Paycor HCM Inc. (PYCR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
4811 MONTGOMERY ROAD CINCINNATI, OH 45212 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 6/30/2024 | 12/31/2023 MRQ | 6/30/2023 | 6/30/2022 | 6/30/2021 | |||
|---|---|---|---|---|---|---|---|---|
| ASSETS | ||||||||
| Current Assets | ||||||||
| Cash, cash equivalents, and short-term investments | 117,958 | 61,719 | 95,233 | 133,041 | 2,634 | |||
| Cash and cash equivalents | 117,958 | 61,719 | 95,233 | 133,041 | 2,634 | |||
| Receivables | 48,164 | 44,945 | 30,820 | 21,511 | 16,472 | |||
| Prepaid expense | 12,749 | 12,861 | 10,448 | 9,421 | 6,586 | |||
| Deferred costs | 70,377 | 63,290 | 54,448 | 37,769 | 24,503 | |||
| Funds held for clients | 1,109,136 | 1,325,163 | 1,049,156 | 1,715,916 | 670,315 | |||
| Other current assets | 3,458 | 9,307 | 2,581 | 1,874 | 1,516 | |||
| Total current assets: | 1,361,842 | 1,517,285 | 1,242,686 | 1,919,532 | 722,026 | |||
| Noncurrent Assets | ||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 530 | |||||||
| Operating lease, right-of-use asset | 14,417 | 15,346 | 16,834 | |||||
| Property, plant and equipment | 176,519 | 36,893 | 34,573 | 31,675 | 41,080 | |||
| Intangible assets, net (including goodwill) | 938,146 | 981,274 | 1,028,210 | 1,013,224 | 1,106,125 | |||
| Goodwill | 766,653 | 767,193 | 767,738 | 750,155 | 750,802 | |||
| Intangible assets, net (excluding goodwill) | 171,493 | 214,081 | 260,472 | 263,069 | 355,323 | |||
| Deferred costs | 189,826 | 177,843 | 162,657 | 125,705 | 90,880 | |||
| Other noncurrent assets | 2,566 | 2,921 | 2,232 | 1,179 | 19,532 | |||
| Other undisclosed noncurrent assets | (73,923) | 61,652 | 53,453 | 40,002 | 31,310 | |||
| Total noncurrent assets: | 1,247,551 | 1,275,929 | 1,298,489 | 1,211,785 | 1,288,927 | |||
| TOTAL ASSETS: | 2,609,393 | 2,793,214 | 2,541,175 | 3,131,317 | 2,010,953 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 72,232 | 58,031 | 72,208 | 103,129 | 44,283 | |||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | 44,592 | 32,305 | ||
| Accounts payable | 27,309 | 25,510 | 28,350 | 13,945 | 11,978 | |||
| Accrued liabilities | 44,923 | 32,521 | 43,858 | 44,592 | ||||
| Deferred revenue | 13,600 | 13,361 | 13,083 | 11,742 | 11,948 | |||
| Debt | 1,113 | 298 | ||||||
| Restructuring reserve | 3,037 | |||||||
| Other undisclosed current liabilities | 1,136,710 | 1,355,082 | 1,077,747 | 1,685,325 | 685,742 | |||
| Total current liabilities: | 1,223,655 | 1,426,474 | 1,163,336 | 1,803,233 | 741,973 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 49,100 | |||||||
| Long-term debt, excluding current maturities | 49,100 | |||||||
| Liabilities, other than long-term debt | 98,812 | 98,479 | 104,155 | 43,353 | 92,818 | |||
| Deferred income tax liabilities | 16,019 | 12,940 | 18,047 | 31,895 | 76,138 | |||
| Other liabilities | 69,346 | 70,937 | 70,047 | 11,458 | 16,680 | |||
| Operating lease, liability | 13,447 | 14,602 | 16,061 | |||||
| Total noncurrent liabilities: | 98,812 | 98,479 | 104,155 | 43,353 | 141,918 | |||
| Total liabilities: | 1,322,467 | 1,524,953 | 1,267,491 | 1,846,586 | 883,891 | |||
| Temporary equity, carrying amount | 248,423 | |||||||
| Equity | ||||||||
| Equity, attributable to parent | 1,286,926 | 1,268,261 | 1,273,684 | 1,284,731 | 878,639 | |||
| Preferred stock | 262,772 | |||||||
| Common stock | 178 | 178 | 177 | 175 | 141 | |||
| Treasury stock, value | (245,074) | (245,074) | (245,074) | (245,074) | (245,074) | |||
| Additional paid in capital | 2,081,668 | 2,049,501 | 2,011,194 | 1,926,800 | 1,133,399 | |||
| Accumulated other comprehensive income (loss) | (1,409) | (4) | (3,118) | (1,781) | 3,152 | |||
| Accumulated deficit | (548,437) | (536,340) | (489,495) | (395,389) | (275,751) | |||
| Total equity: | 1,286,926 | 1,268,261 | 1,273,684 | 1,284,731 | 878,639 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,609,393 | 2,793,214 | 2,541,175 | 3,131,317 | 2,010,953 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | ||
|---|---|---|---|---|---|---|---|
| Revenues | 654,948 | 604,654 | 552,692 | 429,387 | 352,777 | ||
| Cost of revenue | (223,235) | (204,274) | (187,140) | (168,188) | (154,487) | ||
| Gross profit: | 431,713 | 400,380 | 365,552 | 261,199 | 198,290 | ||
| Operating expenses | (487,164) | (489,623) | (470,207) | (400,819) | (287,623) | ||
| Operating loss: | (55,451) | (89,243) | (104,655) | (139,620) | (89,333) | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 418 | 3,305 | 4,630 | 1,570 | (1,420) | ||
| Interest and debt expense | (175) | (5,544) | (4,638) | (541) | (2,541) | ||
| Loss from continuing operations before equity method investments, income taxes: | (55,208) | (91,482) | (104,663) | (138,591) | (93,294) | ||
| Other undisclosed loss from continuing operations before income taxes | (4,507) | ||||||
| Loss from continuing operations before income taxes: | (59,715) | (91,482) | (104,663) | (138,591) | (93,294) | ||
| Income tax benefit | 773 | 7,937 | 11,448 | 30,574 | 20,812 | ||
| Loss from continuing operations: | (58,942) | (83,545) | (93,215) | (108,017) | (72,482) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (108,017) | (72,482) | |
| Net loss: | (58,942) | (83,545) | (93,215) | (108,017) | (72,482) | ||
| Other undisclosed net loss attributable to parent | (11,621) | (24,438) | |||||
| Net loss available to common stockholders, diluted: | (58,942) | (83,545) | (93,215) | (119,638) | (96,920) | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 6/30/2024 | 12/31/2023 TTM | 6/30/2023 | 6/30/2022 | 6/30/2021 | ||
|---|---|---|---|---|---|---|---|
| Net loss: | (58,942) | (83,545) | (93,215) | (108,017) | (72,482) | ||
| Other comprehensive income (loss) | 1,709 | 2,550 | (1,337) | (2,980) | 382 | ||
| Comprehensive loss: | (57,233) | (80,995) | (94,552) | (110,997) | (72,100) | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (11,621) | (24,438) | |||||
| Comprehensive loss, net of tax, attributable to parent: | (57,233) | (80,995) | (94,552) | (122,618) | (96,538) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.