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SEGMENT INFORMATION | 9 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
SEGMENT INFORMATION | SEGMENT INFORMATION ASC Topic 280, “Segment Reporting” (Topic 280), establishes standards for reporting, by public business enterprises, information about operating segments, products and services, geographic areas and major customers. The method of determining what information, under Topic 280, to report is based on the way that an entity organizes operating segments for making operational decisions and how the entity’s management and the chief operating decision maker (CODM) assess an entity’s financial performance. The Company’s CODM is its Interim Chief Executive Officer. Our operations are analyzed by the CODM as being part of a single industry segment: the design, development, marketing and sale of Information Management software and solutions. As such, segment revenues and significant segment expenses are as presented in the Condensed Consolidated Statements of Income. The CODM uses Net income attributable to OpenText and Adjusted EBITDA (as defined below), a non-GAAP measure, on a consolidated Company basis to evaluate and measure financial performance and to make key decisions, including those that involve the preparation of financial projections, strategic decisions and allocation of resources. Adjusted EBITDA is defined and calculated as GAAP-based net income, attributable to OpenText, excluding interest income (expense), provision for (recovery of) income taxes, depreciation and amortization of acquired intangible assets, other income (expense), share-based compensation and special charges (recoveries). The following tables present Total revenue, significant segment expenses and Adjusted EBITDA for the periods presented:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2026 |  | 2025 |  | 2026 |  | 2025
Total revenues | $ | 1,282,504 |  |  | $ | 1,254,363 |  |  | $ | 3,897,375 |  |  | $ | 3,857,868 |
Adjusted Cost of revenues (1) | 298,993 |  |  | 305,330 |  |  | 898,933 |  |  | 916,004 |
Adjusted gross profit (1) | 983,511 |  |  | 949,033 |  |  | 2,998,442 |  |  | 2,941,864 |
Less: |  |  |  |  |  |  |
Adjusted Research and development (2) | 168,380 |  |  | 192,596 |  |  | 487,369 |  |  | 548,193 |
Adjusted Sales and marketing (2) | 274,301 |  |  | 253,260 |  |  | 804,618 |  |  | 752,533 |
Adjusted General and administrative (2) | 102,815 |  |  | 107,877 |  |  | 309,764 |  |  | 300,455 |
Add: |  |  |  |  |  |  |
Net (income) attributable to non-controlling interests | (101) |  |  | (49) |  |  | (180) |  |  | (147) |
Adjusted EBITDA | 437,914 |  |  | 395,251 |  |  | 1,396,511 |  |  | 1,340,536 |
Less: |  |  |  |  |  |  |
Reconciling items (3) | 265,262 |  |  | 302,446 |  |  | 909,152 |  |  | 933,501 |
Net income attributable to OpenText | $ | 172,652 |  |  | $ | 92,805 |  |  | $ | 487,359 |  |  | $ | 407,035 |
______________________ (1)Total Adjusted cost of revenues excludes Amortization of acquired technology-based intangible assets and share-based compensation expense, which are costs that are excluded from the CODM’s evaluation of segment performance. (2)Adjusted operating expenses exclude share-based compensation expense, which are costs that are excluded from the CODM’s evaluation of segment performance. (3)The following adjustments are made to reconcile Adjusted EBITDA to Net income attributable to OpenText:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2026 |  | 2025 |  | 2026 |  | 2025
Provision for (recovery of) income taxes | $ | 34,282 |  |  | $ | 10,842 |  |  | $ | 120,815 |  |  | $ | 63,618 |
Interest and other related expense, net | 74,409 |  |  | 78,816 |  |  | 234,750 |  |  | 246,713 |
Amortization of acquired technology-based intangible assets | 43,322 |  |  | 47,199 |  |  | 131,730 |  |  | 141,646 |
Amortization of acquired customer-based intangible assets | 65,408 |  |  | 79,683 |  |  | 223,614 |  |  | 242,235 |
Depreciation | 34,311 |  |  | 32,474 |  |  | 105,499 |  |  | 96,524 |
Share-based compensation | 19,877 |  |  | 23,000 |  |  | 58,790 |  |  | 82,919 |
Special charges (recoveries) | 73,884 |  |  | 3,854 |  |  | 114,141 |  |  | 66,228 |
Other (income) expense, net | (80,231) |  |  | 26,578 |  |  | (80,187) |  |  | (6,382) |
Total reconciling items | $ | 265,262 |  |  | $ | 302,446 |  |  | $ | 909,152 |  |  | $ | 933,501 |

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- Definition The entire disclosure for reporting segments including data and tables. 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