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Side-by-side financial comparison of INDEPENDENCE REALTY TRUST, INC. (IRT) and WORKIVA INC (WK). Click either name above to swap in a different company.
WORKIVA INC is the larger business by last-quarter revenue ($238.9M vs $165.3M, roughly 1.4× INDEPENDENCE REALTY TRUST, INC.). On growth, WORKIVA INC posted the faster year-over-year revenue change (19.5% vs 2.5%). Over the past eight quarters, WORKIVA INC's revenue compounded faster (16.6% CAGR vs 2.2%).
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
Workiva, Inc. is a global software-as-a-service (SaaS) company. It provides a cloud-based connected and reporting compliance platform that enables the use of connected data and automation of reporting across finance, accounting, risk, and compliance.
IRT vs WK — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $165.3M | $238.9M |
| Net Profit | — | $11.8M |
| Gross Margin | — | 80.7% |
| Operating Margin | — | 3.3% |
| Net Margin | — | 4.9% |
| Revenue YoY | 2.5% | 19.5% |
| Net Profit YoY | — | 234.0% |
| EPS (diluted) | $0.00 | $0.21 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $165.3M | — | ||
| Q4 25 | $167.1M | $238.9M | ||
| Q3 25 | $167.1M | $224.2M | ||
| Q2 25 | $162.2M | $215.2M | ||
| Q1 25 | $161.2M | $206.3M | ||
| Q4 24 | $161.0M | $199.9M | ||
| Q3 24 | $160.1M | $185.6M | ||
| Q2 24 | $158.4M | $177.5M |
| Q1 26 | — | — | ||
| Q4 25 | $33.3M | $11.8M | ||
| Q3 25 | $6.9M | $2.8M | ||
| Q2 25 | $8.0M | $-19.4M | ||
| Q1 25 | $8.4M | $-21.4M | ||
| Q4 24 | $-1.0M | $-8.8M | ||
| Q3 24 | $12.4M | $-17.0M | ||
| Q2 24 | $10.4M | $-17.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 80.7% | ||
| Q3 25 | — | 79.3% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 76.6% | ||
| Q4 24 | — | 77.1% | ||
| Q3 24 | — | 76.5% | ||
| Q2 24 | — | 76.8% |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.3% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -10.3% | ||
| Q1 25 | — | -12.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | -13.0% |
| Q1 26 | — | — | ||
| Q4 25 | 19.9% | 4.9% | ||
| Q3 25 | 4.1% | 1.2% | ||
| Q2 25 | 5.0% | -9.0% | ||
| Q1 25 | 5.2% | -10.4% | ||
| Q4 24 | -0.6% | -4.4% | ||
| Q3 24 | 7.7% | -9.2% | ||
| Q2 24 | 6.5% | -9.9% |
| Q1 26 | $0.00 | — | ||
| Q4 25 | $0.14 | $0.21 | ||
| Q3 25 | $0.03 | $0.05 | ||
| Q2 25 | $0.03 | $-0.35 | ||
| Q1 25 | $0.04 | $-0.38 | ||
| Q4 24 | $-0.01 | $-0.15 | ||
| Q3 24 | $0.05 | $-0.31 | ||
| Q2 24 | $0.05 | $-0.32 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $23.3M | $338.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.4B | $-5.4M |
| Total Assets | $6.1B | $1.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $23.3M | — | ||
| Q4 25 | $23.6M | $338.8M | ||
| Q3 25 | $23.3M | $315.9M | ||
| Q2 25 | $19.5M | $284.3M | ||
| Q1 25 | $29.1M | $242.0M | ||
| Q4 24 | $21.2M | $301.8M | ||
| Q3 24 | $17.6M | $248.2M | ||
| Q2 24 | $21.0M | $267.9M |
| Q1 26 | — | — | ||
| Q4 25 | $2.3B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.2B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.3B | — | ||
| Q3 24 | $2.3B | — | ||
| Q2 24 | $2.3B | — |
| Q1 26 | $3.4B | — | ||
| Q4 25 | $3.5B | $-5.4M | ||
| Q3 25 | $3.5B | $-36.9M | ||
| Q2 25 | $3.4B | $-66.5M | ||
| Q1 25 | $3.5B | $-75.7M | ||
| Q4 24 | $3.4B | $-41.7M | ||
| Q3 24 | $3.4B | $-50.8M | ||
| Q2 24 | $3.4B | $-77.7M |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.0B | $1.5B | ||
| Q3 25 | $6.1B | $1.4B | ||
| Q2 25 | $6.0B | $1.3B | ||
| Q1 25 | $6.0B | $1.3B | ||
| Q4 24 | $6.1B | $1.4B | ||
| Q3 24 | $5.9B | $1.3B | ||
| Q2 24 | $5.9B | $1.2B |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.66× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.65× | — | ||
| Q4 24 | 0.68× | — | ||
| Q3 24 | 0.68× | — | ||
| Q2 24 | 0.66× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $51.0M |
| Free Cash FlowOCF − Capex | — | $50.7M |
| FCF MarginFCF / Revenue | — | 21.2% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 4.31× |
| TTM Free Cash FlowTrailing 4 quarters | — | $138.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $282.1M | $51.0M | ||
| Q3 25 | $79.3M | $46.2M | ||
| Q2 25 | $82.2M | $50.3M | ||
| Q1 25 | $60.4M | $-7.4M | ||
| Q4 24 | $259.8M | $44.0M | ||
| Q3 24 | $69.2M | $18.9M | ||
| Q2 24 | $83.0M | $-14.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | $50.7M | ||
| Q3 25 | — | $46.1M | ||
| Q2 25 | — | $49.3M | ||
| Q1 25 | — | $-8.1M | ||
| Q4 24 | — | $43.2M | ||
| Q3 24 | — | $18.7M | ||
| Q2 24 | — | $-122.0K |
| Q1 26 | — | — | ||
| Q4 25 | — | 21.2% | ||
| Q3 25 | — | 20.5% | ||
| Q2 25 | — | 22.9% | ||
| Q1 25 | — | -3.9% | ||
| Q4 24 | — | 21.6% | ||
| Q3 24 | — | 10.1% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.4% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | 8.48× | 4.31× | ||
| Q3 25 | 11.51× | 16.57× | ||
| Q2 25 | 10.22× | — | ||
| Q1 25 | 7.23× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 5.60× | — | ||
| Q2 24 | 8.02× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IRT
| Rental and other property revenue | $165.2M | 100% |
| Other revenue | $109.0K | 0% |
WK
| License And Service | $219.3M | 92% |
| XBRL Professional Services | $16.4M | 7% |
| Other Services | $3.2M | 1% |
