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Guidewire Software GWRE Business Segments — Adjusted operating expenses(2)

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Other financials

Income statement

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Revenue$372.5M+26.9%
Gross profit$236.6M+29.5%
Operating income$30.6M+586%
Net income$16.5M-64.2%
EPS (diluted)$0.19-64.8%

Balance sheet

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Cash & equivalents$294.6M-42.4%
Total debt$27.0M-18.1%
Total equity$1.3B-3.3%
Total assets$2.5B+1.9%

Cash flow

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Operating cash flow$61.2M+89.1%
CapEx$1.8M+152%
Free cash flow$59.4M+87.7%

Valuation

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Market cap$13.35B-29.7%
Enterprise value$13.08B-28.7%
P/E83.5×-189×
P/S9.4×-6.4×

Profitability

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Gross margin64%+1.9pp
Operating margin8.2%
Net margin11.2%
FCF margin23.7%+2.1pp

Returns & leverage

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Return on equity11.9%
Debt / equity0.0×
Current ratio2.4×-0.8×

Where this comes from

Reported directly by Guidewire Software in its filing.

Tagged under the XBRL concept us-gaap:SegmentReportingOtherItemAmount.

The source filing: Guidewire Software’s 10-Q, filed June 5, 2026.

Filed
Jun 4, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001528396-26-000027
Line itemThree Months Ended April 30, 2026Three Months Ended April 30, 2025Nine Months Ended April 30, 2026Nine Months Ended April 30, 2025
Total cost of revenue135,896110,810386,587325,647
Gross profit236,645182,698677,689520,242
Gross profit margin64%62%64%62%
Adjusted operating expenses(2)169,540145,809480,769412,815
Stock-based compensation expense35,44331,672106,37693,532
Amortization of intangible assets5847491,9232,424
Acquisition holdback expense4401,065
Total operating expenses206,008178,230590,133508,771

ITEM 1.Financial Statements (unaudited)

FAQ

What is Guidewire Software's business segments — adjusted operating expenses(2)?
Guidewire Software (GWRE) reported business segments — adjusted operating expenses(2) of $169.54M in Q1 2026.
How has Guidewire Software's business segments — adjusted operating expenses(2) changed year-over-year?
Guidewire Software's business segments — adjusted operating expenses(2) increased by 16.3% year-over-year, from $145.81M to $169.54M.
What is the long-term trend for Guidewire Software's business segments — adjusted operating expenses(2)?
Over 2 years (2023 to 2025), Guidewire Software's business segments — adjusted operating expenses(2) has grown at a 9.6% compound annual growth rate (CAGR), from $483.68M to $580.91M.
What does business segments — adjusted operating expenses(2) mean?
This represents the total operating costs of the segment, excluding specific non-recurring or non-cash items to provide a normalized view of ongoing business spending. It covers research and development, sales and marketing, and general administrative costs. It is used to assess the underlying burn rate and operational discipline of the segment.

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