LOWOutside partyCustomer
20%
ten largest customers
“10-K Item 1A: 'Our ten largest customers accounted for 20% and 22% of our revenue in fiscal years 2025 and 2024, respectively'”
GWRE · Concentration risk · 10-K extracted
Guidewire Software (GWRE) concentration risks
Updated
The most significant concentration Guidewire Software discloses is ten largest customers at 20%, classified LOW 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.
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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 · 1 disclosed concentration
HIGH0
MEDIUM0
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).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company's disclosed concentration profile is limited to a single, small-share customer concentration. The ten largest customers accounted for 20% of revenue in fiscal year 2025, a modest share that indicates the revenue base is broadly distributed across a large number of insurance carrier clients. The character is one of dependency — the relationship is one of contractual software licensing and cloud services delivery rather than a structural feature of the underlying insurance market — but the small share means that the loss of any individual customer within that top ten would not be materially disruptive at the consolidated revenue level. This level of customer diversification is generally favorable for a software company serving the property and casualty insurance industry. It suggests that growth and revenue stability are not contingent on any single carrier relationship and that the business would need to experience multiple simultaneous customer losses to generate a material top-line impact. No geographic, product-line, or supplier concentrations are disclosed alongside the customer metric. The absence of additional concentration disclosures reflects the nature of enterprise software revenue, which tends to be diversified across many licensed contracts. On balance, the disclosed concentration profile is narrow and well-contained: the small customer share at the top ten level is the entire disclosed story, and it does not represent a meaningful risk factor relative to the company's business model or the investment verdict. The primary variable to monitor is renewal rates and expansion within the existing customer base rather than concentration risk from any single account.
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 |
| ADEA | Adeia Inc. | 1 | 0 | 0 | 1 |
| AGYS | Agilysys, Inc. | 0 | 2 | 0 | 2 |
| GWRE● | Guidewire Software, Inc. | 0 | 0 | 1 | 1 |
| 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.