Workiva, Inc. (WK)

NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-10-23

$85.80+0.89%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Workiva, Inc.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

0.0%

+10% or more+5%0%−5%−10% or less

4.05 → 4.05 EPS · FY ending Dec 31, 2027 · 6 analysts

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

Change in the same fiscal period’s mean EPS estimate from Sep 24, 2026 to Oct 24, 2026: (new ÷ prior − 1). Contributor count changed from 6 to 6; this is not the number of analysts revising. Source: FMP consensus snapshots. The ±10% axis is a display range.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q3
Revenue	$260M–$262M	—
Operating margin	17%–17.5%non-GAAP 4.2%–4.8%GAAP	—
FY 2026 · Q4
Revenue	—	278.03M
EPS	—	1.026
FY 2026 · Annual
Revenue	$1.04B–$1.04B	1.04B
EPS	—	3.359
Operating margin	About 18%non-GAAP 5.7%–5.8%GAAP	—
FY 2027 · Annual
Revenue	—	1.2B
EPS	—	4.05

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Non-GAAP EPS reaches $2.85 to $2.95 in 2026	A primary condition in Workiva, Inc.'s published investment case. The stated target is >= $2.85 per share.	Under Pressure	Non-GAAP EPS falls below $2.7 in FY26	Direct metric needs a verified mapping The published measure or accounting basis is not supported by an exact source binding. Source date unavailableLast status assessment Oct 24, 2026Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Consistent quarterly revenue increases	The company shows consistent quarterly revenue gains.	Intact	Quarterly revenue declines or stagnates over two consecutive quarters	Revenue: $255.29M FY2026-Q2; GAAP. Published target: Quarterly revenue grows sequentially each quarter. Target period is not explicitly aligned with this observation. Source published Aug 4, 2026255,290,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: cb695be7-473c-4de1-a83c-1153afb95e8d. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
Total revenue reaches about $1.04 billion in fiscal 2026	A primary condition in Workiva, Inc.'s published investment case. The stated target is >= $1.04 billion.	Under Pressure	Total revenue falls below $1.0 billion in FY26	Revenue: $255.29M FY2026-Q2; GAAP. Published target: >= $1.04 billion. Target period is not explicitly aligned with this observation. Source published Aug 4, 2026255,290,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: cb695be7-473c-4de1-a83c-1153afb95e8d. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPS$4.05

$3.49 → $4.05 · observed estimates

FY2027 revenue$1.20B

$1.20B → $1.20B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$3.49	$1,199,453,895	6 / 8
2026-07-25	$3.49	$1,199,507,190	11 / 11
2026-07-26	$3.49	$1,199,507,190	11 / 11
2026-07-27	$3.49	$1,199,507,190	11 / 11
2026-07-28	$3.49	$1,199,507,190	11 / 11
2026-07-29	$3.49	$1,199,507,190	11 / 11
2026-07-30	$3.49	$1,199,507,190	11 / 11
2026-07-31	$3.49	$1,199,507,190	11 / 11
2026-08-01	$3.49	$1,199,462,986	6 / 8
2026-08-02	$3.49	$1,199,462,986	6 / 8
2026-08-03	$3.49	$1,199,507,190	11 / 11
2026-08-04	$3.49	$1,199,462,986	6 / 8
2026-08-05	$3.49	$1,199,462,986	6 / 8
2026-08-06	$3.49	$1,199,507,190	11 / 11
2026-08-08	$4.05	$1,203,191,950	11 / 11
2026-08-09	$4.05	$1,203,146,045	6 / 8
2026-08-10	$4.05	$1,203,146,045	6 / 8
2026-08-12	$4.05	$1,203,146,045	6 / 8
2026-08-13	$4.05	$1,203,191,950	11 / 11
2026-08-14	$4.05	$1,203,146,045	6 / 8
2026-08-15	$4.05	$1,203,146,045	6 / 8
2026-08-16	$4.05	$1,203,146,045	6 / 8
2026-08-17	$4.05	$1,203,146,045	6 / 8
2026-08-18	$4.05	$1,203,146,045	6 / 8
2026-08-19	$4.05	$1,203,146,045	6 / 8
2026-08-20	$4.05	$1,203,138,045	6 / 8
2026-08-21	$4.05	$1,203,138,045	6 / 8
2026-08-22	$4.05	$1,203,138,045	6 / 8
2026-08-23	$4.05	$1,203,138,045	6 / 8
2026-08-24	$4.05	$1,203,138,045	6 / 8
2026-08-25	$4.05	$1,203,138,045	6 / 8
2026-08-26	$4.05	$1,203,138,045	6 / 8
2026-08-27	$4.05	$1,203,138,045	6 / 8
2026-08-28	$4.05	$1,203,138,045	6 / 8
2026-08-29	$4.05	$1,203,138,045	6 / 8
2026-08-30	$4.05	$1,203,138,045	6 / 8
2026-08-31	$4.05	$1,203,138,045	6 / 8
2026-09-01	$4.05	$1,203,138,045	6 / 8
2026-09-02	$4.05	$1,203,138,045	6 / 8
2026-09-03	$4.05	$1,203,138,045	6 / 8
2026-09-04	$4.05	$1,203,138,045	6 / 8
2026-09-05	$4.05	$1,203,138,045	6 / 8
2026-09-06	$4.05	$1,203,138,045	6 / 8
2026-09-07	$4.05	$1,203,138,045	6 / 8
2026-09-08	$4.05	$1,203,138,045	6 / 8
2026-09-09	$4.05	$1,203,138,045	6 / 8
2026-09-10	$4.05	$1,203,138,045	6 / 8
2026-09-11	$4.05	$1,203,138,045	6 / 8
2026-09-12	$4.05	$1,203,136,408	6 / 8
2026-09-13	$4.05	$1,203,136,408	6 / 8
2026-09-14	$4.05	$1,203,136,408	6 / 8
2026-09-15	$4.05	$1,203,136,408	6 / 8
2026-09-16	$4.05	$1,203,136,408	6 / 8
2026-09-17	$4.05	$1,203,092,590	6 / 8
2026-09-18	$4.05	$1,203,092,590	6 / 8
2026-09-19	$4.05	$1,203,092,590	6 / 8
2026-09-20	$4.05	$1,203,092,590	6 / 8
2026-09-21	$4.05	$1,203,092,590	6 / 8
2026-09-22	$4.05	$1,203,092,590	6 / 8
2026-09-23	$4.05	$1,203,092,590	6 / 8
2026-09-24	$4.05	$1,203,092,590	6 / 8
2026-09-25	$4.05	$1,203,092,590	6 / 8
2026-09-26	$4.05	$1,203,092,590	6 / 8
2026-09-27	$4.05	$1,203,092,590	6 / 8
2026-09-28	$4.05	$1,203,092,590	6 / 8
2026-09-29	$4.05	$1,203,092,590	6 / 8
2026-09-30	$4.05	$1,203,092,590	6 / 8
2026-10-01	$4.05	$1,203,092,590	6 / 8
2026-10-02	$4.05	$1,203,092,590	6 / 8
2026-10-03	$4.05	$1,203,092,590	6 / 8
2026-10-04	$4.05	$1,203,092,590	6 / 8
2026-10-05	$4.05	$1,203,092,590	6 / 8
2026-10-06	$4.05	$1,203,092,590	6 / 8
2026-10-07	$4.05	$1,203,092,590	6 / 8
2026-10-08	$4.05	$1,203,092,590	6 / 8
2026-10-09	$4.05	$1,203,092,590	6 / 8
2026-10-10	$4.05	$1,203,092,590	6 / 8
2026-10-11	$4.05	$1,203,092,590	6 / 8
2026-10-12	$4.05	$1,203,092,590	6 / 8
2026-10-13	$4.05	$1,203,092,590	6 / 8
2026-10-14	$4.05	$1,203,092,590	6 / 8
2026-10-15	$4.05	$1,203,092,590	6 / 8
2026-10-16	$4.05	$1,203,092,590	6 / 8
2026-10-17	$4.05	$1,203,092,590	6 / 8
2026-10-18	$4.05	$1,203,092,590	6 / 8
2026-10-19	$4.05	$1,203,092,590	6 / 8
2026-10-20	$4.05	$1,203,092,590	6 / 8
2026-10-21	$4.05	$1,203,138,045	6 / 8
2026-10-22	$4.05	$1,203,138,045	6 / 8
2026-10-23	$4.05	$1,203,138,045	6 / 8
2026-10-24	$4.05	$1,203,138,045	6 / 8

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold	Sell*
2026-05-01	12	0	0
2026-06-01	12	0	0
2026-07-01	12	0	0
2026-08-01	11	0	0
2026-09-01	11	0	0
2026-10-01	11	0	0

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 11 Buy / Strong Buy · 0 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades0 maintains

Recent actions · Sep 25–Oct 24 · 0 recorded

Price-target changes

30 days

Individual price-target observations are unavailable.

0 raises · 0 cuts · 0 unchanged · 0 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Non-GAAP EPS reaches $2.85 to $2.95 in 2026Published status: Under Pressure
Consistent quarterly revenue increasesRevenue: $255.29M
Total revenue reaches about $1.04 billion in fiscal 2026Published status: Under Pressure

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

2.1%Typical daily move · historical

Downside history

-52.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Workiva, Inc. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

WK is a growth-oriented software business with strong recent performance, rather than a turnaround. Its long-term thesis is intact, though the risk label has risen from elevated to high.

What's priced into Workiva, Inc.

WK trades at a 1.53 premium to peers, and the evidence characterizes its valuation as expensive. The expectations gap is negative at 0.14, while priced-in fragility is low and the valuation is tagged as justified, suggesting expectations are demanding but not flagged as unusually fragile.

What the fundamentals likely do

Near term, revenue grew 19% year over year in the second quarter, and customer growth and expansion among larger customers support management’s stated priorities. The reported non-GAAP operating margin rose 1,300 basis points year over year, though it was lower than in the first quarter. Two recent earnings beats support execution, but peer misses and a deep miss in WK’s recent history make the next guidance update important.

What Workiva, Inc. hinges on

A guidance cut on the next call would be a meaningful negative and could lead analysts to reduce estimates. Fed rate cuts or continued strong results and guidance from sector peers such as SAP, CRM, and NOW would be favorable sector signals, though they would not resolve company-specific execution risk.