Irenic Issues Presentation Detailing Multiple Pathways to Reverse Underperformance and Accelerate Value Creation at Workiva

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NEW YORK--(BUSINESS WIRE)--Sep 29, 2025--

Irenic Capital Management, LP, a significant shareholder of Workiva, Inc. (“Workiva” or the “Company”) (NYSE: WK) with approximately 2% of the Company’s outstanding shares, today issued a presentation outlining actionable recommendations to address the Company’s significant share price underperformance relative to peers and create value for all shareholders. Irenic issued the following statement:

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“Workiva is a high-quality business with market-leading products in its portfolio, significant recurring revenue, strong gross margins and structurally high operating margin potential. Despite these advantages, the Company currently trades at a substantial discount to its peers and its historical valuation. In our view, Workiva’s significant underperformance reflects a failure to achieve the appropriate mix of growth and operating profitability.

We firmly believe meaningful and immediate change is needed at the Company. Workiva needs a revamped Board which should conduct a Strategic & Operating review to evaluate the best risk-adjusted path forward – either as a refocused and substantially more profitable public company or by pursuing a sale to a sponsor or strategic buyer.”

About Irenic

Irenic Capital Management, LP is an investment management firm founded by Adam Katz and Andy Dodge. Based in New York City, Irenic works collaboratively with publicly traded companies to ensure operating activities, capital deployment and management incentives are all aligned to create value for the company and its owners. For more information about Irenic, please visit www.irenicmgmt.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250929297645/en/

CONTACT: For Investors:

Jeff Shookus

Irenic Capital Management

[email protected] Media:

Longacre Square Partners

[email protected]

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: SOFTWARE TECHNOLOGY PROFESSIONAL SERVICES FINANCE

SOURCE: Irenic Capital Management, LP

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PUB: 09/29/2025 03:03 PM/DISC: 09/29/2025 03:03 PM

http://www.businesswire.com/news/home/20250929297645/en