Filing Flows › Workiva (WK) › Q1 2025
Workiva (WK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Workiva (WK) reported revenue of $206M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +3% from the quarter before. Operating margin was -12.0%, net loss $21.4M (10.4% of revenue).
Workiva, Q1 2025: revenue $206M (+17% year over year), operating margin -12.0%, net loss $21.4M, operating cash flow −$7.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $206M | +3% | +17% |
| Operating profit | −$24.8M | — | — |
| Net earnings | −$21.4M | — | — |
| Operating cash flow | −$7.4M | — | — |
What changed
Revenue was $206.3M in Q1 2025, up 17% year over year and up 3% from the previous quarter. Subscription and support was the largest line at 90% of revenue. Subscription and support added $30.5M year over year (up 20%), 100% of the total change. Other services declined 9%.
Gross margin was 76.6%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $24.8M, an operating margin of -12.0%. Operating expenses grew 20% against revenue growth of 17%. The fastest-growing cost line was Sales & marketing (+23%). The quarter ended with a net loss of $21.4M, wider than the previous quarter's $8.8M loss. Non-operating items added $5.3M, -27% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$7.4M. Non-cash charges added back $2.9M of depreciation and amortization and $27.9M of share-based compensation. Working capital and other items used $16.8M. Capital expenditures of $763K exceeded it, leaving free cash flow of −$8.1M.
Questions
What was Workiva's revenue in the first quarter 2025?
Workiva (WK) reported revenue of $206M for the first quarter 2025 (Q1 2025), +17% from a year earlier and +3% from the quarter before.
Was Workiva profitable in the first quarter 2025?
Operating loss was $24.8M (-12.0% of revenue) and net loss $21.4M.
Source: Workiva 10-Q on SEC EDGAR.