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Stock-based compensation (Tables)

3 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation Expense Recognized in Consolidated Statements of Operations and Comprehensive Income (Loss)

The Group’s stock-based compensation expense recognized during the three months ended September 30, 2025 and 2024, is included in selling, general and administrative expenses in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) as follows:

			Three Months Ended September 30,
(in USD thousands)			2025						2024
Stock options			$	3,067					$	3,209
Service-based RSUs			42,068						4,506
Performance-based RSUs			27,270						469
Total stock-based compensation			$	72,405					$	8,184

Schedule of RSUs Activity

The following table presents a summary of activity for the RSUs with service conditions under all plans during the three months ended September 30, 2025:

(in USD thousands, except share and per share amounts)			Number of units						Weighted average grant-date fair value						Aggregate intrinsic value
Unvested as of June 30, 2025			15,567,267						$	7.68					$	226,815
Granted			4,693,808						14.95
Forfeited			(203,367)						10.97
Exercised			(280,230)						5.91
Unvested as of September 30, 2025			19,777,478						$	9.40					$	928,157

The following table presents a summary of activity for the RSUs with market conditions under all plans during the three months ended September 30, 2025:

(in USD thousands, except share and per share amounts)			Number of units						Weighted average grant-date fair value						Aggregate intrinsic value
Unvested as of June 30, 2025			6,158,567						$	5.28					$	89,730
Granted			3,718,984						10.26
Forfeited			(213,652)						6.35
Exercised			(34,007)						3.18
Unvested as of September 30, 2025			9,629,892						$	7.19					$	451,931

Schedule of Option Activity

The following table presents a summary of the option activity under all plans:

(in USD thousands, except share and per share amounts and years)			Number of shares						Weighted average exercise price (per share)						Aggregate intrinsic value						Weighted average remaining contractual life (in years)
Outstanding as of June 30, 2025			7,878,554						$	47.07					$	34,648					5.80
Granted			—						—
Forfeited or canceled			—						—
Exercised			(2,309,065)						3.17
Outstanding as of September 30, 2025			5,569,489						$	65.25					$	32,681					7.53
Vested and exercisable as of September 30, 2025			691,336						$	3.60					$	30,156					4.65

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- References

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- 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

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-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

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- 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

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-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

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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.

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