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Stockholders' Equity
 3 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS’ EQUITY
Stock Based Compensation
Stock-based compensation by award type (in thousands):
Three Months Ended
September 30,
As of September 30, 2025
20252024Unrecognized
compensation
Weighted-average recognition period (in years)
Restricted stock units (RSUs)$56,783 $50,895 $446,895 2.6
Performance-based awards3,046 2,795 27,262 2.4
Employee stock purchase plan2,002 1,407 3,442 0.6
Market-based RSUs1,927 1,005 19,073 1.2
Stock options387 1,238 89 0.2
Total stock-based compensation$64,145 $57,340 $496,761 
Stock-based compensation was included in the following line items in the accompanying condensed consolidated statements of operations and condensed consolidated balance sheets (in thousands):
Three Months Ended
September 30,
20252024
Revenue - subscription and transaction fees$609 $527 
Cost of revenue - service costs2,345 2,145 
Research and development25,900 23,635 
Sales and marketing9,626 10,795 
General and administrative20,325 17,555 
Total amount charged to operating loss58,805 54,657 
Property and equipment (capitalized internal-use software)5,340 2,683 
Total stock-based compensation$64,145 $57,340 
Share Repurchase Program
In August 2024, the Company's board of directors approved a share repurchase program, pursuant to which the Company announced its intention to purchase up to $300.0 million of its outstanding shares of common stock (the August 2024 Share Repurchase Program). During the three months ended September 30, 2025 and 2024, the Company repurchased 1,392,005 shares for $65.5 million and 3,711,246 shares for $201.7 million, respectively, of its common stock under this program and completed the repurchase of shares under the August 2024 Share Repurchase Program, including the immaterial amount of accrued excise tax.
In August 2025, the Company's board of directors authorized an additional share repurchase program pursuant to which the Company announced its intention to purchase up to $300.0 million of its outstanding shares of common stock (the August 2025 Share Repurchase Program). The Company may repurchase such shares from time to time through open market purchases, in privately negotiated transactions, or by other means, including through the use of trading plans. The timing and total amount of stock repurchases will depend upon business, economic and market conditions, corporate and regulatory requirements, prevailing stock prices, and other considerations. The August 2025 Share Repurchase Program has no mandated end date, may be suspended, discontinued or modified at any time, and does not obligate the Company to acquire any amount of common stock.
The Company repurchased and subsequently retired 302,715 shares for $16.3 million under the August 2025 Share Repurchase Program, including the immaterial amount of accrued excise tax, during the three months ended September 30, 2025. As of September 30, 2025, $283.7 million remained available for future share repurchases under the August 2025 Share Repurchase Program.
During the three months ended September 30, 2025, the Company repurchased a total of 1,694,720 shares for $81.7 million under both the August 2024 and August 2025 Share Repurchase Programs, including the immaterial amount of accrued excise tax. The total price of the shares repurchased and related transaction costs are reflected as a reduction of common stock and an increase to accumulated deficit on the Company's condensed consolidated balance sheets.