Top Page
Open Text
(TSX:OTEX)
Open Text (OTEX) vs. iShares MSCI Canada ETF (EWC)
Open Text Business Overview & Revenue Model
Open Text Earnings Call Summary
Open Text Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.17B | 5.17B | 5.77B | 4.48B | 3.49B | 3.39B |
| Gross Profit | 3.73B | 3.73B | 4.19B | 3.17B | 2.43B | 2.35B |
| EBITDA | 1.50B | 1.50B | 2.10B | 1.27B | 1.17B | 1.35B |
| Net Income | 435.87M | 435.87M | 465.09M | 150.38M | 397.09M | 310.67M |
Balance Sheet | ||||||
| Total Assets | 13.77B | 13.77B | 14.21B | 17.09B | 10.18B | 9.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.16B | 1.16B | 1.28B | 1.23B | 1.69B | 1.61B |
| Total Debt | 6.64B | 6.64B | 6.69B | 9.25B | 4.47B | 3.87B |
| Total Liabilities | 9.84B | 9.84B | 10.01B | 13.07B | 6.15B | 5.51B |
| Stockholders Equity | 3.93B | 3.93B | 4.20B | 4.02B | 4.03B | 4.10B |
Cash Flow | ||||||
| Free Cash Flow | 687.40M | 687.40M | 808.40M | 655.37M | 888.70M | 812.45M |
| Operating Cash Flow | 830.62M | 830.62M | 967.69M | 779.21M | 981.81M | 876.12M |
| Investing Cash Flow | -153.51M | -153.51M | 2.06B | -5.65B | -970.96M | -68.77M |
| Financing Cash Flow | -834.68M | -834.68M | -2.96B | 4.40B | 138.46M | -924.55M |
Open Text Technical Analysis
Open Text Risk Analysis
Open Text Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$4.72B | 136.84 | 8.24% | ― | 15.11% | 75.40% | |
71 Outperform | $1.10B | 14.80 | 12.56% | 6.25% | 0.03% | -10.21% | |
68 Neutral | C$9.87B | 48.60 | 10.54% | ― | 15.63% | 18.47% | |
67 Neutral | $11.75B | 17.48 | 12.32% | 2.76% | -5.01% | 13.21% | |
64 Neutral | $855.15M | 28.13 | 49.99% | ― | 16.25% | 31.71% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
53 Neutral | C$2.15B | -2.48 | -37.01% | ― | 17.23% | -435.45% |
Open Text Corporate Events
OpenText Corporation announced its financial results for the first quarter of fiscal year 2026, ending September 30, 2025. The company reported total revenues of $1.29 billion, marking a 1.5% year-over-year increase, with cloud revenues growing by 6.0%. OpenText achieved a net income margin of 11% and an adjusted EBITDA margin of 36.3%. The company is executing a Business Optimization Plan to drive operational efficiencies and has initiated portfolio-shaping activities by divesting non-core assets. OpenText also declared a dividend of $0.2750 per Common Share, payable on December 19, 2025, as part of its commitment to returning value to shareholders.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$38.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
On October 6, 2025, OpenText announced the appointment of George Schindler to its board of directors. Schindler, who previously served as President and CEO of CGI Inc., brings a wealth of experience in driving growth and creating shareholder value. His appointment is expected to enhance OpenText’s focus on its core Information Management for AI business, potentially strengthening its market position and offering valuable perspectives to the board.
The most recent analyst rating on (TSE:OTEX) stock is a Buy with a C$50.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
On October 2, 2025, Open Text Corporation announced a definitive agreement to divest its eDOCS on-premise solution, part of its Analytics portfolio, to NetDocuments for $163 million in cash. This strategic move aligns with OpenText’s focus on its core business of secure information management for AI, aiming to enhance shareholder value and reduce outstanding debt. The transaction, expected to close by early 2026, will integrate the software, customer contracts, associated services, and employees into NetDocuments, supporting OpenText’s capital allocation framework and future revenue growth.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$40.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
On October 1, 2025, OpenText announced the appointment of Steve Rai as Executive Vice President and Chief Financial Officer, effective October 6, 2025. Rai, who has over 30 years of experience in global finance and a strong background in the technology industry, previously served as CFO of BlackBerry Limited. His appointment is expected to drive OpenText’s next phase of growth and strategic vision, especially in the age of AI. Interim CEO James McGourley expressed confidence in Rai’s leadership and expertise, while also thanking Cosmin Balota for his interim role as CFO.
The most recent analyst rating on (TSE:OTEX) stock is a Buy with a C$50.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
OpenText Corporation’s recent earnings call painted a balanced picture of the company’s current standing and future prospects. While the call highlighted strong growth in cloud services and a promising outlook for fiscal 2026, it also acknowledged challenges such as revenue declines in fiscal year 2025, cybersecurity issues, and broader economic headwinds. This duality in sentiment reflects both optimism and caution as the company navigates its path forward.
On August 11, 2025, Open Text Corporation announced a significant leadership transition with the appointment of James McGourlay as Interim CEO, following the departure of Mark J. Barrenechea. The company has also established an Executive Committee to support the transition and is actively searching for a new CEO. OpenText plans to continue exploring portfolio-shaping opportunities to enhance its core Information Management for AI business, aiming to drive long-term shareholder returns.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.
Open Text Corporation, a leader in Information Management software and services, has released its financial results for the fourth quarter and fiscal year 2025, highlighting a focus on cloud services, AI-driven platforms, and strategic capital allocation. The company reported $1.86 billion in cloud revenues, marking a 2.0% year-over-year growth, alongside a 5% increase in dividends and a new $300 million share repurchase program. Despite a 10.4% decline in total revenues to $5.168 billion, OpenText achieved a 32% surge in cloud bookings, driven by its AI-driven Titanium X platform, and returned a record $683 million to shareholders. The company also reported adjusted EBITDA of $1.784 billion, maintaining a margin of 34.5%, while investing in cloud, security, and AI sectors. Looking ahead, OpenText’s management is optimistic about growth opportunities in AI, cloud, and security, projecting a 3% to 4% increase in cloud revenue and a 1% to 2% rise in total revenue for fiscal 2026.
OpenText Corporation announced its financial results for the fiscal year ending June 30, 2025, reporting total revenues of $5.168 billion, a 10.4% decrease year-over-year. Despite the decline in total revenues, the company achieved a 2.0% growth in cloud revenues and a 5% increase in dividend per share for fiscal 2026. OpenText also introduced a $300 million share repurchase program and highlighted its strategic focus on AI, cloud, and security for future growth. The company returned a record $683 million to shareholders through dividends and share repurchases, demonstrating its commitment to shareholder value.
The most recent analyst rating on (TSE:OTEX) stock is a Hold with a C$31.00 price target. To see the full list of analyst forecasts on Open Text stock, see the TSE:OTEX Stock Forecast page.