On June 30, 2025, Workiva Inc. was removed from both the Russell 2000 Growth-Defensive Index and the Russell 2000 Defensive Index. This change is a result of the annual rebalancing process for these widely followed market indices.
Inclusion or exclusion from such indices can influence investment decisions by passive funds and institutional investors that track these benchmarks. While not directly impacting the company's fundamental operations, it can affect the demand for its shares.
The rebalancing reflects a shift in how Workiva's characteristics are categorized within the broader market, potentially leading to adjustments in portfolio allocations by index-tracking funds.
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