Workiva Stock Earnings Reports

Workiva reported a strong Q1 2026 with total revenue of $247 million, up 20% year-over-year, and subscription revenue of $225 million, up 21%. The company beat the high end of revenue guidance by $1 million and delivered significant profitability improvement: non-GAAP operating margin of 18.4% (a 1,600 bps improvement year-over-year) and gross margin expansion. Key commercial highlights include growth in large contract cohorts (contracts >$300k up 38% and >$500k up 39% year-over-year), 6,665 customers (+280 YoY), 97% gross retention, and 112% net retention. Current RPO was $765 million, up 20% YoY. Workiva continues to win multi-solution deals across financial reporting, GRC and sustainability, with several mid- to multi-6-figure new logos and expansions often delivered via Big 4 or regional partners. The company is accelerating AI-enabled product innovation (GRC Flowchart Visualizer, sustainability AI agent for IFRS, internal tie-out agents) and positions AI as a differentiator emphasizing trust, traceability and audit readiness. Management reiterated a dual focus on durable top-line growth and profitable scale, highlighted go-to-market reshaping under new CRO Michael Pinto, and continued share repurchases ($50M in Q1, $122M total repurchased to date under a $350M program). Guidance: Q2 revenue $250M–$252M; Q2 non-GAAP operating margin 14.5%–15.0%. Full-year 2026 revenue raised slightly to $1.037B–$1.041B, subscription revenue growth expected ~19%, non-GAAP operating margin raised to 16.0%–16.5%, and free cash flow margin now ~20%. Management views potential SEC semiannual reporting as a non-event for Workiva because its value proposition extends beyond filing cadence.