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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 994,672 $ 1,038,346
Short-term investments 1,178,673 1,180,110
Accounts receivable, net 32,140 32,341
Acquired card receivables, net of allowances of $18,266 and $15,020 as of March 31, 2026 and June 30, 2025, respectively 819,359 685,108
Prepaid expenses and other current assets 259,804 258,418
Funds held for customers 3,999,136 4,044,470
Total current assets 7,283,784 7,238,793
Non-current assets:    
Operating lease right-of-use assets, net 49,936 56,086
Property and equipment, net 138,517 116,611
Intangible assets, net 177,311 222,805
Goodwill 2,396,509 2,396,509
Other assets 32,749 33,178
Total assets 10,078,806 10,063,982
Current liabilities:    
Accounts payable 7,148 16,293
Accrued compensation and benefits 32,665 39,581
Deferred revenue 21,290 22,435
Other accruals and current liabilities 325,521 252,455
Borrowings from credit facilities 0 180,005
Convertible senior notes, net 0 33,421
Customer fund deposits 3,999,136 4,044,470
Total current liabilities 4,385,760 4,588,660
Non-current liabilities:    
Deferred revenue 380 285
Operating lease liabilities 51,000 58,372
Borrowings from credit facilities 330,000 0
Convertible senior notes, net 1,504,854 1,501,044
Other long-term liabilities 4,077 1,581
Total liabilities 6,276,071 6,149,942
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock 2 2
Additional paid-in capital 5,571,103 5,414,645
Accumulated other comprehensive income 1,992 10,197
Accumulated deficit (1,770,362) (1,510,804)
Total stockholders' equity 3,802,735 3,914,040
Total liabilities and stockholders' equity $ 10,078,806 $ 10,063,982