PTC Inc. Files Q1 Fiscal 2025 10-Q
Ticker: PTC · Form: 10-Q · Filed: Feb 6, 2025 · CIK: 857005
Sentiment: neutral
Topics: 10-Q, quarterly-report, software
TL;DR
PTC Inc. 10-Q filed for Q1 FY25. Financials and operations update.
AI Summary
PTC Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the first quarter of their fiscal year 2025. Key financial data and operational details for this period are presented, including information on their software business and financial instruments.
Why It Matters
This filing provides investors with an update on PTC Inc.'s financial performance and operational status for the first quarter of fiscal year 2025, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing standard financial and operational information.
Key Numbers
- 0930 — Fiscal Year End (Indicates the end of PTC Inc.'s annual financial reporting cycle.)
- 000-18059 — SEC File Number (Unique identifier for PTC Inc.'s filings with the SEC.)
Key Players & Entities
- PTC INC. (company) — Filer of the 10-Q
- 20241231 (date) — End of the reporting period
- 20250206 (date) — Filing date
- PARAMETRIC TECHNOLOGY CORP (company) — Former company name
FAQ
What is the reporting period for this 10-Q filing?
The 10-Q filing is for the period ending December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 6, 2025.
What is PTC Inc.'s Standard Industrial Classification code?
PTC Inc.'s SIC code is 7372, categorized under SERVICES-PREPACKAGED SOFTWARE.
What was PTC Inc.'s former company name?
PTC Inc.'s former company name was PARAMETRIC TECHNOLOGY CORP.
What is the fiscal year end for PTC Inc.?
PTC Inc.'s fiscal year ends on September 30.
Filing Stats: 4,304 words · 17 min read · ~14 pages · Grade level 15.3 · Accepted 2025-02-06 17:18:17
Filing Documents
- ptc-20241231.htm (10-Q) — 2440KB
- ptc-ex10_1.htm (EX-10.1) — 100KB
- ptc-ex31_1.htm (EX-31.1) — 13KB
- ptc-ex31_2.htm (EX-31.2) — 13KB
- ptc-ex32.htm (EX-32) — 12KB
- 0000950170-25-015530.txt ( ) — 9136KB
- ptc-20241231.xsd (EX-101.SCH) — 1205KB
- ptc-20241231_htm.xml (XML) — 1585KB
—FINANCIAL INFORMATION
Part I—FINANCIAL INFORMATION Item 1. Unaudited Condensed Consolidated Financial Statements: 1 Consolidated Balance Sheets as of December 31, 2024 and September 30, 2024 1 Consolidated Statements of Operations for the three months ended December 31, 2024 and December 31, 2023 2 Consolidated Statements of Comprehensive Income for the three months ended December 31, 2024 and December 31, 2023 3 Consolidated Statements of Cash Flows for the three months ended December 31, 2024 and December 31, 2023 4 Consolidated Statements of Stockholders' Equity for the three months ended December 31, 2024 and December 31, 2023 5 Notes to Condensed Consolidated Financial Statements 6 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 16 Item 3.
Quantitative and Qualitative Disclosures about Market Risk
Quantitative and Qualitative Disclosures about Market Risk 26 Item 4.
Controls and Procedures
Controls and Procedures 26
—OTHER INFORMATION
Part II—OTHER INFORMATION Item 1A.
Risk Factors
Risk Factors 27 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 27 Item 5. Other Information 27 Item 6. Exhibits 29 Signature 30 Table of Contents
—FINANCI AL INFORMATION
PART I—FINANCI AL INFORMATION
UNAUDITED CONDENSED CONS OLIDATED FINANCIAL STATEMENTS
ITEM 1. UNAUDITED CONDENSED CONS OLIDATED FINANCIAL STATEMENTS PTC Inc. CONSOLIDATED B ALANCE SHEETS (in thousands, except per share data) (unaudited) December 31, 2024 September 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 196,338 $ 265,808 Accounts receivable, net of allowance for doubtful accounts of $ 1,332 and $ 1,180 at December 31, 2024 and September 30, 2024, respectively 694,807 861,953 Prepaid expenses 117,902 102,931 Other current assets 75,493 68,013 Total current assets 1,084,540 1,298,705 Property and equipment, net 71,069 75,187 Goodwill 3,423,420 3,461,891 Acquired intangible assets, net 872,108 897,476 Deferred tax assets 164,259 159,404 Operating right-of-use lease assets 128,357 133,317 Other assets 331,611 357,562 Total assets $ 6,075,364 $ 6,383,542 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 20,689 $ 24,198 Accrued expenses and other current liabilities 114,939 129,528 Accrued compensation and benefits 134,924 173,797 Accrued income taxes 37,288 39,978 Current portion of long-term debt 524,864 521,467 Deferred revenue 706,175 754,039 Short-term lease obligations 22,561 24,186 Total current liabilities 1,561,440 1,667,193 Long-term debt 1,019,127 1,227,105 Deferred tax liabilities 30,032 32,216 Long-term deferred revenue 19,992 21,235 Long-term lease obligations 153,329 157,568 Other liabilities 61,623 63,827 Total liabilities 2,845,543 3,169,144 Commitments and contingencies (Note 11) Stockholders' equity: Preferred stock, $ 0.01 par value; 5,000 shares authorized; none issued — — Common stock, $ 0.01 par value; 500,000 shares authorized; 120,219 and 120,155 shares issued and outstanding at December 31, 2024 and September 30, 2024, respectively 1,202 1,202 Additional paid-in capital 1,936,411