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Segment Information | 9 Months Ended
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Mar. 31, 2026
Segment Reporting [Abstract] |
Segment Information | 13. Segment Information The Company manages its operations as a single o perating segment for the purpose of assessing performance and making operating decisions. The Company’s Chief Operating Decision Maker ("CODM") is the chief executive officer, who manages operations based on financial information provided on a consolidated basis to assess performance and decide how to allocate resources. As a single reportable operating segment entity, the Company's segment performance measure is net income, which is used to monitor budget versus actual results. Segment income from operations includes all geographic revenues, related cost of net revenues and operating expenses directly attributable to the reportable segment. The significant components of segment costs and expenses, along with a reconciliation to net income are presented below (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net revenue |  | $ | 346,137 |  |  | $ | 269,842 |  |  | $ | 919,835 |  |  | $ | 831,657 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
DMS expense (1) |  |  | 310,770 |  |  |  | 245,167 |  |  |  | 832,085 |  |  |  | 754,552 |
General and administrative expense (2) |  |  | 7,060 |  |  |  | 4,699 |  |  |  | 16,868 |  |  |  | 16,324 |
Corporate systems expense (2) |  |  | 541 |  |  |  | 570 |  |  |  | 1,615 |  |  |  | 1,654 |
Other segment cost and expense (3) |  |  | 20,404 |  |  |  | 14,990 |  |  |  | 7,143 |  |  |  | 57,626 |
Net income |  | $ | 7,362 |  |  | $ | 4,416 |  |  | $ | 62,124 |  |  | $ | 1,501 |
(1) Digital marketing services (“DMS”) expense primarily includes media and marketing expense, personnel-related costs, general facilities, and professional fees. (2) General and administrative expense and Corporate systems expense are primarily comprised of personnel-related costs, professional fees, general facilities, office-related costs and technology service costs. (3) Other segment cost and expense primarily includes non-cash depreciation, amortization, stock-based compensation and other non-recurring expenses, as well as interest and income taxes, which are included in net income. The following tables set forth ne t revenue and long-lived assets by geographic area (in thousands):
|  | Three Months Ended |  |  | Nine Months Ended |
|  | March 31, |  |  | March 31, |
|  | 2026 |  |  | 2025 |  |  | 2026 |  |  | 2025 |
Net revenue: |  |  |  |  |  |  |  |  |  |  |  |
United States |  | $ | 341,930 |  |  | $ | 266,171 |  |  | $ | 910,498 |  |  | $ | 822,227 |
International |  |  | 4,207 |  |  |  | 3,671 |  |  |  | 9,337 |  |  |  | 9,430 |
Total net revenue |  | $ | 346,137 |  |  | $ | 269,842 |  |  | $ | 919,835 |  |  | $ | 831,657 |
|  | March 31, |  |  | June 30, |
|  | 2026 |  |  | 2025 |
Property and equipment, net: |  |  |  |  |  |
United States |  | $ | 15,566 |  |  | $ | 16,590 |
International |  |  | 1,341 |  |  |  | 228 |
Total property and equipment, net |  | $ | 16,907 |  |  | $ | 16,818 |
|  | March 31, |  |  | June 30, |
|  | 2026 |  |  | 2025 |
Other intangible assets, net: |  |  |  |  |  |
United States |  | $ | 23,119 |  |  | $ | 28,475 |
International |  |  | 48,401 |  |  |  | — |
Total other intangible assets, net |  | $ | 71,520 |  |  | $ | 28,475 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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