Open Text (OTEX) Research & Development (2009 - 2026)
Open Text's (OTEX) quarterly Research & Development came in at $171.2 million in Q1 2026, down 13.26% year-on-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.
- On a quarterly basis, Research & Development fell 13.26% year-over-year to $171.2 million in Q1 2026; TTM through Mar 2026 was $995.8 million, a 15.68% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 22.56% from the prior year.
- Research & Development fell to $171.2 million in Q1 2026 per OTEX's latest filing, from $288.0 million in the prior quarter.
- Across five years, Research & Development topped out at $354.6 million in Q2 2023 and bottomed 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.
- Across the five-year window, Research & Development slumped 80.58% in 2023 and soared 791.09% in 2024, its largest moves.
- Year by year, Research & Development stood at $177.2 million in 2022, then grew by 20.14% to $212.9 million in 2023, then climbed by 28.69% to $273.9 million in 2024, then increased by 5.13% to $288.0 million in 2025, then sank by 40.57% to $171.2 million in 2026.
- Per Business Quant, the three latest OTEX Research & Development figures stand at $171.2 million (Q1 2026), $288.0 million (Q4 2025), and $257.1 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Open Text | 5.21 Bn | 3.96 Bn | 937.27 Mn | 171.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 183.24 Mn |