v3.25.4

Net Income (Loss) per Share Attributable to Common Stockholders | 6 Months Ended
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Dec. 31, 2025
Earnings Per Share [Abstract] |
Net Income (Loss) per Share Attributable to Common Stockholders | Net Income (Loss) per Share Attributable to Common Stockholders The following table presents basic and diluted net income (loss) per share attributable to common stockholders for Class A and Class B common stock (in thousands, except share and per share data):
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2025 |  | 2025
|  | Class A |  | Class B |  | Class A |  | Class B
Numerator: |  |  |  |  |  |  |  |
Net income attributable to common stockholders - basic |  | $ | 113,805 |  |  | $ | 15,781 |  |  | $ | 184,510 |  |  | $ | 25,770 |
Net income attributable to common stockholders - diluted |  | $ | 114,487 |  |  | $ | 15,099 |  |  | $ | 185,734 |  |  | $ | 24,546 |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares of common stock - basic |  | 293,563,836 |  |  | 40,706,914 |  |  | 291,535,791 |  |  | 40,718,687 |
Dilutive effect of stock equivalents: |  |  |  |  |  |  |  |
Restricted stock units |  | 6,561,719 |  |  | — |  |  | 7,292,050 |  |  | — |
Stock options |  | 7,682,217 |  |  | — |  |  | 8,173,175 |  |  | — |
Value creation award vested shares |  | 851,076 |  |  | — |  |  | 1,081,896 |  |  | — |
Employee stock purchase plan shares |  | — |  |  | — |  |  | 20,484 |  |  | — |
Weighted average shares of common stock - diluted |  | 308,658,848 |  |  | 40,706,914 |  |  | 308,103,396 |  |  | 40,718,687 |
Net income per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.39 |  |  | $ | 0.39 |  |  | $ | 0.63 |  |  | $ | 0.63 |
Diluted |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.60 |  |  | $ | 0.60 |
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2024 |  | 2024
|  | Class A |  | Class B |  | Class A |  | Class B
Numerator: |  |  |  |  |  |  |  |
Net income (loss) attributable to common stockholders - basic |  | $ | 69,983 |  |  | $ | 10,377 |  |  | $ | (17,227) |  |  | $ | (2,635) |
Net income (loss) attributable to common stockholders - diluted |  | $ | 70,672 |  |  | $ | 9,688 |  |  | $ | (17,227) |  |  | $ | (2,635) |
Denominator: |  |  |  |  |  |  |  |
Weighted average shares of common stock - basic |  | 280,666,562 |  |  | 41,615,772 |  |  | 277,776,478 |  |  | 42,481,967 |
Dilutive effect of stock equivalents: |  |  |  |  |  |  |  |
Restricted stock units |  | 11,983,390 |  |  | — |  |  | — |  |  | — |
Stock options |  | 10,241,926 |  |  | — |  |  | — |  |  | — |
Value creation award vested shares |  | 473,889 |  |  | — |  |  | — |  |  | — |
Common stock warrants |  | 215,029 |  |  | — |  |  | — |  |  | — |
Weighted average shares of common stock - diluted |  | 303,580,796 |  |  | 41,615,772 |  |  | 277,776,478 |  |  | 42,481,967 |
Net income (loss) per share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | (0.06) |  |  | $ | (0.06) |
Diluted |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | (0.06) |  |  | $ | (0.06) |
The following common stock equivalents were excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their inclusion would have been anti-dilutive:
|  | Three Months Ended December 31, |  | Six Months Ended December 31,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Common stock warrants |  | 8,647,629 |  |  | 6,278,501 |  |  | 8,647,629 |  |  | 6,278,501 |
Restricted stock units |  | 532,903 |  |  | 773,998 |  |  | 532,903 |  |  | 20,685,982 |
Employee stock purchase plan shares |  | 211,939 |  |  | 189,621 |  |  | 211,939 |  |  | 189,621 |
Stock options |  | 162,014 |  |  | 906,767 |  |  | 162,014 |  |  | 14,260,228 |
Value creation award vested shares |  | — |  |  | — |  |  | — |  |  | 4,000,000 |
Total |  | 9,554,485 |  |  | 8,148,887 |  |  | 9,554,485 |  |  | 45,414,332 |

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