Workiva Announces Fourth Quarter and Full Year 2018 Financial Results

Q4 Subscription and Support Revenue of $53.8 Million, up 18.1% from Q4 2017

Q4 Total Revenue of $64.4 Million, up 18.2% from Q4 2017

Full Year 2018 Total Revenue of $244.3 Million, up 17.5% from 2017

AMES, Iowa - February 20, 2019 — Workiva (NYSE:WK), the leading cloud provider of connected data, reporting and compliance solutions, today announced financial results for its fourth quarter and full year ended December 31, 2018.

“We posted strong results for the fourth quarter and full year 2018,” said Marty Vanderploeg, CEO of Workiva. “Operating margin improved significantly in the quarter, and we outperformed our guidance for revenue, operating loss and loss per share. We remain committed to achieving profitable growth over time.”

“The significant operating efficiencies we gained in 2018 are enabling us to accelerate growth investments in 2019 in integrated risk, European financial reporting and compliance, and global statutory reporting,” said Vanderploeg.

“We expect cash flow from operations to improve significantly in 2019,” said Stuart Miller, CFO of Workiva. “Our guidance on operating margin reflects the investments in growth we plan to make in 2019.”

“Wdesk is the only cloud platform that provides data assurance and connected reporting throughout the entire reporting process — from ERP transactional data to final reports,” said Vanderploeg. “As customers add more use cases in Wdesk, the value of our connected reporting platform becomes more powerful.”


Fourth Quarter 2018 Financial Highlights

  • Revenue: Total revenue for the fourth quarter of 2018 reached $64.4 million, an increase of 18.2% from $54.5 million in the fourth quarter of 2017. Subscription and support revenue contributed $53.8 million, up 18.1% versus the fourth quarter of 2017. Professional services revenue was $10.7 million, an increase of 19.0% compared to the same quarter in the prior year.
  • Gross Profit: GAAP gross profit for the fourth quarter of 2018 was $47.0 million compared with $38.4 million in the same quarter of 2017. GAAP gross margin was 73.0% versus 70.5% in the fourth quarter of 2017. Non-GAAP gross profit for the fourth quarter of 2018 was $47.4 million, an increase of 22.1% compared with the prior year's fourth quarter, and non-GAAP gross margin was 73.5% compared to 71.1% in the fourth quarter of 2017.
  • Loss from Operations: GAAP loss from operations for the fourth quarter of 2018 was $7.8 million compared with a loss of $14.7 million in the prior year's fourth quarter. Non-GAAP loss from operations was $0.3 million, compared with non-GAAP loss from operations of $8.4 million in the fourth quarter of 2017. Adoption of ASC 606 caused loss from operations to be $4.5 million less for the fourth quarter of 2018 than what would have been recognized under the legacy standard.
  • Net Loss: GAAP net loss for the fourth quarter of 2018 was $7.7 million compared with a net loss of $14.3 million for the prior year's fourth quarter. GAAP net loss per basic and diluted share was $0.17 compared with a net loss per basic and diluted share of $0.34 in the fourth quarter of 2017.
  • Non-GAAP net loss for the fourth quarter of 2018 was $0.2 million compared with a net loss of $8.0 million in the prior year's fourth quarter. Non-GAAP net loss per basic and diluted share was $0.00 compared with a net loss per basic and diluted share of $0.19 in the fourth quarter of 2017.
  • Balance Sheet: As of December 31, 2018, Workiva had cash, cash equivalents and marketable securities totaling $98.3 million, compared with $97.0 million as of September 30, 2018. Financing obligations totaled $18.4 million as of December 31, 2018.

  • Key Metrics and Recent Business Highlights

  • Customers: Workiva had 3,340 customers as of December 31, 2018, a net increase of 277 customers from December 31, 2017.
  • Revenue Retention Rate: As of December 31, 2018, Workiva's revenue retention rate (excluding add-on revenue) was 96.1%, and the revenue retention rate including add-on revenue was 107.1%. Add-on revenue includes changes for existing customers in new solutions, new seats and pricing. Revenue retention rates are calculated using the legacy accounting standard ASC 605. Revenue retention rates will be calculated using ASC 606 when comparable data becomes available.
  • Large Contracts: As of December 31, 2018, Workiva had 443 customers with an annual contract value (ACV) of more than $100,000, up 36.7% from 324 customers at December 31, 2017. Workiva had 190 customers with an ACV of more than $150,000, up 30.1% from 146 customers in the fourth quarter of 2017.
  • Fortune's Best Workplaces: Workiva was named one of the FORTUNE 100 Best Companies to Work For® in 2019 by research firm Great Place to Work and FORTUNE magazine. Workiva was also named to FORTUNE's 2019 Best Workplaces in Technology list.

  • Full Year 2018 Financial Highlights

  • Revenue: Total revenue for the full year 2018 was $244.3 million, an increase of 17.5% compared with $207.9 million in the prior year. Subscription and support revenue was $200.4 million, an increase of 18.4% on a year-over-year basis.
  • Gross Profit: GAAP gross profit for 2018 was $178.5 million compared with $147.6 million in the prior year. GAAP gross margin was 73.0% in 2018. Non-GAAP gross profit was $179.8 million, an increase of 20.8% compared with the prior year, and non-GAAP gross margin was 73.6%.
  • Loss from Operations: GAAP loss from operations for the full year 2018 was $49.8 million compared with a loss of $44.3 million in the prior year. Non-GAAP loss from operations was $13.0 million compared with a loss of $24.8 million in 2017.
  • Net Loss: GAAP net loss for 2018 was $50.1 million compared with a net loss of $44.4 million in the prior year. GAAP net loss per share was $1.15 based on 43.6 million weighted-average shares outstanding compared with a loss per share of $1.07 based on 41.6 million weighted-average shares outstanding in 2017.
  • Non-GAAP net loss for 2018 was $13.3 million compared with a net loss of $25.0 million in the prior year. Non-GAAP net loss per share was $0.31 based on 43.6 million weighted-average shares outstanding compared with a non-GAAP net loss per share of $0.60 based on 41.6 million weighted-average shares in 2017.
  • Cash Flow: Net cash provided by operating activities was $6.4 million in 2018, compared to cash provided by operating activities of $5.5 million in 2017.

  • Financial Outlook

    As of February 20, 2019, Workiva is providing guidance for its first quarter 2019 and full year 2019 as follows:

    First Quarter 2019 Guidance:

  • Total revenue is expected to be in the range of $68.8 million to $69.3 million.
  • GAAP loss from operations is expected to be in the range of $9.5 million to $10.0 million.
  • Non-GAAP loss from operations is expected to be in the range of $1.5 million to $2.0 million.
  • GAAP net loss per basic and diluted share is expected to be in the range of $0.22 to $0.23.
  • Non-GAAP net loss per basic and diluted share is expected to be in the range of $0.04 to $0.05.
  • Net loss per basic and diluted share is based on 45.0 million weighted-average shares outstanding.

  • Full Year 2019 Guidance:

  • Total revenue is expected to be in the range of $282.5 million to $284.5 million.
  • GAAP loss from operations is expected to be in the range of $49.5 million to $51.5 million.
  • Non-GAAP loss from operations is expected to be in the range of $15.0 million to $17.0 million.
  • GAAP net loss per basic and diluted share is expected to be in the range of $1.10 to $1.15.
  • Non-GAAP net loss per basic and diluted share is expected to be in the range of $0.34 to $0.39.
  • Net loss per basic and diluted share is based on 45.7 million weighted-average shares outstanding.

  • Quarterly Conference Call

    Workiva will host a conference call today at 5:00 p.m. ET to review the Company’s financial results for the fourth quarter and full year 2018, in addition to discussing the Company’s outlook for the first quarter and full year 2019. To access this call, dial 833-287-0800 (domestic) or 647-689-4459 (international). The conference ID is 7068028. A live webcast of the conference call will be accessible in the “Investor Relations” section of Workiva’s website at www.workiva.com. A replay of this conference call can also be accessed through February 27, 2019 at 800-585-8367 (domestic) or 416-621-4642 (international). The replay pass code is 7068028. An archived webcast of this conference call will also be available an hour after the completion of the call in the “Investor Relations” section of the Company’s website at www.workiva.com.


    About Workiva

    Workiva, the leading cloud provider of connected data, reporting and compliance solutions, is used by thousands of enterprises across 180 countries, including more than 75 percent of Fortune 500® companies, and by government agencies. Our customers have linked over five billion data elements to trust their data, reduce risk and save time. For more information about Workiva (NYSE:WK), please visit workiva.com.

  • Read the Workiva blog: www.workiva.com/blog
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    Non-GAAP Financial Measures

    The non-GAAP adjustments referenced herein relate to the exclusion of stock-based compensation and CEO separation expense. A reconciliation of GAAP to non-GAAP historical financial measures has been provided in Table I at the end of this press release. A reconciliation of GAAP to non-GAAP guidance has been provided in Table II at the end of this press release.

    Workiva believes that the use of non-GAAP gross profit and gross margin, non-GAAP loss from operations, non-GAAP net loss and non-GAAP net loss per share is helpful to its investors. These measures, which are referred to as non-GAAP financial measures, are not prepared in accordance with generally accepted accounting principles in the United States, or GAAP. Non-GAAP gross profit is calculated by excluding stock-based compensation expense attributable to cost of revenues from gross profit. Non-GAAP gross margin is the ratio calculated by dividing non-GAAP gross profit by revenues. Non-GAAP loss from operations is calculated by excluding stock-based compensation expense and CEO separation expense from loss from operations. Non-GAAP net loss is calculated by excluding stock-based compensation expense, net of tax, and CEO separation expense from net loss. Non-GAAP net loss per share is calculated by dividing non-GAAP net loss by the weighted- average shares outstanding as presented in the calculation of GAAP net loss per share. Because of varying available valuation methodologies, subjective assumptions and the variety of equity instruments that can impact a company’s non-cash expenses, Workiva believes that providing non-GAAP financial measures that exclude stock-based compensation expense allows for more meaningful comparisons between its operating results from period to period. Because of the non-recurring nature of CEO separation expense, Workiva believes this expense is not representative of ongoing operating costs. Workiva’s management excludes CEO separation expense when evaluating its ongoing performance and/or predicting its operating trends and believes that its investors should have access to the same set of tools that we use in analyzing results. Workiva’s management uses these non-GAAP financial measures as tools for financial and operational decision making and for evaluating Workiva’s own operating results over different periods of time.

    Non-GAAP financial measures may not provide information that is directly comparable to that provided by other companies in Workiva’s industry, as other companies in the industry may calculate non-GAAP financial results differently. In addition, there are limitations in using non-GAAP financial measures because the non-GAAP financial measures are not prepared in accordance with GAAP, may be different from non-GAAP financial measures used by other companies and exclude expenses that may have a material impact on Workiva’s reported financial results. Further, stock-based compensation expense has been and will continue to be for the foreseeable future a significant recurring expense in Workiva’s business and an important part of the compensation provided to its employees. The presentation of non-GAAP financial information is not meant to be considered in isolation or as a substitute for the directly comparable financial measures prepared in accordance with GAAP. Investors should review the reconciliation of non-GAAP financial measures to the comparable GAAP financial measures included below, and not rely on any single financial measure to evaluate Workiva’s business.


    Safe Harbor Statement

    Certain statements in this press release are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created thereby. These statements relate to future events or the Company’s future financial performance and involve known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of the Company or its industry to be materially different from those expressed or implied by any forward-looking statements. In particular, statements about the Company’s expectations, beliefs, plans, objectives, assumptions, future events or future performance contained in this press release are forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as “may,” “will,” “could,” “would,” “should,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “predict,” “potential,” “outlook,” “guidance” or the negative of those terms or other comparable terminology.

    Please see the Company’s documents filed or to be filed with the Securities and Exchange Commission, including the Company’s annual reports filed on Form 10-K and quarterly reports on Form 10-Q, and any amendments thereto for a discussion of certain important risk factors that relate to forward-looking statements contained in this report. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond the Company’s control. These and other important factors may cause actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Any forward-looking statements are made only as of the date hereof, and unless otherwise required by applicable securities laws, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


    For the latest information and news, visit The Workiva Newsroom.


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    WORKIVA INC.

    CONSOLIDATED STATEMENTS OF OPERATIONS
    (in thousands, except share and per share amounts) 
    Three months ended December 31,  Year ended December 31, 
    2018 2017 2018 2017
    (unaudited) 
    Revenue 
    Subscription and support
    $ 53,779  $ 45,549  $ 200,392  $ 169,283 
    Professional services
    10,656  8,957  43,952  38,586 
    Total revenue  64,435  54,506  244,344  207,869 
    Cost of revenue 
    Subscription and support (1)
    8,637  8,779  34,215  32,646 
    Professional services (1)
    8,757  7,310  31,645  27,599 
    Total cost of revenue  17,394  16,089  65,860  60,245 
    Gross profit  47,041  38,417  178,484  147,624 
    Operating expenses 
    Research and development (1)
    20,773  18,870  81,602  68,172 
    Sales and marketing (1)
    23,011  21,949  90,337  84,161 
    General and administrative (1)
    11,047  12,271  56,333  39,594 
    Total operating expenses  54,831  53,090  228,272  191,927 
    Loss from operations  (7,790) (14,673) (49,788) (44,303)
    Interest expense  (480) (451) (1,827) (1,845)
    Other income, net  753  797  1,791  1,783 
    Loss before provision (benefit) for income taxes  (7,517) (14,327) (49,824) (44,365)
    Provision (benefit) for income taxes  204  (6) 247  61 
    Net loss  $ (7,721) $ (14,321) $ (50,071) $ (44,426)
    Net loss per common share: 
    Basic and diluted
    $ (0.17) $ (0.34) $ (1.15) $ (1.07)
    Weighted-average common shares outstanding - basic and diluted
    44,472,672  42,108,764  43,640,408  41,618,838 

    (1) Includes stock-based compensation expense as follows:
    Three months ended December 31,  Year ended December 31, 
    2018 2017 2018 2017
    (unaudited) 
    Cost of revenue 
    Subscription and support
    $ 140  $ 216  $ 700  $ 738 
    Professional services
    170  136  619  465 
    Operating expenses 
    Research and development
    1,702  658  5,842  2,224 
    Sales and marketing
    1,466  842  5,416  2,983 
    General and administrative
    4,044  4,424  18,264  13,066 




    WORKIVA INC.

    CONSOLIDATED BALANCE SHEETS
    (in thousands) 
    As of December 31,
    2018 2017
    Assets 
    Current assets 
    Cash and cash equivalents
    $ 77,584  $ 60,333 
    Marketable securities
    20,764  16,364 
    Accounts receivable, net
    65,107  28,800 
    Deferred commissions
    8,178  2,376 
    Other receivables
    1,181  975 
    Prepaid expenses and other
    4,417  6,444 
    Total current assets  177,231  115,292 
    Property and equipment, net
    41,468  40,444 
    Deferred commissions, non-current
    10,569  — 
    Intangible assets, net
    1,266  1,118 
    Other assets
    577  861 
    Total assets  $ 231,111  $ 157,715 
    Liabilities and Stockholders’ Deficit 
    Current liabilities 
    Accounts payable
    $ 5,461  $ 3,060 
    Accrued expenses and other current liabilities
    36,353  20,429 
    Deferred revenue
    148,545  104,684 
    Current portion of capital lease and financing obligations
    1,222  1,168 
    Total current liabilities  191,581  129,341 
    Deferred revenue, non-current
    25,171  22,709 
    Other long-term liabilities
    6,891  4,174 
    Capital lease and financing obligations
    17,208  18,425 
    Total liabilities  240,851  174,649 
    Stockholders’ deficit 
    Common stock
    44  42 
    Additional paid-in-capital
    297,145  248,289 
    Accumulated deficit
    (307,027) (265,337)
    Accumulated other comprehensive income
    98  72 
    Total stockholders’ deficit  (9,740) (16,934)
    Total liabilities and stockholders’ deficit  $ 231,111  $ 157,715 




    WORKIVA INC.

    CONSOLIDATED STATEMENTS OF CASH FLOWS
    (in thousands) 
    Three months ended December 31,  Year ended December 31, 
    2018 2017 2018 2017
    (unaudited) 
    Cash flows from operating activities 
    Net loss  $ (7,721) $ (14,321) $ (50,071) $ (44,426)
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities 
    Depreciation and amortization
    900  934  3,781  3,546 
    Stock-based compensation expense
    7,522  6,276  30,841  19,476 
    Provision for (recovery of) doubtful accounts  239  (258) 550  (517)
    (Accretion) amortization of premiums and discounts on marketable securities, net  (78) 18  (141) 101 
    Recognition of deferred government grant obligation
    —  (635) —  (1,578)
    Deferred income tax
    (5) —  (9) — 
    Changes in assets and liabilities:
    Accounts receivable
    (24,831) (4,247) (20,216) (5,546)
    Deferred commissions
    (5,547) (168) (11,155) (498)
    Other receivables
    211  134  (205) 577 
    Prepaid expenses
    1,308  (145) 2,020  2,952 
    Other assets
    833  692  276  618 
    Accounts payable
    (300) 1,198  1,699  2,206 
    Deferred revenue
    25,112  4,969  40,144  29,367 
    Accrued expenses and other liabilities
    1,938  (675) 8,886  (758)
    Net cash (used in) provided by operating activities  (419) (6,228) 6,400  5,520 
    Cash flows from investing activities 
    Purchase of property and equipment
    (380) (54) (1,122) (1,188)
    Purchase of marketable securities
    (6,935) (3,002) (24,659) (14,369)
    Maturities of marketable securities
    11,400  1,600  20,400  9,281 
    Purchase of intangible assets
    (77) (53) (251) (197)
    Net cash provided by (used in) investing activities  4,008  (1,509) (5,632) (6,473)
    Cash flows from financing activities 
    Proceeds from option exercises
    2,735  5,816  16,662  12,485 
    Taxes paid related to net share settlements of stock-based compensation awards
    —  (189) (1,861) (1,125)
    Proceeds from shares issued in connection with employee stock purchase plan
    —  —  3,216  — 
    Repayment of other long-term debt
    —  —  —  (73)
    Principal payments on capital lease and financing obligations
    (284) (300) (1,163) (1,435)
    Proceeds from government grants
    —  29  22  51 
    Payments of issuance costs on line of credit
    —  —  —  (81)
    Net cash provided by financing activities  2,451  5,356  16,876  9,822 
    Effect of foreign exchange rates on cash  (299) (4) (393) 183 
    Net increase (decrease) in cash and cash equivalents  5,741  (2,385) 17,251  9,052 
    Cash and cash equivalents at beginning of period  71,843  62,718  60,333  51,281 
    Cash and cash equivalents at end of period  $ 77,584  $ 60,333  $ 77,584  $ 60,333 




    TABLE I
    WORKIVA INC.
    RECONCILIATION OF NON-GAAP INFORMATION
    (in thousands, except share and per share) 
    Three months ended December 31,  Year ended December 31, 
    2018 2017 2018 2017
    Gross profit, subscription and support  $ 45,142  $ 36,770  $ 166,177  $ 136,637 
    Add back: Stock-based compensation
    140  216  700  738 
    Gross profit, subscription and support, non-GAAP  $ 45,282  $ 36,986  $ 166,877  $ 137,375 
    As a percentage of subscription and support revenue, non-GAAP  84.2  % 81.2  % 83.3  % 81.2  %
    Gross profit, professional services  $ 1,899  $ 1,647  $ 12,307  $ 10,987 
    Add back: Stock-based compensation
    170  136  619  465 
    Gross profit, professional services, non-GAAP  $ 2,069  $ 1,783  $ 12,926  $ 11,452 
    As a percentage of professional services revenue, non-GAAP  19.4  % 19.9  % 29.4  % 29.7  %
    Gross profit  $ 47,041  $ 38,417  $ 178,484  $ 147,624 
    Add back: Stock-based compensation
    310  352  1,319  1,203 
    Gross profit, non-GAAP  $ 47,351  $ 38,769  $ 179,803  $ 148,827 
    As percentage of revenue, non-GAAP  73.5  % 71.1  % 73.6  % 71.6  %
    Research and development  $ 20,773  $ 18,870  $ 81,602  $ 68,172 
    Less: Stock-based compensation
    1,702  658  5,842  2,224 
    Research and development, non-GAAP  $ 19,071  $ 18,212  $ 75,760  $ 65,948 
    As percentage of revenue, non-GAAP  29.6  % 33.4  % 31.0  % 31.7  %
    Sales and marketing  $ 23,011  $ 21,949  $ 90,337  $ 84,161 
    Less: Stock-based compensation
    1,466  842  5,416  2,983 
    Sales and marketing, non-GAAP  $ 21,545  $ 21,107  $ 84,921  $ 81,178 
    As percentage of revenue, non-GAAP  33.4  % 38.7  % 34.8  % 39.1  %
    General and administrative  $ 11,047  $ 12,271  $ 56,333  $ 39,594 
    Less: Stock-based compensation
    4,044  4,424  14,643  13,066 
    Less: CEO separation expense(1)
    —  —  9,527  — 
    General and administrative, non-GAAP  $ 7,003  $ 7,847  $ 32,163  $ 26,528 
    As percentage of revenue, non-GAAP  10.9  % 14.4  % 13.2  % 12.8  %
    Loss from operations  $ (7,790) $ (14,673) $ (49,788) $ (44,303)
    Add back: Stock-based compensation
    7,522  6,276  27,220  19,476 
    Add back: CEO separation expense(1)
    —  —  9,527  — 
    Loss from operations, non-GAAP  $ (268) $ (8,397) $ (13,041) $ (24,827)
    As percentage of revenue, non-GAAP  (0.4) % (15.4) % (5.3) % (11.9) %


    TABLE I
    WORKIVA INC.
    RECONCILIATION OF NON-GAAP INFORMATION
    (in thousands, except share and per share) 
    Three months ended December 31,  Year ended December 31, 
    2018 2017 2018 2017
    Net loss  $ (7,721) $ (14,321) $ (50,071) $ (44,426)
    Add back: Stock-based compensation
    7,522  6,276  27,220  19,476 
    Add back: CEO separation expense(1)
    —  —  9,527  — 
    Net loss, non-GAAP  $ (199) $ (8,045) $ (13,324) $ (24,950)
    As percentage of revenue, non-GAAP  (0.3) % (14.8) % (5.5) % (12.0) %
    Net loss per basic and diluted share:  $ (0.17) $ (0.34) $ (1.15) $ (1.07)
    Add back: Stock-based compensation
    0.17  0.15  0.62  0.47 
    Add back: CEO separation expense(1)
    —  —  0.22  — 
    Net loss per basic and diluted share, non-GAAP  $ (0.00) $ (0.19) $ (0.31) $ (0.60)
    Weighted-average common shares outstanding - basic and diluted, non-GAAP
    44,472,672  42,108,764  43,640,408  41,618,838 

    (1) CEO separation expense in the year ending December 31, 2018 includes stock-based compensation of $3.6 million related to the acceleration of eligible stock awards and separation payment expense of $5.9 million pursuant to the former CEO’s employment agreement. Included as separation payment expense are cash payments made in excess of the related bonus accrual recorded through the date of separation.



    TABLE II
    WORKIVA INC.
    RECONCILIATION OF NON-GAAP GUIDANCE
    (in thousands, except share and per share data) 
    Three months ending
    March 31, 2019 
    Year ending
    December 31, 2019 
    Loss from operations, GAAP range  $ (9,500) $ (10,000) $ (49,500) $ (51,500)
    Add back: Stock-based compensation
    8,000  8,000  34,500  34,500 
    Loss from operations, non-GAAP range  $ (1,500) $ (2,000) $ (15,000) $ (17,000)
    Net loss per share, GAAP range  $ (0.22) $ (0.23) $ (1.10) $ (1.15)
    Add back: Stock-based compensation
    0.18  0.18  0.76  0.76 
    Net loss per share, non-GAAP range  $ (0.04) $ (0.05) $ (0.34) $ (0.39)
    Weighted-average common shares outstanding - basic and diluted
    45,000,000  45,000,000  45,700,000  45,700,000 


    Investor Relations Contact 
    Adam Rogers
    Workiva Inc.
    investor@workiva.com
    1.515.663.4471
    Media Contact 
    Kevin McCarthy
    Workiva Inc.
    press@workiva.com
    1.515.663.4471