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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Revenue $ 406,563 $ 358,217 $ 1,216,974 $ 1,079,221
Cost of revenue        
Service costs 62,726 56,733 197,983 166,633
Depreciation and amortization [1] 11,982 10,479 37,317 31,882
Total cost of revenue 74,708 67,212 235,300 198,515
Gross profit 331,855 291,005 981,674 880,706
Operating expenses        
Research and development 74,385 86,540 237,480 250,009
Sales and marketing 153,226 136,758 457,880 395,614
General and administrative 72,286 73,851 228,700 211,744
Provision for expected credit losses 18,834 14,945 57,554 56,964
Depreciation and amortization [1] 8,479 7,857 24,929 24,728
Restructuring 5,044 0 14,326 0
Total operating expenses 332,254 319,951 1,020,869 939,059
Operating loss (399) (28,946) (39,195) (58,353)
Other income, net 15,174 18,650 49,091 91,831
Income (loss) before provision for income taxes 14,775 (10,296) 9,896 33,478
Provision for income taxes 1,989 1,293 2,661 2,607
Net income (loss) $ 12,786 $ (11,589) $ 7,235 $ 30,871
Net income (loss) per share attributable to common stockholders:        
Basic (dollars per share) $ 0.13 $ (0.11) $ 0.07 $ 0.30
Diluted (dollars per share) $ 0.12 $ (0.11) $ 0.07 $ (0.09)
Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders:        
Basic (in shares) 99,285 102,219 100,589 103,679
Diluted (in shares) 112,677 102,219 102,309 104,139
Subscription and transaction fees        
Revenue $ 371,134 $ 320,298 $ 1,104,267 $ 954,857
Interest on funds held for customers        
Revenue $ 35,429 $ 37,919 $ 112,707 $ 124,364
[1] Depreciation and amortization does not include amortization of capitalized internal-use software costs paid in cash of $7.9 million and $25.0 million during the three and nine months ended March 31, 2026, respectively, and $3.6 million and $10.9 million during the three and nine months ended March 31, 2025, respectively, which are included in service costs and general and administrative in the condensed consolidated statements of operations.