Workiva, Inc. (WK)

NYSEInformation TechnologySoftware - ApplicationSnapshot 2026-09-09

$72.76-1.29%

Close 2026-09-09 · 1-day change

Standing thesis

The standing, falsifiable read: what has to stay true, and what would break it.

Secular growth

Warn: Primary pillar under pressure — Non-GAAP EPS reaches $2.85 to $2.95 in 2026: FY26 EPS guidance $1.21-$1.22 vs $2.85 target.

The bull case

Workiva grows revenue steadily, aiming for $1.04 billion in 2026. Profit per share is expected near $2.9. The company shows consistent quarterly revenue gains. Its valuation is below peers, offering upside.

The bear case

Workiva is still loss-making with mixed profit progress. Legal and management changes pose risks. Revenue growth may slow below analyst expectations.

What's priced in

The market prices in about 19% revenue growth and values shares roughly 14% below our fair value near $61. Our fair value is 24% below the Street median, reflecting cautious optimism.

What has to stay true

Non-GAAP EPS reaches $2.85 to $2.95 in 2026Under Pressure
Marginprimary>= $2.85 per share · FY26 (guidance)
Breaks if: Non-GAAP EPS falls below $2.7 in FY26
Consistent quarterly revenue increasesIntact
Revenue GrowthsupportingQuarterly revenue grows sequentially each quarter · next 4 quarters (qualitative)
Breaks if: Quarterly revenue declines or stagnates over two consecutive quarters
Total revenue reaches about $1.04 billion in fiscal 2026Under Pressure
Revenue Growthprimary>= $1.04 billion · FY26 (guidance)
Breaks if: Total revenue falls below $1.0 billion in FY26

Source: QuarterlyIQ research model· Written 2026-07-08· Health checked 2026-09-09· Version 1· Status: Warn· Reviewed when the evidence changes

This is not a price target or investment advice.

Current Outlook

Week of Sep 5, 2026

A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.

WK shows strong revenue growth and margin expansion, but faces high risk and expensive valuation.

What kind of bet this is

This investment represents a durable compounder with a focus on growth and margin improvement. The current thesis state is intact, supported by recent strong financial performance.

What's priced into Workiva, Inc. (WK)

The market currently prices WK at a premium compared to peers, indicating high expectations for future performance. There is an expectations gap, suggesting that investors are anticipating continued strong results.

What the fundamentals likely do

Management is on track with priorities to sustain revenue growth and expand margins. However, there is a near-term risk of missing expectations, especially given recent industry trends.

What Workiva, Inc. (WK) hinges on

The long-term thesis hinges on management's ability to maintain guidance, the Fed's interest rate decisions, and the performance of sector leaders like SAP and CRM. Any negative guidance could significantly impact sentiment.

What changed in the latest read

What changed

The most important moves since the prior daily snapshot.

Short-term · Daily

No material changes since the prior snapshot.

Yes, our read has strengthened. The latest earnings beat supports this improvement. The company achieved GAAP profitability and positive operating income. It also expects revenue of $1.041 billion in 2026. No new threats have emerged to weaken this outlook.

as of 2026-09-09

See upcoming information that could change the risk

Review the evidence to watch, what would become a concern, and what would make it less concerning.

Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.