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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Jun. 30, 2020
Current assets:    
Cash and cash equivalents $ 564,153 $ 573,643
Short-term investments 136,171 123,974
Accounts receivable, net 5,042 4,252
Unbilled revenue 6,925 6,549
Prepaid expenses and other current assets 15,421 26,781
Funds held for customers 1,668,903 1,644,250
Total current assets 2,396,615 2,379,449
Non-current assets:    
Operating lease right-of-use assets 43,400  
Property and equipment, net 21,709 13,866
Other assets 17,484 10,700
Total assets 2,479,208 2,404,015
Current liabilities:    
Accounts payable 6,566 3,478
Accrued compensation and benefits 7,605 12,387
Other accrued and current liabilities 8,335 8,541
Deferred revenue 6,166 5,891
Line of credit borrowings 2,300 2,300
Operating lease liabilities 2,485  
Customer fund deposits 1,668,903 1,644,250
Total current liabilities 1,702,360 1,676,847
Non-current liabilities:    
Deferred revenue 2,785 2,622
Operating lease liabilities 52,934  
Other long-term liabilities 2,361 13,827
Total liabilities 1,760,440 1,693,296
Commitments and contingencies
Stockholders' equity:    
Preferred stock
Common stock 2 2
Additional paid-in capital 879,346 857,044
Accumulated other comprehensive income 1,118 2,420
Accumulated deficit (161,698) (148,747)
Total stockholders' equity 718,768 710,719
Total liabilities and stockholders' equity $ 2,479,208 $ 2,404,015