Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Workiva delivered solid first-quarter performance in 2025, marking a continuation of its growth trajectory.</li><li>The company's total revenue increased by 17% year-over-year to $206 million, exceeding the high end of its guidance.</li><li>Subscription revenue particularly drove this growth, rising by 20% compared to the previous year.</li></ul>

Workiva delivered solid first-quarter performance in 2025, marking a continuation of its growth trajectory.The company's total revenue increased by 17% year-over-year to $206 million, exceeding the high end of its guidance.Subscription revenue particularly drove this growth, rising by 20% compared to the previous year.

Workiva Inc.: Mature Go-To-Market Strategies As A Significant Driver For Future Growth!

<ul><li>Workiva, a prominent platform delivering solutions for financial and non-financial reporting, closed the fourth quarter of 2024 with results that surpassed expectations.</li><li>The company reported a total revenue of $200 million for the quarter, driven by a 22% increase in subscription revenue.</li><li>For the entire year, Workiva achieved a total revenue of $739 million, with subscription revenue rising by 20% compared to 2023.</li></ul>

Workiva, a prominent platform delivering solutions for financial and non-financial reporting, closed the fourth quarter of 2024 with results that surpassed expectations.The company reported a total revenue of $200 million for the quarter, driven by a 22% increase in subscription revenue.For the entire year, Workiva achieved a total revenue of $739 million, with subscription revenue rising by 20% compared to 2023.

Workiva Inc.: Is Its Growth in Governance, Risk, & Compliance (GRC) Solutions Here To Stay?

<ul><li>Workiva's (Workiva Inc.) recent earnings report for the third quarter of 2024 highlights both significant achievements and challenges as the company navigates its growth strategy in a market characterized by heightened regulatory demands.</li><li>The quarter was marked by robust revenue growth, strong customer expansion, and effective operational execution.</li><li>However, it also presented the ongoing challenges of maintaining growth in a competitive environment and navigating regulatory uncertainties.</li></ul>

Workiva's (Workiva Inc.) recent earnings report for the third quarter of 2024 highlights both significant achievements and challenges as the company navigates its growth strategy in a market characterized by heightened regulatory demands.The quarter was marked by robust revenue growth, strong customer expansion, and effective operational execution.However, it also presented the ongoing challenges of maintaining growth in a competitive environment and navigating regulatory uncertainties.

Workiva Inc.: Expansion in European Markets As A Primary Growth Accelerator! - Major Drivers

<ul><li>Workiva reported involved Q2 2024 results, characterized by substantial growth in subscription revenue and total revenue, which increased by 18% and 15% respectively.</li><li>This robust financial performance led the company to revise upward its full-year revenue guidance, backed by record quarterly bookings and a more optimistic market outlook.</li><li>A notable aspect of the results was the expanded adoption of Workiva's solutions across diversified industries and regions, highlighting a growing acceptance of its integrated reporting platform.</li></ul>

Workiva reported involved Q2 2024 results, characterized by substantial growth in subscription revenue and total revenue, which increased by 18% and 15% respectively.This robust financial performance led the company to revise upward its full-year revenue guidance, backed by record quarterly bookings and a more optimistic market outlook.A notable aspect of the results was the expanded adoption of Workiva's solutions across diversified industries and regions, highlighting a growing acceptance of its integrated reporting platform.

Workiva Inc.: The Story Of Recent Subscription Revenue Growth & Customer Expansion! - Major Drivers

Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

Equity Capital Markets

<ul>
<li>OneStream, the financial software maker and enterprise-focused technology company, set terms for its IPO and plans to raise ~$441M at the midpoint of the range at $18.00 per share.  </li>
<li>The company was backed by American global investment company KKR, D1 Capital Partners, Investment Group of Santa Barbara and Tiger Global Management.</li>
<li>The offering is attractively valued vs. peers given 30%+ growth rates at scale and cash flow generation. OneStream shares are expected to list on the Nasdaq next week.</li>
</ul>


OneStream, the financial software maker and enterprise-focused technology company, set terms for its IPO and plans to raise ~$441M at the midpoint of the range at $18.00 per share.  
The company was backed by American global investment company KKR, D1 Capital Partners, Investment Group of Santa Barbara and Tiger Global Management.
The offering is attractively valued vs. peers given 30%+ growth rates at scale and cash flow generation. OneStream shares are expected to list on the Nasdaq next week.


OneStream IPO Preview and Valuation Analysis: Modest Upside and Top-Tier Backers

United States

Workiva Inc. provides cloud-based and mobile-enabled platforms for enterprises. The Company offers software to collect, manage, report and analyze business data in real time.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Workiva Inc (WK US)

Workiva Inc.: Mature Go-To-Market Strategies As A Significant Driver For Future Growth!

Workiva delivered solid first-quarter performance in 2025, marking a continuation of its growth trajectory. The company's total revenue increased...

Baptista Research

Workiva Inc.: Is Its Growth in Governance, Risk, & Compliance (GRC) Solutions Here To Stay?

Workiva, a prominent platform delivering solutions for financial and non-financial reporting, closed the fourth quarter of 2024 with results that...

Baptista Research

Workiva Inc.: Expansion in European Markets As A Primary Growth Accelerator! - Major Drivers

Workiva's (Workiva Inc.) recent earnings report for the third quarter of 2024 highlights both significant achievements and challenges as the...

Baptista Research

Workiva Inc.: The Story Of Recent Subscription Revenue Growth & Customer Expansion! - Major Drivers

Workiva reported involved Q2 2024 results, characterized by substantial growth in subscription revenue and total revenue, which increased by 18%...

Baptista Research

OneStream IPO Preview and Valuation Analysis: Modest Upside and Top-Tier Backers

OneStream, a KKR-backed financial software maker, plans to raise ~$441M in upcoming IPO. The IPO valuation looks attractive, and I see a modest...

Andrei Zakharov

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)