Workiva (WK) Cash Flow: Operating & Free Cash Flow

Workiva Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Workiva Inc. (WK) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-26.17	-55.04	-127.53	-90.95	-37.73	-48.40	-47.48	-50.07	-44.43
Depreciation & Amortization	10.99	11.00	11.14	10.21	5.24	4.30	3.84	3.78	3.55
Deferred Income Tax	-0.40	-0.63	-0.01	0.54	-1.97	0.00	-0.07	-0.01	-0.03
Stock Based Compensation	122.95	102.15	98.77	70.66	48.63	45.77	35.78	30.84	19.48
Change in Working Capital	35.61	39.58	48.23	18.34	27.30	22.18	35.65	21.45	28.92
Change in Accounts Receivable	-17.48	-23.24	-20.49	-30.55	-8.07	-8.71	3.92	-20.22	-5.55
Change in Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	10.98	3.39
Change in Accounts Payable	0.65	2.40	-1.00	2.44	0.97	-4.11	2.15	1.70	2.21
Change in Other Working Capital	52.45	2.44	69.73	-13.75	9.17	34.99	29.58	28.99	28.87
Other Operating Activities	-2.91	2.44	40.28	3.07	9.17	9.40	3.18	0.41	-1.96
Net Cash from Operating Activities	140.07	87.71	70.88	11.33	49.84	33.24	30.92	6.40	5.52
Investing Activities
Capital Expenditures	-2.08	-1.55	-2.36	-3.46	-3.75	-2.17	-3.84	-1.37	-1.39
Acquisitions	0.00	-98.09	0.00	-99.19	-37.47	0.00	0.00	0.25	-0.01
Purchases of Investments	-425.49	-402.24	-573.30	-130.75	-170.07	-175.93	-112.57	-24.66	-14.37
Sales/Maturities of Investments	393.01	456.63	218.41	165.55	143.41	74.35	27.34	20.40	9.28
Other Investing Activities	-0.39	-0.19	-0.24	-0.16	-0.75	-0.30	-1.73	-0.25	0.01
Net Cash from Investing Activities	-34.95	-45.25	-357.25	-68.01	-68.63	-103.75	-90.07	-5.63	-6.47
Financing Activities
Debt Repayment	-0.56	-0.53	293.74	-1.58	-1.71	-1.64	334.33	-1.16	-1.51
Common Stock Issued	19.92	18.73	0.00	12.53	25.46	0.00	0.00	19.88	12.49
Common Stock Repurchased	-71.63	-11.46	0.00	-12.54	-27.14	0.00	0.00	-1.86	-1.13
Other Financing Activities	-22.67	-11.46	7.53	-1.58	-27.14	12.76	28.68	18.04	11.33
Net Cash from Financing Activities	-74.94	6.74	301.27	-1.59	-3.39	11.12	363.02	16.88	9.82
Summary
Effect of Forex Changes on Cash	6.96	-3.57	1.64	-1.92	-0.27	0.48	0.29	-0.39	0.18
Net Change in Cash	37.13	45.63	16.52	-60.19	-22.18	-58.91	304.16	17.25	9.05
Cash at Beginning of Period	302.35	256.72	240.20	300.39	322.83	381.74	77.58	60.33	51.28
Cash at End of Period	339.48	302.35	256.72	240.20	300.39	322.83	381.74	77.58	60.33
Free Cash Flow	138.00	86.15	68.52	7.88	46.09	31.07	27.08	5.03	4.14
Supplemental Disclosures
Interest Paid	10.33	10.28	4.71	4.74	4.84	-	-	-	-
Income Taxes Paid	5.49	6.20	2.66	1.43	-0.04	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Workiva Cash Flow

What is Workiva's free cash flow?

Workiva generated free cash flow of $138.00M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $140.07M minus $2.08M of capital expenditures. That was up 60.2% from $86.15M a year earlier. Free cash flow equaled 15.6% of revenue.

How much does Workiva spend on capital expenditures?

Workiva spent $2.08M on capital expenditures in fiscal 2025, compared with $1.55M a year earlier. That equals 1.5% of operating cash flow.

Does Workiva pay dividends or buy back shares?

Yes. In fiscal 2025 Workiva returned $71.63M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition