v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Jun. 30, 2025
CURRENT ASSETS:    
Cash, cash equivalents, and restricted cash $ 35,211 $ 35,733
Accounts receivable, net of allowances of $9.2 million and $11.8 million, respectively 234,291 151,388
Commissions receivable-current 76,836 132,077
Other current assets 20,900 21,844
Total current assets 367,238 341,042
COMMISSIONS RECEIVABLE—Net 882,693 818,751
PROPERTY AND EQUIPMENT—Net 13,247 14,577
SOFTWARE—Net 16,953 15,060
OPERATING LEASE RIGHT-OF-USE ASSETS 21,566 24,635
INTANGIBLE ASSETS—Net 1,120 1,973
GOODWILL 29,438 29,438
OTHER ASSETS 2,455 3,880
TOTAL ASSETS 1,334,710 1,249,356
CURRENT LIABILITIES:    
Accounts payable 103,205 59,205
Accrued expenses 24,092 13,856
Accrued compensation and benefits 68,646 58,788
Operating lease liabilities—current 4,665 4,820
Current portion of long-term debt 22,457 68,523
Other current liabilities 8,035 7,718
Total current liabilities 231,100 212,910
LONG-TERM DEBT, NET—less current portion 353,326 316,589
DEFERRED INCOME TAXES 45,211 37,872
OPERATING LEASE LIABILITIES 22,678 25,982
OTHER LIABILITIES 18,904 80,485
Total liabilities 671,219 673,838
COMMITMENTS AND CONTINGENCIES (Note 10)
PREFERRED STOCK:    
Senior Non-Convertible Preferred Stock, $0.01 par value, 350,000 shares issued and outstanding as of March 31, 2026 and June 30, 2025, respectively, current liquidation preference of $408.4 million and $367.1 million as of March 31, 2026 and June 30, 2025. 278,757 224,374
SHAREHOLDERS’ EQUITY:    
Common stock, $0.01 par value—700,000,000 shares authorized; 176,347,774 and 172,816,730 shares issued and outstanding as of March 31, 2026 and June 30, 2025. 1,763 1,728
Additional paid-in capital 526,129 571,605
Accumulated deficit (143,158) (222,189)
Total shareholders’ equity 384,734 351,144
TOTAL LIABILITIES, PREFERRED STOCK, AND SHAREHOLDERS’ EQUITY $ 1,334,710 $ 1,249,356