Filing Flows

Filing Flows › Companies › Open Text › Cash flow

Open Text cash flow, quarter by quarter

Latest: Q1 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$139M in Q1 FY27 · $845M over twelve months

Operating cash flow$172M
Capital spending−$33.8M
Free cash flow+$139M
Cash / net income1.1×
Cash conversion cycle16 days

Analysis

In Q1 FY27, Open Text generated $172M of operating cash flow and spent $33.8M on capital projects, leaving free cash flow of $139M. That is $37.3M more than in Q1 FY26 ($101M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.0B; the largest uses were net borrowing (+) / repaid (−) ($649M), buybacks ($339M), dividends ($267M); besides operations, cash came from other investing ($316M), shares issued ($54.8M); the cash balance fell by $104M.

Operating cash flow was $172M against net income of $155M — 1.1× profit, cash ran ahead of reported earnings. The largest differences: deferred revenue −$117M, receivables +$116M, payables −$81.8M.

Its cash conversion cycle was 16 days (receivables 53 + inventory 0 − payables 37).

Free cash flow

Open Text: free cash flow by quarterOpen Text: free cash flow by quarter$307MQ2 FY25$374MQ3 FY25$124MQ4 FY25$101MQ1 FY26$279MQ2 FY26$305MQ3 FY26$122MQ4 FY26$139MQ1 FY27
Operating cash flow less capital spending.
Open Text: operating cash flow against capital spendingOpen Text: operating cash flow against capital spendingOperating cash flowCapital spending$348M$41.3MQ2 FY25$402M$28.4MQ3 FY25$158M$34.2MQ4 FY25$148M$46.5MQ1 FY26$319M$39.2MQ2 FY26$355M$49.7MQ3 FY26$186M$63.8MQ4 FY26$172M$33.8MQ1 FY27
Latest (Q1 FY27): Operating cash flow $172M, Capital spending $33.8M.

Capital allocation, year by year

Open Text: where the cash came from (up) and went (down), by fiscal yearOpen Text: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY22: Operating cash flow $982MFY22: Net borrowing $640MFY22: Shares issued $99.9MFY22: Capital spending −$93.1MFY22: Buybacks −$177MFY22: Dividends −$238M$1.7BFY22FY23: Operating cash flow $779MFY23: Net borrowing $4.7BFY23: Shares issued $47.1MFY23: Capital spending −$124MFY23: Acquisitions −$5.7BFY23: Dividends −$260M$5.6BFY23FY24: Operating cash flow $968MFY24: Net borrowing −$2.6BFY24: Shares issued $98.3MFY24: Asset sales $2.2BFY24: Capital spending −$159MFY24: Acquisitions −$9.3MFY24: Buybacks −$150MFY24: Dividends −$267M$3.3BFY24FY25: Operating cash flow $831MFY25: Net borrowing −$35.9MFY25: Shares issued $39.1MFY25: Asset sales −$11.7MFY25: Capital spending −$143MFY25: Buybacks −$413MFY25: Dividends −$272M$870MFY25FY26: Operating cash flow $1.0BFY26: Net borrowing −$649MFY26: Shares issued $83.7MFY26: Asset sales $312MFY26: Capital spending −$199MFY26: Buybacks −$416MFY26: Dividends −$268M$1.4BFY26
Over these 5 years operating cash flow totalled $4.6B; the largest uses were acquisitions ($5.7B) and net borrowing ($3.3B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$983M
Debt$5.8B
Net debt$4.8B
Due within a year$35.9M

Open Text funds itself: free cash flow was $845M over the last twelve months, and $983M of cash and investments stands against $5.8B of debt ($35.9M due within a year, 27.4× covered by cash).

Where the cash came from and went

Open Text: sources (+) and uses (−) of cash, Q1 FY27Open Text: sources (+) and uses (−) of cash, Q1 FY27Operating cash flow$172MDividends−$66.5MCapital spending−$33.8MBuybacks−$30.0MCash drawn (+) / kept (−)−$27.3MOther financing−$12.8MNet borrowing (+) / repaid (−)−$9.0MShares issued$6.7MOther investing$641KExchange rates−$301K
Open Text: sources (+) and uses (−) of cash, TTM to Q1 FY27Open Text: sources (+) and uses (−) of cash, TTM to Q1 FY27Operating cash flow$1.0BNet borrowing (+) / repaid (−)−$649MBuybacks−$339MOther investing$316MDividends−$267MCapital spending−$187MCash drawn (+) / kept (−)$104MShares issued$54.8MOther financing−$54.8MExchange rates−$10.3M

From profit to cash

Open Text: net income to operating cash flow, Q1 FY27Open Text: net income to operating cash flow, Q1 FY27Net income$155MStock-based pay$19.7MDeferred taxes$12.3MGains on disposals$217KReceivables$116MPayables−$81.8MDeferred revenue−$117MContract assets−$27.8MPrepaid and other assets$26.9MIncome taxes payable−$48.4MOperating cash flow$172M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q1 FY2753—3716
Q4 FY2646—3412
Q3 FY2645—3312
Q2 FY2644—359
Q1 FY2645—3510
Q4 FY2543—3310
Q3 FY2544—3312
Q2 FY2542—3111

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q1 FY27$172M−$33.8M−$30.0M−$66.5M−$9.0M$6.7M−$27.3M$139M
Q4 FY26$186M−$63.8M−$11.8M−$65.4M−$459M$7.0M$298M$122M
Q3 FY26$355M−$49.7M−$247M−$66.3M−$172M$8.0M$17.6M$305M
Q2 FY26$319M−$39.2M−$50.0M−$68.5M−$9.0M$33.1M−$184M$279M
Q1 FY26$148M−$46.5M−$108M−$68.2M−$9.0M$8.4M$69.4M$101M
Q4 FY25$158M−$34.2M−$145M−$66.2M−$9.0M$9.4M$122M$124M
Q3 FY25$402M−$28.4M−$115M−$67.9M−$9.0M$8.2M−$156M$374M
Q2 FY25$348M−$41.3M−$66.0M−$68.3M−$9.0M$8.3M−$122M$307M

Open Text: income statement and cash flow

Open Text, Q1 FY27: revenue $1.2B (-4% year over year), operating margin 20.3%. The chart follows the revenue to costs, profit and cash.

Open Text: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.