Shares of Workiva (WK) skyrocketed 32.93% in Friday's intraday trading session, following the company's impressive second-quarter financial results and raised full-year guidance. The cloud-based compliance and regulatory reporting solutions provider significantly outperformed market expectations, demonstrating strong growth and increasing demand for its offerings.

Workiva reported second-quarter revenue of $215.2 million, representing a robust 21% year-over-year growth and surpassing analyst estimates of $208.9 million. The company's subscription and support revenue, which forms the bulk of its income, climbed 23% to $198 million. On the profitability front, Workiva posted adjusted earnings of $0.19 per share, considerably higher than the analyst consensus of $0.05 per share.

CEO Julie Iskow attributed the strong performance to "continued demand for our broad portfolio of solutions and unified platform." The company also highlighted that customers with annual contract value over $500,000 grew by 35% year-over-year, indicating increasing adoption among larger clients. Looking ahead, Workiva raised its full-year 2025 guidance, projecting revenue between $870 million to $873 million, up from previous estimates and representing at least 18% growth over 2024. The company also increased its adjusted earnings forecast to $1.31 to $1.38 per share, surpassing both analyst expectations and the previous year's results. This positive outlook, coupled with the strong Q2 performance, has fueled investor optimism and contributed to the significant stock price surge.