PTC: revenue $600.0M, net income $118.8M. PTC divests Kepware/ThingWorx, deploys into buybacks as revenue falls 7%

Filed July 31, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Divested Kepware and ThingWorx businesses for cash (plus potential earnout), recognizing a gain and tax expense.

  Notes: Kepware/ThingWorx divestiture & ASR view on EDGAR →
• high

  Revenue fell 7% to $600M driven by the divestiture ( Q3'25 revenue removed) and lower license revenue from a single large contract with shortened duration. ARR flat at reported, up 7% excluding divested businesses (9% constant currency).

  MD&A: Revenue & ARR verify on EDGAR →
• high

  Operating margin compressed 480 basis points to 27.7%, both driven by lower revenue. Free cash flow grew, slowed by higher capex for an R&D office move.

  MD&A: Operating margin & cash flow verify on EDGAR →