Workiva Inc. provides cloud-based reporting solutions in the United States and internationally. Its Workiva platform is multi-tenant cloud software offering data-linking capabilities, audit trail services, and administrator access management. The platform connects and transforms data from enterprise resource planning, human capital management, and customer relationship management systems, as well as other third-party cloud and on-premise applications. It serves public and private companies, government agencies, and higher-education institutions. Workiva Inc. was founded in 2008 and is headquartered in Ames, Iowa.
Workiva to Join S&P SmallCap 600, Replacing Formfactor
S&P Dow Jones Indices announced that Workiva will join the S&P SmallCap 600, replacing Formfactor Inc. in the index prior to the opening of trading on Tuesday, October 6, as part of a series of component shifts across multiple benchmarks. Shares of the cloud reporting platform jumped 3.3% in the morning session on the news, then cooled to $71.74, up 3% from the previous close. Index additions frequently generate positive market sentiment because investment funds that track the benchmark must adjust their portfolios to include the newly designated member. Workiva's shares are very volatile and have had 23 moves greater than 5% over the last year, and the stock is down 13.5% since the beginning of the year. At $71.74 per share, it trades 23.1% below its 52-week high of $93.31 from November 2025.
Twilio to Join S&P 500 as S&P Dow Jones Reshuffles Indices
S&P Dow Jones Indices announced a series of benchmark rebalancings on Thursday afternoon, effective prior to the market open on Tuesday, Oct. 6. Cloud communications software maker Twilio Inc Class A will join the flagship S&P 500, moving up from the S&P MidCap 400, replacing Warner Bros Discovery Inc, which is being acquired by S&P 500 constituent Paramount Skydance Corp in a deal nearing final completion. Twilio shares rose 1.6% in extended trading, while semiconductor test equipment producer FormFactor Inc will fill Twilio's former spot in the S&P MidCap 400 as it shifts up from the S&P SmallCap 600. The small-cap benchmark will in turn absorb SaaS platform Workiva Inc, which replaces FormFactor and gained 2.7% after-hours. In a separate structural shift, newly formed Consumer Staples entity Vylor Inc. joined the S&P 500 on Thursday following its spinoff from Corteva Inc, which will transition into the S&P MidCap 400 on Oct. 6, taking the spot of Olin Corporation; Olin moves to the S&P SmallCap 600 to replace chipmaker Qorvo Inc, which is being acquired by Skyworks Solutions Inc in a pending transaction that prompted the chain of small-cap reallocations.
Workiva Unveils Agent Studio AI Tool at Amplify 2026 Conference
Workiva used its Amplify 2026 conference in Las Vegas on September 15 to unveil dozens of product updates, headlined by Agent Studio, a no-code tool that lets customers build and run their own AI agents. Agent Studio allows users to tailor agents with company-specific knowledge, plug them into existing workflows, and schedule them for recurring work, while three new agentic solutions target regulatory tasks such as BEA surveys, US Census surveys, and Country-by-Country Reporting. CEO Julie Iskow said the edge belongs to whoever can show where an answer came from and defend it to investors and regulators, and Keri Tracy, chief audit executive at Newell Brands, said the payoff is freeing auditors for judgment calls. The rollout follows second-quarter revenue of $255 million, up 19% from a year earlier, with a non-GAAP operating margin of 16.8% versus 3.8% in the prior-year quarter, and customers paying more than $300,000 a year rising 34% to 656. Workiva did not disclose how many customers will pay for the agents or how much revenue they could add, and Iskow noted the agents will live in advanced solution tiers, so the benefit flows mostly to customers who upgrade.
Artificial Intelligence › Agentic AI & Autonomous Workflows ▲Technology
WK · Capital · Positive The rollout follows Q2 revenue of $255M (+19%) and non-GAAP operating margin of 16.8% vs 3.8%, with $300k+ customers up 34% to 656.
WK · Technology · Positive Workiva unveiled Agent Studio and new agentic regulatory solutions at its Amplify 2026 conference, expanding its product capabilities.
Workiva swings to profit in Q2 2026 with revenue of $255.29 million
Workiva reported a swing to profitability in its second quarter of 2026, posting net income of $13.44 million compared with a net loss of $19.4 million a year earlier. Revenue rose to $255.29 million from $215.19 million in the prior-year period. The company also issued fresh guidance and filed a new shelf registration related to its employee stock ownership plan. The results come alongside the launch of new AI agents for its reporting platform and a sharp short-term share price rebound, with a 30-day return of 29.04% and a 90-day return of 43.69%, even as the year-to-date return remains down 18.86% and the five-year total shareholder return is down 49.97%.
Workiva Stock Draws Fresh Valuation Attention, Seen 34% Below Fair Value
Workiva has drawn fresh valuation attention, with its stock closing at US$52.17 and a widely followed narrative placing fair value at US$78.73, implying the stock is 33.7% undervalued. The narrative is driven by expectations of revenue growth from multi-solution platform deals and larger contracts with Fortune 50 and Fortune 100 companies, as well as strong demand for sustainability reporting solutions tied to regulations like Europe's CSRD. However, risks include potential shifts in European rules or weaker customer budgets affecting software spending. The stock's recent 30-day return of 6.62% contrasts with a year-to-date decline of 37.12% and a one-year total shareholder return of negative 22.30%.
Salesforce Shares Fall 5.8% in Three Months Amid Broader Software Sector Weakness
Salesforce shares have declined 5.8% over the past three months, underperforming the Zacks Internet – Software industry's 5.7% gain. Several enterprise software names, including SAP, Adobe and Workiva, have also struggled during the same period, falling 5.1%, 8.7% and 9.9% respectively. The broad-based weakness suggests investors are reassessing the software sector rather than losing confidence in Salesforce alone. The biggest overhang is the rapid rise of artificial intelligence, particularly agentic AI, which can automate complex business tasks with minimal human intervention, prompting questions about whether the traditional software-as-a-service pricing model could face pressure over time. Despite these concerns, Salesforce is transforming into a broader enterprise AI platform, with its biggest growth engine, Agentforce, seeing annual recurring revenues surge 205% year over year to 1.2 billion dollars in the first quarter of fiscal 2027. Combined AI and Data annual recurring revenues reached 3.4 billion dollars, more than tripling from the year-ago period. First-quarter fiscal 2027 revenues increased 13.3% year over year, marking a noticeable acceleration, and management expects revenue growth of 10 to 11 percent in the fiscal second quarter and approximately 11 percent for the full fiscal year. The recent share price weakness has made Salesforce's valuation more attractive, with the stock trading at a forward 12-month price-to-earnings ratio of 11.26, well below the industry average of 26.32. While challenges remain, the recent decline appears to reflect investor sentiment more than weakening fundamentals, and for existing investors, holding the stock continues to look like the more sensible strategy.
StockStory names Workiva and Nextpower as growth stocks to watch, flags Artivion as one to sell
StockStory highlights Workiva and Nextpower as growth stocks poised to flourish, while cautioning against Artivion. Workiva, a cloud-based financial reporting platform, saw annual recurring revenue grow 22.1% and boasts a 79.4% gross margin. Nextpower, a solar tracker provider, achieved 19.3% annual revenue growth over two years and significantly improved its free cash flow margin. In contrast, Artivion faces challenges including a small revenue base of $458.7 million, negative free cash flow margin, and low returns on capital. Workiva trades at 2.6 times forward price-to-sales, Nextpower at 25.6 times forward price-to-earnings, and Artivion at 44.2 times forward price-to-earnings.
Workiva Shares Surge 5.9% on Strong Fundamentals and Raised Guidance
Workiva shares soared 5.9% in the last trading session to close at $49.05, backed by solid volume. The company delivered 20% revenue growth, 21% subscription revenue growth, expanding profitability, rising large enterprise deals, 112% net retention, increasing multi-solution adoption, AI-driven product innovation, and raised full-year margin and free cash flow guidance. Workiva is expected to report quarterly earnings of $0.64 per share, a year-over-year increase of 236.8%, on revenues of $250.94 million, up 16.6% from the prior-year quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, and the stock carries a Zacks Rank of 1, or Strong Buy.
Workiva Stock Down 47.7% in Six Months, ARR Hits $901.4 Million
Workiva's stock has fallen 47.7% over the past six months to $45.75 per share, prompting investors to reassess their positions. The company reported annual recurring revenue of $901.4 million in the first quarter, with year-on-year ARR growth averaging 22.1% over the last four quarters. Workiva maintained a trailing 12-month gross margin of 79.4%, which has improved by 3.4 percentage points over the past two years. Its customer acquisition cost payback period stood at 39.8 months, indicating efficient recovery of sales and marketing investments. The stock currently trades at 2.6 times forward price-to-sales.
Innodata vs. Workiva: Which Tech Stock Is a Better Buy in 2026?
Innodata and Workiva present contrasting investment cases for 2026, with Innodata offering rapid AI-driven growth and Workiva providing a stable, subscription-based platform. Innodata's fiscal 2025 revenue surged 48% to nearly $252 million, driven by demand for AI data engineering, though one customer accounted for 58% of revenue. Workiva's revenue grew nearly 20% to $884 million, with 92% recurring revenue and a net retention rate of 112.8%, but it reported a net loss of approximately $26 million. Valuation metrics show Innodata trading at a forward P/E of 88.5x and a P/S ratio of 12.4x, while Workiva trades at 16.3x forward P/E and 3.0x P/S. The analysis favors Innodata for its higher growth potential despite customer concentration risk, while noting both companies carry significant risks.
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