
Guidewire Software, Inc.
TechnologyNYSE:GWRE · New York Stock Exchange
+$4.04 today
Vol 1.70M · Avg 1.48M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$1.4B of revenue converted into $159.8M of net income for the selected period. Gross margin is 64.0% and net margin is 11.3%, showing how much revenue survives after costs and taxes. EPS is $1.86, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B +22.6% | $980.5M +8.3% | $905.3M +11.4% | $812.6M +9.3% | $743.3M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $450.4M +13.4% | $397.1M -11.2% | $447.1M +2.7% | $435.4M +23.1% | $353.7M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $752.1M +28.9% | $583.4M +27.3% | $458.2M +21.5% | $377.2M -3.2% | $389.6M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 62.5% +3.0pp | 59.5% +8.9pp | 50.6% +4.2pp | 46.4% -6.0pp | 52.4% | 9.8% | 28.9% | 38.3% |
| Research & Development | $296.2M +9.9% | $269.4M +7.9% | $249.7M +8.9% | $229.2M +13.8% | $201.5M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $414.8M +13.2% | $366.6M +2.4% | $358.0M +3.0% | $347.4M +18.3% | $293.7M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $711.0M +11.8% | $635.9M +4.6% | $607.7M +5.4% | $576.6M +16.5% | $495.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $23.8M +6.5% | $22.3M -10.2% | $24.8M -25.9% | $33.5M -9.2% | $37.0M | $374.2M | $1.2B | $631.8M |
| EBITDA | $86.4M +3809.6% | $2.2M +102.2% | -$102.5M +42.0% | -$176.7M -263.5% | -$48.6M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 7.2% +7.0pp | 0.2% +11.6pp | -11.3% +10.4pp | -21.7% -15.2pp | -6.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $41.1M +178.1% | -$52.6M +64.8% | -$149.5M +25.0% | -$199.4M -88.9% | -$105.6M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 3.4% +8.8pp | -5.4% +11.2pp | -16.5% +8.0pp | -24.5% -10.3pp | -14.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $56.6M +30.2% | $43.5M +78.3% | $24.4M +288.5% | $6.3M -15.1% | $7.4M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $13.2M +96.1% | $6.7M +0.3% | $6.7M -65.5% | $19.4M +3.9% | $18.7M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $8.3M -67.6% | $25.7M +67.2% | $15.4M +150.9% | -$30.3M -2422.9% | $1.3M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $49.4M +284.0% | -$26.8M +80.0% | -$134.1M +41.6% | -$229.7M -120.3% | -$104.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 4.1% +6.8pp | -2.7% +12.1pp | -14.8% +13.5pp | -28.3% -14.2pp | -14.0% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | -$20.4M +1.6% | -$20.7M +6.8% | -$22.2M +54.9% | -$49.3M -30.5% | -$37.8M | $1.3B | -$1.6B | $745.2M |
| Net Income | $69.8M +1243.8% | -$6.1M +94.5% | -$111.9M +38.0% | -$180.4M -171.3% | -$66.5M | $4.9B | $4.8B | $4.7B |
| Net Margin | 5.8% +6.4pp | -0.6% +11.7pp | -12.4% +9.8pp | -22.2% -13.3pp | -8.9% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $1 +1218.6% | -$0 +94.5% | -$1 +37.0% | -$2 -170.0% | -$1 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $1 +1191.6% | -$0 +94.5% | -$1 +37.0% | -$2 -170.0% | -$1 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $83.8M +1.9% | $82.3M +0.1% | $82.2M -1.7% | $83.6M -0.0% | $83.6M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $85.9M +4.4% | $82.3M +0.1% | $82.2M -1.7% | $83.6M -0.0% | $83.6M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector

Corpay, Inc.
NYSE:CPAY
$23.28B

SS&C Technologies Holdings, Inc.
NASDAQ:SSNC
$16.30B

Jacobs Solutions Inc.
NYSE:J
$15.00B

Toast, Inc.
NYSE:TOST
$14.40B

Nutanix, Inc.
NASDAQ:NTNX
$13.33B

PTC Inc.
NASDAQ:PTC
$13.13B

Grab Holdings Limited
NASDAQ:GRAB
$13.08B

Tyler Technologies, Inc.
NYSE:TYL
$12.60B

Unity Software Inc.
NYSE:U
$11.89B

GoDaddy Inc.
NYSE:GDDY
$10.09B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does GWRE generate?
Guidewire Software, Inc. (GWRE) reported $1.20B of revenue in fiscal 2025.
Is GWRE profitable?
Guidewire Software, Inc. (GWRE) reported $69.80M of net income, with a net margin of 5.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.