Company file · PTC
PTC
PTC's revenue rose 19.2% in FY2025, to $2.7B, and net income rose 95.0% to $734M
Revenue rose 19.2% to $2.7B in FY2025, from $2.3B in FY2024. Net income rose 95.0% to $734M. Product Lifecycle Management was the largest product or service, at 64% of revenue.
Key facts
PTC (Nasdaq: PTC) reported revenue of $2.7B for fiscal 2025, the year ended Sep 30, 2025, up 19.2% from fiscal 2024. Net income was $734M, up 95.0%. In its latest 10-Q, for the quarter ended Jun 30, 2026, revenue was $600M, down 6.8% from the same quarter a year earlier, and net income was $119M. The largest piece by product or service was Product Lifecycle Management, at 64% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Nov 21, 2025) and 10-Q for the quarter ended Jun 30, 2026 (filed Jul 31, 2026).
Source: 10-K FY2025, filed Nov 21, 2025
Source: 10-Q filed Feb 5, 2026 · 10-Q filed May 7, 2026 · 10-Q filed Jul 31, 2026
How it makes money
By product or service, FY2025
- LineAmountSharevs FY2024
- Product Lifecycle Management$1.7B64%+19.3%
- Computer Aided Design$998M36%+18.9%
Source: 10-K FY2025, XBRL breakdown
By product or service in FY2025: Product Lifecycle Management (64%) and Computer Aided Design (36%), as shares of total revenue. Total revenue was $2.7B.
Source: 10-K FY2025
By region, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q3 FY2026 (Apr to Jun 2026) compared with Q3 FY2025 (Apr to Jun 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q3 FY2026Q3 FY2025
Company
Source: PTC 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026
By product or service
Source: PTC 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026
The bull case and the bear case
The bull case
- Revenue rose 19.2% in FY2025 to $2.7B, from $2.3B a year earlier. 10-K, FY2025
- Net income rose 95.0% in FY2025 to $734M, from $376M. 10-K, FY2025
- Operating cash flow rose 15.7% in FY2025 to $868M. 10-K, FY2025
- Total debt fell 31.5% in FY2025 to $1.2B. 10-K, FY2025
The bear case
- Revenue in the quarter ended Jun 30, 2026 was $600M, down 6.8% on a year earlier. 10-Q, quarter ended Jun 30, 2026
- Net income in the quarter ended Jun 30, 2026 was $119M, down 16.0% on a year earlier. 10-Q, quarter ended Jun 30, 2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition and AI; renewals; security incidents. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
PTC is in the application software industry, part of the information technology sector. The SEC files it under Services-Prepackaged Software.
The full description of PTC's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.
Its fiscal year ends in September; the latest, FY2025, ended Sep 30, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the application software industry. They are not a summary of PTC’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Competition and AIRivals, open-source products and shifts such as AI can change which products customers choose.
- RenewalsSubscription revenue depends on customers renewing and expanding.
- Security incidentsA breach or outage can harm customers and its reputation.
- Sales executionGrowth depends on adding customers and selling more to existing ones.
- PricingCustomers may negotiate lower prices or switch to cheaper products.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $2.1B | $2.3B | $2.7B |
| Net income | $246M | $376M | $734M |
| Operating cash flow | $611M | $750M | $868M |
| Cash & equivalents (year end) | $288M | $266M | $184M |
| Total debt (year end) | $1.7B | $1.7B | $1.2B |
| Diluted shares | 119M | 121M | 121M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Short-term and long-term debt combined, at carrying value, as the company totals it.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator · Market cap calculator · Free cash flow calculator · Return on equity and assets calculator
Explainers for this page
- Net debt and net cash
- Debt-to-equity ratio
- The cash flow statement
- Risk factors (Item 1A)
- Revenue recognition (ASC 606)
- Return on invested capital (ROIC)
- Earnings releases
Plain-English guides to terms this file uses, with real numbers from filings.
About these numbers
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Jul 31, 2026 | Jun 30, 2026 |
| 10-Q | May 7, 2026 | Mar 31, 2026 |
| 10-Q | Feb 5, 2026 | Dec 31, 2025 |
| DEF 14A | Dec 23, 2025 | Feb 11, 2026 |
| 10-K | Nov 21, 2025 | Sep 30, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about PTC
How does PTC make money?
PTC's revenue was $2.7B in fiscal 2025. By product or service in FY2025: Product Lifecycle Management (64%) and Computer Aided Design (36%), as shares of total revenue. Total revenue was $2.7B. Source: 10-K for fiscal 2025, filed Nov 21, 2025.
What was PTC's revenue in fiscal 2025?
$2.7B of revenue for the fiscal year ended Sep 30, 2025, up 19.2% from $2.3B in fiscal 2024. Fiscal 2023 was $2.1B. Source: 10-K for fiscal 2025, filed Nov 21, 2025.
Is PTC profitable?
PTC reported net income of $734M for fiscal 2025, up 95.0% from $376M in fiscal 2024. That is a profit under US accounting rules (GAAP). In the quarter ended Jun 30, 2026, net income was $119M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Nov 21, 2025.
What did PTC report in its latest quarterly filing?
Revenue was $600M in the quarter ended Jun 30, 2026, down 6.8% from $644M a year earlier. Net income was $119M, down 16.0% from $141M. Source: 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026.
How much cash and debt does PTC have?
PTC had $351M in cash and cash equivalents and $1.4B of total debt on Jun 30, 2026. Total debt here is short-term and long-term debt combined, at carrying value, as the company totals it. Source: 10-Q filed Jul 31, 2026.
What are the main risks PTC faces?
PTC's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Nov 21, 2025. Risks that are common among companies in the application software industry include Competition and AI; renewals; security incidents; sales execution; pricing. The first: Rivals, open-source products and shifts such as AI can change which products customers choose. Source: 10-K, Item 1A Risk Factors.
Where do these PTC numbers come from?
From PTC's own SEC filings: the 10-K for fiscal 2025 (filed Nov 21, 2025) and the 10-Q for the quarter ended Jun 30, 2026 (filed Jul 31, 2026), read through the SEC's public XBRL data. Each number on this page links to its filing. Methodology explains how fiscal years and missing numbers are handled.
Tracked funds that report owning PTC
- Citadel Advisors: 2,274,229 shares, reported value $258.4M at Jun 30, 2026 (+290.0% in shares since the filing for Mar 31, 2026). Form 13F filed Sep 2, 2026.
- Point72 Asset Management: 341,325 shares, reported value $38.8M at Jun 30, 2026 (new in this filing). Form 13F filed Aug 14, 2026.
- Renaissance Technologies: 271,600 shares, reported value $30.9M at Jun 30, 2026 (−30.2% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 13, 2026.
- Two Sigma Investments: 251,464 shares, reported value $28.6M at Jun 30, 2026 (+7,802.7% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- Millennium Management: 110,407 shares, reported value $12.5M at Jun 30, 2026 (+39.4% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
- ARK Investment Management: 21,049 shares, reported value $2.4M at Jun 30, 2026 (+7.6% in shares since the filing for Mar 31, 2026). Form 13F filed Aug 14, 2026.
From each fund’s latest Form 13F, which is filed up to 45 days after quarter end and lists long positions in US-listed stocks only. A listing here is a fact about a filing, not a view on the stock. What a 13F does and doesn’t show.
Disclosures
- Editor holdings in PTC
- The editor holds no position in PTC (PTC). As of Nov 11, 2026.
- Trading rule
- The editor does not buy or sell PTC from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Nov 10, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold PTC, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| PTC | FY2025 | $2.7B | +19.2% | $734M |
| PalantirPLTR | FY2025 | $4.5B | +56.2% | $1.6B |
| OracleORCL | FY2026 | $67.4B | +17.3% | $17.1B |
| SalesforceCRM | FY2026 | $41.5B | +9.6% | $7.5B |
| DatadogDDOG | FY2025 | $3.4B | +27.7% | $108M |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
More company files
- AAPL Apple
- MSFT Microsoft
- CSCO Cisco
- PANW Palo Alto Networks
- DELL
- IBM
- ANET Arista Networks
- NOW ServiceNow
- ADBE Adobe
- INTU Intuit
- ACN Accenture
- CRWD CrowdStrike
- APH Amphenol
- WDC Western Digital
- FTNT Fortinet
- CDNS Cadence Design Systems
- SNPS Synopsys
- GLW Corning
- HPE Hewlett Packard Enterprise
- STX Seagate Technology
- MSI Motorola Solutions
- LITE Lumentum
- KEYS Keysight Technologies
- ADSK Autodesk
- CIEN Ciena
- WDAY Workday
- COHR Coherent
- P Everpure
- NTAP NetApp
- ROP Roper Technologies
New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.