Workiva Inc. announced its financial results for the second quarter ended June 30, 2025, reporting total revenue of $215.0 million, a 21% increase year-over-year. This figure surpassed management's forecast of $209 million and represented an acceleration from the 17% growth delivered in the first quarter.
The company also reported non-GAAP net income of $11 million, or $0.19 per share, for the quarter, significantly exceeding analyst estimates of $0.05 per share. Subscription and support revenue climbed 23% year-over-year to $198 million, highlighting strong demand for its core offerings.
Operational metrics were robust, with the net revenue retention rate reaching a multiyear high of 114%, indicating existing customers increased their spending by 14% compared to the prior year. Workiva also reported a record 6,467 customers, a 5% increase year-over-year, with higher-spending customer cohorts growing significantly faster. Following these strong results, management raised its full-year 2025 revenue forecast to $871.5 million at the midpoint, from $866 million previously, and increased its full-year adjusted profitability forecast to $1.31 to $1.38 per share, well above the previous year's $0.94.
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