v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 62,189 $ 47,580 $ (34,125)
Adjustments to reconcile net income (loss) to net cash, cash equivalents, and restricted cash provided by (used in) operating activities:      
Depreciation and amortization 17,489 20,460 24,998
Loss on disposal of property, equipment, and software 0 240 536
Impairment of long-lived assets 0 4,209 0
Impairment of equity-method investment 1,000 0 0
Loss on extinguishment of debt 8,659 0 0
Share-based compensation expense 14,862 18,357 13,816
Deferred income taxes 11,581 1,849 1,163
Amortization of debt issuance costs and debt discount 4,293 5,247 6,142
Write-off of debt issuance costs 0 93 293
Accrued interest payable in kind 0 14,013 19,577
Change in fair value of warrants (55,804) (59,525) 0
Non-cash lease expense 4,124 3,922 2,349
Bad debt expense 0 4,203 0
Changes in operating assets and liabilities:      
Accounts receivable, net (15,437) (5,555) 5,203
Commissions receivable (40,576) (69,510) (40,819)
Other assets (2,460) (6,282) (1,967)
Accounts payable and accrued expenses 21,894 19,226 7,347
Operating lease liabilities (4,602) (4,711) (4,897)
Other liabilities 4,673 (5,482) 15,620
Net cash provided by (used in) operating activities 31,885 (11,666) 15,236
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of property and equipment (4,276) (2,191) (3,382)
Proceeds from sales of property and equipment 0 0 253
Purchases of software and capitalized software development costs (11,870) (9,123) (8,284)
Acquisition of business 0 0 (3,433)
Net cash used in investing activities (16,146) (11,314) (14,846)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving credit facility 358,000 166,900 0
Payments on revolving credit facility (358,000) (166,900) 0
Net proceeds from Term Loan 315,234 0 0
Payments on Term Loans (316,031) (388,216) (38,883)
Proceeds on ABS Notes 0 99,095 0
Payments on ABS Notes (19,529) (16,577) 0
Payments on other debt (527) (312) (149)
Proceeds from common stock options exercised and employee stock purchase plan 0 98 81
Proceeds from issuance of Senior Non-Convertible Preferred Stock 0 337,855 0
Senior Non-Convertible Preferred Stock issuance costs 0 (7,076) 0
Payments of tax withholdings related to net share settlement of equity awards (2,545) (5,032) (374)
Payments of debt issuance costs (7,730) (2,479) (1,531)
Net cash (used in) provided by financing activities (31,128) 17,356 (40,856)
NET DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (15,389) (5,624) (40,466)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —Beginning of period 37,066 42,690 83,156
CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period 21,677 37,066 42,690
SUPPLEMENTAL CASH FLOW INFORMATION:      
Interest paid, net (37,222) (60,625) (67,037)
Refund (payment) of income taxes, net 192 (3,156) (594)
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:      
Capital expenditures in accounts payable and accrued expenses 587 586 1,697
Issuance of liability-classified warrants 0 137,581 0
Senior Non-Convertible Preferred Stock accretion 17,650 5,490 0
Senior Non-Convertible Preferred Stock accumulated dividends $ 56,188 $ 17,058 $ 0