OPEN TEXT CORP

Listed Company

OTEXCIK 0001002638NasdaqLarge AcceleratedServices-Computer Integrated Systems DesignA6CAFY ends Jun 30

Period

FY 2025

Revenue

$5.17B

Net Income

$435.87M

Total Assets

$13.77B

Equity

$3.93B

Shares Out

250.60M

Op. Cash Flow

$830.62M

Business

OPEN TEXT CORP provides information management software and services that enable organizations to manage, secure, analyze and govern structured and unstructured data to support digital business processes. It offers content management, cybersecurity, business network, observability and service management, analytics, DevOps, AI capabilities, APIs, cloud services, licensing, professional services and managed services. Its operations are organized into six business clouds—Content, Cybersecurity, Business Network, Observability and Service Management, DevOps and Analytics—that deliver integrated platform solutions. OpenText sells worldwide through direct sales, partners, MSPs, system integrators and major public cloud providers.

Summary from filing dated 2025-08-07

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Total revenues	5,168	5,770	4,485	3,494	3,386
Amortization of acquired technology-based intangible assets (Note 8)	189	244	223	199	219
Total cost of revenues	1,434	1,579	1,317	1,062	1,034
Gross profit	3,734	4,191	3,168	2,432	2,352
Research and development	756	864	659	440	421
Sales and marketing	1,059	1,163	970	677	622
General and administrative	428	577	420	317	264
Depreciation	131	132	108	88	85
Amortization of acquired customer-based intangible assets	322	432	326	217	217
Special charges (recoveries)	146	135	169	47	2
Total operating expenses	2,842	3,304	2,652	1,787	1,611
Income from operations	893	887	516	645	741
Other income (expense), net (Note 23)	−83	358	34	29	61
Interest and other related expense, net	−328	−516	−329	−158	—
Income before income taxes	482	729	221	516	651
Provision for income taxes (Note 15)	46	264	71	119	340
Net income	436	465	151	397	311
Net (income) attributable to non-controlling interests	−198,000	−194,000	−187,000	−169,000	−192,000
Net income attributable to OpenText	436	465	150	397	311
Earnings per sharebasic attributable to OpenText (in dollars per share)	1.66	1.71	0.56	1.46	1.14
Earnings per sharediluted attributable to OpenText (in dollars per share)	1.65	1.71	0.56	1.46	1.14
Weighted average number of Common Shares outstandingbasic (in shares)	263	272	270	271	273
Weighted average number of Common Shares outstandingdiluted (in shares)	264	273	270	272	273

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Cash and cash equivalents	1,156	1,281	1,232	1,694	1,607
Accounts receivable trade, net of allowance for credit losses of $14,258 as of June 30, 2025 and $12,108 as of June 30, 2024 (Note 4)	660	626	683	427	439
Contract assets (Note 3)	78	66	71	26	25
Income taxes recoverable (Note 15)	109	61	68	18	32
Prepaid expenses and other current assets (Note 9)	199	243	222	121	99
Total current assets	2,201	2,277	2,275	2,285	2,202
Property and equipment (Note 5)	375	368	357	245	234
Operating lease right of use assets (Note 6)	198	220	286	198	235
Long-term contract assets (Note 3)	49	39	65	20	19
Goodwill (Note 7)	7,517	7,488	8,663	5,245	4,692
Acquired intangible assets (Note 8)	1,977	2,486	4,081	1,075	1,187
Deferred tax assets (Note 15)	1,081	933	927	810	797
Other assets (Note 9)	308	298	342	257	209
Long-term income taxes recoverable (Note 15)	68	97	94	44	35
Total assets	13,774	14,206	17,089	10,179	9,609
Accounts payable and accrued liabilities (Note 10)	1,027	931	996	449	424
Current portion of long-term debt (Note 11)	36	36	321	10	10
Operating lease liabilities (Note 6)	76	76	91	56	58
Deferred revenues (Note 3)	1,515	1,521	1,722	902	853
Income taxes payable (Note 15)	93	236	89	51	17
Total current liabilities	2,747	2,800	3,220	1,468	1,362
Accrued liabilities (Note 10)	42	46	52	18	29
Pension liability, net (Note 12)	132	127	126	61	75
Long-term debt (Note 11)	6,342	6,357	8,562	4,210	3,579
Long-term operating lease liabilities (Note 6)	190	218	272	199	224
Long-term deferred revenues (Note 3)	169	162	218	91	99
Long-term income taxes payable (Note 15)	80	146	194	34	34
Deferred tax liabilities (Note 15)	142	149	424	66	108
Total long-term liabilities	7,096	7,206	9,847	4,678	4,148
Common shares	2,194	2,272	2,177	2,039	1,948
Accumulated other comprehensive income (loss) (Note 21)	−67	−70	−54	−8	66
Retained earnings	1,940	2,119	2,049	2,160	2,153
Treasury stock, at cost (4,648,036 and 3,135,980 shares at June 30, 2025 and June 30, 2024, respectively)	−138	−123	−152	−160	−69
Total OpenText shareholders equity	3,929	4,198	4,021	4,031	4,098
Non-controlling interests	2	2	1	1	2
Total shareholders equity	3,931	4,200	4,022	4,032	4,099
Total liabilities and shareholders equity	13,774	14,206	17,089	10,179	9,609

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-06-30	FY 2024 2024-06-30	FY 2023 2023-06-30	FY 2022 2022-06-30	FY 2021 2021-06-30
Depreciation and amortization of intangible assets	641	808	657	504	521
Share-based compensation expense	105	140	130	70	52
Pension expense	15	14	9	7	7
Amortization of debt discount and issuance costs	22	25	17	5	5
Write-off of right of use assets	9	20	10	18	0
Loss on extinguishment of debt	0	56	8	27	0
Gain (adjustments to gain) on AMC Divestiture	4	−429	0	0	—
Loss on sale and write down of property and equipment, net	3	4	2	294,000	3
Deferred taxes	−139	−142	−150	−36	73
Share in net (income) loss of equity investees	−200,000	18	23	−59	−63
Changes in derivative instruments	44	−3	129	0	0
Accounts receivable	80	109	169	82	61
Contract assets	−136	−95	−74	−38	−39
Prepaid expenses and other current assets	42	−28	−23	−14	38
Income taxes	−247	112	15	35	−141
Accounts payable and accrued liabilities	−23	−66	−127	−24	26
Deferred revenue	4	−43	−128	−5	39
Other assets	−15	25	−11	17	12
Operating lease assets and liabilities, net	−15	−21	−28	−4	−27
Net cash provided by operating activities	831	968	779	982	876
Additions of property and equipment	−143	−159	−124	−93	−64
Purchase of Micro Focus, net of cash acquired	0	−9	−5,658	0	0
Proceeds (adjustments to proceeds) from AMC Divestiture	−12	2,229	0	—	—
Settlement of derivative instruments	−10	0	0	—	—
Realized gain on financial instruments	0	0	131	0	0
Proceeds from interest on derivative instruments	5	4	0	0	—
Other investing activities	7	−10	−873,000	−4	−5
Net cash provided by (used in) investing activities	−154	2,055	−5,651	−971	−69
Proceeds from issuance of Common Shares from exercise of stock options and ESPP	35	67	39	67	80
Proceeds from long-term debt and Revolver	0	0	4,927	1,500	0
Repayment of long-term debt and Revolver	−36	−2,568	−203	−860	−610
Debt issuance costs	−1	−4	−78	−17	0
Net change in transition services agreement obligation	−15	15	0	0	—
Repurchase of Common Shares	−413	−150	0	−177	−119
Purchase of treasury stock	−131	−53	−22	−112	−65
Payments of dividends to shareholders	−272	−267	−260	−238	−211
Other financing activities	−2	−1	−1	0	0
Net cash provided by (used in) financing activities	−835	−2,962	4,403	138	−925
Foreign exchange gain (loss) on cash held in foreign currencies	33	−12	7	−63	30
Increase (decrease) in cash, cash equivalents and restricted cash during the year	−125	49	−462	86	−87

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