TORONTO STOCK EXCHANGE · Technology · CIK 0001002638
$27.94
+4.45% · live
Updated
$6.77B market value
From OPEN TEXT CORP's FY2026 10-K, filed Aug 6, 2026 · read the filing
OPEN TEXT makes and sells software and computing services. It took in $5.25B last year, which makes it a mid-sized company. Of every dollar it sells, about 12 cents is left as profit.
The financial picture is led by profitability, with growth and debt worth watching.
A conclusion from the filings, not a recommendation. Detailed figures and supporting evidence appear in their dedicated sections below.
Financial health
Generally healthy, with a few things to watch.
From OPEN TEXT CORP's FY2026 annual filing · share price scored separately
Largest year-over-year changes in FY2026
Profit
$435.9M → $643.0M
Earnings per share
$1.71 → $2.66
Operating income
$892.7M → $1.08B
Operating margin
17.3% → 20.6%
Measured against FY2025, from the 10-K filed Aug 6, 2026
Improved: +47.5%
$435.9M to $643.0MCritical
Why it matters: Profit swings far more than sales do, and one-off items — a legal settlement, a tax charge, an asset sale — move it without the underlying business changing.
How the latest move compares (quote live), and what was published around it
OTEX rose 4.45% on the latest quote. The average Technology company tracked here moved −1.33%, and the S&P 500 −1.04%. That is 5.8 points above its sector and 5.5 points above the market.
Expectations
Not from the filings — what other people are betting on, and what the price already assumes.
The growth rate someone buying today is paying for, against what the company has delivered
At today's price, the market is paying for free cash flow to grow by about 1% a year for the next 10 years. Over the last 10 years it grew by about 6% a year.
The essentials
Each answered from the filings, with the numbers behind it.
Yes. It keeps about 12 cents of every dollar of sales as profit, earning $643.0M last year.
Barely. Sales were roughly flat, up 1.5%.
Manageable, but notable. Clearing its debt would take about 4.8 years of cash flow. For every $1 it owes, it owns $1.44 in assets.
Core operating and valuation reference metrics
Whether the dividend is covered by what the business actually earns
It pays out 42 cents of every dollar of profit and keeps the rest, which leaves the payment comfortably covered. It paid out 27% of the cash its operations generated. It has paid in each of the last 12 years.
GoodNext payment expected around , projected from how regularly it has paid before rather than from a date the company has announced.
Figures from the FY2026 annual filing
Last year it earned $643.0M and generated $1.01B of cash from operations.
Reported annual figures
As reported to the SEC, in USD. Hover or show sources to see where each figure came from.
| Income statement | FY202610-K · Aug 6, 2026Filing for FY2026 | FY202510-K · Aug 7, 2025Filing for FY2025 | FY202410-K · Aug 1, 2024Filing for FY2024 | FY202310-K · Aug 3, 2023Filing for FY2023 | FY202210-K · Aug 5, 2022Filing for FY2022 | ChangeFY2026 vs FY2025 |
|---|---|---|---|---|---|---|
| RevenueWhat is this? | $5.25B | $5.17B | $5.77B | $4.48B | $3.49B | +1.5% |
| Cost of revenue | $1.38B | $1.43B | $1.58B | $1.32B | $1.06B | −3.9% |
| Gross profit | $3.87B | $3.73B | $4.19B | $3.17B | $2.43B | +3.6% |
| Gross marginGross profit ÷ revenueWhat is this? | 73.7% | 72.3% | 72.6% | 70.6% | 69.6% | +1.5 pts |
| Selling, general and administrative | $436.6M | $427.8M | $577.0M | $419.6M | $317.1M | +2.0% |
| Operating income | $1.08B | $892.7M | $887.1M | $516.3M | $644.8M | +21.3% |
| Operating marginOperating income ÷ revenueWhat is this? | 20.6% | 17.3% | 15.4% | 11.5% | 18.5% | +3.4 pts |
| Income before tax | $858.9M | $482.1M | $729.3M | $221.3M | $516.0M | +78.2% |
| Net income | $643.0M | $435.9M | $465.1M | $150.4M | $397.1M | +47.5% |
| Net marginNet income ÷ revenueWhat is this? | 12.3% | 8.4% | 8.1% | 3.4% | 11.4% | +3.8 pts |
| Earnings per shareNet income ÷ shares outstanding at the period end — close to, but not the same as, the reported EPSWhat is this? | $2.66 | $1.71 | $1.74 | $0.5551 | $1.47 | +55.2% |
† calculated from other reported figures, such as total liabilities as assets minus equity.
Insider activity, ownership stakes and what's coming — straight from EDGAR, before any article is written about it
Notice filed ahead of a planned sale — the sale itself has not necessarily happened yet.
Filed notice to sell 1,961 shares ($47.0K) on or after .
Shares originally obtained via Restricted Stock.
Filed notice to sell 1,961 shares ($49.0K) on or after .
Shares originally obtained via Restricted Stock.
Estimated from how often this has happened before, not a confirmed date.
20 recent filings, newest first. Each is labelled from its form and item numbers, not from its wording.
Signed a material agreement · Took on a direct financial obligation
Read the filingReported another event
Read the filingWrite down why you are following OPEN TEXT CORP, what has to go right and what would change your mind, then see each new annual report measured against it. Sign in to start one.
Go deeper
Every figure above traces back to a filing in the timeline, each linked to the document itself.
The 180 subsidiaries named in its 10-K, incorporated across 56 places. A filer lists the significant ones and may leave the rest out, so this is the floor rather than the full count.
Every company's figures are checked for internal consistency: the balance sheet adding up, figures sharing one currency, cash flow and share counts within plausible ranges, and how recent the latest annual report is. Nothing here changes a figure.
Financial figures are from OTEX's 10-K for fiscal year 2026 (period ending 2026-06-30, filed Aug 6, 2026), reported under the US GAAP taxonomy. View the source filing. Total liabilities were not tagged directly and were calculated as assets minus equity.
3 of 4 scored areas had enough reported figures to judge
The score averages profitability, growth, debt and accounting. Accounting had too few reported figures and is left out of the average rather than counted as a weakness, so a company is never marked down for a figure it did not publish. Cash generation is shown for context and already feeds profitability. Valuation is scored separately, because a share price says nothing about whether the business is sound. 9 of the 9 Piotroski checks could be evaluated. How the score works
Each year scored only from its annual report as it was first filed
| Fiscal year | Health | F-Score | Scored from |
|---|---|---|---|
| FY2026 | 7.3 | 9/9 | 10-K, filed Aug 6, 2026 |
| FY2025 | 3.3 | 4/9 | 10-K, filed Aug 7, 2025 |
| FY2024 | 7.3 | 9/9 | 10-K, filed Aug 1, 2024 |
| FY2023 | 6.0 | 5/9 | 10-K, filed Aug 3, 2023 |
| FY2022 | 8.7 | 6/9 | 10-K, filed Aug 5, 2022 |
| FY2021 | 7.3 | 8/9 | 10-K, filed Aug 5, 2021 |
A later restatement never reaches back into an earlier year, and every year is scored without a share price, so the latest point can differ a little from the headline score, which uses today's price.
Every check behind the three models, and what each one tests
9 of 9 checks passed
Nine yes-or-no tests of whether this year's finances improved on last year's.
1.27
In the grey zone
For this model, above 2.6 is safe and below 1.1 is distress.
Distance from bankruptcy, from a model fitted on companies that did and did not go bust. It describes a balance sheet's shape today; it does not forecast a failure.
not reported — This company has not reported enough of the required figures to calculate this score.
This company has not reported enough of the required figures to calculate this score.
Screens eight accounting ratios for the pattern earnings manipulators tend to leave. A flag is a reason to read the filing closely, never evidence of wrongdoing.
Every figure above comes from the FY2026 filing as filed with the SEC.
Improved: +55.2%
$1.71 to $2.66Critical
Why it matters: Profit divided by the shares in issue at the period end, so it sits close to but not on the company's own reported figure. It can rise with no growth in profit when the company buys back stock — read it beside the share count.
Improved: +21.3%
$892.7M to $1.08BSignificant
Why it matters: Profit from running the business, before interest and tax. Less exposed than profit to one-off financing and tax items, so a clearer read on the business itself.
Improved: +3.4 pts
17.3% to 20.6%Significant
Why it matters: What survives each sale after running the business. A falling operating margin beside a steady gross margin points at overheads — wages, marketing, research — rather than pricing.
Improved: +3.8 pts
8.4% to 12.3%Significant
Why it matters: What survives to the very end of each sale. Worth reading beside revenue: growing sales on a shrinking margin means the company is buying its growth.
Improved: +17.5%
$687.4M to $807.5MSignificant
Why it matters: Cash left after paying for the plant that produced it — the money genuinely available for dividends, buybacks or paying down debt. Harder to flatter than profit.
Deteriorated: -17.3%
$1.16B to $956.0MSignificant
Why it matters: A falling cash pile is only a warning if the company is consuming it. Paying down debt, buying back stock and paying a dividend all reduce cash by choice.
Changed: +39.2%
$143.2M to $199.3MSignificant
Why it matters: Neither good nor bad on its own. Heavy spending is a company building capacity or a company struggling to stand still, and the two look identical in this figure.
Improved: +1.5 pts
72.3% to 73.7%Notable
Why it matters: What survives each sale before overheads. Falling gross margin usually means the company is discounting or its input costs rose — it is the earliest place pricing pressure shows.
Improved: -9.6%
$6.34B to $5.73BNotable
Why it matters: Rising debt is not automatically bad — borrowing to build something that earns more than the interest is ordinary. It matters when it grows faster than the profit meant to service it.
Improved: -5.0%
254.8M to 242.1MNotable
Why it matters: The company bought back stock, so each remaining holding owns slightly more of it. Worth checking it was not funded by borrowing.
3 other measures barely moved. Figures compare the two most recent annual filings — read the latest one. Moves are graded on fixed lines — 5%, 15% and 40% for amounts, and 1, 3 and 8 points for margins — as notable, significant or critical. Nothing here reads the management commentary, which is where a company explains its own numbers.
These coincide with the move in time. None is presented as its cause: a price can move on news that names no company, on the wider market, or on trading that no document records.
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Discounted at 8%–10% a year, with growth settling to 2.5% after 10 years. Those rates are ordinary choices, not measurements: across that range the assumed growth works out between -1% and 3%. This describes what the price implies — it is not a forecast, and not a view on whether the price is right.
Opinions from 9 analysts covering this company, as of . Their views, not this site's.
Of 9 analysts publishing on this company, 2 say strong buy, 4 say buy and 3 say hold. Analysts are paid to publish a view and are wrong often; the split above says how much they agree with each other, which is the part a single headline rating hides.
Published by Finnhub. Analyst coverage skews towards larger companies and towards optimism — sell ratings are rare across the whole market, so a company with none is ordinary rather than endorsed.
Measured on and published about a week later — this is a fortnightly snapshot, not a live position.
About 3.8% of this company's shares have been borrowed and sold by people expecting to buy them back cheaper. That is a bet the price falls. Those people can be wrong, and when a heavily shorted share rises they have to buy it back, which pushes it up further.
Collected by FINRA from broker-dealers twice a month. It counts positions, not intentions, and some of it is hedging rather than a directional bet against the company.
Nothing in this section is a figure this company reported about itself. These are expectations and positions — what the price implies, what analysts have published, what short sellers are betting, and what large funds held at the last count. WylthIQ reports them; it does not endorse them, does not forecast prices, and takes no view on whether any of them will turn out to be right.
The trailing P/E is 11.7x — investors pay $11.7 for each $1 of trailing profit.
This company has not reported enough of the required figures to calculate this score.
Not investment advice, and not a signal to act on by itself — a filing says what happened, not why, and insiders trade for ordinary reasons having nothing to do with where they think the company is headed.
Reported another event
Reported another event
Read the filingReported another event
Read the filingReported another event
Read the filingAnnual report for FY2026
Operating margin +3.4 pts · Profit +47.5% · Earnings per share +55.2% — against FY2025
Read the filingPublished results · Reported another event
Read the filingHad a director or senior officer leave or join · Reported another event
Read the filingReported another event
Read the filingQuarterly report for Q3 FY2026
Profit margin +6.1 pts · Profit +86.0% · Earnings per share +99.4% — against Q3 FY2025
Read the filingPublished results · Reported another event
Read the filingHad a director or senior officer leave or join
Read the filingPublished results
Read the filingReported another event
Read the filingQuarterly report for Q2 FY2026
Profit margin −4.6 pts · Profit -26.9% · Earnings per share -23.4% — against Q2 FY2025
Read the filingPublished results · Reported another event
Read the filingReported another event
Read the filingHad a director or senior officer leave or join
Read the filingReported another event
Read the filingThe first 40 of 180. The rest are in the exhibit.
Source: Exhibit 21 of the 10-K filed 2026-08-06. These are legal entities, not brands or acquisitions — a company that bought a business may hold it inside an entity named here, or inside one small enough that the rule does not require naming it at all.
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