Workiva Inc (NYSE: WK)

Workiva is a leading AI powered platform for trust transparency and accountability. It provides a unified software as a service platform that brings together financial reporting, sustainability management, and governance risk and compliance data, enabling customers to connect data from ERP, HCM, and CRM systems and create data linked reports.

The company generates revenue primarily from subscription and support fees which accounted for approximately 92 percent of its 2025 revenue with the remainder coming from professional services. Revenue grew to $884.6 million in 2025 from $630.0 million in 2023 representing an 18 percent compound annual growth rate.

The company operates through the following segments: financial reporting, sustainability management, and governance risk and compliance.

• Financial Reporting: This segment provides solutions for statutory and regulatory reporting, including SEC and EDGAR filings, XBRL tagging, multi entity reporting, and management reporting, helping customers create accurate and compliant financial statements.

• Sustainability Management: This segment offers tools for collecting, managing, and disclosing environmental, social, and governance data supporting frameworks such as GRI, SASB, TCFD, and SDGs and enabling carbon accounting for scopes one, two, and three.

• Governance Risk and Compliance: This segment delivers capabilities for internal audit, internal controls, risk management, policy and procedure management, and enterprise risk management, assisting organizations with compliance such as SOX and internal control frameworks.

Workiva holds a leading position in the market for integrated reporting and compliance software recognized as a leader in multiple IDC MarketScape and Verdantix reports. Its competitive advantages stem from a single AI powered platform that unifies financial sustainability and GRC data strong security certifications including FedRAMP and ISO 27001 high scalability on AWS and a loyal customer base reflected in a gross retention rate of 97.2 percent and a net retention rate of 112.8 percent as of December 31 2025.

The company serves more than 6,600 organizations worldwide spanning corporations, financial services providers, public sector agencies, and energy and utilities companies. Its customer base includes over 95 percent of Fortune 100 companies, over 85 percent of Fortune 500 companies, and over 85 percent of Fortune® 1,000 companies.