NYSE$WK
Workiva Inc. · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Workiva demonstrated solid financial performance with revenue exceeding guidance.
Workiva reported a strong Q4 2023, exceeding revenue guidance by $2 million. The company's subscription revenue grew by 18% year-over-year, and total revenue increased by 16%. Workiva also saw a significant increase in customers with annual contract values over $300,000, demonstrating the durability of their business.
- Total revenue for Q4 2023 reached $167 million, a 16% increase year-over-year.
- Subscription and support revenue was $149 million, up 18% year-over-year.
- GAAP net loss for Q4 2023 was $4 million, an improvement from a $14 million loss in the prior year.
- Workiva had 6,034 customers as of December 31, 2023, a net increase of 370 customers from December 31, 2022.
Headline financials
Revenue & EPS history
Workiva · Revenue · Quarterly
$167M
Revenue by segment
Workiva · $158M total across 2 segments · Q3 2023
- Subscription and support$143M+20.9%90.7%
- Professional services$14.8M+3.2%9.3%
Forward guidance
Workiva provided revenue guidance for Q1 2024 to be in the range of $173 million to $175 million and FY 2024 to be in the range of $718 million to $722 million.
Tailwinds
- Total revenue is expected to be in the range of $173 million to $175 million for Q1 2024.
- Non-GAAP income from operations is expected to be in the range of $4 million to $6 million for Q1 2024.
- Non-GAAP net income per basic share is expected to be in the range of $0.15 to $0.19 for Q1 2024.
- Total revenue is expected to be in the range of $718 million to $722 million for FY 2024.
- Non-GAAP income from operations is expected to be in the range of $17 million to $21 million for FY 2024.
Headwinds
- GAAP loss from operations is expected to be in the range of $20.5 million to $18.5 million for Q1 2024.
- GAAP net loss per basic share is expected to be in the range of $0.29 to $0.25 for Q1 2024.
- Net income (loss) per basic share is based on 55.0 million weighted-average shares outstanding for Q1 2024.
- GAAP loss from operations is expected to be in the range of $85 million to $81 million for FY 2024.
- GAAP net loss per basic share is expected to be in the range of $1.28 to $1.21 for FY 2024.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2023
+1.6%
Avg return
Earnings day
+1.6%
Avg return
5 days after
+3.1%
Avg return
30 days after
56%
25 / 45 earnings
Positive
+21.1%
Q3 2020
Best reaction
-15.3%
Q4 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | -16.2% | -11.9% | |
| Q4 2025 | +3.6% | -0.3% | +2.5% | |
| Q3 2025 | +6.4% | +13.6% | +12.5% | |
| Q1 2025 | -9.7% | -8.9% | -9.5% | |
| Q4 2024 | +7.0% | +3.2% | -5.7% | |
| Q3 2024 | +10.9% | +14.4% | +24.7% | |
| Q2 2024 | -2.1% | -3.3% | +6.0% | |
| Q1 2024 | +1.7% | +2.2% | -4.1% | |
| Q4 2023 | -12.6% | -6.7% | -9.7% | |
| Q3 2023 | -6.9% | -4.1% | +2.5% | |
| Q2 2023 | +5.4% | +4.8% | +8.3% | |
| Q1 2023 | -6.7% | -4.9% | +3.9% | |
| Q4 2022 | -0.7% | -0.9% | +10.4% | |
| Q3 2022 | -6.9% | -7.9% | +13.0% | |
| Q2 2022 | +5.2% | +4.1% | -2.4% | |
| Q1 2022 | -9.2% | -20.0% | -21.5% | |
| Q4 2021 | -9.8% | -2.1% | +7.7% | |
| Q3 2021 | +8.7% | +9.9% | -11.4% | |
| Q2 2021 | +7.5% | +3.2% | +12.6% | |
| Q1 2021 | -0.5% | -0.7% | -0.3% | |
| Q4 2020 | +3.0% | -0.7% | -13.2% | |
| Q3 2020 | +21.1% | +19.8% | +35.5% | |
| Q2 2020 | +0.6% | -2.6% | -2.6% | |
| Q1 2020 | -4.0% | +1.6% | +19.2% | |
| Q4 2019 | -3.4% | -7.9% | -39.9% | |
| Q3 2019 | -6.6% | +0.2% | +6.0% | |
| Q2 2019 | +11.2% | +12.6% | -16.3% | |
| Q1 2019 | -0.6% | -0.1% | +4.7% | |
| Q4 2018 | +9.3% | +10.7% | +7.7% | |
| Q3 2018 | +16.4% | +3.1% | -0.1% | |
| Q2 2018 | +17.1% | +18.7% | +50.8% | |
| Q1 2018 | +15.0% | +20.1% | +17.2% | |
| Q4 2017 | -15.3% | -12.6% | -10.9% | |
| Q3 2017 | +0.0% | -2.2% | -6.3% | |
| Q2 2017 | +4.4% | +1.0% | +3.4% | |
| Q1 2017 | +7.8% | +6.6% | +12.6% | |
| Q4 2016 | +7.8% | +10.7% | +11.9% | |
| Q3 2016 | -10.3% | -11.9% | -17.0% | |
| Q2 2016 | +7.3% | +14.7% | +30.1% | |
| Q1 2016 | -4.4% | — | — | |
| Q4 2015 | -2.1% | — | — | |
| Q3 2015 | +7.5% | — | — | |
| Q2 2015 | +2.1% | — | — | |
| Q1 2015 | +0.1% | — | — | |
| Q4 2014 | -4.8% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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