Filing Flows › Workiva (WK) › Q3 2025
Workiva (WK) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Workiva (WK) reported revenue of $224M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +4% from the quarter before. Operating margin was -1.5%, net earnings $2.8M (1.2% of revenue).
Workiva, Q3 2025: revenue $224M (+21% year over year), operating margin -1.5%, net earnings $2.8M, operating cash flow $46.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $224M | +4% | +21% |
| Operating profit | −$3.4M | — | — |
| Net earnings | $2.8M | — | — |
| Operating cash flow | $46.2M | -8% | +144% |
| Free cash flow | $46.1M | — | +147% |
What changed
Revenue was $224.2M in Q3 2025, up 21% year over year and up 4% from the previous quarter. Subscription and support was the largest line at 93% of revenue. Subscription and support added $38.5M year over year (up 23%), 100% of the total change. Other services declined 2%.
Gross margin was 79.3%, up 2.8 points from a year earlier. Operating costs exceeded revenue by $3.4M, an operating margin of -1.5%. Operating expenses grew 11% against revenue growth of 21%. The fastest-growing cost line was Sales & marketing (+13%). Net earnings were $2.8M. The effective tax rate was -29.0%. Non-operating items added $5.6M, 258% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $46.2M (up 144% year over year), 1657% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization and $30.2M of share-based compensation. Working capital and other items added $10.4M. After purchase of property and equipment ($91K), free cash flow as the company reports it was $46.1M.
Questions
What was Workiva's revenue in the third quarter 2025?
Workiva (WK) reported revenue of $224M for the third quarter 2025 (Q3 2025), +21% from a year earlier and +4% from the quarter before.
Was Workiva profitable in the third quarter 2025?
Operating loss was $3.4M (-1.5% of revenue) and net earnings $2.8M.
Source: Workiva 10-Q on SEC EDGAR.