investment in innovation and strategic partnerships.
Challenges Ahead
- Projected GAAP net loss per basic share of $(1.07) to $(1.00).
- Ongoing expenses related to strategic growth initiatives.
- GAAP operating margin expected to be approximately -9.1% to -8.6%.
- Stock-based compensation expenses impacting results.
- Macro-economic uncertainties affecting market growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income