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

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 25
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 $
     1,333.4

     23
     %

     22
     %

     CAD

     992.9

     832.8

     19
     %

     19
     %

     Software revenue
      
     $
     2,631.9

     $
     2,166.2

     21
     %

     21
     %
    
   PLM software revenue growth in FY'25 was driven by the higher total value and longer average duration of contracts commencing in the period. PLM software revenue grew across all geographic regions, primarily driven by Windchill.PLM ARR grew 10% (8% constant currency) from September 30, 2024 to September 30, 2025, primarily driven by Windchill and Codebeamer.CAD software revenue growth in FY'25 was driven by the higher total value and longer average duration of contracts commencing in the period. CAD software revenue grew across all geographic regions, primarily driven by Creo.CAD ARR grew 10% (9% constant currency) from September 30, 2024 to September 30, 2025, primarily driven by Creo. Gross Margin 

     (Dollar amounts in millions)
      
     Year ended September 30,

     2025

     2024

     Percent Change

     License gross margin
      
     $
     1,115.8

     $
     760.0

     47
     %

     License gross margin percentage

     96
     %

     94
     %

     Support and cloud services gross margin
      
     $
     1,177.4

     $
     1,084.8

     9
     %

     Support and cloud services gross margin percentage

     80
     %

     80
     %

     Professional services gross margin
      
     $
     1.1

     $
     8.9

     (88
     )%

     Professional services gross margin percentage

     1
     %

     7
     %

     Total gross margin
      
     $
     2,294.2

     $
     1,853.7

     24
     %

     Total gross margin percentage

     84
     %

     81
     %

     Non-GAAP gross margin(1)
      
     $
     2,349.8