v3.25.2
SEGMENTS (Tables)
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Net Revenue and EBITDA
The following table presents disaggregated revenue by reportable business segment and underlying source (in thousands):
Year Ended June 30,
202520242023
Net revenue:
Supply Chain Services
Net administrative fees$556,328 $624,168 $615,040 
Software licenses, other services and support74,711 65,200 51,721 
Total Supply Chain Services (a)
631,039 689,368 666,761 
Performance Services
Software licenses, other services and support
SaaS-based products subscriptions155,458 179,601 187,618 
Consulting services68,237 92,560 80,292 
Software licenses86,731 82,073 72,060 
Other (b)
71,182 92,407 88,606 
Total Performance Services (a)
381,608 446,641 428,576 
Net revenue$1,012,647 $1,136,009 $1,095,337 
_________________________________
(a)Includes intersegment revenue that is eliminated in consolidation. Intersegment revenue is not separately identified in Segments as the amounts are not material.
(b)Includes data license and other miscellaneous revenue from the Company’s technology and services platform as well as revenue from Contigo Health.
Schedule of Reconciliation of Segment Adjusted EBITDA to Operating Income
Segment information and a reconciliation of income before income taxes to unaudited Segment Adjusted EBITDA, a Non-GAAP financial measure, is as follows (in thousands):
Year Ended June 30,
Supply Chain Services 202520242023
Net revenue (a)
$631,039 $689,368 $666,761 
Other segment items (b)
304,137 279,699 193,070 
Segment Adjusted EBITDA (c)
$326,902 $409,669 $473,691 
Performance Services
Net revenue (a)
$381,608 $446,641 $428,576 
Other segment items (b)
320,916 332,796 295,899 
Segment Adjusted EBITDA (c)
$60,692 $113,845 $132,677 
Segment Adjusted EBITDA (c):
Supply Chain Services (a)
$326,902 $409,669 $473,691 
Performance Services (a)
60,692 113,845 132,677 
Total Segment Adjusted EBITDA (c)
$387,594 $523,514 $606,368 
_________________________________
(a)Includes intersegment revenue which is eliminated in consolidation.
(b)For each reportable segment, other segment items includes cost of revenue and selling, general, and administrative expenses, excluding depreciation and amortization, research and development, and other miscellaneous expense (income).
(c)For comparability purposes, prior year Non-GAAP financial measures are presented based on the current definition.
Year Ended June 30,
202520242023
Income before income taxes$98,049 $146,521 $251,860 
Equity in net loss (income) of unconsolidated affiliates (a)
(11,972)295 (16,068)
Interest expense, net
17,223 662 14,647 
Other income, net
(102,184)(20,832)(6,306)
Operating income1,116 126,646 244,133 
Depreciation and amortization79,442 81,728 85,691 
Amortization of purchased intangible assets38,189 47,026 47,561 
Stock-based compensation (b)
23,700 23,876 14,354 
Acquisition- and disposition-related expenses6,943 12,612 17,095 
Strategic initiative and financial restructuring-related expenses13,007 2,850 13,831 
Operating income from revenues sold to OMNIA(62,469)(55,283)— 
Deferred compensation plan expense (c)
4,603 8,769 5,422 
Impairment of assets144,481 140,053 54,422 
Corporate and other expenses
138,582 135,237 123,859 
Total Segment Adjusted EBITDA (d)
$387,594 $523,514 $606,368 
_________________________________
(a)Refer to Note 5 - Investments for further information.
(b)Represents non-cash employee stock-based compensation expense and stock purchase plan expense of $0.5 million for the year ended June 30, 2025 and $0.6 million for each of the years ended June 30, 2024 and 2023.
(c)Represents changes in deferred compensation plan obligations resulting from realized and unrealized gains and losses and dividend income on deferred compensation plan assets.
(d)For comparability purposes, prior year Non-GAAP financial measures are presented based on the current definition.