Risk Sleuth
PTC · 10-K filed 21 Nov 2025 · year to 30 Sep 2025

PTC

28 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

Discrete manufacturing sector

earns fromnamed as a risk
A large amount of our sales are to customers in the discrete manufacturing sector.Risk factors (Item 1A)

Federal, Aerospace and Defense

earns from
We primarily serve customers in the following industry verticals:Business (Item 1)

Suppliers

Third-party cloud infrastructure providers

depends onnamed as a risk
We increasingly rely on third-party providers of cloud infrastructure services to deliver our offerings to users on our platform, and any disruption of or interference with our use of these services could adversely affect our business, financial condition, operating results, and prospects.Risk factors (Item 1A)

Also named by NTAP, PAR

Partners and platforms

Third-party resellers

earns from · Approximately 75% of our sales are from products and services sold directly
Approximately 75% of our sales are from products and services sold directly by our sales force to end-user customers.Business (Item 1)

Other companies

2028 Notes (4.000% senior notes)

$500 millionnamed as a risk
As of November 21, 2025, our total debt outstanding was approximately $1,270 million, $500 million of which was associated with the 4.000% senior notes issued in February 2020, which mature in February 2028 and are unsecured ("2028 Notes"); $301 million of which was borrowed under our credit facility revolving line, which matures in January 2028; and $469 million of which was borrowed under our credit facility term loan (which began amortizing in March 2024).Risk factors (Item 1A)

Credit facility variable-rate loans

exposed to its price · $7 million impactnamed as a risk
Based on the borrowings outstanding and interest rates in effect as of September 30, 2025, a 100 basis point per annum change in interest rate applied over a one-year period would have a $7 million impact on annual earnings and cash flows.Market risk (Item 7A)

Competitors

Microsoft

competes with
For our SLM products, we compete with enterprise software companies such as Oracle, SAP, IFS AB, Microsoft, and Salesforce, and with companies that offer point solutions.Business (Item 1)

Also named by AAOI, AAON, AES, AJG, AMD, BLK, CDW, CEG and 13 more

SAP

competes with
For our SLM products, we compete with enterprise software companies such as Oracle, SAP, IFS AB, Microsoft, and Salesforce, and with companies that offer point solutions.Business (Item 1)

Also named by CTAS, DOCU, GXO, IBM, KMB, NOW, RMNI

IBM

competes with
For our ALM products, we compete with IBM, Jama Software, Inc. and Siemens AG.Business (Item 1)

Also named by DDOG, IONQ, MDB, P, QBTS, RBRK

Oracle

competes with
For our SLM products, we compete with enterprise software companies such as Oracle, SAP, IFS AB, Microsoft, and Salesforce, and with companies that offer point solutions.Business (Item 1)

Also named by AAOI, CRWV, IBM, MDB, NOW, RMNI

Salesforce

competes with
For our SLM products, we compete with enterprise software companies such as Oracle, SAP, IFS AB, Microsoft, and Salesforce, and with companies that offer point solutions.Business (Item 1)

Also named by DOCU, KVYO, NOW, RMNI

Siemens AG

competes with
For our ALM products, we compete with IBM, Jama Software, Inc. and Siemens AG.Business (Item 1)

Also named by JCI, ROK

Autodesk

competes with
For enterprise CAD and PLM solutions, we compete with large established companies including Autodesk, Dassault Systèmes SA, and Siemens AG.Business (Item 1)

Dassault Systèmes SA

competes with
For enterprise CAD and PLM solutions, we compete with large established companies including Autodesk, Dassault Systèmes SA, and Siemens AG.Business (Item 1)

Jama Software, Inc.

competes with
For our ALM products, we compete with IBM, Jama Software, Inc. and Siemens AG.Business (Item 1)

IFS AB

competes with
For our SLM products, we compete with enterprise software companies such as Oracle, SAP, IFS AB, Microsoft, and Salesforce, and with companies that offer point solutions.Business (Item 1)

Places

Israel

operates innamed as a risk
exposure of our operations and employees to political instability and armed conflict in the countries and regions in which we operate, including Israel;Risk factors (Item 1A)

Also named by AIOT, AKAM, AMAT, AMGN, APP, ASTS, AVY, BSX and 31 more

Commodities and inputs

Euro

exposed to its price · approximately $44 millionnamed as a risk
Based on current revenue and expense levels (excluding stock-based compensation), a $0.10 change in the USD to EUR exchange rate and a 10 Yen change in the Yen to USD exchange rate would impact operating income by approximately $44 million and $10 million, respectively.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Japanese Yen

exposed to its price · $10 millionnamed as a risk
Historically, our most significant currency risk has been changes in the Euro and Japanese Yen relative to the U.S. Dollar.Market risk (Item 7A)

Also named by ABBV, ABT, ACN, ADBE, ALK, AMAT, AMKR, BMY and 24 more

Indian Rupee

exposed to its price · $53,465named as a risk
Foreign currency forward contracts are primarily denominated in the Euro, Japanese Yen, and Indian Rupee currencies, and have maturities of less than four months.Market risk (Item 7A)

Also named by ACN, ADBE, AJG, AVY, BEN, CIEN, CTSH, EEFT and 11 more

Non-U.S. currencies

exposed to its price · Approximately 50% of our revenue and 35% of our expensesnamed as a risk
Approximately 50% of our revenue and 35% of our expenses were transacted in currencies other than the U.S. Dollar.Market risk (Item 7A)

Regulators

Office of Foreign Assets Control (OFAC)

subject tonamed as a risk
Those laws include, but are not limited to, anti-corruption laws and regulations (including the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act 2010), data privacy laws and regulations (including the European Union's General Data Privacy Regulation), and trade and economic sanctions laws and regulations (including laws administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. State Department, the U.S. Department of Commerce, the United Nations Security Council and other sanctions authorities).Risk factors (Item 1A)

Also named by ABNB, ADP, AIG, APP, BMI, BMNR, BPOP, CAT and 46 more

Laws and programs

U.S. Foreign Corrupt Practices Act (FCPA)

subject tonamed as a risk
Those laws include, but are not limited to, anti-corruption laws and regulations (including the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act 2010), data privacy laws and regulations (including the European Union's General Data Privacy Regulation), and trade and economic sanctions laws and regulations (including laws administered by the U.S. Department of the Treasury’s Office of Foreign Assets Control, the U.S. State Department, the U.S. Department of Commerce, the United Nations Security Council and other sanctions authorities).Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

EU Corporate Sustainability Reporting Directive (CSRD)

subject tonamed as a risk
These laws and regulations include the European Union’s Corporate Sustainability Reporting Directive (“CSRD”) and Corporate Sustainability Due Diligence Directive (“CSDDD”), and California’s Climate Corporate Data Accountability Act and Climate-Related Financial Risk Disclosure Act.Risk factors (Item 1A)

Also named by AMAT, AVY, CBRE, FFIV, GNRC, HLT, IEX, INGR and 19 more

Import tariffs

subject tonamed as a risk
Manufacturers worldwide continue to face uncertainty about the global macroeconomic environment due to, among other factors, the effects of recently imposed import tariffs and threats of additional import tariffs, the effects of earlier and ongoing supply chain disruptions, high interest rates and inflation, volatile foreign exchange rates and the current relative strength of the U.S. Dollar, and the U.S. government’s focus on technology transactions with non-U.S. entities.Risk factors (Item 1A)

Also named by AOS, APLD, BJ, BMI, CAVA, CVLG, CVS, DKS and 18 more

California Climate Corporate Data Accountability Act

subject tonamed as a risk
These laws and regulations include the European Union’s Corporate Sustainability Reporting Directive (“CSRD”) and Corporate Sustainability Due Diligence Directive (“CSDDD”), and California’s Climate Corporate Data Accountability Act and Climate-Related Financial Risk Disclosure Act.Risk factors (Item 1A)

Also named by ALL, BBSI, CMG, DKS, FCNCA, TSCO

EU Corporate Sustainability Due Diligence Directive (CSDDD)

subject tonamed as a risk
Additionally, the CSDDD will require us to conduct due diligence to identify, prevent, mitigate, and account for actual and potential adverse impacts on human rights and the environment arising from our operations and those of our customers and suppliers, and to remediate such impacts.Risk factors (Item 1A)

Also named by MDLZ

FedRAMP

subject to
We also have various security-related certifications and authorizations, including ISO 27001, SOC 2 Type II and FedRAMP, for certain of our products and services.Cybersecurity (Item 1C)

Also named by ADSK, CRWD, DDOG, DOCU, FTNT, GTLB, MSTR, NET and 9 more