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Loss Per Share
12 Months Ended
Jun. 30, 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:

 

 

Fiscal Year Ended June 30,

 

 

2025

 

 

2024

 

 

2023

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss

 

$

(530,841

)

 

$

(75,042

)

 

$

(116,537

)

Denominator:

 

 

 

 

 

 

 

 

 

Basic and diluted weighted average shares outstanding

 

 

90,127

 

 

 

89,750

 

 

 

89,396

 

Basic and diluted net loss per common share

 

$

(5.89

)

 

$

(0.84

)

 

$

(1.30

)

 

Due to the Company’s net loss in each of the twelve months ended June 30, 2025 and June 30, 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 year.