Filing Flows › Workiva (WK) › Q2 2025
Workiva (WK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 31, 2025
Workiva (WK) reported revenue of $215M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +4% from the quarter before. Operating margin was -10.3%, net loss $19.4M (9.0% of revenue).
Workiva, Q2 2025: revenue $215M (+21% year over year), operating margin -10.3%, net loss $19.4M, operating cash flow $50.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $215M | +4% | +21% |
| Operating profit | −$22.1M | — | — |
| Net earnings | −$19.4M | — | — |
| Operating cash flow | $50.3M | — | — |
| Free cash flow | $49.3M | — | — |
What changed
Revenue was $215.2M in Q2 2025, up 21% year over year and up 4% from the previous quarter. Subscription and support was the largest line at 92% of revenue. Subscription and support added $37.5M year over year (up 23%), 99% of the total change. Other services declined 10%.
Gross margin was 77.0%, up 0.2 points from a year earlier. Operating costs exceeded revenue by $22.1M, an operating margin of -10.3%. Operating expenses grew 18% against revenue growth of 21%. The fastest-growing cost line was Sales & marketing (+23%). The quarter ended with a net loss of $19.4M, narrower than the previous quarter's $21.4M loss. Non-operating items added $4.4M, -25% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $50.3M. Non-cash charges added back $2.9M of depreciation and amortization and $28.5M of share-based compensation. Working capital and other items added $38.3M. After purchase of property and equipment ($1.0M), free cash flow as the company reports it was $49.3M.
Questions
What was Workiva's revenue in the second quarter 2025?
Workiva (WK) reported revenue of $215M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +4% from the quarter before.
Was Workiva profitable in the second quarter 2025?
Operating loss was $22.1M (-10.3% of revenue) and net loss $19.4M.
Source: Workiva 10-Q on SEC EDGAR.