By Chris Wack
Workiva shares were 25% higher, at $80.19, after the company reported a second-quarter loss that was narrower than expected.
The company said late Thursday that it had a quarterly loss of $19.4 million, or 35 cents a share, compared with a loss of $17.5 million, or 32 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $28.7 million, or 48 cents a share.
Revenue for the quarter was $215.2 million, compared with last year's $177.5 million and the $208.9 million.
Workiva said that customers with annual contract value over $500,000 grew 35% year-over-year, and subscription revenue grew by 23%.
For the third quarter, the company expects revenue of $218 million to $220 million, while analysts are expecting revenue of $218.9 million. For 2025, the company is expecting revenue of $870 million to $873 million, with analysts forecasting revenue of $871.7 million.
For 2025, Workiva is looking for adjusted earnings of $1.31 to $1.38 a share, while analysts are expecting $1.34 a share.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
August 01, 2025 12:54 ET (16:54 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.