15 Best Small Cap AI Stocks to Buy Right Now

9. Workiva Inc. (NYSE:WK)

Number of Hedge Fund Holders: 28

​Workiva Inc. (NYSE:WK) is a cloud-based software company that provides a platform for connected reporting, compliance, and data management. Its solutions help businesses streamline complex processes involving financial reporting, regulatory filings, audit management, and ESG disclosures. WK serves a wide range of industries, including finance, energy, government, and healthcare, with a focus on large enterprises and public companies. The platform integrates with various data sources and enterprise systems to enable real-time collaboration, transparency, and accuracy in reporting. WK incorporates AI and machine learning features to automate data linking, detect anomalies, and enhance compliance workflows, supporting efficiency gains and future growth in AI-driven reporting solutions.

Workiva Inc. (NYSE:WK) delivered strong financial results in Q4 2024, with subscription revenue growth of 22% and total revenue growth of 20% compared to Q4 2023. For the full year 2024, the company exceeded revenue guidance with 20% subscription revenue growth and 17% total revenue growth. The company demonstrated improved profitability with a non-GAAP operating margin of 4.3%, up from 1.6% in 2023, while delivering a full-year free cash flow margin of 11.7%. Business fundamentals showed strength with the net retention rate improving to 112%, while contracts valued over $300,000 increased 34% and those over $500,000 increased 32% compared to Q4 2023. The company’s global expansion efforts proved successful, with 17.5% of 2024 total worldwide revenue coming from outside the Americas, representing a 280 basis point improvement from 2023.

Workiva Inc. (NYSE:WK)’s platform strategy continued to resonate in the market, with multi-solution deals becoming the norm rather than the exception. WK’s assured integrated reporting platform, which includes carbon accounting, has been recognized as the only platform that combines financial reporting, sustainability, and governance risk and compliance in one secure, controlled, and audit-ready environment. Looking ahead to 2025, management has guided for 20% subscription revenue growth and expects non-GAAP operating margin to range from 5% to 5.5%, demonstrating continued focus on both growth and improved productivity.