Guidewire Software, Inc.
For the period ended Jul 31, 2026. Filed Sep 11, 2026.
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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.
FY2026 · Filed Sep 11, 2026
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, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | |||
| Net income (loss) | $139,283 | $69,804 | $(6,103) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||
| Depreciation and amortization | 27,952 | 23,758 | 22,309 |
| Amortization of debt issuance costs | 3,939 | 3,758 | 1,732 |
| Amortization of contract costs | 35,011 | 30,893 | 28,413 |
| Stock-based compensation | 181,799 | 161,556 | 146,460 |
| Changes to allowance for credit losses and revenue reserves | 2,516 | 526 | 526 |
| Deferred income tax | 8,981 | (31,780) | (26,847) |
| Amortization of premium (accretion of discount) on available-for-sale securities, net | (6,254) | (10,326) | (12,894) |
| (Gains) losses on sale of strategic investments | (632) | (3,671) | (1,803) |
| Changes in fair value of strategic investments | (489) | 2,130 | 1,957 |
| Loss on retirement of debt | — | 53,565 | — |
| Other non-cash items affecting net income (loss) | (88) | 186 | (74) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (54,868) | (3,348) | 12,631 |
| Unbilled accounts receivable | (9,193) | (38,930) | 7,676 |
| Prepaid expenses and other assets | (55,354) | (58,054) | (44,131) |
| Operating lease assets | 4,905 | 4,441 | 8,623 |
| Accounts payable | 11,712 | 11,399 | (18,933) |
| Accrued employee compensation | 6,196 | 30,090 | 6,453 |
| Deferred revenue | 93,675 | 56,617 | 72,572 |
| Lease liabilities | (4,232) | (2,891) | (7,389) |
| Other liabilities | 4,857 | 1,144 | 4,570 |
| Net cash provided by (used in) operating activities | 389,716 | 300,867 | 195,748 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Purchases of available-for-sale securities | (859,150) | (858,571) | (615,935) |
| Maturities and sales of available-for-sale securities | 806,049 | 665,012 | 576,886 |
| Purchases of property and equipment | (12,056) | (5,741) | (6,362) |
| Capitalized software development costs | (19,003) | (14,714) | (12,165) |
| Acquisition of strategic investments | (14,646) | (1,772) | (1,336) |
| Sale of strategic investments | 781 | 5,671 | 6,553 |
| Acquisition of businesses, net of acquired cash | (37,953) | (26,850) | — |
| Net cash provided by (used in) investing activities | (135,977) | (236,965) | (52,359) |
| 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 under employee stock purchase plan | 26,603 | — | — |
| Proceeds from issuance of common stock upon exercise of stock options | 729 | 3,902 | 1,055 |
| Repurchase and retirement of common stock | (606,309) | — | — |
| Net cash provided by (used in) financing activities | (578,977) | 82,293 | 1,055 |
| Effect of foreign exchange rate changes on cash, cash equivalents, and restricted cash | (969) | 3,715 | (2,050) |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (326,207) | 149,910 | 142,394 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—Beginning of period | 699,094 | 549,184 | 406,790 |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH—End of period | $372,887 | $699,094 | $549,184 |
| Fiscal years ended July 31, | |||
|---|---|---|---|
| 2026 | 2025 | 2024 | |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | |||
| Cash paid for interest | $9,298 | $11,796 | $5,000 |
| Cash paid for income taxes, net of tax refunds | $13,171 | $7,557 | $8,919 |
| Accruals for purchase of property and equipment | $407 | $2,809 | $682 |
| Accruals for capitalized software development costs | $1,537 | $1,114 | $920 |
| Accrual for business acquisition purchase consideration holdback | $1,356 | $987 | $— |
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