(Mark One)
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ý
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For the quarterly period ended March 31, 2016
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OR
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o
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
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For transition period from to
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Commission File Number 001-36773
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Delaware
(State or other jurisdiction of incorporation or organization)
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47-2509828
(I.R.S. Employer Identification Number)
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2900 University Blvd
Ames, IA 50010
(888) 275-3125
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(Address of principal executive offices and zip code)
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(888) 275-3125
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(Registrant's telephone number, including area code)
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___________________________________
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Large accelerated filer
o
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Accelerated filer
ý
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Non-accelerated filer
o
(Do not check if a smaller reporting company)
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Smaller reporting company
o
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Page
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Item 1
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WORKIVA INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
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As of March 31, 2016
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As of December 31, 2015
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(unaudited)
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ASSETS
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Current assets
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Cash and cash equivalents
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$
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43,226
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$
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58,750
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Marketable securities
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12,665
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17,420
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Accounts receivable, net of allowance for doubtful accounts of $837 and $713 at March 31, 2016 and December 31, 2015, respectively
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16,470
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15,647
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Deferred commissions
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1,383
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1,368
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Other receivables
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1,042
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818
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Prepaid expenses and other current assets
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4,063
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3,875
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Total current assets
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78,849
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97,878
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Property and equipment, net
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43,747
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44,410
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Intangible assets, net
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936
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896
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Other assets
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774
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711
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Total assets
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$
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124,306
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$
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143,895
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LIABILITIES AND STOCKHOLDERS’ EQUITY
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Current liabilities
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Accounts payable
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$
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4,156
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$
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5,138
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Accrued expenses and other current liabilities
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14,578
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20,394
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Deferred revenue
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53,101
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55,741
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Deferred government grant obligation
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1,023
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985
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Current portion of capital lease and financing obligations
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1,732
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1,808
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Current portion of long-term debt
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18
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18
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Total current liabilities
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74,608
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84,084
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Deferred revenue
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7,138
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7,597
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Deferred government grant obligation
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1,708
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1,996
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Other long-term liabilities
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3,491
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3,343
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Capital lease and financing obligations
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20,727
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21,083
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Long-term debt
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73
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73
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Total liabilities
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107,745
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118,176
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Stockholders’ equity
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Class A common stock, $0.001 par value per share, 1,000,000,000 shares authorized, 29,051,970 and 29,014,665 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively
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29
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29
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Class B common stock, $0.001 par value per share, 500,000,000 shares authorized, 11,909,784 and 11,933,784 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively
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12
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12
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Preferred stock, $0.001 par value per share, 100,000,000 shares authorized, no shares issued and outstanding
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—
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—
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Additional paid-in-capital
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205,284
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202,371
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Accumulated deficit
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(188,979
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)
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(176,934
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)
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Accumulated other comprehensive income
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215
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241
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Total stockholders’ equity
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16,561
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25,719
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Total liabilities and stockholders’ equity
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$
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124,306
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$
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143,895
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WORKIVA INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except share and per share amounts)
(unaudited)
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Three months ended March 31,
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2016
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2015
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Revenue
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Subscription and support
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$
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33,585
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$
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26,269
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Professional services
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10,966
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8,885
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Total revenue
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44,551
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35,154
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Cost of revenue
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Subscription and support
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6,918
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5,885
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Professional services
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6,188
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3,777
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Total cost of revenue
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13,106
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9,662
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Gross profit
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31,445
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25,492
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Operating expenses
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Research and development
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14,516
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12,008
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Sales and marketing
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20,088
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13,705
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General and administrative
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8,953
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6,734
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Total operating expenses
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43,557
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32,447
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Loss from operations
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(12,112
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)
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(6,955
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)
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Interest expense
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(490
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)
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(510
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)
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Other income and (expense), net
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576
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(66
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)
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Loss before provision for income taxes
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(12,026
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)
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(7,531
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)
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Provision (benefit) for income taxes
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19
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(84
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)
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Net loss
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$
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(12,045
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)
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$
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(7,447
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)
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Net loss per common share:
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Basic and diluted
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$
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(0.30
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)
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$
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(0.19
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)
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Weighted average common shares outstanding - basic and diluted
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40,451,668
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39,593,700
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WORKIVA INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
(in thousands)
(unaudited)
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Three months ended March 31,
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2016
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2015
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Net loss
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$
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(12,045
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)
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$
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(7,447
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)
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Other comprehensive (loss) income, net of tax
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Foreign currency translation adjustment, net of income tax expense of $0 and $60 for the three months ended March 31, 2016 and 2015, respectively
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(101
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)
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69
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Unrealized gain on available-for-sale securities, net of income tax expense of $0 for both of the three months ended March 31, 2016 and 2015
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75
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—
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Other comprehensive (loss) income, net of tax
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(26
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)
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69
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Comprehensive loss
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$
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(12,071
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)
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$
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(7,378
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)
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WORKIVA INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
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Three months ended March 31,
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2016
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2015
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Cash flows from operating activities
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Net loss
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$
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(12,045
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)
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$
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(7,447
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)
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Adjustments to reconcile net loss to net cash used in operating activities
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Depreciation and amortization
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997
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1,169
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Stock-based compensation expense
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3,390
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2,174
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Provision for doubtful accounts
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122
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74
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Realized gain on sale of available-for-sale securities
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(2
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)
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—
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Amortization (accretion) of premiums and discounts on marketable securities, net
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39
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—
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Recognition of deferred government grant obligation
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(433
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)
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(66
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)
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Changes in assets and liabilities:
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Accounts receivable
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(881
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)
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(911
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)
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Deferred commissions
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(12
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)
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145
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Other receivables
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(224
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)
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(188
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)
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Prepaid expenses and other
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(186
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)
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144
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Other assets
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(63
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)
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56
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Accounts payable
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(696
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)
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157
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Deferred revenue
|
(3,215
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)
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(672
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)
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Accrued expenses and other liabilities
|
(5,869
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)
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|
(3,892
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)
|
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Change in restricted cash
|
—
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|
28
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|
||
Net cash used in operating activities
|
(19,078
|
)
|
|
(9,229
|
)
|
||
|
|
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|
||||
Cash flows from investing activities
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|
|
|
||||
Purchase of property and equipment
|
(412
|
)
|
|
(871
|
)
|
||
Sale of marketable securities
|
4,793
|
|
|
—
|
|
||
Purchase of intangible assets
|
(55
|
)
|
|
(83
|
)
|
||
Net cash provided by (used in) investing activities
|
4,326
|
|
|
(954
|
)
|
||
|
|
|
|
||||
Cash flows from financing activities
|
|
|
|
||||
Payment of equity issuance costs
|
—
|
|
|
(1,073
|
)
|
||
Proceeds from option exercises
|
284
|
|
|
80
|
|
||
Taxes paid related to net share settlements of stock-based compensation awards
|
(761
|
)
|
|
—
|
|
||
Changes in restricted cash
|
—
|
|
|
300
|
|
||
Repayment of other long-term debt
|
—
|
|
|
(25
|
)
|
||
Principal payments on capital lease and financing obligations
|
(432
|
)
|
|
(678
|
)
|
||
Proceeds from government grants
|
183
|
|
|
313
|
|
||
Net cash used in financing activities
|
(726
|
)
|
|
(1,083
|
)
|
||
Effect of foreign exchange rates on cash
|
(46
|
)
|
|
28
|
|
||
|
|
|
|
||||
Net decrease in cash and cash equivalents
|
(15,524
|
)
|
|
(11,238
|
)
|
||
Cash and cash equivalents at beginning of period
|
58,750
|
|
|
101,131
|
|
||
Cash and cash equivalents at end of period
|
$
|
43,226
|
|
|
$
|
89,893
|
|
|
|
|
|
||||
Supplemental cash flow disclosure
|
|
|
|
||||
Cash paid for interest
|
$
|
322
|
|
|
$
|
423
|
|
Cash paid for income taxes, net of refunds
|
$
|
8
|
|
|
$
|
—
|
|
|
|
|
|
||||
Supplemental disclosure of noncash investing and financing activities
|
|
|
|
||||
Fixed assets acquired through capital lease arrangements
|
$
|
—
|
|
|
$
|
184
|
|
Allowance for tenant improvements
|
$
|
186
|
|
|
$
|
698
|
|
Accrued distributions to members
|
$
|
—
|
|
|
$
|
60
|
|
Purchases of property and equipment, accrued but not paid
|
$
|
65
|
|
|
$
|
—
|
|
|
March 31, 2016
|
|
December 31, 2015
|
||||
Accrued vacation
|
$
|
4,161
|
|
|
$
|
3,604
|
|
Accrued commissions
|
2,497
|
|
|
2,470
|
|
||
Accrued bonuses
|
2,900
|
|
|
9,598
|
|
||
Estimated health insurance claims
|
1,492
|
|
|
900
|
|
||
Accrued other liabilities
|
3,528
|
|
|
3,822
|
|
||
|
$
|
14,578
|
|
|
$
|
20,394
|
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Interest income
|
$
|
83
|
|
|
$
|
15
|
|
Income from training reimbursement program
|
433
|
|
|
66
|
|
||
Other
|
60
|
|
|
(147
|
)
|
||
|
$
|
576
|
|
|
$
|
(66
|
)
|
|
Amortized Cost
|
|
Unrealized Gains
|
|
Unrealized Losses
|
|
Aggregate Fair Value
|
||||||||
U.S. treasury debt securities
|
$
|
4,008
|
|
|
$
|
2
|
|
|
$
|
(3
|
)
|
|
$
|
4,007
|
|
U.S. corporate debt securities
|
8,645
|
|
|
19
|
|
|
(6
|
)
|
|
8,658
|
|
||||
Money market funds
|
37,419
|
|
|
—
|
|
|
—
|
|
|
37,419
|
|
||||
|
$
|
50,072
|
|
|
$
|
21
|
|
|
$
|
(9
|
)
|
|
$
|
50,084
|
|
Included in cash and cash equivalents
|
$
|
37,419
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
37,419
|
|
Included in marketable securities
|
$
|
12,653
|
|
|
$
|
21
|
|
|
$
|
(9
|
)
|
|
$
|
12,665
|
|
|
Amortized Cost
|
|
Unrealized Gains
|
|
Unrealized Losses
|
|
Aggregate Fair Value
|
||||||||
U.S. treasury debt securities
|
$
|
4,805
|
|
|
$
|
—
|
|
|
$
|
(31
|
)
|
|
$
|
4,774
|
|
U.S. corporate debt securities
|
12,679
|
|
|
1
|
|
|
(34
|
)
|
|
12,646
|
|
||||
Money market funds
|
53,365
|
|
|
—
|
|
|
—
|
|
|
53,365
|
|
||||
|
$
|
70,849
|
|
|
$
|
1
|
|
|
$
|
(65
|
)
|
|
$
|
70,785
|
|
Included in cash and cash equivalents
|
$
|
53,365
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
53,365
|
|
Included in marketable securities
|
$
|
17,484
|
|
|
$
|
1
|
|
|
$
|
(65
|
)
|
|
$
|
17,420
|
|
|
As of March 31, 2016
|
||||||||||||||
|
Less than 12 months
|
|
12 months or greater
|
||||||||||||
|
Fair Value
|
|
Unrealized Loss
|
|
Fair Value
|
|
Unrealized Loss
|
||||||||
U.S. treasury debt securities
|
$
|
2,407
|
|
|
$
|
(3
|
)
|
|
$
|
—
|
|
|
$
|
—
|
|
U.S. corporate debt securities
|
2,503
|
|
|
(6
|
)
|
|
—
|
|
|
—
|
|
||||
Total
|
$
|
4,910
|
|
|
$
|
(9
|
)
|
|
$
|
—
|
|
|
$
|
—
|
|
Level 1 -
|
Inputs are unadjusted quoted prices in active markets for identical assets or liabilities.
|
Level 2 -
|
Inputs are quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument.
|
Level 3 -
|
Inputs are unobservable inputs based on our assumptions.
|
|
|
Fair Value Measurements as of March 31, 2016
|
|
Fair Value Measurements as of December 31, 2015
|
||||||||||||||||||||
Description
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Total
|
|
Level 1
|
|
Level 2
|
||||||||||||
Money market funds
|
|
$
|
37,419
|
|
|
$
|
37,419
|
|
|
$
|
—
|
|
|
$
|
53,365
|
|
|
$
|
53,365
|
|
|
$
|
—
|
|
U.S. treasury debt securities
|
|
4,007
|
|
|
—
|
|
|
4,007
|
|
|
4,774
|
|
|
—
|
|
|
4,774
|
|
||||||
U.S. corporate debt securities
|
|
8,658
|
|
|
—
|
|
|
8,658
|
|
|
12,646
|
|
|
—
|
|
|
12,646
|
|
||||||
|
|
$
|
50,084
|
|
|
$
|
37,419
|
|
|
$
|
12,665
|
|
|
$
|
70,785
|
|
|
$
|
53,365
|
|
|
$
|
17,420
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||||
Included in cash and cash equivalents
|
|
$
|
37,419
|
|
|
|
|
|
|
$
|
53,365
|
|
|
|
|
|
||||||||
Included in marketable securities
|
|
$
|
12,665
|
|
|
|
|
|
|
$
|
17,420
|
|
|
|
|
|
|
|
Operating Leases
|
||
Remainder of 2016
|
|
$
|
2,302
|
|
2017
|
|
3,304
|
|
|
2018
|
|
3,164
|
|
|
2019
|
|
2,482
|
|
|
2020
|
|
2,163
|
|
|
Thereafter
|
|
10,101
|
|
|
Total minimum lease payments
|
|
$
|
23,516
|
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
Cost of revenue
|
|
|
|
||||
Subscription and support
|
$
|
118
|
|
|
$
|
96
|
|
Professional services
|
122
|
|
|
72
|
|
||
Operating expenses
|
|
|
|
||||
Research and development
|
584
|
|
|
334
|
|
||
Sales and marketing
|
455
|
|
|
350
|
|
||
General and administrative
|
2,111
|
|
|
1,322
|
|
||
Total
|
$
|
3,390
|
|
|
$
|
2,174
|
|
|
Three months ended March 31,
|
||
|
2016
|
|
2015
|
Expected term (in years)
|
6.0 - 6.1
|
|
6.1
|
Risk-free interest rate
|
1.48% - 1.90%
|
|
1.35% - 1.74%
|
Expected volatility
|
44.96% - 45.29%
|
|
42.35% - 44.08%
|
Forfeiture rate
|
0% - 4.80%
|
|
5.12% - 5.21%
|
|
Options
|
|
Weighted-
Average
Exercise
Price
|
|
Weighted-
Average
Remaining
Contractual
Term (Years)
|
|
Aggregate Intrinsic Value
|
|||||
|
|
|
|
|
|
|
(in thousands)
|
|||||
Outstanding at December 31, 2015
|
6,969,133
|
|
|
$
|
11.37
|
|
|
7.7
|
|
$
|
43,287
|
|
Granted
|
634,619
|
|
|
15.06
|
|
|
|
|
|
|||
Forfeited
|
28,515
|
|
|
14.52
|
|
|
|
|
|
|||
Exercised
|
74,621
|
|
|
3.80
|
|
|
|
|
|
|||
Outstanding at March 31, 2016
|
7,500,616
|
|
|
$
|
11.75
|
|
|
7.6
|
|
$
|
17,721
|
|
|
|
|
|
|
|
|
|
|||||
Exercisable at March 31, 2016
|
3,613,938
|
|
|
$
|
8.40
|
|
|
6.3
|
|
$
|
17,337
|
|
|
Number of Shares
|
|
Weighted-
Average Grant Date Fair Value |
|
Aggregate Intrinsic Value
|
|||||
|
|
|
|
|
(in thousands)
|
|||||
Outstanding at December 31, 2015
|
600,025
|
|
|
$
|
13.38
|
|
|
$
|
10,542
|
|
Granted
|
311,612
|
|
|
15.55
|
|
|
|
|||
Forfeited
|
—
|
|
|
—
|
|
|
|
|||
Vested
|
(176,665
|
)
|
|
13.40
|
|
|
|
|||
Outstanding at March 31, 2016
|
734,972
|
|
|
$
|
14.29
|
|
|
$
|
8,562
|
|
|
Three months ended
|
||||||||||||||
|
March 31, 2016
|
|
March 31, 2015
|
||||||||||||
|
Class A
|
|
Class B
|
|
Class A
|
|
Class B
|
||||||||
Numerator
|
|
|
|
|
|
|
|
||||||||
Net loss
|
$
|
(8,496
|
)
|
|
$
|
(3,549
|
)
|
|
$
|
(5,110
|
)
|
|
$
|
(2,337
|
)
|
|
|
|
|
|
|
|
|
||||||||
Denominator
|
|
|
|
|
|
|
|
||||||||
Weighted-average common shares outstanding - basic and diluted
|
28,534,236
|
|
|
11,917,432
|
|
|
27,166,753
|
|
|
12,426,947
|
|
||||
Basic and diluted net loss per share
|
$
|
(0.30
|
)
|
|
$
|
(0.30
|
)
|
|
$
|
(0.19
|
)
|
|
$
|
(0.19
|
)
|
|
|
|
|
|
|
|
|
|
As of
|
||||
|
March 31, 2016
|
|
March 31, 2015
|
||
Shares subject to outstanding common stock options
|
7,500,616
|
|
|
6,091,831
|
|
Shares subject to unvested restricted stock awards
|
423,360
|
|
|
584,350
|
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
|
(dollars in thousands)
|
||||||
Financial metrics
|
|
|
|
||||
Total revenue
|
$
|
44,551
|
|
|
$
|
35,154
|
|
Percentage increase in total revenue
|
26.7
|
%
|
|
25.0
|
%
|
||
Subscription and support revenue
|
$
|
33,585
|
|
|
$
|
26,269
|
|
Percentage increase in subscription and support revenue
|
27.9
|
%
|
|
27.2
|
%
|
||
Subscription and support as a percent of total revenue
|
75.4
|
%
|
|
74.7
|
%
|
|
As of March 31,
|
||
|
2016
|
|
2015
|
Operating metrics
|
|
|
|
Number of customers
|
2,557
|
|
2,290
|
Subscription and support revenue retention rate
|
96.1%
|
|
95.9%
|
Subscription and support revenue retention rate including add-ons
|
112.1%
|
|
105.8%
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
|
(in thousands)
|
||||||
Revenue
|
|
|
|
||||
Subscription and support
|
$
|
33,585
|
|
|
$
|
26,269
|
|
Professional services
|
10,966
|
|
|
8,885
|
|
||
Total revenue
|
44,551
|
|
|
35,154
|
|
||
Cost of revenue
|
|
|
|
||||
Subscription and support
(1)
|
6,918
|
|
|
5,885
|
|
||
Professional services
(1)
|
6,188
|
|
|
3,777
|
|
||
Total cost of revenue
|
13,106
|
|
|
9,662
|
|
||
Gross profit
|
31,445
|
|
|
25,492
|
|
||
Operating expenses
|
|
|
|
||||
Research and development
(1)
|
14,516
|
|
|
12,008
|
|
||
Sales and marketing
(1)
|
20,088
|
|
|
13,705
|
|
||
General and administrative
(1)
|
8,953
|
|
|
6,734
|
|
||
Total operating expenses
|
43,557
|
|
|
32,447
|
|
||
Loss from operations
|
(12,112
|
)
|
|
(6,955
|
)
|
||
Interest expense
|
(490
|
)
|
|
(510
|
)
|
||
Other income and (expense), net
|
576
|
|
|
(66
|
)
|
||
Loss before provision for income taxes
|
(12,026
|
)
|
|
(7,531
|
)
|
||
Provision (benefit) for income taxes
|
19
|
|
|
(84
|
)
|
||
Net loss
|
$
|
(12,045
|
)
|
|
$
|
(7,447
|
)
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
|
(in thousands)
|
||||||
Cost of revenue
|
|
|
|
||||
Subscription and support
|
$
|
118
|
|
|
$
|
96
|
|
Professional services
|
122
|
|
|
72
|
|
||
Operating expenses
|
|
|
|
||||
Research and development
|
584
|
|
|
334
|
|
||
Sales and marketing
|
455
|
|
|
350
|
|
||
General and administrative
|
2,111
|
|
|
1,322
|
|
||
Total stock-based compensation expense
|
$
|
3,390
|
|
|
$
|
2,174
|
|
|
Three months ended March 31,
|
|
|
||||||
|
2016
|
|
2015
|
|
% Change
|
||||
|
(dollars in thousands)
|
|
|
||||||
Revenue
|
|
|
|
|
|
||||
Subscription and support
|
$
|
33,585
|
|
|
$
|
26,269
|
|
|
27.9%
|
Professional services
|
10,966
|
|
|
8,885
|
|
|
23.4%
|
||
Total revenue
|
$
|
44,551
|
|
|
$
|
35,154
|
|
|
26.7%
|
|
Three months ended March 31,
|
|
|
||||||
|
2016
|
|
2015
|
|
% Change
|
||||
|
(dollars in thousands)
|
|
|
||||||
Cost of revenue
|
|
|
|
|
|
||||
Subscription and support
|
$
|
6,918
|
|
|
$
|
5,885
|
|
|
17.6%
|
Professional services
|
6,188
|
|
|
3,777
|
|
|
63.8%
|
||
Total cost of revenue
|
$
|
13,106
|
|
|
$
|
9,662
|
|
|
35.6%
|
|
Three months ended March 31,
|
|
|
||||||
|
2016
|
|
2015
|
|
% Change
|
||||
|
(dollars in thousands)
|
|
|
||||||
Operating expenses
|
|
|
|
|
|
||||
Research and development
|
$
|
14,516
|
|
|
$
|
12,008
|
|
|
20.9%
|
Sales and marketing
|
20,088
|
|
|
13,705
|
|
|
46.6%
|
||
General and administrative
|
8,953
|
|
|
6,734
|
|
|
33.0%
|
||
Total operating expenses
|
$
|
43,557
|
|
|
$
|
32,447
|
|
|
34.2%
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
|
(dollars in thousands)
|
||||||
Interest expense
|
$
|
(490
|
)
|
|
$
|
(510
|
)
|
Other income and (expense), net
|
576
|
|
|
(66
|
)
|
|
Three months ended March 31,
|
||||||
|
2016
|
|
2015
|
||||
|
(in thousands)
|
||||||
Cash flow used in operating activities
|
$
|
(19,078
|
)
|
|
$
|
(9,229
|
)
|
Cash flow provided by (used in) investing activities
|
4,326
|
|
|
(954
|
)
|
||
Cash flow used in financing activities
|
(726
|
)
|
|
(1,083
|
)
|
||
Net decrease in cash and equivalents, net of impact on exchange rates
|
$
|
(15,524
|
)
|
|
$
|
(11,238
|
)
|
|
|
|
|
Payments due by period
|
||||||||||||||||
|
|
Total
|
|
Less than 1 year
|
|
1-3 years
|
|
3-5 years
|
|
More than 5 years
|
||||||||||
|
|
(in thousands)
|
||||||||||||||||||
Operating lease obligations relating to office facilities
|
|
$
|
23,516
|
|
|
$
|
3,146
|
|
|
$
|
6,288
|
|
|
$
|
4,497
|
|
|
$
|
9,585
|
|
Date
|
|
Total Number of Shares Purchased
(1)
|
|
Average Price Paid Per Share
|
|
Total Number of Shares Purchased as Part of Publicly Announced Program
|
|
Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under Program
|
|||||
January 2016
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
February 2016
|
|
61,316
|
|
|
$
|
12.41
|
|
|
—
|
|
|
—
|
|
March 2016
|
|
—
|
|
|
—
|
|
|
—
|
|
|
—
|
|
|
Total
|
|
61,316
|
|
|
$
|
12.41
|
|
|
—
|
|
|
—
|
|
WORKIVA INC.
|
|
|
|
By:
|
/s/ Matthew M. Rizai, Ph.D.
|
Name:
|
Matthew M. Rizai, Ph.D.
|
Title:
|
Chairman and Chief Executive Officer
|
|
|
By:
|
/s/ J. Stuart Miller
|
Name:
|
J. Stuart Miller
|
Title:
|
Executive Vice President, Treasurer and Chief Financial Officer
|
|
|
By:
|
/s/ Jill Klindt
|
Name:
|
Jill Klindt
|
Title:
|
Vice President and Chief Accounting Officer
|
|
|
Exhibit
Number
|
|
Description
|
|
|
|
10.1
|
|
Workiva Inc. Nonqualified Deferred Compensation Plan effective as of January 14, 2016, incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on January 15, 2016.
|
|
|
|
10.2
|
|
Form of Workiva Inc. Restricted Stock Unit Agreement for service-vesting restricted stock units under the Workiva Inc. 2014 Equity Incentive Plan, incorporated by reference from Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on January 15, 2016.
|
|
|
|
10.3
|
|
Form of Workiva Inc. Restricted Stock Unit Agreement for service-vesting restricted stock units issuable to non-employee directors under the Workiva Inc. 2014 Equity Incentive Plan.
|
|
|
|
31.1
|
|
Certification of the Chief Executive Officer, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
31.2
|
|
Certification of the Chief Financial Officer, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
32.1
|
|
Certification of the Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
32.2
|
|
Certification of the Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema Document.
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase Document.
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase Document.
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase Document.
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase Document.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grant Number
|
|
Vesting Schedule
|
Subject to the Plan and the Restricted Stock Unit Agreement, this RSU shall vest in accordance with the following schedule, provided you have not experienced a Termination of Service prior to any vesting date:
|
Vesting Date(s)
|
Number or Percentage of Shares that Vest
|
One-year anniversary of the Grant Date
|
100%
|
Date: May 4, 2016
|
|
/s/ Matthew M. Rizai, Ph.D.
Matthew M. Rizai, Ph.D.
Chairman and Chief Executive Officer
(Principal Executive Officer)
|
Date: May 4, 2016
|
|
/s/ J. Stuart Miller
J. Stuart Miller
Executive Vice President, Treasurer
and Chief Financial Officer
(Principal Financial Officer)
|
1.
|
the Quarterly Report on Form 10-Q of the Company for the period ending
March 31, 2016
(the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
|
2.
|
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company for the periods presented therein.
|
|
|
|
Date: May 4, 2016
|
|
/s/ Matthew M. Rizai, Ph.D.
Matthew M. Rizai, Ph.D.
Chairman and Chief Executive Officer
(Principal Executive Officer)
|
1.
|
the Quarterly Report on Form 10-Q of the Company for the period ending
March 31, 2016
(the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and
|
2.
|
the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company for the periods presented therein.
|
|
|
|
Date: May 4, 2016
|
|
/s/ J. Stuart Miller
J. Stuart Miller
Executive Vice President, Treasurer
and Chief Financial Officer
(Principal Financial Officer)
|