BTIG has initiated coverage on Workiva Inc (WK) with a Buy rating, marking the firm's first assessment of the company. This decision reflects BTIG's analysis of Workiva's investment potential based on its business model and the broader technology landscape.
Headquartered in Ames, Iowa, Workiva provides cloud-based compliance and regulatory reporting solutions designed to address challenges at the intersection of data, process, and people. The company's unified software-as-a-service (SaaS) platform integrates financial reporting, Environmental, Social, and Governance (ESG), and Governance, Risk, and Compliance (GRC) into a secure, audit-ready environment. Currently, Workiva employs 2,828 full-time staff and has a market capitalization of $5.1 billion.
As of December 16, 2025, Workiva's shares are trading at $89.54. The company has shown promising earnings performance, with a notable EPS of $0.55 in Q3 2025, exceeding expectations by 38.5%. Looking ahead, analysts estimate an EPS of $0.41 for the upcoming earnings report on July 29, 2026.
This update provides insight into the growing analyst confidence in Workiva, which currently has a consensus rating of Buy, supported by 9 Strong Buy and 9 Buy ratings among 19 analysts. Such decisions reflect the company's solid positioning within the technology sector and its potential for future growth.