CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenue:
Total revenue	$ 191,592	$ 173,897	$ 376,559	$ 333,350
Cost of revenue:
Depreciation and amortization	18,705	16,108	37,785	32,129
Total cost of revenue	79,831	69,029	159,692	138,518
Gross profit	111,761	104,868	216,867	194,832
Operating expenses:
Research and development	30,616	25,862	62,267	51,283
Selling, general, and administrative	71,621	53,129	124,052	102,687
Acquisition costs	276	0	1,029	0
Depreciation and amortization	17,344	15,764	34,693	31,535
Total operating expenses	119,857	94,755	222,041	185,505
Income (loss) from operations	(8,096)	10,113	(5,174)	9,327
Interest expense—net	23,193	16,101	44,189	30,130
Other expenses (income)—net	(853)	31	(950)	74
Loss before income taxes	(30,436)	(6,019)	(48,413)	(20,877)
Income tax expense (benefit)	(4,732)	(1,724)	139	(1,769)
Net loss	(25,704)	(4,295)	(48,552)	(19,108)
Less: Net loss attributable to non-controlling interest	(5,693)	(1,100)	(8,983)	(4,060)
Net loss attributable to PowerSchool Holdings, Inc.	(20,011)	(3,195)	(39,569)	(15,048)
Net Income (Loss) Available to Common Stockholders, Basic	(20,011)	(3,195)	(39,569)	(15,048)
Net Income (Loss) Available to Common Stockholders, Diluted	$ (24,916)	$ (4,080)	$ (49,047)	$ (15,048)
Net loss attributable to the PowerSchool Holdings, Inc. per share of Class A common stock - basic (in dollars per share)	$ (0.12)	$ (0.02)	$ (0.24)	$ (0.09)
Net loss attributable to the PowerSchool Holdings, Inc. per share of Class A common stock - diluted (in dollars per share)	$ (0.12)	$ (0.02)	$ (0.24)	$ (0.09)
Weighted average shares of Class A common stock outstanding - basic (in shares)	166,040,370	163,067,859	165,538,730	161,794,290
Weighted average shares of Class A common stock outstanding - diluted (in shares)	203,694,429	200,721,918	203,192,789	161,794,290
Foreign currency translation	$ (304)	$ 21	$ (1,038)	$ 108
Unrealized Gain (Loss) on Investments	0	0	0	3
Total other comprehensive income (loss)	(304)	21	(1,038)	111
Less: Other comprehensive income (loss) attributable to non-controlling interest	(56)	4	(192)	21
Comprehensive loss attributable to PowerSchool Holdings, Inc.	(20,259)	(3,178)	(40,415)	(14,958)
Subscriptions and support
Revenue:
Total revenue	170,129	146,503	337,056	287,576
Cost of revenue:
Cost of revenue, excluding depreciation and amortization	47,768	36,781	94,095	74,975
Service
Revenue:
Total revenue	19,321	20,197	36,007	36,429
Cost of revenue:
Cost of revenue, excluding depreciation and amortization	12,210	15,123	25,593	29,446
License and other
Revenue:
Total revenue	2,142	7,197	3,496	9,345
Cost of revenue:
Cost of revenue, excluding depreciation and amortization	$ 1,148	$ 1,017	$ 2,219	$ 1,968

POWERSCHOOL HOLDINGS, INC. 10-Q