Guidewire Software
GWRE · NYSEServices-Prepackaged Software · Fiscal year ends Jul 31
Guidewire Software reported revenue of $1.5B in the fiscal year ended Jul 2026, up 22.7% from the year before. Operating income was $150M, an operating margin of 10.2%, and net income was $139M. Operating cash flow of $390M less capital expenditure of $12M left free cash flow of $378M. Net debt was $305M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Revenue | $813M | $905M | $980M | $1.2B | $1.5B |
| Cost of revenue | $435M | $447M | $397M | $450M | $528M |
| Gross profit | $377M | $458M | $583M | $752M | $947M |
| Research & development | $229M | $250M | $269M | $296M | $340M |
| Operating income | −$199M | −$149M | −$53M | $41M | $150M |
| Interest expense | $19M | $7M | $7M | $13M | $13M |
| Pre-tax income | −$230M | −$134M | −$27M | $49M | $164M |
| Income tax | −$49M | −$22M | −$21M | −$20M | $25M |
| Net income | −$180M | −$112M | −$6M | $70M | $139M |
| Diluted EPS | −2.16 | −1.36 | −0.07 | 0.81 | 1.63 |
| Diluted shares | 84M | 82M | 82M | 86M | 85M |
Balance sheet
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $606M | $402M | $548M | $698M | $373M |
| Receivables | $144M | $151M | $137M | $141M | $194M |
| Current assets | $1.3B | $1.1B | $1.3B | $1.5B | $1.2B |
| Net PP&E | $81M | $54M | $55M | $60M | $68M |
| Goodwill | $372M | $372M | $372M | $394M | $423M |
| Total assets | $2.3B | $2B | $2.2B | $2.7B | $2.6B |
| Payables | $40M | $35M | $15M | $29M | $38M |
| Deferred revenue | $171M | $207M | $282M | $340M | $439M |
| Current liabilities | $338M | $373M | $838M | $545M | $664M |
| Long-term debt | $358M | $397M | $399M | $675M | $678M |
| Total liabilities | $815M | $828M | $884M | $1.3B | $1.4B |
| Shareholders' equity | $1.5B | $1.2B | $1.3B | $1.5B | $1.2B |
| Backlog (remaining obligations) | $1.1B | $1.5B | $2B | $3.1B | $4.3B |
Cash flow
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −$38M | $38M | $196M | $301M | $390M |
| Capital expenditure | $10M | $6M | $6M | $6M | $12M |
| Free cash flow | −$47M | $33M | $189M | $295M | $378M |
| Depreciation & amortisation | $34M | $25M | $22M | $24M | $28M |
| Stock-based compensation | $137M | $143M | $146M | $162M | $182M |
| Acquisitions | $44M | $0 | $0 | $27M | $38M |
| Share buybacks | $37M | $262M | $0 | $0 | $606M |
Key ratios
| Fiscal year | Jul 2022 | Jul 2023 | Jul 2024 | Jul 2025 | Jul 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 11.4% | 8.3% | 22.6% | 22.7% |
| Operating income growth (YoY) | – | – | – | – | 264.9% |
| EPS growth (YoY) | – | – | – | – | 101.2% |
| Gross margin | 46.4% | 50.6% | 59.5% | 62.5% | 64.2% |
| Operating margin | −24.5% | −16.5% | −5.4% | 3.4% | 10.2% |
| Net margin | −22.2% | −12.4% | −0.6% | 5.8% | 9.4% |
| Return on equityBlank when equity is negative | −12.4% | −9.3% | −0.5% | 4.8% | 11.7% |
| ROCEEBIT ÷ (assets − current liabilities) | −10.3% | −9.0% | −3.8% | 1.9% | 7.8% |
| Free cash flow margin | −5.8% | 3.6% | 19.3% | 24.5% | 25.6% |
| Cash conversion (CFO ÷ net income) | 0.21x | −0.34x | −32.1x | 4.31x | 2.80x |
| Receivable days | 65 | 61 | 51 | 43 | 48 |
| Payable days | 34 | 28 | 14 | 23 | 26 |
| Interest cover | −10.3x | −22.3x | −7.80x | 3.11x | 11.2x |
| Debt ÷ equity | 0.25x | 0.33x | 0.30x | 0.46x | 0.57x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$248M | −$5M | −$149M | −$23M | $305M |
| Current ratio | 3.71x | 2.95x | 1.55x | 2.77x | 1.79x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.