secwatch.observer — SEC 8-K summary
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Issuer:     WORKIVA INC (WK)
CIK:        0001445305
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001445305-24-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1445305/000144530524000070/0001445305-24-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1445305/000144530524000070/wk-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001445305-24-000070

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer