Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 100

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 100
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 $
         36,038

         Right-of-use assets obtained in exchange for new lease obligations:

         Operating leases(1)
          
         $
         16,664

         $
         11,079

         $
         28,257

        (1)In the year ended September 30, 2023, operating lease additions included $4.0 million related to the ServiceMax acquisition.Supplemental balance sheet information related to the leases as of September 30, 2025 and 2024 was as follows: 

         September 30,

         2025

         2024

         Weighted-average remaining lease term - operating leases
          
         9.4 years

         10.3 years

         Weighted-average discount rate - operating leases

         5.3
         %

         5.4
         %
        
        Maturities of lease liabilities as of September 30, 2025 are as follows: 

         (in thousands)
          
         Operating Leases

         2026
          
         $
         31,829

         2027

         26,987

         2028

         22,214

         2029

         18,674

         2030

         17,460

         Thereafter

         104,477

         Total future lease payments

         221,641

         Less: imputed interest

         (49,208
         )

         Total lease liability
          
         $
         172,433

       As of September 30, 2025, we had an operating lease that had not yet commenced. The lease will commence in 2026 with a lease term of 5 years and we will make future lease payments of approximately $7.4 million. 17. SegmentsWe operate as a single operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. The CODM evaluates financial performance and allocates resources based on consolidated results, including consolidated net income. The total assets of the segment are reported on the Consolidated Balance Sheets.See Note 3. Revenue from Contracts with Customers for additional information about our revenue by geographic region and Note 4. Property and Equipment for additional information about our long-lived assets