AI-extracted from the 10-K filed 2026-09-11 — FY2026 (fiscal year ended July 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Guidewire delivered $1,475.4M in total revenue (+23% YoY) with subscription and support revenue reaching $970.9M (+34% YoY), driven by cloud migrations and new subscription agreements.
Biggest Revenue Drivers
Subscription and Support$970.9M+34% YoY
Cloud transition agreements, new subscription agreements, and renewed subscriptions at fully ramped annual fees.
Services$269.9M+23% YoY
Higher utilization of services employees and new subscription implementation and migration projects.
Biggest Revenue Drivers
Total revenue: $1,475.4M+23% YoY
Subscription and Support$970.9M+34% YoY
Cloud transition agreements, new subscription agreements, and renewed subscriptions at fully ramped annual fees.
Services$269.9M+23% YoY
Higher utilization of services employees and new subscription implementation and migration projects.
License$234.6M-7% YoY
Customers migrating from term licenses to subscription services, partially offset by renewal increases.
Largest Expense Items
Cost of Revenue$528.0M+17% YoY
Increases in cloud infrastructure costs (+$14.6M), personnel costs (+$8.9M), and amortization of intangible assets (+$2.0M).
Research and Development$340.1M+15% YoY
Higher headcount (+139 personnel), web hosting and software subscription costs (+$7.9M), and professional services (+$3.7M).
Sales and Marketing$258.9M+12% YoY
Personnel costs from higher headcount (+$18.9M), travel costs (+$4.9M), and marketing/advertising expenses (+$4.9M).
General and Administrative$198.5M+8% YoY
Higher headcount and stock-based compensation (+$11.2M), bad debt expense (+$1.5M), and facilities costs (+$1.0M).
Margins: Gross margin improved to 64% in FY2026 from 63% in FY2025, driven by subscription and support revenue growing faster than costs. Management expects subscription and support gross margin to continue improving as cloud customers scale, though at slower rates than recent years, while overall margins should benefit from services and subscription improvements offsetting license margin declines.
Watch Items from the Filing
Top ten customers represented 21% of revenue in FY2026 and 20% of total ARR as of July 31, 2026; composition varies annually and these large customers have substantial negotiating leverage.
License revenue declined 7% YoY as customers migrate to cloud-based subscriptions; management expects license gross profit to continue declining as subscription sales represent significant majority of new business.
ARR grew 19% YoY to $1,237M; subscription revenue recognized ratably over contract terms, meaning current period revenue lags order growth, particularly impacting Q4 seasonal orders.
Company incurred $690M in convertible senior notes due November 2029; conversion may require cash payments and could affect liquidity, with conditional conversion feature not currently triggered.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Vollert Karl AlexanderDirectorGrant or award · Aug 12, 2026
Dillon MargaretDirectorGrant or award · Dec 15, 2025
Lego Catherine PDirectorGrant or award · Dec 15, 2025
Keller Michael CDirectorGrant or award · Dec 15, 2025
Bauer David SDirectorGrant or award · Dec 15, 2025
Congress trading in GWRE
5 transactions in GWRE reported by 2 members of Congress under the STOCK Act, most recent trade Aug 13, 2025. Reported transactions, not recommendations.
About Guidewire Software, Inc. (GWRE): stock profile, AI score and financials
Guidewire Software, Inc. (GWRE) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores GWRE at 68.1/100 on a composite quality score built from its SEC filings, placing it at rank #323 of 2,925 stocks — the top 25% of the AI-ranked universe. GWRE scores in the top quartile across revenue growth (83.1), free cash flow (80.0), earnings quality (78.9). Shareholder dilution risk is elevated at 13.6/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q4 2026), Guidewire Software, Inc. reports quarterly revenue of $411.1M, net income of $31.4M, an operating margin of 15.2%. Top institutional holders of GWRE by reported 13-F value include BlackRock, BAMCO, Linonia Partnership, based on the most recent SEC filings. GWRE trades on the NYSE exchange and files with the SEC under CIK 1528396. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate GWRE daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Guidewire Software, Inc. directly from SEC EDGAR.