HIGHBuilt-inCustomer
P&C insurance industry customers
“10-K Item 1A: 'Our revenue and ARR are dependent on orders from customers in the P&C insurance industry'”
GWRE · Concentration risk · 10-K extracted
Guidewire Software (GWRE) concentration risks
Updated
The most significant concentration Guidewire Software discloses is P&C insurance industry customers, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: Guidewire Software’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMOutside partySupplier
Amazon Web Services hosting
“10-K Item 1: 'GWCP is a Guidewire-developed infrastructure layer enabled by and hosted on Amazon Web Services'”
LOWOutside partyCustomer
21%
ten largest customers
“10-K Item 1A: 'Our ten largest customers accounted for 21% and 20% of our revenue in fiscal years 2026 and 2025, respectively'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18Guidewire's concentration is largely structural. Revenue and ARR depend on orders from customers in the P&C insurance industry, a high-share exposure by construction: the company sells a specialized platform into one vertical, so industry-wide budget cycles, consolidation or underwriting stress affect it broadly rather than through any single account. Customer-level concentration is comparatively modest. The ten largest customers accounted for 21% of revenue in the latest fiscal year and 20% in the prior year, a low-share exposure with dependency character and a stable trend. Losing one large insurer would matter, but it would not by itself break the revenue base. The one idiosyncratic operational dependency is infrastructure: the Guidewire Cloud Platform is enabled by and hosted on Amazon Web Services, a medium-share exposure. An extended provider outage or a change in hosting terms could affect the cloud offering across customers at once. Netting these out, the industry exposure sets the baseline cyclicality, the customer mix is diversified enough to be a secondary concern, and the cloud-hosting dependency is the most plausible source of an unexpected shock.
For the engine’s reasoning on GWRE’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Application
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ADSK | Autodesk, Inc. | 1 | 1 | 1 | 3 |
| GWRE● | Guidewire Software, Inc. | 1 | 1 | 1 | 3 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| ADBE | Adobe Inc. | 0 | 0 | 0 | 0 |
| ADP | Automatic Data Processing, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.