PTC (PTC) reported R&D of $124.13M in Q1 2026.

How has PTC's R&D changed year-over-year?

PTC's R&D increased by 11.8% year-over-year, from $111.02M to $124.13M.

What is the long-term trend for PTC's R&D?

Over 4 years (2021 to 2025), PTC's R&D has grown at a 11.1% compound annual growth rate (CAGR), from $299.92M to $457.69M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

PTC PTC R&D

R&D at other companies

International Business MachinesIBM

$2.17B+11.4%

AutodeskADSK

$421M+6.9%

MicrosoftMSFT

$10B+13.2%

SalesforceCRM

$1.63B+11.4%

OracleORCL

$2.61B-1.5%

Cadence Design SystemsCDNS

$531.27M+20.2%

Other financials

Income statement

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Revenue$774.3M+21.7%

Gross profit$660.7M+24.6%

Operating income$295.8M+32.4%

Net income$590.7M+263%

EPS (diluted)$4.98+269%

Balance sheet

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Cash & equivalents$439.1M+86.7%

Total debt$1.4B-11.9%

Total equity$3.9B+14.0%

Total assets$6.5B+6.1%

Cash flow

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Operating cash flow$320.9M+14.1%

CapEx$2.7M-4.9%

Free cash flow$318.2M+14.3%

Valuation

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Market cap$15.3B-37.0%

Enterprise value$16.24B-36.3%

P/E12.3×-35.1×

P/S5.1×-4.7×

Profitability

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Gross margin84.7%+3.6pp

Operating margin38.7%+11.9pp

Net margin41.6%+22.8pp

FCF margin31%-4.0pp

Returns & leverage

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Return on equity34.4%+20.5pp

Debt / equity0.4×-0.1×

Current ratio1.2×+0.2×

Where this comes from

Reported directly by PTC in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: PTC’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is PTC's R&D?: PTC (PTC) reported R&D of $124.13M in Q1 2026.
How has PTC's R&D changed year-over-year?: PTC's R&D increased by 11.8% year-over-year, from $111.02M to $124.13M.
What is the long-term trend for PTC's R&D?: Over 4 years (2021 to 2025), PTC's R&D has grown at a 11.1% compound annual growth rate (CAGR), from $299.92M to $457.69M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.