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Other financials

Income statement

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Revenue$1.3B+2.9%
Gross profit$1.0B+6.7%
Operating income$319.7M+76.1%
Net income$155.7M+440%
EPS (diluted)$0.64+433%

Balance sheet

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Cash & equivalents$956.0M-17.4%
Total debt$6.0B-10.1%
Total equity$4.0B+2.2%
Total assets$13.1B-4.8%

Cash flow

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Operating cash flow$185.8M+17.5%
CapEx$63.8M+86.5%
Free cash flow$122.0M-1.6%

Valuation

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Market cap$6.21B-17.2%
Enterprise value$11.23B-13.6%
P/E9.7×-7.5×
P/S1.2×-0.3×

Profitability

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Gross margin73.7%+1.5pp
Operating margin20.6%+3.4pp
Net margin12.3%+3.8pp
FCF margin15.4%+2.1pp

Returns & leverage

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Return on equity16.2%+5.5pp
Debt / equity1.5×-0.2×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Open Text in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpenseExcludingAcquiredInProcessCost.

The source filing: Open Text’s 10-K, filed August 6, 2026.

Filed
Aug 6, 2026, 7:08 AM EDT
Fiscal year
FY2026
Accession
0001002638-26-000068
Line itemYear Ended June 30, 2026Year Ended June 30, 2025Year Ended June 30, 2024
Total cost of revenues1,377,9401,434,1181,578,549
Gross profit3,868,4613,734,2874,191,028
Operating expenses:
Research and development647,707755,936864,463
Sales and marketing1,136,0301,059,4971,163,134
General and administrative436,566427,811577,038
Depreciation143,938130,573131,599
Amortization of acquired customer-based intangible assets (Note 8)288,603321,891432,404

Item 15. Exhibits and Financial Statement Schedules

FAQ

What is Open Text's R&D?
Open Text (OTEX) reported R&D of $149.1M in Q2 2026.
How has Open Text's R&D changed year-over-year?
Open Text's R&D decreased by 20.3% year-over-year, from $187.18M to $149.1M.
What is the long-term trend for Open Text's R&D?
Over 4 years (2022 to 2026), Open Text's R&D has grown at a 10.1% compound annual growth rate (CAGR), from $440.45M to $647.71M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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