What is Open Text's net debt?

Open Text (OTEX) reported net debt of $5.16B in Q1 2026.

How has Open Text's net debt changed year-over-year?

Open Text's net debt decreased by 4.0% year-over-year, from $5.38B to $5.16B.

What is the long-term trend for Open Text's net debt?

Over 4 years (2021 to 2025), Open Text's net debt has grown at a 24.8% compound annual growth rate (CAGR), from $2.26B to $5.49B.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Open Text OTEX Net debt

Discontinued — last reported Q3 '26

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Other financials

Income statement

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Revenue$1.3B+2.2%

Gross profit$937.3M+4.3%

Operating income$201.2M-3.8%

Net income$172.7M+86.0%

EPS (diluted)$0.70+100%

Balance sheet

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Cash & equivalents$1.3B-1.9%

Total debt$6.4B-3.6%

Total equity$4.0B-4.0%

Total assets$13.3B-3.1%

Cash flow

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Operating cash flow$354.6M-11.8%

CapEx$49.7M+75.0%

Free cash flow$304.9M-18.4%

Valuation

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Market cap$5.02B-16.4%

Profitability

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Gross margin73.1%+0.8pp

Operating margin18.1%+0.8pp

Net margin9.9%-2.6pp

FCF margin15.5%+2.0pp

Returns & leverage

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Return on equity12.8%-3.1pp

Debt / equity1.6×0.0×

Current ratio0.9×+0.1×

Where this comes from

Calculated from Open Text’s reported figures.

$6.4Btotal debt−$1.3Bcash and equivalents=$5.16B

The official record: Open Text’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Open Text's net debt?: Open Text (OTEX) reported net debt of $5.16B in Q1 2026.
How has Open Text's net debt changed year-over-year?: Open Text's net debt decreased by 4.0% year-over-year, from $5.38B to $5.16B.
What is the long-term trend for Open Text's net debt?: Over 4 years (2021 to 2025), Open Text's net debt has grown at a 24.8% compound annual growth rate (CAGR), from $2.26B to $5.49B.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.