PowerSchool Holdings Inc

GBBMGTPK9

Equity

ISIN null / Valor 110990229

New York Stock Exchange, Inc (2024-09-30)

USD 22.81-0.18%

PowerSchool Holdings Inc
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About company

PowerSchool Holdings Inc is a public company listed on the New York Stock Exchange (NYSE) as PWSC, with previous owners including Vista Equity Partners, Pearson, and Apple. As the leading provider of cloud-based software in K-12 education in North America, PowerSchool offers solutions that connect students, teachers, administrators, and families to improve student outcomes. Their mission-critical capabilities span from the central office to the classroom to home, supporting student success through increased support, accelerated learning, and whole-child instruction. With almost 30 years of expertise, PowerSchool's continuous innovation has evolved their platform into an intelligent system tailored to meet each student's individual needs, with tools like PowerSchool Analytics & Insights [Unified Insights] enabling data-driven decision-making and instructional practices.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Growth

PowerSchool Holdings Inc. reported a total revenue of $191.6 million for the second quarter of 2024, marking a 10% increase year-over-year. This growth aligns with the company's outlook and highlights its strong market position in the K-12 education software sector.

Net Loss

For the second quarter of 2024, PowerSchool Holdings Inc. recorded a GAAP net loss of $25.7 million, which represents 13% of the total revenue. Despite the net loss, the company continues to invest in innovative products and market expansion.

Adjusted EBITDA

PowerSchool Holdings Inc. achieved an Adjusted EBITDA of $66.6 million in the second quarter of 2024, reflecting a 9% increase year-over-year. This figure represents 35% of the total revenue, demonstrating the company's operational efficiency and profitability on an adjusted basis.

Subscription and Support Revenue

In the second quarter of 2024, PowerSchool Holdings Inc. reported subscriptions and support revenue of $170.1 million, up 16% year-over-year. This significant growth underscores the increasing demand for the company's cloud-based educational software solutions.

Cash Flow

PowerSchool Holdings Inc. reported net cash used in operating activities of $47.4 million for the second quarter of 2024, representing 25% of the total revenue. The company continues to focus on strategic investments to drive long-term growth and value creation.

Summarized from source with an LLMView Source

Key figures

0.66%1Y

-7.31%3Y

%5Y

Performance

1.24%1Y

39.1%3Y

48.5%5Y

Volatility