Jul. 8 at 7:22 PM
$WK Workiva is a steadily growing SaaS company operating in a highly specialized and regulated niche: financial reporting, audit compliance, and ESG disclosures. While not widely known among retail investors, the company plays a critical role in helping large organization, many of them Fortune 500 firms, meet increasingly complex regulatory requirements such as SEC filings, SOX controls, and the new European CSRD/ESRS standards. Over the past years, Workiva has consistently delivered revenue growth of around 17–19% annually, while significantly improving operational efficiency. Although GAAP earnings remain negative, losses have been reduced notably, and the company is already generating positive free cash flow and non-GAAP profits. Customer retention is strong, with net revenue retention consistently above 110%, a sign of the platform’s stickiness and strategic value.
Valuation remains reasonable compared to SaaS peers. With a P/S ratio of approximately 5.1
