OPEN TEXT CORP OTEX

Technology SIC 7373 - Services-Computer Integrated Systems Design NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services derived Nasdaq

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.

Last close 27.95 2026-10-23
Market cap $6.77B 2026-06-30 share count
52-week range 19.77 - 39.81

Valuation FY2026 figures against the last close

P/S1.3x
P/E10.8x
P/FCF8.4x
EV/EBITDA10.7x
Dividend yield4.0%
Diluted EPS2.58

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Emea
  • Asia Pacific
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2026 Americas, FY2026: 2.9B (55.2%) 55% Americas Emea, FY2026: 1.9B (35.9%) 36% Emea Asia Pacific, FY2026: 469.2M (8.9%) 9% Asia Pacific FY2025 Americas, FY2025: 2.9B (56.9%) 57% Emea, FY2025: 1.8B (33.9%) 34% Asia Pacific, FY2025: 478.2M (9.3%) 9% FY2024 Americas, FY2024: 3.3B (57.9%) 58% Emea, FY2024: 1.9B (32.6%) 33% Asia Pacific, FY2024: 549.2M (9.5%) 10%
Region FY2026FY2025FY2024
Americas $2.90B $2.94B $3.34B
Emea $1.88B $1.75B $1.88B
Asia Pacific $469.2M $478.2M $549.2M

As the company reported it, from the “REVENUES - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Customer support
  • Cloud services and subscriptions
  • License
  • Professional service and other
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2026 Customer support, FY2026: 2.3B (43.6%) 44% Customer support Cloud services and subscriptions, FY2026: 2B (37.3%) 37% Cloud services and subscriptions License, FY2026: 678.5M (12.9%) 13% License Professional service and other, FY2026: 321.9M (6.1%) 6% FY2025 Customer support, FY2025: 2.3B (45.2%) 45% Cloud services and subscriptions, FY2025: 1.9B (35.9%) 36% License, FY2025: 625.6M (12.1%) 12% Professional service and other, FY2025: 352.3M (6.8%) 7% FY2024 Customer support, FY2024: 2.7B (47.0%) 47% Cloud services and subscriptions, FY2024: 1.8B (31.6%) 32% License, FY2024: 834.2M (14.5%) 14% Professional service and other, FY2024: 401.6M (7.0%) 7%
Segment FY2026FY2025FY2024
Customer support $2.29B $2.33B $2.71B
Cloud services and subscriptions $1.96B $1.86B $1.82B
License $678.5M $625.6M $834.2M
Professional service and other $321.9M $352.3M $401.6M

As the company reported it, from the “SEGMENT INFORMATION - Segment Reporting Information, by Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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 2.581.661.710.561.461.140.861.060.914.04
EPS, diluted 2.581.651.710.561.461.140.861.060.914.01
Shares, diluted (wtd. avg.) 249.4M263.6M272.6M270.5M271.9M273.5M271.8M269.9M267.5M255.8M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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 FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2017: 2.3B Gross profit, FY2017: 1.5B Net income, FY2017: 1B Revenue, FY2018: 2.8B Gross profit, FY2018: 1.9B Net income, FY2018: 242.2M Revenue, FY2019: 2.9B Gross profit, FY2019: 1.9B Net income, FY2019: 285.5M Revenue, FY2020: 3.1B Gross profit, FY2020: 2.1B Net income, FY2020: 234.2M Revenue, FY2021: 3.4B Gross profit, FY2021: 2.4B Net income, FY2021: 310.7M Revenue, FY2022: 3.5B Gross profit, FY2022: 2.4B Net income, FY2022: 397.1M Revenue, FY2023: 4.5B Gross profit, FY2023: 3.2B Net income, FY2023: 150.4M Revenue, FY2024: 5.8B Gross profit, FY2024: 4.2B Net income, FY2024: 465.1M Revenue, FY2025: 5.2B Gross profit, FY2025: 3.7B Net income, FY2025: 435.9M Revenue, FY2026: 5.2B Gross profit, FY2026: 3.9B Net income, FY2026: 643M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $2.29B $2.82B $2.87B $3.11B $3.39B $3.49B $4.48B $5.77B $5.17B $5.25B
Gross profit $1.53B $1.86B $1.94B $2.11B $2.35B $2.43B $3.17B $4.19B $3.73B $3.87B
Net income $1.03B $242.2M $285.5M $234.2M $310.7M $397.1M $150.4M $465.1M $435.9M $643.0M

Recent filings and events

  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Other event Item 8.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7373

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IONQ IonQ, Inc. $11.91B — 201.9%
JKHY JACK HENRY & ASSOCIATES INC $11.40B 23.3x 7.1%
AUR Aurora Innovation, Inc. $9.50B — —
SAIC Science Applications International Corp $6.11B 18.9x -2.9%