Company name:

Workiva Inc

  • IPO SHARE PRICE:
    $14.00
  • IPO DATE:
    December 12, 2014
  • TICKER:
    WK
  • MAIN STOCK EXCHANGE:
    New York Stock Exchange
  • CURRENT HQ LOCATION:
    2900 University Blvd Ames IA 50010
  • FISCAL YEAR END:
    December 31
  • INCORPORATION JURISDICTION:
    DE
  • ORGANIZED AS THE FOLLOWING LEGAL TYPE:
    Corporation
  • Investor Relations Webpage:
    Coming soon!
  • TAX RATE:
    USA federal corporate nominal income tax rate is 21%

Short Description

Workiva Inc

We are working hard and as soon as possible to provide company description soon. Feel free to reach out to request it sooner: improve@real-clear-investing.com

Income Statement

Quarterly Annual
(USD in thousand)
Selected Year:
31-Dec
2020
Revenue
Gross receipts in the form of cash (great!) and promises to pay (Account Receivables - not so great as some of them will never be collected but reality of business!) from all its customers
100%
84.2% —

Subscription and support

15.8% —

Professional services revenue
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Subscription and support
45,679
45,679
45,679
45,679
45,679
 169,283 200,392 245,765 295,877 295,877 323,880
Professional services revenue
$45,679
$45,679
$45,679
$45,679
$45,679
 38,586 43,952 52,126 55,717 55,717 51,456
Total Revenue
$45,679
$45,679
$45,679
$45,679
$45,679
 $207,869 $244,344 $297,891 $351,594 $351,594 $375,336
Selected Year:
31-Dec
2020
Operating expenses
Cost (labor, materials, depreciation, overhead, etc) for delivering service or manufacturing a product that business sells
110.8%
41.2% —

Sales and marketing

27.0% —

Research and development

17.0% —

General and administrative

14.1% —

Cost of revenue Subscription and support

11.6% —

Costs of professional services
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Cost of revenue Subscription and support
45,679
45,679
45,679
45,679
45,679
 32,646 34,215 42,881 49,503 49,503 52,956
Costs of professional services
45,679
45,679
45,679
45,679
45,679
 27,599 31,645 42,131 40,674 40,674 41,648
Total cost of revenue
45,679
45,679
45,679
45,679
45,679
 $60,245 $65,860 $85,012 $90,177 $90,177 $94,604
Gross profit
45,679
45,679
45,679
45,679
45,679
 147,624 178,484 212,879 261,417 261,417 280,732
Sales and marketing
45,679
45,679
45,679
45,679
45,679
 84,161 90,337 120,300 144,687 144,687 151,252
Research and development
45,679
45,679
45,679
45,679
45,679
 68,172 81,602 89,921 94,844 94,844 97,544
General and administrative
45,679
45,679
45,679
45,679
45,679
 39,594 56,333 48,064 59,688 59,688 51,544
Total operating expenses
45,679
45,679
45,679
45,679
45,679
 $191,927 $228,272 $258,285 $299,219 $299,219 $300,340
Selected Year:
31-Dec
2020
Operating Income
Income after excluding Operating Expenses from Total Revenue
10.8%
10.8% —

Operating Income

Key metric that shows earnings potential of the company's business model
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Operating income
$45,679
$45,679
$45,679
$45,679
$45,679
 ($44,303) ($49,788) ($45,406) ($37,802) ($37,802) ($19,608)
Selected Year:
31-Dec
2020
Non-operating expenses
Cost usually unrelated to delivering service or manufacturing a product that business sells
0.1%
0.1% —

Other expense or income
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Other expense or income
45,679
45,679
45,679
-
-
 1,197 513 (564) (205) (205) (1,872)
Other income
-
-
-
45,679
45,679
 - - - - - -
Total non-operating income (expense)
45,679
45,679
45,679
45,679
45,679
 1,197 513 (564) (205) (205) (1,872)
Selected Year:
31-Dec
2020
Earnings before Interest and Taxes (EBIT)
Income after excluding Operating and Non-operating Expenses from Total Revenue
10.8%
10.8% —

EBIT

Another income metric but unlike Operating Income it is closer to the ultimate income metric - Net Income by removing expenses that are not related to earning Revenue as they are supposed to be accidental and transitory
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
EBIT
$45,679
$45,679
$45,679
$45,679
$45,679
 ($43,106) ($49,275) ($46,286) ($38,007) ($38,007) ($21,480)
Selected Year:
31-Dec
2020
Interest Expense and Income, Taxes
Expenses driven mostly by company management's choices, nature of business (capital intensive vs not) about financing (debt vs equity) and legal structure
3.0%
0.9% —

Interest income

0.1% —

Income tax expense or benefit

4.0% —

Interest expense
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Interest expense
45,679
45,679
45,679
45,679
45,679
 (1,845) (1,827) (6,027) (13,964) (13,964) (13,100)
Interest income
-
-
-
-
-
 586 1,278 4,657 3,282 3,282 1,800
Income before income taxes
45,679
45,679
45,679
45,679
45,679
 (44,365) (49,824) (47,340) (48,689) (48,689) (32,780)
Income tax expense or benefit
45,679
45,679
45,679
45,679
45,679
 61 247 139 (291) (291) (2,568)
Selected Year:
31-Dec
2020
Net income (loss)
Ultimate measure of Income - Net result after excluding all expenses from Total Revenue
13.8%
13.8% —

Net income (loss)

It is a residue that is left from Total Revenue after paying all kind of expenses and belongs to all equity holders in the company. Some of these shareholders such Non-controlling interest or Preferred equity gets their share before Common shareholders
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net income (loss)
$45,679
$45,679
$45,679
$45,679
$45,679
 ($44,426) ($50,071) ($47,479) ($48,398) ($48,398) ($30,212)

Basic Shares Outstanding
Basic shares outstanding as of certain dates reported by Company on its annual and quarterly filings, these numbers are NOT used calculation of basic EPS. They help to see share issuance by company in perspective
Class A
-
-
45,678,795
45,678,795
45,678,795
 32,364,250 34,859,096 38,298,548 41,638,384 41,638,384 41,638,384
Class B
-
-
45,678,795
45,678,795
45,678,795
 10,203,371 9,445,596 8,595,596 7,964,610 7,964,610 7,964,610
Selected Year:
31-Dec
2020
EPS
Net Income / Shares Outstanding = EPS before dilution or Basic EPS; Net Income/ ( Shares Outstanding + potentially available shares from conversion of various option instruments)
Selected Year:
Last Twelve Months LTM
Last Quarter Annualized LQA
Net Income per basic share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($1.07) ($1.15) ($1.03) ($1.00) ($1.00) ($0.60)
Net Income per diluted share
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
$45,678,795.00
 ($1.07) ($1.15) ($1.03) ($1.00) ($1.00) ($0.60)