Business Wire·Aug 4, 2026, 4:05 PM ET

Workiva Announces Second Quarter 2026 Financial Results

Workiva reported fiscal Q2 2026 total revenue of $255 million, a 19% increase year-over-year.
Subscription and support revenue reached $236 million, also up 19% compared to the prior year quarter.
GAAP operating margin was 4.6%, while non-GAAP operating margin was 16.8%, beating guidance by 180 basis points.
The company achieved GAAP net income of $13 million per quarter, reversing a net loss of $19 million in the same period last year.
Non-GAAP net income for the quarter was $45 million, or $0.77 per diluted share, compared to $11 million in the prior year.
Operating cash flow was $78 million, with free cash flow also at $78 million for the quarter.
Workiva repurchased $123 million of Class A common stock during the quarter, leaving $106 million available under the plan.
The customer base grew to 6,750 as of June 30, 2026, with a gross retention rate of 97% and a net retention rate of 111%.
The number of customers with an annual contract value over $100,000 increased 20% to 2,690.
Liquidity as of June 30, 2026, included $815 million in cash, cash equivalents, and marketable securities.
Q3 2026 total revenue is guided to be between $260 million and $262 million.
Full year 2026 total revenue is expected to range from $1.040 billion to $1.044 billion.
The company expects to achieve its 2027 medium-term non-GAAP operating margin target of 18% a full year ahead of schedule.
Workiva announced a strategic shift to an "agentic-first" platform to accelerate reporting outcomes for customers.