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Loss Per Share
9 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Loss Per Share
3.
LOSS PER SHARE

The following table sets forth the computation of basic and diluted net loss per share on the consolidated statements of operations:

 

 

Three Months Ended
March 31,

 

 

Nine Months Ended
March 31,

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(134,588

)

 

$

(48,194

)

 

$

(258,226

)

 

$

(72,105

)

 

 

 

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

90,247

 

 

 

89,832

 

 

 

90,080

 

 

 

89,718

 

Basic and diluted net loss per common share

 

$

(1.49

)

 

$

(0.54

)

 

$

(2.87

)

 

$

(0.80

)

 

Due to the Company’s net loss in each of the three and nine months ended March 31, 2025 and March 31, 2024, all common stock equivalents such as stock options, unvested restricted share units and performance share units have been excluded from the computation of diluted net loss per share. The effect of the stock options and unvested restricted share units would have been anti-dilutive to the computations. The performance share units were contingently issuable based on market conditions or performance goals and such conditions or goals had not been achieved during the respective periods.