Filing Flows › Workiva (WK) › Q1 2026
Workiva (WK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Workiva (WK) reported revenue of $247M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +4% from the quarter before. Operating margin was 6.2%, net earnings $19.0M (7.7% of revenue).
Workiva, Q1 2026: revenue $247M (+20% year over year), operating margin 6.2%, net earnings $19.0M, operating cash flow $26.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $247M | +4% | +20% |
| Gross profit | $199M | +3% | +26% |
| Operating profit | $15.3M | +95% | — |
| Net earnings | $19.0M | +61% | — |
| Operating cash flow | $26.5M | -48% | — |
| Free cash flow | $25.7M | — | — |
What changed
Revenue was $247.3M in Q1 2026, up 20% year over year and up 4% from the previous quarter. Subscription and support was the largest line at 91% of revenue. Subscription and support added $39.8M year over year (up 21%), 97% of the total change.
Gross margin was 80.4%, up 3.8 points from Q1 2025. Operating profit was $15.3M, a 6.2% margin (up 18.2 points year over year). Operating expenses grew 0% against revenue growth of 20%. Net earnings were $19.0M. The effective tax rate was 7.9%. Non-operating items added $5.3M, 26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $26.5M, 139% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $28.6M of share-based compensation. Working capital and other items used $23.6M. After purchase of property and equipment ($728K), free cash flow as the company reports it was $25.7M.
Questions
What was Workiva's revenue in the first quarter 2026?
Workiva (WK) reported revenue of $247M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +4% from the quarter before.
Was Workiva profitable in the first quarter 2026?
Operating profit was $15.3M (6.2% of revenue) and net earnings $19.0M.
Source: Workiva 10-Q on SEC EDGAR.