Open Text (OTEX) Research & Development (2009 - 2026)
Open Text (OTEX) posted quarterly Research & Development of $171.2 million for Q1 2026, down 13.26% year-over-year from $197.3 million in Q1 2025, and down 40.57% quarter-over-quarter from $288.0 million in Q4 2025.
Open Text (OTEX) Research & Development (2009 - 2026) Analysis & Trends
Open Text's Research & Development history runs 18 years deep, the most recent figure standing at $171.2 million for Q1 2026.
- In Q1 2026, Research & Development fell 13.26% year-over-year to $171.2 million; the TTM figure through Mar 2026 stood at $995.8 million (up 15.68% YoY), while the FY2025 annual figure was $1.1 billion, up 22.56% from the prior year.
- Research & Development for Q1 2026 stood at $171.2 million, down from $288.0 million in the prior quarter.
- The five-year high for Research & Development was $354.6 million in Q2 2023, with the low at $21.4 million in Q3 2023.
- The 5-year median for Research & Development is $198.9 million (2024), against an average of $204.1 million.
- The sharpest annual moves came in 2023 and 2024: Research & Development sank 80.58% in 2023, then soared 791.09% in 2024.
- Open Text's Research & Development stood at $177.2 million in 2022, then climbed by 20.14% to $212.9 million in 2023, then advanced by 28.69% to $273.9 million in 2024, then grew by 5.13% to $288.0 million in 2025, then slumped by 40.57% to $171.2 million in 2026.
- Business Quant data shows OTEX's Research & Development at $171.2 million in Q1 2026, $288.0 million in Q4 2025, and $257.1 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Open Text | 5.94 Bn | 4.99 Bn | 1.01 Bn | 308.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 308.36 Mn |
| Mar 31, 2026 | 171.17 Mn |
| Dec 31, 2025 | 288.00 Mn |
| Sep 30, 2025 | 257.06 Mn |
| Jun 30, 2025 | 279.58 Mn |
| Mar 31, 2025 | 197.33 Mn |
| Dec 31, 2024 | 273.93 Mn |
| Sep 30, 2024 | 190.69 Mn |
| Jun 30, 2024 | 198.86 Mn |
| Mar 31, 2024 | 226.52 Mn |
| Dec 31, 2023 | 212.86 Mn |
| Sep 30, 2023 | 21.40 Mn |
| Jun 30, 2023 | 354.62 Mn |
| Mar 31, 2023 | 210.73 Mn |
| Dec 31, 2022 | 177.17 Mn |
| Sep 30, 2022 | 110.20 Mn |
| Jun 30, 2022 | 118.93 Mn |
| Mar 31, 2022 | 180.96 Mn |
| Dec 31, 2021 | 163.94 Mn |
| Sep 30, 2021 | 100.17 Mn |