OPEN TEXT CORP
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
OTEX$24.56-1.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
(In thousands of U.S. dollars, except share data)
| March 31, 2026 | June 30, 2025 | |
|---|---|---|
| ASSETS · (Unaudited) | ||
| Cash and cash equivalents | $1,254,144 | $1,156,496 |
| Accounts receivable trade, net of allowance for credit losses of $14,950 as of March 31, 2026 and $14,258 as of June 30, 2025 | 620,742 | 659,675 |
| Contract assets (Note 3) | 66,891 | 77,920 |
| Income taxes recoverable (Note 13) | 49,740 | 108,792 |
| Prepaid expenses and other current assets (Note 7) | 215,216 | 198,575 |
| Assets held for sale (Note 17) | 176,822 | — |
| Total current assets | 2,383,555 | 2,201,458 |
| Property and equipment, net of accumulated depreciation of $738,215 as of March 31, 2026 and $835,324 as of June 30, 2025 | 391,182 | 375,252 |
| Operating lease right of use assets (Note 4) | 138,829 | 197,977 |
| Long-term contract assets (Note 3) | 49,435 | 49,293 |
| Goodwill (Note 5) | 7,325,034 | 7,517,463 |
| Acquired intangible assets (Note 6) | 1,582,880 | 1,976,591 |
| Deferred tax assets (Note 13) | 1,059,913 | 1,080,575 |
| Other assets (Note 7) | 307,720 | 307,693 |
| Long-term income taxes recoverable (Note 13) | 86,553 | 67,762 |
| Total assets | $13,325,101 | $13,774,064 |
| LIABILITIES AND SHAREHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable and accrued liabilities (Note 8) | $898,681 | $1,026,583 |
| Current portion of long-term debt (Note 9) | 35,850 | 35,850 |
| Operating lease liabilities (Note 4) | 62,606 | 75,914 |
| Deferred revenues (Note 3) | 1,508,469 | 1,515,382 |
| Income taxes payable (Note 13) | — | 93,325 |
| Liabilities held for sale (Note 17) | 29,197 | — |
| Total current liabilities | 2,534,803 | 2,747,054 |
| Long-term liabilities: | ||
| Accrued liabilities (Note 8) | 38,292 | 42,312 |
| Pension liability, net (Note 10) | 139,889 | 132,215 |
| Long-term debt (Note 9) | 6,174,658 | 6,342,071 |
| Long-term operating lease liabilities (Note 4) | 141,239 | 189,949 |
| Long-term deferred revenues (Note 3) | 159,858 | 168,757 |
| Long-term income taxes payable (Note 13) | 66,634 | 79,604 |
| Deferred tax liabilities (Note 13) | 105,601 | 141,514 |
| Total long-term liabilities | 6,826,171 | 7,096,422 |
| Shareholders’ equity: | ||
| Share capital and additional paid-in capital (Note 11) | ||
| 242,230,377 and 254,784,391 Common Shares issued and outstanding at March 31, 2026 and June 30, 2025, respectively; authorized Common Shares: unlimited | 2,137,801 | 2,193,985 |
| Accumulated other comprehensive income (loss) (Note 19) | (47,251) | (67,067) |
| Retained earnings | 1,945,539 | 1,940,113 |
| Treasury stock, at cost (2,584,757 and 4,648,036 shares at March 31, 2026 and June 30, 2025, respectively) | (73,863) | (138,164) |
| Total OpenText shareholders’ equity | 3,962,226 | 3,928,867 |
| Non-controlling interests | 1,901 | 1,721 |
| Total shareholders’ equity | 3,964,127 | 3,930,588 |
| Total liabilities and shareholders’ equity | $13,325,101 | $13,774,064 |
Guarantees and contingencies (Note 12)
Related party transactions (Note 23)
Subsequent events (Note 24)
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