PYCR · Paycor Hcm, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Price · PYCR
Income Statement
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Revenue | $654.95M | $552.69M | $429.39M | $327.91M |
| Cost of Revenue | $223.24M | $187.14M | $168.19M | $139.68M |
| Gross Profit | $431.71M | $365.55M | $261.20M | $188.23M |
| R&D | $61.42M | $54.26M | $43.14M | $45.87M |
| SG&A | $202.70M | $203.85M | $187.05M | $137.07M |
| Total Operating Expenses | $487.16M | $470.21M | $400.82M | $282.94M |
| D&A | $5.89M | $4.79M | $6.46M | $5.46M |
| Operating Income | ($55.45M) | ($104.66M) | ($139.62M) | ($94.71M) |
| Interest Expense | $4.68M | $4.64M | $541.0K | $1.78M |
| Income Tax | ($773.0K) | ($11.45M) | ($30.57M) | ($20.18M) |
| Net Income | ($58.94M) | ($93.22M) | ($119.64M) | ($90.19M) |
| EPS - Basic | ($0.33) | ($0.53) | ($0.69) | ($0.59) |
| EPS - Diluted | ($0.33) | ($0.53) | ($0.69) | ($0.59) |
Balance Sheet
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Cash & Equivalents | $117.96M | $95.23M | $133.04M | $6.16M |
| Accounts Receivable | $48.16M | $30.82M | $21.51M | $10.02M |
| Inventory | - | - | - | - |
| Accounts Payable | $27.31M | $28.35M | $13.95M | $12.03M |
| Current Assets | $1.36B | $1.24B | $1.92B | $659.74M |
| Total Assets | $2.61B | $2.54B | $3.13B | $2.01B |
| Current Liabilities | $1.22B | $1.16B | $1.80B | $679.61M |
| Long-term Debt | $0 | $0 | $0 | $18.59M |
| Total Liabilities | $1.32B | $1.27B | $1.85B | $821.12M |
| Stockholders' Equity | $1.29B | $1.27B | $1.28B | $1.04B |
| Retained Earnings | ($548.44M) | ($489.50M) | ($395.39M) | ($178.81M) |
Cash Flow
| Line item | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Operating Cash Flow | $90.00M | $48.12M | $24.35M | $88.0K |
| Investing Cash Flow | ($108.92M) | ($192.96M) | ($84.55M) | $121.53M |
| Financing Cash Flow | $50.47M | ($659.05M) | $1.18B | ($20.88M) |
| CapEx | $3.46M | $5.04M | $1.99M | $7.83M |
| Free Cash Flow | $86.53M | $43.07M | $22.36M | ($7.75M) |
Ratios
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 65.9% | 66.1% | 60.8% | 57.4% |
| Operating margin | -8.5% | -18.9% | -32.5% | -28.9% |
| EBITDA margin | -7.6% | -18.1% | -31.0% | -27.2% |
| Net margin | -9.0% | -16.9% | -27.9% | -27.5% |
| Free cash flow margin | 13.2% | 7.8% | 5.2% | -2.4% |
| FCF / Net income | -1.47 | -0.46 | -0.19 | 0.09 |
| R&D / Revenue | 9.4% | 9.8% | 10.0% | 14.0% |
| SG&A / Revenue | 30.9% | 36.9% | 43.6% | 41.8% |
| Effective tax rate | - | - | - | - |
| Return on assets | -2.3% | -3.7% | -3.8% | -4.5% |
| Return on equity | -4.6% | -7.3% | -9.3% | -8.7% |
| Return on invested capital | -3.4% | -6.5% | -8.6% | -7.1% |
| Liquidity | ||||
| Current ratio | 1.11 | 1.07 | 1.06 | 0.97 |
| Quick ratio | 1.11 | 1.07 | 1.06 | 0.97 |
| Cash ratio | 0.10 | 0.08 | 0.07 | 0.01 |
| Leverage | ||||
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.02 |
| Debt / Assets | 0.00 | 0.00 | 0.00 | 0.01 |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | -11.8x | -22.6x | -258.1x | -53.2x |
| Equity multiplier | 2.03 | 2.00 | 2.44 | 1.93 |
| Liabilities / Assets | 0.51 | 0.50 | 0.59 | 0.41 |
| Efficiency | ||||
| Asset turnover | 0.25 | 0.22 | 0.14 | 0.16 |
| Inventory turnover | - | - | - | - |
| Days sales outstanding | 27d | 20d | 18d | 11d |
| Days inventory outstanding | - | - | - | - |
| Days payable outstanding | 45d | 55d | 30d | 31d |
| Cash conversion cycle | - | - | - | - |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 18.5% | 28.7% | 30.9% | - |
| Revenue CAGR (3y) | 25.9% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | 18.1% | 40.0% | 38.8% | - |
| Operating income growth (YoY) | 47.0% | 25.0% | -47.4% | - |
| Net income growth (YoY) | 36.8% | 22.1% | -32.6% | - |
| EPS growth (YoY) | 37.7% | 23.2% | -16.9% | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | 100.9% | 92.6% | - | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | 1.0% | -0.9% | 23.7% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2024-06-30.
Product / service
$602.39M totalRecurring Fees$587.02M · 97.4%
Service Other$15.36M · 2.6%
Stability scores
Altman Z′
FY 2024 · bankruptcy risk
0.45
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2024 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing PAYCOR HCM against the 5 most active filers in the same SIC group.