PowerSchool (PWSC) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jul. 31, 2024	Jan. 31, 2024	Dec. 31, 2023
Cover [Abstract]
Document Type		10-Q
Document Period End Date		Jun. 30, 2024
Current Fiscal Year End Date		--12-31
Document Transition Report		false
Entity File Number		001-40684
Entity Registrant Name		PowerSchool Holdings, Inc.
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		85-4166024
Entity Address, Address Line One		150 Parkshore Drive
Entity Address, City or Town		Folsom
Entity Address, Postal Zip Code		95630(Zip Code)
City Area Code		(877)
Local Phone Number		873-1550
Title of 12(b) Security		Class A Common Stock, par value $0.0001 per share
Trading Symbol		PWSC
Security Exchange Name		NYSE
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Entity Filer Category		Large Accelerated Filer
Smaller Reporting Company		false
Emerging Growth Company		false
Entity Shell Company		false
Entity Common Stock, Shares Outstanding			204,180,143
Entity Central Index Key		0001835681
Document Fiscal Year Focus		2024
Document Fiscal Period Focus	Q2
Amendment Flag		false
Document Information [Line Items]
Entity Common Stock, Shares Outstanding			204,180,143
Document Quarterly Report		true
Document Transition Report		false
Entity File Number		001-40684
Entity Incorporation, State or Country Code		DE
Entity Tax Identification Number		85-4166024
Entity Address, City or Town		Folsom
Entity Address, Address Line One		150 Parkshore Drive
Entity Address, State or Province		CA
Entity Address, Postal Zip Code		95630(Zip Code)
Title of 12(b) Security		Class A Common Stock, par value $0.0001 per share
Trading Symbol		PWSC
Security Exchange Name		NYSE
Entity Filer Category		Large Accelerated Filer
Smaller Reporting Company		false
Emerging Growth Company		false
Document Period End Date		Jun. 30, 2024
Entity Central Index Key		0001835681
Current Fiscal Year End Date		--12-31
Document Fiscal Year Focus		2024
Document Fiscal Period Focus	Q2
Amendment Flag		false
Entity Shell Company		false
Entity Current Reporting Status		Yes
Entity Interactive Data Current		Yes
Class B common stock
Document Information [Line Items]
Common stock, shares outstanding (in shares)				37,654,059	37,654,059
Class A common stock
Document Information [Line Items]
Common stock, shares outstanding (in shares)					164,796,626

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 20,678	$ 39,054
Accounts receivable—net of allowance of $7,143 and $7,930 respectively	89,393	76,618
Prepaid expenses and other current assets	45,797	40,449
Total current assets	155,868	156,121
Property and equipment - net	7,773	5,003
Capitalized product development costs - net	113,661	112,089
Goodwill	2,768,966	2,740,725
Intangible assets - net	666,591	710,635
Other assets	35,491	36,311
Total assets	3,761,242	3,776,882
Current Liabilities:
Accounts payable	14,200	13,629
Accrued expenses	128,094	116,271
Deferred revenue, current	206,482	373,672
Revolving credit facility	187,000	0
Current portion of long-term debt	8,379	8,379
Total current liabilities	547,553	516,909
Noncurrent Liabilities:
Other liabilities	1,142	2,178
Deferred taxes	268,953	275,316
Tax Receivable Agreement liability	375,647	396,397
Deferred revenue—net of current	6,875	6,111
Long-term debt, net	809,669	811,325
Total liabilities	2,022,623	2,021,595
Commitments and Contingencies
Stockholders' Equity:
Additional paid-in capital	1,550,637	1,520,288
Accumulated other comprehensive loss	(3,132)	(2,094)
Accumulated deficit	(257,956)	(218,387)
Total stockholders' equity attributable to PowerSchool Holdings, Inc.	1,289,569
Non-controlling interest	449,050
Total stockholders' equity	1,738,619	1,755,287
Total stockholders' equity attributable to PowerSchool Holdings, Inc.		1,299,827
Non-controlling interest		455,460
Total stockholders' equity		1,755,287
Total liabilities and stockholders' equity	3,761,242	3,776,882
Operating Lease, Liability, Current	3,398	4,958
Tax Receivable Agreement liability, current	43,653	21,957
Increase in operating lease, right-of-use assets	12,892	15,998
Operating Lease, Liability, Noncurrent	12,784	13,359
Less allowance		$ (7,930)
Class A common stock
Stockholders' Equity:
Common stock, shares outstanding (in shares)		164,796,626
Common stock	16	$ 16
Common stock, shares issued (in shares)		164,796,626
Class B common stock
Stockholders' Equity:
Common stock, shares outstanding (in shares)		37,654,059
Common stock	$ 4	$ 4
Common stock, shares issued (in shares)		37,654,059

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Jan. 31, 2024	Dec. 31, 2023	Jul. 27, 2021
Accounts receivable, allowance for credit losses	$ 7,143		$ 7,930
Class A common stock
Common stock, par value (in dollars per share)				$ 0.0001
Common stock, shares authorized (in shares)				500,000,000
Common stock, shares issued (in shares)	166,471,395		164,796,626
Common stock, shares outstanding (in shares)			164,796,626
Class B common stock
Common stock, par value (in dollars per share)				$ 0.0001
Common stock, shares authorized (in shares)				300,000,000
Common stock, shares issued (in shares)			37,654,059
Common stock, shares outstanding (in shares)		37,654,059	37,654,059

CONSOLIDATED STATEMENTS OF OPER

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

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’/ MEMBERS’ EQUITY - USD ($) $ in Thousands	Total	Class A common stock	Class B common stock	Common stock Class A common stock	Common stock Class B common stock	Additional paid-in capital	Accumulated other comprehensive income (loss)	Accumulated deficit	Non-controlling interest
Stockholder's equity, beginning balance (in shares) at Dec. 31, 2022				159,596,000	39,928,000
Stockholder's equity, beginning balance at Dec. 31, 2022	$ 1,733,944			$ 16	$ 4	$ 1,438,019	$ (2,122)	$ (187,250)	$ 485,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Management incentive unit and stock-based compensation	15,280					15,280
Other Comprehensive Income (Loss), Net of Tax	89						89
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(14,813)							(11,853)	(2,960)
Adjustment to deferred taxes	(1,255)					(1,255)
Issuance of common stock upon vesting of Restricted Stock Awards (in shares)				1,000,000
Allocation of equity to non-controlling interests						(772)			772
Stock Issued During Period, Value, Conversion of Units		$ (2,274)	$ 2,274			27,642			(27,642)
Stockholder's equity, ending balance (in shares) at Mar. 31, 2023				162,870,000	37,654,000
Stockholder's equity, ending balance at Mar. 31, 2023	1,731,961			$ 16	$ 4	1,477,630	(2,033)	(199,103)	455,447
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	1,284					(1,284)
Stockholder's equity, beginning balance (in shares) at Dec. 31, 2022				159,596,000	39,928,000
Stockholder's equity, beginning balance at Dec. 31, 2022	1,733,944			$ 16	$ 4	1,438,019	(2,122)	(187,250)	485,277
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Net of Tax	111
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(19,108)
Member's investment, ending balance at Jun. 30, 2023	1,746,030						(2,012)	(202,298)
Stockholder's equity, ending balance (in shares) at Jun. 30, 2023				163,456,000	37,654,000
Stockholder's equity, ending balance at Jun. 30, 2023				$ 16	$ 4	1,493,586			456,734
Stockholder's equity, beginning balance (in shares) at Mar. 31, 2023				162,870,000	37,654,000
Stockholder's equity, beginning balance at Mar. 31, 2023	1,731,961			$ 16	$ 4	1,477,630	(2,033)	(199,103)	455,447
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Management incentive unit and stock-based compensation	18,261					18,261
Other Comprehensive Income (Loss), Net of Tax	21
Foreign currency translation	21						21
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(4,295)							(3,195)	(1,100)
Adjustment to deferred taxes	223					223
Issuance of common stock upon vesting of Restricted Stock Awards (in shares)				586,000
Allocation of equity to non-controlling interests						(2,387)			2,387
Member's investment, ending balance at Jun. 30, 2023	1,746,030						(2,012)	(202,298)
Stockholder's equity, ending balance (in shares) at Jun. 30, 2023				163,456,000	37,654,000
Stockholder's equity, ending balance at Jun. 30, 2023				$ 16	$ 4	1,493,586			456,734
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	141					(141)
Member's investment, beginning balance at Dec. 31, 2023	1,299,827
Stockholder's equity, beginning balance (in shares) at Dec. 31, 2023				164,796,000	37,654,000
Stockholder's equity, beginning balance at Dec. 31, 2023	1,755,287			$ 16	$ 4	1,520,288	(2,094)	(218,387)	455,460
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Management incentive unit and stock-based compensation	14,843					14,843
Other Comprehensive Income (Loss), Net of Tax	(734)						(734)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(22,848)							(19,558)	(3,290)
Adjustment to deferred taxes	(2,169)					(2,169)
Issuance of common stock upon vesting of Restricted Stock Awards (in shares)				931,000
Allocation of equity to non-controlling interests						(526)			526
Stockholder's equity, ending balance (in shares) at Mar. 31, 2024				165,727,000	37,654,000
Stockholder's equity, ending balance at Mar. 31, 2024	1,744,314			$ 16	$ 4	1,532,371	(2,828)	(237,945)	452,696
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	65					(65)
Member's investment, beginning balance at Dec. 31, 2023	1,299,827
Stockholder's equity, beginning balance (in shares) at Dec. 31, 2023				164,796,000	37,654,000
Stockholder's equity, beginning balance at Dec. 31, 2023	1,755,287			$ 16	$ 4	1,520,288	(2,094)	(218,387)	455,460
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other Comprehensive Income (Loss), Net of Tax	(1,038)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(48,552)
Stockholder's equity, ending balance (in shares) at Jun. 30, 2024				166,471,000	37,654,000
Stockholder's equity, ending balance at Jun. 30, 2024	1,738,619			$ 16	$ 4	1,550,637	(3,132)	(257,956)	449,050
Stockholder's equity, beginning balance (in shares) at Mar. 31, 2024				165,727,000	37,654,000
Stockholder's equity, beginning balance at Mar. 31, 2024	1,744,314			$ 16	$ 4	1,532,371	(2,828)	(237,945)	452,696
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Management incentive unit and stock-based compensation	19,679					19,679
Other Comprehensive Income (Loss), Net of Tax	(304)						(304)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(25,704)							(20,011)	(5,693)
Adjustment to deferred taxes	686					686
Issuance of common stock upon vesting of Restricted Stock Awards (in shares)				744,000
Allocation of equity to non-controlling interests						(2,047)			2,047
Stockholder's equity, ending balance (in shares) at Jun. 30, 2024				166,471,000	37,654,000
Stockholder's equity, ending balance at Jun. 30, 2024	1,738,619			$ 16	$ 4	1,550,637	$ (3,132)	$ (257,956)	$ 449,050
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based Payment Arrangement, Decrease for Tax Withholding Obligation	$ 52					$ (52)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (48,552)	$ (19,108)
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation, Depletion and Amortization	72,477	63,664
Share-based Payment Arrangement, Noncash Expense	33,168	32,043
Operating Lease, Right-of-Use Asset, Periodic Reduction	1,451	1,599
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	(99)	(635)
Amortization of Debt Issuance Costs	2,975	1,761
Accounts Receivable, Credit Loss Expense (Reversal)	(953)	1,364
Gain (Loss) on Termination of Lease	2,291	53
Gain (Loss) on Disposition of Property Plant Equipment	(501)	(41)
Increase (Decrease) in Operating Capital [Abstract]
Increase (Decrease) in Accounts Receivable	(10,841)	(25,151)
Increase (Decrease) in Prepaid Expense and Other Assets	(4,954)	(2,687)
Increase (Decrease) in Other Noncurrent Assets	376	(3,277)
Increase (Decrease) in Accounts Payable	1,346	(183)
Increase (Decrease) in Accrued Liabilities	(8,615)	(12,207)
Increase (Decrease) in Other Noncurrent Liabilities	(3,449)	(3,607)
Increase (Decrease) in Deferred Income Taxes	(948)	(2,834)
Increase (Decrease) in Tax Receivable Agreement Liability	945	385
Increase (Decrease) in Contract with Customer, Liability	(173,156)	(123,962)
Net Cash Provided by (Used in) Operating Activities, Total	(137,039)	(92,741)
Net Cash Provided by (Used in) Investing Activities [Abstract]
Payments to Acquire Property, Plant, and Equipment	(4,951)	(938)
Proceeds from Sale of Property, Plant, and Equipment	839	0
Payments to Develop Software	(18,070)	(19,948)
Payments to Acquire Businesses, Net of Cash Acquired	(36,062)	0
Payment for Contingent Consideration Liability, Investing Activities	(5,800)
Net Cash Provided by (Used in) Investing Activities, Total	(64,044)	(20,886)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Payment, Tax Withholding, Share-based Payment Arrangement	(117)	(1,425)
Proceeds from Long-term Lines of Credit	350,000	10,000
Payment for Contingent Consideration Liability, Financing Activities	(245)
Net Cash Provided by (Used in) Financing Activities, Total	182,448	4,700
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	259	(161)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	(18,376)	(109,088)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance	39,554	137,982
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance	21,178	28,894
Supplemental Cash Flow Information [Abstract]
Interest Paid, Excluding Capitalized Interest, Operating Activities	39,770	27,669
Income Taxes Paid, Net	1,419	1,806
Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Capital Expenditures Incurred but Not yet Paid	231	83
Interest Costs Capitalized	838	753
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]
Cash and cash equivalents	20,678	28,394
Restricted Cash and Cash Equivalents	500	500
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Total	21,178	28,894
Revolving Credit
Net Cash Provided by (Used in) Financing Activities [Abstract]
Repayments of lines of credit	(163,000)	0
First Lien Debt
Net Cash Provided by (Used in) Financing Activities [Abstract]
Repayments of lines of credit	$ (4,190)	$ (3,875)

BUSINESS

BUSINESS	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS	BUSINESS Background and Nature of Operations PowerSchool Holdings, Inc. (the “Company,” “PowerSchool,” “we,” “us,” or “our” ) was formed as a Delaware corporation on November 30, 2020 for the purpose of completing an initial public offering (“IPO”) and a series of transactions in order to carry on the business of PowerSchool Holdings LLC (“Holdings LLC”), formerly known as Severin Holdings, LLC . Our Principal Stockholders are Onex Partners Managers LP (“Onex”) and Vista Equity Partners (“Vista”). The transactions included amendments to the Company’s operating agreement to modify its capital structure by replacing the membership interests then held by its existing owners with a new class of membership interests (“LLC Units”) held initially by Severin Topco LLC (“Topco LLC”), a portion of which have a participation threshold (the “Participation Units”) and appointing the Company as the sole managing member of Holdings LLC; issuance of unrestricted and restricted Class A common stock, par value $0.0001 per share, of the Company (the “Class A common stock”) in exchange for vested and unvested pre-IPO share-based awards, issuance of 39,928,472 shares of Class B common stock, par value $0.0001 per share, of the Company (the “Class B common stock”) to Topco LLC, on a one-to-one basis with the number of LLC Units (other than Participation Units), restructuring of certain entities (“Blocker Entities”) associated with the Principal Stockholders, and execution of an exchange agreement (the “Exchange Agreement”) with Topco LLC. Pursuant to the Exchange Agreement, Topco LLC is entitled to exchange LLC Units (other than Participation Units), together with an equal number of shares of Class B common stock, for shares of Class A common stock on a one-for-one basis or, at its election, for cash from a substantially concurrent public offering or private sale. Participation Units may be exchanged for a number of shares of Class A common stock based on an exchange formula that takes into account the current value of a share of Class A common stock and a pre-determined participation threshold. Additionally, the Company entered into a tax receivable agreement (the “TRA”) with Topco LLC, and the Principal Stockholders that provides for the payment by the Company to Topco LLC and the Principal Stockholders, collectively, of 85% of the amount of cash savings, if any, in U.S. federal, state and local income taxes. Collectively, these transactions are referred to as “Organizational Transactions”. The Company’s cloud platform is an integrated, enterprise-scale suite of solutions purpose-built for the K-12 education market. The Company’s platform is embedded in school workflows and is used by educators, students, administrators, and parents. Its cloud-based technology platform helps schools and districts efficiently manage state reporting and related compliance, special education, finance, human resources, talent, registration, attendance, funding, learning, instruction, grading, assessments, communications, and analytics in one unified platform. The Company’s integrated technology approach streamlines operations, aggregates disparate data sets, and develops insights using predictive modelling and machine learning. The Company is headquartered in Folsom, California, and together with its subsidiaries has locations in the United States (“U.S.”), Canada, India, and the United Arab Emirates. Proposed Merger with Bain Capital Private Equity, LP Merger Agreement On June 6, 2024, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with BCPE Polymath Buyer, Inc., a Delaware corporation (“Parent”), and BCPE Polymath Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent (“Merger Sub”). Parent and Merger Sub are affiliates of investment funds advised by Bain Capital Private Equity, LP. Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company surviving as a wholly owned subsidiary of Parent (the “Merger”). On June 7, 2024, the holders of a majority of the outstanding shares of Class A common stock and Class B common stock executed a written stockholder consent approving and adopting the Merger Agreement. The Merger is expected to close in the second half of fiscal year 2024, subject to satisfaction of closing conditions and regulatory requirements. Effect on Capital Stock Upon the terms and subject to the conditions set forth in the Merger Agreement, upon the effective time of the Merger (the “Effective Time”), each share of Class A common stock that is issued and outstanding as of immediately prior to the Effective Time, will be automatically cancelled, extinguished and converted into the right to receive $22.80, without interest thereon. Upon the terms and subject to the conditions set forth in the Merger Agreement, at the Effective Time, each share of Class B common stock that is issued and outstanding as of immediately prior to the Effective Time, will be automatically cancelled and no payment shall be made with respect thereto. Closing Conditions The closing of the Merger is subject to certain conditions, including (i) the Company’s receipt of written consent of stockholders adopting the Merger Agreement (which was satisfied on June 7, 2024), (ii) the expiration or termination of the waiting periods applicable to the transactions set forth in the Merger Agreement under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (with such waiting period having expired at 11:59 pm ET on July 22, 2024), (iii) an information statement shall have been mailed to the Company’s stockholders at least 20 days prior to the closing date, (iv) a Change of Control Exchange (as defined in the Amended and Restated Limited Liability Company Agreement of PowerSchool Holdings, LLC) shall have occurred and become effective as of immediately prior to the Effective Time, (v) the TRA Amendment (as defined below) shall be in full force and effect and (vi) other customary conditions for a transaction of this type, such as the absence of any legal restraint prohibiting the consummation of the transaction and the absence of any Company Material Adverse Effect (as defined in the Merger Agreement) since the date of the Merger Agreement that has occurred that is continuing. The closing of the transactions set forth in the Merger Agreement will not occur prior to September 30, 2024 without the prior written consent of Parent. Termination Rights and Termination Fee The Merger Agreement contains certain customary termination rights for the Company and Parent, including if the Merger is not consummated on or before the “outside date” of March 6, 2025 (the “Termination Date”). In the case of termination, under certain conditions, the Company will be required to pay Parent a termination fee equal to $134,650,000. Parent is also required to pay the Company a termination fee equal to $269,300,000 under certain conditions.

PROPERTY AND EQUIPMENT_NET

PROPERTY AND EQUIPMENT—NET	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT—NET	PROPERTY AND EQUIPMENT—NET Property and equipment by category are as follows (in thousands): June 30, 2024 December 31, 2023 Computer and software 15,660 16,073 Furniture and fixtures 1,148 1,641 Leasehold improvements 5,786 2,387 Property and equipment 22,594 20,101 Less accumulated depreciation (14,821) (15,098) Property and equipment—net $ 7,773 $ 5,003

CAPITALIZED PRODUCT DEVELOPMENT

CAPITALIZED PRODUCT DEVELOPMENT COSTS—NET	6 Months Ended
	Jun. 30, 2024
Research and Development [Abstract]
CAPITALIZED PRODUCT DEVELOPMENT COSTS—NET	CAPITALIZED PRODUCT DEVELOPMENT COSTS—NET Capitalized product development costs and related accumulated amortization consist of the following (in thousands): June 30, 2024 December 31, 2023 Gross capitalized product development costs $ 213,802 $ 194,341 Less accumulated amortization (100,141) (82,252) Capitalized product development costs—net $ 113,661 $ 112,089 Intangible assets are amortized using the straight-line method based on the expected useful lives of the assets. The carrying values of acquired amortizing intangible assets are as follows (in thousands): June 30, 2024 Weighted- Average Useful Life December 31, 2023 Weighted- Average Useful Life Intangible Assets—Gross Developed technology $ 327,237 8 years $ 321,957 8 years Customer relationships 793,808 14 years 791,253 14 years Trademarks 62,383 9 years 61,595 9 years Other 259 3 years 259 3 years $ 1,183,687 $ 1,175,064 Accumulated Amortization Developed technology $ (189,373) $ (169,777) Customer relationships (296,372) (266,473) Trademarks (31,220) (28,092) Other (131) (87) $ (517,096) $ (464,429) Intangible Assets—Net Developed technology $ 137,864 $ 152,180 Customer relationships 497,436 524,780 Trademarks 31,163 33,503 Other 128 172 $ 666,591 $ 710,635 Amortization of developed technology is recorded in cost of revenue, while the amortization of trademarks, customer relationships and other intangibles is included in operating expense on the Company’s consolidated statements of operations and comprehensive loss.

OTHER INTANGIBLE ASSETS_NET

OTHER INTANGIBLE ASSETS—NET	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
OTHER INTANGIBLE ASSETS—NET	CAPITALIZED PRODUCT DEVELOPMENT COSTS—NET Capitalized product development costs and related accumulated amortization consist of the following (in thousands): June 30, 2024 December 31, 2023 Gross capitalized product development costs $ 213,802 $ 194,341 Less accumulated amortization (100,141) (82,252) Capitalized product development costs—net $ 113,661 $ 112,089 Intangible assets are amortized using the straight-line method based on the expected useful lives of the assets. The carrying values of acquired amortizing intangible assets are as follows (in thousands): June 30, 2024 Weighted- Average Useful Life December 31, 2023 Weighted- Average Useful Life Intangible Assets—Gross Developed technology $ 327,237 8 years $ 321,957 8 years Customer relationships 793,808 14 years 791,253 14 years Trademarks 62,383 9 years 61,595 9 years Other 259 3 years 259 3 years $ 1,183,687 $ 1,175,064 Accumulated Amortization Developed technology $ (189,373) $ (169,777) Customer relationships (296,372) (266,473) Trademarks (31,220) (28,092) Other (131) (87) $ (517,096) $ (464,429) Intangible Assets—Net Developed technology $ 137,864 $ 152,180 Customer relationships 497,436 524,780 Trademarks 31,163 33,503 Other 128 172 $ 666,591 $ 710,635 Amortization of developed technology is recorded in cost of revenue, while the amortization of trademarks, customer relationships and other intangibles is included in operating expense on the Company’s consolidated statements of operations and comprehensive loss.

ACCRUED EXPENSES

ACCRUED EXPENSES	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
ACCRUED EXPENSES	ACCRUED EXPENSES The following table presents the detail of accrued expenses (in thousands): June 30, 2024 December 31, 2023 Accrued compensation $ 28,879 $ 43,075 Accrued interest 13,888 12,654 Accrued taxes 297 1,530 TRA liability, current 43,653 21,957 Other accrued expenses 41,377 37,055 Total accrued expenses $ 128,094 $ 116,271

LONG-TERM DEBT AND REVOLVING CR

LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT	LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT First Lien Credit Agreement (“First Lien”) In August 2018, the Company entered into a loan agreement with a consortium of lenders which provided $775.0 million of term loans. The First Lien also provided a Revolving Credit Agreement, discussed in more detail below. On July 31, 2023, the Company entered into an incremental facility to the First Lien to borrow an additional $100.0 million aggregate principal amount of incremental term loans, increasing the principal balance outstanding under the First Lien to $840.1 million as of the date of the amendment. Debt issuance costs of $0.8 million were recorded as a reduction to the carrying value of the related debt. On October 12, 2023, the Company amended the First Lien to extend the maturity date on the agreement from July 31, 2025 to August 1, 2027. Debt issuance costs of $13.1 million were recorded as a reduction to the carrying value of the related debt. The amended First Lien is repayable in quarterly payments of $2.1 million through August 1, 2027, with all remaining outstanding principal due on August 1, 2027. As of June 30, 2024, the interest rate for the First Lien is the rate per annum equal to the Secured Overnight Financing Rate (“SOFR”), plus the applicable margin. The applicable margin is initially 3.25% per annum with a 0.25% step down based on the First Lien Net Leverage Ratio. The interest rate for the First Lien as of June 30, 2024 and December 31, 2023 was 8.33% and 8.38%, respectively. The First Lien is collateralized on a first lien basis by certain assets and property of the Company and includes covenants that among other things limit our ability to incur additional debt or issue dividends. As of June 30, 2024, we were in compliance with all covenants associated with the First Lien. Revolving Credit Agreement The First Lien provides for a Revolving Credit Agreement allowing the Company to borrow funds from time to time. In July 2021, the Revolving Credit Agreement was amended and permitted the Company to borrow up to $289.0 million. On October 12, 2023, the Revolving Credit Agreement was further amended to permit the Company to borrow up to $400.0 million and extended the maturity date from May 2, 2025 to May 2, 2027. In connection with the increase of the borrowing capacity and the extension of the maturity date, the Company paid fees of $2.0 million, which was recorded as capitalized debt issuance cost and presented within other assets on the consolidated balance sheet . The interest rate is equal to SOFR, plus the applicable margin. The applicable margin is initially 3.25% per annum with up to a 0.50% step down based on the First Lien Net Leverage Ratio. We are also required to pay a commitment fee on the unused portion of the Revolving Credit Agreement of 0.50% per annum with up to a 0.25% step down based on the First Lien Net Leverage Ratio, payable quarterly in arrears. During the six months ended June 30, 2024, the Company borrowed $350.0 million on the Revolving Credit Agreement. As of June 30, 2024, the outstanding balance on the revolving credit facility was $187.0 million and there was no outstanding balance on the facility as of December 31, 2023. The Revolving Credit Agreement requires the Company to maintain a First Lien Net Leverage Ratio (as defined therein) of not more than 7.75 to 1.00 if the Company has an outstanding balance on the Revolving Credit Agreement of greater than 35% of the borrowing capacity (excluding certain letters of credit) at a quarter end. As of June 30, 2024 and December 31, 2023, the Company was in compliance with all covenants associated with the Revolving Credit Agreement. The following table presents the outstanding long-term debt (in thousands): June 30, 2024 December 31, 2023 Total outstanding principal—First Lien $ 833,736 $ 837,926 Less current portion of long-term debt (8,379) (8,379) Less unamortized debt discount (4,160) (4,832) Less unamortized debt issuance costs (11,528) (13,390) Total long-term debt—net $ 809,669 $ 811,325 Maturities on long-term debt outstanding as of June 30, 2024 are as follows (in thousands): Year Ending December 31, 2024 (remaining six months) $ 4,190 2025 8,379 2026 8,379 2027 812,788 Total $ 833,736

STOCKHOLDERS_ EQUITY AND NON-CO

STOCKHOLDERS’ EQUITY AND NON-CONTROLLING INTEREST	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY AND NON-CONTROLLING INTEREST	STOCKHOLDERS’ EQUITY AND NON-CONTROLLING INTEREST Stockholders’ Equity The Company amended and restated its certificate of incorporation effective July 27, 2021 to authorize (i) 50,000,000 shares of preferred stock, par value $0.0001 per share, (ii) 500,000,000 shares of Class A common stock, par value $0.0001 per share, and (iii) 300,000,000 shares of Class B common stock, par value $0.0001 per share. Holders of our Class A common stock and Class B common stock vote together as a single class on all matters presented to stockholders for their vote or approval, except as otherwise required by law. Each share of Class A common stock and Class B common stock entitles its holder to one vote on all matters presented to our stockholders generally. As of June 30, 2024, t he holders of our issued Class A common stock collectively represented approximately 81.6% of the economic interest and voting power in the Company and Class B common stock collectively represented approximately 18.4% of the voting power in the Company. As of December 31, 2023, the Class B common stock collectively held approximately 18.6% of the voting power in the Company. Non-controlling interest The weighted average non-controlling interest percentage used to calculate the net loss and other comprehensive loss attributable to the non-controlling interest holders in the three months ended June 30, 2024 and 2023 was 18.5% and 18.8%, respectively.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS

PROPERTY AND EQUIPMENT_NET (Tab

PROPERTY AND EQUIPMENT—NET (Tables)	6 Months Ended
	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment by Category	Property and equipment by category are as follows (in thousands): June 30, 2024 December 31, 2023 Computer and software 15,660 16,073 Furniture and fixtures 1,148 1,641 Leasehold improvements 5,786 2,387 Property and equipment 22,594 20,101 Less accumulated depreciation (14,821) (15,098) Property and equipment—net $ 7,773 $ 5,003

CAPITALIZED PRODUCT DEVELOPME_2

CAPITALIZED PRODUCT DEVELOPMENT COSTS—NET (Tables)	6 Months Ended
	Jun. 30, 2024
Research and Development [Abstract]
Schedule of Capitalized Product Development Costs	Capitalized product development costs and related accumulated amortization consist of the following (in thousands): June 30, 2024 December 31, 2023 Gross capitalized product development costs $ 213,802 $ 194,341 Less accumulated amortization (100,141) (82,252) Capitalized product development costs—net $ 113,661 $ 112,089 June 30, 2024 Weighted- Average Useful Life December 31, 2023 Weighted- Average Useful Life Intangible Assets—Gross Developed technology $ 327,237 8 years $ 321,957 8 years Customer relationships 793,808 14 years 791,253 14 years Trademarks 62,383 9 years 61,595 9 years Other 259 3 years 259 3 years $ 1,183,687 $ 1,175,064 Accumulated Amortization Developed technology $ (189,373) $ (169,777) Customer relationships (296,372) (266,473) Trademarks (31,220) (28,092) Other (131) (87) $ (517,096) $ (464,429) Intangible Assets—Net Developed technology $ 137,864 $ 152,180 Customer relationships 497,436 524,780 Trademarks 31,163 33,503 Other 128 172 $ 666,591 $ 710,635

GOODWILL (Tables)

GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in the carrying amounts of goodwill were as follows (in thousands): Balance—December 31, 2023 $ 2,740,725 Additions due to acquisition 31,035 Other adjustments 1 (2,794) Balance—June 30, 2024 $ 2,768,966 _____________ 1 Includes adjustments of acquisition-date fair value within the one-year measurement period and effects of foreign currency translation.

OTHER INTANGIBLE ASSETS_NET (Ta

OTHER INTANGIBLE ASSETS—NET (Tables)	6 Months Ended
	Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Values of Acquired Intangible Assets	Capitalized product development costs and related accumulated amortization consist of the following (in thousands): June 30, 2024 December 31, 2023 Gross capitalized product development costs $ 213,802 $ 194,341 Less accumulated amortization (100,141) (82,252) Capitalized product development costs—net $ 113,661 $ 112,089 June 30, 2024 Weighted- Average Useful Life December 31, 2023 Weighted- Average Useful Life Intangible Assets—Gross Developed technology $ 327,237 8 years $ 321,957 8 years Customer relationships 793,808 14 years 791,253 14 years Trademarks 62,383 9 years 61,595 9 years Other 259 3 years 259 3 years $ 1,183,687 $ 1,175,064 Accumulated Amortization Developed technology $ (189,373) $ (169,777) Customer relationships (296,372) (266,473) Trademarks (31,220) (28,092) Other (131) (87) $ (517,096) $ (464,429) Intangible Assets—Net Developed technology $ 137,864 $ 152,180 Customer relationships 497,436 524,780 Trademarks 31,163 33,503 Other 128 172 $ 666,591 $ 710,635

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2024
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	The following table presents the detail of accrued expenses (in thousands): June 30, 2024 December 31, 2023 Accrued compensation $ 28,879 $ 43,075 Accrued interest 13,888 12,654 Accrued taxes 297 1,530 TRA liability, current 43,653 21,957 Other accrued expenses 41,377 37,055 Total accrued expenses $ 128,094 $ 116,271

LONG-TERM DEBT AND REVOLVING _2

LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Outstanding Long-Term Debt	The following table presents the outstanding long-term debt (in thousands): June 30, 2024 December 31, 2023 Total outstanding principal—First Lien $ 833,736 $ 837,926 Less current portion of long-term debt (8,379) (8,379) Less unamortized debt discount (4,160) (4,832) Less unamortized debt issuance costs (11,528) (13,390) Total long-term debt—net $ 809,669 $ 811,325
Schedule of Maturities of Long-Term Debt	Maturities on long-term debt outstanding as of June 30, 2024 are as follows (in thousands): Year Ending December 31, 2024 (remaining six months) $ 4,190 2025 8,379 2026 8,379 2027 812,788 Total $ 833,736

BUSINESS (Details)

BUSINESS (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended			6 Months Ended
	Jun. 06, 2024	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jan. 31, 2024	Dec. 31, 2023	Jul. 30, 2021	Jul. 27, 2021
Class of Stock [Line Items]
Acquisition costs		$ 276	$ 0		$ 1,029	$ 0
Bain
Class of Stock [Line Items]
Acquisition costs	$ 13,200
Class A common stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)										$ 0.0001
Common stock, shares outstanding (in shares)								164,796,626
Percentage of voting power					81.60%
Class A common stock | IPO
Class of Stock [Line Items]
Common stock, par value (in dollars per share)									$ 0.0001
Class B common stock
Class of Stock [Line Items]
Common stock, par value (in dollars per share)										$ 0.0001
Common stock, shares outstanding (in shares)							37,654,059	37,654,059
Percentage of voting power				18.60%	18.40%

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Increase in operating lease, right-of-use assets	$ 12,892	$ 15,998
Increase in operating lease liabilities	16,182
Decrease in equity	$ (1,289,569)
Payments to affiliates, as a percentage of total tax benefits	85%

BUSINESS COMBINATIONS - Narrati

BUSINESS COMBINATIONS - Narrative (Details) - USD ($) $ in Thousands				3 Months Ended		6 Months Ended
	Jan. 22, 2024	Oct. 02, 2023	Aug. 09, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Business Acquisition [Line Items]
Acquisition costs				$ 276	$ 0	$ 1,029	$ 0
Goodwill				$ 2,768,966		$ 2,768,966		$ 2,740,725
Customer relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 43,600
Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		8,100
Technology-Based Intangible Assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		26,500
Hobsons, Inc.
Business Acquisition [Line Items]
Consideration transferred			$ 10,000
Acquisition costs			700
Goodwill			5,700
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net			(2,400)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			6,600
Hobsons, Inc. | Customer relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			4,900
Hobsons, Inc. | Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			10
Hobsons, Inc. | Technology-Based Intangible Assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles			$ 1,800
SchoolMessenger
Business Acquisition [Line Items]
Consideration transferred		300,266
Business Combination, Consideration Transferred, Liabilities Incurred		10,000
Acquisition costs		2,300
Goodwill		247,815
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		52,451
Payments to Acquire Businesses, Gross		$ 290,300
Allovue
Business Acquisition [Line Items]
Consideration transferred	$ 38,200
Business Combination, Consideration Transferred, Liabilities Incurred	1,200
Acquisition costs	1,300
Goodwill	31,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	1,900
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	9,000
Payments to Acquire Businesses, Gross	37,000
Allovue | Customer relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	2,800
Allovue | Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	800
Allovue | Technology-Based Intangible Assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 5,400

BUSINESS COMBINATIONS - Assets

BUSINESS COMBINATIONS - Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Oct. 02, 2023	Aug. 09, 2023	Jun. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill			$ 2,768,966	$ 2,740,725
Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 8,100
Customer relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	43,600
Technology-Based Intangible Assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	26,500
Hobsons, Inc.
Business Acquisition [Line Items]
Consideration transferred		$ 10,000
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net		(2,400)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		6,600
Goodwill		5,700
Hobsons, Inc. | Trademarks
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		10
Hobsons, Inc. | Customer relationships
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		4,900
Hobsons, Inc. | Technology-Based Intangible Assets
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles		$ 1,800
SchoolMessenger
Business Acquisition [Line Items]
Consideration transferred	300,266
Payments to Acquire Businesses, Gross	290,300
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables	14,027
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets	(1,128)
Business Combination, Recognized Identifiable Asset Acquired and Liability Assumed, Lease Obligation	(409)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities	(539)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Deferred Revenue	(30,240)
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net	52,451
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	63
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets	409
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable	2,326
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities	(2,169)
Goodwill	247,815
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	93,827
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities	$ (5,693)

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 191,592	$ 173,897	$ 376,559	$ 333,350
United States
Disaggregation of Revenue [Line Items]
Total revenue	176,011	162,579	346,182	311,385
Canada
Disaggregation of Revenue [Line Items]
Total revenue	10,969	8,475	21,973	16,653
Other
Disaggregation of Revenue [Line Items]
Total revenue	4,612	2,843	8,404	5,312
SaaS
Disaggregation of Revenue [Line Items]
Total revenue	141,614	118,288	279,929	232,252
Professional services
Disaggregation of Revenue [Line Items]
Total revenue	19,321	20,197	36,007	36,429
Software maintenance
Disaggregation of Revenue [Line Items]
Total revenue	28,515	28,215	57,127	55,324
License and other
Disaggregation of Revenue [Line Items]
Total revenue	$ 2,142	$ 7,197	$ 3,496	$ 9,345

REVENUE - Changes in Deferred R

REVENUE - Changes in Deferred Revenues (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Contract with Customer, Liability [Roll Forward]
Balance at beginning of period	$ 379,783	$ 315,839
Decrease from revenue recognized	(319,247)	(311,189)
Increase from acquisitions	5,148	20,526
Increase from current year net deferred revenue additions	147,673	354,607
Balance at end of period	$ 213,357	$ 379,783

REVENUE - Performance Obligatio

REVENUE - Performance Obligations (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01	Jun. 30, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Percentage of remaining performance obligations expected to be recognized	97%
Performance obligations expected to be recognized, expected timing	12 months

REVENUE - Contract Cost Assets

REVENUE - Contract Cost Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract costs, current	$ 8,332		$ 8,332		$ 7,695
Contract costs, noncurrent	28,552		28,552		28,473
Total contract costs	36,884		36,884		$ 36,168
Amortization expense for contract costs	$ 2,000	$ 1,500	$ 3,900	$ 3,000

ACCOUNTS RECEIVABLE - Schedule

ACCOUNTS RECEIVABLE - Schedule of Accounts Receivable, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Receivables [Abstract]
Less allowance	$ (7,143)		$ (7,930)
Accounts receivable—net		$ 89,393	$ 76,618

ACCOUNTS RECEIVABLE - Schedul_2

ACCOUNTS RECEIVABLE - Schedule of Allowance for Credit Loss (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts, beginning balance	$ 7,930
Allowance for doubtful accounts, ending balance	$ 7,143

PROPERTY AND EQUIPMENT_NET (Det

PROPERTY AND EQUIPMENT—NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment	$ 22,594		$ 22,594		$ 20,101
Less accumulated depreciation	(14,821)		(14,821)		(15,098)
Property and equipment—net	7,773		7,773		5,003
Depreciation	900	$ 800	1,800	$ 1,700
Property, Plant and Equipment, Disposals	300
Computer and software
Property, Plant and Equipment [Line Items]
Property and equipment	15,660		15,660		16,073
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment	1,148		1,148		1,641
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment	$ 5,786		$ 5,786		$ 2,387

CAPITALIZED PRODUCT DEVELOPME_3

CAPITALIZED PRODUCT DEVELOPMENT COSTS—NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Research and Development Arrangement, Contract to Perform for Others [Line Items]
Gross capitalized product development costs	$ 213,802		$ 213,802		$ 194,341
Less accumulated amortization	(100,141)		(100,141)		(82,252)
Capitalized product development costs—net	113,661		113,661		112,089
Capitalized Computer Software, Amortization Expense, Maturity Schedule [Abstract]
45473	53,118		53,118
2025	106,147		106,147
2026	94,010		94,010
2027	77,118		77,118
2028	75,181		75,181
2029	261,017		261,017
Thereafter	666,591		666,591		$ 710,635
Capitalized Product Development Projects
Capitalized Computer Software, Amortization Expense, Maturity Schedule [Abstract]
Capitalized Computer Software, Amortization	$ 8,900	$ 7,400	$ 18,000	$ 14,600

GOODWILL (Details)

GOODWILL (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 2,740,725
Additions due to acquisitions	31,035
Other adjustments	(2,794)
Ending balance	$ 2,768,966

OTHER INTANGIBLE ASSETS_NET - C

OTHER INTANGIBLE ASSETS—NET - Carrying Values of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Intangible Assets—Gross	$ 1,183,687	$ 1,175,064
Accumulated Amortization	(517,096)	(464,429)
Thereafter	666,591	710,635
Developed technology
Finite-Lived Intangible Assets [Line Items]
Intangible Assets—Gross	327,237	321,957
Accumulated Amortization	(189,373)	(169,777)
Thereafter	$ 137,864	$ 152,180
Weighted- Average Useful Life	8 years	8 years
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible Assets—Gross	$ 793,808	$ 791,253
Accumulated Amortization	(296,372)	(266,473)
Thereafter	$ 497,436	$ 524,780
Weighted- Average Useful Life	14 years	14 years
Trademarks
Finite-Lived Intangible Assets [Line Items]
Intangible Assets—Gross	$ 62,383	$ 61,595
Accumulated Amortization	(31,220)	(28,092)
Thereafter	$ 31,163	$ 33,503
Weighted- Average Useful Life	9 years	9 years
License and other
Finite-Lived Intangible Assets [Line Items]
Intangible Assets—Gross	$ 259	$ 259
Accumulated Amortization	(131)
Thereafter	$ 128
Weighted- Average Useful Life	3 years	3 years

OTHER INTANGIBLE ASSETS_NET - A

OTHER INTANGIBLE ASSETS—NET - Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 26,256	$ 23,684	$ 52,691	$ 47,363
Cost of revenue
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	9,738	8,575	19,610	17,148
Selling, general, and administrative
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 16,518	$ 15,109	$ 33,081	$ 30,215

OTHER INTANGIBLE ASSETS_NET - E

OTHER INTANGIBLE ASSETS—NET - Estimated Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
45473	$ 53,118
2025	106,147
2026	94,010
2027	77,118
2028	75,181
2029	261,017
Thereafter	$ 666,591	$ 710,635

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Payables and Accruals [Abstract]
Accrued compensation	$ 28,879		$ 43,075
Accrued interest	13,888		12,654
Accrued taxes	297		1,530
Other accrued expenses	41,377		37,055
Total accrued expenses	128,094		116,271
Payment for Contingent Consideration Liability, Investing Activities	(5,800)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	(99)	$ (635)
Tax Receivable Agreement liability, current	$ 43,653		$ 21,957

Leases, Codification Topic 842

Leases, Codification Topic 842 (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Aug. 03, 2023
Leases [Abstract]
Operating Lease, Cost	$ 971	$ 943	$ 2,137	$ 1,897
Short-term Lease, Cost	36	3	66	19
Variable Lease, Cost	464	199	848	573
Lease, Cost	1,471	1,145	3,051	2,489
Operating Lease, Payments			3,471	3,663
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability			786	0
Lessee, Operating Lease, Liability, to be Paid, Year Two	3,559		3,559
Lessee, Operating Lease, Liability, to be Paid, Year Three	1,988		1,988
Lessee, Operating Lease, Liability, to be Paid, Year Four	1,913		1,913
Lessee, Operating Lease, Liability, to be Paid, Year Five	1,905		1,905
Lessee, Operating Lease, Liability, to be Paid, after Year Five	9,661		9,661
Lessee, Operating Lease, Liability, to be Paid	21,426		21,426
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	5,244		5,244
Increase in operating lease liabilities	$ 16,182		$ 16,182
Operating Lease, Weighted Average Remaining Lease Term	7 years 3 months 18 days		7 years 3 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent	7.20%		7.20%
Rent expense				1,900
Increase in operating lease, right-of-use assets	$ 12,892		$ 12,892		$ 15,998
Operating Lease, Impairment Loss	2,300
Lessee, Operating Lease, Liability, to be Paid, Year One	2,400		2,400
Rent expense	1,100	900	2,300
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Liability, to be Paid	21,426		21,426
Increase in operating lease liabilities	16,182		16,182
Increase in operating lease, right-of-use assets	12,892		12,892		$ 15,998
Lessee, Operating Lease, Liability, to be Paid, Year One	2,400		2,400
Lessee, Operating Lease, Liability, to be Paid, Year Two	3,559		3,559
Lessee, Operating Lease, Liability, to be Paid, Year Three	1,988		1,988
Lessee, Operating Lease, Liability, to be Paid, Year Four	1,913		1,913
Lessee, Operating Lease, Liability, to be Paid, Year Five	1,905		1,905
Operating Lease, Impairment Loss	2,300
Property, Plant and Equipment, Disposals	300
Operating Lease, Cost	971	943	2,137	1,897
Short-term Lease, Cost	36	3	66	19
Variable Lease, Cost	464	199	848	573
Lease, Cost	$ 1,471	$ 1,145	$ 3,051	$ 2,489
Iris lease
Leases [Abstract]
Lessee, Operating Lease, Liability, to be Paid						$ 18,000
Increase in operating lease liabilities						12,200
Increase in operating lease, right-of-use assets						12,300
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Liability, to be Paid						18,000
Increase in operating lease liabilities						12,200
Increase in operating lease, right-of-use assets						$ 12,300

LONG-TERM DEBT AND REVOLVING _3

LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT - Narrative (Details) $ in Thousands				6 Months Ended
	Oct. 12, 2023 USD ($)	Jul. 31, 2023 USD ($)	Aug. 01, 2018 USD ($)	Jun. 30, 2024 USD ($)	Aug. 09, 2024 USD ($)	Dec. 31, 2023 USD ($)	Oct. 02, 2023	Jul. 30, 2021 USD ($)
Debt Instrument [Line Items]
Aggregate principal amount		$ 840,100
Debt discounts				$ 4,160		$ 4,832
Debt issuance costs				11,528		13,390
Outstanding balance				187,000	$ 90,000	$ 0
Debt Instrument, Periodic Payment				2,100
Payment of debt issuance costs	$ 13,100	800
Line of Credit Facility, Increase (Decrease), Net		$ 100,000
2021 (remaining three months)				$ 4,190
Secured Debt | First Lien
Debt Instrument [Line Items]
Aggregate principal amount			$ 775,000
Percentage of principal due quarterly	0.25%
Secured Debt | First Lien | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Applicable margin	3.25%
Interest rate				8.33%		8.38%
Line of Credit | Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 400,000							$ 289,000
Borrowings from revolving credit facility				$ 350,000
Commitment fee percentage				0.50%
First lien net coverage ratio							7.75
Outstanding balance as a percentage of borrowing capacity							35%
Line of Credit | Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Applicable margin			3.25%
Step-down percentage			0.50%

LONG-TERM DEBT AND REVOLVING _4

LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT - Schedule of Outstanding Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Less current portion of long-term debt	$ (8,379)	$ (8,379)
Less unamortized debt discount	(4,160)	(4,832)
Less unamortized debt issuance costs	(11,528)	(13,390)
Total long-term debt—net	809,669	811,325
Secured Debt | First Lien
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 833,736	$ 837,926

LONG-TERM DEBT AND REVOLVING _5

LONG-TERM DEBT AND REVOLVING CREDIT AGREEMENT - Maturities of Long-Term Debt (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Maturities of Long-term Debt [Abstract]
2025	$ 8,379
2026	8,379
2027	812,788
Total	$ 833,736

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies [Line Items]
Rent expense	$ 1.1	$ 0.9	$ 2.3
Estimated liability for incurred, but not reported, medical claims	2		2	$ 1.6
Data Center, Cloud Hosting Arrangements and Other Services
Commitments and Contingencies [Line Items]
Remaining aggregate minimum purchase commitment	$ 184.9		$ 184.9

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Future Minimum Lease Payments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Lessee, Operating Lease, Liability, to be Paid, Year One	$ 2,400
Lessee, Operating Lease, Liability, to be Paid, Year Two	3,559
Lessee, Operating Lease, Liability, to be Paid, Year Three	1,988
Lessee, Operating Lease, Liability, to be Paid, Year Four	1,913
Lessee, Operating Lease, Liability, to be Paid, Year Five	1,905
Lessee, Operating Lease, Liability, to be Paid, Total	$ 21,426

STOCKHOLDERS_ EQUITY AND NON-_2

STOCKHOLDERS’ EQUITY AND NON-CONTROLLING INTEREST (Details) - $ / shares	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Jun. 30, 2024	Dec. 31, 2024	Jan. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Jul. 27, 2021
Class of Stock [Line Items]
Preferred stock, shares authorized (in shares)							50,000,000
Preferred stock, par value (in dollars per share)							$ 0.0001
PowerSchool Holdings, LLC
Class of Stock [Line Items]
Non-controlling interest percentage		18.50%				18.80%
Class A common stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)							500,000,000
Common stock, par value (in dollars per share)							$ 0.0001
Common stock, shares issued (in shares)			166,471,395		164,796,626
Common stock, shares outstanding (in shares)					164,796,626
Percentage of voting power		81.60%
Class B common stock
Class of Stock [Line Items]
Common stock, shares authorized (in shares)							300,000,000
Common stock, par value (in dollars per share)							$ 0.0001
Common stock, shares issued (in shares)					37,654,059
Common stock, shares outstanding (in shares)				37,654,059	37,654,059
Percentage of voting power	18.60%	18.40%

SHARE-BASED COMPENSATION - Narr

SHARE-BASED COMPENSATION - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Jul. 30, 2021	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 19,013	$ 17,494	$ 33,168	$ 32,043
Future compensation cost related to unvested units		173,700		$ 173,700
Future compensation cost recognition period				2 years 7 months 6 days
Share-based Payment Arrangement, Amount Capitalized		$ 700	$ 800	$ 1,400	1,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		51%	58%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		4.40%	3.70%
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)				2,760,198
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		7,843,611		7,843,611		7,170,788
Vested (in shares)				(1,662,374)
Units canceled (in shares)				(425,001)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 20.51		$ 20.51		$ 20.22
Units granted (in dollars per share)				21.10
Weighted-average grant date-fair value, vested (in dollars per share)				20.46
Units canceled (in dollars per share)				$ 19.68
Restricted Stock Units | 2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares)	19,315,000
Vesting percentage	25%
market share award
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 2,400	$ 1,300	$ 3,700	$ 1,400
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)				0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		0		0		16,530
Vested (in shares)				(16,530)
Units canceled (in shares)				0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 0		$ 0		$ 8.19
Units granted (in dollars per share)				0
Weighted-average grant date-fair value, vested (in dollars per share)				8.19
Units canceled (in dollars per share)				$ 0
Market Share Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Units granted (in shares)				371,052
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		845,898		845,898		474,846
Vested (in shares)				0
Units canceled (in shares)				0	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 27.29		$ 27.29		$ 26.64
Units granted (in dollars per share)				28.13
Weighted-average grant date-fair value, vested (in dollars per share)				$ 0
Aggregate intrinsic value (in USD)		$ 10,400	$ 12,600	$ 10,400	$ 12,600
Participation Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation expense		$ 500
Units granted (in shares)				537,799
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number		537,799		537,799		0
Vested (in shares)				0
Units canceled (in shares)				0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value		$ 16.89		$ 16.89		$ 0
Units granted (in dollars per share)				16.89
Weighted-average grant date-fair value, vested (in dollars per share)				$ 0
Aggregate intrinsic value (in USD)		$ 9,100		$ 9,100

SHARE-BASED COMPENSATION - Sche

SHARE-BASED COMPENSATION - Schedule of Restricted Stock Unit and Restricted Stock Awards Activity (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Restricted Stock Units
Restricted Stock Units
Beginning balance (in shares) | shares	7,170,788
Granted (in shares) | shares	2,760,198
Vested (in shares) | shares	(1,662,374)
Canceled (in shares) | shares	(425,001)
Ending balance (in shares) | shares	7,843,611
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 20.22
Granted (in dollars per share) | $ / shares	21.10
Vested (in dollars per share) | $ / shares	20.46
Canceled (in dollars per share) | $ / shares	19.68
Ending balance (in dollars per share) | $ / shares	$ 20.51
Restricted Stock Awards
Restricted Stock Units
Beginning balance (in shares) | shares	16,530
Granted (in shares) | shares	0
Vested (in shares) | shares	(16,530)
Canceled (in shares) | shares	0
Ending balance (in shares) | shares	0
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 8.19
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	8.19
Canceled (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 0

SHARE-BASED COMPENSATION - Shar

SHARE-BASED COMPENSATION - Share-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	$ 19,013	$ 17,494	$ 33,168	$ 32,043
Cost of revenue | Subscriptions and support
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	1,967	1,623	3,430	3,011
Cost of revenue | Service
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	796	919	1,475	1,730
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	4,779	4,536	8,259	8,265
Selling, general, and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	$ 11,471	$ 10,416	$ 20,004	$ 19,037

EARNINGS (LOSS) PER SHARE ATTRI

EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (EPS) - Schedule of Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Numerator:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (25,704)	$ (22,848)	$ (4,295)	$ (14,813)	$ (48,552)	$ (19,108)
Less: Net loss attributable to non-controlling interest	$ (5,693)		$ (1,100)		$ (8,983)	$ (4,060)
Denominator:
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
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)
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 income (loss)	(20,011)		(3,195)		(39,569)	(15,048)
Net Income (Loss) Attributable to Parent, Diluted	$ (24,916)		$ (4,080)		$ (49,047)	$ (15,048)
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average shares of Class A common stock outstanding - basic (in shares)	166,040,370		163,067,859		165,538,730	161,794,290
Net income (loss)	$ (20,011)		$ (3,195)		$ (39,569)	$ (15,048)
Net Income (Loss) Attributable to Parent, Diluted	$ (24,916)		$ (4,080)		$ (49,047)	$ (15,048)
Weighted average shares of Class A common stock outstanding - diluted (in shares)	203,694,429		200,721,918		203,192,789	161,794,290
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)
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	8,689,509		9,314,549		8,689,509	46,968,608
LLC units
Denominator:
Unvested RSAs and RSUs (in shares)	37,654,059		37,654,059		37,654,059	0
Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted	$ (4,905)		$ (885)		$ (9,478)	$ 0
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Unvested RSAs and RSUs (in shares)	37,654,059		37,654,059		37,654,059	0
Participating Securities, Distributed and Undistributed Earnings (Loss), Diluted	$ (4,905)		$ (885)		$ (9,478)	$ 0
Unvested RSAs and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	7,843,611		8,839,703		7,843,611	8,839,703
LLC units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	0		0		0	37,654,059
Member Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	845,898		474,846

EARNINGS (LOSS) PER SHARE ATT_2

EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO COMMON STOCKHOLDERS (EPS) - Schedule of Antidilutive Shares (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	8,689,509	9,314,549	8,689,509	46,968,608
Unvested RSAs and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	7,843,611	8,839,703	7,843,611	8,839,703
LLC units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)	0	0	0	37,654,059
Market Share Units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total excluded from diluted EPS calculation (in shares)			845,898	474,846

INCOME TAXES - Income (Loss) be

INCOME TAXES - Income (Loss) before Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (30,436)	$ (6,019)	$ (48,413)	$ (20,877)

INCOME TAXES - Schedule of Inco

INCOME TAXES - Schedule of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Deferred:
Total provision for income taxes	$ (4,732)	$ (1,724)	$ 139	$ (1,769)

INCOME TAXES - Effective Income

INCOME TAXES - Effective Income Tax Rate Reconciliation (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	15.50%	28.40%	(0.30%)	8.50%

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) $ in Millions	Jun. 30, 2024 USD ($)
Income Tax Disclosure [Abstract]
Payments to affiliates, as a percentage of total tax benefits	85%
Income Tax Examination, Non-Current Liability	$ 375.6
Unrecognized tax benefits that would impact effective tax rate	$ 10.9

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
	Dec. 31, 2023	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consulting and Implementation Services | Onex Partners Manager LP
Related Party Transaction [Line Items]
Amount of transactions with related parties					$ 0
Consulting and Implementation Services | Affiliated Entity with Common Ownership
Related Party Transaction [Line Items]
Purchases from related parties		$ 0.6	$ 2.6	$ 1.9	7.4
Amount of transactions with related parties	$ (0.2)			(0.1)
Reseller Agreement | Affiliated Entity
Related Party Transaction [Line Items]
Amount of transactions with related parties				40.4
Costs and Expenses, Related Party		$ 4	$ 4	$ 8	6.3
Secondary offering | Affiliated Entity
Related Party Transaction [Line Items]
Costs and Expenses, Related Party					$ 1.4

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Retirement Benefits [Abstract]
Employer matching contributions	$ 2.7	$ 2.7	$ 5.4	$ 5.4

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Thousands	1 Months Ended
	Aug. 09, 2024 USD ($)
Subsequent Event [Line Items]
Repayments of lines of credit	$ 97,000