Workiva repurchased $123M in stock during Q2 2026 under expanded plan

Board expanded program by $250M in February; $106M remains available as of June 30.

What the filing says

Workiva Inc. (NYSE: WK) repurchased approximately 2.5 million shares of Class A common stock for $123 million during the second quarter of 2026 under its board-authorized repurchase plan. The execution reflects the company's continued capital-return strategy as it pursues strong financial performance, including 19% year-over-year revenue growth and non-GAAP operating margin expansion.

The company operates under a two-tranche authorization: an initial $100 million program authorized July 30, 2024, and an expanded $250 million authorization approved February 16, 2026, for a combined authorization of $350 million. As of June 30, 2026, approximately $106 million remained available under the plan for future repurchases.

Repurchases were executed at an average price of $49.20 per share during Q2 2026. The company generated strong operating cash flow of $78 million in the quarter and free cash flow of $78 million, providing financial capacity for capital allocation alongside debt service on convertible senior notes totaling approximately $773 million in aggregate principal amount.

On July 30, 2024, our board of directors authorized a share repurchase plan for up to $100 million of our outstanding Class A common stock. On February 16, 2026, our board of directors modified the repurchase plan to authorize an additional $250 million of the Company's outstanding Class A common stock for repurchase under the plan. During the second quarter of 2026, Workiva purchased approximately 2.5 million shares for $123 million under the plan. — WORKIVA INC 8-K filing  ·  View on SEC EDGAR →

What this means

Workiva's Q2 buyback reflects disciplined capital allocation following a period of profitability and margin expansion. The $123 million execution reduces outstanding share count by approximately 2.5 million shares (about 4.5% of the roughly 56 million weighted-average diluted shares outstanding in the period), offsetting some dilution from stock-based compensation of $29.8 million in the quarter. With $106 million remaining on authorization, the company has flexibility to continue opportunistic repurchases. The execution occurred while maintaining a $815 million liquidity position in cash and marketable securities, which comfortably exceeds near-term debt obligations.

Frequently asked questions

When did Workiva authorize its current repurchase plan?

The company initially authorized a $100 million repurchase plan on July 30, 2024. On February 16, 2026, the board expanded the program by an additional $250 million, bringing the total authorization to $350 million.

How many shares did Workiva repurchase in Q2 2026 and at what price?

During the second quarter of 2026, Workiva repurchased approximately 2.5 million shares for $123 million, representing an average price of $49.20 per share. This reduced the company's outstanding share count during a period of strong operational performance.

How much authorization remains available for future repurchases?

As of June 30, 2026, approximately $106 million remained available under the repurchase plan for future share repurchases. The company has demonstrated flexibility in executing repurchases based on market conditions and capital availability.

How does the buyback compare to Workiva's cash generation?

Workiva generated $78 million in operating cash flow and $78 million in free cash flow during Q2 2026. The $123 million repurchase in the quarter was funded from the company's strong liquidity position of $815 million in cash and marketable securities as of June 30, 2026.

What is the significance of the buyback for share count?

The 2.5 million share repurchase offset approximately 4.5% of the company's weighted-average diluted shares outstanding in Q2 2026 (approximately 56 million shares). This helps mitigate dilution from stock-based compensation, which totaled $29.8 million in the quarter.