Workiva Q3 revenue rises 17%, slightly beats estimates
WK•Workiva's third-quarter revenue rose 17% to $263 million, slightly above the $261.45 million consensus estimate. Adjusted net income increased to $41 million from $27 million a year earlier, and the company forecast fourth-quarter revenue of $275 million to $278 million.
1. Quarterly results
Workiva reported third-quarter revenue of $263 million, up 17% year over year and slightly above the $261.45 million analyst consensus. Adjusted net income rose to $41 million from $27 million a year earlier, while net income was $19 million.
2. Outlook and operations
The company expects fourth-quarter revenue of $275 million to $278 million and full-year 2026 revenue of $1.041 billion to $1.044 billion. It forecast a full-year non-GAAP operating margin of 18.2% to 18.3%. Subscription and support revenue grew 17%, and customers with annual contract value above $100,000 increased 20% year over year. Workiva repurchased $2 million in shares under its existing buyback plan.
