CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 573,643	$ 90,306	[1]
Short-term investments	123,974	71,969
Accounts receivable, net	4,252	4,398
Unbilled revenue	6,549	4,795
Prepaid expenses and other current assets	26,781	12,326
Funds held for customers	1,644,250	1,329,306
Total current assets	2,379,449	1,513,100
Property and equipment, net	13,866	6,557
Other assets	10,700	6,641
Total assets	2,404,015	1,526,298
Current liabilities:
Accounts payable	3,478	5,063
Accrued compensation and benefits	12,387	4,333
Other accrued and current liabilities	8,541	6,556
Redeemable convertible preferred stock warrant liabilities		688
Deferred revenue	5,891	3,469
Line of credit borrowings	2,300
Customer fund deposits	1,644,250	1,329,306
Total current liabilities	1,676,847	1,349,415
Deferred revenue, non-current	2,622	1,786
Other long-term liabilities	13,827	1,447
Total liabilities	1,693,296	1,352,648
Commitments and contingencies (Note 12)
Redeemable convertible preferred stock: none authorized, issued and outstanding at June 30, 2020; 106,090 shares authorized, and 52,435 shares issued and outstanding at June 30, 2019; liquidation preference of $280,513 at June 30, 2019		276,307
Stockholders' equity (deficit):
Preferred stock: $0.00001 par value per share; 10,000 shares authorized; none issued and outstanding
Additional paid-in capital	857,044	14,672
Accumulated other comprehensive income	2,420	326
Accumulated deficit	(148,747)	(117,656)
Total stockholders' equity (deficit)	710,719	(102,657)
Total liabilities, redeemable convertible preferred stock and stockholders' equity (deficit)	2,404,015	1,526,298
Common Stock
Stockholders' equity (deficit):
Common stock; $0.00001 par value per share; 500,000 and 169,300 shares authorized; 79,635 and 8,154 shares issued and outstanding at June 30, 2020 and 2019, respectively	2	1
Total stockholders' equity (deficit)	$ 2	$ 1

[1] Amounts have been adjusted to reflect the adoption of Accounting Standards Update No. 2016-18, Statement of Cash Flows (Topic 230): Restricted Cash. See Note 1 to the consolidated financial statements for a summary of reclassifications and adjustments.