Workiva Inc. (WK) intrinsic value & 10-year financials
Workiva Inc. (WK) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 19.4% a year to $884.6M, with an average return on invested capital of 37.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $75.31
- Market cap
- $4.2B
- Revenue (FY2025)
- $884.6M
- Revenue growth (10-yr CAGR)
- 19.4%
- ROIC (10-yr avg)
- 37.3%
- Free cash flow (FY2025)
- $138.0M
WK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $884.6M | -$26.2M | -$0.47 | $138.0M | -4.8% | 13.2% |
| FY2024 | $738.7M | -$55.0M | -$0.99 | $86.3M | -10.4% | 23.9% |
| FY2023 | $630.0M | -$127.5M | -$2.36 | $68.8M | -15.0% | 35.8% |
| FY2022 | $537.9M | -$90.9M | -$1.72 | $7.9M | -16.5% | 44.0% |
| FY2021 | $443.3M | -$37.7M | -$0.74 | $46.3M | -6.6% | 13.5% |
| FY2020 | $351.6M | -$48.4M | -$1.00 | $31.4M | -10.8% | 14.8% |
| FY2019 | $297.9M | -$48.1M | -$1.03 | $27.5M | -15.3% | 16.2% |
| FY2018 | $244.3M | -$50.1M | — | $5.3M | -20.4% | 64.4% |
| FY2017 | $207.9M | -$44.4M | — | $4.3M | -21.3% | 67.3% |
| FY2016 | $178.6M | -$44.0M | — | -$12.3M | -24.4% | 80.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
WORKIVA INC is a consistent compounder, expanding top-line revenue at 19.5% annually over the past decade.
WORKIVA INC has earned high returns on invested capital, averaging 37.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
WORKIVA INC has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, WORKIVA INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-15.61 per share.