GWRE

MKT CAP:$12B

Guidewire Software, Inc.

Market Cap

$12B

Technology·Software - Application·🇺🇸 United States·NYSE

Technology·Software App·🇺🇸·NYSE

Stock Price

$136.69-$50.94 (-27.15%)

Apr 24, 2026

Company Details

Guidewire Software, Inc. provides software products for property and casualty insurers worldwide. The company offers Guidewire InsuranceSuite comprising Guidewire PolicyCenter, BillingCenter, and ClaimCenter applications. It also provides G...

CEO

Michael George Rosenbaum

IPO Date

Jan 25, 2012

Website

www.guidewire.com

Key Metrics TTM

Revenue

$1.3B

+23.7% YoY

Net Income

$189M

EPS (Diluted)

$2.20

Free Cash Flow

$310M

Revenue / Share

$15.54

Gross Margin

63.8%

Operating Margin

6.8%

Net Margin

14.1%

FCF Margin

23.1%

P/S

8.8x

P/E

62.5x

Earnings Reports

Q2 2026

Mar 5, 2026

$359M+24.0%EPS $0.70

Q1 2026

Dec 3, 2025

$333M+26.5%EPS $0.36

FY 2025

Sep 11, 2025

$1.2B+22.6%EPS $0.81

Q4 2025

Sep 11, 2025

$357M+22.3%EPS $0.60

Q3 2025

Jun 3, 2025

$294M+22.0%EPS $0.54

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$197M	$84M	-$62M
Q4 22	$245M	$116M	-$32M
Q1 23	$195M	$72M	-$75M
Q2 23	$233M	$123M	-$23M
Q3 23	$207M	$99M	-$58M
Q4 23	$270M	$164M	$6M
Q1 24	$207M	$112M	-$34M
Q2 24	$241M	$142M	-$12M
Q3 24	$241M	$142M	-$17M
Q4 24	$292M	$186M	$10M
Q1 25	$263M	$158M	-$5M
Q2 25	$289M	$179M	$12M
Q3 25	$294M	$183M	$4M
Q4 25	$357M	$232M	$30M
Q1 26	$333M	$210M	$18M
Q2 26	$359M	$232M	$39M

Valuation

Quarter	P/S	P/E
Q3 22	9.1x	—
Q4 22	7.9x	—
Q1 23	5.8x	—
Q2 23	6.8x	—
Q3 23	7.0x	—
Q4 23	7.7x	—
Q1 24	7.7x	—
Q2 24	10.1x	—
Q3 24	9.7x	—
Q4 24	12.5x	—
Q1 25	15.1x	520.1x
Q2 25	16.5x	—
Q3 25	14.7x	484.6x
Q4 25	15.9x	273.6x
Q1 26	15.1x	209.1x
Q2 26	8.8x	62.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	-$11M	-$15M
Q4 22	$84M	$79M
Q1 23	-$87M	-$92M
Q2 23	$1M	-$3M
Q3 23	-$49M	-$52M
Q4 23	$173M	$167M
Q1 24	-$72M	-$77M
Q2 24	$69M	$64M
Q3 24	$5M	$754.0K
Q4 24	$194M	$189M
Q1 25	-$62M	-$67M
Q2 25	$86M	$85M
Q3 25	$32M	$32M
Q4 25	$245M	$241M
Q1 26	-$67M	-$72M
Q2 26	$112M	$109M

Capital Expenditures

Quarter	CapEx
Q3 22	$4M
Q4 22	$5M
Q1 23	$4M
Q2 23	$4M
Q3 23	$3M
Q4 23	$6M
Q1 24	$5M
Q2 24	$5M
Q3 24	$4M
Q4 24	$4M
Q1 25	$5M
Q2 25	$790.0K
Q3 25	$703.0K
Q4 25	$3M
Q1 26	$5M
Q2 26	$3M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+20.4%	+23.3%
Q4 22	+6.6%	+20.6%
Q1 23	+17.7%	+16.7%
Q2 23	+13.7%	+4.8%
Q3 23	+5.1%	+2.1%
Q4 23	+10.4%	-4.7%
Q1 24	+6.2%	-10.6%
Q2 24	+3.6%	-1.0%
Q3 24	+16.0%	-3.0%
Q4 24	+8.0%	+6.6%
Q1 25	+26.8%	+11.0%
Q2 25	+20.2%	+9.7%
Q3 25	+22.0%	+12.3%
Q4 25	+22.3%	+16.3%
Q1 26	+26.5%	+17.4%
Q2 26	+24.0%	+15.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$33M	16.7%
Q4 22	$34M	13.9%
Q1 23	$35M	18.0%
Q2 23	$36M	15.6%
Q3 23	$35M	16.9%
Q4 23	$37M	13.5%
Q1 24	$36M	17.4%
Q2 24	$36M	15.1%
Q3 24	$37M	15.2%
Q4 24	$37M	12.8%
Q1 25	$38M	14.5%
Q2 25	$41M	14.1%
Q3 25	$40M	13.7%
Q4 25	$42M	11.8%
Q1 26	$43M	13.0%
Q2 26	$47M	13.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 22	$58M	$43M	$45M
Q4 22	$65M	$31M	$52M
Q1 23	$58M	$42M	$46M
Q2 23	$62M	$40M	$45M
Q3 23	$63M	$47M	$47M
Q4 23	$67M	$41M	$50M
Q1 24	$62M	$39M	$45M
Q2 24	$65M	$40M	$49M
Q3 24	$66M	$42M	$50M
Q4 24	$75M	$46M	$55M
Q1 25	$69M	$43M	$51M
Q2 25	$70M	$42M	$55M
Q3 25	$73M	$48M	$58M
Q4 25	$84M	$52M	$66M
Q1 26	$78M	$48M	$64M
Q2 26	$83M	$48M	$61M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q3 22	20.4%	-30.2%	-9.8
Q4 22	6.6%	-9.7%	-3.1
Q1 23	17.7%	-39.0%	-21.3
Q2 23	13.7%	0.0%	13.7
Q3 23	5.1%	-23.5%	-18.5
Q4 23	10.4%	8.3%	18.7
Q1 24	6.2%	-15.2%	-9.0
Q2 24	3.6%	5.9%	9.4
Q3 24	16.0%	-2.8%	13.2
Q4 24	8.0%	9.0%	17.0
Q1 25	26.8%	4.1%	30.8
Q2 25	20.2%	-11.4%	8.7
Q3 25	22.0%	19.9%	41.8
Q4 25	22.3%	14.2%	36.5
Q1 26	26.5%	10.3%	36.8
Q2 26	24.0%	15.2%	39.2

Rule of 40

Revenue Segments

Quarter	Perpetual License	Service	Subscription	Support	Term License
Q3 22	$46.0K	$57M	$66M	$20M	$54M
Q4 22	$49.0K	$56M	$73M	$21M	$95M
Q1 23	$63.0K	$55M	$79M	$20M	$41M
Q2 23	$48.0K	$54M	$86M	$20M	$73M
Q3 23	$46.0K	$49M	$89M	$18M	$51M
Q4 23	$47.0K	$52M	$98M	$19M	$101M
Q1 24	$48.0K	$46M	$110M	$18M	$34M
Q2 24	$48.0K	$38M	$113M	$19M	$71M
Q3 24	$1M	$46M	$120M	$18M	$55M
Q4 24	$26.0K	$51M	$134M	$18M	$89M
Q1 25	—	$56M	$153M	$17M	$37M
Q2 25	—	$48M	$162M	$16M	$64M
Q3 25	$118.0K	$54M	$166M	$15M	$57M
Q4 25	—	$61M	$186M	$15M	$94M
Q1 26	—	$68M	$207M	$15M	$42M
Q2 26	—	$62M	$223M	$14M	$60M

Revenue by Geography

Quarter	Apac	Americas	Emea
Q3 22	$15M	$157M	$26M
Q4 22	$15M	$190M	$39M
Q1 23	$17M	$151M	$27M
Q2 23	$19M	$178M	$36M
Q3 23	$15M	$166M	$26M
Q4 23	$19M	$197M	$53M
Q1 24	$18M	$156M	$33M
Q2 24	$21M	$181M	$39M
Q3 24	$16M	$190M	$35M
Q4 24	$21M	$222M	$48M
Q1 25	$25M	$202M	$35M
Q2 25	$22M	$222M	$45M
Q3 25	$25M	$226M	$42M
Q4 25	$22M	$274M	$61M

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$327M	$481M	$808M
Q4 22	$606M	$370M	$976M
Q1 23	$263M	$442M	$705M
Q2 23	$275M	$440M	$715M
Q3 23	$267M	$421M	$688M
Q4 23	$402M	$397M	$799M
Q1 24	$301M	$412M	$713M
Q2 24	$350M	$428M	$778M
Q3 24	$360M	$423M	$782M
Q4 24	$548M	$456M	$1.0B
Q1 25	$824M	$515M	$1.3B
Q2 25	$697M	$471M	$1.2B
Q3 25	$510M	$410M	$920M
Q4 25	$699M	$452M	$1.2B
Q1 26	$492M	$520M	$1.0B
Q2 26	$408M	$511M	$919M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	84M	+0.3%	+0.1%
Q4 22	84M	+0.3%	+0.9%
Q1 23	83M	-0.8%	+0.1%
Q2 23	82M	-1.5%	-1.6%
Q3 23	82M	-0.3%	-2.2%
Q4 23	82M	+0.4%	-2.2%
Q1 24	82M	-0.5%	-2.0%
Q2 24	83M	+2.0%	+1.5%
Q3 24	83M	-1.0%	+0.8%
Q4 24	82M	-0.3%	+0.2%
Q1 25	86M	+4.5%	+5.2%
Q2 25	84M	-2.6%	+0.5%
Q3 25	86M	+2.6%	+4.1%
Q4 25	86M	+0.5%	+4.8%
Q1 26	86M	+0.2%	+0.6%
Q2 26	86M	-0.1%	+3.1%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$67.1K	3K
Q4 22	$72.5K	3K
Q1 23	$57.8K	3K
Q2 23	$68.9K	3K
Q3 23	$61.5K	3K
Q4 23	$79.1K	3K
Q1 24	$60.7K	3K
Q2 24	$70.5K	3K
Q3 24	$70.5K	3K
Q4 24	$84.0K	3K
Q1 25	$75.8K	3K
Q2 25	$83.4K	3K
Q3 25	$84.6K	3K
Q4 25	$94.5K	4K
Q1 26	$88.2K	4K
Q2 26	$95.2K	4K

Revenue / Employee