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PTCPTC

Legal name
PTC Inc.
Sector
Technology
Industry
Services-Prepackaged Software
Exchange
Nasdaq

Stock Price $PTC

Latest filings

You are here#82 of 89 in Technology by market cap

Filing record · 2016–202610-K1010-Q338-K130

PTC filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 130 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Feb ’18Feb ’18
  2. Material agreement8-K · Feb ’20Feb ’20
  3. Deal closed8-K · May ’22May ’22
  4. Leadership change8-K · Dec ’25Dec ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  18. $2.74B
YoY changeLargest recent move+23.9%in FY21Latest +19.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All PTC Financial Metrics58 metrics

Income Statement17

Balance Sheet24

Cash Flow13

Per Share4

02—Overview

PTC Financial Overview 2021–2025

Updated Nov 4, 2026

PTC's revenue jumped 19% in FY2025, yet ARR rose only 10%. That gap matters. On-premises subscription licenses are recognized up front, so reported revenue can run ahead of the underlying business in any single year. The core thesis: cash flow, not the income statement, is the cleaner read, and cash flow is compounding. FY2025 free cash flow reached $856.7 milliona, up 16%, with 95% of revenue recurring.

The long arc is steep. Revenue grew from $1.81 billion in FY2021 to $2.74 billionb in FY2025. Free cash flow climbed from $344.1 million to $856.7 million over the same stretch, nearly 2.5x. Profitability followed: operating income hit $982.4 million in FY2025 versus $588.1 million in FY2024, lifting operating margin to 36% from 26%. Diluted EPS rose 95% to $6.08.

Management also cleaned up the balance sheet. Total debt fell to $1.20 billionc from $1.75 billion after the $500 million 2025 senior notes were redeemed. PTC still repurchased $300 million of stock during the year.

The market priced that momentum richly. At the close of FY2025 (September 29, 2025), shares closed at $203.02d, or 33.4x earnings, for a market cap of $24.3 billion.

Recent Developments (Q2 and Q3 2026)

PTC's biggest event was the March 2026 sale of Kepware and ThingWorx for $530.8 million, which lifted Q2 2026 GAAP EPS to $4.98e from $1.35. The sale cut Q3 2026 revenue to $600.0 million from $643.9 million. Excluding divested units, ARR grew 9.1% in constant currency, above guidance. Buybacks hit $1,326.2 million over nine months, and debt rose to $1.43 billion. On October 4, 2026, Schneider Electric agreed to acquire PTC for $205 per share in cash, a 42.3% premium, valuing equity at about $22.6 billion. Closing is expected by Q3 2027, and a $700 million termination fee applies.

Bull case: the deal pays a clear premium to the $122.97 close, and underlying ARR and cash flow beat guidance. Bear case: at 20.2x earnings as of the July 30, 2026 report date, the stock was not richly valued, and the deal requires shareholder, HSR and CFIUS approvals, so closing is not assured.

What to watch: shareholder vote and HSR/CFIUS clearance timing; Q4 2026 revenue against the $630 million to $690 million guidance

03—Filings

Recent SEC Filings

  1. 8-KPTC 8-K Report, Material Agreement (Oct 5, 2026)PTC Inc. (PTC) entered into an Agreement and Plan of Merger on October 4, 2026, with Schneider Electric SE and Grand Slam Merger Sub, Inc., a wholly owned Schneider Electric subsidiary. Under the agreement, Merger Sub will merge into PTC, and PTC will survive as a wholly owned subsidiary of Schneider Electric. At the effective time, each share of PTC common stock will be converted into the right to receive $205 in cash, without interest, subject to applicable withholding taxes. Upon closing, the stock will be delisted from the Nasdaq Global Market and deregistered under the Exchange Act. The merger is subject to approval by holders of a majority of outstanding PTC shares, antitrust and foreign investment clearances (including HSR and CFIUS), and other customary conditions. The merger is not conditioned on financing. Schneider Electric has obtained a $25 billion bridge term loan commitment from Morgan Stanley Europe SE and Société Générale. PTC has agreed to pay Schneider Electric a $700 million termination fee in specified circumstances, including if PTC accepts a Superior Offer or the Board changes its recommendation. The agreement also restricts PTC's ability to solicit competing proposals. The joint press release states that the $205 per share price represents a 42.3% premium to PTC's last closing price and a 46.1% premium to the 30-trading-day VWAP prior to announcement, valuing PTC's equity at approximately $22.6 billion and implying an enterprise value of $23.7 billion. Closing is anticipated by Q3 2027.
  2. 8-KPTC 8-K Report, Financial Results (Jul 29, 2026)PTC Inc. filed an 8-K on July 29, 2026 furnishing a press release announcing results for its third fiscal quarter ended June 30, 2026. Q3'26 total revenue was $600.0 million, down from $643.9 million a year earlier, and GAAP diluted EPS was $1.03 versus $1.17. Constant currency ARR excluding divested businesses reached $2,448 million, up 9.1% year over year and above the 8% to 9% guidance range, while as-reported ARR was flat year over year. Operating cash flow was $261 million and free cash flow was $249 million, up 7% and 3% respectively, both above the high end of guidance ranges. Management raised FY'26 guidance for constant currency ARR growth (now 9% to 9.5%), revenue ($2,690 million to $2,750 million), and GAAP and non-GAAP EPS ($8.46 to $9.18 and $7.87 to $8.42), while reaffirming cash flow guidance of about $880 million in operating cash flow and about $850 million in free cash flow. The company repurchased about $525 million of shares in Q3'26 and expects total FY'26 repurchases of about $1.625 billion, with fully diluted shares falling to about 116 million from 121 million in FY'25. The FY'26 GAAP results include a $463 million gain on the sale of the Kepware and ThingWorx businesses, which closed March 13, 2026. The quarter's revenue and margin declines reflect the divestitures and ASC 606 revenue timing, with GAAP operating margin of 28% versus 33% a year earlier. Investors will be watching whether ARR growth can be sustained and whether the Intelligent Product Lifecycle strategy and AI initiatives translate into durable subscription growth.
  3. 8-KPTC 8-K Report, Financial Results (May 6, 2026)PTC Inc. reported results for its second fiscal quarter ended March 31, 2026 (Exhibit 99.1, press release dated May 6, 2026). Total revenue was $774.3 million versus $636.4 million a year earlier, GAAP net income was $590.7 million (diluted EPS $4.98), and non-GAAP diluted EPS was $2.69 versus $1.79. The GAAP results were lifted by a $462.6 million gain on the sale of the Kepware and ThingWorx businesses, which closed March 13, 2026. Constant currency ARR excluding divested businesses grew 8.5% year over year to $2.388 billion, and operating cash flow and free cash flow each rose 14%, to $320.9 million and $318.2 million respectively. Management reaffirmed FY'26 guidance for constant currency ARR growth of 7.5% to 9.5% and raised the GAAP EPS range to $7.21 to $9.70 from $6.94 to $9.66, reflecting the divestiture gain. Non-GAAP EPS guidance moved to $6.65 to $8.90 from $6.36 to $8.84. Revenue guidance was raised to $2.58 billion to $2.82 billion from $2.54 billion to $2.81 billion. Operating cash flow guidance of about $880 million and free cash flow guidance of about $850 million were unchanged. The company repurchased $626.1 million of stock in the quarter and expects total FY'26 repurchases of $1.225 billion to $1.325 billion. Separately, on May 4, 2026 the Board authorized up to $2.0 billion of share repurchases for October 1, 2026 through September 30, 2028, and extended the existing repurchase authorization, announced November 6, 2024, to expire September 30, 2026.
  4. 8-KPTC 8-K Report, Regulation FD Disclosure (Mar 16, 2026)On March 16, 2026, PTC (NASDAQ: PTC) announced it completed the sale of its Kepware industrial connectivity and ThingWorx Internet of Things (IoT) businesses to an affiliate of TPG, and updated its second-quarter and full-year fiscal 2026 guidance and share repurchase expectations to reflect the divestiture and use of proceeds. PTC received cash proceeds of $523 million at closing, reflecting closing adjustments of $42 million related to working capital and indebtedness. Net after-tax transaction proceeds are expected to be approximately $375 million, after approximately $40 million of divestiture-related costs and approximately $110 million of cash taxes. PTC will use the net after-tax proceeds for share repurchases, including a planned $375 million accelerated share repurchase agreement in Q2'26 with final settlement expected in Q3'26. The company expects to repurchase approximately $250 million of common stock in Q2'26 and approximately $1.125 billion to $1.325 billion of shares in FY'26 in total. Q2'26 fully diluted shares are expected to decline to approximately 118 million from 121 million in Q2'25. The guidance update reduces FY'26 operating cash flow guidance from approximately $1,030 million to approximately $880 million and free cash flow guidance from approximately $1,000 million to approximately $850 million, reflecting divestiture-related outflows that are not expected to recur. FY'26 revenue guidance moves to $2,540 million to $2,805 million from $2,675 million to $2,940 million, and GAAP EPS guidance rises to $6.94 to $9.66 from $4.42 to $6.93, including a $464 million gain on the sale. Non-GAAP EPS guidance is $6.36 to $8.84, compared with $6.69 to $9.15 previously. The company states there are no other changes to its February 4, 2026 guidance.
  5. 8-KPTC 8-K Report, Shareholder Vote Results (Feb 11, 2026)PTC Inc. reported the results of its Annual Meeting of Shareholders, held on February 11, 2026, under Item 5.07 of this Form 8-K. Shareholders voted on three proposals: the election of eight directors to serve until the 2027 Annual Meeting, an advisory Say-on-Pay vote on named executive officer compensation, and an advisory vote to confirm PricewaterhouseCoopers LLP as the independent registered public accounting firm for 2026. All eight director nominees received more votes For than Withheld. Janice Chaffin drew the most Withheld votes among the nominees, at 8,347,454, while Trac Pham had the fewest, at 91,610. Each director nominee also faced 4,520,218 broker non-votes. For the Say-on-Pay proposal, 97,603,267 votes were cast For, 8,087,505 Against, and 117,065 Abstain, with 4,520,218 broker non-votes. For the auditor ratification, 98,501,754 votes were For, 11,788,728 Against, and 37,573 Abstain, with no broker non-votes reported. The filing reports these vote tallies only and does not describe any board action or other consequences.
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View all filings (10-K, 10-Q, 8-K, proxy & more) →

04—See also

Related Companies

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