Ptc Inc.

Company facts

Industry

Services-Prepackaged Software

Headquarters

Boston, Massachusetts

Most recent report

10-Q, filed Jul 31, 2026

Incorporated

Massachusetts

Filings on record

1,006+ filings

On EDGAR

CIK 857005

Fiscal year ends

September

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 10 sections worth reading, with 1 positive, 12 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Full financials: Q3 revenue down 7%, divestiture gain, heavy buyback, debt increase.
  Notable

  • Invested $184.7M in a solar energy project; recognized $78.8M tax credits in Q3 2026.
  • Reversed $14.4M prior tax benefit after unfavorable Varian tax court ruling in Q3 2026.
  • Subsequent event: repurchased $273.7M in July 2026, financed by $301.3M borrowings.

• Management's Discussion (Item 2)

  Q3 results show flat ARR, declining rev, debt-funded buyback, and divestiture impacts.
  Notable

  • Core ARR excluding divested businesses grew 7% (9% constant currency) in Q3'26.
  • Repurchased $525M of shares in Q3'26, funded by $225M net debt borrowings under credit facility.
  • Q3'26 operating cash flow grew 7% to $261M; free cash flow up 3% to $249M.
  • $463M gain on Kepware/ThingWorx divestiture recognized in Q2'26; net proceeds $523M.
  • $14M tax expense in Q3'26 from Varian Medical Systems tax court ruling.
  • FY'26 YTD tax expense includes $96M related to Kepware/ThingWorx divestiture.
  • Made $50M strategic solar energy investment in first nine months of FY'26.
  • Board authorized $2B in buybacks for Oct 2026-Sep 2028, in addition to existing $2B auth ending Sep 2026.
  Negative

  • ARR flat year-over-year at $2.41B in Q3'26; grew only 2% constant currency.
  • Revenue fell 7% in Q3'26 vs Q3'25; operating margin down ~480bps to 27.7%.
  • Q3'26 GAAP diluted EPS fell 12% to $1.03 from $1.17 in Q3'25.
  • Cash in U.S. only $33M, though company has substantial U.S. cash needs.

• Unregistered Sales and Repurchases (Item 2)

  New $2B buyback authorization and large Q3 repurchase activity.
  Positive

  • Board authorized $2B in new repurchases for October 2026-September 2028, a step-up in capacity.
  Notable

  • Existing $2B program amended to end September 30, 2026, instead of September 30, 2027.

What changed: Jun 2026 vs. Mar 2026

About 10% of PTC's Jun 2026 10-Q is new information. 27 paragraphs were added, 127 changed, and 32 removed. Below are the most important lines SECSift identified.

• Item 1 53
• Item 2 50
• Item 5 3
• Item 4 2
• Item 1A 1
• Item 6 1