v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Jun. 30, 2024
Current assets:    
Cash and cash equivalents $ 398,070 $ 401,811
Accounts receivable, net 41,642 32,997
Deferred contract costs 117,177 97,859
Prepaid expenses and other 50,943 39,765
Total current assets before funds held for clients 607,832 572,432
Funds held for clients 2,704,137 2,952,060
Total current assets 3,311,969 3,524,492
Capitalized internal-use software, net 132,317 116,412
Property and equipment, net 54,210 60,640
Operating lease right-of-use assets 35,997 33,792
Intangible assets, net 92,671 28,291
Goodwill 343,100 108,937
Long-term deferred contract costs 393,671 348,003
Long‑term prepaid expenses and other 7,739 7,077
Deferred income tax assets 17,754 17,816
Total assets 4,389,428 4,245,460
Current liabilities:    
Accounts payable 17,347 8,638
Accrued expenses 193,081 158,311
Total current liabilities before client fund obligations 210,428 166,949
Client fund obligations 2,694,842 2,950,411
Total current liabilities 2,905,270 3,117,360
Long-term debt 162,500 0
Long-term operating lease liabilities 46,772 46,814
Other long-term liabilities 8,580 6,398
Deferred income tax liabilities 32,559 41,824
Total liabilities 3,155,681 3,212,396
Stockholders’ equity:    
Preferred stock, $0.001 par value, 5,000 authorized, no shares issued and outstanding at June 30, 2024 and June 30, 2025 0 0
Common stock, $0.001 par value, 155,000 shares authorized at June 30, 2024 and June 30, 2025; 55,514 shares issued and outstanding at June 30, 2024 and 55,366 shares issued and outstanding at June 30, 2025 55 56
Additional paid-in capital 327,518 360,488
Retained earnings 900,583 673,456
Accumulated other comprehensive income (loss) 5,591 (936)
Total stockholders' equity 1,233,747 1,033,064
Total liabilities and stockholders’ equity $ 4,389,428 $ 4,245,460