v3.25.2

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Revenue
Total revenue	$ 215,187	$ 177,503	$ 421,467	$ 353,170
Cost of revenue
Total cost of revenue	49,543	41,172	97,885	82,695
Gross profit	165,644	136,331	323,582	270,475
Operating expenses
Research and development	54,843	48,408	108,623	93,903
Sales and marketing	104,025	84,697	205,696	167,330
General and administrative	28,922	26,375	56,159	50,674
Total operating expenses	187,790	159,480	370,478	311,907
Loss from operations	(22,146)	(23,149)	(46,896)	(41,432)
Interest income	8,344	10,336	17,091	20,791
Interest expense	(3,194)	(3,237)	(6,389)	(6,469)
Other (expense) income, net	(736)	(45)	(969)	41
Loss before provision for income taxes	(17,732)	(16,095)	(37,163)	(27,069)
Provision for income taxes	1,668	1,453	3,608	2,166
Net loss	$ (19,400)	$ (17,548)	$ (40,771)	$ (29,235)
Net loss per common share:
Basic (in dollars per share)	$ (0.35)	$ (0.32)	$ (0.73)	$ (0.53)
Diluted (in dollars per share)	$ (0.35)	$ (0.32)	$ (0.73)	$ (0.53)
Weighted-average common shares outstanding - basic (in shares)	56,076,723	55,177,162	56,133,286	55,046,507
Weighted-average common shares outstanding - diluted (in shares)	56,076,723	55,177,162	56,133,286	55,046,507
Subscription and support
Revenue
Total revenue	$ 198,223	$ 160,735	$ 383,735	$ 315,714
Cost of revenue
Total cost of revenue	35,277	27,945	69,339	55,872
Professional services
Revenue
Total revenue	16,964	16,768	37,732	37,456
Cost of revenue
Total cost of revenue	$ 14,266	$ 13,227	$ 28,546	$ 26,823

The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 815
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4A
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 55
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476153/220-40-55-4

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(d))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(2)(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479941/924-10-S99-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 220
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147476148/220-40-50-6

WORKIVA INC 10-Q