Filing Flows › PTC (PTC) › Q3 FY25
PTC (PTC) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jul 31, 2025
PTC (PTC) reported revenue of $644M for the third quarter fiscal 2025 (Q3 FY25), +24% from a year earlier and +1% from the quarter before. Operating margin was 32.6%, net earnings $141M (21.9% of revenue).
PTC, Q3 FY25: revenue $644M (+24% year over year), operating margin 32.6%, net earnings $141M, operating cash flow $244M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $644M | +1% | +24% |
| Gross profit | $534M | +0.7% | +31% |
| Operating profit | $210M | -6% | +119% |
| Net earnings | $141M | -13% | +105% |
| Operating cash flow | $244M | -13% | +14% |
| Free cash flow | $242M | — | +14% |
What changed
Revenue was $643.9M in Q3 FY25, up 24% year over year and up 1% from the previous quarter. Product Lifecycle Management was the largest line at 63% of revenue. Product Lifecycle Management added $74.2M year over year (up 23%), 59% of the total change.
Gross margin was 82.9%, up 4.5 points from a year earlier. Operating profit was $209.8M, a 32.6% margin (up 14.1 points year over year). Of the extra revenue versus a year earlier, 91% reached operating profit, above the 18% margin then. Operating expenses grew 4% against revenue growth of 24%. Net earnings were $141.3M, up 105% year over year. The effective tax rate was 27.0%.
Operating cash flow was $243.9M (up 14% year over year), 173% of net earnings. Non-cash charges added back $25.5M of depreciation and amortization and $54.0M of share-based compensation. Working capital and other items added $23.0M. After capital expenditures ($1.9M), free cash flow as the company reports it was $242.0M.
Questions
What was PTC's revenue in the third quarter fiscal 2025?
PTC (PTC) reported revenue of $644M for the third quarter fiscal 2025 (Q3 FY25), +24% from a year earlier and +1% from the quarter before.
Was PTC profitable in the third quarter fiscal 2025?
Operating profit was $210M (32.6% of revenue) and net earnings $141M.
Source: PTC 10-Q on SEC EDGAR.