Company: PTC
Filing Date: 2025-11-21
Form Type: 10-K
Source: 0001193125-25-291326
Chunk: 73

Company: PTC INC.
Filing Date: 2025-11-21
Form: 10-K
Item: Item 6
Chunk 73
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2024, and 2023.The following table presents the calculation for both basic and diluted EPS: 

           (in thousands, except per share data)
            
           Year ended September 30,

           2025

           2024

           2023

           Net income
            
           $
           733,997

           $
           376,333

           $
           245,540

           Weighted average shares outstanding

           120,005

           119,679

           118,341

           Dilutive effect of employee stock options, restricted shares and restricted stock units

           772

           1,063

           993

           Diluted weighted average shares outstanding

           120,777

           120,742

           119,334

           Earnings per share—Basic
            
           $
           6.12

           $
           3.14

           $
           2.07

           Earnings per share—Diluted
            
           $
           6.08

           $
           3.12

           $
           2.06

         Stock-Based CompensationWe measure the compensation cost of employee services received in exchange for an award of equity based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the award. See Note 11. Equity Incentive Plans for a description of the types of equity awards granted, the compensation expense related to such awards and detail of such awards outstanding. See Note 7. Income Taxes for detail of the tax benefit related to stock-based compensation recognized in the Consolidated Statements of Operations.

F-16

Recently Adopted Accounting PronouncementsImprovements to Reportable Segment DisclosuresIn November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The ASU became effective for us in 2025 and resulted in disclosure changes only (see Note 17. Segments). Pending Accounting PronouncementsTargeted Improvements to the Accounting for Internal-Use SoftwareIn September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which modernizes the accounting for internal-use software by eliminating project