WORKIVA INC WK Income Statement

Workiva inc (WK)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Revenue
Total revenue
85,801	80,265	74,179	73,484	69,963	64,435	60,873	59,130	59,906	54,506	52,068	49,391	51,904	46,374	44,710	43,011	44,551	39,882	36,268	33,968	35,154	30,129	27,919	26,514	28,132	23,569	21,256	19,027	21,299
Cost of revenue
Cost of revenue
Total cost of revenue
22,396	23,048	21,751	20,677	19,536	17,394	15,659	16,296	16,511	16,089	15,652	14,286	14,218	13,208	12,734	12,577	13,106	11,013	9,776	9,753	9,662	9,961	8,539	7,911	7,467	6,488	6,016	5,874	6,271
Gross profit
63,405	57,217	52,428	52,807	50,427	47,041	45,214	42,834	43,395	38,417	36,416	35,105	37,686	33,166	31,976	30,434	31,445	28,869	26,492	24,215	25,492	20,168	19,380	18,603	20,665	17,081	15,240	13,153	15,028
Operating expenses
Research and development
22,994	23,216	22,899	21,795	22,011	20,773	19,984	20,718	20,127	18,870	17,527	16,239	15,536	14,533	14,342	14,047	14,516	13,496	12,766	12,196	12,008	11,911	11,175	10,772	10,287	8,669	8,830	8,522	8,095
Sales and marketing
36,117	33,732	32,990	28,213	25,365	23,011	24,068	22,252	21,006	21,949	23,712	19,787	18,713	18,196	22,354	19,828	20,088	18,632	20,903	16,329	13,705	14,063	16,248	12,747	10,440	10,482	11,743	9,628	9,214
General and administrative
13,448	14,754	12,017	11,226	10,383	11,047	11,864	21,654	11,768	12,271	8,959	8,943	9,421	7,845	8,015	7,882	8,953	8,538	7,153	6,291	6,734	5,797	4,572	5,186	4,228	3,826	4,023	2,982	3,770
Total operating expenses
72,559	71,702	67,906	61,234	57,759	54,831	55,916	64,624	52,901	53,090	50,198	44,969	43,670	40,574	44,711	41,757	43,557	40,666	40,822	34,816	32,447	31,771	31,995	28,705	24,955	22,977	24,596	21,132	21,079
Loss from operations
-9,154	-14,485	-15,478	-8,427	-7,332	-7,790	-10,702	-21,790	-9,506	-14,673	-13,782	-9,864	-5,984	-7,408	-12,735	-11,323	-12,112	-11,797	-14,330	-10,601	-6,955	-11,603	-12,615	-10,102	-4,290	-5,896	-9,356	-7,979	-6,051
Interest income
1,706	2,064	1,460	641	492	435	341	279	223	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
3,554	3,534	1,959	433	440	480	448	449	450	451	464	475	455	455	462	468	490	508	494	513	510	763	700	316	265	7	255	94	10
Other income (expense), net
718	-305	24	-111	-172	318	-138	213	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
-	-	-	-	-	-	-	-	-	797	198	176	612	348	298	278	576	2,014	163	191	-66	-259	-67	-145	3	34	59	-23	34
Loss before provision for income taxes
-10,284	-16,260	-15,953	-8,330	-7,452	-7,517	-10,947	-21,747	-9,613	-14,327	-14,048	-10,163	-5,827	-7,515	-12,899	-11,513	-12,026	-10,291	-14,661	-10,923	-7,531	-12,625	-13,382	-10,563	-4,552	-5,869	-9,552	-8,096	-6,027
Provision for income taxes
289	38	98	-8	11	204	17	21	5	-6	25	33	9	1	-8	12	19	2	-31	106	-84	32	0	0	0	0	0	0	0
Net loss
-10,573	-16,298	-16,051	-8,322	-7,463	-7,721	-10,964	-21,768	-9,618	-14,321	-14,073	-10,196	-5,836	-7,516	-12,891	-11,525	-12,045	-10,293	-14,630	-11,029	-7,447	-12,657	-13,382	-10,563	-4,552	-5,869	-9,552	-8,096	-6,027
Net loss per common share:
Basic and diluted (in dollars per share)
-0.22	-0.35	-0.34	-0.18	-0.17	-0.17	-0.25	-0.50	-0.22	-0.34	-0.34	-0.25	-0.14	-0.18	-0.32	-0.28	-0.30	-0.26	-0.37	-0.28	-0.19	-	-	-	-	-	-	-	-
Weighted-average common shares outstanding - basic and diluted (in shares)
47,545	47,058	46,731	46,166	45,229	44,472	43,973	43,234	42,858	42,108	41,815	41,429	41,108	40,872	40,762	40,593	40,451	40,204	39,980	39,627	39,593	-	-	-	-	-	-	-	-
Subscription and support
Total revenue
68,361	66,148	63,022	60,472	56,123	53,779	51,306	48,837	46,470	45,549	43,214	40,980	39,540	38,329	36,237	34,969	33,585	32,102	29,832	28,085	26,269	25,011	23,690	21,968	20,648	19,149	17,333	15,233	13,449
Total cost of revenue
12,153	11,946	10,924	10,202	9,809	8,637	8,139	8,637	8,802	8,779	8,472	7,758	7,637	7,244	6,694	7,039	6,918	5,791	5,319	5,564	5,885	6,097	5,387	5,029	4,669	4,179	3,951	3,607	3,392
Professional services
Total revenue
17,440	14,117	11,157	13,012	13,840	10,656	9,567	10,293	13,436	8,957	8,854	8,411	12,364	8,045	8,473	8,042	10,966	7,780	6,436	5,883	8,885	5,118	4,229	4,546	7,484	4,420	3,923	3,794	7,850
Total cost of revenue
10,243	11,102	10,827	10,475	9,727	8,757	7,520	7,659	7,709	7,310	7,180	6,528	6,581	5,964	6,040	5,538	6,188	5,222	4,457	4,189	3,777	3,864	3,152	2,882	2,798	2,309	2,065	2,267	2,879