WORKIVA INCWK

WORKIVA INC Revenue Disclosure

10-KFiled Feb 19, 20261 min read
Deferred Costs
Deferred costs, which primarily consist of costs to obtain contracts with customers, were $122.4 million and $105.8 million for the years ended December 31, 2025 and 2024, respectively. Amortization expense for the deferred costs was $80.7 million, $60.8 million and $54.5 million for the years ended December 31, 2025, 2024 and 2023, respectively. There were no material impairment losses in relation to the costs capitalized for the periods presented.
Revenue Recognition
Disaggregation of Revenue
The following table presents our revenues disaggregated by type of good or service (in thousands):
Year ended December 31,
202520242023
Subscription and support$812,627 $667,646 $558,645 
XBRL professional services60,643 58,791 56,820 
Other services11,298 12,243 14,574 
Total revenues$884,568 $738,680 $630,039 
Deferred Revenue
During the year ended December 31, 2025, we recognized $446.8 million of revenue that was included in the deferred revenue balance at the beginning of the period.
Transaction Price Allocated to the Remaining Performance Obligations
As of December 31, 2025, revenue of approximately $1,438.3 million is expected to be recognized from remaining performance obligations for subscription contracts. We expect to recognize approximately $757.4 million of these remaining performance obligations over the next 12 months, with the balance recognized thereafter.

Historical Timeline

Fiscal YearFiled
2025Feb 19, 2026Showing above
2024Feb 25, 2025
2023Feb 20, 2024
2022Feb 21, 2023
2021Feb 22, 2022
2020Feb 17, 2021
2019Feb 20, 2020
2018Feb 20, 2019

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

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