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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Revenue $ 414,671 $ 362,554 $ 810,413 $ 721,004
Cost of revenue        
Service costs 69,190 56,298 135,257 109,900
Depreciation and amortization [1] 14,398 10,310 25,335 21,403
Total cost of revenue 83,588 66,608 160,592 131,303
Gross profit 331,083 295,946 649,821 589,701
Operating expenses        
Research and development 82,806 84,784 163,095 163,469
Sales and marketing 155,439 132,534 304,656 258,856
General and administrative 79,497 71,122 156,414 137,893
Provision for expected credit losses 22,624 21,358 38,720 42,019
Depreciation and amortization [1] 8,381 7,858 16,448 16,871
Restructuring 412 0 9,282 0
Total operating expenses 349,159 317,656 688,615 619,108
Operating loss (18,076) (21,710) (38,794) (29,407)
Other income, net 16,010 55,303 33,916 73,181
Income (loss) before provision for income taxes (2,066) 33,593 (4,878) 43,774
Provision for income taxes 522 45 672 1,314
Net income (loss) $ (2,588) $ 33,548 $ (5,550) $ 42,460
Net income (loss) per share attributable to common stockholders:        
Basic (dollars per share) $ (0.03) $ 0.33 $ (0.05) $ 0.41
Diluted (dollars per share) $ (0.03) $ (0.06) $ (0.05) $ 0.02
Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders:        
Basic (in shares) 100,532 103,102 101,227 104,394
Diluted (in shares) 100,532 104,480 101,227 107,718
Subscription and transaction fees        
Revenue $ 375,128 $ 319,616 $ 733,134 $ 634,559
Interest on funds held for customers        
Revenue $ 39,543 $ 42,938 $ 77,279 $ 86,445
[1] Depreciation and amortization do not include amortization of capitalized internal-use software costs paid in cash of $12.6 million and $17.1 million during the three and six months ended December 31, 2025, respectively, and $3.6 million and $7.4 million during the three and six months ended December 31, 2024, respectively, which are included in service costs in the condensed consolidated statements of operations.