Paylocity Holding Corp Files Q2 Fiscal 2025 10-Q
Ticker: PCTY · Form: 10-Q · Filed: Feb 7, 2025 · CIK: 1591698
| Field | Detail |
|---|---|
| Company | Paylocity Holding Corp (PCTY) |
| Form Type | 10-Q |
| Filed Date | Feb 7, 2025 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-filing, financials
TL;DR
Paylocity's Q2 FY25 10-Q is in. Check financials.
AI Summary
Paylocity Holding Corp filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and operational details for this period are presented.
Why It Matters
This filing provides investors with an update on Paylocity's financial performance and operational status for the second quarter of fiscal year 2025, crucial for understanding the company's trajectory.
Risk Assessment
Risk Level: low — This is a routine quarterly filing providing financial updates, not indicating any immediate or significant new risks.
Key Players & Entities
- Paylocity Holding Corp (company) — Filer of the 10-Q
- December 31, 2024 (date) — End of the reporting period
- 20250207 (date) — Filing date
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended December 31, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on February 7, 2025.
What is the company's fiscal year end?
Paylocity Holding Corp's fiscal year ends on June 30.
What is the Standard Industrial Classification code for Paylocity Holding Corp?
The SIC code for Paylocity Holding Corp is 7372, which falls under SERVICES-PREPACKAGED SOFTWARE.
What is the company's business address?
The business address for Paylocity Holding Corp is 1400 American Lane, Schaumburg, IL 60173.
Filing Stats: 4,537 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2025-02-07 10:03:06
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PCTY The NASDAQ Global Select
Filing Documents
- pcty-20241231.htm (10-Q) — 1327KB
- pcty-20241231x10qex101.htm (EX-10.1) — 102KB
- pcty-20241231x10qex311.htm (EX-31.1) — 10KB
- pcty-20241231x10qex312.htm (EX-31.2) — 10KB
- pcty-20241231x10qex321.htm (EX-32.1) — 5KB
- pcty-20241231x10qex322.htm (EX-32.2) — 5KB
- 0001591698-25-000010.txt ( ) — 7426KB
- pcty-20241231.xsd (EX-101.SCH) — 45KB
- pcty-20241231_cal.xml (EX-101.CAL) — 83KB
- pcty-20241231_def.xml (EX-101.DEF) — 247KB
- pcty-20241231_lab.xml (EX-101.LAB) — 660KB
- pcty-20241231_pre.xml (EX-101.PRE) — 452KB
- pcty-20241231_htm.xml (XML) — 1104KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS Unaudited Consolidated Balance Sheets 2 Unaudited Consolidated Statements of Operations and Comprehensive Income 3 Unaudited Consolidated Statement of Changes in Stockholders' Equity 4 Unaudited Consolidated Statements of Cash Flows 5 Notes to the Unaudited Consolidated Financial Statements 6
MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 20
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 32
CONTROLS AND PROCEDURES
ITEM 4. CONTROLS AND PROCEDURES 33
OTHER INFORMATION
PART II. OTHER INFORMATION
LEGAL PROCEEDINGS
ITEM 1. LEGAL PROCEEDINGS 34
RISK FACTORS
ITEM 1A. RISK FACTORS 34
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 34
DEFAULTS UPON SENIOR SECURITIES
ITEM 3. DEFAULTS UPON SENIOR SECURITIES 34
MINE SAFETY DISCLOSURES
ITEM 4. MINE SAFETY DISCLOSURES 34
OTHER INFORMATION
ITEM 5. OTHER INFORMATION 35
EXHIBITS
ITEM 6. EXHIBITS 36
SIGNATURES
SIGNATURES 37 1 Table of Contents PART I FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements PAYLOCITY HOLDING CORPORATION Unaudited Consolidated Balance Sheets (in thousands, except per share data) June 30, 2024 December 31, 2024 Assets Current assets: Cash and cash equivalents $ 401,811 $ 482,364 Accounts receivable, net 32,997 43,471 Deferred contract costs 97,859 106,891 Prepaid expenses and other 39,765 62,823 Total current assets before funds held for clients 572,432 695,549 Funds held for clients 2,952,060 3,541,707 Total current assets 3,524,492 4,237,256 Capitalized internal-use software, net 116,412 124,352 Property and equipment, net 60,640 55,905 Operating lease right-of-use assets 33,792 37,258 Intangible assets, net 28,291 103,566 Goodwill 108,937 342,949 Long-term deferred contract costs 348,003 366,180 Longterm prepaid expenses and other 7,077 6,699 Deferred income tax assets 17,816 19,609 Total assets $ 4,245,460 $ 5,293,774 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 8,638 $ 5,464 Accrued expenses 158,311 162,005 Total current liabilities before client fund obligations 166,949 167,469 Client fund obligations 2,950,411 3,538,149 Total current liabilities 3,117,360 3,705,618 Long-term debt — 325,000 Long-term operating lease liabilities 46,814 49,048 Other long-term liabilities 6,398 6,318 Deferred income tax liabilities 41,824 35,650 Total liabilities $ 3,212,396 $ 4,121,634 Stockholders' equity: Preferred stock, $ 0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2024 and December 31, 2024 $ — $ — Common stock, $ 0.001 par value, 155,000 shares authorized at June 30, 2024 and December 31, 2024; 55,514 shares issued and outstanding at June 30, 2024 and 55,884 shares issued and outstanding at December 31, 2024 56 56 Additional paid-in capital 360,488 411,373 Retained earnings 673,456 760,494 Accumulated other comprehensive income (loss) ( 936 ) 217 Total stockholders' equity $ 1,033,064 $ 1,172,140 Total