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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 1,126.3 $ 1,039.5
Accounts receivable, net 78.6 101.2
Inventories, net 175.8 205.6
Prepaid expenses and other current assets 57.8 91.3
Total current assets 1,438.5 1,437.6
Property and equipment, net of accumulated depreciation and amortization of $296.1 and $298.3, respectively 175.9 239.0
Intangible assets, net 0.2 5.6
Goodwill 44.0 41.2
Restricted cash 45.6 46.2
Operating lease right-of-use assets, net 295.6 338.9
Other assets 17.7 16.8
Total assets 2,017.4 2,125.3
Current liabilities:    
Accounts payable and accrued expenses 351.3 372.7
Deferred revenue and customer deposits 150.6 150.7
Current portion of debt 10.0 208.5
Operating lease liabilities, current 65.0 70.1
Other current liabilities 1.0 2.0
Total current liabilities 577.9 803.9
Convertible senior notes, net of current portion 344.6 343.6
Term loan, net of current portion 944.8 946.9
Operating lease liabilities, non-current 364.9 407.5
Other non-current liabilities 27.0 37.2
Total liabilities 2,259.3 2,539.1
Commitments and contingencies (Note 8)
Stockholders' deficit    
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 shares of Class A common stock authorized, 416,920,442 and 390,579,270 shares of Class A common stock issued and outstanding as of March 31, 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 March 31, 2026 and June 30, 2025, respectively. 0.0 0.0
Additional paid-in capital 5,343.8 5,183.8
Accumulated other comprehensive income 15.3 5.1
Accumulated deficit (5,601.0) (5,602.6)
Total stockholders' deficit (241.9) (413.8)
Total liabilities and stockholders' deficit $ 2,017.4 $ 2,125.3