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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue $ 362,554 $ 318,495 $ 721,004 $ 623,480
Cost of revenue        
Service costs 56,298 47,239 109,900 92,143
Depreciation and amortization [1] 10,310 11,138 21,403 22,260
Total cost of revenue 66,608 58,377 131,303 114,403
Gross profit 295,946 260,118 589,701 509,077
Operating expenses        
Research and development 84,784 86,489 163,469 175,552
Sales and marketing 132,534 118,305 258,856 236,704
General and administrative 71,122 70,053 137,893 143,304
Provision for expected credit losses 21,358 15,530 42,019 27,605
Depreciation and amortization [1] 7,858 12,324 16,871 25,141
Restructuring 0 25,091 0 25,091
Total operating expenses 317,656 327,792 619,108 633,397
Operating loss (21,710) (67,674) (29,407) (124,320)
Other income, net 55,303 28,919 73,181 58,227
Income (loss) before provision for income taxes 33,593 (38,755) 43,774 (66,093)
Provision for income taxes 45 1,666 1,314 2,189
Net income (loss) $ 33,548 $ (40,421) $ 42,460 $ (68,282)
Net income (loss) per share attributable to common stockholders:        
Basic (dollars per share) $ 0.33 $ (0.38) $ 0.41 $ (0.64)
Diluted (dollars per share) $ (0.06) $ (0.38) $ 0.02 $ (0.64)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders        
Weighted-average number of shares outstanding, basic (in shares) 103,102 105,914 104,394 106,350
Weighted-average number of shares outstanding, diluted (in shares) 104,480 105,914 107,718 106,350
Subscription and transaction fees        
Revenue $ 319,616 $ 274,992 $ 634,559 $ 540,134
Interest on funds held for customers        
Revenue $ 42,938 $ 43,503 $ 86,445 $ 83,346
[1] Depreciation and amortization do not include amortization of capitalized internal-use software costs paid in cash.