PTC INC.

Listed Company

PTCCIK 0000857005NasdaqLarge AcceleratedServices-Prepackaged SoftwareMassachusettsFY ends Sep 30

Period

FY 2025

Revenue

$2.74B

Net Income

$734.00M

Total Assets

$6.62B

Equity

$3.83B

Shares Out

119.00M

Op. Cash Flow

$867.70M

Business

PTC INC. is a global software company that provides solutions to enable the Intelligent Product Lifecycle and digital transformation for manufacturers and technology companies. It offers product lifecycle management, computer-aided design, application lifecycle management, service lifecycle management, service parts management and cloud-native SaaS product development and quality platforms, including Windchill, Creo, Onshape, Arena, Codebeamer, ServiceMax and Servigistics. Its offerings are organized around product development, service lifecycle and SaaS platforms. It sells primarily direct to enterprise customers and also through resellers and strategic partners across global industrial and high-tech markets.

Summary from filing dated 2025-11-21

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Total revenue	2,739	2,298	2,097	1,933	1,807
Total cost of revenue	445	445	441	386	371
Gross margin	2,294	1,854	1,656	1,547	1,436
Sales and marketing	567	559	530	485	518
Research and development	458	433	394	339	300
General and administrative	226	232	234	205	206
Amortization of acquired intangible assets	46	42	40	35	29
Impairment and other charges (credits), net	16	−802,000	−460,000	36	2
Total operating expenses	1,312	1,266	1,198	1,100	1,055
Operating income	982	588	458	447	381
Interest expense	−77	−120	−129	−54	−50
Other income, net	15	553,000	4	4	61
Income before income taxes	920	469	333	397	392
Provision for income taxes	186	93	87	84	−85
Net income	734	376	246	313	477
Earnings per share-Basic	6.12	3.14	2.07	2.67	4.08
Earnings per share-Diluted	6.08	3.12	2.06	2.65	4.03
Weighted-average shares outstandingBasic	120	120	118	117	117
Weighted-average shares outstandingDiluted	121	121	119	118	118

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Cash and cash equivalents	184	266	288	272	327
Accounts receivable, net of allowance for doubtful accounts of $1,487 and $1,180 at September 30, 2025 and September 30, 2024, respectively	1,001	862	811	637	541
Prepaid expenses	119	103	96	89	70
Other current assets	79	68	82	71	135
Total current assets	1,383	1,299	1,277	1,069	1,073
Property and equipment, net	61	75	88	98	100
Goodwill	3,493	3,462	3,359	2,354	2,192
Acquired intangible assets, net	825	897	941	383	379
Deferred tax assets	194	159	123	256	298
Operating right-of-use lease assets	115	133	143	138	152
Other assets	546	358	357	390	313
Total assets	6,617	6,384	6,289	4,687	4,508
Accounts payable	12	24	43	40	33
Accrued expenses and other current liabilities	136	130	133	117	113
Accrued compensation and benefits	200	174	160	104	118
Accrued income taxes	29	40	15	5	5
Current portion of long-term debt	25	522	9	0	—
Deferred revenue	812	754	665	504	482
Short-term lease obligations	24	24	25	22	28
Total current liabilities	1,237	1,667	1,671	792	779
Long-term debt	1,172	1,227	1,686	1,351	1,439
Deferred tax liabilities	30	32	30	28	4
Long-term deferred revenue	15	21	16	17	16
Long-term lease obligations	148	158	168	168	181
Other liabilities	188	64	40	36	50
Total liabilities	2,791	3,169	3,612	2,391	2,469
Commitments and contingencies (Note 10)	—	—	—	—	—
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued	0	0	0	0	0
Common stock, $0.01 par value; 500,000 shares authorized; 119,536 and 120,155 shares issued and outstanding at September 30, 2025 and September 30, 2024, respectively	1	1	1	1	1
Additional paid-in capital	1,823	1,965	1,821	1,721	1,719
Retained earnings	2,084	1,350	973	728	415
Accumulated other comprehensive loss	−81	−102	−118	−153	−96
Total stockholders equity	3,826	3,214	2,677	2,296	2,038
Total liabilities and stockholders equity	6,617	6,384	6,289	4,687	4,508

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	103	108	105	88	85
Amortization of right-of-use lease assets	33	33	32	34	37
Stock-based compensation	216	224	207	175	177
Other non-cash items, net	−4	−2	−4	−5	−1
Provision (benefit) from deferred income taxes	−26	−39	17	43	−158
Accounts receivable	−121	−35	−99	−165	−119
Accounts payable and accrued expenses	−636,000	−24	16	7	25
Accrued compensation and benefits	21	8	8	−7	17
Deferred revenue	38	81	57	58	59
Accrued income taxes	90	65	5	−15	14
Other current assets and prepaid expenses	−8	−16	7	−41	−14
Operating lease liabilities	−10	−13	−2	−14	−7
Other noncurrent assets and liabilities	−196	−17	18	−38	−153
Net cash provided by operating activities	868	750	611	435	369
Additions to property and equipment	−11	−14	−24	−19	−25
Acquisitions of businesses, net of cash acquired	−7	−93	−828	−283	−718
Settlement of net investment hedges	−21	−13	−8	25	965,000
Other investing activities	0	−4	−6	3	0
Net cash used in investing activities	−38	−125	−866	−201	−688
Borrowings under credit facility	860	1,085	1,540	264	600
Repayments of senior notes	−500	0	0	0	0
Repayments of borrowings under credit facility and acquired debt	−913	−1,039	−1,197	−355	−168
Repurchases of common stock	−300	0	0	−125	−30
Proceeds from issuance of common stock	26	26	22	21	22
Payments of withholding taxes in connection with stock-based awards	−80	−102	−82	−69	−53
Credit facility origination costs	−1	0	−13	0	0
Payment of deferred acquisition consideration	0	−620	0	—	—
Other financing activity	−239,000	−282,000	−536,000	0	—
Net cash provided by (used in) financing activities	−909	−651	268	−264	370
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	−2	3	3	−24	−127,000
Net change in cash, cash equivalents, and restricted cash	−81	−22	16	−54	51

Filings

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