Guidewire Software, Inc.

Listed Company

GWRECIK 0001528396NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Jul 31

Period

FY 2025

Revenue

$1.20B

Net Income

$69.80M

Total Assets

$2.72B

Equity

$1.46B

Shares Out

84.66M

Op. Cash Flow

$300.87M

Business

Guidewire Software, Inc. provides a cloud-native platform that P&C insurers use to engage customers, modernize core systems, and operate more efficiently. It offers core operational products (Guidewire InsuranceSuite and InsuranceNow), digital engagement applications, data and analytics (including Predict, HazardHub, Canvas, and Cyence), and the Guidewire Marketplace, plus cloud operations, implementation, and support services. Key business areas include core systems, digital engagement, analytics and data platforms, cloud operations, professional services, and partner integrations. It sells primarily to global P&C insurers through a direct global salesforce and third-party system integrator partners via subscription and license arrangements.

Summary from filing dated 2025-09-11

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Total revenue	1,202	980	905	813	743
Total cost of revenue	450	397	447	435	354
Total gross profit	752	583	458	377	390
Research and development	296	269	250	229	201
Sales and marketing	230	199	188	183	151
General and administrative	184	168	170	165	143
Total operating expenses	711	636	608	577	495
Income (loss) from operations	41	−53	−149	−199	−106
Interest income	57	43	24	6	7
Interest expense	−13	−7	−7	−19	−19
Other income (expense), net	−35	−11	−2	−17	13
Income (loss) before provision for (benefit from) income taxes	49	−27	−134	−230	−104
Provision for (benefit from) income taxes	−20	−21	−22	−49	−38
Net income (loss)	70	−6	−112	−180	−67
Basic (in USD per share)	0.83	−0.07	−1.36	−2.16	−0.79
Diluted (in USD per share)	0.81	−0.07	−1.36	−2.16	−0.79
Basic (in shares)	84	82	82	84	84
Diluted (in shares)	86	82	82	84	84

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-08-31
Cash and cash equivalents	698	548	402	606	—
Short-term investments	452	456	397	370	—
Accounts receivable, net of allowances of $1,166 and $646, respectively	141	137	151	144	—
Unbilled accounts receivable, net	131	87	88	72	—
Prepaid expenses and other current assets	86	68	62	61	—
Total current assets	1,507	1,296	1,100	1,253	—
Long-term investments	334	126	129	188	—
Unbilled accounts receivable, net	670,000	4	11	14	—
Property and equipment, net	60	55	54	81	—
Operating lease assets	39	44	52	90	—
Intangible assets, net	12	9	14	21	—
Goodwill	394	372	372	372	31
Deferred tax assets, net	297	253	227	191	—
Other assets	76	67	68	57	—
TOTAL ASSETS	2,721	2,226	2,028	2,267	—
Accounts payable	29	15	35	40	—
Accrued employee compensation	141	109	104	91	—
Deferred revenue, net	340	282	207	171	—
Convertible senior notes, net	0	399	0	—	—
Other current liabilities	35	33	28	35	—
Total current liabilities	545	838	373	338	—
Lease liabilities	31	35	43	105	—
Convertible senior notes, net	675	0	397	—	—
Deferred revenue, net	5	4	6	200	—
Other liabilities	9	8	9	7	—
Total liabilities	1,264	884	828	815	—
Commitments and contingencies (Note 9)	—	—	—	—	—
Common stock, par value $0.0001 per share500,000,000 shares authorized as of July 31, 2025 and 2024; 84,530,418 and 83,025,637 shares issued and outstanding as of July 31, 2025 and 2024, respectively	8,000	8,000	8,000	8,000	—
Additional paid-in capital	2,020	1,979	1,831	1,755	—
Accumulated other comprehensive income (loss)	−9	−12	−14	−20	—
Retained earnings (accumulated deficit)	−554	−624	−618	−284	—
Total stockholders equity	1,457	1,343	1,199	1,452	—
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	2,721	2,226	2,028	2,267	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Depreciation and amortization	24	22	25	34	37
Amortization of debt issuance costs	4	2	2	14	14
Amortization of contract acquisition costs	20	18	18	15	11
Stock-based compensation	162	146	143	137	115
Changes to allowance for credit losses and revenue reserves	526,000	526,000	−131,000	3	226,000
Deferred income tax	−32	−27	−28	−54	−36
Amortization of premium (accretion of discount) on available-for-sale securities, net	−10	−13	−5	5	7
Gain on sale of strategic investments	−4	−2	0	0	—
Changes in fair value of strategic investments	2	2	802,000	−2	0
Accelerated depreciation related to lease assignment	0	0	27	0	0
Gain from lease assignment	0	0	−18	0	0
Loss on retirement of debt	54	0	0	—	—
Other non-cash items affecting net income (loss)	186,000	−74,000	164,000	63,000	863,000
Accounts receivable	−3	13	−7	−43	11
Unbilled accounts receivable	−39	8	−13	18	−19
Prepaid expenses and other assets	−47	−34	−23	−23	−17
Operating lease assets	4	9	−19	7	6
Accounts payable	11	−19	−6	14	4
Accrued employee compensation	30	6	12	−9	42
Deferred revenue	57	73	35	32	13
Lease liabilities	−3	−7	10	−10	−3
Other liabilities	1	5	−2	5	−7
Net cash provided by (used in) operating activities	301	196	38	−38	112
Purchases of available-for-sale securities	−859	−616	−506	−520	−1,033
Maturities and sales of available-for-sale securities	665	577	547	909	1,129
Purchases of property and equipment	−6	−6	−6	−10	−19
Capitalized software development costs	−15	−12	−12	−12	−10
Acquisition of strategic investments	−2	−1	−11	−12	−2
Sale of strategic investments	6	7	0	—	—
Acquisition of business, net of acquired cash	−27	0	0	−44	0
Net cash provided by (used in) investing activities	−237	−52	13	312	64
Proceeds from issuance of convertible senior notes, net of issuance costs	672	0	0	—	—
Payment for the retirement of convertible senior notes	−354	0	0	—	—
Payment for the maturity of convertible senior notes	−179	0	0	—	—
Purchase of capped calls	−59	0	0	—	—
Payment of revolving credit facility costs	−2	0	0	—	—
Proceeds from issuance of common stock upon exercise of stock options	4	1	228,000	116,000	2
Repurchase and retirement of common stock	0	0	−262	−37	−161
Net cash provided by (used in) financing activities	82	1	−262	−37	−159
Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash	4	−2	3	−7	2
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	150	142	−208	230	18
Cash paid for interest	12	5	5	5	5
Cash paid for income taxes, net of tax refunds	8	9	5	4	4
Accruals for purchase of property and equipment	3	682,000	1	1	2
Accruals for capitalized software development costs	1	920,000	1	1	845,000
Accruals for business acquisition purchase consideration holdback	987,000	0	0	—	—

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