Short answer
PTC Inc. (PTC) filed its Q1 2025 10-Q quarterly report on May 1, 2025 for the quarter ended Mar 31, 2025. Quarterly revenue was $636M (up 5.5% year over year) with net income of $163M.
Q1 2025 key financials · XBRL
- Revenue
- $636M
- +5.5% YoY · +12.6% QoQ
- Net income
- $163M
- +42.1% YoY · +97.8% QoQ
- Operating margin
- 35.1%
- Gross margin
- 83.3%
- EPS (diluted)
- $1.34
- +41.1% YoY · +97.1% QoQ
Source: XBRL data from the PTC Inc. (PTC) Q1 2025 10-Q on SEC EDGAR. USD.
PTC Inc. Q1 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue not explicitly stated; GAAP gross margin $530.1M Q2'25 vs $493.0M Q2'24, up $37.1M YoY
- GAAP operating margin 35.1% Q2'25 vs 29.8% Q2'24; non-GAAP operating margin 47.0% Q2'25 vs 42.1% Q2'24
- Best segment: Subscription SaaS ARR growth implied, no exact segment revenue disclosed; no worst segment detailed
- Cash and cash equivalents $235.2M Mar 31, 2025 vs $265.8M Sep 30, 2024; Operating cash flow $519.7M 6M FY25 vs $438.1M 6M FY24
- Management plans $300M share repurchases in FY25; redeemed 2025 senior notes by drawing on credit facility; expects liquidity to cover next 12 months
Risk Factors
- Newly added operational risk: $4 million impairment charge in Q2'25 related to sublease of Boston office, triggered by lease asset write-down
- Most materially updated financial risk: Debt repayments of $155 million and $75 million share repurchases in Q2'25, reflecting improved liquidity and capital allocation
- Most impactful regulatory risk: Potential higher future tax payments if U.S. IRS does not consent to requested accounting method change, impacting operating cash flow
- Competitive risk: Ongoing shift from professional services delivery to partner-leveraged model, causing 10% decrease in professional services revenue
- Market risk: Currency translation affects approximately 50% of revenue and 35% of expenses; Q2’25 constant currency revenue growth 8% vs 6% actual currency
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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