Private company

Duck Creek Technologies

Software company specializing in insurance and originally part of Accenture founded in 20001

In its 2022 annual report the company says: “Duck Creek Technologies is the leading cloud-based SaaS provider of core systems for the global property and casualty (P&C) and general insurance industry. We have achieved our leadership position by combining over twenty years of deep domain expertise with the differentiated SaaS capabilities and low-code configurability of our technology platform.”58 It is headquartered in Bolivar.1

Last updated Oct 20, 2026.

Overview

$302.9MRevenue, fiscal 20223
-$8.3MNet income, fiscal 20223
Jan 1, 2000Founded1
  • Industryinsurance1
  • HeadquartersBolivar1
  • Websitewww.duckcreek.com
  • Business address22 Boston Wharf Road, Floor 10, Boston, Ma 022104
  • Filer categoryLarge accelerated filer4

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

57.6%Gross margin3
-1.8%Operating margin3
-2.8%Net margin3
16.3%Revenue growth, 20223
-1.1%Return on equity3
$9.4MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue42¢$128.3M
  • Research and development18¢$55.4M
  • Other costs39¢$118.0M
  • Income tax0¢$1.3M

Out of $302.9M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Capital spending12¢$1.3M
  • Share buybacks10¢$1.0M
  • Kept or used elsewhere79¢$8.4M

Out of $10.7M of cash from operations.3

Financial statements

Revenue53$302.9M in 2022+77% since 2019
0$100.0M$200.0M$300.0M$400.0M2019: $171.3M$171.3M20192020: $211.7M$211.7M2020+24%2021: $260.4M$260.4M2021+23%2022: $302.9M$302.9M2022+16%
Gross profit53$174.6M in 2022+76% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $99.1M$99.1M20192020: $114.5M$114.5M2020+16%2021: $150.3M$150.3M2021+31%2022: $174.6M$174.6M2022+16%
Operating income53-$5.4M in 2022−62% since 2019
-$30.0M-$20.0M-$10.0M02019: -$14.2M-$14.2M20192020: -$28.7M-$28.7M2020+102%2021: -$15.4M-$15.4M2021−46%2022: -$5.4M-$5.4M2022−65%
Net income53-$8.3M in 2022−51% since 2019
-$30.0M-$20.0M-$10.0M02019: -$16.9M-$16.9M20192020: -$29.9M-$29.9M2020+77%2021: -$16.9M-$16.9M2021−43%2022: -$8.3M-$8.3M2022−51%
Fiscal year20182019202020212022
Revenue$171.3M5$211.7M3$260.4M3$302.9M3
Cost of revenue$72.2M5$97.2M3$110.1M3$128.3M3
Gross profit$99.1M5$114.5M3$150.3M3$174.6M3
Research and development$35.9M5$44.1M3$48.5M3$55.4M3
Operating expenses$180.0M3
Operating income-$14.2M5-$28.7M3-$15.4M3-$5.4M3
Interest$1.0M5$356.0K5$100.0K5
Income before tax-$7.0M3
Income tax$1.1M5$1.6M3$1.9M3$1.3M3
Net income-$16.9M5-$29.9M3-$16.9M3-$8.3M3

Compare Duck Creek Technologies with another company

Corporate structure

Duck Creek Technologies sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Duck Creek Technologies

  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SC 13G/A on Duck Creek Technologies, latest Feb 13, 2024 (3 filings since Feb 14, 2022)
  • Echo Street Capital Management LLC Filed SC 13G/A on Duck Creek Technologies, latest Feb 8, 2024 (2 filings since Feb 14, 2023)
  • VISTA EQUITY PARTNERS FUND VIII, L.P. Filed SC 13D/A on Duck Creek Technologies, latest Mar 31, 2023 (4 filings since Jan 18, 2023)
  • Accenture Filed SC 13D/A on Duck Creek Technologies, latest Mar 30, 2023 (2 filings since Jan 10, 2023)
  • Disco (Guernsey) Holdings L.P. Inc. Filed SC 13D/A on Duck Creek Technologies, latest Mar 30, 2023 (2 filings since Feb 21, 2023)
  • BROWN CAPITAL MANAGEMENT LLC Filed SC 13G/A on Duck Creek Technologies, latest Feb 14, 2023 (2 filings since Jul 11, 2022)
  • VANGUARD GROUP INC Filed SC 13G on Duck Creek Technologies, latest Feb 9, 2023
  • Duck Creek Technologies Bolivar

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Duck Creek Technologies reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$30.5M3 Aug 31, 2022$26.6M3 Aug 31, 2021+14.9%
Accumulated depreciation$16.4M3 Aug 31, 2022$12.3M3 Aug 31, 2021+34.1%
Property and equipment, net$14.1M3 Aug 31, 2022$14.3M3 Aug 31, 2021−1.6%
Operating-lease assets (leased space)$16.5M3 Aug 31, 2022$17.8M3 Aug 31, 2021−7.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$155.3M3 Aug 31, 2022$185.7M3 Aug 31, 2021−16.4%
Marketable securities, current$117.8M3 Aug 31, 2022$192.0M3 Aug 31, 2021−38.6%
Debt securities available for sale$206.1M3 Aug 31, 2022$192.0M3 Aug 31, 2021+7.4%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$355.5M3 Aug 31, 2022$272.5M3 Aug 31, 2021+30.5%
Intangible assets, net (excluding goodwill)$82.9M3 Aug 31, 2022$65.4M3 Aug 31, 2021+26.8%
Finite-lived intangibles, gross$186.2M3 Aug 31, 2022$152.0M3 Aug 31, 2021+22.4%
Accumulated amortization-$103.1M3 Aug 31, 2022-$86.7M3 Aug 31, 2021−19.0%
Finite-lived intangibles, net$82.9M3 Aug 31, 2022$65.4M5 Aug 31, 2021+26.8%

Leadership

Who has led Duck Creek Technologies, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michael A. Jackowski2020–2023

Chief financial officer

  1. Vincent A. Chippari2020–2022
  2. Kevin R. Rhodes2022–2023

Chief operating officer

  1. Biert Eugene Van Jr.2022–2023
20052010201520202025
Board members and other officers (21)

Former names

  • DUCK CREEK TECHNOLOGIES INCSep 26, 2002 to Jul 22, 20104

Timeline

  1. Mar 30, 20238-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale34
  2. Mar 28, 20238-K Shareholder vote35
  3. Mar 17, 20238-K Other events36
  4. Mar 13, 20238-K Executive or director change37
  5. Feb 24, 20238-K Shareholder vote38
  6. Feb 8, 20238-K Other events39
  7. Jan 10, 20238-K Entered a material agreement40
  8. Jan 9, 20238-K Other events41
  9. Jan 5, 20238-K Results of operations; Regulation FD disclosure42
  10. Oct 12, 20228-K Results of operations43
  11. Oct 7, 20228-K Executive or director change44
  12. Sep 2, 20228-K Executive or director change45
  13. Aug 13, 2020New chief executive Michael A. Jackowski becomes CEO10
  14. Jan 1, 2000Founded Founded1

Calendar

When it reported results

  1. Jan 5, 2023Reported quarterly or annual results42
  2. Oct 12, 2022Reported quarterly or annual results43
  3. Jun 29, 2022Reported quarterly or annual results46
  4. Mar 31, 2022Reported quarterly or annual results47
  5. Jan 6, 2022Reported quarterly or annual results48
  6. Oct 14, 2021Reported quarterly or annual results49

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

129 filings to the SEC since October 2021: 3 annual reports, 5 quarterly reports, 24 major events, 62 insider forms, 16 large holders, 19 other. The latest 20:

  1. Feb 13, 2024SC 13G/A EDGAR
  2. Feb 8, 2024SC 13G/A EDGAR
  3. Apr 10, 202315-12G EDGAR
  4. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  5. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  6. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  7. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  8. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  9. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  10. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  11. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  12. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  13. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  14. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  15. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  16. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  17. Mar 31, 20234 FORM 4 SUBMISSION EDGAR
  18. Mar 31, 2023SC 13D/A EDGAR
  19. Mar 30, 20234 EDGAR
  20. Mar 30, 2023SC 13D/A EDGAR

The 129 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

11 open-market trades by officers, directors and large owners since October 2021: 2 buys and 9 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jul 1, 2022Harris Eva F.Chief Strategy OfficerBuy3,516$14.25$50.1KForm 4
Apr 25, 2022RHODES KEVIN RChief Financial OfficerBuy3,000$16.66$50.0KForm 4
Feb 11, 2022Foster Matthew R.Sale25,000$23.50$587.5KForm 4
Feb 8, 2022CHIPPARI VINCENT ASale25,000$24.29$607.2KForm 4
Jan 10, 2022CHIPPARI VINCENT ASale50,000$28.01$1.4MForm 4
Jan 3, 2022CHIPPARI VINCENT ASale25,000$30.13$753.2KForm 4
Dec 7, 2021CHIPPARI VINCENT ASale25,000$30.00$750.0KForm 4
Nov 1, 2021CHIPPARI VINCENT ASale25,000$31.19$779.8KForm 4
Oct 19, 2021Winter Jeffrey HowardChief Marketing OfficerSale3$33.75$101Form 4
Oct 1, 2021Foster Matthew R.Sale2,000$44.12$88.2KForm 4
Oct 1, 2021CHIPPARI VINCENT ASale25,000$43.97$1.1MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Duck Creek Technologies is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDUCK CREEK TECHNOLOGIES, INC.2
  • CIK0001160951
  • Employer ID (EIN)84-37238372
  • Filer statusLarge accelerated filer2
  • Fiscal year endsAugust 312
  • Industry code (SIC)7372 Services-Prepackaged Software2
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance2
  • Business address22 Boston Wharf Road, Floor 10, Boston, MA 022102
  • Phone(833) 798-77892
  • Shares outstanding132,888,209 as of Jan 3, 202357
  • Public float$3.2B as of Feb 28, 20229
  • On EDGAR sinceSep 26, 20022
  • Filings290 in all: 4 (128), 8-K (34), 3 (26), SC 13D/A (12), DEFA14A (10), CORRESP (8), 10-Q (7), UPLOAD (7)2
    All 35 form types

    SC 13G/A (6), REGDEX (5), SC 13G (4), 10-K (3), 424B4 (3), DEF 14A (3), DRS (3), DRS/A (3), EFFECT (3), S-1 (3), SC 13D (3), DRSLTR (2), REGDEX/A (2), S-1/A (2), 10-K/A (1), 10-Q/A (1), 15-12G (1), 25-NSE (1), 4/A (1), 8-A12B (1), CERT (1), D (1), DEFM14A (1), PREM14A (1), S-1MEF (1), S-8 (1), S-8 POS (1)

  • Latest filingsAnnual report (10-K) Oct 28, 2022
    Quarterly report (10-Q) Jan 9, 2023
    Proxy statement (DEF 14A) Dec 28, 2022
    Latest 8-K (8-K) Mar 30, 2023

Sources

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