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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Dec. 31, 2025
Dec. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 38,834 $ 8,690
Adjustments to reconcile net income to net cash, cash equivalents, and restricted cash used in operating activities:    
Depreciation and amortization 8,622 10,659
Loss on disposal of property, equipment, and software 0 157
Impairment of equity-method investment 1,000 0
Share-based compensation expense 7,802 8,545
Deferred income taxes 4,220 (4,154)
Amortization of debt issuance costs and debt discount 2,446 2,379
Write-off of debt issuance costs 0 93
Accrued interest payable in kind 0 9,673
Change in fair value of warrants (34,332) 7,642
Non-cash lease expense 2,033 1,846
Bad debt expense 0 4,203
Changes in operating assets and liabilities:    
Accounts receivable, net 23,741 30,038
Commissions receivable (142,950) (155,507)
Other assets 226 (4,802)
Accounts payable and accrued expenses 63,628 46,211
Operating lease liabilities (2,341) (2,285)
Other liabilities 5,500 (8,692)
Net cash used in operating activities (21,571) (45,304)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of property and equipment (2,146) (741)
Purchases of software and capitalized software development costs (5,485) (4,105)
Net cash used in investing activities (7,631) (4,846)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit facility 257,000 84,900
Payments on revolving credit facility (219,000) (26,900)
Payments on Term Loans (9,646) (123,215)
Proceeds on ABS Notes 0 99,095
Payments on ABS Notes (10,054) (6,272)
Payments on other debt (243) (114)
Proceeds from common stock options exercised and employee stock purchase plan 0 38
Payments of tax withholdings related to net share settlement of equity awards (2,511) (3,960)
Payments of debt issuance costs (72) (2,479)
Net cash provided by financing activities 15,474 21,093
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (13,728) (29,057)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 37,066 42,690
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period 23,338 13,633
SUPPLEMENTAL CASH FLOW INFORMATION:    
Interest paid, net (20,489) (35,183)
Payment of income taxes, net (220) (3,115)
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Capital expenditures in accounts payable and accrued expenses 1,681 187
Issuance of liability-classified warrants 0 8,628
Senior Non-Convertible Preferred Stock accretion 8,513 0
Senior Non-Convertible Preferred Stock accumulated dividends $ 27,094 $ 0