Workiva Q3 revenue up 19% to $158.2M; subscription revenue +21% YoY; large contract customers up 38%

WORKIVA INC

2023-Q3 EPS reported -$2.28 revenue$463,386,000

Subscription & support revenue $143M (+21% YoY); total revenue $158.2M (+19% YoY).
GAAP net loss $56M ($1.04/sh) vs $30M loss a year ago; non-GAAP net loss $35M ($0.65/sh).
Customers with ACV >$300K grew 38% to 296; net revenue retention including add-ons rose to 112% from 107%.
Issued $702M of 1.250% convertible notes due 2028; used proceeds to repurchase $273.8M of 2026 notes.
Q4 2023 revenue guidance $164-165M; full-year revenue $627-628M; non-GAAP operating income expected $3-4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WORKIVA INC reported the third quarter ended September 30, 2023 results: revenue $158 million, net income GAAP net loss for the third quarter of 2023 was $56 million, EPS GAAP net loss per basic and diluted share was $1.04.

Period: the third quarter ended September 30, 2023
Revenue: $158 million
Net income: GAAP net loss for the third quarter of 2023 was $56 million
EPS: GAAP net loss per basic and diluted share was $1.04
Result: reported results

Exact text from the filing

--- Workiva Inc. Announces Third Quarter 2023 Financial Results • Increased Q3 2023 Subscription & Support Revenue by 21% over Q3 2022 • Generated Total Q3 2023 Revenue of $158.2 Million, up 19% over Q3 2022 • Achieved 38% YOY Growth of Customers with Annual Contract Value Over $300K NEW YORK - October 30, 2023 – Workiva Inc. (NYSE:WK), the world’s leading cloud

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Source: SEC EDGAR

accession 0001445305-23-000165

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