v3.26.1
Segment Information (Tables)
12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Significant Components of Segment Costs and Expenses, Along With a Reconciliation to Net Income (Loss)

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).

Net Revenue and Long-Lived Assets by Geographic Area

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