Open Text (OTEX) Research & Development (2009 - 2026)
Open Text (OTEX) posted Research & Development of $308.4 million for Q2 2026, up 9.1% on a QoQ basis from $282.6 million in Q1 2026, and up 10.29% year-over-year from $279.6 million in Q2 2025.
Analysis
Open Text (OTEX) Research & Development (2009 - 2026) Analysis & Trends
Open Text has reported Research & Development for 18 years, with the latest figure at $308.4 million in Q2 2026.
- On a quarterly basis, Research & Development rose 10.29% year-over-year to $308.4 million in Q2 2026; TTM through Jun 2026 was $1.1 billion, a 7.22% increase from a year earlier, with the FY2026 full-year figure at $1.1 billion, up 7.22% from the prior year.
- Research & Development was $308.4 million for Q2 2026 at Open Text, up from $282.6 million in the prior quarter.
- The five-year high for Research & Development was $354.6 million in Q2 2023, with the low at $167.2 million in Q3 2022.
- Average Research & Development over 5 years is $260.9 million, with a median of $276.8 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Research & Development jumped 90.67% in 2023, then declined 17.73% in 2024.
- Over 5 years, Research & Development stood at $177.2 million in 2022, then soared by 62.34% to $287.6 million in 2023, then slipped by 4.76% to $273.9 million in 2024, then rose by 5.13% to $288.0 million in 2025, then rose by 7.07% to $308.4 million in 2026.
- The last three Research & Development figures came in at $308.4 million (Q2 2026), $282.6 million (Q1 2026), and $288.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 49.32 Bn | 48.08 Bn | 1.53 Bn | 759.82 Mn |
| 2 | Dropbox | 7.65 Bn | 6.54 Bn | 506.50 Mn | 188.10 Mn |
| 3 | Open Text | 5.80 Bn | 4.84 Bn | 1.01 Bn | 308.36 Mn |
| 4 | Box | 4.83 Bn | 4.38 Bn | 253.97 Mn | 106.72 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 104.38 Mn |
| 6 | Cheetah Mobile | 99.06 Mn | -64.30 Mn | 24.15 Mn | -8.37 Mn |
| 7 | Upland Software | 10.97 Mn | -20.70 Mn | 37.47 Mn | 9.51 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 308.36 Mn |
| Mar 31, 2026 | 282.62 Mn |
| Dec 31, 2025 | 288.00 Mn |
| Sep 30, 2025 | 257.06 Mn |
| Jun 30, 2025 | 279.58 Mn |
| Mar 31, 2025 | 260.10 Mn |
| Dec 31, 2024 | 273.93 Mn |
| Sep 30, 2024 | 245.88 Mn |
| Jun 30, 2024 | 291.75 Mn |
| Mar 31, 2024 | 303.75 Mn |
| Dec 31, 2023 | 287.63 Mn |
| Sep 30, 2023 | 280.01 Mn |
| Jun 30, 2023 | 354.62 Mn |
| Mar 31, 2023 | 271.01 Mn |
| Dec 31, 2022 | 177.17 Mn |
| Sep 30, 2022 | 167.17 Mn |
| Jun 30, 2022 | 185.99 Mn |
| Mar 31, 2022 | 180.96 Mn |
| Dec 31, 2021 | 163.94 Mn |
| Sep 30, 2021 | 146.24 Mn |