Produce your annual report, sustainability report, or proxy statement from the same linked figures your team already reviews. We set up the styles, page layouts, and production schedule in Workiva, and we work with your designer when the final pages are laid out in InDesign.
Your designer decides how the report looks, and your reporting team keeps control of what it says. We set up the process that lets both happen in the same cycle.
Turn your brand guidelines into Workiva paragraph and character styles, a color palette, and a page grid. Lock the styles that must stay consistent, so contributors can write without reformatting.
Lay out covers, section openers, and highlight pages in Workiva with text boxes, images, charts, and shapes anchored to the text they belong with. Figures in the narrative and charts link to your reporting data, so a corrected number reaches every page once the links are published.
When the design calls for InDesign, Workiva remains the source of the content. Your designer places the exported ICML files, controls the styling, and receives updated content as the report changes. While the stories stay linked, the text in InDesign matches what was approved in Workiva.
Plan review rounds around content freeze, layout, and final proof. Reviewers comment on the page in Workiva, and blacklines show what changed between rounds. Before release, we check the PDF, print, and web versions against the approved content.
Each sample uses the same style guide and photography, and figures that appear in more than one report link to one reporting model. Choose a report to see two of its pages and what is set up behind them.
Sample reports in the Lockfield brand. The company figures, board data, and pay data are fictional.
In this annual report, the headline figures and charts on the overview page come from one reporting model.
Annual Report 2025
Growth in every segment
lockfield.coAnnual Report 2025Overview
Performance
2025 at a glance
Revenue grew 9.4% to $482.6 million, with growth in every segment. Operating margin improved to 12.8%, and contracted backlog reached $596.0 million.
Revenue
$482.6m
+9.4% vs 2024
Operating margin
12.8%
+0.8 pts vs 2024
Free cash flow¹
$44.1m
+14.0% vs 2024
Contracted backlog
$596.0m
+8.7% vs 2024
Revenue $ millions
Revenue by segment 2025
Implementation services grew 11.5% as clients moved more of their reporting into connected models. Managed reporting added 6.0%, led by renewals of multi-year agreements.
Software and licensing rose 12.0%. Operating income increased to $61.8 million, and free cash flow funded our investment in delivery capacity without new borrowing.
2,140
employees at year end
94%
client retention, up from 92%
−39.0%
scope 1 and 2 emissions since 2021
¹ Free cash flow is a non-GAAP measure. See the reconciliation in Appendix A. Percentages may not total 100 because of rounding.
Lockfield4
The sustainability report uses the same styles as the annual report, from the cover to the climate page.
Sustainability Report 2025
39% lower operational emissions since 2021
Progress on our 2030 climate commitments, prepared with reference to the GRI Standards.
lockfield.coSustainability Report 2025Climate
Operational emissions
Reducing our scope 1 and 2 emissions
Scope 1 and 2 emissions fell to 6,100 tCO₂e in 2025, 39.0% below our 2021 baseline. We have reached 65% of our 2030 reduction target.
Scope 1 and 2 emissions tCO₂e
What changed in 2025
We moved four more offices to renewable electricity contracts, which accounts for most of the scope 2 reduction. Renewable supply now covers 71% of the electricity we use.
Scope 1 emissions fell as we replaced fleet vehicles with electric models. Business travel per employee dropped to 1.84 tCO₂e as more client workshops moved to shared online review.
| Metric | 2025 | 2024 | Change |
|---|---|---|---|
| Scope 1 | 1,690 | 1,810 | −6.6% |
| Scope 2 (market-based) | 4,410 | 5,330 | −17.3% |
| Total scope 1 and 2 | 6,100 | 7,140 | −14.6% |
| Intensity (tCO₂e per $m revenue) | 12.6 | 16.2 | −21.9% |
| Business travel (tCO₂e per employee) | 1.84 | 2.10 | −12.4% |
Scope 2 emissions are reported on a market basis. Intensity uses revenue from the 2025 Annual Report. GRI 305-1, 305-2, 305-4.
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In the proxy statement, the board figures are calculated from one director table, and the incentive scorecard uses the same linked results as the annual report.
2026 Proxy StatementCorporate governance
Our board
Board at a glance
Our directors bring finance and technology experience to oversight of the company. The board met 9 times in 2025.
Independence
89%
8 of 9 directors are independent
Average tenure
6.2 yrs
4 directors with 0–4 years, 3 directors with 5–9 years, 2 directors with 10+ years
Financial expertise
5 of 9
directors have finance and accounting experience
Director skills and experience each column is one director
| Skill | A | B | C | D | E | F | G | H | I | Total |
|---|---|---|---|---|---|---|---|---|---|---|
| Finance and accounting | Yes | No | Yes | No | Yes | No | Yes | Yes | No | 5 |
| Technology and data | Yes | Yes | No | Yes | No | Yes | No | No | No | 4 |
| Risk and controls | Yes | No | Yes | Yes | No | No | Yes | No | Yes | 5 |
| Industry operations | No | Yes | No | No | Yes | Yes | No | Yes | Yes | 5 |
| Sustainability | No | Yes | No | Yes | No | No | Yes | No | No | 3 |
| Public company leadership | No | No | Yes | No | Yes | Yes | No | Yes | Yes | 5 |
Board committees 2025, all members independent
| Committee | Members | Independent | Chair | Meetings |
|---|---|---|---|---|
| Audit | 4 | 4 of 4 | Director G | 8 |
| Compensation | 3 | 3 of 3 | Director H | 6 |
| Nominating and governance | 3 | 3 of 3 | Director I | 5 |
| Risk and technology | 4 | 4 of 4 | Director D | 5 |
Director information as of March 2, 2026. Directors are identified by letter in this summary; full biographies begin on page 14.
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2026 Proxy StatementExecutive compensation
Pay and performance
Compensation at a glance
Most of our chief executive’s target pay depends on results. The annual incentive is based on three measures the compensation committee approves at the start of each year.
Chief executive target pay $6.0m in total, 84.2% at risk
$0.95mBase salary
$1.24mAnnual incentive
$3.81mLong-term incentive
2025 annual incentive scorecard
| Measure | Weight | Target | Result | Achieved |
|---|---|---|---|---|
| Operating income | 50% | $58.0m | $61.8m | 106.6% |
| Free cash flow | 30% | $42.0m | $44.1m | 105.0% |
| Client retention | 20% | 92% | 94% | 102.2% |
The committee set each 2025 target at or above the prior-year result. Results exceeded target on all three measures, so the annual incentive paid above target.
How the pay program works
| Element | Form | Period | What it rewards |
|---|---|---|---|
| Base salary | Cash | Ongoing | Role, experience, and market pay |
| Annual incentive | Cash | 1 year | Operating income, free cash flow, and client retention |
| Long-term incentive | Performance and restricted stock units | 3 years | Revenue growth and relative shareholder return |
94.1%
of votes cast supported our say-on-pay proposal at the 2025 annual meeting.
Free cash flow is a non-GAAP measure. See the reconciliation in Appendix A. Target pay reflects base salary, target annual incentive, and the grant-date value of long-term awards.
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The investor presentation pairs a title slide with a highlights slide built from the same figures as the annual report.
Fourth quarter and full-year 2025 results
Revenue
$482.6m
+9.4%
Operating margin
12.8%
+0.8 pts
Free cash flow*
$44.1m
+14.0%
Contracted backlog
$596.0m
+8.7%
* Free cash flow is a non-GAAP measure. See the reconciliation in Appendix A.3Both routes keep the content and figures in Workiva. The difference is where your designer lays out the pages.
A good fit when the report changes often, has many contributors, or needs PDF and web versions from the same source. Content, layout, and review stay in one place.
A good fit when the front of the report is heavily art-directed or your agency already works in InDesign. Your team writes and approves in Workiva, and your designer lays out the pages.
Many reports combine the two: an art-directed front section laid out in InDesign, with the financial statements and notes produced in Workiva.
Agree the schedule before drafting starts. We set review rounds, export dates, and sign-off points around the one that fits your report.
Finalize the content, review it, then lay it out. This leaves the most time for revisions and suits annual reports with a long lead time.
Layout starts while late sections are still being written. It shortens the schedule and needs a clear owner for every late change.
The content is complete and locked before design starts. This suits earnings materials and other reports with strict confidentiality.
Your team and your designer receive what they need to roll the report forward.
The named styles, colors, and grid, with notes on which styles are locked and why.
Recurring pages and sections ready to roll forward, with linked figures in place.
Content freeze, review rounds, layout, and proof dates, each with an owner.
The PDF, print, and web checks to run before release, and who signs off on each.