undamentalytics Newsletter
Sign in

Workiva Inc key statistics and ratios

In fiscal 2025, Workiva Inc had an operating margin of -4.8% and a current ratio of 1.57. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Gross margin71.1%71.0%73.0%71.5%74.4%76.6%75.9%75.5%76.7%78.5%80.2%
Operating margin−24.4%−21.3%−20.4%−15.2%−10.8%−6.6%−16.5%−15.0%−10.4%−4.8%3.3%
Net margin−24.6%−21.4%−20.5%−15.9%−13.8%−8.5%−16.9%−20.2%−7.5%−3.0%4.9%
Free-cash-flow margin−6.9%2.1%2.2%9.3%8.9%10.4%1.5%10.9%11.7%15.6%20.8%
Return on equity————−81.7%−55.0%—————
Return on assets−30.7%−29.5%−25.8%−10.9%−7.2%−5.1%−11.3%−12.5%−4.3%−1.8%3.3%
Asset turnover1.251.381.260.680.520.590.670.620.570.620.67
Current ratio0.980.890.932.462.251.021.472.081.771.571.47
Debt to equity———517.7%450.4%409.2%>999%————
Interest cover (operating income ÷ interest)n/mn/mn/mn/mn/mn/mn/mn/mn/mn/m2.5x
Effective tax rate——————————9.8%
R&D as % of revenue32.2%32.8%33.4%30.2%27.0%26.1%28.2%27.4%26.1%24.3%22.4%
Capital spending as % of revenue1.1%0.6%0.5%1.0%0.5%0.8%0.6%0.3%0.2%0.2%0.1%
Free cash flow ÷ net income——————————426.3%
Dividends and buybacks ÷ free cash flow———————0.0%0.0%51.9%96.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 3 checks passed · June 30, 2026
What it owns · $1.4bn
Short-term assets $1.1bnLonger-term assets $310m
What it owes, and who funded it · $1.5bn
Short-term liabilities $723mLonger-term liabilities $749mShareholders' equity $-97m
  • Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $723m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.1bn short-term assets against $749m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $31m against $13m of interest.

From Workiva Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

50 /100

Moderate moat

How hard Workiva's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 16.7% of total assets over 10 years.

  • Pricing power 19 / 20

    Gross margin has been a median 76.0%, moving by 2.6 percentage points (standard deviation) across 9 years.

  • Durability 10 / 20

    Operating margin has been a median -12.7%; its worst year was -26.5%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 8 of 9 years, at a median 9.2% of revenue.

  • Discipline 2 / 20

    The diluted share count rose 14.0% over five years; stock-based pay has been a median 12.9% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (65 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: PRGS vs WKWK vs YOUFRSH vs WK

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Workiva Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Workiva Inc.