PTC Inc. (PTC) Q4 2025 10-Q Quarterly Report
Filed: Feb 5, 2026Period ending Dec 31, 2025
Information Technology
Services-Prepackaged SoftwareSEC EDGAR PTC Inc. (PTC) 10-Q quarterly report for Q4 2025, filed with SEC EDGAR on Feb 5, 2026 for the fiscal period ending Dec 31, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
PTC Inc. Q4 2025 10-Q Analysis
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
PTC Inc. Q4 2025 Quarterly FinancialsXBRL
Revenue
$686M
▲ +21.4% YoY
Net Income
$167M
▲ +102.5% YoY
Net Margin
24.3%
▲ +973bp YoY
Source: XBRL data from PTC Inc. Q4 2025 10-Q filing on SEC EDGAR. All figures in USD.
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