Workiva Inc. Class A (WK)

Workiva's stock experienced a 13% decline in May 2025 due to weak first-quarter results and reduced guidance. In August 2025, shares surged by 26.5% following strong second-quarter results. Earlier in August 2025, the stock dropped due to tariff concerns. In September 2025, Irenic Capital Management disclosed a stake and advocated for changes, leading to a 1.8% stock rise. Workiva announced the date for its third-quarter 2025 financial release in October 2025.

Workiva experiences some demand seasonality, with Q1 impacting its operating margin. In Q2 2025, services revenue was anticipated to be flat, and demand for sustainability solutions softened. However, the company remains optimistic about long-term sustainability reporting demand and has demonstrated consistent subscription revenue growth. Workiva notes strong demand across its total addressable market for solutions that streamline data management, reporting processes, reduce risk, and enhance return on investment.

Workiva, Inc. (WK) provides cloud-based reporting solutions through its Workiva platform, which streamlines financial reporting, ESG initiatives, and GRC processes. Its offerings include solutions for financial reporting, risk and compliance, and sustainability, integrating with various ERP, HCM, and CRM systems. The platform is built on Amazon Web Services (AWS).

Workiva's platform is deployed globally, serving customers in the Americas and internationally. The company has multiple office locations, with its headquarters in Ames, Iowa.

Workiva maintains a strong brand reputation, recognized as a Leader by G2 users in areas like Sustainability Management, Financial Close Management, and Audit Management. The company's focus on AI positively impacts its reputation. The emergence of activist investor Irenic Capital Management, pushing for changes due to perceived underperformance, presented a challenge but also highlighted the company's underlying value.

Workiva's ownership is primarily institutional, holding approximately 83.49% of the stock. Insiders hold about 12.75%, and retail investors account for 3.76%. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., and T. Rowe Price Investment Management, Inc. The largest individual shareholder is Jerome M. Behar, owning 5.74% of the company.