WK
Workiva Inc.

Workiva Inc.WK

Technology · Software - Application
72.76USD
-14.90%
Nov 09, 2026
WK overview ready
Connected Cloud Reporting and Compliance Platform for Enterprises
Workiva is a direct SaaS provider of connected reporting, disclosure, sustainability-management and GRC workflows for finance, sustainability, risk and audit teams.
Primary theme is leading
Finance, Tax & Accounting Software is leading (+18.9pp vs SPY over 21 sessions; 5 of 6 members ahead of SPY).
Price action is under distribution
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Competition from larger enterprise software providers.
Market Nov 6Filing Sep 30Price action Nov 8Research Sep 8

Conviction Level

PriceAction7.4BusinessPerformance5.0BusinessQuality5.1Valuation3.9ThemeMomentum9.0Mixed — Revenue is still growing (+17% YoY), but growth has slowed for 2 consecutive quarters, down from +20%. Diluted EPS is up 600% year over year at $0.35. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
vs SPY
+18.9pp
Theme return
+13.9%
Beating SPY
5 of 6
21 sessions to Nov 6, 2026 · Theme Leadership V2
Price
Loading price history…

Price Action

Price action is under distribution
Longer-term context reads early recovery, with a near-term setup of constructive pullback.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$4.1B
Avg Volume (60D)
1.2M
60 sessions
Revenue Growth YoY
+19.7%
FY2025 vs FY2024
Gross Margin
+80.6%
Trailing twelve months
Operating Margin
+5.2%
Trailing twelve months
Free Cash Flow Yield
+5.5%
Distance from 200DMA
+15.8%
P/E
64.6x
EV / EBITDA
63.0x
EV / Sales
4.0x
Market metrics as of Nov 6, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue is still growing (+17% YoY), but growth has slowed for 2 consecutive quarters, down from +20%. Diluted EPS is up 600% year over year at $0.35.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthSlowing
+17%
$263M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +20%
  2. +20%
  3. +19%
  4. +17%
Earnings growthGrowing
+600%
Diluted EPS $0.35 vs $0.05 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginExpanding
6.8%
+8.3 pp YoY · gross margin 81.1% (+1.8 pp)

Business Quality

5.1 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

Two of the three valuation perspectives say fair; intrinsic is the dissenting view.
Workiva Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

What changed

  • WK fell 14.9% in one session
    WK closed -14.9% while the broad market was close to flat (+0.3%).
    2026-11-06

Company Research

Thesis
Workiva is a direct SaaS provider of connected reporting, disclosure, sustainability-management and GRC workflows for finance, sustainability, risk and audit teams. WK has a genuine, company-independent thematic fit to modernization of mandatory corporate reporting and audit-ready compliance workflows.
Opportunity
Moderate opportunity
Enterprise adoption of connected, audit-ready cloud systems that automate financial reporting, regulated disclosures, sustainability reporting, controls, and the evidence trails supporting assurance.
Key risk
Competition from larger enterprise software providers.

Economic classification

Loading the economic classification…

Business & Markets

Technology · Software - Application
What they do

Workiva Inc. provides a cloud-based platform that enables connected, audit-ready reporting and compliance solutions by integrating data from multiple enterprise systems for various organizational functions.

How it earns

The company generates revenue primarily through subscription-based SaaS licenses for its cloud reporting and compliance platform.

Products & services
Workiva platform
Cloud-based reporting solutions
Audit trail services
Data linking and transformation capabilities
Customers & end markets
Public and private companies
Government agencies
Higher-education institutions
Market position

Workiva is a leader in SaaS solutions for connected corporate reporting, disclosure, and compliance workflows.

Demand drivers
Low cyclicality

Demand is driven by regulatory and compliance requirements which are relatively stable across economic cycles.