Workiva Projects 20% Subscription Revenue Growth by 2025 Despite Market Challenges

Published 12 hours agoWK

Workiva Projects 20% Subscription Revenue Growth by 2025 Despite Market Challenges

Workiva Inc. has reaffirmed its goal for a 20% increase in subscription revenue by 2025, even amid a cautious buying environment. The company remains firm in its strategic growth targets, highlighting its role as a reliable integrated reporting platform aimed at helping customers manage risk and bolster performance.

In terms of financial specifics, Workiva expects to achieve a total revenue ranging between $864 million and $868 million for 2025. Their non-GAAP operating margin is projected to be between 5% and 5.5%, reflecting enhanced operational productivity compared to the previous year. Additionally, the company anticipates a free cash flow margin of about 12%. Notably, in the fourth quarter of 2024, Workiva saw a 22% increase in subscription and support revenue, leading to a total revenue of $200 million, marking a 20% growth from the previous year, as reported by their investor communications.

Despite the unpredictable business landscape shaped by policy and geopolitical issues, Workiva is optimistic about its future performance. The company has positioned itself strategically to navigate these challenges, aiming to deliver continued growth and value to its customers, a sentiment echoed in reports by sources including itiger.com.

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