Workiva (NYSE:WK) Announces Quarterly Earnings Results, Beats Estimates By $0.11 EPS

Workiva (NYSE:WK) released its quarterly earnings data on Tuesday. The software maker reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.11, FiscalAI reports. Workiva had a net margin of 1.53% and a negative return on equity of 57.27%. The business had revenue of $247.31 million for the quarter, compared to analyst estimates of $245.17 million. During the same quarter last year, the firm earned $0.14 EPS. Workiva’s quarterly revenue was up 19.9% compared to the same quarter last year. Workiva updated its FY 2026 guidance to 2.850-2.950 EPS and its Q2 2026 guidance to 0.620-0.650 EPS.

Here are the key takeaways from Workiva’s conference call:

• Q1 beat expectations — Total revenue was $247M, up 20% year?over?year with subscription revenue up 21%, and non?GAAP operating margin of 18.4% beat guidance by 240 bps and improved ~1,600 bps versus Q1 2025.
• Upmarket, multi?solution traction — Large contract cohorts expanded meaningfully (contracts >$300K +38%, >$500K +39%), net retention was 112%, and 75% of subscription revenue came from multi?solution customers, often sold via Big Four/regional partners.
• AI and product innovation — Workiva rolled out agent?driven features (GRC flowchart visualizer, IFRS sustainability agent, Internal Tie?Out Assistant) and is embedding AI to improve customer value and internal productivity.
• Guidance and near?term cadence — Q2 revenue guide of $250M–$252M and a lower Q2 non?GAAP margin (14.5%–15.0%) reflect seasonality/headcount timing, while full?year revenue is guided to $1.037B–$1.041B with a raised margin outlook of 16.0%–16.5% and ~20% free cash flow margin.
• Strong balance sheet and buybacks — Cash and marketable securities of $863M and $50M of share repurchases in Q1 ( $122M repurchased of a $350M program) give flexibility for returns and opportunistic repurchases.

Workiva Stock Performance

NYSE:WK traded up $2.01 during mid-day trading on Thursday, reaching $53.54. 401,376 shares of the company’s stock were exchanged, compared to its average volume of 1,006,437. The firm has a market capitalization of $3.04 billion, a PE ratio of 232.06 and a beta of 0.54. Workiva has a one year low of $49.44 and a one year high of $97.10. The business’s fifty day simple moving average is $58.62 and its two-hundred day simple moving average is $74.87.

Workiva declared that its Board of Directors has approved a share repurchase plan on Monday, February 16th that permits the company to repurchase $250.00 million in outstanding shares. This repurchase authorization permits the software maker to purchase up to 7.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on WK. Stephens set a $90.00 price target on shares of Workiva in a research report on Friday, February 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Workiva in a research note on Wednesday, January 21st. BMO Capital Markets decreased their target price on Workiva from $92.00 to $83.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Citigroup restated a “buy” rating on shares of Workiva in a report on Monday, February 23rd. Finally, Truist Financial restated a “buy” rating and issued a $90.00 target price (down from $110.00) on shares of Workiva in a research note on Friday, February 20th. Ten equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.33.

Key Stories Impacting Workiva

Here are the key news stories impacting Workiva this week:

• Positive Sentiment: Q1 results beat consensus: EPS $0.77 vs. $0.66 est., revenue $247.3M vs. $245.2M; revenue +19.9% YoY — confirms durable demand. Workiva Announces First-Quarter 2026 Financial Results
• Positive Sentiment: Company raised guidance sharply: Q2 EPS 0.620–0.650 vs. street ~0.42 and FY26 EPS 2.850–2.950 vs. consensus ~2.28 — implies stronger margin leverage and faster profitability ramp than analysts expected. Workiva Q1 Results & Guidance (MarketBeat)
• Positive Sentiment: Earnings call emphasized growth drivers and margin upside from product adoption and AI capabilities, supporting the raised outlook and investor optimism. Workiva Earnings Call Highlights Growth, Margin Upside
• Neutral Sentiment: Full transcripts, slide deck and conference materials are available for deeper review — useful for modeling recurring revenue cadence and margin assumptions. Workiva Q1 2026 Earnings Call Transcript (Yahoo)
• Neutral Sentiment: Analysts and outlets are re-examining valuation given mixed share-price momentum and high multiples; this is prompting differing takeaways on upside vs. risk. A Closer Look At Workiva Valuation (Yahoo)
• Negative Sentiment: Some brokers trimmed price targets despite keeping buy ratings (Stifel lowered PT to $65 from $79) — reduces near-term upside expectations among parts of the sell-side. Benzinga: Stifel PT Cut
• Negative Sentiment: BTIG also lowered its target (to $80) even while maintaining a buy — continued downward PT revisions could cap rally if the stock needs more time to re-rate. BTIG Price Target Update (TickerReport)
• Negative Sentiment: Some headlines noted intraday selling/volatility after the print — short-term profit-taking or rotation is possible despite the positive fundamentals. Why Workiva Shares Are Plunging Today (MSN)

Hedge Funds Weigh In On Workiva

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Workiva in the 4th quarter valued at $26,000. Quarry LP increased its stake in shares of Workiva by 396.3% in the fourth quarter. Quarry LP now owns 407 shares of the software maker’s stock valued at $35,000 after buying an additional 325 shares during the period. Allworth Financial LP raised its holdings in Workiva by 82.3% in the 3rd quarter. Allworth Financial LP now owns 412 shares of the software maker’s stock valued at $35,000 after buying an additional 186 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Workiva during the 4th quarter worth approximately $93,000. Finally, Smartleaf Asset Management LLC increased its position in Workiva by 40.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,797 shares of the software maker’s stock valued at $155,000 after acquiring an additional 521 shares during the period. Institutional investors own 92.21% of the company’s stock.

About Workiva

Workiva, originally founded as WebFilings in 2008, delivers a cloud-native platform designed to streamline and connect data, documents and teams for reporting and compliance. Its flagship Workiva platform supports a range of applications including financial reporting, regulatory filings, internal controls documentation, risk management and environmental, social and governance (ESG) disclosures. By centralizing data and automating workflows, the company helps organizations improve accuracy, transparency and auditability across critical reporting processes.

The Workiva platform offers modular solutions that integrate with existing enterprise systems and data sources.