NASDAQ : OTEX
Open Text Corporation — Financial statements
Technology · Software - Application · Canada
Last price 26.59 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 6.43B
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Financial statements
Open Text Corporation (OTEX) reported revenue of 5.25B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 5.25B | 5.25B | 5.17B | 5.77B | 4.48B | 3.49B |
| Cost of Revenue | 1.20B | 1.20B | 1.25B | 1.33B | 1.09B | 863.59M |
| Gross Profit | 4.04B | 4.04B | 3.92B | 4.43B | 3.39B | 2.63B |
| Selling, General & Admin | 1.59B | 1.59B | 1.50B | 1.75B | 1.40B | 997.48M |
| Research & Development | 647.71M | 647.71M | 755.94M | 864.46M | 659.21M | 440.45M |
| Amortization of Goodwill & Intangibles | 463.21M | 463.21M | 510.67M | 676.33M | 549.59M | 415.71M |
| Operating Expenses | 2.84B | 2.84B | 2.90B | 3.43B | 2.71B | 1.94B |
| Operating Income | 1.20B | 1.20B | 1.02B | 1.01B | 678.11M | 688.37M |
| Interest Expense | -321.69M | -321.69M | -351.37M | -535.93M | -363.63M | -151.57M |
| Interest & Investment Income | 42.29M | 42.29M | 49.56M | 49.14M | 53.49M | 4.64M |
| Earnings From Equity Investments | -4.05M | -4.05M | 230.00K | -18.19M | -23.08M | 58.70M |
| Currency Exchange Gain (Loss) | 3.23M | 3.23M | -24.89M | 1.20M | 56.60M | -2.67M |
| Other Non Operating Income (Expenses) | 13.71M | 13.71M | -65.66M | -13.72M | -2.85M | -7.17M |
| EBT Excluding Unusual Items | 934.55M | 934.55M | 632.14M | 491.89M | 398.64M | 590.30M |
| Merger & Restructuring Charges | -96.28M | -96.28M | -130.99M | -76.05M | -161.14M | -28.76M |
| Gain (Loss) on Sale of Assets | 76.14M | 76.14M | -4.17M | 429.10M | ||
| Other Unusual Items | -55.52M | -55.52M | -14.90M | -115.65M | -16.17M | -45.53M |
| Pretax Income | 858.88M | 858.88M | 482.07M | 729.30M | 221.33M | 516.01M |
| Income Tax Expense | 215.61M | 215.61M | 46.01M | 264.01M | 70.77M | 118.75M |
| Earnings From Continuing Operations | 643.26M | 643.26M | 436.07M | 465.28M | 150.57M | 397.26M |
| Minority Interest in Earnings | -241.00K | -241.00K | -198.00K | -194.00K | -187.00K | -169.00K |
| Net Income | 643.02M | 643.02M | 435.87M | 465.09M | 150.38M | 397.09M |
| Net Income to Common | 643.02M | 643.02M | 435.87M | 465.09M | 150.38M | 397.09M |
| Shares Outstanding (Basic) | 249.03M | 249.03M | 263.27M | 271.55M | 270.30M | 271.27M |
| Shares Outstanding (Diluted) | 249.37M | 249.37M | 263.65M | 272.59M | 270.45M | 271.91M |
| EPS (Basic) | 2.58 | 2.58 | 1.66 | 1.71 | 0.56 | 1.46 |
| EPS (Diluted) | 2.58 | 2.58 | 1.65 | 1.71 | 0.56 | 1.46 |
| Free Cash Flow | 807.52M | 807.52M | 687.40M | 808.40M | 655.37M | 888.70M |
| Free Cash Flow Per Share | 3.24 | 3.24 | 2.61 | 2.97 | 2.42 | 3.27 |
| Dividend Per Share | 1.10 | 1.10 | 1.05 | 1.00 | 0.97 | 0.88 |
| Gross Margin | 77.06% | 77.06% | 75.91% | 76.87% | 75.62% | 75.28% |
| Operating Margin | 22.89% | 22.89% | 19.82% | 17.50% | 15.12% | 19.70% |
| Profit Margin | 12.26% | 12.26% | 8.43% | 8.06% | 3.35% | 11.37% |
| Free Cash Flow Margin | 15.39% | 15.39% | 13.30% | 14.01% | 14.61% | 25.44% |
| EBITDA | 1.63B | 1.63B | 1.48B | 1.57B | 1.11B | 993.71M |
| EBITDA Margin | 31.14% | 31.14% | 28.57% | 27.27% | 24.80% | 28.44% |
| D&A For EBITDA | 432.54M | 432.54M | 452.46M | 564.00M | 434.17M | 305.35M |
| EBIT | 1.20B | 1.20B | 1.02B | 1.01B | 678.11M | 688.37M |
| EBIT Margin | 22.89% | 22.89% | 19.82% | 17.50% | 15.12% | 19.70% |
| Effective Tax Rate | 25.10% | 25.10% | 9.54% | 36.20% | 31.97% | 23.01% |
| Revenue as Reported | 5.25B | 5.25B | 5.17B | 5.77B | 4.48B | 3.49B |
Balance sheet
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 956.02M | 956.02M | 1.16B | 1.28B | 1.23B | 1.69B |
| Short-Term Investments | 4.82M | 4.82M | 2.46M | 4.14M | 2.62M | 6.30M |
| Cash & Short-Term Investments | 960.85M | 960.85M | 1.16B | 1.28B | 1.23B | 1.70B |
| Accounts Receivable | 828.49M | 828.49M | 737.60M | 692.64M | 753.71M | 452.82M |
| Other Receivables | 97.72M | 97.72M | 108.79M | 61.11M | 68.16M | 18.25M |
| Receivables | 926.21M | 926.21M | 846.39M | 753.75M | 821.87M | 471.07M |
| Prepaid Expenses | 179.70M | 179.70M | 148.82M | 192.06M | 175.88M | 87.17M |
| Other Current Assets | 51.12M | 51.12M | 47.30M | 46.70M | 43.23M | 27.08M |
| Total Current Assets | 2.12B | 2.12B | 2.20B | 2.28B | 2.28B | 2.29B |
| Property, Plant & Equipment | 349.37M | 349.37M | 440.00M | 449.64M | 504.82M | 370.59M |
| Long-Term Investments | 157.16M | 157.16M | 161.78M | 164.71M | 187.83M | 173.21M |
| Goodwill | 7.33B | 7.33B | 7.52B | 7.49B | 8.66B | 5.24B |
| Other Intangible Assets | 1.78B | 1.78B | 2.11B | 2.62B | 4.22B | 1.15B |
| Long-Term Accounts Receivable | 59.87M | 59.87M | 49.29M | 38.68M | 64.55M | 19.72M |
| Long-Term Deferred Tax Assets | 1.08B | 1.08B | 1.08B | 932.66M | 926.72M | 810.15M |
| Long-Term Deferred Charges | 105.80M | 105.80M | 84.72M | 64.91M | 57.52M | 55.48M |
| Other Long-Term Assets | 129.82M | 129.82M | 128.96M | 165.28M | 191.23M | 72.34M |
| Total Assets | 13.11B | 13.11B | 13.77B | 14.21B | 17.09B | 10.18B |
| Accounts Payable | 127.53M | 127.53M | 136.20M | 151.20M | 162.72M | 113.98M |
| Accrued Expenses | 567.52M | 567.52M | 552.12M | 586.85M | 631.08M | 326.33M |
| Current Portion of Long-Term Debt | 35.85M | 35.85M | 35.85M | 35.85M | 320.85M | 10.00M |
| Current Portion of Leases | 64.07M | 64.07M | 77.79M | 79.62M | 96.71M | 56.38M |
| Current Income Taxes Payable | 71.55M | 71.55M | 93.33M | 235.67M | 89.30M | 51.07M |
| Current Unearned Revenue | 1.48B | 1.48B | 1.52B | 1.52B | 1.72B | 902.20M |
| Other Current Liabilities | 273.57M | 273.57M | 336.39M | 189.90M | 197.18M | 8.30M |
| Total Current Liabilities | 2.62B | 2.62B | 2.75B | 2.80B | 3.22B | 1.47B |
| Long-Term Debt | 5.73B | 5.73B | 6.34B | 6.36B | 8.56B | 4.21B |
| Long-Term Leases | 138.43M | 138.43M | 190.41M | 220.50M | 277.08M | 198.69M |
| Long-Term Unearned Revenue | 159.91M | 159.91M | 168.76M | 162.40M | 217.77M | 91.14M |
| Pension & Post-Retirement Benefits | 100.47M | 100.47M | 132.22M | 127.25M | 126.31M | 60.95M |
| Long-Term Deferred Tax Liabilities | 139.61M | 139.61M | 141.51M | 148.63M | 423.95M | 65.89M |
| Other Long-Term Liabilities | 194.17M | 194.17M | 121.46M | 189.80M | 240.27M | 52.21M |
| Total Liabilities | 9.09B | 9.09B | 9.84B | 10.01B | 13.07B | 6.15B |
| Common Stock | 2.16B | 2.16B | 2.19B | 2.27B | 2.18B | 2.04B |
| Retained Earnings | 2.02B | 2.02B | 1.94B | 2.12B | 2.05B | 2.16B |
| Treasury Stock | -123.90M | -123.90M | -138.16M | -123.27M | -151.60M | -159.97M |
| Comprehensive Income & Other | -38.57M | -38.57M | -67.07M | -69.62M | -53.56M | -7.66M |
| Total Common Equity | 4.01B | 4.01B | 3.93B | 4.20B | 4.02B | 4.03B |
| Minority Interest | 1.96M | 1.96M | 1.72M | 1.52M | 1.33M | 1.14M |
| Shareholders' Equity | 4.02B | 4.02B | 3.93B | 4.20B | 4.02B | 4.03B |
| Total Liabilities & Equity | 13.11B | 13.11B | 13.77B | 14.21B | 17.09B | 10.18B |
| Total Debt | 5.97B | 5.97B | 6.65B | 6.69B | 9.26B | 4.47B |
| Net Cash (Debt) | -5.01B | -5.01B | -5.49B | -5.41B | -8.02B | -2.77B |
| Net Cash Per Share | -20.10 | -20.10 | -20.81 | -19.84 | -29.66 | -10.20 |
| Filing Date Shares Outstanding | 237.38M | 237.38M | 249.67M | 265.05M | 267.65M | 266.11M |
| Total Common Shares Outstanding | 237.38M | 237.38M | 250.14M | 264.66M | 267.37M | 265.82M |
| Working Capital | -505.45M | -505.45M | -545.60M | -523.17M | -944.38M | 817.11M |
| Book Value Per Share | 16.91 | 16.91 | 15.71 | 15.86 | 15.04 | 15.17 |
| Tangible Book Value | -5.10B | -5.10B | -5.70B | -5.91B | -8.86B | -2.36B |
| Tangible Book Value Per Share | -21.47 | -21.47 | -22.78 | -22.35 | -33.14 | -8.88 |
| Land | 74.94M | 74.94M | 60.61M | 59.47M | 62.04M | 49.01M |
| Machinery | 414.09M | 414.09M | 499.16M | 477.77M | 442.14M | 384.84M |
| Leasehold Improvements | 138.58M | 138.58M | 142.28M | 128.79M | 123.61M | 107.74M |
Cash flow statement
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 643.02M | 643.02M | 435.87M | 465.09M | 150.38M | 397.09M |
| Depreciation & Amortization | 432.54M | 432.54M | 452.46M | 564.00M | 434.17M | 305.35M |
| Other Amortization | 197.13M | 197.13M | 210.76M | 269.18M | 239.94M | 204.03M |
| Loss (Gain) From Sale of Assets | -69.59M | -69.59M | 7.35M | -425.39M | 2.33M | 294.00K |
| Asset Writedown & Restructuring Costs | 12.09M | 12.09M | 8.80M | 20.06M | 9.63M | 17.71M |
| Loss (Gain) on Equity Investments | 4.05M | 4.05M | -230.00K | 18.19M | 23.08M | -58.70M |
| Stock-Based Compensation | 80.64M | 80.64M | 104.84M | 140.08M | 130.30M | 69.56M |
| Other Operating Activities | -19.16M | -19.16M | -79.54M | -74.92M | -3.17M | -1.90M |
| Change in Accounts Receivable | -133.25M | -133.25M | -55.81M | 13.16M | 95.06M | 43.88M |
| Change in Accounts Payable | -39.70M | -39.70M | -23.01M | -65.89M | -127.09M | -24.18M |
| Change in Unearned Revenue | -7.86M | -7.86M | 3.56M | -42.97M | -128.40M | -5.24M |
| Change in Income Taxes | -39.43M | -39.43M | -246.68M | 112.10M | 14.95M | 34.59M |
| Change in Other Net Operating Assets | -53.66M | -53.66M | 12.24M | -24.99M | -61.97M | -661.00K |
| Operating Cash Flow | 1.01B | 1.01B | 830.62M | 967.69M | 779.21M | 981.81M |
| Capital Expenditures | -199.30M | -199.30M | -143.22M | -159.29M | -123.83M | -93.11M |
| Cash Acquisitions | -9.27M | -5.66B | -873.93M | |||
| Divestitures | 311.91M | 311.91M | 2.23B | |||
| Other Investing Activities | 4.56M | 4.56M | -10.29M | -5.30M | 130.38M | -3.92M |
| Investing Cash Flow | 117.18M | 117.18M | -153.51M | 2.06B | -5.65B | -970.96M |
| Long-Term Debt Issued | 4.93B | 1.50B | ||||
| Long-Term Debt Repaid | -648.85M | -648.85M | -35.85M | -2.57B | -202.93M | -860.00M |
| Net Debt Issued (Repaid) | -648.85M | -648.85M | -35.85M | -2.57B | 4.72B | 640.00M |
| Issuance of Common Stock | 56.42M | 56.42M | 35.37M | 66.91M | 39.33M | 67.22M |
| Repurchase of Common Stock | -469.31M | -469.31M | -543.90M | -203.10M | -21.92M | -288.58M |
| Common Dividends Paid | -268.36M | -268.36M | -271.52M | -267.36M | -259.55M | -237.66M |
| Other Financing Activities | 10.96M | 10.96M | -18.77M | 10.00M | -79.33M | -42.52M |
| Financing Cash Flow | -1.32B | -1.32B | -834.68M | -2.96B | 4.40B | 138.46M |
| Foreign Exchange Rate Adjustments | -5.71M | -5.71M | 32.88M | -12.26M | 7.20M | -63.20M |
| Net Cash Flow | -200.85M | -200.85M | -124.69M | 48.84M | -461.96M | 86.11M |
| Free Cash Flow | 807.52M | 807.52M | 687.40M | 808.40M | 655.37M | 888.70M |
| Free Cash Flow Margin | 15.39% | 15.39% | 13.30% | 14.01% | 14.61% | 25.44% |
| Free Cash Flow Per Share | 3.24 | 3.24 | 2.61 | 2.97 | 2.42 | 3.27 |
| Levered Free Cash Flow | 1.36B | 1.36B | 943.80M | 1.04B | 1.82B | 936.01M |
| Unlevered Free Cash Flow | 1.54B | 1.54B | 1.14B | 1.35B | 2.03B | 1.03B |
| Cash Interest Paid | 321.69M | 321.69M | 352.38M | 533.87M | 360.23M | 152.75M |
| Cash Income Tax Paid | 300.06M | 300.06M | 411.57M | 294.77M | 202.49M | 116.58M |
| Change in Working Capital | -273.89M | -273.89M | -309.70M | -8.60M | -207.44M | 48.39M |
Ratios
Fiscal year July - June; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.43B | 5.37B | 7.49B | 8.01B | 11.12B | 10.13B |
| Enterprise Value | 11.44B | 10.53B | 12.87B | 15.54B | 19.16B | 12.97B |
| Last Close Price | 26.59 | 21.90 | 27.77 | 27.55 | 37.07 | 32.79 |
| PE Ratio | 10.31 | 8.36 | 17.19 | 17.21 | 73.95 | 25.51 |
| Forward PE | 6.76 | 5.09 | 7.65 | 8.36 | 10.10 | 11.25 |
| PS Ratio | 1.23 | 1.02 | 1.45 | 1.39 | 2.48 | 2.90 |
| PB Ratio | 1.57 | 1.34 | 1.91 | 1.91 | 2.77 | 2.51 |
| P/FCF Ratio | 7.96 | 6.66 | 10.90 | 9.90 | 16.97 | 11.40 |
| P/OCF Ratio | 6.39 | 5.34 | 9.02 | 8.27 | 14.27 | 10.32 |
| PEG Ratio | 1.01 | 0.84 | 0.89 | 0.99 | 1.28 | |
| EV/Sales Ratio | 2.18 | 2.01 | 2.49 | 2.69 | 4.27 | 3.71 |
| EV/EBITDA Ratio | 7.00 | 6.45 | 8.72 | 9.88 | 17.23 | 13.06 |
| EV/EBIT Ratio | 9.53 | 8.77 | 12.57 | 15.40 | 28.26 | 18.85 |
| EV/FCF Ratio | 14.17 | 13.04 | 18.73 | 19.23 | 29.24 | 14.60 |
| Debt / Equity Ratio | 1.49 | 1.49 | 1.69 | 1.59 | 2.30 | 1.11 |
| Debt / EBITDA Ratio | 3.51 | 3.51 | 4.27 | 4.03 | 7.84 | 4.26 |
| Debt / FCF Ratio | 7.40 | 7.40 | 9.67 | 8.28 | 14.12 | 5.04 |
| Net Debt / Equity Ratio | 1.25 | 1.25 | 1.40 | 1.29 | 2.00 | 0.69 |
| Net Debt / EBITDA Ratio | 3.07 | 3.07 | 3.72 | 3.44 | 7.21 | 2.79 |
| Net Debt / FCF Ratio | 6.21 | 6.21 | 7.98 | 6.69 | 12.24 | 3.12 |
| Asset Turnover | 0.39 | 0.39 | 0.37 | 0.37 | 0.33 | 0.35 |
| Quick Ratio | 0.72 | 0.72 | 0.73 | 0.73 | 0.64 | 1.48 |
| Current Ratio | 0.81 | 0.81 | 0.80 | 0.81 | 0.71 | 1.56 |
| Return on Equity (ROE) | 16.19% | 16.19% | 10.73% | 11.32% | 3.74% | 9.77% |
| Return on Assets (ROA) | 5.58% | 5.58% | 4.58% | 4.03% | 3.11% | 4.35% |
| Return on Invested Capital (ROIC) | 9.91% | 9.75% | 9.74% | 5.95% | 4.89% | 8.05% |
| Return on Capital Employed (ROCE) | 11.50% | 11.50% | 9.30% | 8.90% | 4.90% | 7.90% |
| Earnings Yield | 9.70% | 11.96% | 5.82% | 5.81% | 1.35% | 3.92% |
| FCF Yield | 12.56% | 15.02% | 9.17% | 10.10% | 5.89% | 8.77% |
| Dividend Yield | 4.21% | 4.86% | 3.50% | 3.31% | 2.34% | 2.32% |
| Payout Ratio | 43.41% | 41.73% | 62.30% | 57.49% | 172.60% | 59.85% |
| Buyback Yield / Dilution | 5.42% | 5.42% | 3.28% | -0.79% | 0.54% | 0.57% |
| Total Shareholder Return | 9.63% | 10.27% | 6.78% | 2.52% | 2.87% | 2.89% |