Business Wire·Nov 5, 2025, 4:05 PM ET

Workiva Inc. Announces Third Quarter 2025 Financial Results

Workiva reported total Q3 2025 revenue of $224 million, a 21% year-over-year increase from $186 million in Q3 2024.
Subscription and support revenue reached $210 million, up 23% from the prior year quarter.
GAAP operating margin was (1.5)%, while non-GAAP operating margin improved to 12.7% compared to 4.1% in Q3 2024.
GAAP net income for the quarter was $3 million, a significant turnaround from a $17 million net loss in the prior year period.
Non-GAAP net income rose to $35 million from $12 million in the same quarter of the previous year.
Customers with annual contract value over $500,000 grew 42% year-over-year to 236 accounts.
Workiva repurchased $10 million of Class A common stock in Q3 2025 under its $100 million share repurchase plan.
Total cash, cash equivalents, and marketable securities stood at $857 million as of September 30, 2025.
The company raised its full-year 2025 revenue guidance to $880–$882 million and non-GAAP operating margin guidance to 9.2%–9.4%.
Q4 2025 revenue is projected between $234 million and $236 million with a non-GAAP operating margin of 16.7%–17.5%.
Chief Sales Officer Michael Hawkins announced his departure after 15 years with the company, effective end of December 2025.
Michael Pinto was appointed as Chief Revenue Officer, effective November 6, 2025.