PTC reported that total revenue for the 3 months ended September 30, 2025 was $893,795 thousand, up from $626,547 thousand in the prior-year period, and operating income was $433,569 thousand with a GAAP operating margin of 48.5%.

1. 01

   PTC reported that total revenue for the 3 months ended September 30, 2025 was $893,795 thousand, up from $626,547 thousand in the prior-year period, and operating income was $433,569 thousand with a GAAP operating margin of 48.5%.

2. 02

   The company said operating cash flow for the 12 months in fiscal year 2025 was $867,696 thousand and free cash flow was $856,688 thousand. It added that annual cash flow absorbed approximately $20 million of outflows related to go-to-market realignment.

3. 03

   PTC provided guidance for fiscal 26 constant currency ARR growth of 7% to 9%, operating cash flow of approximately $1.03 billion, and free cash flow of approximately $1 billion, including Kepware and ThingWorx for the full year. The company said it intends to repurchase approximately $200 million of its common stock in Q1.

4. 04

   PTC described the divestiture of its Kepware industrial connectivity and ThingWorx Internet of Things (IoT) businesses as part of its strategic focus on a portfolio centered on CAD, PLM, ALM, and SLM. As of September 30, 2025, debt, net of deferred issuance costs, was $1,197,434 thousand, compared with $1,748,572 thousand in the prior year.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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