v3.26.1
Segment Information
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information

15. Segment Information

The Company manages its operations as a single operating segment for the purpose of assessing performance and making operating decisions. The Company’s CODM is the chief executive officer, who manages operations based on financial information provided on a consolidated basis to assess performance and decide how to allocate resources.

As a single reportable operating segment entity, the Company's segment performance measure is net income (loss), which is used to monitor budget versus actual results. Segment income from operations includes all geographic revenues, related cost of net revenues and operating expenses directly attributable to the reportable segment.

The significant components of segment costs and expenses, along with a reconciliation to net income (loss) are presented below (in thousands):

 

 

 

Fiscal Year Ended June 30,

 

 

 

2026

 

 

2025

 

 

2024

 

Net revenue

 

$

1,293,712

 

 

$

1,093,711

 

 

$

613,514

 

Less:

 

 

 

 

 

 

 

 

 

        DMS expense (1)

 

$

1,157,111

 

 

$

989,570

 

 

$

572,650

 

     General and administrative expense (2)

 

 

21,954

 

 

 

20,683

 

 

 

19,194

 

     Corporate systems expense (2)

 

 

2,176

 

 

 

2,197

 

 

 

2,078

 

     Other segment cost and expense (3)

 

 

31,236

 

 

 

76,554

 

 

 

50,923

 

Net income (loss)

 

$

81,235

 

 

$

4,707

 

 

$

(31,331

)

(1) Digital marketing services (“DMS”) expense primarily includes media and marketing expense, personnel-related costs, general facilities, and professional fees.

(2) General and administrative expense and Corporate systems expense are primarily comprised of personnel-related costs, professional fees, general facilities, office-related costs and technology service costs.

(3) Other segment cost and expense primarily includes non-cash depreciation, amortization, stock-based compensation and other non-recurring expenses, as well as interest and income taxes, which are included in net income (loss).

The following tables summarize the net revenue and long-lived assets by geographic area (in thousands):

 

 

 

Fiscal Year Ended June 30,

 

 

 

2026

 

 

2025

 

 

2024

 

Net revenue:

 

 

 

 

 

 

 

 

 

United States

 

$

1,280,573

 

 

$

1,080,730

 

 

$

607,373

 

International

 

 

13,139

 

 

 

12,981

 

 

 

6,141

 

Total net revenue

 

$

1,293,712

 

 

$

1,093,711

 

 

$

613,514

 

 

 

 

 

 

June 30,

 

 

 

 

 

2026

 

 

2025

 

Property and equipment, net:

 

 

 

 

 

 

 

 

United States

 

 

 

$

15,158

 

 

$

16,590

 

International

 

 

 

 

1,493

 

 

 

228

 

Total property and equipment, net

 

 

 

$

16,651

 

 

$

16,818

 

 

 

 

 

 

June 30,

 

 

 

 

 

2026

 

 

2025

 

Intangible assets, net:

 

 

 

 

 

 

 

 

United States

 

 

 

$

19,540

 

 

$

28,475

 

International

 

 

 

 

46,753

 

 

 

—

 

Total intangible assets, net

 

 

 

$

66,293

 

 

$

28,475