XML 23 R8.htm IDEA: XBRL DOCUMENT v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:      
Net loss $ (18,217) $ (32,021) $ (69,425)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation and amortization 17,672 16,704 15,319
Amortization of operating lease right-of-use assets 5,039 4,781 4,639
Accounts receivable allowances 1,973 3,711 922
Stock-based compensation 88,086 59,895 67,769
Lease modification and impairment 0 0 1,601
Change in fair value of contingent consideration (1,027) (3,290) (1,762)
Deferred income taxes 448 (22) (912)
Other 389 239 154
Changes in operating assets and liabilities:      
Accounts receivable 1,170 (5,138) (26,402)
Unbilled receivables, current (6,162) (2,639) (3,898)
Prepaid expenses and other assets (8,003) (5,740) 1,261
Deferred commissions (3,716) (4,066) (3,394)
Accounts payable and accrued liabilities 13,491 9,438 2,313
Deferred revenue, net 35,327 28,261 46,565
Operating lease liabilities (5,132) (4,266) (5,922)
Other liabilities 2,191 1,384 (1,341)
Net cash provided by operating activities 123,529 67,231 27,487
Cash Flows from Investing Activities:      
Purchases of property and equipment (1,673) (2,457) (2,212)
Capitalized internal-use software costs (7,370) (6,398) (5,524)
Business combinations, net of cash acquired (51,832) (10,973) (6,604)
Purchase of strategic investments (2,000) 0 0
Net cash used in investing activities (62,875) (19,828) (14,340)
Cash Flows from Financing Activities:      
Proceeds from public offering, net of underwriting discounts 0 0 70,080
Payments for deferred offering costs 0 (781) (790)
Proceeds from stock option exercises 40,845 30,726 23,456
Proceeds from employee stock purchase plan 4,080 3,431 2,700
Payments related to tax withholding for vested equity awards 0 0 (9,056)
Payments of contingent consideration and holdback associated with acquisitions (3,742) (3,051) (22,290)
Net cash provided by financing activities 41,183 30,325 64,100
Effect of foreign currency exchange rate changes on cash and cash equivalents 2,902 (343) (373)
Net increase in cash, cash equivalents and restricted cash 104,739 77,385 76,874
Cash, cash equivalents and restricted cash - beginning of period 208,570 131,185 54,311
Cash, cash equivalents and restricted cash - end of period 313,309 208,570 131,185
Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets:      
Cash and cash equivalents 313,109 208,370 130,377
Restricted cash 200 200 808
Total cash, cash equivalents and restricted cash 313,309 208,570 131,185
Supplemental Disclosures of Cash Flow Information:      
Cash paid for income taxes, net of tax refunds 3,024 2,184 1,812
Non-cash investing and financing activities:      
Purchases of property and equipment in accounts payable and accrued liabilities 583 69 517
Capitalized internal-use software costs in accounts payable and accrued liabilities 938 702 378
Deferred offering costs in accounts payable and accrued liabilities 0 0 776
Contingent consideration and acquisition holdbacks in accounts payable, accrued expenses and other liabilities 1,134 3,052 5,941
Issuance of common stock in connection with a business combination 384 0 1,035
Stock-based compensation expense capitalized in internal-use software costs, net 478 0 0
Business combinations, net of cash acquired:      
Cash paid 51,920 13,967 6,711
Cash acquired (88) (2,994) (107)
Total consideration $ 51,832 $ 10,973 $ 6,604