PTC Inc
ptc.comWhat Do They Do?
Sells software that helps manufacturers manage product data and development workflows, plus software for designing and testing product models.
10-K for FY2025, filed Nov 21, 2025PLM software products for product data management and process orchestrationView ↗
Our Windchill® PLM application suite manages all aspects of the product development lifecycle—from concept through service and end-of-life.…View ↗
Our Creo® 3D CAD technology enables the digital design, testing, and modification of product models. With its design simulation, additive…View ↗
How Do They Make Money?
Customers buy software subscriptions, perpetual licenses, support, cloud services and professional services; subscription contracts are generally invoiced annually. License revenue is counted when software is made available or a subscription begins; support and cloud services are counted over the contract term, and professional services as delivered.
10-K for FY2025, filed Nov 21, 2025Nature of Products and ServicesView ↗
Point in Time: Upon the later of when the software is made available or the subscription term commencesView ↗
Over Time: Ratably over the contractual term; commencing upon the later of when the software is made available or the subscription term…View ↗
Point in Time: When the software is made availableView ↗
Over Time: As services are providedView ↗
During the year ended September 30, 2025, we recognized $748.8 million of revenue that was included in deferred revenue as of September 30…View ↗
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10-K for FY2025, filed Nov 21, 2025
FY2025 revenue by product or service ↗
$2.7B
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10-K for FY2025, filed Nov 21, 2025
$2.7B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Product lifecycle management (PLM)
|
64%
FY2022: 59%
|
Product lifecycle management (PLM), FY2025
$1.7B Sources
|
|
Computer-aided design (CAD)
|
36%
FY2022: 41%
|
Computer-aided design (CAD), FY2025
$997.9M Sources
|
Who Are Their Customers?
Manufacturers in industrial, aerospace and defense, and automotive markets buy PTC software. Its sales force sells directly to end users, while third-party resellers serve small and medium-size businesses.
Do Revenues Turn Into Profits?
Yes. It kept 27 cents of every revenue dollar as net income in FY2025 and turned 31 cents into free cash flow.
10-K for FY2025, filed Nov 21, 2025
$982.4MView ↗
10-K for FY2025, filed Nov 21, 2025
$734MView ↗
10-K for FY2025, filed Nov 21, 2025
$856.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q3 FY2026, filed Jul 31, 2026
$118.8MView ↗
- ▼ −16%
- vs $141.3M in Q3 FY2025
10-Q for Q3 FY2026, filed Jul 31, 2026
Open tableView ↗
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Jul 29, 2026
PTC raised full-year guidance for ARR, revenue and earnings per share
It reaffirmed cash-flow guidance.
Sources
8-K, filed Jul 29, 2026
Raising FY'26 guidance for ARR, Revenue and EPS, reaffirming Cash Flow guidanceView ↗
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May 6, 2026
PTC lifted full-year revenue and earnings-per-share guidance
Sources
8-K, filed May 6, 2026
Full Fiscal Year 2026 and Third Fiscal Quarter GuidanceView ↗
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Mar 16, 2026
PTC completed the sale of Kepware and ThingWorx
The sale transferred its industrial connectivity and Internet of Things businesses to TPG.
Sources
8-K, filed Mar 16, 2026
BOSTON, MA, March 16, 2026 - PTC (NASDAQ: PTC) today announced it has completed the previously announced sale of the company’s Kepware®…View ↗
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Dec 4, 2025
PTC named a new CFO as the incumbent departed
Jennifer DiRico’s appointment took effect January 1, 2026; Kristian Talvitie’s last day was December 31, 2025.
Sources
8-K, filed Dec 4, 2025
On December 4, 2025, PTC Inc. announced the November 30, 2025 appointment of Jennifer DiRico as the Executive Vice President, Chief…View ↗
Growing. Revenue grew 52% in 4 years, from $1.8B in FY2021 to $2.7B in FY2025, about 11% a year.
Exit from industrial connectivity
The older report describes ThingWorx as an industrial Internet of Things platform; the latest report says PTC agreed to sell ThingWorx and Kepware, moving away from those offerings.
10-K for FY2022, filed Nov 15, 2022 10-K for FY2025, filed Nov 21, 2025Our ThingWorx® platform is flexible and purpose-built for Industrial Internet of Things (IIoT). It offers a rich set of capabilities that…View ↗
On November 5, 2025, we entered into a definitive agreement with an affiliate of TPG, under which we agreed to sell our Kepware and…View ↗
Who Do They Compete With?
Competes with Autodesk, Dassault Systèmes, Siemens, IBM, Jama Software, Oracle, SAP, IFS, Microsoft, and Salesforce
10-K for FY2025, filed Nov 21, 2025We compete with a number of companies whose offerings address one or more specific functional areas covered by our solutions. For…View ↗
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