Workiva Inc - Company Profile
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Business Description
Workiva Inc (Workiva) is engaged in providing solutions for transparent reporting. It offers a unified software-as-a-service (SaaS) platform that provides customers’ financial reporting, environmental, social, and governance (ESG), and governance, risk, and compliance (GRC) in a controlled, secure, and audit-ready platform.
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R&D Overview
Workiva’s R&D arm focuses on developing new and innovative solutions; validation of its platform; fit-for-purpose solutions and increasing platform's openness and extensibility. The company also focuses on investing in R&D to increase the platform's functionality, broaden its platform capabilities, strengthen its existing solutions, enhance user experience and ecosystem with integrations, and develop new solutions. As of December 2023, the company had 76 issued patents and 17 pending patent applications relating to the platform. In FY2023, the company incurred expenses of US$172.8 million on R&D, which as a percentage of revenue, stood at 27.4%.
Other Break-up
Overview
Provides document set up, XBRL tagging, and consulting to help customers with business processes and best practices for using its platform..
Performance
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Overview
Generates revenue on a ratable basis throughout the duration of the contract, starting from the day it becomes accessible to the customer.
Performance
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Geographical Segments
Performance
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Performance
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