REVENUE RECOGNITION

6 Months Ended

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

NOTE 2: REVENUE RECOGNITION

The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:

							(in 000s)
	Three months ended December 31,				Six months ended December 31,
	2024		2023		2024		2023
Revenues:
U.S. assisted tax preparation	$	48,380	$	48,342	$	91,343	$	87,605
U.S. royalties	3,499		5,454		9,351		11,155
U.S. DIY tax preparation	13,744		13,111		16,980		16,959
Refund Transfers	637		813		1,497		1,955
Peace of Mind® Extended Service Plan	16,145		17,440		39,242		42,287
Tax Identity Shield®	4,013		4,694		7,922		9,274
Emerald Card® and SpruceSM	10,148		11,700		18,974		20,333
Interest and fee income on Emerald Advance®	12,308		15,235		12,308		15,533
International	31,811		29,569		96,666		90,134
Wave	26,561		23,133		52,964		47,076
Other	11,824		9,592		25,633		20,572
Total revenues	$	179,070	$	179,083	$	372,880	$	362,883

Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:

							(in 000s)
POM	Deferred Revenue				Deferred Wages
Six months ended December 31,	2024		2023		2024		2023
Balance, beginning of the period	$	156,610	$	167,257	$	20,212	$	21,828
Amounts deferred	3,209		3,601		15		8
Amounts recognized on previous deferrals	(46,962)		(48,995)		(6,092)		(5,590)
Balance, end of the period	$	112,857	$	121,863	$	14,135	$	16,246

As of December 31, 2024, deferred revenue related to POM was $112.9 million. We expect that $83.0 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years.

As of December 31, 2024 and 2023, Tax Identity Shield® (TIS) deferred revenue was $14.1 million and $16.5 million, respectively. Deferred revenue related to TIS was $21.4 million and $25.2 million as of June 30, 2024 and 2023, respectively. All deferred revenue related to TIS will be recognized by April 2025.