v3.25.4
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Jun. 30, 2025
Current assets:    
Cash and cash equivalents $ 1,179.6 $ 1,039.5
Accounts receivable, net 94.6 101.2
Inventories, net 214.9 205.6
Prepaid expenses and other current assets 67.0 91.3
Total current assets 1,556.2 1,437.6
Property and equipment, net of accumulated depreciation and amortization of $296.3 and $298.3, respectively 191.6 239.0
Intangible assets, net 1.1 5.6
Goodwill 44.0 41.2
Restricted cash 43.6 46.2
Operating lease right-of-use assets, net 310.6 338.9
Other assets 17.5 16.8
Total assets 2,164.6 2,125.3
Current liabilities:    
Accounts payable and accrued expenses 349.5 372.7
Deferred revenue and customer deposits 155.7 150.7
Current portion of debt 208.9 208.5
Operating lease liabilities, current 67.4 70.1
Other current liabilities 3.3 2.0
Total current liabilities 784.8 803.9
Convertible senior notes, net of current portion 344.3 343.6
Term loan, net of current portion 945.5 946.9
Operating lease liabilities, non-current 380.8 407.5
Other non-current liabilities 36.0 37.2
Total liabilities 2,491.3 2,539.1
Commitments and contingencies (Note 8)
Stockholders' deficit    
Common stock, $0.000025 par value; 2,500,000,000 and 2,500,000,000 shares of Class A common stock authorized, 409,087,814 and 390,579,270 shares of Class A common stock issued and outstanding as of December 31, 2025 and June 30, 2025, respectively; 2,500,000,000 and 2,500,000,000 shares of Class B common stock authorized, 15,836,724 and 15,837,270 shares of Class B common stock issued and outstanding as of December 31, 2025 and June 30, 2025, respectively. 0.0 0.0
Additional paid-in capital 5,289.1 5,183.8
Accumulated other comprehensive income 11.6 5.1
Accumulated deficit (5,627.4) (5,602.6)
Total stockholders' deficit (326.7) (413.8)
Total liabilities and stockholders' deficit $ 2,164.6 $ 2,125.3