Workiva Stock Soars 31% Today—Here’s the Rocket Fuel Behind the Surge
Workiva shares blasted off like a DeFi token hitting a liquidity surge—up 31% in a single session. No meme-stock antics here; this was a fundamentals-driven moonshot.
The catalyst?
Wall Street’s favorite combo: earnings beat plus raised guidance. Because nothing makes analysts upgrade faster than a company that overdelivers while whispering sweet nothings about future growth.
Why it matters:
In a market where most SaaS plays are getting rerated like overleveraged crypto portfolios, Workiva’s compliance-and-reporting niche proved recession-proof. Turns out, corporations still pay top dollar to avoid SEC jail.
The cynical take:
Another ‘cloud transformation’ narrative gets rewarded—until next quarter’s growth deceleration sends the algos into sell mode. Enjoy the gamma squeeze while it lasts.
Meaty growth figures in the second quarter
Workiva's revenue for its second quarter was $215 million, representing a sturdy 21% improvement over the same period of 2024. That number was also notably higher than the average analyst estimate of under $209 million. The bulk of this take was from subscription and support revenue, which climbed 23% higher to $198 million.
Image source: Getty Images.
The company also blew past the consensus pundit expectation for non-GAAP (adjusted) net income. That line item rang in at $11 million ($0.19 per share), for a 22% increase over the year-ago result. Analysts had collectively been anticipating only $0.05 per share.
Workiva said that its solutions keep resonating with the customer base. In a statement, CEO Julie Iskow said there was "continued demand for our broad portfolio of solutions and unified platform."
A double beat on guidance, too
If Workiva's guidance is any indication, the company is going to continue marching down that high-growth path. It is modeling revenue of $870 million to $873 million, which tops the consensus analyst estimate of slightly over $866 million. It's also at least 18% above the actual, full-year 2024 result.
As for adjusted profitability, Workiva's forecast for the entirety of 2025 is $1.31 to $1.38 per share. Again, that exceeds both the prognosticator average of $1.04 and is well ahead of the previous year's figure of $0.94.
