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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 1,206.6 $ 1,039.5
Accounts receivable, net 82.5 101.2
Inventories, net 135.4 205.6
Prepaid expenses and other current assets 64.9 91.3
Total current assets 1,489.4 1,437.6
Property and equipment, net 164.5 239.0
Intangible assets, net 11.7 5.6
Goodwill 44.0 41.2
Restricted cash 40.9 46.2
Operating lease right-of-use assets, net 284.0 338.9
Other assets 21.4 16.8
Total assets 2,055.9 2,125.3
Current liabilities:    
Accounts payable and accrued expenses 311.2 372.7
Deferred revenue and customer deposits 139.5 150.7
Current portion of debt 10.0 208.5
Operating lease liabilities, current 62.5 70.1
Other current liabilities 1.8 2.0
Total current liabilities 525.0 803.9
Convertible senior notes, net of current portion 344.9 343.6
Term loan, net of current portion 944.2 946.9
Operating lease liabilities, non-current 347.7 407.5
Other non-current liabilities 33.7 37.2
Total liabilities 2,195.6 2,539.1
Commitments and contingencies (Note 12)
Stockholders’ deficit    
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 shares of Class A common stock authorized, 422,802,650 and 390,579,270 shares of Class A common stock issued and outstanding as of June 30, 2026 and June 30, 2025, respectively; 2,500,000,000 and 2,500,000,000 shares of Class B common stock authorized, 15,836,724 and 15,837,270 shares of Class B common stock issued and outstanding as of June 30, 2026 and June 30, 2025, respectively. 0.0 0.0
Additional paid-in capital 5,384.7 5,183.8
Accumulated other comprehensive income 15.0 5.1
Accumulated deficit (5,539.4) (5,602.6)
Total stockholders’ deficit (139.7) (413.8)
Total liabilities and stockholders’ deficit $ 2,055.9 $ 2,125.3