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Side-by-side financial comparison of Guidewire Software, Inc. (GWRE) and Riot Platforms, Inc. (RIOT). Click either name above to swap in a different company.
Guidewire Software, Inc. is the larger business by last-quarter revenue ($332.6M vs $152.8M, roughly 2.2× Riot Platforms, Inc.). Guidewire Software, Inc. runs the higher net margin — 9.4% vs -452.0%, a 461.4% gap on every dollar of revenue. On growth, Guidewire Software, Inc. posted the faster year-over-year revenue change (26.5% vs 7.2%). Guidewire Software, Inc. produced more free cash flow last quarter ($-72.3M vs $-774.3M). Over the past eight quarters, Riot Platforms, Inc.'s revenue compounded faster (38.8% CAGR vs 17.5%).
Guidewire Software, Inc., commonly Guidewire, is an American software company based in San Mateo, California. It offers an industry platform for property and casualty (P&C) insurance carriers in the U.S. and worldwide.
Riot Platforms, Inc. is a leading U.S.-based enterprise focused on Bitcoin mining, operating multiple large-scale, energy-efficient data centers across North America. It also invests in blockchain infrastructure development and holds Bitcoin as a core long-term reserve asset, centering its business strategy around the digital asset ecosystem.
GWRE vs RIOT — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $332.6M | $152.8M |
| Net Profit | $31.3M | $-690.7M |
| Gross Margin | 63.0% | — |
| Operating Margin | 5.6% | -447.9% |
| Net Margin | 9.4% | -452.0% |
| Revenue YoY | 26.5% | 7.2% |
| Net Profit YoY | 242.6% | -606.3% |
| EPS (diluted) | $0.36 | $-1.89 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $332.6M | $152.8M | ||
| Q3 25 | $356.6M | $180.2M | ||
| Q2 25 | $293.5M | $153.0M | ||
| Q1 25 | $289.5M | $161.4M | ||
| Q4 24 | $262.9M | $142.6M | ||
| Q3 24 | $291.5M | $84.8M | ||
| Q2 24 | $240.7M | $70.0M | ||
| Q1 24 | $240.9M | $79.3M |
| Q4 25 | $31.3M | $-690.7M | ||
| Q3 25 | $52.0M | $104.5M | ||
| Q2 25 | $46.0M | $219.5M | ||
| Q1 25 | $-37.3M | $-296.4M | ||
| Q4 24 | $9.1M | $136.4M | ||
| Q3 24 | $16.8M | $-154.4M | ||
| Q2 24 | $-5.5M | $-84.4M | ||
| Q1 24 | $9.7M | $211.8M |
| Q4 25 | 63.0% | — | ||
| Q3 25 | 65.0% | — | ||
| Q2 25 | 62.2% | — | ||
| Q1 25 | 61.9% | — | ||
| Q4 24 | 60.2% | — | ||
| Q3 24 | 64.0% | — | ||
| Q2 24 | 59.1% | — | ||
| Q1 24 | 59.1% | — |
| Q4 25 | 5.6% | -447.9% | ||
| Q3 25 | 8.3% | 44.4% | ||
| Q2 25 | 1.5% | — | ||
| Q1 25 | 4.0% | -144.9% | ||
| Q4 24 | -1.8% | — | ||
| Q3 24 | 3.5% | -143.3% | ||
| Q2 24 | -6.9% | -167.2% | ||
| Q1 24 | -5.2% | — |
| Q4 25 | 9.4% | -452.0% | ||
| Q3 25 | 14.6% | 58.0% | ||
| Q2 25 | 15.7% | 143.4% | ||
| Q1 25 | -12.9% | -183.6% | ||
| Q4 24 | 3.5% | 95.7% | ||
| Q3 24 | 5.7% | -182.1% | ||
| Q2 24 | -2.3% | -120.6% | ||
| Q1 24 | 4.0% | 267.1% |
| Q4 25 | $0.36 | $-1.89 | ||
| Q3 25 | $0.61 | $0.26 | ||
| Q2 25 | $0.54 | $0.58 | ||
| Q1 25 | $-0.45 | $-0.90 | ||
| Q4 24 | $0.11 | $0.39 | ||
| Q3 24 | $0.21 | $-0.54 | ||
| Q2 24 | $-0.07 | $-0.32 | ||
| Q1 24 | $0.12 | $0.51 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $233.5M |
| Total DebtLower is stronger | — | $840.8M |
| Stockholders' EquityBook value | $1.5B | $2.9B |
| Total Assets | $2.6B | $3.9B |
| Debt / EquityLower = less leverage | — | 0.29× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $233.5M | ||
| Q3 25 | $1.1B | $330.7M | ||
| Q2 25 | $920.4M | $255.4M | ||
| Q1 25 | $1.2B | $163.7M | ||
| Q4 24 | $1.3B | $277.9M | ||
| Q3 24 | $1.0B | $355.7M | ||
| Q2 24 | $782.3M | $481.2M | ||
| Q1 24 | $777.6M | $688.5M |
| Q4 25 | — | $840.8M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $5.3M | ||
| Q1 25 | — | $5.3M | ||
| Q4 24 | — | $584.6M | ||
| Q3 24 | $398.9M | $5.7M | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.5B | $2.9B | ||
| Q3 25 | $1.5B | $3.5B | ||
| Q2 25 | $1.4B | $3.3B | ||
| Q1 25 | $1.3B | $2.9B | ||
| Q4 24 | $1.3B | $3.1B | ||
| Q3 24 | $1.3B | $2.7B | ||
| Q2 24 | $1.3B | $2.6B | ||
| Q1 24 | $1.3B | $2.5B |
| Q4 25 | $2.6B | $3.9B | ||
| Q3 25 | $2.7B | $4.5B | ||
| Q2 25 | $2.5B | $4.3B | ||
| Q1 25 | $2.5B | $3.7B | ||
| Q4 24 | $2.6B | $3.9B | ||
| Q3 24 | $2.2B | $2.9B | ||
| Q2 24 | $2.0B | $2.7B | ||
| Q1 24 | $2.0B | $2.6B |
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | 0.00× | ||
| Q1 25 | — | 0.00× | ||
| Q4 24 | — | 0.19× | ||
| Q3 24 | 0.30× | 0.00× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-67.4M | $-572.9M |
| Free Cash FlowOCF − Capex | $-72.3M | $-774.3M |
| FCF MarginFCF / Revenue | -21.7% | -506.6% |
| Capex IntensityCapex / Revenue | 1.5% | 131.8% |
| Cash ConversionOCF / Net Profit | -2.15× | — |
| TTM Free Cash FlowTrailing 4 quarters | $286.0M | $-1.4B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-67.4M | $-572.9M | ||
| Q3 25 | $244.8M | $-114.0M | ||
| Q2 25 | $32.4M | $-231.3M | ||
| Q1 25 | $86.0M | $-122.1M | ||
| Q4 24 | $-62.3M | $-255.1M | ||
| Q3 24 | $193.8M | $-56.3M | ||
| Q2 24 | $4.8M | $-42.5M | ||
| Q1 24 | $69.3M | $-57.9M |
| Q4 25 | $-72.3M | $-774.3M | ||
| Q3 25 | $241.4M | $-139.7M | ||
| Q2 25 | $31.6M | $-291.7M | ||
| Q1 25 | $85.2M | $-154.9M | ||
| Q4 24 | $-63.1M | $-495.4M | ||
| Q3 24 | $192.1M | $-127.6M | ||
| Q2 24 | $4.1M | $-96.1M | ||
| Q1 24 | $66.3M | $-115.2M |
| Q4 25 | -21.7% | -506.6% | ||
| Q3 25 | 67.7% | -77.5% | ||
| Q2 25 | 10.8% | -190.7% | ||
| Q1 25 | 29.4% | -96.0% | ||
| Q4 24 | -24.0% | -347.5% | ||
| Q3 24 | 65.9% | -150.5% | ||
| Q2 24 | 1.7% | -137.2% | ||
| Q1 24 | 27.5% | -145.2% |
| Q4 25 | 1.5% | 131.8% | ||
| Q3 25 | 1.0% | 14.3% | ||
| Q2 25 | 0.2% | 39.5% | ||
| Q1 25 | 0.3% | 20.4% | ||
| Q4 24 | 0.3% | 168.6% | ||
| Q3 24 | 0.6% | 84.1% | ||
| Q2 24 | 0.3% | 76.5% | ||
| Q1 24 | 1.2% | 72.3% |
| Q4 25 | -2.15× | — | ||
| Q3 25 | 4.71× | -1.09× | ||
| Q2 25 | 0.70× | -1.05× | ||
| Q1 25 | — | — | ||
| Q4 24 | -6.82× | -1.87× | ||
| Q3 24 | 11.56× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 7.15× | -0.27× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GWRE
| Subscription | $222.7M | 67% |
| Services | $62.4M | 19% |
| Other | $33.1M | 10% |
| Support | $14.5M | 4% |
RIOT
| Bitcoin Mining Segment | $131.7M | 86% |
| Engineering Segment | $21.1M | 14% |
