GWRE NYSE Application Software Financials FY2017βFY2026
Guidewire Software had $1.5B of revenue in fiscal 2026, up 22.7% on the year before. Over five years, revenue changed +14.7% a year on average.
Hi! I read Guidewire Softwareβs latest annual report (fiscal 2026). Here is what stands out:
Good So-so Weak
Are sales growing?
+22.7%
Yes. Sales grew 22.7% last year.
Does it make a profit?
9.4%
A little. It keeps 9.4% of every sale as profit.
Does profit turn into cash?
25.6%
Yes. 25.6% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
8 / 9
Solid. It passes 8 of 9 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Guidewire Software had $1.5B of revenue in fiscal 2026, up 22.7% on the year before. Over five years, revenue changed +14.7% a year on average. Its operating margin was 10.2%, up 6.7Β pts: of every 100 in sales, about 10 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Guidewire Software made $139M of net profit in fiscal 2026. From fiscal 2017 to 2026, diluted EPS grew 23.7% a year.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $378M in fiscal 2026, 25.6% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
KIRA Β· Guidewire Software returned $606M to shareholders in fiscal 2026, 161% of free cash flow. The diluted share count fell 0.6%.
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders sold $49.7M of shares on the open market and bought none.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$49.7M
5 insiders
Of sales under plans
76%
$37.9M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 20, 2026 | John P MullenPresident | Sold plan | 5,400 | $185.00 | $1.0M | Form 4 |
| Oct 19, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $167.90 | $0.2M | Form 4 |
| Oct 12, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $168.97 | $0.2M | Form 4 |
| Oct 9, 2026 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 9,187 | $168.00 | $1.5M | Form 4 |
| Oct 5, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $152.52 | $0.2M | Form 4 |
| Sep 28, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $142.65 | $0.2M | Form 4 |
| Sep 21, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $145.92 | $0.2M | Form 4 |
| Sep 18, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 9,941 | $142.61 | $1.4M | Form 4 |
| Sep 18, 2026 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 1,381 | $144.98 | $0.2M | Form 4 |
| Sep 17, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 23,234 | $144.47 | $3.4M | Form 4 |
| Sep 17, 2026 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 11,814 | $144.47 | $1.7M | Form 4 |
| Sep 17, 2026 | John P MullenPresident | Sold | 39,683 | $144.47 | $5.7M | Form 4 |
| Sep 17, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 72,290 | $144.47 | $10.4M | Form 4 |
| Sep 17, 2026 | David Franklin PetersonChief Accounting Officer | Sold plan | 1,905 | $144.47 | $0.3M | Form 4 |
| Sep 14, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $145.87 | $0.2M | Form 4 |
| Sep 8, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $160.52 | $0.2M | Form 4 |
| Aug 31, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $204.44 | $0.2M | Form 4 |
| Aug 27, 2026 | David Franklin PetersonChief Accounting Officer | Sold plan | 2,500 | $200.00 | $0.5M | Form 4 |
| Aug 24, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $187.82 | $0.2M | Form 4 |
| Aug 19, 2026 | John P MullenPresident | Sold plan | 14,400 | $185.00 | $2.7M | Form 4 |
| Aug 17, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $172.88 | $0.2M | Form 4 |
| Aug 10, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $169.50 | $0.2M | Form 4 |
| Aug 3, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $155.92 | $0.2M | Form 4 |
| Jul 27, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $142.31 | $0.2M | Form 4 |
| Jul 20, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $147.42 | $0.2M | Form 4 |
| Jul 13, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $138.47 | $0.2M | Form 4 |
| Jul 9, 2026 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 1,684 | $130.64 | $0.2M | Form 4 |
| Jul 6, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $131.63 | $0.2M | Form 4 |
| Jun 29, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $124.29 | $0.1M | Form 4 |
| Jun 22, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 1,348 | $105.67 | $0.1M | Form 4 |
| Jun 22, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $105.67 | $0.1M | Form 4 |
| Jun 16, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold | 2,594 | $118.74 | $0.3M | Form 4 |
| Jun 16, 2026 | John P MullenPresident | Sold | 4,292 | $118.74 | $0.5M | Form 4 |
| Jun 16, 2026 | James Winston KingChief Admin Officer, Gen Couns | Sold | 999 | $118.74 | $0.1M | Form 4 |
| Jun 16, 2026 | David Franklin PetersonChief Accounting Officer | Sold plan | 246 | $118.74 | $0.0M | Form 4 |
| Jun 16, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 5,830 | $118.74 | $0.7M | Form 4 |
| Jun 15, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $123.85 | $0.1M | Form 4 |
| Jun 8, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $135.62 | $0.2M | Form 4 |
| Jun 1, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $158.92 | $0.2M | Form 4 |
| May 26, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $138.51 | $0.2M | Form 4 |
| May 18, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $128.19 | $0.2M | Form 4 |
| May 11, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $136.38 | $0.2M | Form 4 |
| May 4, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $141.91 | $0.2M | Form 4 |
| Apr 27, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $138.09 | $0.2M | Form 4 |
| Apr 20, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $139.75 | $0.2M | Form 4 |
| Apr 13, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $118.77 | $0.1M | Form 4 |
| Apr 6, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $151.14 | $0.2M | Form 4 |
| Mar 30, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $145.74 | $0.2M | Form 4 |
| Mar 23, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $155.56 | $0.2M | Form 4 |
| Mar 17, 2026 | David Franklin PetersonChief Accounting Officer | Sold | 273 | $163.86 | $0.0M | Form 4 |
| Mar 17, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold | 4,737 | $163.86 | $0.8M | Form 4 |
| Mar 17, 2026 | John P MullenPresident | Sold | 6,576 | $163.86 | $1.1M | Form 4 |
| Mar 17, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold | 1,935 | $163.86 | $0.3M | Form 4 |
| Mar 17, 2026 | James Winston KingChief Admin Officer, Gen Couns | Sold | 1,001 | $163.86 | $0.2M | Form 4 |
| Mar 16, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $160.00 | $0.2M | Form 4 |
| Mar 13, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 4,757 | $158.72 | $0.8M | Form 4 |
| Mar 9, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $166.34 | $0.2M | Form 4 |
| Mar 2, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $143.87 | $0.2M | Form 4 |
| Feb 23, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $125.50 | $0.2M | Form 4 |
| Feb 17, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $127.00 | $0.2M | Form 4 |
| Feb 9, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $127.77 | $0.2M | Form 4 |
| Feb 2, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $140.01 | $0.2M | Form 4 |
| Jan 26, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $160.32 | $0.2M | Form 4 |
| Jan 20, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $156.26 | $0.2M | Form 4 |
| Jan 13, 2026 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,200 | $180.87 | $0.2M | Form 4 |
| Jan 13, 2026 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 216 | $180.87 | $0.0M | Form 4 |
| Dec 29, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $204.95 | $0.3M | Form 4 |
| Dec 22, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $200.72 | $0.3M | Form 4 |
| Dec 18, 2025 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 1,860 | $195.00 | $0.4M | Form 4 |
| Dec 18, 2025 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 1,232 | $195.00 | $0.2M | Form 4 |
| Dec 16, 2025 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 1,457 | $192.08 | $0.3M | Form 4 |
| Dec 16, 2025 | Jeffrey Elliott CooperChief Financial Officer | Sold plan | 2,872 | $192.08 | $0.6M | Form 4 |
| Dec 16, 2025 | John P MullenPresident | Sold | 7,975 | $192.08 | $1.5M | Form 4 |
| Dec 16, 2025 | David Franklin PetersonChief Accounting Officer | Sold | 358 | $192.08 | $0.1M | Form 4 |
| Dec 16, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold | 6,015 | $192.08 | $1.2M | Form 4 |
| Dec 15, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $204.34 | $0.3M | Form 4 |
| Dec 8, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $210.87 | $0.3M | Form 4 |
| Dec 1, 2025 | John P MullenPresident | Sold plan | 3,000 | $213.44 | $0.6M | Form 4 |
| Dec 1, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $213.44 | $0.3M | Form 4 |
| Nov 24, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $213.23 | $0.3M | Form 4 |
| Nov 17, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $222.54 | $0.3M | Form 4 |
| Nov 17, 2025 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 798 | $222.54 | $0.2M | Form 4 |
| Nov 10, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $218.53 | $0.3M | Form 4 |
| Nov 3, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $231.85 | $0.3M | Form 4 |
| Nov 3, 2025 | John P MullenPresident | Sold plan | 3,000 | $231.85 | $0.7M | Form 4 |
| Oct 27, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $255.40 | $0.4M | Form 4 |
| Oct 20, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $245.70 | $0.3M | Form 4 |
| Oct 20, 2025 | James Winston KingChief Admin Officer, Gen Couns | Sold plan | 798 | $245.70 | $0.2M | Form 4 |
| Oct 13, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $239.71 | $0.3M | Form 4 |
| Oct 6, 2025 | Michael George RosenbaumChief Executive Officer, Director | Sold plan | 1,400 | $230.08 | $0.3M | Form 4 |
| Oct 1, 2025 | John P MullenPresident | Sold plan | 3,000 | $230.73 | $0.7M | Form 4 |
| Oct 1, 2025 | David S BauerDirector | Sold plan | 500 | $230.73 | $0.1M | Form 4 |
Can it carry its debts, and how well does it use its money?
KIRA Β· Guidewire Software has $75.0M more cash than debt.
Cash, debt and the ratios that show how comfortably Guidewire Software can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash and short-term investments | $976M | $799M | $1.0B | $1.1B | $753M |
| Debt incl. finance leases | $358M | $397M | $399M | $675M | $678M |
| Net debt / EBITDA | β | β | β | β7.3x | β0.4x |
| Debt / equity | 0.3x | 0.3x | 0.3x | 0.5x | 0.6x |
| Interest coverage | β10.3x | β22.3x | β7.8x | 3.1x | 11.3x |
| Current ratio | 3.7x | 3.0x | 1.6x | 2.8x | 1.8x |
| Quick ratio | 3.7x | 3.0x | 1.6x | 2.8x | 1.8x |
| Total assets | $2.3B | $2.0B | $2.2B | $2.7B | $2.6B |
| Total liabilities | $815M | $828M | $884M | $1.3B | $1.4B |
| Shareholders' equity | $1.5B | $1.2B | $1.3B | $1.5B | $1.2B |
| Net debt (β = net cash) | β$618M | β$402M | β$605M | β$475M | β$75.0M |
KIRA Β· Its return on capital was 12.1%: every 100 invested in the business earned about 12 in a year.
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Guidewire Software passes 8 of 9 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY24 | FY25 | FY26 |
|---|---|---|---|
| Net income is positive | β | β | β |
| Cash from operations is positive | β | β | β |
| Return on assets rose | β | β | β |
| Cash from operations exceeds net income | β | β | β |
| Debt fell relative to assets | β | β | β |
| Current ratio rose | β | β | β |
| Share count didn't rise | β | β | β |
| Gross margin rose | β | β | β |
| Revenue rose relative to assets | β | β | β |
| F-score | 5 / 9 | 7 / 9 | 8 / 9 |
| Accruals ratio | β9.5% | β9.3% | β9.5% |
| Altman Z'' | 1.87 | 2.97 | 1.33 |
What does the share cost, and how does it compare?
KIRA Β· At $189.00 a share, the company is worth $16.1B.
Change the assumptions and see what they imply per share. These are models, not forecasts or price targets β the answer depends entirely on what you put in.
In plain words: Move the sliders to try your own guesses about growth. The result is what one share would be worth if those guesses came true. Different guesses give very different answers.
Value per share
β
Adds net cash of $75.0M and divides by 85.4M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.
Value per share
β
Reference multiples: today 116.0x Β· peers 35.2x Β· sector 33.0x.
KIRA Β· Guidewire Software grew sales faster than 3 of its 4 similar companies.
Each companyβs latest fiscal year. Fiscal years end in different months, so periods donβt line up exactly.
In plain words: The same numbers for similar companies, so you can tell whether a figure is high or low for this kind of business.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score | |
|---|---|---|---|---|---|---|---|---|
| Guidewire Software GWRE | $16.1B | 22.7% | 10.2% | 25.6% | 12.1% | β | 8 | |
| Bentley Systems BSY | $12.7B | 11.0% | 24.2% | 34.6% | 12.3% | 43.6x | 9 | Compare β |
| Dolby DLB | $5.9B | 5.9% | 19.6% | 32.3% | 11.4% | 26.7x | 5 | Compare β |
| Samsara IOT | $26.5B | 29.6% | β3.3% | 12.8% | β | β | β | Compare β |
| Bill BILL | $5.1B | 13.0% | β4.4% | 25.0% | β1.7% | β | 4 | Compare β |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $510M | $653M | $720M | $742M | $743M | $813M | $905M | $981M | $1.2B | $1.5B |
| Gross profit | $318M | $356M | $395M | $404M | $390M | $377M | $458M | $583M | $752M | $947M |
| Research and development | $130M | $172M | $189M | $201M | $202M | $229M | $250M | $269M | $296M | $340M |
| Operating income | $21.9M | β$15.6M | $1.5M | β$23.9M | β$106M | β$199M | β$150M | β$52.6M | $41.1M | $150M |
| Interest expense | $0.0M | $6.4M | $17.3M | $17.9M | $18.7M | $19.4M | $6.7M | $6.7M | $13.2M | $13.3M |
| Pretax income | $28.5M | β$8.3M | $12.5M | β$24.3M | β$104M | β$230M | β$134M | β$26.8M | $49.4M | $164M |
| Income tax | $10.5M | $18.5M | β$8.3M | $2.9M | β$37.8M | β$49.3M | β$22.2M | β$20.7M | β$20.4M | $24.8M |
| Net income | $18.1M | β$26.7M | $20.7M | β$27.2M | β$66.5M | β$180M | β$112M | β$6.1M | $69.8M | $139M |
| Diluted EPS | $0.24 | β$0.34 | $0.25 | β$0.33 | β$0.79 | β$2.16 | β$1.36 | β$0.07 | $0.81 | $1.63 |
| Diluted shares | 0.08B | 0.08B | 0.08B | 0.08B | 0.08B | 0.08B | 0.08B | 0.08B | 0.09B | 0.09B |
| Cash flow | ||||||||||
| Cash from operations | $139M | $141M | $116M | $113M | $112M | β$37.9M | $38.4M | $196M | $301M | $390M |
| Capital expenditure | $5.9M | $9.4M | $44.9M | $21.4M | $19.0M | $9.5M | $5.8M | $6.4M | $5.7M | $12.1M |
| Free cash flow | $133M | $131M | $71.2M | $91.7M | $92.6M | β$47.5M | $32.6M | $189M | $295M | $378M |
| Depreciation and amortization | $18.7M | $35.6M | $40.0M | $42.6M | $37.0M | $33.5M | $24.8M | $22.3M | $23.8M | $28.0M |
| Stock-based compensation | $71.8M | $89.6M | $91.5M | $102M | $115M | $137M | $143M | $147M | $162M | $182M |
| Acquisitions | $188M | $130M | $0.0M | $0.0M | $0.0M | $43.8M | $0.0M | $0.0M | $26.8M | $38.0M |
| Share buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $161M | $37.5M | $262M | $0.0M | $0.0M | $606M |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $161M | $37.5M | $262M | $0.0M | $0.0M | $606M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $573M | $1.1B | $1.1B | $1.1B | $1.1B | $976M | $799M | $1.0B | $1.1B | $753M |
| Total debt | β | $305M | $317M | $330M | $344M | $358M | $397M | $399M | $675M | $678M |
| Finance lease liabilities | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Current assets | $679M | $1.2B | $1.3B | $1.3B | $1.4B | $1.3B | $1.1B | $1.3B | $1.5B | $1.2B |
| Current liabilities | $168M | $238M | $232M | $225M | $300M | $338M | $373M | $838M | $545M | $665M |
| Inventory | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Property and equipment, net | $14.4M | $18.6M | $65.8M | $65.2M | $80.1M | $80.7M | $54.5M | $55.4M | $60.4M | $67.8M |
| Total assets | $1.1B | $2.0B | $2.2B | $2.4B | $2.3B | $2.3B | $2.0B | $2.2B | $2.7B | $2.6B |
| Total liabilities | $190M | $568M | $593M | $708M | $777M | $815M | $828M | $884M | $1.3B | $1.4B |
| Shareholders' equity | $889M | $1.4B | $1.6B | $1.7B | $1.5B | $1.5B | $1.2B | $1.3B | $1.5B | $1.2B |
| Margins | ||||||||||
| Gross margin | 62.4% | 54.5% | 54.9% | 54.5% | 52.4% | 46.4% | 50.6% | 59.5% | 62.5% | 64.2% |
| Operating margin | 4.3% | β2.4% | 0.2% | β3.2% | β14.2% | β24.5% | β16.5% | β5.4% | 3.4% | 10.2% |
| EBITDA margin | 8.0% | 3.1% | 5.8% | 2.5% | β9.2% | β20.4% | β13.8% | β3.1% | 5.4% | 12.1% |
| Net margin | 3.6% | β4.1% | 2.9% | β3.7% | β9.0% | β22.2% | β12.4% | β0.6% | 5.8% | 9.4% |
| FCF margin | 26.1% | 20.1% | 9.9% | 12.4% | 12.5% | β5.8% | 3.6% | 19.3% | 24.5% | 25.6% |
| Returns | ||||||||||
| Return on capital | β | β | 0.2% | β2.3% | β10.3% | β19.7% | β14.5% | β5.4% | 4.8% | 12.1% |
| Return on capital employed | 2.6% | β1.2% | 0.1% | β1.2% | β5.1% | β10.1% | β8.3% | β3.5% | 2.3% | 7.3% |
| Return on equity | 2.2% | β2.3% | 1.4% | β1.7% | β4.2% | β12.0% | β8.4% | β0.5% | 5.0% | 10.5% |
| Return on assets | 1.8% | β1.8% | 1.0% | β1.2% | β2.8% | β7.9% | β5.2% | β0.3% | 2.8% | 5.3% |
| Growth | ||||||||||
| Revenue growth | 20.1% | 28.1% | 10.2% | 3.2% | 0.1% | 9.3% | 11.4% | 8.3% | 22.6% | 22.7% |
| Net income growth | 20.7% | β248.0% | β | β231.2% | β | β | β | β | β | 99.5% |
| EPS growth | 20.0% | β241.7% | β | β232.0% | β | β | β | β | β | 101.2% |
| FCF growth | 43.2% | β1.4% | β45.7% | 28.8% | 1.0% | β151.3% | β | 481.4% | 55.8% | 28.0% |
| Share count change | 2.1% | 3.2% | 6.4% | 0.2% | 0.9% | β0.0% | β1.7% | 0.1% | 4.4% | β0.6% |
| Financial health | ||||||||||
| Net debt / EBITDA | β | β38.1x | β19.5x | β42.8x | β | β | β | β | β7.3x | β0.4x |
| Debt / equity | β | 0.2x | 0.2x | 0.2x | 0.2x | 0.3x | 0.3x | 0.3x | 0.5x | 0.6x |
| Interest coverage | 1,681.6x | β2.4x | 0.1x | β1.3x | β5.6x | β10.3x | β22.3x | β7.8x | 3.1x | 11.3x |
| Current ratio | 4.0x | 5.1x | 5.8x | 6.0x | 4.5x | 3.7x | 3.0x | 1.6x | 2.8x | 1.8x |
| Quick ratio | 4.0x | 5.1x | 5.8x | 6.0x | 4.5x | 3.7x | 3.0x | 1.6x | 2.8x | 1.8x |
| Capital allocation | ||||||||||
| Capex / revenue | 1.2% | 1.4% | 6.2% | 2.9% | 2.6% | 1.2% | 0.6% | 0.7% | 0.5% | 0.8% |
| Stock comp / revenue | 14.1% | 13.7% | 12.7% | 13.7% | 15.5% | 16.9% | 15.8% | 14.9% | 13.4% | 12.3% |
| Payouts / FCF | 0.0% | 0.0% | 0.0% | 0.0% | 174.3% | β | 803.7% | 0.0% | 0.0% | 160.5% |
| Quality scores | ||||||||||
| Piotroski F-score | β | β | 7.0 | 4.0 | 2.0 | 3.0 | 6.0 | 5.0 | 7.0 | 8.0 |
| Altman Z'' | 8.3 | 6.0 | 6.4 | 5.7 | 4.7 | 3.5 | 2.4 | 1.9 | 3.0 | 1.3 |
| Accruals ratio | β12.1% | β10.9% | β4.6% | β6.2% | β7.6% | β6.2% | β7.0% | β9.5% | β9.3% | β9.5% |
Source: SEC EDGAR XBRL filings (CIK 0001528396). Data updated October 16, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
