Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 76

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 76
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 30, 2025 and 2024.Remaining Performance Obligations (RPO)Our contracts with customers include transaction price amounts allocated to performance obligations that will be satisfied and recognized as revenue at a later date. The value of RPO and timing of recognition may be impacted by several factors, including the performance obligation type, duration and timing of commencement, as well as foreign currency exchange rate fluctuations. As of September 30, 2025, RPO totaled $2,870.7 million, of which $827.1 million is recorded in Deferred revenue and $2,043.6 million is not yet recorded in the Consolidated Balance Sheets. Of the total, we expect to recognize approximately 55% over the next 12 months, 24% over the next 13 to 24 months, and the remaining amount thereafter.Disaggregation of Revenue

         (in thousands)
          
         Year ended September 30,

         2025

         2024

         2023

         Recurring revenue(1)
          
         $
         2,600,514

         $
         2,134,030

         $
         1,907,918

         Perpetual license

         31,375

         32,196

         38,640

         Professional services

         107,337

         132,246

         150,495

         Total revenue
          
         $
         2,739,226

         $
         2,298,472

         $
         2,097,053

       (1)Recurring revenue is comprised of on-premises subscription, perpetual support, SaaS, and hosting services revenue.We report revenue by the following two product groups:

         (in thousands)
          
         Year ended September 30,

         2025

         2024

         2023

         Product lifecycle management (PLM)
          
         $
         1,741,310

         $
         1,459,078

         $
         1,330,316

         Computer-aided design (CAD)

         997,916

         839,394

         766,737

         Total revenue
          
         $
         2,739,226

         $
         2,298,472

         $
         2,097,053

F-18

We license products to customers worldwide. Our sales and marketing operations outside