OPEN TEXT CORP OTEX
Incorporated in 1991, OpenText is a leading provider of data management for enterprise AI. We are Canadian in our roots and global in our reach. We provide the secure data foundation in the AI stack, the trusted context that makes credible AI outcomes possible. We give clients the choice to transform and operate at their best: deployment on-premise or in the cloud, with the type of cloud they need, public, private or sovereign, and to integrate with any enterprise-grade language model. We operate across the private, public, and highly regulated sectors including retail, financial services, government, manufacturing, healthcare, energy, and logistics.
As enterprise adoption of AI continues to evolve, organizations increasingly require trusted, governed enterprise data to deploy AI effectively. OpenText's products and solutions build on the Company's longstanding data management capabilities to help clients meet those evolving requirements. Our products and solutions are a critical layer in the AI stack that connect enterprise data to AI for trusted outcomes. OpenText's data management products and solutions manage and govern the creation, capture, use, analysis, and lifecycle of structured and unstructured enterprise data. We help organizations manage and integrate their data, unlocking its value for trusted AI results, while meeting privacy and compliance requirements, so clients can move confidently from AI experimentation to enterprise-scale AI adoption. To accelerate agentic AI and business transformation, OpenText enables clients to deploy in the cloud of their choice, with the AI model that best meets business, security, and regulatory obligations.
Valuation FY2026 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.25B | $5.17B | $5.77B | $4.48B | $3.49B | $3.39B | $3.11B | $2.87B | $2.82B | $2.29B |
| Cost of revenue | $1.38B | $1.43B | $1.58B | $1.32B | $1.06B | $1.03B | $1.00B | $930.7M | $951.0M | $761.6M |
| Gross profit | $3.87B | $3.73B | $4.19B | $3.17B | $2.43B | $2.35B | $2.11B | $1.94B | $1.86B | $1.53B |
| SG&A | $436.6M | $427.8M | $577.0M | $419.6M | $317.1M | $263.5M | $237.5M | $207.9M | $205.2M | $170.4M |
| Total operating expenses | $2.79B | $2.84B | $3.30B | $2.65B | $1.79B | $1.61B | $1.60B | $1.37B | $1.36B | $1.17B |
| Operating income | $1.08B | $892.7M | $887.1M | $516.3M | $644.8M | $740.9M | $503.5M | $567.0M | $506.7M | $354.7M |
| Interest expense | — | — | — | $329.4M | $157.9M | $151.6M | $146.4M | $136.6M | $138.5M | $120.9M |
| Pre-tax income | $858.9M | $482.1M | $729.3M | $221.3M | $516.0M | $650.8M | $345.2M | $440.6M | $386.1M | $249.6M |
| Income tax | $215.6M | $46.0M | $264.0M | $70.8M | $118.8M | $339.9M | $110.8M | $154.9M | $143.8M | $776.4M |
| Net income | $643.0M | $435.9M | $465.1M | $150.4M | $397.1M | $310.7M | $234.2M | $285.5M | $242.2M | $1.03B |
| EPS, basic | 2.58 | 1.66 | 1.71 | 0.56 | 1.46 | 1.14 | 0.86 | 1.06 | 0.91 | 4.04 |
| EPS, diluted | 2.58 | 1.65 | 1.71 | 0.56 | 1.46 | 1.14 | 0.86 | 1.06 | 0.91 | 4.01 |
| Shares, diluted (wtd. avg.) | $249.4M | $263.6M | $272.6M | $270.5M | $271.9M | $273.5M | $271.8M | $269.9M | $267.5M | $255.8M |
Balance sheet
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $956.0M | $1.16B | $1.28B | $1.23B | $1.70B | $1.61B | $1.70B | $943.5M | $684.0M | $446.2M |
| Short-term investments | — | — | — | — | — | — | — | — | — | $0 |
| Receivables | $751.0M | $659.7M | $626.2M | $682.5M | $426.7M | $438.5M | $466.4M | $463.8M | $488.0M | $445.8M |
| Total current assets | $2.12B | $2.20B | $2.28B | $2.28B | $2.29B | $2.20B | $2.39B | $1.56B | $1.33B | $1.00B |
| Property, plant and equipment | $522.2M | $375.3M | $367.7M | $356.9M | $244.7M | $233.6M | $244.6M | $249.5M | $264.2M | $227.4M |
| Goodwill | $7.33B | $7.52B | $7.49B | $8.66B | $5.24B | $4.69B | $4.67B | $3.77B | $3.58B | $3.42B |
| Other intangibles | $1.48B | $1.98B | $2.49B | $4.08B | $1.08B | $1.19B | $1.61B | $1.15B | $1.30B | $1.47B |
| Total assets | $13.11B | $13.77B | $14.21B | $17.09B | $10.18B | $9.61B | $10.23B | $7.93B | $7.77B | $7.48B |
| Accounts payable | $127.5M | $136.2M | $151.2M | $162.7M | $114.0M | $57.5M | $41.5M | $46.3M | $41.7M | $43.7M |
| Short-term debt | $35.9M | $35.9M | $35.9M | $320.9M | $10.0M | $10.0M | $610.0M | $10.0M | $10.0M | $182.8M |
| Total current liabilities | $2.62B | $2.75B | $2.80B | $3.22B | $1.47B | $1.36B | $1.90B | $1.01B | $994.6M | $1.13B |
| Long-term debt | $5.73B | $6.34B | $6.36B | $8.56B | $4.21B | $3.58B | $3.58B | $2.60B | $2.62B | $2.57B |
| Retained earnings | $2.02B | $1.94B | $2.12B | $2.05B | $2.16B | $2.15B | $2.16B | $2.11B | $1.99B | $1.90B |
| Total equity | $4.01B | $3.93B | $4.20B | $4.02B | $4.03B | $4.10B | $4.01B | $3.88B | $3.72B | $3.53B |
Cash flow
| Fiscal year | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.01B | $830.6M | $967.7M | $779.2M | $981.8M | $876.1M | $954.5M | $876.3M | $708.1M | $440.4M |
| Depreciation and amortisation | — | — | — | — | — | — | — | $470.9M | $456.9M | $345.7M |
| Stock-based compensation | $80.6M | $104.8M | $140.1M | $130.3M | $69.6M | $52.0M | $29.5M | $26.8M | $27.6M | $30.5M |
| Capital expenditure | $199.3M | $143.2M | $159.3M | $123.8M | $93.1M | $63.7M | $72.7M | $63.8M | $105.3M | $79.6M |
| Investing cash flow | $117.2M | -$153.5M | $2.06B | -$5.65B | -$971.0M | -$68.8M | -$1.47B | -$464.5M | -$444.4M | -$2.19B |
| Financing cash flow | -$1.32B | -$834.7M | -$2.96B | $4.40B | $138.5M | -$924.5M | $1.27B | -$148.4M | -$23.7M | $909.5M |
| Dividends paid | $268.4M | $271.5M | $267.4M | $259.5M | $237.7M | $210.7M | $188.7M | $168.9M | $145.6M | $120.6M |
| Buybacks | $416.4M | $413.3M | $150.0M | $0 | $177.0M | $119.1M | $0 | $26.5M | $0 | $8.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001002638-26-000068.
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