Forensic Analysis · Technology / Software · as of Aug 11, 2026
Guidewire Software, Inc. (GWRE)
A forensic read on Guidewire Software, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Safe
Financial health
13.7
Distress distance
Clean
Earnings quality
4
Forensic signals
83.4
P / E (ttm)
4.8%
ROE
$14.4B
Market cap
22.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Guidewire Software, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 13.7, placing it in the Safe zone. 4 forensic signals were flagged in its latest SEC filings, led by accruals ratio (% of noa).
What the filings flag
+22.0%
FY2024→FY2025
Accruals ratio (% of NOA).Net operating assets grew +22.0% relative to their own average in FY2025 — scaled by NOA itself, not total assets (see the Forensic Screens card's differently-scaled Sloan Accrual Ratio for that read). Accruals are building sharply — a large slice of profit sits in operating assets, not cash; Richardson/Sloan link high accruals to weaker future returns as they reverse. The cash-flow cross-check is more mixed: reported earnings ran behind operating cash by 17% of net operating assets, diverging from the balance-sheet accrual read.
2.5%
FY2025
Return on invested capital.Return on invested capital is 2.5% in the latest fiscal year and rising from -12% — well below its ~10% cost of capital, so reinvested dollars may be destroying value, not building it.
stopped
FY2023→FY2025
Shareholder returns — halted.Capital returns have STOPPED — $262M of buybacks + dividends in FY2023, but ~$0 in FY2025. A halt usually means the company is conserving cash.
+0.9%/yr
FY2022–FY2025
Share count.Diluted share count changed +3% over the last 3 years to FY2025 (+0.9%/yr). Roughly flat — the count is neither shrinking nor growing meaningfully. Per-share value isn't being meaningfully helped or hurt by the count.
Key fundamentals
Latest Revenue$1.20B
Revenue Growth YoY+22.6%
Revenue CAGR (3yr)+14.0%
Net Margin5.8%
Free Cash Flow$295.1M
Return on Equity4.8%
Debt / Equity0.50x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Guidewire Software, Inc.'s actual 10-K/10-Q/8-K filings?