What is Guidewire Software's net debt?

Guidewire Software (GWRE) reported net debt of -$267.6M in Q1 2026.

How has Guidewire Software's net debt changed year-over-year?

Guidewire Software's net debt increased by 44.1% year-over-year, from -$478.5M to -$267.6M.

What is the long-term trend for Guidewire Software's net debt?

Over 5 years (2020 to 2025), Guidewire Software's net debt has grown at a 22.0% compound annual growth rate (CAGR), from $243.38M to -$657.97M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Guidewire Software GWRE Net debt

Discontinued — last reported Q3 '26

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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$8.98B-30.1%

Enterprise value$8.71B-29.7%

P/E56.2×—

P/S6.3×-5.0×

Profitability

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Gross margin64%+1.9pp

Operating margin8.2%—

Net margin11.2%—

FCF margin23.7%+2.1pp

Returns & leverage

See full

Return on equity11.9%—

Debt / equity0×0.0×

Current ratio2.4×-0.8×

Where this comes from

Calculated from Guidewire Software’s reported figures.

$27.0Mtotal debt−$294.6Mcash and equivalents=-$267.6M

The official record: Guidewire Software’s 10-Q, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Guidewire Software's net debt?: Guidewire Software (GWRE) reported net debt of -$267.6M in Q1 2026.
How has Guidewire Software's net debt changed year-over-year?: Guidewire Software's net debt increased by 44.1% year-over-year, from -$478.5M to -$267.6M.
What is the long-term trend for Guidewire Software's net debt?: Over 5 years (2020 to 2025), Guidewire Software's net debt has grown at a 22.0% compound annual growth rate (CAGR), from $243.38M to -$657.97M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.