Short answer
PTC Inc. (PTC) filed its Q4 2025 10-Q quarterly report on Feb 5, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $686M (up 21.4% year over year) with net income of $167M.
Q4 2025 key financials · XBRL
- Revenue
- $686M
- +21.4% YoY
- Net income
- $167M
- +102.5% YoY
- Operating margin
- 32.2%
- Gross margin
- 82.8%
- EPS (diluted)
- $1.39
- +104.4% YoY
Source: XBRL data from the PTC Inc. (PTC) Q4 2025 10-Q on SEC EDGAR. USD.
PTC Inc. Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue not explicitly stated; non-GAAP operating margin 45.1% vs 33.9% YoY, GAAP operating margin 32.2% vs 20.4% YoY
- Best segment unspecified; GAAP operating income $221.1M vs $115.5M YoY, non-GAAP operating income $309.6M vs $191.3M YoY
- Cash and cash equivalents increased to $210.3M from $185.0M QoQ, operating cash flow $269.7M vs $238.4M YoY
- Financing cash used $244.1M including $200M stock repurchases versus $324.3M prior year including $75M repurchases
- Management expects cash, operations, and credit facility sufficient for 12 months; plans to use divestiture proceeds for share repurchases
Risk Factors
- New divestiture risk from agreement to sell Kepware and ThingWorx businesses, potentially receiving up to $600 million by April 1, 2026
- Increased income tax risk due to IRS procedural guidance impacting Q1'26, yielding $7 million net tax benefit and higher effective tax rate at 18% vs 12% prior year
- Regulatory risk from enactment of the July 4, 2025 "One Big Beautiful Bill Act" with accelerated tax deductions affecting FY'26 financials
- Operational risk from strategic shift leveraging partners for professional services, causing 27% revenue drop and negative 10% gross margin in Q1'26 professional services line
- Financial risk from currency exposure: 55% revenue and 30% expenses in foreign currencies causing constant currency ARR variance of $6 million in Q1'26
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
Other PTC Inc. quarterly reports
Ask about this quarter
Compare quarters, check guidance or see what insiders and funds did around the report.