Workiva Inc. announced its financial results for the first quarter ended March 31, 2025, reporting total revenue of $206.280 million, a 17.4% increase year-over-year. This figure exceeded the high end of the company's Q1 revenue guidance, with subscription and support revenue rising 19.7% year-over-year.
Despite the revenue beat, Workiva's operating loss widened to $24.750 million from $18.283 million in Q1 2024, resulting in an operating margin of -12.0%. The net loss for the quarter was $21.371 million, or $0.38 per share. Management maintained its full-year 2025 total revenue outlook of $864 million to $868 million, citing a 'more cautious buying environment toward the end of Q1' that is expected to persist.
The company revised down its target for the 2025 free cash flow margin to 10% from the previously stated 12%, explicitly linking this adjustment to 'pressure on bookings expectations for the rest of the year given the macro uncertainty.' Workiva also executed $40.1 million in share repurchases under its $100 million program authorized in July 2024.
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