Workiva (WK) Research & Development (2013 - 2026)
Workiva (WK) recorded Research & Development of $57.5 million in Q2 2026, up 4.8% from $54.84 million a year earlier and up 8.7% from the prior quarter.
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Analysis
Workiva (WK) Research & Development (2013 - 2026) Analysis & Trends
On a TTM basis, Workiva's Research & Development came in at $216.63 million as of Jun 30, 2026, up 4.3% year-over-year; for FY2025, it was $214.84 million, up 11.4% from FY2024.
- Annual Research & Development has increased for 13 straight years, with a five-year compound annual growth rate of 17.8% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $192.94 million in FY2024 (+11.7%), $172.79 million in FY2023 (+13.9%), $151.72 million in FY2022 (+31.1%) and $115.74 million in FY2021 (+22.0%).
- The Q2 2026 figure is the highest quarterly Research & Development in data going back to Q1 2013.
- On a year-over-year basis, Research & Development rose in seven of the last eight quarters, with growth averaging 10.5%.
- Peak year-over-year performance for Research & Development in the last five years was growth of 40.8% in Q2 2022, against a decline of 1.6% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $52.91 million (Q1 2026), $54.82 million (Q4 2025) and $51.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 192.51 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 2.40 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -2.14 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 1.69 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 915.00 Mn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 265.90 Mn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 23.10 Mn |
| 10 | Workiva | 3.69 Bn | 263.06 Mn | 205.27 Mn | 57.50 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 57.50 Mn |
| Mar 31, 2026 | 52.91 Mn |
| Dec 31, 2025 | 54.82 Mn |
| Sep 30, 2025 | 51.40 Mn |
| Jun 30, 2025 | 54.84 Mn |
| Mar 31, 2025 | 53.78 Mn |
| Dec 31, 2024 | 50.61 Mn |
| Sep 30, 2024 | 48.43 Mn |
| Jun 30, 2024 | 48.41 Mn |
| Mar 31, 2024 | 45.50 Mn |
| Dec 31, 2023 | 42.56 Mn |
| Sep 30, 2023 | 41.75 Mn |
| Jun 30, 2023 | 42.70 Mn |
| Mar 31, 2023 | 45.79 Mn |
| Dec 31, 2022 | 38.07 Mn |
| Sep 30, 2022 | 38.58 Mn |
| Jun 30, 2022 | 39.18 Mn |
| Mar 31, 2022 | 35.88 Mn |
| Dec 31, 2021 | 31.43 Mn |
| Sep 30, 2021 | 29.84 Mn |
API Access
Workiva Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=WK&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "WK", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=WK&period=max&api_key=YOUR_API_KEY");
const data = await res.json();