XML 54 R37.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Equity Incentive Plans (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract] |
Schedule of Stock Option Activity | The following table summarizes our stock option activity for the six months ended December 31, 2024:
|  | Number of Options |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (in thousands)
Balance as of June 30, 2024 |  | 16,794,697 |  |  | $ | 15.84 |  |  | 5.63 |  |
Granted |  | 677,433 |  |  | 44.66 |  |  |  |  |
Exercised |  | (3,211,902) |  |  | 10.73 |  |  |  |  |
Balance as of December 31, 2024 |  | 14,260,228 |  |  | 18.36 |  |  | 5.48 |  |
Vested and exercisable, December 31, 2024 |  | 11,263,423 |  |  | $ | 15.29 |  |  | 4.68 |  | $ | 516,017 |
Vested and exercisable, and expected to vest thereafter(1) December 31, 2024 |  | 14,142,936 |  |  | $ | 18.16 |  |  | 5.45 |  | $ | 607,187 |
(1)Options expected to vest reflect the application of an estimated forfeiture rate.
Schedule of Restricted Stock Unit Activity | The following table summarizes our RSU activity during the six months ended December 31, 2024:
|  | Number of Shares |  | Weighted Average Grant Date Fair Value
Non-vested at June 30, 2024 |  | 18,327,420 |  |  | $ | 27.68 |
Granted |  | 11,171,205 |  |  | 32.95 |
Vested |  | (7,622,286) |  |  | 30.09 |
Forfeited, expired or cancelled |  | (1,190,357) |  |  | 27.39 |
Non-vested at December 31, 2024 |  | 20,685,982 |  |  | $ | 29.65 |
Schedule of Components and Classification of Stock-based Compensation | The following table presents the components and classification of stock-based compensation (in thousands):
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
General and administrative |  | $ | 57,719 |  |  | $ | 61,939 |  |  | $ | 120,524 |  |  | $ | 132,123 |
Technology and data analytics |  | 23,677 |  |  | 22,567 |  |  | 49,648 |  |  | 57,703 |
Sales and marketing |  | 4,482 |  |  | 4,305 |  |  | 9,677 |  |  | 9,770 |
Processing and servicing |  | 220 |  |  | 1,353 |  |  | 482 |  |  | 2,927 |
Total stock-based compensation in operating expenses |  | 86,098 |  |  | 90,164 |  |  | 180,331 |  |  | 202,523 |
Capitalized into property, equipment and software, net |  | 44,708 |  |  | 29,657 |  |  | 94,186 |  |  | 68,460 |
Total stock-based compensation |  | $ | 130,806 |  |  | $ | 119,821 |  |  | $ | 274,517 |  |  | $ | 270,983 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration