Open Text (OTEX) Cost of Revenue (2009 - 2026)
Open Text (OTEX) posted Cost of Revenue of $337.6 million for Q2 2026, down 2.22% on a QoQ basis from $345.2 million in Q1 2026, and down 6.97% year-over-year from $362.8 million in Q2 2025.
Analysis
Open Text (OTEX) Cost of Revenue (2009 - 2026) Analysis & Trends
Open Text has reported Cost of Revenue for 18 years, with the latest figure at $337.6 million in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 6.97% year-over-year to $337.6 million in Q2 2026; TTM through Jun 2026 was $1.4 billion, a 3.92% decrease from a year earlier, with the FY2026 full-year figure at $1.4 billion, down 3.92% from the prior year.
- Cost of Revenue was $337.6 million for Q2 2026 at Open Text, down from $345.2 million in the prior quarter.
- The five-year high for Cost of Revenue was $426.8 million in Q2 2023, with the low at $258.3 million in Q3 2022.
- Average Cost of Revenue over 5 years is $347.2 million, with a median of $356.3 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue surged 58.87% in 2023, then slipped 12.27% in 2024.
- Over 5 years, Cost of Revenue stood at $261.7 million in 2022, then surged by 55.05% to $405.7 million in 2023, then fell by 12.13% to $356.5 million in 2024, then dropped by 3.36% to $344.5 million in 2025, then dropped by 2.03% to $337.6 million in 2026.
- The last three Cost of Revenue figures came in at $337.6 million (Q2 2026), $345.2 million (Q1 2026), and $344.5 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 238.45 Mn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 125.00 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 337.55 Mn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 67.18 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 30.33 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | 13.40 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 11.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 337.55 Mn |
| Mar 31, 2026 | 345.23 Mn |
| Dec 31, 2025 | 344.54 Mn |
| Sep 30, 2025 | 350.62 Mn |
| Jun 30, 2025 | 362.84 Mn |
| Mar 31, 2025 | 356.11 Mn |
| Dec 31, 2024 | 356.52 Mn |
| Sep 30, 2024 | 358.65 Mn |
| Jun 30, 2024 | 374.43 Mn |
| Mar 31, 2024 | 391.36 Mn |
| Dec 31, 2023 | 405.75 Mn |
| Sep 30, 2023 | 407.01 Mn |
| Jun 30, 2023 | 426.82 Mn |
| Mar 31, 2023 | 369.73 Mn |
| Dec 31, 2022 | 261.69 Mn |
| Sep 30, 2022 | 258.35 Mn |
| Jun 30, 2022 | 268.66 Mn |
| Mar 31, 2022 | 274.24 Mn |
| Dec 31, 2021 | 261.18 Mn |
| Sep 30, 2021 | 258.12 Mn |