PTC Inc.

“Our business is based on a subscription model and 95% of our 2025 revenue is recurring in nature.”

“Balance, September 30, 2025 $ 3,493,316”

“We primarily serve customers in the following industry verticals: •Industrials •Federal, Aerospace and Defense •Electronics and High Tech •Automotive •Medical Technology and Life Sciences”

“A large amount of our sales are to customers in the discrete manufacturing sector.”

“Approximately 75% of our sales are from products and services sold directly by our sales force to end-user customers. The rest of our sales of products and services are through third-party resellers.”

“Our Windchill® PLM application suite manages all aspects of the product development lifecycle... Our Creo® 3D CAD technology enables the digital design, testing, and modification of product models.”

“While our Arena, ServiceMax, and Onshape solutions are cloud-native SaaS solutions, and we have introduced our Windchill+ and Creo+ SaaS solutions, customers may not adopt them as we expect.”

“Our sources of revenue include: (1) subscriptions, (2) perpetual licenses, (3) support for perpetual licenses, and (4) professional services. Subscriptions include term-based on-premises licenses and related support, Software-as-a-Service (SaaS), and hosting services.”

“Our most significant foreign currency exposures relate to Eurozone countries, Japan, Sweden, Switzerland, China and India.”

“Approximately 50% of our revenue and 35% of our expenses are transacted in currencies other than the U.S. Dollar.”

“As of September 30, 2025, PTC had 7,642 full-time employees.”

“We also recorded a liability of $620.0 million related to the fair value of the $650.0 million deferred purchase price payment.”

“In the third quarter of 2025, we acquired IncQuery Group GmbH pursuant to a Share Purchase Agreement. The purchase price was $7.9 million, net of cash acquired”

“Pro forma year ended September 30, 2023 Revenue $ 2,140,738”

“The amount of goodwill resulting from the purchase price allocation reflects expected future growth as ServiceMax expands our closed-loop product lifecycle management (PLM) strategy.”

“For enterprise CAD and PLM solutions, we compete with large established companies including Autodesk, Dassault Systèmes SA, and Siemens AG.”

“On November 5, 2025, we entered into a definitive agreement with an affiliate of TPG, under which we agreed to sell our Kepware and ThingWorx businesses for total consideration of up to $725 million”

“In the year ended September 30, 2025, we recognized a $13.1 million gain upon the achievement of performance milestones associated with this contingent consideration.”

“Professional services revenue decreased in FY'25 as we continue to execute on our strategy of leveraging partners to deliver services”

“The estimated aggregate future amortization expense for intangible assets with finite lives remaining as of September 30, 2025 is $79.6 million for 2026, $79.7 million for 2027, $76.9 million for 2028, $73.8 million for 2029, $66.2 million for 2030 and $448.5 million thereafter.”

“In FY'25, we recognized a $13.1 million gain related to contingent consideration earned upon the achievement of performance milestones associated with the FY'22 sale of a portion of our PLM services business.”

“the effects of recently imposed import tariffs and threats of additional import tariffs, the effects of earlier and ongoing supply chain disruptions, high interest rates and inflation, volatile foreign exchange rates and the current relative strength of the U.S. Dollar”

“If we fail to successfully develop competitive SaaS solutions and to transform our operations to support the sale of SaaS solutions, our business and prospects could be adversely affected.”

“Those laws include, but are not limited to, anti-corruption laws and regulations (including the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act 2010), data privacy laws and regulations (including the European Union's General Data Privacy Regulation), and trade and economic sanctions laws and regulations”

“The markets for our products and solutions are rapidly changing and characterized by intense competition, disruptive technology developments, evolving distribution models and increasingly lower barriers to entry.”

“we regularly deal with security issues and have experienced security incidents from time to time.”

“We increasingly rely on third-party providers of cloud infrastructure services to deliver our offerings to users on our platform, and any disruption of or interference with our use of these services could adversely affect our business, financial condition, operating results, and prospects.”

“We have a large ecosystem of strategic, technology, and software partners and system integrators that enable us to enhance our products and offerings, expand our market reach, and accelerate our customers' digital transformation journeys.”

“Our success depends upon our ability to attract and retain highly skilled employees to develop and sell our products and solutions and to operate and grow our business.”