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Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Schedule of Prior Period Adjustments Error Corrections

The following tables provide the impact of the correction as of and for the year ended June 30, 2021, as presented below (in thousands):

						Year Ended June 30, 2021
						As Previously Reported						Adjustments						As Corrected
Consolidated statement of operations and comprehensive loss
Processing and servicing						73,767						(189)						73,578
Technology and data analytics						256,082						(6,746)						249,336
Sales and marketing						184,279						(2,089)						182,190
General and administrative						370,251						13,498						383,749
Total operating expenses						1,249,657						4,474						1,254,131
Other expense, net						(54,073)						(5,630)						(59,703)
Loss before income taxes						(433,266)						(10,104)						(443,370)
Net loss attributable to common stockholders						(430,923)						(10,104)						(441,027)
Foreign currency translation adjustments						7,042						4						7,046
Net comprehensive income						7,071						4						7,075
Comprehensive loss						(423,852)						(10,100)						(433,952)
Net loss per share attributable to common stockholders for Class A and Class B:
Basic						$	(2.72)					$	(0.06)					$	(2.78)
Diluted						$	(2.88)					$	(0.06)					$	(2.94)

						Year Ended June 30, 2021
						As Previously Reported						Adjustments						As Corrected
Consolidated statement of redeemable convertible preferred stock and stockholders’ equity
Stock-based compensation - additional paid-in capital						302,032						4,474						306,506
Foreign currency translation adjustments - accumulated other comprehensive income (loss)						7,042						4						7,046
Net loss - accumulated deficit						(430,923)						(10,104)						(441,027)
Balance as of June 30, 2021 - total stockholders' equity						2,581,153						(5,626)						2,575,527

						Year Ended June 30, 2021
						As Previously Reported						Adjustments						As Corrected
Consolidated statement of cash flows
Cash flows from operating activities
Net loss						(430,923)						(10,104)						(441,027)
Adjustments to reconcile net loss to net cash used in operating activities:
Changes in fair value of assets and liabilities						51,655						5,630						57,285
Stock-based compensation						288,033						4,474						292,507
Net cash used in operating activities						(193,130)						—						(193,130)

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- References

No definition available.

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- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483443/250-10-50-9

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