Below are the financial statements of Open Text, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenues | — | — | — |
| Cloud services and subscriptions | 1,856.47a | 1,820.52a | 1,700.43a |
| Customer support | 2,334.04a | 2,713.3a | 1,915.02a |
| License | 625.61a | 834.16a | 539.03a |
| Professional service and other | 352.28a | 401.59a | 330.5a |
| Total revenues | 5,168.41a | 5,769.58a | 4,484.98a |
| Cost of revenues | — | — | — |
| Cloud services and subscriptions | -697.93a | -713.76a | -590.17a |
| Customer support | -250.31a | -292.73a | -209.71a |
| License | -31.94a | -25.61a | -16.65a |
| Professional service and other | -265.16a | -302.53a | -276.89a |
| Amortization of acquired technology-based intangible assets | -188.78a | -243.92a | -223.18a |
| Total cost of revenues | -1,434.12a | -1,578.55a | -1,316.59a |
| Gross profit | 3,734.29a | 4,191.03a | 3,168.39a |
| Operating expenses | — | — | — |
| Research and development | -755.94a | -864.46a | -659.21a |
| Sales and marketing | -1,059.5a | -1,163.13a | -969.97a |
| General and administrative | -427.81a | -577.04a | -419.59a |
| Depreciation | -130.57a | -131.6a | -107.76a |
| Amortization of acquired customer-based intangible assets | -321.89a | -432.4a | -326.41a |
| Special charges (recoveries) | -145.89a | -135.31a | -169.16a |
| Total operating expenses | -2,841.6a | -3,303.94a | -2,652.1a |
| Income from operations | 892.69a | 887.09a | 516.29a |
| Other income (expense), net | -82.79a | 358.39a | 34.47a |
| Interest and other related expense, net | -327.83a | -516.18a | -329.43a |
| Income before income taxes | 482.07a | 729.3a | 221.33a |
| Provision for income taxes | -46.01a | -264.01a | -70.77a |
| Net income | 436.07a | 465.28a | 150.57a |
| Net (income) attributable to non-controlling interests | -0.2a | -0.19a | -0.19a |
| Net income attributable to OpenText | 435.87a | 465.09a | 150.38a |
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