OPEN TEXT CORP

Enterprise-information-management vendor with high margins and FCF, but declining revenue, leverage, and thin liquidity.

Strengths

• High gross margin and OCF — gross margin 72.3%, OCF margin 16.1%
• Profitable — operating margin 17.3%, net margin 8.4%

Risks

• Declining revenue — -10.4% (9th)
• Leverage and thin liquidity — D/E 1.61 (80th), current ratio 0.80 (16th)
• Acquisition-integration and product-transition risk — per 10-K

Notable findings

• Exec changeRecent 8-K item 5.02 8-K ↗
• Weak liquidityCurrent ratio 0.80 (<1)
• Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC
• Notable holderHeld by 4 notable fund(s): GOLDMAN SACHS GROUP INC, CITADEL ADVISORS LLC, Bridgewater Associates, LP +1 more (as of 2026-03-31)