Workiva Q2 Earnings Call Highlights

2 weeks ago 16

MarketBeat

Sun, August 9, 2026 astatine 11:03 AM CDT 6 min read

Key Points

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Strong Q2 performance: Workiva reported gross of $255 million, up 19% twelvemonth implicit twelvemonth and supra guidance, portion non-GAAP operating borderline reached 16.8%. The institution raised full-year borderline guidance to astir 18%, achieving its 2027 people a twelvemonth early.
Healthy lawsuit and level momentum: Customers grew to 6,750, gross retention reached 97% and nett retention remained supra the 110% target. Larger contracts and multi-solution adoption increased, supported by request for reporting, compliance, sustainability and AI-governance tools.
Outlook raised: Workiva projects full-year gross of $1.040 cardinal to $1.044 billion, subscription maturation of astir 19% and free-cash-flow borderline of astir 21%. The institution repurchased $123 cardinal of shares successful Q2, with $106 cardinal remaining nether its authorization.

Workiva (NYSE:WK) reported second-quarter 2026 gross of $255 million, up 19% from a twelvemonth earlier and $3 cardinal supra the precocious extremity of its guidance range, arsenic subscription maturation and operational ratio supported higher profitability.

Subscription gross roseate 19% twelvemonth implicit twelvemonth to $236 million, portion nonrecreational services gross accrued 12% to $19 million, driven by stronger-than-expected XBRL services activity. Chief Financial Officer Barbara Larson said overseas speech had minimal interaction connected reported maturation during the quarter, contrasting with the tailwind experienced successful the anterior 4 quarters.

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The institution reported a non-GAAP operating borderline of 16.8%, exceeding the precocious extremity of its outlook by 180 ground points and improving 1,300 ground points from the 2nd 4th of 2025. Workiva raised its full-year non-GAAP operating borderline forecast to astir 18%, reaching a people antecedently included successful its 2027 operating exemplary a twelvemonth up of schedule.

Customer Growth and Contract Momentum

Workiva ended the 4th with 6,750 customers, an summation of 283 from a twelvemonth earlier. Gross retention was 97%, supra the company's 96% target, portion nett retention was 111%. Larson said constant-currency nett retention was comparatively dependable sequentially and remained supra Workiva's 110% target.

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Current remaining show obligations, which correspond gross expected to beryllium recognized implicit the adjacent 12 months, totaled $789 million, up 18% twelvemonth implicit year. The fig included an astir one-percentage-point antagonistic foreign-currency impact.

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