FALSE000144530500014453052024-08-012024-08-01

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________
FORM 8-K
___________________________________
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

August 1, 2024
Date of Report (date of earliest event reported)
___________________________________
WORKIVA INC.
(Exact name of registrant as specified in its charter)
___________________________________
Delaware
(State or other jurisdiction of incorporation or organization)
001-36773
(Commission File Number)
47-2509828
(I.R.S. Employer Identification Number)
2900 University Blvd
Ames, IA 50010
(888) 275-3125
(Address of principal executive offices and zip code)
(888) 275-3125
(Registrant's telephone number, including area code)
___________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Class A common stock, par value $.001WKNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 12b-2 of the Exchange Act.
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨



Section 2 - Financial Information
Item 2.02 - Results of Operations and Financial Condition
On August 1, 2024, Workiva Inc. (the "Company") issued a press release announcing its results for the quarter ended June 30, 2024. A copy of the press release is attached as Exhibit 99.1 to this current report on Form 8-K and is incorporated by reference herein.
The information in this current report on Form 8-K and the exhibits attached hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.



Section 9 - Financial Statements and Exhibits
Item 9.01 - Financial Statements and Exhibits
(d): The following exhibits are being filed herewith:
Exhibit
Number
Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document).



SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 1st day of August, 2024.

WORKIVA INC.
By:
/s/ Jill Klindt
Name:
Jill Klindt
Title:
Executive Vice President, Chief Financial Officer, and Treasurer



workivalogo.jpg

Workiva Inc. Announces Second Quarter 2024 Financial Results
•Increased Q2 2024 Subscription & Support Revenue by 18% over Q2 2023
•Total revenue of $178 million in Q2 2024, representing 15% year-over-year growth
•Achieved 31% YOY Growth of Customers with Annual Contract Value Over $300K
•Announced inaugural $100 million share repurchase program

NEW YORK - August 1, 2024 – Workiva Inc. (NYSE:WK), the world’s leading cloud platform for assured integrated reporting, today announced financial results for its second quarter ended June 30, 2024.
"In Q2, we saw a healthy improvement in the buying environment marked by broad-based demand across our entire solution portfolio" said Julie Iskow, President & Chief Executive Officer. "This demand was driven by a number of multi-solution and large contract platform deals. Whether from new logos or account expansions, we’re encouraged by our win rates, our deal sizes, and our platform wins."
"Q2 was a good quarter with 18% growth in subscription revenue and a 150 basis point year over year improvement in GAAP operating margin, which equated to a 240 basis point improvement on a Non-GAAP basis", said Jill Klindt, Chief Financial Officer. "Our strong first half performance along with improved sales momentum gives us the confidence to raise our full year total revenue guidance range to $727 million to $729 million."
Second Quarter 2024 Financial Results
•Revenue: Total revenue for the second quarter of 2024 reached $178 million, an increase of 15% from $155 million in the second quarter of 2023. Subscription and support revenue contributed $161 million, up 18% versus the second quarter of 2023. Professional services revenue was $17 million, down 8% from the second quarter of 2023.
•Gross Profit: GAAP gross profit for the second quarter of 2024 was $136 million compared with $116 million in the same quarter of 2023. GAAP gross margin was 76.8% versus 74.5% in the second quarter of 2023. Non-GAAP gross profit for the second quarter of 2024 was $139 million, an increase of 18% compared with the prior year's second quarter, and non-GAAP gross margin was 78.3% compared to 75.9% in the second quarter of 2023.
•Results from Operations: GAAP loss from operations for the second quarter of 2024 was $23 million, relatively flat compared to the same quarter in the prior year. Non-GAAP income from operations was $4 million compared with a non-GAAP loss from operations of $1 million in the second quarter of 2023.
•GAAP Net Loss: GAAP net loss for the second quarter of 2024 was $18 million compared with a net loss of $21 million for the prior year's second quarter. GAAP net loss per basic and diluted share was $0.32 compared with a net loss per basic and diluted share of $0.39 in the second quarter of 2023.
•Non-GAAP Net Income: Non-GAAP net income for the second quarter of 2024 was $9 million compared with net income of $1 million in the prior year's second quarter. Non-GAAP net income per basic share and diluted share was $0.17 and $0.16, respectively, compared with net income per basic share and diluted share of $0.02 in the second quarter of 2023.
•Liquidity: As of June 30, 2024, Workiva had cash, cash equivalents, and marketable securities totaling $741 million, compared with $814 million as of December 31, 2023. Workiva had $71 million aggregate principal amount of 1.125% convertible senior notes due in 2026, $702 million aggregate principal amount of 1.250% convertible senior notes due in 2028 and $14 million of finance lease obligations outstanding as of June 30, 2024.
Key Metrics and Recent Business Highlights
•Workiva Announces Share Repurchase Program: Workiva announced that its Board of Directors has authorized the repurchase of up to $100 million of its Class A common stock.
•Customers: Workiva had 6,147 customers as of June 30, 2024, a net increase of 287 customers from June 30, 2023.
•Revenue Retention Rate: As of June 30, 2024, Workiva's revenue retention rate (excluding add-on revenue) was 98%, and the revenue retention rate including add-on revenue was 109%. Add-on revenue includes changes in both solutions and pricing for existing customers.
•Large Contracts: As of June 30, 2024, Workiva had 1,768 customers with an annual contract value (“ACV”) of more than $100,000, up 20% from 1,470 customers at June 30, 2023. Workiva had 1,015 customers with an ACV of more than $150,000, up 23% from 823 customers in the second quarter of 2023. Workiva had 356 customers with an ACV of more than $300,000, up 31% from 272 customers in the second quarter of 2023.
Financial Outlook
As of August 1, 2024, Workiva is providing guidance as follows:
Third Quarter 2024 Guidance:
•Total revenue is expected to be in the range of $182 million to $183 million.
•GAAP loss from operations is expected to be in the range of $22 million to $21 million.
•Non-GAAP income from operations is expected to be in the range of $6.5 million to $7.5 million.
•GAAP net loss per basic share is expected to be in the range of $0.29 to $0.27.
•Non-GAAP net income per basic share is expected to be in the range of $0.22 to $0.24.
•Net income (loss) per basic share is based on 55.4 million weighted-average shares outstanding.
Full Year 2024 Guidance:
•Total revenue is expected to be in the range of $727 million to $729 million.
•GAAP loss from operations is expected to be in the range of $81 million to $79 million.
•Non-GAAP income from operations is expected to be in the range of $29 million to $31 million.
•GAAP net loss per basic share is expected to be in the range of $1.05 to $1.01.
•Non-GAAP net income per basic share is expected to be in the range of $0.94 to $0.98.
•Net income (loss) per basic share is based on 55.3 million weighted-average shares outstanding.
Share Repurchase Authorization
Workiva's Board of Directors has authorized a stock repurchase program of up to $100 million of Workiva's outstanding Class A common stock. The program has no minimum purchase commitment and no mandated end date. The repurchase is expected to be executed, subject to general business and market conditions and other investment opportunities, through open market purchases, block trades, and/or privately negotiated trades pursuant to 10b5-1 plans and other transactions in accordance with applicable securities laws. The timing and the amount of any repurchased common stock will be determined by Workiva's management based on its evaluation of market conditions and other factors. The repurchase program does not obligate Workiva to acquire any particular amount of Class A common stock and the repurchase program may be suspended or discontinued at any time at Workiva's discretion without prior notice. When shares are repurchased, they will be immediately retired by the Company.
Quarterly Conference Call
Workiva will host a webcast today at 5:00 p.m. ET to review the Company’s financial results for the second quarter 2024, in addition to discussing the Company’s outlook for the third quarter and full year 2024, and an update to the Company's long term financial model. The webcast will be available on https://investor.workiva.com/news-events/events. An archived webcast will also be available an hour after the completion of the call in the "Investor Relations" section of the Company’s website at www.workiva.com.
About Workiva
Workiva Inc. (NYSE:WK) is on a mission to power transparent reporting for a better world. We build and deliver the world’s leading cloud platform for assured integrated reporting to meet stakeholder demands for action, transparency, and disclosure of financial and non-financial data. Workiva offers the only unified SaaS platform that brings customers’ financial reporting, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC) together in a controlled, secure, audit-ready platform. Our platform simplifies the most complex reporting and disclosure challenges by streamlining processes, connecting data and teams, and ensuring consistency. Learn more at workiva.com.
Non-GAAP Financial Measures
The non-GAAP adjustments referenced herein relate to the exclusion of stock-based compensation and amortization of acquisition-related intangible assets. A reconciliation of GAAP to non-GAAP historical financial measures has been provided in Table I at the end of this press release. A reconciliation of GAAP to non-GAAP guidance has been provided in Table II at the end of this press release.
Workiva believes that the use of non-GAAP gross profit and gross margin, non-GAAP income (loss) from operations, non-GAAP net income (loss) and non-GAAP net income (loss) per share is helpful to its investors. These measures, which are referred to as non-GAAP financial measures, are not prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Non-GAAP gross profit is calculated by excluding stock-based compensation expense attributable to cost of revenues from gross profit. Non-GAAP gross margin is the ratio calculated by dividing non-GAAP gross profit by revenues. Non-GAAP income (loss) from operations is calculated by excluding stock-based compensation expense and amortization expense for acquisition-related intangible assets from loss from operations. Non-GAAP net income (loss) is calculated by excluding stock-based compensation expense, net of tax and amortization expense for acquisition-related intangible assets from net loss. Non-GAAP net income (loss) per share is calculated by dividing non-GAAP net income (loss) by the weighted- average shares outstanding as presented in the calculation of GAAP net loss per share. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s non-cash expenses, Workiva believes that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between its operating results from period to period. For business combinations, we generally allocate a portion of the purchase price to intangible assets. The amount of the allocation is based on estimates and assumptions made by management and is subject to amortization. The amount of purchase price allocated to intangible assets and the term of its related amortization can vary significantly and are unique to each acquisition and thus we do not believe it is reflective of ongoing operations. Workiva’s management uses these non-GAAP financial measures as tools for financial and operational decision making and for evaluating Workiva’s own operating results over different periods of time.
Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in Workiva’s industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on Workiva’s reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in Workiva’s business and an important part of the compensation provided to its employees. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Investors should review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included below, and not rely on any single financial measure to evaluate Workiva’s business.
Forward-Looking Statements
Certain statements in this press release are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company’s expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "will," "could," "would," "should," "expect," "plan," "anticipate," "intend," "believe," "estimate," "predict," "potential," "outlook," "guidance" or the negative of those terms or other comparable terminology.
Please see the Company’s documents filed or to be filed with the Securities and Exchange Commission, including the Company’s annual reports filed on Form 10-K and quarterly reports on Form 10-Q, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this report. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
###
Investor Contact:
Media Contact:
Mike Rost
Rotha Brauntz
Workiva Inc.
Workiva Inc.
investor@workiva.com
press@workiva.com
1

WORKIVA INC.

CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share amounts)
Three months ended June 30,Six months ended June 30,
2024202320242023
(unaudited)
Revenue
Subscription and support$160,735 $136,772 $315,714 $266,436 
Professional services16,768 18,250 37,456 38,775 
Total revenue177,503 155,022 353,170 305,211 
Cost of revenue
Subscription and support (1)
27,945 25,083 55,872 49,216 
Professional services (1)
13,227 14,421 26,823 28,806 
Total cost of revenue41,172 39,504 82,695 78,022 
Gross profit136,331 115,518 270,475 227,189 
Operating expenses
Research and development (1)
48,408 42,697 93,903 88,488 
Sales and marketing (1)
84,697 71,882 167,330 142,592 
General and administrative (1)
26,375 23,627 50,674 65,638 
Total operating expenses159,480 138,206 311,907 296,718 
Loss from operations(23,149)(22,688)(41,432)(69,529)
Interest income10,336 4,535 20,791 8,252 
Interest expense(3,237)(1,499)(6,469)(3,000)
Other (expense) and income, net(45)(439)41 (1,379)
Loss before provision for income taxes(16,095)(20,091)(27,069)(65,656)
Provision for income taxes1,453 819 2,166 1,404 
Net loss$(17,548)$(20,910)$(29,235)$(67,060)
Net loss per common share:
Basic and diluted$(0.32)$(0.39)$(0.53)$(1.25)
Weighted-average common shares outstanding - basic and diluted55,177,162 54,009,963 55,046,507 53,850,986 

(1) Includes stock-based compensation expense as follows:
Three months ended June 30,Six months ended June 30,
2024202320242023
(unaudited)
Cost of revenue
Subscription and support$1,943 $1,413 $3,544 $2,485 
Professional services763 667 1,490 1,300 
Operating expenses
Research and development5,152 4,825 9,793 9,522 
Sales and marketing8,490 6,703 16,528 13,661 
General and administrative9,054 7,002 17,054 31,684 

2

WORKIVA INC.

CONSOLIDATED BALANCE SHEETS
(in thousands)
June 30, 2024December 31, 2023
(unaudited)
Assets
Current assets
Cash and cash equivalents$267,897 $256,100 
Marketable securities472,956 557,622 
Accounts receivable, net121,359 125,193 
Deferred costs41,994 39,023 
Other receivables6,877 7,367 
Prepaid expenses and other21,307 23,631 
Total current assets932,390 1,008,936 
Property and equipment, net22,268 24,282 
Operating lease right-of-use assets10,535 12,642 
Deferred costs, non-current40,169 33,346 
Goodwill199,202 112,097 
Intangible assets, net31,533 22,892 
Other assets6,592 4,665 
Total assets$1,242,689 $1,218,860 
Liabilities and Stockholders’ Deficit
Current liabilities
Accounts payable$8,229 $5,204 
Accrued expenses and other current liabilities113,339 97,921 
Deferred revenue384,105 380,843 
Finance lease obligations547 532 
Total current liabilities506,220 484,500 
Convertible senior notes, non-current763,672 762,455 
Deferred revenue, non-current27,694 36,177 
Other long-term liabilities221 178 
Operating lease liabilities, non-current8,856 10,890 
Finance lease obligations, non-current13,773 14,050 
Total liabilities1,320,436 1,308,250 
Stockholders’ deficit
Common stock55 54 
Additional paid-in-capital608,804 562,942 
Accumulated deficit(681,876)(652,641)
Accumulated other comprehensive (loss) income(4,730)255 
Total stockholders’ deficit(77,747)(89,390)
Total liabilities and stockholders’ deficit$1,242,689 $1,218,860 

3

WORKIVA INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three months ended June 30,Six months ended June 30,
2024202320242023
(unaudited)
Cash flows from operating activities
Net loss$(17,548)$(20,910)$(29,235)$(67,060)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization2,564 2,867 5,086 5,667 
Stock-based compensation expense25,402 20,610 48,409 58,652 
Provision for (recovery of) doubtful accounts20 (57)(103)49 
Realized loss on sale of available-for-sale securities, net— 147 — 708 
Amortization of premiums and discounts on marketable securities, net(3,156)(1,572)(6,905)(2,600)
Amortization of issuance costs and debt discount609 325 1,217 650 
Deferred income tax4 7 (291)(3)
Changes in assets and liabilities:
Accounts receivable(33,267)(6,886)3,680 22,477 
Deferred costs(11,599)1,362 (10,194)3,132 
Operating lease right-of-use asset1,172 1,268 2,598 2,563 
Other receivables4,347 (381)4,541 (286)
Prepaid expenses4,693 (1,705)2,420 (7,437)
Other assets(565)510 (1,655)436 
Accounts payable(1,884)(1,088)2,842 (881)
Deferred revenue13,079 21,060 (4,447)11,105 
Operating lease liability(966)(1,207)(1,953)(2,379)
Accrued expenses and other liabilities17,081 11,629 8,820 6,749 
Net cash (used in) provided by operating activities(14)25,979 24,830 31,542 
Cash flows from investing activities
Purchase of property and equipment(108)(639)(311)(837)
Purchase of marketable securities(34,986)(51,204)(151,553)(177,019)
Sale of marketable securities— 21,339 4,609 65,052 
Maturities of marketable securities107,100 8,000 236,740 39,905 
Acquisitions, net of cash acquired(98,280)— (98,280)— 
Purchase of intangible assets(41)(40)(72)(119)
Net cash used in investing activities(26,315)(22,544)(8,867)(73,018)
4

WORKIVA INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
Three months ended June 30,Six months ended June 30,
2024202320242023
(unaudited)
Cash flows from financing activities
Proceeds from option exercises290 747 592 2,204 
Taxes paid related to net share settlements of stock-based compensation awards(1,640)(1,212)(10,251)(8,440)
Proceeds from shares issued in connection with employee stock purchase plan— — 7,113 5,546 
Principal payments on finance lease obligations(132)(125)(261)(249)
Net cash used in financing activities(1,482)(590)(2,807)(939)
Effect of foreign exchange rates on cash(358)609 (1,465)1,157 
Net (decrease) increase in cash and cash equivalents(28,169)3,454 11,691 (41,258)
Cash, cash equivalents and restricted cash at beginning of period
296,581 195,485 256,721 240,197 
Cash, cash equivalents and restricted cash at end of period
$268,412 $198,939 $268,412 $198,939 


Three months ended June 30,Six months ended June 30,
2024202320242023
Reconciliation of cash, cash equivalents, and restricted cash to the consolidated balance sheets
Cash and cash equivalents at end of period
$267,897 $198,939 $267,897 $198,939 
Restricted cash included within prepaid expenses and other at end of period
515 — 515 — 
Total cash, cash equivalents, and restricted cash at end of period shown in the consolidated statements of cash flows
$268,412 $198,939 $268,412 $198,939 
5

TABLE I
WORKIVA INC.
RECONCILIATION OF NON-GAAP INFORMATION
(in thousands, except share and per share)
Three months ended June 30,Six months ended June 30,
2024202320242023
Gross profit, subscription and support$132,790 $111,689 $259,842 $217,220 
Add back: Stock-based compensation1,943 1,413 3,544 2,485 
Gross profit, subscription and support, non-GAAP$134,733 $113,102 $263,386 $219,705 
Gross profit, professional services$3,541 $3,829 $10,633 $9,969 
Add back: Stock-based compensation763 667 1,490 1,300 
Gross profit, professional services, non-GAAP$4,304 $4,496 $12,123 $11,269 
Gross profit$136,331 $115,518 $270,475 $227,189 
Add back: Stock-based compensation2,706 2,080 5,034 3,785 
Gross profit, non-GAAP$139,037 $117,598 $275,509 $230,974 
Cost of revenue, subscription and support$27,945 $25,083 $55,872 $49,216 
Less: Stock-based compensation1,943 1,413 3,544 2,485 
Cost of revenue, subscription and support, non-GAAP$26,002 $23,670 $52,328 $46,731 
Cost of revenue, professional services$13,227 $14,421 $26,823 $28,806 
Less: Stock-based compensation763 667 1,490 1,300 
Cost of revenue, professional services, non-GAAP$12,464 $13,754 $25,333 $27,506 
Research and development$48,408 $42,697 $93,903 $88,488 
Less: Stock-based compensation5,152 4,825 9,793 9,522 
Less: Amortization of acquisition-related intangibles962 891 1,852 1,777 
Research and development, non-GAAP$42,294 $36,981 $82,258 $77,189 
Sales and marketing$84,697 $71,882 $167,330 $142,592 
Less: Stock-based compensation8,490 6,703 16,528 13,661 
Less: Amortization of acquisition-related intangibles413 606 825 1,207 
Sales and marketing, non-GAAP$75,794 $64,573 $149,977 $127,724 
General and administrative$26,375 $23,627 $50,674 $65,638 
Less: Stock-based compensation9,054 7,002 17,054 31,684 
General and administrative, non-GAAP$17,321 $16,625 $33,620 $33,954 
Loss from operations$(23,149)$(22,688)$(41,432)$(69,529)
Add back: Stock-based compensation25,402 20,610 48,409 58,652 
Add back: Amortization of acquisition-related intangibles1,375 1,497 2,677 2,984 
Income (loss) from operations, non-GAAP
$3,628 $(581)$9,654 $(7,893)
6

TABLE I
WORKIVA INC.
RECONCILIATION OF NON-GAAP INFORMATION
(in thousands, except share and per share)
Three months ended June 30,Six months ended June 30,
2024202320242023
Net loss$(17,548)$(20,910)$(29,235)$(67,060)
Add back: Stock-based compensation25,402 20,610 48,409 58,652 
Add back: Amortization of acquisition-related intangibles1,375 1,497 2,677 2,984 
Net income (loss), non-GAAP
$9,229 $1,197 $21,851 $(5,424)
Net loss per basic and diluted share:$(0.32)$(0.39)$(0.53)$(1.25)
Add back: Stock-based compensation0.47 0.38 0.88 1.09 
Add back: Amortization of acquisition-related intangibles0.02 0.03 0.05 0.06 
Net income (loss) per basic share, non-GAAP
$0.17 $0.02 $0.40 $(0.10)
Net income (loss) per diluted share, non-GAAP
$0.16 $0.02 $0.38 $(0.10)
Weighted-average common shares outstanding - basic, non-GAAP55,177,162 54,009,963 55,046,507 53,850,986 
Weighted-average common shares outstanding - diluted, non-GAAP56,418,031 55,793,636 57,260,662 53,850,986 



7

TABLE II
WORKIVA INC.
RECONCILIATION OF NON-GAAP GUIDANCE
(in thousands, except share and per share data)
Three months ending September 30, 2024
Year ending December 31, 2024
Loss from operations, GAAP range$(22,000)-$(21,000)$(81,000)-$(79,000)
Add back: Stock-based compensation
26,600 26,600 103,500 103,500 
Add back: Amortization of acquisition-related intangibles1,900 1,900 6,500 6,500 
Income from operations, non-GAAP range
$6,500 -$7,500 $29,000 -$31,000 
Net loss per share, GAAP range$(0.29)-$(0.27)$(1.05)-$(1.01)
Add back: Stock-based compensation
0.48 0.48 1.87 1.87 
Add back: Amortization of acquisition-related intangibles0.03 0.03 0.12 0.12 
Net income per share, non-GAAP range
$0.22 -$0.24 $0.94 -$0.98 
Weighted-average common shares outstanding - basic55,400,000 55,400,000 55,300,000 55,300,000 


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v3.24.2.u1
Cover Page
Aug. 01, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Aug. 01, 2024
Entity Registrant Name WORKIVA INC
Entity Incorporation, State or Country Code DE
Entity File Number 001-36773
Entity Tax Identification Number 47-2509828
Entity Address, Address Line One 2900 University Blvd
Entity Address, City or Town Ames
Entity Address, State or Province IA
Entity Address, Postal Zip Code 50010
City Area Code 888
Local Phone Number 275-3125
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Class A common stock, par value $.001
Trading Symbol WK
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001445305
Amendment Flag false
Workiva (NYSE:WK)
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Workiva (NYSE:WK)
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