Guidewire Software Inc., founded in 2001 and headquartered in Foster City, California, develops specialized software for the property and casualty insurance industry. The company derives revenue from subscription-based licenses and cloud services, with its primary products including PolicyCenter, BillingCenter, and ClaimCenter. Led by CEO Mike Rosenbaum since 2018, Guidewire leverages its comprehensive platform to serve over 350 global insurers and is expanding its cloud-native and digital offerings to fuel future growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
1,202,460
980,497
905,341
812,614
Cost of Sales
450,406
397,136
447,130
435,438
Gross Profit
752,053
583,361
458,211
377,176
Selling, General & Administrative Expenses
414,825
366,553
357,955
347,393
Research & Development Expenses
296,160
269,381
249,746
229,230
Operating Profit
41,068
(52,573)
(149,490)
(199,447)
Interest and Investment Income
56,625
43,478
24,389
6,277
Interest Expense
(13,211)
(6,738)
(6,716)
(19,446)
Non-Operating Income
(35,087)
(11,005)
(2,277)
(17,099)
Total Non-Operating Income
8,327
25,735
15,396
(30,268)
Income Before Provision for Income Taxes
49,395
(26,838)
(134,094)
(229,715)
Provision for Income Taxes
(20,409)
(20,735)
(22,239)
(49,284)
Consolidated Net Income
69,804
(6,103)
(111,855)
(180,431)
Net Income Attributable to Common Shareholders
69,804
(6,103)
(111,855)
(180,431)
Basic EPS
0.83
-0.07
-1.36
-2.16
Diluted EPS
0.81
-0.07
-1.36
-2.16
Basic Weighted Average Shares Outstanding
83,847
82,292
82,177
83,570
Diluted Weighted Average Shares Outstanding
85,912
82,292
82,177
83,570
Shares Outstanding
84,530
83,026
81,441
84,084
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
697,902
547,992
401,813
606,303
Short-Term Investments
451,541
455,576
396,872
369,865
Total Cash and Cash Equivalents
1,149,440
1,003,570
798,685
976,168
Accounts Receivable
271,598
224,370
238,786
215,312
Total Trade Receivables
271,598
224,370
238,786
215,312
Other Current Assets
86,374
67,596
62,132
61,223
Total Current Assets
1,507,420
1,295,530
1,099,600
1,252,700
Net Property, Plant & Equipment
99,745
99,159
106,872
171,027
Net Intangible Assets
12,042
9,005
14,473
21,361
Goodwill
393,978
372,214
372,214
372,192
Long-Term Investments
333,754
125,885
128,782
187,507
Other Long-Term Assets
374,165
324,497
305,944
262,107
Total Assets
2,721,100
2,226,290
2,027,890
2,266,900
Accounts Payable
28,797
15,209
34,627
40,440
Accrued Expenses
140,613
109,084
103,980
90,962
Short-Term Debt
—
398,903
—
—
Unearned Revenue
340,253
281,855
206,923
170,776
Other Current Liabilities
35,139
32,584
27,731
35,340
Total Current Liabilities
544,802
837,635
373,261
337,518
Long-Term Debt
674,568
—
397,171
358,216
Leases
30,687
34,721
42,972
105,123
Other Long-Term Liabilities
13,812
11,206
15,018
14,383
Total Long-Term Liabilities
719,067
45,927
455,161
477,722
Total Liabilities
1,263,870
883,562
828,422
815,240
Common Stock
8
8
8
8
Additional Paid-in Capital
2,020,390
1,979,020
1,831,270
1,755,480
Accumulated Other Comprehensive Income
(8,922)
(12,244)
(13,859)
(19,845)
Retained Earnings
(554,249)
(624,053)
(617,950)
(283,982)
Total Common Shareholders' Equity
1,457,230
1,342,730
1,199,470
1,451,660
Total Shareholders' Equity
1,457,230
1,342,730
1,199,470
1,451,660
Total Liabilities and Shareholders' Equity
2,721,100
2,226,290
2,027,890
2,266,900
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
69,804
(6,103)
(111,855)
(180,431)
Depreciation & Amortization
43,808
40,125
69,725
47,996
Share-Based Compensation Expense
161,556
146,460
142,842
137,011
Other Adjustments
14,388
(37,403)
(48,255)
(33,111)
Changes in Trade Receivables
(42,278)
20,307
(20,736)
(24,439)
Changes in Accounts Payable
11,399
(18,933)
(6,080)
13,580
Changes in Accrued Expenses
30,090
6,453
12,440
(8,942)
Changes in Unearned Revenue
56,617
72,572
34,635
31,564
Changes in Other Operating Activities
(44,517)
(27,730)
(34,321)
(21,168)
Cash from Operating Activities
300,867
195,748
38,395
(37,940)
Capital Expenditure
(5,741)
(6,362)
(5,821)
(9,510)
Purchases of Intangible Assets
(14,714)
(12,165)
(11,606)
(12,266)
Purchases of Investments
(860,343)
(617,271)
(516,955)
(531,096)
Proceeds from Sale of Investments
670,683
583,439
547,094
908,914
Payments for Business Acquisitions
(26,850)
—
—
(43,830)
Cash from Investing Activities
(236,965)
(52,359)
12,712
312,212
Issuance of Long-Term Debt
671,840
—
—
—
Repayments of Long-Term Debt
(532,596)
—
—
—
Net Issuance / (Repayments) of Long-Term Debt
139,244
—
—
—
Issuance of Common Shares
3,902
1,055
228
116
Repurchases of Common Shares
—
—
(261,807)
(37,451)
Net Issuance / (Repurchases) of Common Shares
3,902
1,055
(261,579)
(37,335)
Other Financing Activities
(60,853)
—
—
—
Cash from Financing Activities
82,293
1,055
(261,579)
(37,335)
Effect of Exchange Rate Changes on Cash and Cash Equivalents
3,715
(2,050)
2,576
(7,161)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash