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Equity Incentive Plans (Tables) | 12 Months Ended
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Jun. 30, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following table summarizes our stock option activity for the year ended June 30, 2022:
|  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (in thousands)
Balance as of June 30, 2021 |  | 31,662,750 |  |  | $ | 10.42 |  |  | 6.30 |  |
Granted |  | 2,428,616 |  |  | 25.69 |  |  |  |  |
Exercised |  | (13,519,561) |  |  | 5.13 |  |  |  |  |
Forfeited, expired or cancelled |  | (1,261,099) |  |  | 23.68 |  |  |  |  |
Balance as of June 30, 2022 |  | 19,310,706 |  |  | 15.22 |  |  | 6.94 |  |
Vested and exercisable, June 30, 2022 |  | 11,792,367 |  |  | $ | 7.61 |  |  | 5.98 |  | $ | 139,121 |
Vested and exercisable, and expected to vest thereafter(1) June 30, 2022 |  | 18,922,009 |  |  | $ | 14.53 |  |  | 6.91 |  | $ | 164,796 |
(1)Options expected to vest reflect the application of an estimated forfeiture rate.
Tranche |  | Stock Price Hurdle |  | Number of Options
1 |  | $ | 65.66 |  |  | 1,000,000 |
2 |  | $ | 82.32 |  |  | 1,000,000 |
3 |  | $ | 98.98 |  |  | 1,000,000 |
4 |  | $ | 115.64 |  |  | 1,000,000 |
5 |  | $ | 132.30 |  |  | 1,000,000 |
6 |  | $ | 148.47 |  |  | 1,000,000 |
7 |  | $ | 165.13 |  |  | 1,000,000 |
8 |  | $ | 181.79 |  |  | 1,000,000 |
9 |  | $ | 247.94 |  |  | 2,250,000 |
10 |  | $ | 371.91 |  |  | 2,250,000 |
Total |  |  |  | 12,500,000 |
Schedule of Stock Options Valuation Assumptions | We used the simplified method to determine an estimate of the expected term of an employee share option.
|  | Year ended June 30,
|  | 2022 |  | 2021 |  | 2020
Volatility |  | 54% |  | 46% |  | 45%
Risk-free interest rate |  | 1.47% - 3.01% |  | 0.70% - 1.05% |  | 0.28% - 1.76%
Expected term (in years) |  | 5.56 |  | 6.35 |  | 5.87
Expected dividend yield |  | — |  | — |  | —
Schedule of Restricted Stock Unit Activity | The following table summarizes our RSU activity during the year ended June 30, 2022:
|  | Number of Shares |  | Weighted Average Grant Date Fair Value
Non-vested as of June 30, 2021 |  | 14,242,111 |  |  | $ | 36.69 |
Granted |  | 15,903,666 |  |  | 42.53 |
Vested |  | (6,251,519) |  |  | 40.00 |
Forfeited, expired or cancelled |  | (2,506,666) |  |  | 36.94 |
Non-vested as of June 30, 2022 |  | 21,387,592 |  |  | $ | 38.41 |
Schedule of Components and Classification of Stock-based Compensation | The following table presents the components and classification of stock-based compensation (in thousands):
|  | Year ended June 30,
|  | 2022 |  | 2021 | 2020
General and administrative |  | $ | 248,797 |  |  | $ | 196,554 |  | $ | 13,682 |
Technology and data analytics |  | 116,531 |  |  | 76,643 |  | 12,285 |
Sales and marketing |  | 23,224 |  |  | 17,092 |  | 4,040 |
Processing and servicing |  | 2,431 |  |  | 2,218 |  | 82 |
Total stock-based compensation in operating expenses |  | 390,983 |  |  | 292,507 |  | 30,089 |
Capitalized into property, equipment and software, net |  | 54,542 |  |  | 13,999 |  | 2,921 |
Total stock-based compensation expense |  | $ | 445,525 |  |  | $ | 306,506 |  | $ | 33,010 |

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