OpenText Corporation is a Canadian technology firm founded in 1991, specializing in enterprise information management solutions such as OpenText Content Suite and Business Network. The company operates on a recurring revenue model based on subscriptions, licensing, and professional services, targeting a global enterprise customer base. Under the leadership of CEO Mark J. Barrenechea, OpenText has established significant market share by continuously innovating through cloud-based and AI-enhanced offerings. Its strategic focus on digital transformation and targeted acquisitions positions it well for future growth.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
5,168,410
5,769,580
4,484,980
3,493,840
Cost of Sales
1,434,120
1,578,550
1,316,590
1,062,200
Gross Profit
3,734,290
4,191,030
3,168,390
2,431,640
Selling, General & Administrative Expenses
1,487,310
1,740,170
1,389,560
994,203
Depreciation & Amortization Expenses
452,464
564,003
434,167
305,346
Research & Development Expenses
755,936
864,463
659,214
440,448
Other Operating Expenses
145,890
135,305
169,159
46,873
Operating Profit
892,689
887,085
516,292
644,773
Interest Expense
(327,831)
(516,180)
(329,428)
(157,880)
Non-Operating Income
(82,787)
358,391
34,469
29,118
Total Non-Operating Income
(410,618)
(157,789)
(294,959)
(128,762)
Income Before Provision for Income Taxes
482,071
729,296
221,333
516,011
Provision for Income Taxes
46,005
264,012
70,767
118,752
Consolidated Net Income
436,066
465,284
150,566
397,259
Net Income Attributable to Minority Interests and Other
198
194
187
169
Net Income Attributable to Common Shareholders
435,868
465,090
150,379
397,090
Basic EPS
1.66
1.71
0.56
1.46
Diluted EPS
1.65
1.71
0.56
1.46
Basic Weighted Average Shares Outstanding
263
272
270
271,271
Diluted Weighted Average Shares Outstanding
264
273
270
271,909
Shares Outstanding
254,784
267,801
270,903
269,523
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
1,156,500
1,280,660
1,231,630
1,693,740
Total Cash and Cash Equivalents
1,156,500
1,280,660
1,231,630
1,693,740
Accounts Receivable
659,675
626,189
682,517
426,652
Total Trade Receivables
659,675
626,189
682,517
426,652
Other Current Assets
385,287
370,474
361,089
164,974
Total Current Assets
2,201,460
2,277,330
2,275,230
2,285,370
Net Property, Plant & Equipment
573,229
587,514
642,627
442,841
Net Intangible Assets
1,976,590
2,486,260
4,080,880
1,075,210
Goodwill
7,517,460
7,488,370
8,662,600
5,244,650
Other Long-Term Assets
1,505,320
1,366,240
1,427,860
1,130,900
Total Assets
13,774,100
14,205,700
17,089,200
10,179,000
Accounts Payable
1,026,580
931,116
996,261
448,607
Current Portion of Long-Term Debt
35,850
35,850
320,850
10,000
Current Portion of Leases
75,914
76,446
91,425
56,380
Unearned Revenue
1,515,380
1,521,420
1,721,780
902,202
Other Current Liabilities
93,325
235,666
89,297
51,069
Total Current Liabilities
2,747,050
2,800,490
3,219,610
1,468,260
Long-Term Debt
6,342,070
6,356,940
8,562,100
4,209,570
Leases
189,949
218,174
271,579
198,695
Other Long-Term Liabilities
564,402
630,415
1,013,810
270,193
Total Long-Term Liabilities
7,096,420
7,205,530
9,847,480
4,678,460
Total Liabilities
9,843,480
10,006,000
13,067,100
6,146,710
Treasury Stock
(138,164)
(123,268)
(151,597)
(159,966)
Additional Paid-in Capital
2,193,990
2,271,890
2,176,950
2,038,670
Accumulated Other Comprehensive Income
(67,067)
(69,619)
(53,559)
(7,659)
Retained Earnings
1,940,110
2,119,160
2,048,980
2,160,070
Total Common Shareholders' Equity
3,928,870
4,198,160
4,020,780
4,031,120
Minority Interests and Other
1,721
1,523
1,329
1,142
Total Shareholders' Equity
3,930,590
4,199,680
4,022,100
4,032,260
Total Liabilities and Shareholders' Equity
13,774,100
14,205,700
17,089,200
10,179,000
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
436,066
465,284
150,566
397,259
Depreciation & Amortization
663,221
833,182
674,104
509,375
Share-Based Compensation Expense
104,840
140,079
130,302
69,556
Other Adjustments
(63,809)
(462,255)
31,674
(42,770)
Changes in Trade Receivables
80,097
108,562
168,604
81,841
Changes in Accounts Payable
(23,012)
(65,887)
(127,092)
(24,177)
Changes in Income Taxes Payable
(246,681)
112,097
14,948
34,589
Changes in Unearned Revenue
3,565
(42,974)
(128,395)
(5,236)
Changes in Other Operating Activities
(123,669)
(120,397)
(135,506)
(38,627)
Cash from Operating Activities
830,618
967,691
779,205
981,810
Capital Expenditure
(143,222)
(159,295)
(123,832)
(93,109)
Payments for Business Acquisitions
—
(9,272)
(5,657,960)
(873,928)
Proceeds from Business Divestments
(11,686)
2,229,190
—
—
Other Investing Activities
1,400
(5,303)
130,375
(3,922)
Cash from Investing Activities
(153,508)
2,055,320
(5,651,420)
(970,959)
Issuance of Long-Term Debt
—
—
4,927,450
1,500,000
Repayments of Long-Term Debt
(35,851)
(2,568,350)
(202,926)
(860,000)
Net Issuance / (Repayments) of Long-Term Debt
(35,851)
(2,568,350)
4,724,520
640,000
Issuance of Common Shares
35,372
66,914
39,331
67,215
Repurchases of Common Shares
(543,905)
(203,102)
(21,919)
(288,580)
Net Issuance / (Repurchases) of Common Shares
(508,533)
(136,188)
17,412
(221,365)
Common Share Dividends Paid
(271,523)
(267,362)
(259,549)
(237,655)
Other Financing Activities
(18,772)
9,998
(79,334)
(42,524)
Cash from Financing Activities
(834,679)
(2,961,900)
4,403,050
138,456
Effect of Exchange Rate Changes on Cash and Cash Equivalents
32,882
(12,263)
7,203
(63,196)
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash