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Balance Sheet Components (Tables)
 12 Months Ended
Jun. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Schedule of Property, Equipment and Software, Net
Property, equipment and software, net consisted of the following (in thousands):

June 30, 2022June 30, 2021
Internally developed software$200,621 $68,197 
Leasehold improvements16,169 15,212 
Computer equipment10,751 6,707 
Furniture and equipment4,279 5,284 
Total Property, equipment and software, at cost$231,820 $95,400 
Less: Accumulated depreciation and amortization(60,338)(32,901)
Total Property, equipment and software, net$171,482 $62,499 
Schedule of Goodwill
The changes in the carrying amount of goodwill during the years ended June 30, 2022 and 2021 were as follows (in thousands):

Balance as of June 30, 2020$1,255 
Additions508,581 
Effect of foreign currency translation6,679 
Balance as of June 30, 2021$516,515 
Additions33,318 
Effect of foreign currency translation(10,299)
Balance as of June 30, 2022$539,534 
Schedule of Finite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

June 30, 2022
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$38,371 $(10,281)$28,090 3.6
Developed technology39,782 (15,882)23,900 1.9
Assembled workforce12,490 (1,664)10,826 1.3
Trademarks and domains, definite1,507 (802)705 2.4
Trademarks and domains, indefinite 2,146 — 2,146 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$94,646 $(28,629)$66,017 

In connection with the Fast asset acquisition, we also recorded a $12.9 million intangible asset representing the option to purchase developed technology as of June 30, 2022. The asset will not be amortized until the purchase is complete and the asset is placed into service. Refer to Note 5. Acquisitions for a description of the acquisition and assets acquired.
June 30, 2021
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$38,951 $(2,192)$36,759 4.5
Developed technology30,176 (2,930)27,246 2.8
Trademarks and domains (1)
3,769 (194)3,575 3.3
Other intangibles350 — 350 Indefinite
Total intangible assets$73,246 $(5,316)$67,930 
(1)As of June 30, 2021, trademarks and domains included both definite and indefinite intangible assets.
Schedule of Indefinite-Lived Intangible Assets
Intangible assets consisted of the following (in thousands):

June 30, 2022
GrossAccumulated AmortizationNetWeighted Average Remaining Useful Life
(in years)
Merchant relationships$38,371 $(10,281)$28,090 3.6
Developed technology39,782 (15,882)23,900 1.9
Assembled workforce12,490 (1,664)10,826 1.3
Trademarks and domains, definite1,507 (802)705 2.4
Trademarks and domains, indefinite 2,146 — 2,146 Indefinite
Other intangibles350 — 350 Indefinite
Total intangible assets$94,646 $(28,629)$66,017 

In connection with the Fast asset acquisition, we also recorded a $12.9 million intangible asset representing the option to purchase developed technology as of June 30, 2022. The asset will not be amortized until the purchase is complete and the asset is placed into service. Refer to Note 5. Acquisitions for a description of the acquisition and assets acquired.
June 30, 2021
GrossAccumulated AmortizationNetWeighted Average
Remaining Useful Life
(in years)
Merchant relationships$38,951 $(2,192)$36,759 4.5
Developed technology30,176 (2,930)27,246 2.8
Trademarks and domains (1)
3,769 (194)3,575 3.3
Other intangibles350 — 350 Indefinite
Total intangible assets$73,246 $(5,316)$67,930 
(1)As of June 30, 2021, trademarks and domains included both definite and indefinite intangible assets.
Schedule of Intangible Assets, Future Amortization Expense
The expected future amortization expense of these intangible assets as of June 30, 2022 is as follows (in thousands):

2023$29,595 
202421,686 
20257,232 
20264,993 
2027 and thereafter15 
Total amortization expense$63,521 
Schedule of Other Assets Other assets consisted of the following (in thousands):
June 30, 2022June 30, 2021
Operating lease right-of-use assets$50,671 $57,828 
Derivative instruments49,983 2,880 
Equity securities, at cost43,172 11,278 
Prepaid expenses37,497 21,069 
Prepaid payroll taxes for stock-based compensation35,172 111,278 
Processing reserves26,483 14,042 
Other receivables17,221 26,423 
Other assets21,368 29,881 
Total other assets$281,567 $274,679 
Schedule of Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consisted of the following (in thousands)

June 30, 2022June 30, 2021
Accrued expenses$67,343 $47,674 
Operating lease liability65,713 74,952 
Collateral held for derivative instruments 55,779 — 
Contingent consideration liability23,348 153,447 
Commercial agreement liability— 25,357 
Other liabilities25,415 22,147 
Total accrued expenses and other liabilities$237,598 $323,577