Guidewire Q1 revenue up 27% to $262.9 million; sets $300 million credit line
Guidewire reported unaudited results for the quarter ended October 31, 2024, with total revenue of $262.9 million, up 27% from a year earlier, and GAAP net income of $9.1 million, or $0.11 per diluted share, compared with a net loss of $27.1 million a year earlier. The company also entered a $300.0 million senior secured revolving credit facility on December 2, 2024, with no amounts drawn as of December 5, and issued an updated fiscal 2025 outlook that includes total revenue of $1,155 million to $1,167 million.
Key points
- Total revenue was $262.9 million for the quarter, up 27%; subscription and support revenue was $169.7 million, up 33%.
- GAAP income from operations was a loss of $4.7 million, compared with a loss of $33.8 million a year earlier; GAAP net income was $9.1 million.
- Revolving credit facility of $300.0 million with Bank of America, N.A. as administrative agent, dated December 2, 2024, maturing December 2, 2029; no amounts drawn as of December 5, 2024.
- Updated fiscal 2025 outlook: total revenue of $1,155 million to $1,167 million and operating cash flow of $220 million to $250 million.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 05, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.