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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,566,271 $ 985,941
Short-term investments 644,672 601,535
Accounts receivable, net 28,911 28,049
Acquired card receivables, net of allowances of $20,768 and $20,883 as of December 31, 2024 and June 30, 2024, respectively 581,661 697,216
Prepaid expenses and other current assets 251,877 297,169
Funds held for customers 3,766,541 3,704,907
Total current assets 6,839,933 6,314,817
Non-current assets:    
Operating lease right-of-use assets, net 60,144 59,414
Property and equipment, net 94,467 88,034
Intangible assets, net 253,134 281,471
Goodwill 2,396,509 2,396,509
Other assets 30,019 38,568
Total assets 9,674,206 9,178,813
Current liabilities:    
Accounts payable 5,723 7,447
Accrued compensation and benefits 29,249 34,158
Deferred revenue 21,775 17,006
Other accruals and current liabilities 265,548 299,506
Convertible senior notes, net 33,373 0
Customer fund deposits 3,766,541 3,704,907
Total current liabilities 4,122,209 4,063,024
Non-current liabilities:    
Deferred revenue 202 4,167
Operating lease liabilities 63,400 62,847
Borrowings from credit facilities, net 180,007 180,009
Convertible senior notes, net 1,498,490 733,991
Other long-term liabilities 504 574
Total liabilities 5,864,812 5,044,612
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock 2 2
Additional paid-in capital 5,267,182 5,233,037
Accumulated other comprehensive loss (239) (1,890)
Accumulated deficit (1,457,551) (1,096,948)
Total stockholders' equity 3,809,394 4,134,201
Total liabilities and stockholders' equity $ 9,674,206 $ 9,178,813