Workiva Q1 revenue $176M (+17%), non-GAAP net income $0.23/sh; guides FY24 revenue $719-723M

WORKIVA INC

2024-Q1 EPS reported -$0.21 revenue$175,667,000

Q1 total revenue $176M, up 17% YoY; subscription & support $155M (+20%); professional services flat at $21M.
GAAP net loss $12M ($0.21/sh) vs loss $46M ($0.86) in Q1 2023; Non-GAAP net income $13M ($0.23 basic).
Customers with ACV >$300K reached 332, up 34% YoY; total customers 6,074 (+320 YoY). Revenue retention rate 111% incl. add-on.
Q2 2024 revenue guidance $174-176M; FY2024 revenue guidance $719-723M; non-GAAP EPS $0.96-$1.03.
Cash & securities $838M; convertible notes of $773M aggregate principal.

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 first quarter ended March 31, 2024 results: revenue Total revenue for the first quarter of 2024 reached $176 million, net income GAAP net loss for the first quarter of 2024 was $12 million, EPS GAAP net loss per basic and diluted share was $0.21. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: Total revenue for the first quarter of 2024 reached $176 million
Net income: GAAP net loss for the first quarter of 2024 was $12 million
EPS: GAAP net loss per basic and diluted share was $0.21
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Workiva Inc. Announces First Quarter 2024 Financial Results • Increased Q1 2024 Subscription & Support Revenue by 20% over Q1 2023 • Total revenues of $176 million in Q1 2024, representing 17% year-over-year growth • Achieved 34% YOY Growth of Customers with Annual Contract Value Over $300K NEW YORK - May 2, 2024 – Workiva Inc. (NYSE:WK), the world’s leading cloud platform for assured integrated reporting, today announced financial results for its first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001445305-24-000070

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