Guidewire Software (GWRE) financial statements
Guidewire Software reported revenue of $1.5B in fiscal 2026, up 12.5% a year over 9 years.
Net income was $139M and the operating margin 10.2%, against 4.3% in 2017.
Free cash flow was $359M, and the company returned $606M in net buybacks.
The diluted share count rose 13% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Guidewire Software's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $510M | $653M | $720M | $742M | $743M | $813M | $905M | $980M | $1.2B | $1.5B |
| Cost of revenue | $192M | $297M | $324M | $338M | $354M | $435M | $447M | $397M | $450M | $528M |
| Gross profit | $318M | $356M | $395M | $404M | $390M | $377M | $458M | $583M | $752M | $947M |
| Research and development | $130M | $172M | $189M | $201M | $201M | $229M | $250M | $269M | $296M | $340M |
| Selling, general and admin | $166M | $200M | $205M | $228M | $294M | $347M | $358M | $367M | $415M | $457M |
| Operating income | $22M | -$16M | $1M | -$24M | -$106M | -$199M | -$149M | -$53M | $41M | $150M |
| Interest expense | $13,000 | $6M | $17M | $18M | $19M | $19M | $7M | $7M | $13M | $13M |
| Pre-tax income | $29M | -$8M | $12M | -$24M | -$104M | -$230M | -$134M | -$27M | $49M | $164M |
| Income tax | $10M | $18M | -$8M | $3M | -$38M | -$49M | -$22M | -$21M | -$20M | $25M |
| Net income | $18M | -$27M | $21M | -$27M | -$67M | -$180M | -$112M | -$6M | $70M | $139M |
| EPS (diluted) | $0.24 | -$0.34 | $0.25 | -$0.33 | -$0.79 | -$2.16 | -$1.36 | -$0.07 | $0.81 | $1.63 |
| Diluted shares | 75M | 78M | 83M | 83M | 84M | 84M | 82M | 82M | 86M | 85M |
| Gross margin | 62.4% | 54.5% | 54.9% | 54.5% | 52.4% | 46.4% | 50.6% | 59.5% | 62.5% | 64.2% |
| Operating margin | 4.3% | -2.4% | 0.2% | -3.2% | -14.2% | -24.5% | -16.5% | -5.4% | 3.4% | 10.2% |
| Net margin | 3.5% | -4.1% | 2.9% | -3.7% | -8.9% | -22.2% | -12.4% | -0.6% | 5.8% | 9.4% |
Balance sheet
Fiscal years, from Guidewire Software's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $573M | $1.1B | $1.1B | $1.1B | $1.1B | $976M | $799M | $1.0B | $1.1B | $753M |
| Receivables | $79M | $125M | $138M | $114M | $104M | $144M | $151M | $137M | $141M | $194M |
| Total current assets | $679M | $1.2B | $1.3B | $1.3B | $1.4B | $1.3B | $1.1B | $1.3B | $1.5B | $1.2B |
| Property, plant and equipment | $14M | $19M | $66M | $65M | $80M | $81M | $54M | $55M | $60M | $68M |
| Goodwill | $142M | $341M | $341M | $341M | $341M | $372M | $372M | $372M | $394M | $423M |
| Total assets | $1.1B | $2.0B | $2.2B | $2.4B | $2.3B | $2.3B | $2.0B | $2.2B | $2.7B | $2.6B |
| Total current liabilities | $168M | $238M | $232M | $225M | $300M | $338M | $373M | $838M | $545M | $664M |
| Total liabilities | $190M | $568M | $593M | $708M | $777M | $815M | $828M | $884M | $1.3B | $1.4B |
| Shareholders' equity | $889M | $1.4B | $1.6B | $1.7B | $1.5B | $1.5B | $1.2B | $1.3B | $1.5B | $1.2B |
| Net debt | -$263M | -$437M | -$254M | -$367M | -$385M | -$606M | -$402M | -$548M | -$698M | -$373M |
Cash flow
Fiscal years, from Guidewire Software's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $139M | $140M | $116M | $113M | $112M | -$38M | $38M | $196M | $301M | $390M |
| Capital spending | $7M | $12M | $49M | $26M | $29M | $22M | $17M | $19M | $20M | $31M |
| Free cash flow | $132M | $128M | $67M | $87M | $83M | -$60M | $21M | $177M | $280M | $359M |
| Stock-based compensation | $72M | $90M | $92M | $102M | $115M | $137M | $143M | $146M | $162M | $182M |
| Share buybacks (net) | — | — | $0 | $0 | -$161M | -$37M | -$262M | $0 | $0 | -$606M |
| Free cash flow margin | 25.9% | 19.7% | 9.3% | 11.8% | 11.1% | -7.3% | 2.3% | 18.1% | 23.3% | 24.3% |
Questions
What was Guidewire Software's revenue in 2026?
$1.5B in fiscal 2026, from its 10-K filing.
How much free cash flow does Guidewire Software generate?
$359M in fiscal 2026 (operating cash flow minus capital spending).
From Guidewire Software's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.