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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 1,099,628 $ 1,038,346
Short-term investments 1,215,339 1,180,110
Accounts receivable, net 32,113 32,341
Acquired card receivables, net of allowances of $15,217 and $15,020 as of September 30, 2025 and June 30, 2025, respectively 738,765 685,108
Prepaid expenses and other current assets 269,326 258,418
Funds held for customers 3,974,674 4,044,470
Total current assets 7,329,845 7,238,793
Non-current assets:    
Operating lease right-of-use assets, net 54,066 56,086
Property and equipment, net 128,957 116,611
Intangible assets, net 207,640 222,805
Goodwill 2,396,509 2,396,509
Other assets 34,228 33,178
Total assets 10,151,245 10,063,982
Current liabilities:    
Accounts payable 6,999 16,293
Accrued compensation and benefits 35,950 39,581
Deferred revenue 20,782 22,435
Other accruals and current liabilities 306,405 252,455
Borrowings from credit facilities 0 180,005
Convertible senior notes, net 33,446 33,421
Customer fund deposits 3,974,674 4,044,470
Total current liabilities 4,378,256 4,588,660
Non-current liabilities:    
Deferred revenue 346 285
Operating lease liabilities 55,947 58,372
Borrowings from credit facilities 330,003 0
Convertible senior notes, net 1,502,321 1,501,044
Other long-term liabilities 1,661 1,581
Total liabilities 6,268,534 6,149,942
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock 2 2
Additional paid-in capital 5,464,986 5,414,645
Accumulated other comprehensive income 13,202 10,197
Accumulated deficit (1,595,479) (1,510,804)
Total stockholders' equity 3,882,711 3,914,040
Total liabilities and stockholders' equity $ 10,151,245 $ 10,063,982