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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 1,047,737 $ 985,941
Short-term investments 1,125,349 601,535
Accounts receivable, net 26,663 28,049
Acquired card receivables, net of allowances of $19,983 and $20,883 as of March 31, 2025 and June 30, 2024, respectively 705,535 697,216
Prepaid expenses and other current assets 241,332 297,169
Funds held for customers 3,657,218 3,704,907
Total current assets 6,803,834 6,314,817
Non-current assets:    
Operating lease right-of-use assets, net 58,076 59,414
Property and equipment, net 104,837 88,034
Intangible assets, net 237,970 281,471
Goodwill 2,396,509 2,396,509
Other assets 31,410 38,568
Total assets 9,632,636 9,178,813
Current liabilities:    
Accounts payable 9,302 7,447
Accrued compensation and benefits 32,998 34,158
Deferred revenue 21,740 17,006
Other accruals and current liabilities 262,921 299,506
Convertible senior notes, net 33,397 0
Customer fund deposits 3,657,218 3,704,907
Total current liabilities 4,017,576 4,063,024
Non-current liabilities:    
Deferred revenue 245 4,167
Operating lease liabilities 60,694 62,847
Borrowings from credit facilities, net 180,006 180,009
Convertible senior notes, net 1,499,780 733,991
Other long-term liabilities 3,874 574
Total liabilities 5,762,175 5,044,612
Commitments and contingencies (Note 11)
Stockholders' equity:    
Common stock 2 2
Additional paid-in capital 5,331,897 5,233,037
Accumulated other comprehensive income (loss) 7,277 (1,890)
Accumulated deficit (1,468,715) (1,096,948)
Total stockholders' equity 3,870,461 4,134,201
Total liabilities and stockholders' equity $ 9,632,636 $ 9,178,813