PTC Inc. (PTC) financial statements: income statement, balance sheet and cash flow
PTC Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), PTC Inc. reported revenue of $2.7B (+19.2% year on year) and net income of $734.0M (+95.0% year on year).
Income statement
PTC Inc. income statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
License
$1.2B
$806.9M
$747.0M
$782.7M
Support and cloud services
$1.5B
$1.4B
$1.2B
$987.6M
Total software revenue
$2.6B
$2.2B
$1.9B
$1.8B
Professional services
$107.3M
$132.2M
$150.5M
$163.1M
Total revenue
$2.7B
$2.3B
$2.1B
$1.9B
Cost of license revenue
$46.9M
$46.9M
$53.2M
$49.2M
Cost of support and cloud services revenue
$291.8M
$274.6M
$245.0M
$184.8M
Total cost of software revenue
$338.7M
$321.4M
$298.2M
$234.0M
Cost of professional services revenue
$106.3M
$123.4M
$142.8M
$152.0M
Total cost of revenue
$445.0M
$444.8M
$441.0M
$386.0M
Gross margin
$2.3B
$1.9B
$1.7B
$1.5B
Sales and marketing
$566.5M
$559.0M
$530.1M
$485.2M
Research and development
$457.7M
$433.0M
$394.4M
$338.8M
General and administrative
$226.1M
$232.4M
$233.5M
$204.7M
Amortization of acquired intangible assets
$45.9M
$42.0M
$40.0M
$35.0M
Impairment and other charges (credits), net
$15.6M
($802.0K)
($460.0K)
$36.2M
Total operating expenses
$1.3B
$1.3B
$1.2B
$1.1B
Operating income
$982.4M
$588.1M
$458.5M
$447.4M
Interest expense
($77.0M)
($119.7M)
($129.4M)
($54.3M)
Other income, net
$14.8M
$553.0K
$3.5M
$4.0M
Income before income taxes
$920.2M
$469.0M
$332.6M
$397.1M
Provision for income taxes
$186.2M
$92.6M
$87.0M
$84.0M
Net income
$734.0M
$376.3M
$245.5M
$313.1M
Earnings per share-Basic
$6.12
$3.14
$2.07
$2.67
Earnings per share-Diluted
$6.08
$3.12
$2.06
$2.65
Weighted-average shares outstanding—Basic
120.0M
119.7M
118.3M
117.2M
Weighted-average shares outstanding—Diluted
120.8M
120.7M
119.3M
118.2M
PTC Inc. income statement, quarters
Line item
Jun 30, 2026 · Q3
Mar 31, 2026 · Q2
Dec 31, 2025 · Q1
Jun 30, 2025 · Q3
License
$205.8M
$362.7M
$269.7M
$251.5M
Support and cloud services
$370.9M
$387.6M
$393.3M
$369.9M
Total software revenue
$576.7M
$750.3M
$662.9M
$621.3M
Professional services
$23.3M
$24.0M
$22.9M
$22.6M
Total revenue
$600.0M
$774.3M
$685.8M
$643.9M
Total cost of software revenue
$85.8M
$88.9M
$92.6M
$85.5M
Cost of license revenue
$11.0M
$12.0M
$13.3M
$12.1M
Cost of support and cloud services revenue
$74.8M
$76.9M
$79.2M
$73.4M
Cost of professional services revenue
$23.8M
$24.7M
$25.2M
$24.5M
Total cost of revenue
$109.6M
$113.6M
$117.7M
$110.0M
Gross margin
$490.5M
$660.7M
$568.1M
$533.9M
Sales and marketing
$136.3M
$140.1M
$140.9M
$141.8M
Research and development
$115.7M
$124.1M
$120.0M
$116.6M
General and administrative
$60.0M
$88.6M
$74.0M
$54.1M
Amortization of acquired intangible assets
$12.0M
$12.0M
$12.1M
$11.5M
Impairment and other charges, net
$0
$0
—
$0
Total operating expenses
$324.0M
$364.9M
$346.9M
$324.1M
Operating income
$166.5M
$295.8M
$221.1M
$209.8M
Interest expense
($15.8M)
($15.3M)
($17.3M)
($18.4M)
Other income, net
$1.7M
$466.3M
($896.0K)
$2.3M
Income before income taxes
$152.4M
$746.8M
$203.0M
$193.7M
Provision for income taxes
$33.7M
$156.1M
$36.5M
$52.3M
Net income
$118.8M
$590.7M
$166.5M
$141.3M
Earnings per share—Basic
$1.04
$5.00
$1.40
$1.18
Earnings per share—Diluted
$1.03
$4.98
$1.39
$1.17
Weighted-average shares outstanding—Basic
114.7M
118.2M
119.3M
119.9M
Weighted-average shares outstanding—Diluted
115.0M
118.6M
120.0M
120.5M
Balance sheet
PTC Inc. balance sheet, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Cash and cash equivalents
$184.4M
$265.8M
$288.1M
$272.2M
Accounts receivable, net of allowance for doubtful accounts of $1,487 and $1,180 at September 30, 2025 and September 30, 2024, respectively
$1.0B
$862.0M
$811.4M
$636.6M
Prepaid expenses
$119.1M
$102.9M
$96.0M
$88.9M
Other current assets
$78.8M
$68.0M
$81.8M
$71.1M
Total current assets
$1.4B
$1.3B
$1.3B
$1.1B
Property and equipment, net
$60.8M
$75.2M
$88.4M
$98.1M
Goodwill
$3.5B
$3.5B
$3.4B
$2.4B
Acquired intangible assets, net
$824.7M
$897.5M
$941.2M
$382.7M
Deferred tax assets
$194.1M
$159.4M
$123.3M
$256.1M
Operating right-of-use lease assets
$115.0M
$133.3M
$143.0M
$137.8M
Other assets
$545.9M
$357.6M
$357.0M
$390.3M
Total assets
$6.6B
$6.4B
$6.3B
$4.7B
Accounts payable
$11.5M
$24.2M
$43.5M
$40.2M
Accrued expenses and other current liabilities
$136.1M
$129.5M
$132.8M
$117.2M
Accrued compensation and benefits
$199.6M
$173.8M
$160.4M
$104.0M
Accrued income taxes
$28.7M
$40.0M
$14.9M
$5.1M
Current portion of long-term debt
$25.0M
$521.5M
$9.4M
—
Deferred revenue
$812.3M
$754.0M
$665.4M
$503.8M
Short-term lease obligations
$24.2M
$24.2M
$24.7M
$22.0M
Total current liabilities
$1.2B
$1.7B
$1.7B
$792.3M
Long-term debt
$1.2B
$1.2B
$1.7B
$1.4B
Deferred tax liabilities
$30.2M
$32.2M
$29.5M
$28.4M
Long-term deferred revenue
$14.8M
$21.2M
$16.2M
$16.6M
Long-term lease obligations
$148.3M
$157.6M
$168.5M
$167.6M
Other liabilities
$187.9M
$63.8M
$39.8M
$35.8M
Total liabilities
$2.8B
$3.2B
$3.6B
$2.4B
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued
0
0
0
0
Common stock, $0.01 par value; 500,000 shares authorized; 119,536 and 120,155 shares issued and outstanding at September 30, 2025 and September 30, 2024, respectively
1.2M
1.2M
1.2M
1.2M
Additional paid-in capital
$1.8B
$2.0B
$1.8B
$1.7B
Retained earnings
$2.1B
$1.3B
$973.3M
$727.7M
Accumulated other comprehensive loss
($81.2M)
($101.7M)
($118.1M)
($153.5M)
Total stockholders’ equity
$3.8B
$3.2B
$2.7B
$2.3B
Total liabilities and stockholders’ equity
$6.6B
$6.4B
$6.3B
$4.7B
PTC Inc. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Dec 31, 2025
Jun 30, 2025
Cash and cash equivalents
$351.5M
$439.1M
$209.7M
$199.3M
Accounts receivable, net of allowance for doubtful accounts of $2,400 and $1,487 at June 30, 2026 and September 30, 2025, respectively
$824.1M
$852.6M
$804.3M
$712.7M
Prepaid expenses
$114.7M
$134.1M
$158.5M
$109.8M
Other current assets
$81.6M
$78.3M
$69.6M
$67.9M
Total current assets
$1.4B
$1.5B
$1.4B
$1.1B
Property and equipment, net
$62.8M
$54.7M
$57.2M
$65.1M
Goodwill
$3.4B
$3.4B
$3.4B
$3.5B
Acquired intangible assets, net
$765.8M
$783.2M
$804.2M
$844.8M
Deferred tax assets
$100.5M
$66.6M
$74.7M
$209.4M
Operating right-of-use lease assets
$126.0M
$125.3M
$125.4M
$128.9M
Other assets
$688.2M
$600.2M
$565.7M
$394.1M
Total assets
$6.5B
$6.5B
$6.4B
$6.2B
Accounts payable
$34.9M
$14.5M
$20.3M
$8.7M
Accrued expenses and other current liabilities
$300.6M
$154.3M
$130.1M
$126.4M
Accrued compensation and benefits
$168.0M
$127.2M
$126.6M
$182.6M
Accrued income taxes
$85.2M
$118.3M
$39.4M
$101.1M
Current portion of long-term debt
$25.1M
$25.0M
$25.0M
$25.0M
Deferred revenue
$700.3M
$756.7M
$701.6M
$757.9M
Short-term lease obligations
$24.1M
$22.8M
$23.2M
$25.1M
Total current liabilities
$1.3B
$1.2B
$1.1B
$1.2B
Long-term debt
$1.4B
$1.2B
$1.2B
$1.2B
Deferred tax liabilities
$30.2M
$29.8M
$30.2M
$35.7M
Long-term deferred revenue
$12.2M
$14.4M
$10.7M
$19.5M
Long-term lease obligations
$160.3M
$160.3M
$160.1M
$153.2M
Other liabilities
$104.7M
$81.2M
$73.3M
$72.7M
Total liabilities
$3.0B
$2.7B
$2.6B
$2.7B
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued
0
0
0
0
Common stock, $0.01 par value; 500,000 shares authorized; 110,717 and 119,536 shares issued and outstanding at June 30, 2026 and September 30, 2025, respectively
1.1M
1.2M
1.2M
1.2M
Additional paid-in capital
$611.0M
$1.1B
$1.7B
$1.8B
Retained earnings
$3.0B
$2.8B
$2.3B
$1.7B
Accumulated other comprehensive loss
($102.0M)
($92.6M)
($81.1M)
($71.6M)
Total stockholders’ equity
$3.5B
$3.9B
$3.8B
$3.5B
Total liabilities and stockholders’ equity
$6.5B
$6.5B
$6.4B
$6.2B
Cash flow statement
PTC Inc. cash flow statement, fiscal years
Line item
Sep 30, 2025 · FY
Sep 30, 2024 · FY
Sep 30, 2023 · FY
Sep 30, 2022 · FY
Net Income
$734.0M
$376.3M
$245.5M
$313.1M
Depreciation and amortization
$102.5M
$108.1M
$104.8M
$87.7M
Amortization of right-of-use lease assets
$32.9M
$33.3M
$32.4M
$34.3M
Stock-based compensation
$216.2M
$223.5M
$206.5M
$174.9M
Other non-cash items, net
($3.5M)
($1.6M)
($4.1M)
($4.6M)
Provision (benefit) from deferred income taxes
($26.3M)
($39.0M)
$16.7M
$43.0M
Accounts receivable
($121.1M)
($34.6M)
($98.6M)
($165.0M)
Accounts payable and accrued expenses
($636.0K)
($24.4M)
$15.9M
$7.0M
Accrued compensation and benefits
$20.5M
$8.4M
$7.8M
($6.6M)
Deferred revenue
$37.8M
$81.4M
$56.6M
$57.6M
Accrued income taxes
$89.9M
$65.0M
$4.6M
—
Other current assets and prepaid expenses
($8.5M)
($16.1M)
$7.0M
($40.6M)
Operating lease liabilities
($10.3M)
($13.2M)
($1.9M)
($13.6M)
Other noncurrent assets and liabilities
($195.8M)
($17.0M)
$17.7M
($38.4M)
Net cash provided by operating activities
$867.7M
$750.0M
$610.9M
$435.3M
Additions to property and equipment
($11.0M)
($14.4M)
($23.8M)
($19.5M)
Acquisitions of businesses, net of cash acquired
($6.5M)
($93.5M)
($828.3M)
($282.9M)
Settlement of net investment hedges
($20.8M)
($13.1M)
($7.6M)
$24.9M
Other investing activities
$0
$89.0K
$0
$3.4M
Net cash used in investing activities
($38.3M)
($124.8M)
($866.1M)
($201.2M)
Borrowings under credit facility
$860.0M
$1.1B
$1.5B
$264.0M
Repayments of senior notes
($500.0M)
—
—
$0
Repayments of borrowings under credit facility and acquired debt
($913.0M)
($1.0B)
($1.2B)
($355.0M)
Repurchases of common stock
($300.0M)
$0
$0
($125.0M)
Proceeds from issuance of common stock
$26.1M
$25.7M
$21.7M
$21.2M
Payments of withholding taxes in connection with stock-based awards
($80.2M)
($102.0M)
($82.4M)
($69.0M)
Credit facility origination costs
($1.2M)
$0
($13.4M)
—
Payment of deferred acquisition consideration
$0
($620.0M)
—
—
Other financing activity
($239.0K)
($200.0K)
—
—
Net cash provided by (used in) financing activities
($908.5M)
($650.7M)
$268.3M
($264.1M)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
($2.4M)
$3.2M
$2.9M
($24.2M)
Net change in cash, cash equivalents, and restricted cash
($81.5M)
($22.3M)
$15.9M
($54.2M)
Cash, cash equivalents, and restricted cash, beginning of period
$266.5M
$288.8M
$272.9M
$327.0M
Cash, cash equivalents, and restricted cash, end of period
$185.0M
$266.5M
$288.8M
$272.9M
PTC Inc. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · YTD
Dec 31, 2025 · Q1
Jun 30, 2025 · YTD
Net Income
$876.0M
$757.2M
$166.5M
$386.2M
Depreciation and amortization
$74.2M
$50.0M
$25.3M
$76.8M
Amortization of right-of-use lease assets
$25.7M
$17.7M
$8.8M
$24.5M
Stock-based compensation
$185.8M
$126.5M
$57.9M
$161.4M
Gain on divestiture of businesses
($464.6M)
($464.6M)
—
—
Other non-cash items, net
($3.0M)
($2.1M)
($279.0K)
$159.0K
Accounts receivable
$158.2M
$135.4M
$192.0M
$173.6M
Accounts payable and accrued expenses
$214.9M
$81.7M
$73.7M
($21.4M)
Accrued compensation and benefits
($10.3M)
($37.9M)
($36.5M)
$11.0M
Deferred revenue
($104.7M)
($48.6M)
($112.4M)
($16.5M)
Accrued income taxes
$116.1M
$108.9M
($11.0M)
$22.4M
Other current assets and prepaid expenses
($133.2M)
($145.8M)
($148.6M)
$5.5M
Operating lease liabilities
$14.3M
$12.4M
$11.4M
($4.9M)
Other noncurrent assets and liabilities
($98.2M)
($181.0K)
$42.9M
($55.2M)
Net cash provided by operating activities
$851.3M
$590.7M
$269.7M
$763.7M
Additions to property and equipment
($16.3M)
($5.0M)
($2.3M)
($7.5M)
Acquisitions of businesses, net of cash acquired
($3.6M)
—
—
($6.5M)
Contribution to solar energy equity investment
($50.1M)
—
—
—
Settlement of net investment hedges
$26.5M
$16.7M
$3.2M
($14.6M)
Divestiture of businesses
$523.3M
$523.3M
—
—
Net cash provided by (used in) investing activities
$479.8M
$535.0M
$859.0K
($28.6M)
Borrowings under credit facility
$313.8M
$76.3M
$70.0M
$860.0M
Repayments of Senior Notes
$0
$0
—
($500.0M)
Repayments of borrowings under credit facility
($88.8M)
($76.3M)
($70.0M)
($876.7M)
Repurchases of common stock
($1.3B)
($826.2M)
($200.0M)
($225.0M)
Proceeds from issuance of common stock
$13.2M
$13.2M
—
$13.3M
Payments of withholding taxes in connection with stock-based awards
($67.3M)
($52.8M)
($43.0M)
($71.8M)
Other financing activity
($1.0M)
($1.0M)
($1.0M)
($1.4M)
Net cash used in financing activities
($1.2B)
($866.8M)
($244.1M)
($801.6M)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
($7.7M)
($4.1M)
($1.2M)
($125.0K)
Net change in cash, cash equivalents, and restricted cash
$167.0M
$254.7M
$25.3M
($66.6M)
Cash, cash equivalents, and restricted cash, beginning of period
$185.0M
$185.0M
$185.0M
$266.5M
Cash, cash equivalents, and restricted cash, end of period
$352.0M
$439.7M
$210.3M
$199.9M
Withholding taxes in connection with stock-based awards, accrued
$4.3M
—
$7.2M
$6.1M
Operating right-of-use assets obtained in exchange for operating lease liabilities
$32.5M
$25.8M
$18.7M
$15.7M
Investment in solar energy project not yet paid
$134.6M
—
—
—
Repurchase of common stock executed but not settled