Stock-based compensation (Tables)
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12 Months Ended |
Jun. 30, 2026 |
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| Share-Based Payment Arrangement [Abstract] |
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| Schedule of share-based compensation expense recognized in Consolidated Statements of Operations and Comprehensive Income Loss |
The Group’s stock-based compensation expense recognized during the years ended June 30, 2026, 2025, and 2024 is included in selling, general and administrative expenses in the Consolidated Statements of Operations and Comprehensive Income (loss) as follows: | | | | | | | | | | | | | | | | | | | (in USD thousands) | Years ended June 30, | | 2026 | | 2025 | | 2024 | | Stock options | $ | 38,503 | | | $ | 12,431 | | | $ | 12,885 | | | Service-based RSUs | 126,777 | | | 28,223 | | | 9,400 | | | Performance-based RSUs | 39,743 | | | 1,988 | | | 1,351 | | | Total stock-based compensation | $ | 205,023 | | | $ | 42,642 | | | $ | 23,636 | |
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| Summary of RSUs activity |
The following table presents a summary of activity for the RSUs with service conditions under all plans during the year ended June 30, 2026: | | | | | | | | | | | | | | | | | | (in USD thousands, except share and per share amounts) | Number of units | | Weighted average grant-date fair value | | Aggregate intrinsic value | Outstanding as of June 30, 2025 | 15,567,267 | | $ | 7.68 | | | $ | 226,815 | | | Granted | 5,442,382 | | 19.09 | | | | | Forfeited | (237,057) | | 11.37 | | | | | Exercised | (5,782,906) | | 6.44 | | | | Outstanding as of June 30, 2026 | 14,989,686 | | $ | 12.25 | | | $ | 685,478 | | Vested and exercisable as of June 30, 2026 | 4,710,515 | | $ | 7.50 | | | 215,412 | |
The following table presents a summary of activity for the RSUs with performance conditions under all plans during the year ended June 30, 2026: | | | | | | | | | | | | | | | | | | (in USD thousands, except share and per share amounts) | Number of units | | Weighted average grant-date fair value | | Aggregate intrinsic value | Outstanding as of June 30, 2025 | 6,158,567 | | $ | 5.28 | | | $ | 89,730 | | | Granted | 3,898,754 | | 12.33 | | | | | Forfeited | (250,303) | | 6.61 | | | | | Exercised | (4,080,978) | | 6.36 | | | | Outstanding as of June 30, 2026 | 5,726,040 | | $ | 9.25 | | | $ | 261,852 | | Vested and exercisable as of June 30, 2026 | 56,718 | | $4.94 | | $2,594 |
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| Summary option activity |
The following table presents a summary of the option activity under all plans: | | | | | | | | | | | | | | | | | | | | | | | | | (in USD thousands, except share and per share amounts and years) | Number of
shares | | Weighted average
exercise price
(per share) | | Aggregate
intrinsic value | | Weighted
average remaining
contractual life
(in years) | Outstanding as of June 30, 2025 | 7,878,554 | | $ | 47.07 | | | $ | 34,648 | | | 5.80 | | Granted | — | | — | | | | | | | Forfeited or canceled | — | | — | | | | | | | Exercised | (2,374,360) | | 3.27 | | | | | | Outstanding as of June 30, 2026 | 5,504,194 | | $ | 66.03 | | | $ | 28,784 | | | 6.8 | Vested and exercisable as of June 30, 2026 | 3,046,773 | | $ | 50.26 | | | $ | 26,906 | | | 6.11 |
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| Schedule of weighted average (where applicable) inputs used in measuring the fair value |
The following table lists the weighted average (where applicable) inputs used in measuring the fair value, as at the grant date (based on Australian Eastern Standard Time), for RSUs with market conditions granted during the years ended June 30, 2026, 2025, and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Grant date | Dividend
yield | | Expected
volatility | | Risk-free
interest rate | | Expected
life | | Grant date
share price | | Fair value | | Number of RSUs
granted | | % | | % | | % | | years | | US$ | | US$ | | | | | | | | | | | | | | | | | | Long-Term Incentive Plan | | | | | | | | | | | | | | June 30, 2024 | | | | | | | | | | | | | | | RSUs | — | | | 100 | % | | 4.38 | % | | 3.00 | | 4.67 | | | 2.41 | | | 1,574,725 | | | | | | | | | | | | | | | | June 30, 2025 | | | | | | | | | | | | | | | RSUs | — | | | 66 | % | | 4.14 | % | | 4.92 | | 10.86 | | | 6.93 | | | 6,373,418 | | RSUs (at modification date) | — | | | 75 | % | | 4.12 | % | | 4.49 | | 8.41 | | | 4.14 | | | (2,579,448) | | | | | | | | | | | | | | | | June 30, 2026 | | | | | | | | | | | | | | | RSUs | — | | | 80 | % | | 3.61 | % | | 3.03 | | 14.66 | | | 10.34 | | | 3,732,114 |
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