Loading...
•
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%.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...