Guidewire Software, Inc.
guidewire.comWhat Do They Do?
Provides cloud-based insurance software for property and casualty insurers, including systems for policy administration, billing and claims management.
10-K for FY2026, filed Sep 11, 2026
How Do They Make Money?
Insurers pay for cloud subscriptions, generally billed annually in advance; some cloud products are priced by usage. They also buy term licenses and support, billed annually in advance, and implementation services, generally billed monthly as work is done.
10-K for FY2026, filed Sep 11, 2026In addition to migration and expansion activity on GWCP, our growth depends on continuously enhancing existing products, introducing new…View ↗
Self-managed software licenses and subscription services may be subject to either fixed or variable installments. Variable installments are…View ↗
Self-managed term and perpetual software licenses comprise the majority of distinct performance obligations that are satisfied at a point…View ↗
Revenue from subscription arrangements is recognized ratably over the subscription period using a time-based measure of progress as…View ↗
Revenue from support activities associated with self-managed licenses is a stand-ready obligation, which is generally recognized over the…View ↗
In substantially all of the Company’s professional service contracts, services are separately identifiable performance obligations for…View ↗
-
10-K for FY2026, filed Sep 11, 2026
FY2026 revenue by product or service ↗
$1.5B
-
10-K for FY2026, filed Sep 11, 2026
$1.5B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Subscription and support
Recurring
10-K for FY2026, filed Sep 11, 2026 |
66%
FY2023: 47%
|
Subscription and support, FY2026
$970.9M Sources
|
Recurring |
|
License
Sold outright
10-K for FY2026, filed Sep 11, 2026 |
16%
FY2023: 29%
|
License, FY2026
$234.6M Sources
|
Sold outright |
|
Services
Recurring
10-K for FY2026, filed Sep 11, 2026 |
18%
FY2023: 23%
|
Services, FY2026
$269.9M Sources
|
Recurring |
Who Are Their Customers?
Property and casualty insurers, from global carriers to regional and state providers, buy through Guidewire’s direct sales team; system integrator partners support sales and implementations.
10-K for FY2026, filed Sep 11, 2026CustomersView ↗
Our direct sales team serves as both our exclusive sales channel and our account management function and is organized by geographic region…View ↗
We work closely with our network of SI partners to facilitate new sales and implementations of our products. Our partnerships with leading…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 9 cents of every revenue dollar as net income in FY2026 and turned 26 cents into free cash flow.
10-K for FY2026, filed Sep 11, 2026
$149.9MView ↗
10-K for FY2026, filed Sep 11, 2026
$139.3MView ↗
10-K for FY2026, filed Sep 11, 2026
$377.7MView ↗
How Are They Changing?
Growing. Revenue grew 82% in 4 years, from $812.6M in FY2022 to $1.5B in FY2026, about 16% a year.
Core products move cloudward
The older report describes cloud and self-managed versions of the core suite; the latest report frames the core products as cloud subscriptions, with term licenses mainly for existing on-premise customers.
10-K for FY2023, filed Sep 18, 2023 10-K for FY2026, filed Sep 11, 2026We offer the following core operational services and products: Guidewire InsuranceSuite Cloud, Guidewire InsuranceNow, and Guidewire…View ↗
Guidewire InsuranceSuite for Self-ManagedView ↗
Guidewire InsuranceSuite for Self-Managed is comprised of three primary applications (PolicyCenter, BillingCenter, and ClaimCenter) that…View ↗
We sell our cloud-delivered offerings through subscription services and our self-managed products through term licenses. We generally price…View ↗
InsuranceNow reaches Canada
InsuranceNow's stated market has expanded from the United States to include Canada.
10-K for FY2023, filed Sep 18, 2023 10-K for FY2026, filed Sep 11, 2026Guidewire InsuranceNow is a complete, cloud-based core system for P&C insurers in the United States, delivered via GWCP, offering policy…View ↗
Guidewire InsuranceNow is a cloud-based application that offers policy administration, claims management, and billing functionality, plus…View ↗
Underwriting software evolves
The older report describes an underwriting-management workstation for commercial and specialty insurers; the latest describes an AI-powered underwriting application that supports decisions from submission intake through risk selection and binding.
10-K for FY2023, filed Sep 18, 2023 10-K for FY2026, filed Sep 11, 2026Guidewire Underwriting Management is a cloud-based, integrated business application designed for commercial and specialty line insurers to…View ↗
Guidewire PolicyCenter is our flexible underwriting and policy administration application that serves as a comprehensive system-of-record…View ↗
Who Do They Compete With?
Competes with Duck Creek, Majesco, Origami Risk, Sapiens, DXC Technology, SAP, Salesforce, and ServiceNow
10-K for FY2026, filed Sep 11, 2026The software market that caters to the P&C insurance industry is highly competitive, rapidly evolving, and fragmented. Increased spending…View ↗
Loading...
