Earnings (Loss) Per Share (Tables)

9 Months Ended

Mar. 31, 2026

The computation of basic and diluted earnings (loss) per share is as follows:


	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	(in millions, except share and per share amounts)
Basic earnings (loss) per share:
Numerator:
Net income (loss)	$	26.4	$	(47.7)	$	1.6	$	(140.5)
Denominator:
Weighted-average common shares outstanding, basic	428,911,447		394,010,264		421,053,209		385,954,344
Earnings (loss) per share, basic	$	0.06	$	(0.12)	$	—	$	(0.36)

Diluted earnings (loss) per share:
Numerator:
Net income (loss)	$	26.4	$	(47.7)	$	1.6	$	(140.5)
Add: Interest expense on convertible senior notes, net of tax	3.8		—		—		—
Net income (loss) attributable to common stockholders, diluted	$	30.2	$	(47.7)	$	1.6	$	(140.5)
Denominator:
Weighted-average common shares outstanding, basic	428,911,447		394,010,264		421,053,209		385,954,344
Weighted-average effect of dilutive securities:




Stock-based awards	6,897,149		—		12,254,389		—
Convertible senior notes	76,452,600		—		—		—
Weighted average common shares outstanding, diluted	512,261,196		394,010,264		433,307,598		385,954,344
Earnings (loss) per share, diluted	$	0.06	$	(0.12)	$	—	$	(0.36)