Business Combinations (Tables)

9 Months Ended

Mar. 31, 2025

Schedule of preliminary allocation of purchase price

The preliminary allocation of the purchase price for Airbase was as follows, which reflects certain immaterial measurement period adjustments recorded during the nine months ended March 31, 2025:


Cash and cash equivalents	$	41,250
Funds held for clients	42,354
Proprietary technology	75,200
Client relationships	3,800
Non-solicitation agreements	2,400
Trade names	2,100
Goodwill	233,936
Other assets acquired	16,145
Client fund obligations	(42,354)
Other liabilities assumed	(13,376)
Total	$	361,455

Schedule of unaudited pro forma financial information

The unaudited pro forma information reflects certain adjustments that were directly attributable to the acquisition of Airbase, including amortization of acquired intangible assets, interest expense incurred to fund the acquisition and acquisition related costs.


	Three Months Ended March 31,				Nine Months Ended March 31,
	2024		2025		2024		2025
Revenue	$	406,371	$	454,548	$	1,060,497	$	1,200,882
Net income	$	73,815	$	93,216	$	121,475	$	174,667

Paylocity Holding Corp 10-Q