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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Revenue $ 358,217 $ 323,028 $ 1,079,221 $ 946,508
Cost of revenue        
Service costs 56,733 43,845 166,633 135,988
Depreciation and amortization [1] 10,479 11,167 31,882 33,427
Total cost of revenue 67,212 55,012 198,515 169,415
Gross profit 291,005 268,016 880,706 777,093
Operating expenses        
Research and development 86,540 81,594 250,009 257,145
Sales and marketing 136,758 118,105 395,614 354,808
General and administrative 73,851 63,858 211,744 207,162
Provision for expected credit losses 14,945 17,715 56,964 45,320
Depreciation and amortization [1] 7,857 12,262 24,728 37,403
Restructuring 0 2,104 0 27,195
Total operating expenses 319,951 295,638 939,059 929,033
Operating loss (28,946) (27,622) (58,353) (151,940)
Other income, net 18,650 59,801 91,831 118,026
Income (loss) before provision for income taxes (10,296) 32,179 33,478 (33,914)
Provision for income taxes 1,293 370 2,607 2,559
Net income (loss) $ (11,589) $ 31,809 $ 30,871 $ (36,473)
Net income (loss) per share attributable to common stockholders:        
Basic (dollars per share) $ (0.11) $ 0.30 $ 0.30 $ (0.34)
Diluted (dollars per share) $ (0.11) $ 0.00 $ (0.09) $ (0.34)
Weighted-average number of common shares used to compute net income (loss) per share attributable to common stockholders:        
Weighted-average number of shares outstanding, basic (in shares) 102,219 105,436 103,679 106,045
Weighted-average number of shares outstanding, diluted (in shares) 102,219 111,176 104,139 106,045
Subscription and transaction fees        
Revenue $ 320,298 $ 281,294 $ 954,857 $ 821,428
Interest on funds held for customers        
Revenue $ 37,919 $ 41,734 $ 124,364 $ 125,080
[1] Depreciation and amortization do not include amortization of capitalized internal-use software costs paid in cash.