Workiva (WK) Revenue & Revenue Breakdown
Workiva Revenue Highlights
Latest Revenue (Y)
$630.04M
Latest Revenue (Q)
$177.50M
Main Segment (Y)
License and Service
Main Geography (Y)
Americas
Workiva Revenue by Period
Workiva Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $630.04M | 17.13% |
| 2022-12-31 | $537.88M | 21.34% |
| 2021-12-31 | $443.29M | 26.08% |
| 2020-12-31 | $351.59M | 18.03% |
| 2019-12-31 | $297.89M | 21.91% |
| 2018-12-31 | $244.34M | 17.55% |
| 2017-12-31 | $207.87M | 16.36% |
| 2016-12-31 | $178.65M | 22.97% |
| 2015-12-31 | $145.27M | 28.91% |
| 2014-12-31 | $112.69M | 32.35% |
| 2013-12-31 | $85.15M | 60.85% |
| 2012-12-31 | $52.94M | 256.15% |
| 2011-12-31 | $14.86M | - |
Workiva generated $630.04M in revenue during NA 2023, up 17.13% compared to the previous quarter, and up 257.85% compared to the same period a year ago.
Workiva Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $177.50M | 1.05% |
| 2024-03-31 | $175.67M | 5.41% |
| 2023-12-31 | $166.65M | 5.36% |
| 2023-09-30 | $158.18M | 2.03% |
| 2023-06-30 | $155.02M | 3.22% |
| 2023-03-31 | $150.19M | 4.44% |
| 2022-12-31 | $143.80M | 8.25% |
| 2022-09-30 | $132.85M | 0.99% |
| 2022-06-30 | $131.55M | 1.45% |
| 2022-03-31 | $129.67M | 7.36% |
| 2021-12-31 | $120.78M | 7.18% |
| 2021-09-30 | $112.69M | 6.73% |
| 2021-06-30 | $105.59M | 1.31% |
| 2021-03-31 | $104.22M | 11.07% |
| 2020-12-31 | $93.83M | 6.51% |
| 2020-09-30 | $88.10M | 5.05% |
| 2020-06-30 | $83.86M | -2.26% |
| 2020-03-31 | $85.80M | 6.90% |
| 2019-12-31 | $80.27M | 8.20% |
| 2019-09-30 | $74.18M | 0.95% |
| 2019-06-30 | $73.48M | 5.03% |
| 2019-03-31 | $69.96M | 8.58% |
| 2018-12-31 | $64.44M | 5.85% |
| 2018-09-30 | $60.87M | 2.95% |
| 2018-06-30 | $59.13M | -1.30% |
| 2018-03-31 | $59.91M | 9.91% |
| 2017-12-31 | $54.51M | 4.68% |
| 2017-09-30 | $52.07M | 5.42% |
| 2017-06-30 | $49.39M | -4.84% |
| 2017-03-31 | $51.90M | 11.92% |
| 2016-12-31 | $46.37M | 3.72% |
| 2016-09-30 | $44.71M | 3.95% |
| 2016-06-30 | $43.01M | -3.46% |
| 2016-03-31 | $44.55M | 11.71% |
| 2015-12-31 | $39.88M | 9.96% |
| 2015-09-30 | $36.27M | 6.77% |
| 2015-06-30 | $33.97M | -3.37% |
| 2015-03-31 | $35.15M | 16.68% |
| 2014-12-31 | $30.13M | 7.92% |
| 2014-09-30 | $27.92M | 5.30% |
| 2014-06-30 | $26.51M | -5.75% |
| 2014-03-31 | $28.13M | 19.36% |
| 2013-12-31 | $23.57M | - |
Workiva generated $177.50M in revenue during Q2 2024, up 1.05% compared to the previous quarter, and up 118.19% compared to the same period a year ago.
Workiva Revenue Breakdown
Workiva Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| License and Service | $558.64M | $245.76M | - | - | - |
| XBRL Professional Services | $56.82M | $38.73M | - | - | - |
| Other Services | $14.57M | $18.04M | $19.18M | $17.68M | $13.39M |
| Professional Services | - | $72.94M | $63.95M | $55.72M | - |
Workiva's latest annual revenue breakdown by segment (product or service), as of Dec 23: License and Service (88.67%), XBRL Professional Services (9.02%), and Other Services (2.31%).
Quarterly Revenue by Product
| Product/Service | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Other Services | $2.74M | $3.10M | $3.76M | $3.20M | $3.82M | $3.79M | $4.88M | $3.62M | $4.68M | $4.86M | $5.29M | $4.78M | $4.31M | $4.80M | $4.38M | $4.45M | $4.85M | $4.01M | $4.08M | $3.39M |
| XBRL Professional Services | $14.03M | $17.59M | $14.10M | $11.55M | $14.43M | $16.73M | $13.05M | $10.63M | $13.52M | $17.69M | $11.21M | $9.00M | $10.07M | $14.49M | $8.49M | $7.80M | $8.31M | $13.43M | $10.04M | $7.77M |
| License and Service | $160.74M | $154.98M | $148.79M | $143.42M | $136.77M | $129.66M | $125.87M | $118.59M | $113.35M | $107.12M | $104.29M | $98.91M | $91.20M | $84.94M | $80.97M | $75.85M | $70.70M | $68.36M | $66.15M | $63.02M |
| Professional Services | - | - | - | - | - | - | $17.93M | $16.50M | $12.86M | - | - | - | - | - | - | - | - | - | - | - |
Workiva's latest quarterly revenue breakdown by segment (product or service), as of Jun 24: License and Service (90.55%), XBRL Professional Services (7.90%), and Other Services (1.54%).
Workiva Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Other Countries, Excluding Americas | $85.78M | $5.63M | $5.63M | $4.58M | $11.76M |
| Americas | $472.86M | $67.31M | $58.31M | $51.14M | $286.13M |
Workiva's latest annual revenue breakdown by geography, as of Dec 23: Americas (84.64%), and Other Countries, Excluding Americas (15.36%).
Workiva Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PLUS | ePlus | $2.21B | $551.76M |
| ENV | Envestnet | $1.25B | $348.27M |
| BSY | Bentley Systems | $1.23B | $330.34M |
| GWRE | Guidewire Software | $905.34M | $240.68M |
| ALRM | Alarm.com | $881.68M | $233.81M |
| PRGS | Progress Software | $694.44M | $175.08M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| WK | Workiva | $630.04M | $177.50M |
| APPF | AppFolio | $620.45M | $197.38M |
| BL | BlackLine | $590.00M | $160.51M |
| INST | Instructure | $530.21M | $170.44M |
| NCNO | nCino | $476.54M | $132.40M |
| BRZE | Braze | $471.80M | $145.50M |
| ALKT | Alkami | $264.83M | $82.16M |
| AGYS | Agilysys | $237.46M | $63.51M |
| ONTF | ON24 | $163.71M | $37.35M |
| AMSWA | American Software | $102.52M | $26.19M |
WK Revenue FAQ
What is Workiva’s yearly revenue?
Workiva's yearly revenue for 2023 was $630.04M, representing an increase of 17.13% compared to 2022. The company's yearly revenue for 2022 was $537.88M, representing an increase of 21.34% compared to 2021. WK's yearly revenue for 2021 was $443.28M, representing an increase of 26.08% compared to 2020.
What is Workiva’s quarterly revenue?
Workiva's quarterly revenue for Q2 2024 was $177.5M, a 1.05% increase from the previous quarter (Q1 2024), and a 14.50% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $175.67M, a 5.41% increase from the previous quarter (Q4 2023), and a 16.96% increase year-over-year (Q1 2023). WK's quarterly revenue for Q4 2023 was $166.65M, a 5.36% increase from the previous quarter (Q3 2023), and a 15.89% increase year-over-year (Q4 2022).
What is Workiva’s revenue growth rate?
Workiva's revenue growth rate for the last 3 years (2021-2023) was 42.13%, and for the last 5 years (2019-2023) was 111.50%.
What are Workiva’s revenue streams?
Workiva's revenue streams in c 23 are License and Service, XBRL Professional Services, and Other Services. License and Service generated $558.64M in revenue, accounting 88.67% of the company's total revenue, up 127.31% year-over-year. XBRL Professional Services generated $56.82M in revenue, accounting 9.02% of the company's total revenue, up 46.69% year-over-year. Other Services generated $14.57M in revenue, accounting 2.31% of the company's total revenue, down -19.23% year-over-year.
What is Workiva’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Workiva was License and Service. This segment made a revenue of $558.64M, representing 88.67% of the company's total revenue.