OTEX on Nasdaq

Open Text Corporation

Logo: ™/®OpenText Corporation, Public domain, via Wikimedia Commons4

Canadian software company

Open Text Corporation (styled as opentext) is a global software company that develops and sells information management software. OpenText, headquartered in Waterloo, Ontario, Canada, is Canada's fourth-largest software company as of 2022.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$5.2BRevenue, fiscal 20265
$643.0MNet income, fiscal 20265
1991Founded1

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  • TickerOTEX on Nasdaq1
  • Industrysoftware industry1
  • HeadquartersWaterloo1
  • Websitewww.opentext.com
  • Legal formbusiness corporation1
  • Listed onNasdaq (OTEX), Toronto Stock Exchange (OTEX)1
  • Incorporated inOntario, Canada6
  • Business address275 Frank Tompa Drive, Waterloo, Ontario Canada, A6 N2L 0A16
  • Filer categoryLarge accelerated filer6
Open Text Corp. head quarters
Photo: Scooter de, CC BY-SA 4.0, via Wikimedia Commons8

Open Text Corporation (styled as opentext) is a global software company that develops and sells information management software.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

73.7%Gross margin5
20.6%Operating margin5
12.3%Net margin5
1.5%Revenue growth, 20265
16.0%Return on equity5
1.43×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

License brought in 13% of the revenue Open Text Corporation broke down this way in fiscal 2026.

  1. License$678.5M513%up 8% from 2025
  2. Business Network - Product$644.2M512%up 2% from 2025
  3. Business Network - Cloud Services And Subscriptions$611.6M512%up 3% from 2025
  4. Content - Cloud Services And Subscriptions$578.2M511%up 20% from 2025
  5. Cybersecurity (SMB & Consumer) - Product$516.6M510%down 5% from 2025
  6. Application Delivery Management - Product$502.1M510%up 6% from 2025
  7. Cybersecurity (SMB & Consumer) - Cloud Services And Subscriptions$467.8M59%down 5% from 2025
  8. IT Operations Management - Product$454.4M59%up 0% from 2025
  9. Professional Service And Other$321.9M56%down 9% from 2025
  10. Analytics - Product$199.2M54%down 15% from 2025
  11. Application Delivery Management - Cloud Services And Subscriptions$118.5M52%up 12% from 2025
  12. Cybersecurity (Enterprise) - Cloud Services And Subscriptions$75.5M51%down 10% from 2025
Products and services by year
Products and services202420252026
License$834.2M$625.6M$678.5M
Business Network - Product$642.3M$632.9M$644.2M
Business Network - Cloud Services And Subscriptions$601.4M$595.0M$611.6M
Content - Cloud Services And Subscriptions$412.4M$481.4M$578.2M
Cybersecurity (SMB & Consumer) - Product$624.4M$543.4M$516.6M
Application Delivery Management - Product$932.0M$475.9M$502.1M
Cybersecurity (SMB & Consumer) - Cloud Services And Subscriptions$514.4M$494.3M$467.8M
IT Operations Management - Product$522.7M$452.7M$454.4M
Professional Service And Other$401.6M$352.3M$321.9M
Analytics - Product$261.9M$235.3M$199.2M
Application Delivery Management - Cloud Services And Subscriptions$95.3M$106.0M$118.5M
Cybersecurity (Enterprise) - Cloud Services And Subscriptions$86.6M$83.8M$75.5M

Regions

United States brought in 37% of the revenue Open Text Corporation broke down this way in fiscal 2026.

  1. United States$2.6B537%down 1% from 2025
  2. EMEA$1.9B526%up 7% from 2025
  3. Rest of EMEA$1.9B526%up 7% from 2025
  4. Asia Pacific$469.2M57%down 2% from 2025
  5. CA [member]$207.3M53%down 6% from 2025
  6. All Other Countries$71.4M51%up 2% from 2025
Regions by year
Regions202420252026
United States$3.0B$2.6B$2.6B
EMEA$1.9B$1.8B$1.9B
Rest of EMEA$1.9B$1.8B$1.9B
Asia Pacific$549.2M$478.2M$469.2M
CA [member]$238.7M$221.6M$207.3M
All Other Countries$72.7M$70.3M$71.4M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue26¢$1.4B
  • Other costs57¢$3.0B
  • Income tax4¢$215.6M
  • Profit12¢$643.0M

Out of $5.2B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Dividends paid27¢$268.4M
  • Share buybacks41¢$416.4M
  • Kept or used elsewhere32¢$322.0M

Out of $1.0B of cash from operations.5

Financial statements

Revenue9101112135$5.2B in 2026+83% since 2019
0$2.0B$4.0B$6.0B2019: $2.9B$2.9B20192020: $3.1B$3.1B2020+8%2021: $3.4B$3.4B2021+9%2022: $3.5B$3.5B2022+3%2023: $4.5B$4.5B2023+28%2024: $5.8B$5.8B2024+29%2025: $5.2B$5.2B2025−10%2026: $5.2B$5.2B2026+2%
Gross profit9101112135$3.9B in 2026+100% since 2019
0$2.0B$4.0B$6.0B2019: $1.9B$1.9B20192020: $2.1B$2.1B2020+9%2021: $2.4B$2.4B2021+12%2022: $2.4B$2.4B2022+3%2023: $3.2B$3.2B2023+30%2024: $4.2B$4.2B2024+32%2025: $3.7B$3.7B2025−11%2026: $3.9B$3.9B2026+4%
Operating income9101112135$1.1B in 2026+91% since 2019
0$500.0M$1.0B$1.5B2019: $567.0M$567.0M20192020: $503.5M$503.5M2020−11%2021: $740.9M$740.9M2021+47%2022: $644.8M$644.8M2022−13%2023: $516.3M$516.3M2023−20%2024: $887.1M$887.1M2024+72%2025: $892.7M$892.7M2025+1%2026: $1.1B$1.1B2026+21%
Net income9101112135$643.0M in 2026+125% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $285.5M$285.5M20192020: $234.2M$234.2M2020−18%2021: $310.7M$310.7M2021+33%2022: $397.1M$397.1M2022+28%2023: $150.4M$150.4M2023−62%2024: $465.1M$465.1M2024+209%2025: $435.9M$435.9M2025−6%2026: $643.0M$643.0M2026+48%

Every line of the income statement in the latest annual report, as filed.5

Period ending2026-06-302025-06-302024-06-30
Total revenues$5.2B$5.2B$5.8B
Amortization of acquired technology-based intangible assets (Note 8)$174.6M$188.8M$243.9M
Total cost of revenues$1.4B$1.4B$1.6B
Gross profit$3.9B$3.7B$4.2B
Research and development$647.7M$755.9M$864.5M
Sales and marketing$1.1B$1.1B$1.2B
General and administrative$436.6M$427.8M$577.0M
Depreciation$143.9M$130.6M$131.6M
Amortization of acquired customer-based intangible assets$288.6M$321.9M$432.4M
Special charges (recoveries)$133.0M$145.9M$135.3M
Total operating expenses$2.8B$2.8B$3.3B
Income from operations$1.1B$892.7M$887.1M
Other income (expense), net (Note 23)$85.9M-$82.8M$358.4M
Interest and other related expense, net-$309.6M-$327.8M-$516.2M
Income before income taxes$858.9M$482.1M$729.3M
Provision for income taxes (Note 15)$215.6M$46.0M$264.0M
Net income$643.3M$436.1M$465.3M
Net (income) attributable to non-controlling interests-$241.0K-$198.0K-$194.0K
Net income attributable to OpenText$643.0M$435.9M$465.1M
Earnings per sharebasic attributable to OpenText (in dollars per share)$2.58$1.66$1.71
Earnings per sharediluted attributable to OpenText (in dollars per share)$2.58$1.65$1.71
Weighted average number of Common Shares outstandingbasic (in shares)249.0M shares263.3M shares271.5M shares
Weighted average number of Common Shares outstandingdiluted (in shares)249.4M shares263.6M shares272.6M shares

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The story

Founded by Gaston Gonnet and Tim Bray in 1991.1

Anouar Namouh, with the University of Waterloo professors Frank Tompa and Gaston Gonnet, founded OpenText Corporation in 1991. It grew out of OpenText Systems Inc., founded in 1989. The founders spun the company off from a University of Waterloo project that developed technology to index the Oxford English Dictionary.

Key people involved later include Tom Jenkins, who joined the company as COO in 1994, and later became president and chief executive officer. John Shackleton served as president from 1998 to 2011 and as CEO from 2005 to 2011. Mark J. Barrenechea became the president and CEO of OpenText in 2012. Barrenechea was named Canadian Business CEO of the Year in 2015. In January 2016, Barrenechea became Chief Technology Officer. From January 2016, Steve Murphy served as the President; however, the company eliminated the position in Q1 2017.

In October 2012, it was announced that OpenText would support the University of Waterloo Stratford Campus, by contributing both funds and in-kind services to the school.

In July 2020, OpenText partnered with cybersecurity company NINJIO. The collaboration strengthens security awareness with videos showcasing detection of phishing emails and inappropriate URLs.

In February 2024, OpenText joined the Joint Cyber Defense Collaborative (JCDC), a United States Government cybersecurity initiative. The JCDC aims to improve cybersecurity readiness for the U.S. and its international partners. OpenText announced it would be providing a range of services and insights into safeguarding sensitive information.

In January 2025, it was announced that OpenText was chosen as one of Canada's Top Employers for Young People for 2025, as well as one of Canada's Most Responsible Companies of 2025.

OpenText suspended its business in Russia in 2022 after having made donations to support humanitarian efforts in Ukraine. The company stated it would only resume business when "the war ends and sanctions are lifted." In 2025, OpenText was declared an undesirable organization in Russia.

In August 2025, James McGourlay was appointed as the interim CEO of OpenText, replacing Mark Barrenechea.

Read the full text

In April 2026, Ayman Antoun was appointed CEO of OpenText.

From Wikipedia’s article on OpenText, shared under CC BY-SA 4.0.7

Leadership

Who has led Open Text Corporation, and when. Pick a name to see everywhere that person has worked.

Chief financial officer

  1. Madhu Ranganathan2018–now
1995200020052010201520202025

Products and brands

  • enterprise content management

Listed on Wikidata.1

OpenText's products include enterprise content management (OpenText Content Suite, OpenText Extended ECM, OpenText Documentum Content Management), Business Network, customer experience management (OpenText Customer Experience Platform), digital process automation (OpenText Process Automation), discovery (OpenText eDiscovery and Investigations), security (OpenText Forensic (EnCase), OpenText Carbonite and Webroot solutions, OpenText NetIQ, OpenText ArcSight, OpenText Voltage, OpenText Fortify), and AI and analytics (OpenText Magellan Product Suite).

OpenText announced cloud-native containerized versions of many of the company's software applications in April 2020.

Documentum

OpenText Documentum is a secure information management platform, named after the company Documentum that originally developed the software suite. In 2003, EMC acquired Documentum for $1.7 billion. In 2016, EMC was acquired by Dell, becoming Dell EMC. Subsequently, all of the Documentum intellectual property was sold to OpenText Corporation.

Content Suite Platform

In 1996, the product originally called "Livelink" became OpenText's. Between 2003 and 2005, "Livelink" evolved from being the name of a single product to being a brand applied to the names of several OpenText software products. As a result of this change, "Livelink Server" became known as "Livelink Enterprise Server" (LES) and later "Livelink ECM. In 2012, OpenText introduced the OpenText Content Suite. Then the technology component formerly known as Livelink ECM – Enterprise Server became known as OpenText Content Server, which is now a key component of OpenText Content Suite Platform.

Read the full text

Magellan

In July 2017, OpenText launched its artificial intelligence (AI) and analytics platform, OpenText Magellan, at the company's Enterprise World conference. The platform enabled consumers to use open-source software and algorithms, and for companies to build their own models.

RightFax

OpenText RightFax provides network-based fax functionality to enterprise organizations and has evolved through many versions since it was first released in 1992.

OpenText Intelligent Capture (formerly Captiva)

Captiva Software became a subsidiary of OpenText in 2017. It makes software for document information processing and data capture from paper and electronic documents and provides related services. Information in the form of extracted content and files is acquired in the Captiva Solution and then delivered for storage or workflow into document management systems such as those from Documentum, OpenText, Microsoft, or IBM. In 2019, Captiva was rebranded as OpenText Intelligent Capture.

OpenText AppEnhancer (formerly ApplicationXtender)

OpenText AppEnhancer is a content management system that manages, organizes, and stores information from an application or as an extension to an existing application. The product was acquired during OpenText's purchase of Dell EMC's ECD (Enterprise Content Division) in 2017.

OpenText Aviator

OpenText Aviator is a generative-AI solution. The product uses large language models (LLMs) and private data sets to solve industry-specific issues such as cybersecurity or DevOps through private business data management. OpenText Aviator includes business functions that provide a virtual agent for OpenText Service Management Automation X, software delivery optimization, and information retrieval in the workplace. The product also brings GenAI to Customer Communications Management and the company's supply chain platform.

Cloud Editions

Cloud Editions (CE) represents OpenText's flagship SaaS suite of solutions for enterprise information management, integrating content management, B2B network, cybersecurity, DevOps, and analytics in a cloud-native model. In November 2024, update 24.4 introduced new AI capabilities with the addition of over 100 AI agents to the platform. To demonstrate the value of the platform, the company released a program, "Earn Your Wings," that allowed organizations to test OpenText Aviator before completing a full deployment.

In April 2025, OpenText launched Titanium X, its strategic roadmap, through CE 25.2 to bring AI support to IT operations, cybersecurity, content services, application development, and customer communications.

From Wikipedia’s article on OpenText, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries

Also owns

From Wikidata.1

Acquisitions

  1. Jan 31, 2023Acquired Micro Focus International1
  2. Dec 2019MailStore became a subsidiary1

OpenText has acquired several businesses over the past two decades, beginning with IXOS Software AG in 2003, followed by Artesia in 2004. Other notable acquisitions include Hummingbird Ltd. in 2006 for $489 million, Captaris Inc. in 2008 for $131 million, and Vignette Corporation in 2009 for $321 million in cash and stock.

In the early 2010s, it acquired StreamServe Inc. for $71 million, EasyLink (2012) for $232 million, and GXS Inc., which had previously acquired Inovis, integrating the latter into the OpenText Business Network, which later acquired Inovis. In 2014, OpenText purchased Cordys for $33 million, and Actuate of San Mateo, California. The following year, it acquired Daegis for $13.5 million.

After Hewlett-Packard split into two companies, HP Enterprise and HP Inc., OpenText acquired HP customer experience content management from HP Inc. for approximately $170 million in April 2016. On September 12, 2016, OpenText further expanded its share of the enterprise content management software market by buying that division of Dell EMC, which included Documentum, for US$1.6 billion. OpenText had originally had Documentum and Hummingbird, Ltd., as its chief competitors in this space, but this acquisition brought the long-time third competitor in Documentum under one corporate roof. Also in 2016, OpenText acquired Recommind after previously engaging with the company as a strategic partner.

In 2017, OpenText acquired both Guidance Software for US$240 million, and Covisint for US$103 million, which they integrated into their OpenText Business Network. In 2018, OpenText acquired Liaison Technologies for US$310 million and integrated Liaison into their OpenText ALLOY Platform.

Read the full text

By early February 2019, OpenText acquired Catalyst Repository Systems. That same year, OpenText also acquired Carbonite Inc. (including Webroot and Mozy, which Carbonite Inc. had earlier acquired) for approximately US$1.45 billion. The following year, OpenText acquired Xmedius for US$75 million.

OpenText announced the planned acquisition of Zix Corp for US$860 million, and in November 2021, OpenText completed the acquisition of Bricata enabling next-generation Network Detection & Response (NDR) technology to the OpenText Security and Protection Cloud.

In 2022, OpenText announced it would acquire British software firm Micro Focus in a deal valued at US$6 billion, which finalized in January 2023. With the acquisition, OpenText also acquired a number of companies under Micro Focus, including Borland, HPE Software, and Interset.

In May 2024, OpenText divested its Application Modernization and Connectivity (AMC) business (former Micro Focus unit) to Rocket Software for US$2.28 billion.

In October 2025, OpenText announced the sale of its eDOCS business unit to NetDocuments for $163 million in cash.

From Wikipedia’s article on OpenText, shared under CC BY-SA 4.0.7

Timeline

  1. 1991Founded Founded1

Recent filings

  1. Oct 1, 20268-K
  2. Oct 1, 20268-K
  3. Sep 25, 20268-K
  4. Sep 23, 20268-K
  5. Sep 23, 20268-K
  6. Sep 22, 20268-K
  7. Sep 14, 2026144
  8. Sep 8, 2026SCHEDULE 13G/A
  9. Aug 21, 2026144
  10. Aug 6, 20268-K
  11. Aug 6, 202610-K
  12. Aug 6, 2026SCHEDULE 13G/A
  13. Jul 17, 20268-K
  14. Jun 3, 2026144
  15. May 26, 2026144

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2