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Segment Information (Tables)
9 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Significant Components of Segment Costs and Expenses, Along With a Reconciliation to Net Income

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.

Net Revenue and Long-Lived Assets by Geographic Area

The following tables set forth net 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