The company maintains a stable capital structure with $1.3 billion in equity, though it carries $704.2 million in total debt and $421.1 million in goodwill as of 2026Q3.
| Metric | TTM | Jul'25 | Jul'24 | Jul'23 | Jul'22 | Jul'21 | Jul'20 | Jul'19 | Jul'18 | Jul'17 | Jul'16 | Jul'15 | Jul'14 | Jul'13 | Jul'12 | Jul'11 | Jul'10 | Jul'09 |
|---|
| Total Current Assets | 1.22B | 1.51B | 1.3B | 1.1B | 1.25B | 1.36B | 1.34B | 1.33B | 1.22B | 679.24M | 707.67M | 661.64M | 516.43M | 210.09M | 262.46M | 94.84M | 57.26M | 51M |
| Cash & Short-Term Investments | 749.53M | 1.15B | 1B | 798.68M | 976.17M | 1.12B | 1.13B | 1.12B | 1.07B | 573.2M | 628.24M | 571.63M | 444.33M | 156.7M | 205.72M | 59.63M | 37.41M | 27.59M |
| Cash Only | 294.63M | 699.1M | 547.99M | 401.81M | 606.3M | 384.91M | 366.97M | 254.1M | 437.14M | 263.18M | 223.58M | 212.36M | 148.1M | 79.77M | 205.72M | 59.63M | 37.41M | 27.59M |
| Short-Term Investments | 454.9M | 451.54M | 455.58M | 396.87M | 369.87M | 734.52M | 766.53M | 870.14M | 630.01M | 310.03M | 404.65M | 359.27M | 296.23M | 76.93M | 0 | 0 | 0 | 0 |
| Accounts Receivable | 363.62M | 271.6M | 242.18M | 256.49M | 227.45M | 192.92M | 174.77M | 184.77M | 131.53M | 79.43M | 62.79M | 62.06M | 49.84M | 40.88M | 32.31M | 23.28M | 16.42M | 20.84M |
| Days Sales Outstanding | 79.07 | 82.44 | 90.15 | 103.41 | 102.16 | 94.74 | 85.93 | 93.73 | 72.63 | 56.38 | 54 | 59.53 | 51.94 | 49.64 | 50.82 | 49.26 | 41.43 | 89.74 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 102.17M | 86.37M | 24M | 22.67M | 24.81M | 22.61M | 17.99M | 14.04M | 9.07M | 0 | 0 | 13.85M | 11.43M | 2.9M | 17.17M | 8.8M | 3.43M | 2.58M |
| Total Non-Current Assets | 1.32B | 1.21B | 930.76M | 928.28M | 1.01B | 966.56M | 1.02B | 831.99M | 756.09M | 399.66M | 208.51M | 138.3M | 240.8M | 102.18M | 21.78M | 31.7M | 2.79M | 3.74M |
| Property, Plant & Equipment | 103.09M | 99.75M | 99.16M | 106.87M | 171.03M | 177.51M | 169.03M | 65.81M | 18.59M | 14.38M | 12.96M | 12.16M | 12.61M | 12.91M | 11.92M | 4.46M | 2.76M | 1.9M |
| Fixed Asset Turnover | 13.92x | 12.06x | 9.89x | 8.47x | 4.75x | 4.19x | 4.39x | 10.93x | 35.55x | 35.77x | 32.76x | 31.29x | 27.78x | 23.28x | 19.46x | 38.71x | 52.35x | 44.63x |
| Goodwill | 421.11M | 393.98M | 372.21M | 372.21M | 372.19M | 340.88M | 340.88M | 340.88M | 340.88M | 141.85M | 30.08M | 9.21M | 9.21M | 9.05M | 0 | 0 | 0 | 0 |
| Intangible Assets | 17.73M | 12.04M | 9.01M | 14.47M | 21.36M | 19.74M | 39.71M | 66.54M | 95.65M | 71.31M | 14.2M | 4M | 5.44M | 6.88M | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.56B | 334.42M | 148.29M | 156.55M | 205.53M | 230.72M | 301.94M | 224.2M | 201.62M | 114.58M | 107.56M | 106.12M | 203.45M | 51.04M | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 86.62M | 76.26M | 49.01M | 51.3M | 52.62M | 59.28M | 68.52M | 44.26M | 11.85M | 20.1M | 12.34M | 926K | 1.42M | 1.21M | 545K | 5.17M | 28K | 1.84M |
| Total Assets | 2.54B | 2.72B | 2.23B | 2.03B | 2.27B | 2.32B | 2.36B | 2.17B | 1.98B | 1.08B | 916.18M | 799.95M | 757.23M | 312.27M | 284.25M | 126.54M | 60.05M | 54.74M |
| Asset Turnover | 0.54x | 0.44x | 0.44x | 0.45x | 0.36x | 0.32x | 0.31x | 0.33x | 0.33x | 0.48x | 0.46x | 0.48x | 0.46x | 0.96x | 0.82x | 1.36x | 2.41x | 1.55x |
| Asset Growth % | 31.62% | 22.23% | 9.78% | -10.54% | -2.37% | -1.82% | 9.13% | 9.52% | 83.39% | 17.76% | 14.53% | 5.64% | 142.49% | 9.86% | 124.63% | 110.71% | 9.71% | - |
| Total Current Liabilities | 497.18M | 544.8M | 837.63M | 373.26M | 337.52M | 300.31M | 225.2M | 232.27M | 225.19M | 163.62M | 119.08M | 104.41M | 95.39M | 74.78M | 93.19M | 82.3M | 62.65M | 64.53M |
| Accounts Payable | 34.97M | 28.8M | 15.21M | 34.63M | 40.44M | 27.83M | 22.63M | 34.26M | 30.64M | 13.42M | 9.93M | 8.82M | 7.03M | 6.52M | 9.78M | 4.32M | 3.67M | 3.25M |
| Days Payables Outstanding | 22.53 | 23.34 | 13.98 | 28.27 | 33.9 | 28.72 | 24.44 | 38.55 | 37.68 | 25.56 | 23.87 | 21.86 | 17.23 | 18.93 | 39.67 | 23.06 | 24.14 | 28.52 |
| Short-Term Debt | 0 | 10.44M | 398.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.2B | 340.25M | 281.86M | 206.92M | 170.78M | 138.7M | 118.31M | 108.3M | 114.14M | 91.24M | 60.27M | 50.77M | 48.94M | 37.35M | 52.95M | 48.48M | 38.97M | 45.02M |
| Other Current Liabilities | 44.03M | 16.67M | 118.01M | 112.82M | 96.92M | 107.84M | 62.85M | 79.73M | 80.42M | 58.96M | 48.88M | 44.83M | 39.42M | 30.92M | 30.46M | 28.33M | 17.37M | 16.25M |
| Current Ratio | 2.44x | 2.77x | 1.55x | 2.95x | 3.71x | 4.51x | 5.96x | 5.75x | 5.43x | 4.15x | 5.94x | 6.34x | 5.41x | 2.81x | 2.82x | 1.15x | 0.91x | 0.79x |
| Quick Ratio | 2.44x | 2.77x | 1.55x | 2.95x | 3.71x | 4.51x | 5.96x | 5.75x | 5.43x | 4.15x | 5.94x | 6.34x | 5.41x | 2.81x | 2.82x | 1.15x | 0.91x | 0.79x |
| Cash Conversion Cycle | 56.54 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 720.81M | 719.07M | 45.93M | 455.16M | 477.72M | 476.64M | 482.89M | 360.49M | 329.66M | 22M | 13.16M | 6.15M | 11.15M | 9.06M | 7.1M | 26.09M | 22.55M | 34.86M |
| Long-Term Debt | 677.21M | 674.57M | 0 | 397.17M | 358.22M | 343.82M | 330.21M | 317.32M | 305.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 144.12M | 30.69M | 34.72M | 42.97M | 105.12M | 115.37M | 119.41M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 12.86M | 9.28M | 7.58M | 9.03M | 6.88M | 10.2M | 18.59M | 19.64M | 774K | 2.11M | 3.42M | 4.35M | 4.76M | 5.21M | 4.53M | 774K | 1.37M | 1.2M |
| Total Liabilities | 1.22B | 1.26B | 883.56M | 828.42M | 815.24M | 776.95M | 708.08M | 592.76M | 554.85M | 185.62M | 132.24M | 110.56M | 106.54M | 83.84M | 100.28M | 108.39M | 85.2M | 99.39M |
| Total Debt | 704.24M | 715.69M | 442.92M | 448.58M | 475.58M | 470.82M | 460.55M | 317.32M | 305.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Debt | 409.6M | 16.59M | -105.07M | 46.76M | -130.73M | 85.91M | 93.58M | 63.22M | -132.01M | -263.18M | -223.58M | -212.36M | -148.1M | -79.77M | -205.72M | -59.63M | -37.41M | -27.59M |
| Debt / Equity | 0.53x | 0.49x | 0.33x | 0.37x | 0.33x | 0.30x | 0.28x | 0.20x | 0.21x | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | 5.10x | 11.04x | - | - | - | - | 24.56x | 7.66x | 10.79x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 2.96x | 0.26x | - | - | - | - | 4.99x | 1.53x | -4.67x | -5.80x | -8.84x | -8.86x | -5.88x | -3.68x | -7.76x | -6.55x | -1.93x | - |
| Interest Coverage | 13.05x | 4.74x | -2.98x | -18.97x | -10.81x | -4.57x | -0.36x | 1.72x | -0.28x | - | - | - | - | - | - | - | - | - |
| Total Equity | 1.32B | 1.46B | 1.34B | 1.2B | 1.45B | 1.54B | 1.66B | 1.57B | 1.42B | 893.28M | 783.93M | 689.39M | 650.69M | 228.43M | 183.96M | 18.15M | -25.14M | -44.65M |
| Equity Growth % | 45.19% | 8.53% | 11.94% | -17.37% | -6.04% | -6.75% | 5.24% | 10.57% | 59.38% | 13.95% | 13.71% | 5.95% | 184.85% | 24.17% | 913.45% | 172.19% | 43.68% | - |
| Book Value per Share | 15.33 | 16.96 | 16.32 | 14.60 | 17.37 | 18.48 | 20.00 | 19.04 | 18.32 | 11.86 | 10.63 | 9.53 | 9.41 | 3.71 | 3.41 | 0.37 | -0.51 | -0.96 |
| Total Shareholders' Equity | 1.32B | 1.46B | 1.34B | 1.2B | 1.45B | 1.54B | 1.66B | 1.57B | 1.42B | 893.28M | 783.93M | 689.39M | 650.69M | 228.43M | 183.96M | 18.15M | -25.14M | -44.65M |
| Common Stock | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 8K | 7K | 7K | 7K | 6K | 5K | 1K | 1K | 1K |
| Retained Earnings | -845.53M | -554.25M | -624.05M | -617.95M | -283.98M | -66.1M | 162.96M | 190.05M | 133.5M | 69.06M | 47.83M | 32.85M | 22.97M | -7.79M | -23.17M | -38.37M | -73.93M | -89.45M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -7.11M | -8.92M | -12.24M | -13.86M | -19.84M | -6.22M | -5.25M | -7.76M | -7.75M | -5.8M | -6.59M | -6.34M | -1.37M | -1.56M | -496K | -209K | -336K | -181K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cloud transition margin drag
As reported in recent financial filings, Guidewire has maintained a stable equity base of approximately $1.3 billion to $1.5 billion over the last ten quarters, suggesting that the company is successfully navigating its cloud transition without eroding its fundamental capital structure despite ongoing operational profitability challenges.
The consistency in equity levels indicates that management has avoided significant balance sheet impairment during the shift to subscription models. Investors should monitor whether this stability persists as the company continues to absorb the costs associated with scaling its cloud infrastructure.
Based on quarterly balance sheet data, Guidewire's debt load has fluctuated significantly, peaking at $983.3 million in 2025Q1 before moderating to $704.2 million by 2026Q3, which implies a proactive approach to managing leverage relative to the company's evolving cash flow requirements and capital allocation strategy.
The reduction in debt from its 2025 peak suggests a disciplined effort to deleverage as the cloud transition matures. However, the presence of $704.2 million in debt warrants continued scrutiny regarding interest coverage, especially given the company's thin operating margins.
According to reported figures, Guidewire maintains a current ratio of 2.44 as of 2026Q3, providing a sufficient liquidity buffer that appears adequate to cover short-term obligations while the company continues to invest heavily in its proprietary cloud platform and professional services delivery capabilities.
The current ratio remains well above the threshold of concern, suggesting that the company is not facing immediate liquidity constraints. This liquidity position provides management with the necessary flexibility to fund R&D and potential strategic acquisitions without immediate reliance on external capital markets.
As indicated by the persistent negative retained earnings of $845.5 million in 2026Q3, Guidewire's equity quality is heavily influenced by historical losses, which may indicate that the company's long-term value creation is still heavily dependent on future subscription growth rather than accumulated past earnings.
The negative retained earnings balance reflects the significant investment phase the company has undergone to build its cloud-native ecosystem. Investors should consider whether the ongoing use of stock-based compensation will continue to dilute existing shareholders as the company works toward achieving consistent GAAP profitability.
Based on the latest balance sheet, Guidewire carries $421.1 million in goodwill, which represents a non-trivial portion of total assets and warrants further investigation into the potential for future impairment if the acquired technologies fail to integrate effectively into the core cloud platform.
While goodwill is a standard feature of software balance sheets, its size relative to total assets suggests that the company's valuation is sensitive to the success of past M&A. Any failure to realize expected synergies could lead to non-cash charges that would further impact the company's reported equity.
Quick answers to the most common questions about buying GWRE stock.
As of 2025, Guidewire Software, Inc. (GWRE) had total assets of $2.72B including $1.51B in current assets.
Guidewire Software, Inc. (GWRE) carries total debt of $715.7M, offset by $1.15B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Guidewire Software, Inc. (GWRE) has total shareholders' equity (book value) of $1.46B ($16.96 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Guidewire Software, Inc. (GWRE) reported a current ratio of 2.77x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.