Workiva Q2 Revenue Beats, Guides Above Street on Subscription Surge
WK sits 20% above its 52-week low of $43.34.
Summary
Workiva delivered a clean Q2 beat with revenue of $255M, topping the $251M consensus, driven by 19% subscription growth. Adjusted net income surged to $45M, and the company repurchased $123M in shares, signaling confidence. Guidance came in strong: Q3 revenue seen at $260M-$262M and full-year 2026 at $1.04B-$1.044B, with non-GAAP operating margin expanding to ~18%. The results underscore accelerating platform adoption and operating leverage. With shares trading at 19x forward earnings and a strong buy consensus, this print reinforces the growth narrative and could drive upward revisions.
At the time of this announcement, WK was trading at $52.00 on NYSE in the Technology sector, with a market capitalization of approximately $3.4B. The 52-week trading range was $43.34 to $97.10. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.