Net Income (Loss) Per Share Attributable To Common Stockholders (Tables)

6 Months Ended

Dec. 31, 2025

Schedule of Basic and Diluted Net Income (Loss) per Share

The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stockholders (in thousands, except per share amounts):


	Three Months Ended December 31,				Six Months Ended December 31,
	2025		2024 (1)		2025		2024 (1)
Numerator:
Net income (loss) attributable to common stockholders
Basic	$	(2,588)	$	33,548	$	(5,550)	$	42,460
Gain on debt extinguishment	—		(39,983)		—		(39,983)
Diluted	$	(2,588)	$	(6,435)	$	(5,550)	$	2,477
Denominator:
Weighted-average shares used to compute net income per share attributable to common stockholders
Basic	100,532		103,102		101,227		104,394
Effect of dilutive securities:
Convertible senior notes	—		1,378		—		689
Equity awards	—		—		—		2,635
Diluted	100,532		104,480		101,227		107,718
Net income (loss) per share attributable to common stockholders
Basic	$	(0.03)	$	0.33	$	(0.05)	$	0.41
Diluted	$	(0.03)	$	(0.06)	$	(0.05)	$	0.02

(1) For the three and six months ended December 31, 2024, the dilutive effect of outstanding equity awards is reflected in diluted earnings per share by application of the treasury stock method and if-converted method.

Schedule of Potentially Dilutive Securities Excluded from Diluted Net Income Per Share Calculation

Potentially dilutive securities, which were excluded from the diluted net income (loss) per share calculations because they would have been antidilutive were as follows (in thousands):


	Three Months Ended December 31,		Six Months Ended December 31,
	2025	2024	2025	2024
Equity awards	9,228	10,542	9,233	7,612
Convertible senior notes	12,018	3,818	12,122	3,122
Total	21,246	14,360	21,355	10,734