BOSTON, MA, July 31, 2025 – PTC has announced its Q3 FY25 results, reporting $644M in revenue – a 1.2% increase from $636M in Q2 FY25 – with a profit of $141M.
Third Quarter Financial Highlights
- Constant currency ARR reached $2.37 billion, compared to $2.17 billion in Q3 FY2024.
- Operating cash flow increased to $244 million, up from $214 million last year.
- Free cash flow grew to $242 million, compared to $212 million in Q3 FY2024.
- Operating margin expanded to 33%, from 18% in Q3 FY2024.
- Non-GAAP EPS increased to $1.64, up from $0.985 year-over-year.
- Net debt decreased significantly to $1.23 billion, down from $1.81 billion.
- The company bought back $75 million in stock, which shows confidence in its own value.
- Balanced global growth, with Europe and Asia-Pacific leading and strong momentum in PLM solutions.
“Q3 was another solid quarter of execution for PTC. Our strategy of enabling product data foundations and extending the value of that data across the enterprise is resonating with customers across our verticals and geographies,” said Neil Barua, President and CEO, PTC.
“In Q3, we continued to advance our go-to-market transformation, and I can say with confidence that we are structurally stronger. We also progressed our five focus areas of CAD, PLM, ALM, SLM, and SaaS with new product offerings and enhancements and key customer wins. While the macroeconomic picture still poses some uncertainty for our customers, we sense that we are past the point of maximum disruption, and look forward to productive customer engagements throughout Q4,” concluded Barua.
A detailed chart outlining the financial results is available here, providing a comprehensive breakdown of key metrics and performance indicators for better insight into the company’s financial standing.
Source: PTC
About PTC
PTC Inc., founded in 1985 and based in Boston, develops software for digital transformation across industries. Its offerings include product lifecycle management, computer-aided design, the industrial internet of things, and augmented reality. These tools support product design, manufacturing and service operations. PTC serves sectors such as aerospace, automotive, electronics and industrial equipment. Its software is used by more than 30,000 customers globally, including 95% of Fortune 500 discrete manufacturers. With approximately 7,500 employees worldwide, the company continues to grow through a subscription-based model, focusing on enabling efficient, digital product innovation.