• Open Text average return on tangible equity for 2024 was -7.14, a 67.61% increase from 2023.
• Open Text average return on tangible equity for 2023 was -4.26, a 72.53% increase from 2022.
• Open Text average return on tangible equity for 2022 was -15.51, a 7.24% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.