Loans Held For Investment (Tables)

6 Months Ended

Dec. 31, 2024

Receivables [Abstract]

Summary of Loans Held for Investment

Loans held for investment are included in prepaid expenses and other current assets in the accompanying consolidated balance sheets and consisted of the following as of the dates presented (in thousands):

	December 31, 2024		June 30, 2024
Unpaid principal balance (1)	$	59,772	$	44,491
Less: Discount at loan purchase, net of amortization	(1,454)		(1,120)
Less: Allowance for expected credit losses	(13,340)		(4,700)
Loans held for investment, net	$	44,978	$	38,671

(1) The outstanding balance of term loans, originated during fiscal 2024, was $3.7 million and $24.2 million as of December 31, 2024 and June 30, 2024, respectively. There were no term loans originated during the three and six months ended December 31, 2024.