Guidewire Software, Inc.
For the period ended Jul 31, 2025. Filed Sep 11, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Sep 11, 2025
GWRE$155.48-3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
(in thousands)
| Fiscal years ended July 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) | $69,804 | $(6,103) | $(111,855) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 23,758 | 22,309 | 24,838 |
| Amortization of debt issuance costs | 3,758 | 1,732 | 1,703 |
| Amortization of contract acquisition costs | 20,050 | 17,816 | 17,966 |
| Stock-based compensation | 161,556 | 146,460 | 142,842 |
| Changes to allowance for credit losses and revenue reserves | 526 | 526 | (131) |
| Deferred income tax | (31,780) | (26,847) | (27,516) |
| Amortization of premium (accretion of discount) on available-for-sale securities, net | (10,326) | (12,894) | (4,858) |
| Gain on sale of strategic investments | (3,671) | (1,803) | — |
| Changes in fair value of strategic investments | 2,130 | 1,957 | 802 |
| Accelerated depreciation related to lease assignment | — | — | 26,921 |
| Gain from lease assignment | — | — | (18,419) |
| Loss on retirement of debt | 53,565 | — | — |
| Other non-cash items affecting net income (loss) | 186 | (74) | 164 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (3,348) | 12,631 | (7,301) |
| Unbilled accounts receivable | (38,930) | 7,676 | (13,435) |
| Prepaid expenses and other assets | (47,211) | (33,534) | (22,613) |
| Operating lease assets | 4,441 | 8,623 | (19,000) |
| Accounts payable | 11,399 | (18,933) | (6,080) |
| Accrued employee compensation | 30,090 | 6,453 | 12,440 |
| Deferred revenue | 56,617 | 72,572 | 34,635 |
| Lease liabilities | (2,891) | (7,389) | 9,548 |
| Other liabilities | 1,144 | 4,570 | (2,256) |
| Net cash provided by (used in) operating activities | 300,867 | 195,748 | 38,395 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchases of available-for-sale securities | (858,571) | (615,935) | (506,115) |
| Maturities and sales of available-for-sale securities | 665,012 | 576,886 | 547,094 |
| Purchases of property and equipment | (5,741) | (6,362) | (5,821) |
| Capitalized software development costs | (14,714) | (12,165) | (11,606) |
| Acquisition of strategic investments | (1,772) | (1,336) | (10,840) |
| Sale of strategic investments | 5,671 | 6,553 | — |
| Acquisition of business, net of acquired cash | (26,850) | — | — |
| Net cash provided by (used in) investing activities | (236,965) | (52,359) | 12,712 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Proceeds from issuance of convertible senior notes, net of issuance costs | 671,840 | — | — |
| Payment for the retirement of convertible senior notes | (353,535) | — | — |
| Payment for the maturity of convertible senior notes | (179,061) | — | — |
| Purchase of capped calls | (58,788) | — | — |
| Payment of revolving credit facility costs | (2,065) | — | — |
| Proceeds from issuance of common stock upon exercise of stock options | 3,902 | 1,055 | 228 |
| Repurchase and retirement of common stock | — | — | (261,807) |
| Net cash provided by (used in) financing activities | 82,293 | 1,055 | (261,579) |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | 3,715 | (2,050) | 2,576 |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 149,910 | 142,394 | (207,896) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period | 549,184 | 406,790 | 614,686 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period | $699,094 | $549,184 | $406,790 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid for interest | $11,796 | $5,000 | $5,000 |
| Cash paid for income taxes, net of tax refunds | $7,557 | $8,919 | $5,167 |
| Accruals for purchase of property and equipment | $2,809 | $682 | $1,136 |
| Accruals for capitalized software development costs | $1,114 | $920 | $1,094 |
| Accruals for business acquisition purchase consideration holdback | $987 | $— | $— |
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