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Open Text OTEX Customer support — Remaining performance obligation

Other product segments

Cloud services and subscriptions
$2.6B+13.0%

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$1.17B+23.0%

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%
Enterprise value$10.18B-10.9%
P/E9.7×+0.6×
P/S1×-0.2×

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

Reported directly by Open Text in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

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 customer support — remaining performance obligation?
Open Text (OTEX) reported customer support — remaining performance obligation of $1.9B in Q1 2026.
How has Open Text's customer support — remaining performance obligation changed year-over-year?
Open Text's customer support — remaining performance obligation increased by 5.6% year-over-year, from $1.8B to $1.9B.
What does customer support — remaining performance obligation mean?
This metric represents the total transaction price allocated to performance obligations that are unsatisfied or partially unsatisfied as of the reporting date. It serves as a backlog of contracted revenue that the company expects to recognize in future periods from support and maintenance agreements. This provides visibility into the long-term stability of the service revenue stream and future cash flow predictability.