PTC Inc. FY 2025 10-K, explained in plain English

Key financials — as reported

Total revenue	$2.7B
Gross margin	83.8%
Operating income	$982.4M
Net income	$734.0M
Diluted EPS	$6.08
Cash & equivalents	$184.4M
Total assets	$6.6B
Long-term debt	$1.2B

Key takeaway

Fiscal 2025 revenue grew 19% (18% constant currency) to $2.74 billion, driven by higher total value and longer duration of new license contracts.

🔒 4 more takeaways in the full analysis

Beneath the surface

Cash of $184 million against total debt of $1.20 billion implies a net debt position of roughly $1.0 billion, a more leveraged picture than the low headline cash figure alone suggests.

🔒 4 more insights a headline reader would miss