WORKIVA INC
WK · Services-Prepackaged Software · 54.1M shares · +4%/yr ↑ dilution · EDGAR filings ↗
Reference price $51.23 · est. market cap ~$2.8B — last insider sale, 2026-06-04 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C64Compliance/reporting SaaS with strong growth and positive FCF, but GAAP losses and negative equity.
Strengths
- Strong growth — revenue +19.7% (67th)
- High gross margin, positive FCF — gross margin 78.5%, FCF $138.0M, FCF margin 15.6%
Risks
- GAAP losses — operating margin -4.8%, net income -52.5% (29th)
- Negative equity — ROE 481% is an artifact
- Competitive reporting/compliance market — per 10-K
Notable findings
- Net lossNet loss (net margin -3.0%)
- Auditor changeRecent 8-K item 4.01 8-K ↗
- Customer concentration~35% of revenue from one customer/distributor — Risks Related to Our Business and Industry • We derive more than 35% of our total revenue from customers using our platform for SEC filings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, Bridgewater Associates, LP
- Exec changeRecent 8-K item 5.02 8-K ↗
- Strong balance sheetStrong balance sheet — $892M cash & investments
- Notable holderHeld by 5 notable fund(s): FMR LLC, STATE STREET CORP, GOLDMAN SACHS GROUP INC +2 more (as of 2026-03-31)
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
78.5%
Operating margin
-4.8%
Net margin
-3.0%
Return on equity
481.4%
Return on assets
-1.8%
Revenue growth (QoQ)
3.5%
Current ratio
1.6×
Free cash flow
$138M
EBITDA
-$31M
Tangible book value
-$234M
Cash & investments
$892M
Stock comp / revenue
13.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-04 | Herz Robert H | Sell | 1.5K | $51.23 |
| 2026-06-01 | Herz Robert H | Grant | 4.1K | — |
| 2026-06-01 | Herren Richard Scott | Grant | 4.1K | — |
| 2026-06-01 | Malik Astha | Grant | 4.1K | — |
| 2026-06-01 | CROW MICHAEL M | Grant | 4.1K | — |
| 2026-06-01 | RADIA SUKU V. | Grant | 4.1K | — |
| 2026-06-01 | PEEK MARK S | Grant | 4.1K | — |
| 2026-06-01 | VANDERPLOEG MARTIN J. | Grant | 4.1K | — |
| 2026-06-01 | VANDERPLOEG MARTIN J. | Tax withheld | 29K | $52.83 |
| 2026-05-29 | Herz Robert H | Sell | 1.0K | $49.69 |
| 2026-04-03 | Iskow Julie | Tax withheld | 7.6K | $60.00 |
| 2026-03-02 | Herren Richard Scott | Grant | 877 | — |
| 2026-03-01 | Iskow Julie | Grant | 4.1K | — |
| 2026-03-01 | Iskow Julie | Tax withheld | 2.2K | $61.58 |
| 2026-03-01 | Iskow Julie | Tax withheld | 2.6K | $61.58 |
| 2026-02-11 | Ziegler Brandon | Grant | 7.3K | — |
| 2026-02-11 | Swain Junko | Grant | 771 | — |
| 2026-02-11 | Swain Junko | Tax withheld | 374 | $64.95 |
| 2026-02-11 | Ziegler Brandon | Grant | 6.0K | — |
| 2026-02-11 | Ziegler Brandon | Grant | 3.8K | — |
| 2026-02-11 | Ziegler Brandon | Tax withheld | 8.7K | $64.95 |
| 2026-02-11 | Iskow Julie | Grant | 13K | — |
| 2026-02-11 | Iskow Julie | Grant | 21K | — |
| 2026-02-11 | Iskow Julie | Grant | 14K | — |
| 2026-02-11 | Iskow Julie | Tax withheld | 26K | $64.95 |
| 2026-02-03 | Swain Junko | Tax withheld | 650 | $72.00 |
| 2026-02-03 | Ziegler Brandon | Tax withheld | 4.5K | $72.00 |
| 2026-02-03 | Iskow Julie | Tax withheld | 18K | $72.00 |
| 2026-02-02 | Larson Barbara A | Grant | 141K | $76.54 |
| 2026-02-02 | Swain Junko | Grant | 6.9K | $76.54 |
| 2026-02-02 | Ziegler Brandon | Grant | 34K | $76.54 |
| 2026-02-02 | Iskow Julie | Grant | 128K | $76.54 |
| 2026-02-01 | VANDERPLOEG MARTIN J. | Tax withheld | 560 | $77.02 |
| 2026-02-01 | Iskow Julie | Tax withheld | 23K | $77.02 |
| 2026-02-01 | Swain Junko | Tax withheld | 618 | $77.02 |
| 2026-02-01 | Ziegler Brandon | Tax withheld | 8.8K | $77.02 |
| 2025-12-10 | Herz Robert H | Sell | 1.5K | $91.44 |
| 2025-12-10 | MULCAHY DAVID S. | Sell | 1.2K | $91.50 |
| 2025-11-26 | MULCAHY DAVID S. | Sell | 808 | $92.01 |
| 2025-09-02 | Swain Junko | Tax withheld | 2.1K | $82.24 |
| 2025-05-29 | CROW MICHAEL M | Grant | 3.2K | — |
| 2025-05-29 | RADIA SUKU V. | Grant | 3.2K | — |
| 2025-05-29 | MULCAHY DAVID S. | Grant | 3.2K | — |
| 2025-05-29 | Herz Robert H | Grant | 3.2K | — |
| 2025-05-29 | VANDERPLOEG MARTIN J. | Grant | 3.2K | — |
| 2025-05-29 | Malik Astha | Grant | 3.2K | — |
| 2025-05-23 | Klindt Jill | Sell | 7.8K | $67.10 |
| 2025-05-09 | Klindt Jill | Gift | 3.7K | — |
| 2025-05-05 | VANDERPLOEG MARTIN J. | Gift | 84K | — |
| 2025-05-05 | VANDERPLOEG MARTIN J. | Gift | 84K | — |
| 2025-04-15 | VANDERPLOEG MARTIN J. | Option exercise | 84K | $14.74 |
| 2025-04-03 | Iskow Julie | Tax withheld | 7.6K | $69.25 |
| 2025-03-14 | Herz Robert H | Sell | 1.5K | $88.66 |
| 2025-03-14 | Herz Robert H | Sell | 1.0K | $88.70 |
| 2025-03-13 | Hawkins Michael D. | Sell | 9.0K | $85.91 |
| 2025-03-07 | Ziegler Brandon | Sell | 4.1K | $85.72 |
| 2025-03-07 | Hawkins Michael D. | Sell | 10K | $85.43 |
| 2025-03-07 | Klindt Jill | Sell | 5.6K | $85.04 |
| 2025-03-01 | Iskow Julie | Grant | 3.8K | — |
| 2025-03-01 | Ziegler Brandon | Tax withheld | 786 | $87.52 |
| 2025-03-01 | Iskow Julie | Tax withheld | 4.5K | $87.52 |
| 2025-03-01 | Iskow Julie | Tax withheld | 2.1K | $87.52 |
| 2025-02-20 | Klindt Jill | Tax withheld | 6.6K | $86.55 |
| 2025-02-20 | Iskow Julie | Grant | 2.1K | — |
| 2025-02-20 | Iskow Julie | Grant | 9.8K | — |
| 2025-02-20 | Iskow Julie | Tax withheld | 17K | $86.55 |
| 2025-02-20 | VANDERPLOEG MARTIN J. | Grant | 2.8K | — |
| 2025-02-20 | VANDERPLOEG MARTIN J. | Tax withheld | 438 | $86.55 |
| 2025-02-20 | Iskow Julie | Grant | 20K | — |
| 2025-02-20 | Hawkins Michael D. | Grant | 1.2K | — |
| 2025-02-20 | Hawkins Michael D. | Grant | 4.1K | — |
| 2025-02-20 | Hawkins Michael D. | Grant | 6.3K | — |
| 2025-02-20 | Hawkins Michael D. | Tax withheld | 5.9K | $86.55 |
| 2025-02-20 | Ziegler Brandon | Grant | 1.2K | — |
| 2025-02-20 | Ziegler Brandon | Grant | 4.4K | — |
| 2025-02-20 | Ziegler Brandon | Grant | 6.8K | — |
| 2025-02-20 | Ziegler Brandon | Tax withheld | 6.4K | $86.55 |
| 2025-02-20 | Klindt Jill | Grant | 1.7K | — |
| 2025-02-20 | Klindt Jill | Grant | 5.4K | — |
| 2025-02-20 | Klindt Jill | Grant | 8.2K | — |
| 2025-02-03 | Hawkins Michael D. | Grant | 29K | $97.29 |
| 2025-02-03 | Klindt Jill | Grant | 32K | $97.29 |
| 2025-02-03 | Swain Junko | Grant | 5.4K | $97.29 |
| 2025-02-03 | Iskow Julie | Grant | 101K | $97.29 |
| 2025-02-03 | Ziegler Brandon | Grant | 27K | $97.29 |
| 2025-02-01 | VANDERPLOEG MARTIN J. | Tax withheld | 2.9K | $98.22 |
| 2025-02-01 | Swain Junko | Tax withheld | 606 | $98.22 |
| 2025-02-01 | Hawkins Michael D. | Tax withheld | 13K | $98.22 |
| 2025-02-01 | Ziegler Brandon | Tax withheld | 12K | $98.22 |
| 2025-02-01 | Klindt Jill | Tax withheld | 12K | $98.22 |
| 2025-02-01 | Iskow Julie | Tax withheld | 29K | $98.22 |
| 2025-01-10 | VANDERPLOEG MARTIN J. | Gift | 9.8K | — |
| 2025-01-10 | VANDERPLOEG MARTIN J. | Gift | 9.8K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-02 | Exec/director changeShareholder voteExhibits | filing ↗ |
| 2026-05-05 | ResultsExhibits | filing ↗ |
| 2026-05-05 | Auditor changeExhibits | filing ↗ |
| 2026-02-19 | ResultsExhibits | filing ↗ |
| 2026-01-28 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-10 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-11-05 | ResultsExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-02 | 2026-05-28 | 0001445305-26-000050 ↗ |
| 10-Q | 2026-05-05 | 2026-03-31 | 0001445305-26-000045 ↗ |
| 8-K | 2026-05-05 | 2026-04-30 | 0001445305-26-000046 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001445305-26-000043 ↗ |
| 10-K | 2026-02-19 | 2025-12-31 | 0001445305-26-000016 ↗ |
| 8-K | 2026-02-19 | 2026-02-19 | 0001445305-26-000015 ↗ |
| 8-K | 2026-01-28 | 2026-01-27 | 0001445305-26-000005 ↗ |
| 8-K | 2025-12-10 | 2025-12-03 | 0001445305-25-000150 ↗ |
| 8-K | 2025-11-05 | 2025-11-05 | 0001445305-25-000141 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001445305-25-000142 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001445305-25-000124 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001445305-25-000125 ↗ |