Overview

* Workiva Q3 2025 revenue grows 21% yr/yr, beating analyst expectations

* Subscription & support revenue increased 23% over Q3 2024

* Company repurchased $10 mln of Class A common stock in Q3 2025

Outlook

* Workiva ( WK ) expects Q4 revenue between $234 mln and $236 mln

* Company forecasts FY 2025 revenue between $880 mln and $882 mln

* Workiva ( WK ) raises FY 2025 non-GAAP operating margin target by 400 basis points

Result Drivers

* SUBSCRIPTION REVENUE GROWTH - Workiva ( WK ) saw a 23% increase in subscription and support revenue, driven by demand across its solution portfolio

* OPERATING MARGIN IMPROVEMENT - Non-GAAP operating margin improved to 12.7% from 4.1% in the previous year, attributed to focus on profitable growth

* LARGE CONTRACTS - Customers with annual contract value over $500,000 grew 42% year-over-year, supporting revenue growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $224 mln $219.10

Revenue mln (9

Analysts

)

Q3 $35 mln

Adjusted

Net

Income

Q3 Net $3 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the software peer group is "buy."

* Wall Street's median 12-month price target for Workiva Inc ( WK ) is $96.00, about 14.7% above its November 4 closing price of $81.87

* The stock recently traded at 45 times the next 12-month earnings vs. a P/E of 44 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)