← Filings of PTC
Tables in the 10-Q of PTC INC.
44 tables with numbers, filed May 1, 2025. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
Table 1 after “For the Quarter Ended March 31, 2025”
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| | PageNumber |
| Part I—FINANCIAL INFORMATION | | |
| Item 1. | Unaudited Condensed Consolidated Financial Statements: | 1 |
| Consolidated Balance Sheets as of March 31, 2025 and September 30, 2024 | 1 |
| Consolidated Statements of Operations for the three and six months ended March 31, 2025 and March 31, 2024 | 2 |
| Consolidated Statements of Comprehensive Income for the three and six months ended March 31, 2025 and March 31, 2024 | 3 |
| Consolidated Statements of Cash Flows for the six months ended March 31, 2025 and March 31, 2024 | 4 |
| Consolidated Statements of Stockholders' Equity for the three and six months ended March 31, 2025 and March 31, 2024 | 5 |
First 8 of 18 rows. The CSV has all of them.
| March 31, 2025 | | September 30, 2024 | |
| ASSETS | | | | |
| Current assets: | | | | |
| Cash and cash equivalents | $235,169 | | $265,808 | |
| Accounts receivable, net of allowance for doubtful accounts of $1,272 and $1,180 at March 31, 2025 and September 30, 2024, respectively | | 716,624 | | 861,953 |
| Prepaid expenses | | 114,624 | | 102,931 |
| Other current assets | | 66,392 | | 68,013 |
| Total current assets | | 1,132,809 | | 1,298,705 |
First 8 of 40 rows. The CSV has all of them.
| Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Revenue: | | | | | | | |
| License | $254,395 | | $234,321 | | $427,149 | $418,319 | |
| Support and cloud services | | 352,990 | | 336,446 | | 713,952 | 666,915 |
| Total software revenue | | 607,385 | | 570,767 | | 1,141,101 | 1,085,234 |
| Professional services | | 28,981 | | 32,305 | | 60,393 | 68,052 |
| Total revenue | | 636,366 | | 603,072 | | 1,201,494 | 1,153,286 |
First 8 of 32 rows. The CSV has all of them.
| Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Net income | $162,644 | | $114,445 | | $244,876 | $180,832 | |
| Other comprehensive income (loss), net of tax: | | | | | | | |
| Hedge gain (loss) arising during the period, net of tax of $4.9 million and $(2.1) million in the second quarter of 2025 and 2024, respectively, and $(3.3) million and $1.7 million in the first six months of 2025 and 2024, respectively | | (15,014) | | 6,432 | | 10,226 | (5,079) |
| Foreign currency translation adjustment, net of tax of $0 for each period | | 36,202 | | (24,792) | | (27,795) | 9,882 |
| Change in pension benefit, net of tax of $0.0 million and $0.0 million in the second quarter of 2025 and 2024, respectively, and $(0.1) million and $0.0 million in the first six months of 2025 and 2024, respectively | | (313) | | 216 | | 531 | (6) |
| Other comprehensive income (loss) | | 20,875 | | (18,144) | | (17,038) | 4,797 |
First 8 of 9 rows. The CSV has all of them.
| Six months ended | | | |
| March 31, 2025 | | March 31, 2024 | |
| Cash flows from operating activities: | | | | |
| Net income | $244,876 | | $180,832 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | |
| Depreciation and amortization | | 51,263 | | 54,144 |
| Amortization of right-of-use lease assets | | 16,165 | | 15,459 |
| Stock-based compensation | | 107,363 | | 113,204 |
First 8 of 40 rows. The CSV has all of them.
| Three months ended March 31, 2025 | | | | | | | | | | | | | | |
| Common Stock | | | | | | | Accumulated | | | | | | | |
| Shares | | Amount | | | Additional Paid-In Capital | | Retained Earnings | | Other Comprehensive Loss | | Total Stockholders’ Equity | | | |
| Balance as of December 31, 2024 | | 120,219 | | $1,202 | | | $1,936,411 | | $1,431,842 | | $(139,634) | | $3,229,821 | | |
| Common stock issued for employee stock-based awards | | 115 | | | 1 | | | (1) | | | — | | | — | — |
| Shares surrendered by employees to pay taxes related to stock-based awards | | (34) | | | — | | | (6,128) | | | — | | | — | (6,128) |
| Common stock issued for employee stock purchase plan | | 89 | | | 1 | | | 13,306 | | | — | | | — | 13,307 |
| Compensation expense from stock-based awards | | — | | | — | | | 41,278 | | | — | | | — | 41,278 |
First 8 of 14 rows. The CSV has all of them.
| Six months ended March 31, 2025 | | | | | | | | | | | | | | |
| Common Stock | | | | | | | Accumulated | | | | | | | |
| Shares | | Amount | | | Additional Paid-In Capital | | Retained Earnings | | Other Comprehensive Loss | | Total Stockholders’ Equity | | | |
| Balance as of September 30, 2024 | | 120,155 | | $1,202 | | | $1,965,307 | | $1,349,610 | | $(101,721) | | $3,214,398 | | |
| Common stock issued for employee stock-based awards | | 810 | | | 8 | | | (8) | | | — | | | — | — |
| Shares surrendered by employees to pay taxes related to stock-based awards | | (282) | | | (3) | | | (53,318) | | | — | | | — | (53,321) |
| Common stock issued for employee stock purchase plan | | 89 | | | 1 | | | 13,306 | | | — | | | — | 13,307 |
| Compensation expense from stock-based awards | | — | | | — | | | 134,575 | | | — | | | — | 134,575 |
First 8 of 14 rows. The CSV has all of them.
| Three months ended March 31, 2024 | | | | | | | | | | | | | | |
| Common Stock | | | | | | | Accumulated | | | | | | | |
| Shares | | Amount | | | Additional Paid-In Capital | | Retained Earnings | | Other Comprehensive Loss | | Total Stockholders’ Equity | | | |
| Balance as of December 31, 2023 | | 119,445 | | $1,194 | | | $1,860,934 | | $1,039,664 | | $(95,139) | | $2,806,653 | | |
| Common stock issued for employee stock-based awards | | 266 | | | 3 | | | (3) | | | — | | | — | — |
| Shares surrendered by employees to pay taxes related to stock-based awards | | (96) | | | (1) | | | (17,537) | | | — | | | — | (17,538) |
| Common stock issued for employee stock purchase plan | | 102 | | | 1 | | | 12,708 | | | — | | | — | 12,709 |
| Compensation expense from stock-based awards | | — | | | — | | | 45,007 | | | — | | | — | 45,007 |
First 8 of 13 rows. The CSV has all of them.
| Six months ended March 31, 2024 | | | | | | | | | | | | | | |
| Common Stock | | | | | | | Accumulated | | | | | | | |
| Shares | | Amount | | | Additional Paid-In Capital | | Retained Earnings | | Other Comprehensive Loss | | Total Stockholders’ Equity | | | |
| Balance as of September 30, 2023 | | 118,846 | | $1,188 | | | $1,820,905 | | $973,277 | | $(118,080) | | $2,677,290 | | |
| Common stock issued for employee stock-based awards | | 1,216 | | | 13 | | | (13) | | | — | | | — | — |
| Shares surrendered by employees to pay taxes related to stock-based awards | | (447) | | | (5) | | | (71,869) | | | — | | | — | (71,874) |
| Common stock issued for employee stock purchase plan | | 102 | | | 1 | | | 12,708 | | | — | | | — | 12,709 |
| Compensation expense from stock-based awards | | — | | | — | | | 139,378 | | | — | | | — | 139,378 |
First 8 of 13 rows. The CSV has all of them.
Table 10 after “ntract Assets and Contract Liabilities”
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| (in thousands) | March 31, 2025 | September 30, 2024 |
| Short-term and long-term receivables | $920,037 | $1,062,052 |
| Contract asset | $10,225 | $14,410 |
| Deferred revenue | $801,847 | $775,274 |
| (in thousands) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Recurring revenue(1) | $601,549 | | $564,014 | | $1,125,860 | $1,070,041 | |
| Perpetual license | | 5,836 | | 6,753 | | 15,241 | 15,193 |
| Professional services | | 28,981 | | 32,305 | | 60,393 | 68,052 |
| Total revenue | $636,366 | | $603,072 | | $1,201,494 | $1,153,286 | |
Table 12 after “We report revenue by the following two product groups:”
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| (in thousands) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Product lifecycle management (PLM) | $396,149 | | $373,495 | | $749,608 | $722,142 | |
| Computer-aided design (CAD) | | 240,217 | | 229,577 | | 451,886 | 431,144 |
| Total revenue | $636,366 | | $603,072 | | $1,201,494 | $1,153,286 | |
Table 13 after “Our international revenue is presented based on the location of our customer. Revenue for the geographic regions in which we operate is pres”
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| (in thousands) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Americas | $292,823 | | $260,622 | | $570,792 | $527,889 | |
| Europe | | 251,148 | | 257,309 | | 447,172 | 454,262 |
| Asia Pacific | | 92,395 | | 85,141 | | 183,530 | 171,135 |
| Total revenue | $636,366 | | $603,072 | | $1,201,494 | $1,153,286 | |
Table 14 after “Compensation expense recorded for our stock-based awards is classified in our Consolidated Statements of Operations as follows:”
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| (in thousands) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Cost of license revenue | $72 | | $29 | | $106 | $67 | |
| Cost of support and cloud services revenue | | 3,912 | | 3,345 | | 7,970 | 6,727 |
| Cost of professional services revenue | | 1,523 | | 1,660 | | 3,344 | 3,329 |
| Sales and marketing | | 13,545 | | 14,729 | | 31,613 | 30,856 |
| Research and development | | 14,391 | | 13,936 | | 30,546 | 28,174 |
| General and administrative | | 18,069 | | 20,492 | | 33,784 | 44,051 |
First 8 of 9 rows. The CSV has all of them.
Table 15 after “The following table presents the calculation for both basic and diluted EPS:”
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| (in thousands, except per share data) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Net income | $162,644 | | $114,445 | | $244,876 | $180,832 | |
| Weighted-average shares outstanding—Basic | | 120,177 | | 119,587 | | 120,210 | 119,354 |
| Dilutive effect of restricted stock units | | 677 | | 1,125 | | 790 | 1,126 |
| Weighted-average shares outstanding—Diluted | | 120,854 | | 120,712 | | 121,000 | 120,480 |
| Earnings per share—Basic | $1.35 | | $0.96 | | $2.04 | $1.52 | |
| Earnings per share—Diluted | $1.35 | | $0.95 | | $2.02 | $1.50 | |
Table 16 after “Goodwill and acquired intangible assets consisted of the following:”
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| (in thousands) | March 31, 2025 | | September 30, 2024 | | | | | | | | |
| Gross Carrying Amount | | Accumulated Amortization | | Net Book Value | Gross Carrying Amount | Accumulated Amortization | | Net Book Value | | |
| Goodwill | | | | | $3,444,104 | | | | $3,461,891 | | |
| Intangible assets with finite lives: | | | | | | | | | | | |
| Purchased software | $631,889 | | $451,196 | | $180,693 | $634,439 | $436,471 | | $197,968 | | |
| Capitalized software | | 22,877 | | 22,877 | | — | | 22,877 | | 22,877 | — |
| Customer lists and relationships | | 1,135,655 | | 475,455 | | 660,200 | | 1,141,086 | | 457,718 | 683,368 |
| Trademarks and trade names | | 37,780 | | 22,879 | | 14,901 | | 37,961 | | 21,821 | 16,140 |
First 8 of 11 rows. The CSV has all of them.
Table 17 after “Changes in Goodwill were as follows:”
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| (in thousands) | | |
| Balance, October 1, 2024 | $3,461,891 | |
| Foreign currency translation adjustment | | (17,787) |
| Balance, March 31, 2025 | $3,444,104 | |
Table 18 after “The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as fol”
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| (in thousands) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Amortization of acquired intangible assets | $11,380 | | $10,424 | | $22,820 | $20,787 | |
| Cost of revenue | | 8,131 | | 9,584 | | 16,431 | 19,150 |
| Total amortization expense | $19,511 | | $20,008 | | $39,251 | $39,937 | |
Table 19 after “March 31, 2025 and September 30, 2024 were as follows:”
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| (in thousands) | March 31, 2025 | | | | | | |
| Level 1 | | Level 2 | | Level 3 | Total | |
| Financial assets: | | | | | | | |
| Cash equivalents(1) | $73,936 | | $— | | $— | $73,936 | |
| Forward contracts | | — | | 6,001 | | — | 6,001 |
| $73,936 | | $6,001 | | $— | $79,937 | |
| Financial liabilities: | | | | | | | |
| Forward contracts | | — | | 4,286 | | — | 4,286 |
First 8 of 9 rows. The CSV has all of them.
Table 20 after “March 31, 2025 and September 30, 2024 were as follows:”
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| (in thousands) | September 30, 2024 | | | | | | |
| Level 1 | | Level 2 | | Level 3 | Total | |
| Financial assets: | | | | | | | |
| Cash equivalents(1) | $48,509 | | $— | | $— | $48,509 | |
| Forward contracts | | — | | 1,202 | | — | 1,202 |
| $48,509 | | $1,202 | | $— | $49,711 | |
| Financial liabilities: | | | | | | | |
| Forward contracts | | — | | 4,166 | | — | 4,166 |
First 8 of 9 rows. The CSV has all of them.
Table 21 after “The following table shows our derivative instruments measured at gross fair value as reflected in the Consolidated Balance Sheets:”
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| (in thousands) | Fair Value of Derivatives Designated As Hedging Instruments | Fair Value of Derivatives Not Designated As Hedging Instruments | | |
| March 31, 2025 | September 30, 2024 | March 31, 2025 | September 30, 2024 |
| Derivative assets(1): | | | | |
| Forward contracts | $3,170 | $181 | $2,831 | $1,021 |
| Derivative liabilities(2): | | | | |
| Forward contracts | $— | $630 | $4,286 | $3,536 |
Table 22 after “March 31, 2025 and September 30, 2024, we had outstanding forward contracts not designated as hedging instruments with notional amounts equi”
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| Currency Hedged (in thousands) | March 31, 2025 | | September 30, 2024 | |
| Euro / U.S. Dollar | $764,722 | | $781,398 | |
| British Pound / U.S. Dollar | | 16,391 | | 24,810 |
| Israeli Shekel / U.S. Dollar | | 13,615 | | 12,535 |
| Japanese Yen / U.S. Dollar | | 27,008 | | 42,340 |
| Swiss Franc / U.S. Dollar | | 5,319 | | 74,939 |
| Swedish Krona / U.S. Dollar | | 16,036 | | 48,596 |
| Chinese Renminbi / U.S. Dollar | | 3,891 | | 32,124 |
First 8 of 11 rows. The CSV has all of them.
Table 23 after “three and six months ended March 31, 2025 and March 31, 2024:”
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| (in thousands) | | Three months ended | Six months ended | | |
| Location of Gain (Loss) | March 31, 2025 | March 31, 2024 | March 31, 2025 | March 31, 2024 |
| Net realized and unrealized loss, excluding the underlying foreign currency exposure being hedged | Other income (expense), net | $(917) | $(1,286) | $(360) | $(5,022) |
Table 24 after “March 31, 2025 and September 30, 2024, we had outstanding forward contracts designated as net investment hedges with notional amounts equiva”
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| Currency Hedged (in thousands) | March 31, 2025 | | September 30, 2024 | |
| Euro / U.S. Dollar | $443,398 | | $462,894 | |
| Japanese Yen / U.S. Dollar | | 10,102 | | 10,739 |
| Total | $453,500 | | $473,633 | |
Table 25 after “three and six months ended March 31, 2025 and March 31, 2024:”
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| (in thousands) | | Three months ended | Six months ended | | |
| Location of Gain (Loss) | March 31, 2025 | March 31, 2024 | March 31, 2025 | March 31, 2024 |
| Gain (loss) recognized in Other comprehensive income (loss) ("OCI") | OCI | $(19,898) | $8,552 | $13,550 | $(6,752) |
| Gain (loss) reclassified from OCI to earnings | n/a | $— | $— | $— | $— |
| Gain recognized, excluded portion | Other income (expense), net | $1,254 | $1,079 | $2,329 | $2,215 |
| (in thousands) | Gross Amounts Offset in the Consolidated Balance Sheets | | Gross Amounts Not Offset in the Consolidated Balance Sheets | | | |
| As of March 31, 2025 | Gross Amount of Recognized Assets | Gross Amounts Offset in the Consolidated Balance Sheets | Net Amounts of Assets Presented in the Consolidated Balance Sheets | Financial Instruments | Cash Collateral Received | Net Amount |
| Forward contracts | $6,001 | $— | $6,001 | $(4,286) | $— | $1,715 |
| (in thousands) | Gross Amounts Offset in the Consolidated Balance Sheets | | Gross Amounts Not Offset in the Consolidated Balance Sheets | | | |
| As of March 31, 2025 | Gross Amount of Recognized Liabilities | Gross Amounts Offset in the Consolidated Balance Sheets | Net Amounts of Liabilities Presented in the Consolidated Balance Sheets | Financial Instruments | Cash Collateral Pledged | Net Amount |
| Forward contracts | $4,286 | $— | $4,286 | $(4,286) | $— | $— |
| (in thousands) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| Income before income taxes | $205,249 | | $145,745 | | $298,403 | $231,344 | |
| Provision for income taxes | $42,605 | | $31,300 | | $53,527 | $50,512 | |
| Effective income tax rate | | 21% | | 21% | | 18% | 22% |
Table 29 after “March 31, 2025 and September 30, 2024, we had the following debt obligations:”
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| (in thousands) | March 31, 2025 | | September 30, 2024 | |
| 4.000% Senior notes due 2028 | $500,000 | | $500,000 | |
| 3.625% Senior notes due 2025 | | — | | 500,000 |
| Credit facility revolver line(1)(2) | | 411,250 | | 262,000 |
| Credit facility term loan(1)(2) | | 481,250 | | 490,625 |
| Total debt | | 1,392,500 | | 1,752,625 |
| Unamortized debt issuance costs for the senior notes(3) | | (3,107) | | (4,053) |
| Total debt, net of issuance costs(4) | $1,389,393 | | $1,748,572 | |
| (Dollar amounts in millions, except per share data) | Three months ended | | Percent Change | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Actual | | Constant Currency(1) | | |
| ARR | $2,290.1 | | $2,088.5 | | | 10% | | 10% | |
| Total recurring revenue(2) | $601.5 | | $564.0 | | | 7% | | 10% | |
| Perpetual license | | 5.8 | | 6.8 | | | (14)% | | (12)% |
| Professional services | | 29.0 | | 32.3 | | | (10)% | | (9)% |
| Total revenue | | 636.4 | | 603.1 | | | 6% | | 8% |
| Total cost of revenue | | 106.3 | | 110.1 | | | (3)% | | (2)% |
First 8 of 19 rows. The CSV has all of them.
| (Dollar amounts in millions, except per share data) | Six months ended | | Percent Change | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Actual | | Constant Currency(1) | | |
| ARR | $2,290.1 | | $2,088.5 | | | 10% | | 10% | |
| Total recurring revenue(2) | $1,125.9 | | $1,070.0 | | | 5% | | 6% | |
| Perpetual license | | 15.2 | | 15.2 | | | 0% | | 1% |
| Professional services | | 60.4 | | 68.1 | | | (11)% | | (11)% |
| Total revenue | | 1,201.5 | | 1,153.3 | | | 4% | | 5% |
| Total cost of revenue | | 218.1 | | 220.1 | | | (1)% | | (1)% |
First 8 of 19 rows. The CSV has all of them.
| (Dollar amounts in millions) | Three months ended | | Percent Change | | Six months ended | | Percent Change | | | | | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Actual | | Constant Currency | | March 31, 2025 | | | March 31, 2024 | | Actual | Constant Currency | | |
| License | $254.4 | | $234.3 | | | 9% | | 12% | | | $427.1 | | $418.3 | | 2% | 4% | |
| Support and cloud services | | 353.0 | | 336.4 | | | 5% | | | 7% | | | 714.0 | | 666.9 | 7% | 8% |
| Software revenue | | 607.4 | | 570.8 | | | 6% | | | 9% | | | 1,141.1 | | 1,085.2 | 5% | 6% |
| Professional services | | 29.0 | | 32.3 | | | (10)% | | | (9)% | | | 60.4 | | 68.1 | (11)% | (11)% |
| Total revenue | $636.4 | | $603.1 | | | 6% | | 8% | | | $1,201.5 | | $1,153.3 | | 4% | 5% | |
Table 33 after “Software Revenue by Product Group”
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| (Dollar amounts in millions) | Three months ended | | Percent Change | | Six months ended | | Percent Change | | | | | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Actual | | Constant Currency | | March 31, 2025 | | | March 31, 2024 | | Actual | Constant Currency | | |
| PLM | $368.4 | | $343.6 | | | 7% | | 10% | | | $692.0 | | $658.3 | | 5% | 6% | |
| CAD | | 239.0 | | 227.2 | | | 5% | | | 9% | | | 449.1 | | 426.9 | 5% | 7% |
| Software revenue | $607.4 | | $570.8 | | | 6% | | 9% | | | $1,141.1 | | $1,085.2 | | 5% | 6% | |
| (Dollar amounts in millions) | Three months ended | | | | Six months ended | | | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Percent Change | | March 31, 2025 | | March 31, 2024 | | Percent Change | | |
| License gross margin | $243.5 | | $223.7 | | | 9% | | $406.0 | | $397.4 | | | 2% |
| License gross margin percentage | | 96% | | 95% | | | | | 95% | | | 95% | |
| Support and cloud services gross margin | $282.7 | | $269.0 | | | 5% | | $572.3 | | $532.5 | | | 7% |
| Support and cloud services gross margin percentage | | 80% | | 80% | | | | | 80% | | | 80% | |
| Professional services gross margin | $4.0 | | $0.3 | | | 1,389% | | $5.2 | | $3.3 | | | 54% |
| Professional services gross margin percentage | | 14% | | 1% | | | | | 9% | | | 5% | |
First 8 of 12 rows. The CSV has all of them.
| (Dollar amounts in millions) | Three months ended | | | | Six months ended | | | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Percent Change | | March 31, 2025 | | March 31, 2024 | | Percent Change | | |
| Sales and marketing | $125.0 | | $134.5 | | | (7)% | | $282.6 | | $271.4 | | | 4% |
| % of total revenue | | 20% | | 22% | | | | | 24% | | | 24% | |
| Research and development | $111.0 | | $107.0 | | | 4% | | $226.5 | | $212.8 | | | 6% |
| % of total revenue | | 17% | | 18% | | | | | 19% | | | 18% | |
| General and administrative | $55.0 | | $61.5 | | | (11)% | | $108.3 | | $130.7 | | | (17)% |
| % of total revenue | | 9% | | 10% | | | | | 9% | | | 11% | |
First 8 of 13 rows. The CSV has all of them.
| (Dollar amounts in millions) | Three months ended | | Six months ended | | | | | | | |
| March 31, 2025 | March 31, 2024 | Percent Change | | March 31, 2025 | | March 31, 2024 | | Percent Change | |
| Interest expense | $(19.6) | $(31.6) | | (38)% | | $(41.7) | | $(66.9) | | (38)% |
| (Dollar amounts in millions) | Three months ended | | | | Six months ended | | | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Percent Change | | March 31, 2025 | | March 31, 2024 | | Percent Change | | |
| Interest income | $0.8 | | $1.1 | | | (30)% | | $1.7 | | $2.4 | | (29)% | |
| Other income (expense), net | | 0.6 | | (3.3) | | | 118% | | | (0.6) | | (2.4) | 73% |
| Other income (expense), net | $1.4 | | $(2.2) | | | 163% | | $1.1 | | $(0.0) | | 26,825% | |
| (Dollar amounts in millions) | Three months ended | | | | Six months ended | | | | | | | | |
| March 31, 2025 | | March 31, 2024 | | Percent Change | | March 31, 2025 | | March 31, 2024 | | Percent Change | | |
| Income before income taxes | $205.2 | | $145.7 | | | 41% | | $298.4 | | $231.3 | | | 29% |
| Provision for income taxes | $42.6 | | $31.3 | | | 36% | | $53.5 | | $50.5 | | | 6% |
| Effective income tax rate | | 21% | | 21% | | | | | 18% | | | 22% | |
Table 39 after “Liquidity and Capital Resources”
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| (in millions) | March 31, 2025 | | September 30, 2024 | |
| Cash and cash equivalents | $235.2 | | $265.8 | |
| Restricted cash | | 0.6 | | 0.7 |
| Total | $235.7 | | $266.5 | |
| (in millions) | Six months ended | | | |
| March 31, 2025 | | March 31, 2024 | |
| Net cash provided by operating activities | $519.7 | | $438.1 | |
| Net cash provided by (used in) investing activities | $6.7 | | $(103.9) | |
First 8 of 9 rows. The CSV has all of them.
| (in millions) | March 31, 2025 | | September 30, 2024 | |
| 4.000% Senior notes due 2028 | $500.0 | | $500.0 | |
| 3.625% Senior notes due 2025 | | — | | 500.0 |
| Credit facility revolver line | | 411.3 | | 262.0 |
| Credit facility term loan | | 481.3 | | 490.6 |
| Total debt | $1,392.5 | | $1,752.6 | |
| Unamortized debt issuance costs for the senior notes | | (3.1) | | (4.1) |
| Total debt, net of issuance costs | $1,389.4 | | $1,748.6 | |
First 8 of 10 rows. The CSV has all of them.
| (in millions, except per share amounts) | Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| GAAP gross margin | $530.1 | | $493.0 | | $983.4 | $933.2 | |
| Stock-based compensation | | 5.5 | | 5.0 | | 11.4 | 10.1 |
| Amortization of acquired intangible assets included in cost of revenue | | 8.1 | | 9.6 | | 16.4 | 19.2 |
| Non-GAAP gross margin | $543.7 | | $507.6 | | $1,011.3 | $962.5 | |
| GAAP operating income | $223.5 | | $179.6 | | $339.0 | $298.3 | |
| Stock-based compensation | | 51.5 | | 54.2 | | 107.4 | 113.2 |
First 8 of 31 rows. The CSV has all of them.
Table 42 after “Operating margin impact of non-GAAP adjustments:”
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| Three months ended | | Six months ended | | | | |
| March 31, 2025 | | March 31, 2024 | | March 31, 2025 | March 31, 2024 | |
| GAAP operating margin | | 35.1% | | 29.8% | | 28.2% | 25.9% |
| Stock-based compensation | | 8.1% | | 9.0% | | 8.9% | 9.8% |
| Amortization of acquired intangible assets | | 3.1% | | 3.3% | | 3.3% | 3.5% |
| Acquisition and transaction-related charges | | 0.1% | | 0.1% | | 0.1% | 0.2% |
| Impairment and other charges (credits), net | | 0.7% | | 0.0% | | 0.4% | (0.1)% |
| Non-GAAP operating margin | | 47.0% | | 42.1% | | 40.8% | 39.3% |
Table 43 after “The table below shows the shares of our common stock we repurchased in the second quarter of 2025.”
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| Period | Total Number of Shares (or Units) Purchased | | Average Price Paid per Share (or Unit) | | Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs | Approximate Dollar Value of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (1) | |
| January 1, 2025 - January 31, 2025 | | — | | $— | | — | $1,924,999,900 |
| February 1, 2025 - February 28, 2025 | | 195,777 | | $166.00 | | 195,777 | $1,892,501,813 |
| March 1, 2025 - March 31, 2025 | | 266,750 | | $159.33 | | 266,750 | $1,849,999,766 |
| Total | | 462,527 | | $162.15 | | 462,527 | $1,849,999,766 |
| | | Incorporated by Reference | | | |
| Exhibit Number | Description | Filed Herewith | Form | Filling Date | Exhibit | SEC File No. |
| 3.1 | Restated Articles of Organization of PTC Inc. | | 10-K | November 23, 2015 | 3.1 | 0-18059 |
| 3.2 | Amended and Restated By-Laws of PTC Inc. | | 10-K | November 14, 2024 | 3.2 | 0-18059 |
| 4.1 | Indenture dated as of February 13, 2020, between PTC Inc. and Wells Fargo Bank, National Association, as trustee | | 8-K | February 13, 2020 | 4.1 | 0-18059 |
| 4.2 | Form of 4.000% senior unsecured notes due 2028 | | 8-K | February 13, 2020 | 4.3 | 0-18059 |
| 31.1 | Certification of the Chief Executive Officer Pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a) | X | | | | |
| 31.2 | Certification of the Chief Financial Officer Pursuant to Exchange Act Rules 13a-14(a) and 15d-14(a) | X | | | | |
First 8 of 12 rows. The CSV has all of them.