Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 98

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 98
---
 30, 2024, all the Euro to U.S. Dollar outstanding notional amount relates to forward contracts.(2)As of September 30, 2025, $41.9 million of the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts and $89.4 million relates to option contracts. As of September 30, 2024, all the Japanese Yen to U.S. Dollar outstanding notional amount relates to forward contracts.The following table shows the effect of our non-designated hedges on the Consolidated Statements of Operations for the years ended September 30, 2025, 2024 and 2023: 

         (in thousands)

         Year ended September 30,

         Location of Gain (Loss)
          
         2025

         2024

         2023

         Net realized and unrealized loss, excluding the underlying foreign currency exposure being hedged
          
         Other income, net
          
         $
         (5,204
         )
          
         $
         (6,238
         )
          
         $
         (11,757
         )
        
       In 2025, 2024, and 2023, foreign currency losses, net were $2.5 million, $1.8 million, and $2.1 million, respectively. Net Investment HedgesAs of September 30, 2025 and 2024, we had outstanding forward contracts designated as net investment hedges with notional amounts equivalent to the following: 

         September 30,

         Currency Hedged (in thousands)
          
         2025

         2024

         Euro / U.S. Dollar
          
         $
         480,198

         $
         462,894

         Japanese Yen / U.S. Dollar

         10,260

         10,739

         Total
          
         $
         490,458

         $
         473,633

       The following table shows the effect of our derivative instruments designated as net investment hedges on the Consolidated Statements of Operations for the years ended September 30, 2025, 2024, and 2023: 

         (in thousands)

         Year ended September 30,

         Location of Gain (Loss)
          
         2025

         2024

         2023

         Loss recognized in Other comprehensive income ("OCI")
          
         OCI