QuinStreet (QNST) 10-Q 8 Feb 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Dec. 31, 2023	Jan. 31, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Trading Symbol	QNST
Entity Registrant Name	QuinStreet, Inc.
Entity Central Index Key	0001117297
Current Fiscal Year End Date	--06-30
Entity Shell Company	false
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity File Number	001-34628
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		54,890,505
Entity Tax Identification Number	77-0512121
Entity Address, Address Line One	950 Tower Lane
Entity Address, Address Line Two	12th Floor
Entity Address, City or Town	Foster City
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94404
City Area Code	650
Local Phone Number	578-7700
Entity Interactive Data Current	Yes
Document Quarterly Report	true
Document Transition Report	false
Entity Incorporation, State or Country Code	DE
Security Exchange Name	NASDAQ
Title of 12(b) Security	Common Stock, par value $0.001 per share

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 45,520	$ 73,677
Accounts receivable, net of allowances and reserves of $3,578 and $3,722 as of December 31, 2023 and June 30, 2023, respectively	74,727	67,748
Prepaid expenses and other assets	7,832	9,779
Total current assets	128,079	151,204
Property and equipment, net	20,604	16,749
Operating lease right-of-use assets	11,909	3,536
Goodwill	121,141	121,141
Other intangible assets, net	33,544	38,700
Other assets, noncurrent	5,640	5,825
Total assets	320,917	337,155
Current liabilities:
Accounts payable	33,783	37,926
Accrued liabilities	44,538	44,010
Deferred revenue	0	9
Other liabilities	6,714	7,875
Total current liabilities	85,035	89,820
Operating lease liabilities, noncurrent	9,056	1,261
Other liabilities, noncurrent	11,573	16,273
Total liabilities	105,664	107,354
Commitments and contingencies (See Note 10)	0	0
Stockholders' equity:
Common stock: $0.001 par value; 100,000,000 shares authorized; 54,887,538 and 54,192,928 shares issued and outstanding as of December 31, 2023 and June 30, 2023	55	54
Additional paid-in capital	336,665	329,093
Accumulated other comprehensive loss	(268)	(266)
Accumulated deficit	(121,199)	(99,080)
Total stockholders' equity	215,253	229,801
Total liabilities and stockholders' equity	$ 320,917	$ 337,155

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Statement of Financial Position [Abstract]
Accounts receivable, net of allowances and reserves	$ 3,578	$ 3,722
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	54,887,538	54,192,928
Common stock, shares outstanding	54,887,538	54,192,928

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
Net revenue		$ 122,683	$ 134,048	$ 246,606	$ 277,641
Cost of revenue	[1]	115,830	125,510	232,104	256,755
Gross profit		6,853	8,538	14,502	20,886
Operating expenses:
Product development	[1]	7,272	7,174	14,909	14,000
Sales and marketing	[1]	3,325	3,166	6,449	6,266
General and administrative	[1]	7,651	7,370	14,438	14,689
Operating loss	[1]	(11,395)	(9,172)	(21,294)	(14,069)
Interest income		166	12	332	19
Interest expense		(111)	(213)	(222)	(439)
Other income (expense), net		38	(9)	67	(32)
Loss before income taxes		(11,302)	(9,382)	(21,117)	(14,521)
(Provision for) benefit from income taxes		(252)	1,403	(1,002)	2,025
Net loss		$ (11,554)	$ (7,979)	$ (22,119)	$ (12,496)
Net loss per share:
Basic		$ (0.21)	$ (0.15)	$ (0.41)	$ (0.23)
Diluted	[2]	$ (0.21)	$ (0.15)	$ (0.41)	$ (0.23)
Weighted-average shares used in computing net loss per share:
Basic		54,759	53,709	54,612	53,529
Diluted		54,759	53,709	54,612	53,529
[1] Cost of revenue and operating expenses include stock-based compensation expense as follows: Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred during the three and six months ended December 31, 2023 and 2022. The assumed issuance of any additional shares would be anti-dilutive.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Parenthetical) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Cost of revenue [Member]
Stock-based compensation	$ 2,229	$ 2,113	$ 4,281	$ 4,232
Product development [Member]
Stock-based compensation	837	765	1,610	1,530
Sales and marketing [Member]
Stock-based compensation	723	658	1,363	1,310
General and administrative [Member]
Stock-based compensation	$ 2,279	$ 1,941	$ 4,089	$ 3,675

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,554)	$ (7,979)	$ (22,119)	$ (12,496)
Other comprehensive loss:
Foreign currency translation adjustment	0	(2)	(2)	(7)
Total other comprehensive income (loss)	0	(2)	(2)	(7)
Comprehensive (loss) income	$ (11,554)	$ (7,981)	$ (22,121)	$ (12,503)

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Accumulated Deficit [Member]
Beginning Balance at Jun. 30, 2022	$ 286,000	$ 53		$ 316,422	$ (261)	$ (30,214)
Beginning Balance, Shares at Jun. 30, 2022		53,356,875
Issuance of common stock upon exercise of stock options	476			476
Issuance of common stock upon exercise of stock options, Shares		83,680
Release of restricted stock, net of share settlement		$ 1		(1)
Release of restricted stock, net of share settlement, Shares		511,720
Issuance of common stock under the employee stock purchase plan	1,324			1,324
Issuance of common stock under the employee stock purchase plan, Shares		137,914
Stock-based compensation expense	10,775			10,775
Withholding taxes related to release of restricted stock, net of share settlement	(3,226)			(3,226)
Repurchase of common stock	(3,050)		$ (3,050)
Repurchase of common stock, Shares			(285,644)
Retirement of treasury stock			$ 3,050	(3,050)
Retirement of treasury stock, Shares		(285,644)	285,644
Net loss	(12,496)					(12,496)
Other comprehensive loss	(7)				(7)
Ending Balance at Dec. 31, 2022	279,796	$ 54		322,720	(268)	(42,710)
Ending Balance, Shares at Dec. 31, 2022		53,804,545
Beginning Balance at Sep. 30, 2022	283,256	$ 54		318,199	(266)	(34,731)
Beginning Balance, Shares at Sep. 30, 2022		53,549,167
Issuance of common stock upon exercise of stock options	240			240
Issuance of common stock upon exercise of stock options, Shares		45,825
Release of restricted stock, net of share settlement, Shares		209,553
Stock-based compensation expense	5,491			5,491
Withholding taxes related to release of restricted stock, net of share settlement	(1,210)			(1,210)
Net loss	(7,979)					(7,979)
Other comprehensive loss	(2)				(2)
Ending Balance at Dec. 31, 2022	279,796	$ 54		322,720	(268)	(42,710)
Ending Balance, Shares at Dec. 31, 2022		53,804,545
Beginning Balance at Jun. 30, 2023	$ 229,801	$ 54		329,093	(266)	(99,080)
Beginning Balance, Shares at Jun. 30, 2023	54,192,928	54,192,928
Issuance of common stock upon exercise of stock options	$ 589			589
Issuance of common stock upon exercise of stock options, Shares		165,136
Release of restricted stock, net of share settlement		$ 1		(1)
Release of restricted stock, net of share settlement, Shares		636,331
Issuance of common stock under the employee stock purchase plan	1,164			1,164
Issuance of common stock under the employee stock purchase plan, Shares		140,761
Stock-based compensation expense	11,368			11,368
Withholding taxes related to release of restricted stock, net of share settlement	(3,348)			(3,348)
Repurchase of common stock	(2,200)		$ (2,200)
Repurchase of common stock, Shares			(247,618)
Retirement of treasury stock			$ 2,200	(2,200)
Retirement of treasury stock, Shares		(247,618)	247,618
Net loss	(22,119)					(22,119)
Other comprehensive loss	(2)				(2)
Ending Balance at Dec. 31, 2023	$ 215,253	$ 55		336,665	(268)	(121,199)
Ending Balance, Shares at Dec. 31, 2023	54,887,538	54,887,538
Beginning Balance at Sep. 30, 2023	$ 222,336	$ 55		332,194	(268)	(109,645)
Beginning Balance, Shares at Sep. 30, 2023		54,648,886
Issuance of common stock upon exercise of stock options	173			173
Issuance of common stock upon exercise of stock options, Shares		50,650
Release of restricted stock, net of share settlement, Shares		258,109
Stock-based compensation expense	6,081			6,081
Withholding taxes related to release of restricted stock, net of share settlement	(1,161)			(1,161)
Repurchase of common stock	(622)		$ (622)
Repurchase of common stock, Shares			(70,107)
Retirement of treasury stock			$ 622	(622)
Retirement of treasury stock, Shares		(70,107)	70,107
Net loss	(11,554)					(11,554)
Other comprehensive loss	0
Ending Balance at Dec. 31, 2023	$ 215,253	$ 55		$ 336,665	$ (268)	$ (121,199)
Ending Balance, Shares at Dec. 31, 2023	54,887,538	54,887,538

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities
Net loss	$ (22,119)	$ (12,496)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	11,051	9,032
Provision for sales returns and doubtful accounts receivable	382	729
Stock-based compensation	11,343	10,747
Non-cash lease expense	(610)	(542)
Deferred income taxes	745	(2,279)
Other adjustments, net	(415)	(138)
Changes in assets and liabilities:
Accounts receivable	(7,361)	9,288
Prepaid expenses and other assets	2,000	(588)
Accounts payable	(4,725)	(4,675)
Accrued liabilities	906	(5,547)
Deferred revenue	(9)	(331)
Other assets, non-current	185	0
Net cash (used in) provided by operating activities	(8,627)	3,200
Cash Flows from Investing Activities
Capital expenditures	(2,962)	(1,553)
Internal software development costs	(6,415)	(5,465)
Other investing activities	0	(120)
Net cash used in investing activities	(9,377)	(7,138)
Cash Flows from Financing Activities
Proceeds from exercise of stock options and issuance of common stock under employee stock purchase plan	1,700	1,797
Payment of withholding taxes related to release of restricted stock, net of share settlement	(3,348)	(3,226)
Post-closing payments and contingent consideration related to acquisitions	(6,229)	(7,224)
Repurchase of common stock	(2,288)	(4,731)
Net cash used in financing activities	(10,165)	(13,384)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	12	(13)
Net decrease in cash, cash equivalents and restricted cash	(28,157)	(17,335)
Cash, cash equivalents and restricted cash at beginning of period	73,692	96,453
Cash, cash equivalents and restricted cash at end of period	45,535	79,118
Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Cash and cash equivalents	45,520	79,104
Restricted cash included in other assets, noncurrent	$ 15	$ 14
Restricted Cash, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other assets, noncurrent	Other assets, noncurrent
Total cash, cash equivalents and restricted cash	$ 45,535	$ 79,118
Supplemental Disclosure of Cash Flow Information
Cash paid for income taxes	170	119
Supplemental Disclosure of Non-cash Investing and Financing Activities
Purchases of property and equipment included in accrued liabilities	1,579	885
Retirement of treasury stock (See Note 11)	$ (2,200)	$ (3,050)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (11,554)	$ (7,979)	$ (22,119)	$ (12,496)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

The Company

The Company	6 Months Ended
	Dec. 31, 2023
Organization [Abstract]
The Company	1. The Company QuinStreet, Inc. (the “Company”) is a leader in performance marketplaces and technologies for the financial services and home services industries. The Company was incorporated in California in April 1999 and reincorporated in Delaware in December 2009. The Company specializes in customer acquisition for clients in high value, information-intensive markets or “verticals,” including financial services and home services. The corporate headquarters are located in Foster City, California, with additional offices throughout the United States, India and Mexico. The majority of the Company’s operations and revenue are in North America.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies Basis of Presentation Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation. Unaudited Interim Financial Information The accompanying condensed consolidated financial statements and the notes to the condensed consolidated financial statements as of December 31, 2023 and for the three and six months ended December 31, 2023 and 2022 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023, as filed with the SEC on August 21, 2023. The condensed consolidated balance sheet at June 30, 2023 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of the Company’s condensed consolidated balance sheet at December 31, 2023, its condensed consolidated statements of stockholders’ equity, operations and comprehensive loss for the three and six months ended December 31, 2023 and 2022 and condensed consolidated statements of cash flows for the six months ended December 31, 2023 and 2022. The results of operations for the three and six months ended December 31, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2024, or any other future period. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, long-lived assets, contingencies, credit losses of accounts receivable, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In addition, the Company may engage third-party valuation specialists to assist with the preparation of certain of its valuations. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods. Accounting Policies The significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023. There have been no material changes to our significant accounting policies as of and for the six months ended December 31, 2023. Accounts Receivable and Allowances The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its customers and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts and allowance for unbilled receivables based upon its assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect from customers. The allowance for credit losses on accounts receivable was $ 2.1 million as of both December 31, 2023 and June 30, 2023. The revenue reserve was $ 1.5 million as of December 31, 2023, and $ 1.6 million as of June 30, 2023. The total allowance for credit losses and revenue reserve was $ 3.6 million as of December 31, 2023, and $ 3.7 million as of June 30, 2023. Concentrations of Credit Risk The Company did not have any clients with net revenue over 10% for the three and six months ended December 31, 2023. The Company had one client that accounted for 19 % and 22 % of net revenue for the three and six months ended December 31, 2022. No other clients accounted for 10 % or more of net revenue or net accounts receivables as of June 30, 2023. Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash equivalents, accounts receivable, accounts payable, post-closing payments and contingent consideration related to acquisitions. The recorded values of the Company’s accounts receivable and accounts payable approximate their current fair values due to the relatively short-term nature of these accounts. Cash and Cash Equivalents All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents on the Company’s condensed consolidated balance sheets. Recent Accounting Pronouncements In October 2021, the FASB issued Accounting Standards Update No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. The Company adopted the new standard in the first quarter of fiscal year 2024 on a prospective basis . The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.

Revenue

Revenue	6 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue	3. Revenue Disaggregation of Revenue The following table presents the Company’s net revenue disaggregated by vertical (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Net revenue: Financial Services $ 71,334 $ 89,310 $ 143,458 $ 184,300 Home Services 49,333 42,975 98,728 89,708 Other Revenue 2,016 1,763 4,420 3,633 Total net revenue $ 122,683 $ 134,048 $ 246,606 $ 277,641 Contract Balances The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands): December 31, June 30, 2023 2023 Deferred revenue $ — $ 9 Client deposits 1,267 1,213 Total $ 1,267 $ 1,222 The Company’s contract liabilities result from payments received in advance of revenue recognition and advance consideration received from clients, which precede the Company’s satisfaction of the associated performance obligation. The changes in the liability balances during the six months ended December 31, 2023 related to advance consideration received from clients of $ 5.7 million, offset by revenue recognized of $ 5.7 million.

Net Loss per Share

Net Loss per Share	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Net Loss per Share	4. Net Loss per Share Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options, unvested restricted stock units, and shares issuable related to the employee stock purchase plan (“ESPP”) using the treasury stock method. The following table presents the calculation of basic and diluted net loss per share: Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 (In thousands, except per share data) (In thousands, except per share data) Numerator: Basic and Diluted: Net loss $ ( 11,554 ) $ ( 7,979 ) $ ( 22,119 ) $ ( 12,496 ) Denominator: Basic: Weighted-average shares of common stock used in computing basic net loss per share 54,759 53,709 54,612 53,529 Diluted: Weighted average shares of common stock used in computing basic net loss per share 54,759 53,709 54,612 53,529 Weighted average effect of dilutive securities: Stock options — — — — Restricted stock units — — — — Shares issuable related to the ESPP — — — — Weighted average shares of common stock used in computing diluted net loss per share 54,759 53,709 54,612 53,529 Net loss per share: Basic $ ( 0.21 ) $ ( 0.15 ) $ ( 0.41 ) $ ( 0.23 ) Diluted (1) $ ( 0.21 ) $ ( 0.15 ) $ ( 0.41 ) $ ( 0.23 ) Securities excluded from weighted-average shares used in computing diluted net loss per share because the effect would have been anti-dilutive (2) 4,596 4,363 4,545 4,299 (1) Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred during the three and six months ended December 31, 2023 and 2022. The assumed issuance of any additional shares would be anti-dilutive. (2) These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future .

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	5. Fair Value Measurements Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the reporting date. The Company estimates and categorizes the fair value of its financial instruments by applying the following hierarchy: Level 1 — Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to directly access. Level 2 — Valuations based on quoted prices for similar assets or liabilities; valuations for interest-bearing securities based on non-daily quoted prices in active markets; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. Level 3 — Valuations based on inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. The following tabl e presents the fair value of the Company’s financial instruments (in thousands): December 31, 2023 June 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 12,151 $ — $ — $ 12,151 $ 16,910 $ — $ — $ 16,910 Total $ 12,151 $ — $ — $ 12,151 $ 16,910 $ — $ — $ 16,910 Liabilities: Post-closing payments related to acquisitions $ — $ 11,220 $ — $ 11,220 $ — $ 17,498 $ — $ 17,498 Contingent consideration related to acquisitions — — 711 711 — — 1,039 1,039 Total $ — $ 11,220 $ 711 $ 11,931 $ — $ 17,498 $ 1,039 $ 18,537 Reported as: Cash and cash equivalents $ 12,151 $ 16,910 Other Liabilities: Current $ 6,714 $ 7,875 Noncurrent 5,217 10,662 Total $ 11,931 $ 18,537 There were no transfers between Level 1, Level 2, and Level 3 during the periods presented. Cash Equivalents The valuation technique used to measure the fair value of money market funds included using quoted prices in active markets for identical assets and are classified as Level 1 within the fair value hierarchy. Post-Closing Payments Related to Acquisitions The post-closing payments are future payments related to the acquisition of Modernize, Inc. (“Modernize”) in fiscal year 2021 and two immaterial acquisitions completed in fiscal year 2022. As the fair value of the Company’s post-closing payments was determined based on installments stipulated in the terms of the acquisition agreements and discount rates observable in the market, the post-closing payments are classified as Level 2 within the fair value hierarchy. See Note 6, Acquisitions , for further details related to the acquisitions. Contingent Consideration Related to Acquisitions The contingent consideration consists of the estimated fair value of future payments related to the Company’s acquisition of CloudControlMedia, LLC (“CCM”) and is based upon revenue targets. The fair value of the contingent consideration is determined using the real options technique which incorporates various estimates, including projected net revenue, projected gross margin, volatility and discount rates. As certain of these inputs are not observable in the market, the contingent consideration is classified as a Level 3 instrument. Significant changes in the projected net revenue, projected gross margin, or discount rates would have a material impact on the fair value of the contingent consideration. Changes in the fair value of the contingent consideration are recorded in earnings on the Company’s condensed consolidated statements of operations. The following table represents the changes in the contingent consideration during the three and six months ended December 31, 2023 (in thousands): Three Months Ended Six Months Ended December 31, 2023 December 31, 2023 Balance at the beginning of period $ 711 $ 1,039 Changes in fair value during the period — — Payments made during the period — ( 328 ) Balance at the end of period $ 711 $ 711

Acquisitions

Acquisitions	6 Months Ended
	Dec. 31, 2023
Business Combinations [Abstract]
Acquisitions	6. Acquisitions In the first quarter of fiscal year 2021 , the Company completed the acquisition of Modernize, a leading home improvement performance marketing company in the home services client vertical, to broaden its customer and media relationships. In exchange for all the outstanding shares of Modernize, the Company paid $ 43.9 million in cash upon closing (including $ 3.9 million cash for net assets acquired subject to post-closing adjustments) and will make $ 27.5 million in post-closing payments, payable in equal annual installments over a five-year period, with the first annual installment paid in the first quarter of fiscal year 2022 . In the second quarter of fiscal year 2022 , the Company completed an immaterial acquisition within the home services client vertical. The Company paid $ 1.0 million in cash upon closing and will make $ 2.0 million in post-closing payments, payable in equal annual installments over a two-year period, with the first annual installment paid in the second quarter of fiscal year 2023. In the fourth quarter of fiscal year 2022 , the Company completed another immaterial acquisition within the home services client vertical. The Company paid $ 1.0 million in cash upon closing and will make $ 1.0 million in post-closing payments, payable in equal annual installments over a two-year period , with the first installment paid in the fourth quarter of fiscal year 2023.

Goodwill and Intangible Assets,

Goodwill and Intangible Assets, Net	6 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets, Net	7. Goodwill and Intangible Assets, Net Goodwill As of December 31, 2023 and June 30, 2023, the Company had goodwill of $ 121.1 million. There were no impairments to goodwill during the six months ended December 31, 2023. Intangible Assets, Net Intangible assets, net, consisted of the following (in thousands): December 31, 2023 June 30, 2023 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Customer/publisher/advertiser relationships $ 91,630 $ ( 64,906 ) $ 26,724 $ 91,629 $ ( 61,025 ) $ 30,604 Content 43,056 ( 43,056 ) — 43,056 ( 43,056 ) — Website/trade/domain names 25,422 ( 19,756 ) 5,666 25,422 ( 19,451 ) 5,971 Acquired technology and others 34,934 ( 33,779 ) 1,154 34,934 ( 32,809 ) 2,125 Total $ 195,042 $ ( 161,497 ) $ 33,544 $ 195,041 $ ( 156,341 ) $ 38,700 Amortization of intangib le assets was $ 2.6 million and $ 5.2 million for the three and six months ended December 31, 2023, a nd $ 2.8 million and $ 5.6 million for the three and six months ended December 31, 2022. Future amortization expense for the Company’s intangible assets as of December 31, 2023 was as follows (in thousands): Fiscal Year Ending June 30, Amortization 2024 (remaining nine months) $ 5,052 2025 8,069 2026 5,461 2027 4,500 2028 4,037 Thereafter 6,425 Total $ 33,544

Income Taxes

Income Taxes	6 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	8. Income Taxes The Company’s provision for income taxes for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any. Each quarter the Company updates its estimate of the annual effective tax rate and makes a year-to-date adjustment to the provision. The Company recorded a provision for income taxes of $ 0.3 million and $ 1.0 million for the three and six months ended December 31, 2023 and a benefit of $ 1.4 million and $ 2.0 million for the three and six months ended December 31, 2022. The tax provision for the second quarter of 2023 was primarily related to the foreign operations and the tax amortization of goodwill. The tax benefit in the second quarter of 2022 was related to losses of the Company and the foreign operations. The Company performed an assessment on the likelihood of realizing the benefits of its deferred tax assets. As of December 31, 2023, the Company has concluded that it is not more likely than not that the Company would be able to utilize the majority of the deferred tax assets based on available evidence primarily related to historic losses and projected income. However, if there are favorable changes to actual operating results or to projections of future income, the Company may determine that it is more likely than not that such deferred tax assets may be realizable and record a material non-cash income tax benefit. Additionally, in the event that the Company experiences an ownership change within the meaning of Section 382 of the Internal Revenue Code (“IRC”), the Company’s ability to utilize net operating losses, tax credits and other tax attributes may be limited.

Leases

Leases	6 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Leases	9. Leases The Company has operating leases primarily for its office facilities. The leases expire at various dates through fiscal year 2029, some of which include options to renew, with renewal terms of up to 7 years. The Company does not include any renewal options in the lease terms for calculating lease liability, as the renewal options allow the Company to maintain operational flexibility and the Company is not reasonably certain that it will exercise these renewal options at the time of the lease commencement. The components of lease expense for the three and six months ended December 31, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Operating lease expense $ 690 $ 1,229 $ 2,139 $ 2,454 Short-term lease expense 179 160 356 329 Variable lease expense (1) 210 148 420 291 Total lease expense $ 1,079 $ 1,537 $ 2,915 $ 3,074 (1) Variable lease expense for the three and six months ended December 31, 2023 and 2022 primarily included common area maintenance charges. Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate): Six Months Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 3,095 $ 2,945 Lease liabilities arising from obtaining right-of-use assets Operating leases $ 7,044 $ — Weighted average remaining lease term - operating leases 4.5 years 1.6 years Weighted average discount rate - operating leases 6.2 % 5.1 % The implicit rate within each lease is not readily determinable and therefore the Company uses its incremental borrowing rate at the lease commencement date to determine the present value of the lease payments. The determination of the incremental borrowing rate requires judgment. The Company determined its incremental borrowing rate for each lease using indicative bank borrowing rates, adjusted for various factors including level of collateralization, term and currency to align with the terms of a lease. Maturities of operating lease liabilities as of December 31, 2023 were as follows (in thousands): Fiscal Year Ending June 30, Amount 2024 (remaining six months) $ 2,020 2025 3,356 2026 2,708 2027 2,572 2028 2,714 Thereafter 1,666 Total minimum lease payments 15,036 Less imputed interest ( 2,694 ) Present value of net minimum lease payments $ 12,342 Operating lease liabilities: Current $ 3,286 Noncurrent 9,056 Total $ 12,342

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	10. Commitments and Contingencies Guarantor Arrangements The Company has agreements whereby it indemnifies its officers and directors for certain events or occurrences while the officer or director is, or was, serving at the Company’s request in such capacity. The term of the indemnification period is for the officer or director’s lifetime. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer insurance policy that limits its exposure and enables the Company to recover a portion of any future amounts under certain circumstances and subject to deductibles and exclusions. As a result of its insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is not material. Accordingly, the Company had no liabilities recorded for these agreements as of December 31, 2023 and June 30, 2023. In the ordinary course of its business, the Company from time to time enters into standard indemnification provisions in its agreements with its clients. Pursuant to these provisions, the Company may be obligated to indemnify its clients for certain losses suffered or incurred, including losses arising from violations of applicable law by the Company or by its third-party publishers, losses arising from actions or omissions of the Company or its third-party publishers, and for third-party claims that a Company product infringed upon any United States patent, copyright or other intellectual property rights. Where practicable, the Company limits its liabilities under such indemnities. Subject to these limitations, the term of such indemnification provisions is generally coterminous with the corresponding agreements but may extend for the duration of the applicable statute of limitations after termination of the agreement. The potential amount of future payments to defend lawsuits or settle indemnified claims under these indemnification provisions is generally limited and the Company believes the estimated fair value of these indemnity provisions is not material. Accordingly, the Company had no liabilities recorded for these agreements as of December 31, 2023 and June 30, 2023. Letters of Credit The Compan y has a $ 0.5 million letter of credit ag reement with a financial institution that is used as collateral for the Company’s corporate headquarters’ operating lease. The letter of credit automatically renews annually without amendment unless canceled by the financial institution within 30 days of the annual expiration date.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Dec. 31, 2023
Equity [Abstract]
Stockholders' Equity	11. Stockholders’ Equity Stock Repurchases In April 2022, the Board of Directors canc eled the prior stock repurchase program that commenced in July 2017 and authorized a new stock repurchase program allowing the repurchase of up to $ 40.0 million worth of common stock. During the six months ended December 31, 2023, the Company repurchased and retired 247,618 shares of its common stock at an average price of $ 8.85 per share, at a total cost of $ 2.2 million (including a broker commission of $ 0.03 per share). Repurchases under th is program took place in the open market and were made under a Rule 10b5-1 plan. The repurchased shares of common stock were recorded as treasury stock and were accounted for under the cost method. As of December 31, 2023, approximat ely $ 16.8 milli on remained available for stock repurchases pursuant to the board authorization. The Company’s accounting policy upon the retirement of treasury stock is to deduct its par value from common stock and reduce additional paid-in capital by the amount recorded in additional paid-in capital when the stock was originally issued.

Stock Benefit Plans

Stock Benefit Plans	6 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Stock Benefit Plans	12. Stock Benefit Plans Stock Incentive Plans The Company may grant nonstatutory stock options (“NQSOs”), restricted stock, restricted stock units (“RSUs”), stock appreciation rights, performance-based stock awards, and other forms of equity compensation, as well as performance cash awards, under its 2010 Equity Incentive Plan (the “2010 Incentive Plan”). The Company may grant NQSOs and RSUs to non-employee directors under the 2010 Non-Employee Directors’ Stock Award Plan (the “Directors’ Plan”). Prior to fiscal year 2016, the Company granted RSUs with a service condition (“service-based RSUs”). In fiscal year 2016, the Company also began granting to employees RSUs with a market condition (“market-based RSUs”) that requires the Company’s stock price achieve a specified price above the grant date stock price before it can be eligible for service vesting conditions. In fiscal year 2019, the Company began granting to employees RSUs with a performance condition (“performance-based RSUs”) that vest variably subject to the achievement of certain revenue growth and adjusted EBITDA targets (“performance targets”). The Company evaluates the portion of the awards that are probable to vest quarterly until the performance targets are met. To date, the Company has issued ISOs, NQSOs, service-based RSUs, market-based RSUs and performance-based RSUs under its stock incentive plans. As of December 31, 202 3, 23,125,612 shares were reserved and 9,388,559 shares were available for issuance under the 2010 Incentive Plan; 4,598,838 shares were reserved and 1,925,786 shares were availa ble for issuance under the Directors’ Plan. The Company estimates the fair value of stock options at the date of grant using the Black-Scholes option-pricing model. Options are granted with an exercise price equal to the closing price of the Company’s common stock on the date of grant. The weighted-average Black-Scholes model assumptions for the three and six months ended December 31, 2023 and 2022 were as follows: Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Expected term (in years) 3.5 3.5 3.5 3.5 Expected volatility 51 % 57 % 54 % 56 % Expected dividend yield — — — — Risk-free interest rate 4.9 % 4.4 % 4.7 % 3.7 % Grant date fair value $ 4.50 $ 5.90 $ 4.42 $ 5.66 The Company estimates the fair value of service-based RSUs and performance-based RSUs based on the closing price of the Company’s common stock on the grant date. As some of the components that comprise the performance targets have not been fully established, a grant date as defined by ASC 718 has not been determined. The Company will re-measure the compensation expense associated with the performance-based RSUs at each reporting date based on the closing price of the Company’s common stock at each reporting date until the grant date has been established. Compensation expense is amortized net of estimated forfeitures on a straight-line basis over the requisite service period of the stock-based compensation awards. Employee Stock Purchase Plan In October 2021, the Company adopted the 2021 Employee Stock Purchase Plan (the “2021 ESPP”), with 2,164,999 shares of common stock reserved for future issuance under the plan. The 2021 ESPP allows eligible employees to purchase shares of the Company’s common stock at a discount through payroll deductions of up to 15 % of their eligible compensation. A participant may purchase up to a maximum of 2,500 shares of the common stock during each purchase period, subject to a maximum of $ 25,000 worth of shares of the common stock in each calendar year (as determined under applicable tax rules). During the six months ended December 31 , 2023, 140,761 shares of common stock were purchased under the 2021 ESPP. As of December 31, 2023, 1,745,592 shares were avai lable for issuance under the 2021 ESPP. ESPP employee payroll contributions accrued as of December 31, 2023 wer e $ 1.1 million, an d are included within accrued liabilities on the Company’s condensed consolidated balance sheet. Payroll contributions accrued as of December 31, 2023 will be used to purchase shares at the end of the current ESPP purchase period ending on February 24, 2024 . The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions: Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Expected term (in years) 0.5 - 2.0 0.5 - 2.0 0.5 - 2.0 0.5 - 2.0 Expected volatility 53 % - 58 % 48 % - 57 % 53 % - 58 % 48 % - 57 % Expected dividend yield — — — — Risk-free interest rate 4.9 % - 5.5 % 2.9 % - 3.0 % 4.9 % - 5.5 % 2.9 % - 3.0 % Grant date fair value $ 2.97 - $ 4.44 $ 3.77 - $ 5.53 $ 2.97 - $ 4.44 $ 3.77 - $ 5.53

Segment Information

Segment Information	6 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Segment Information	13. Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker, its chief executive officer, reviews financial information presented on a consolidated basis and no expense or operating income is evaluated at a segment level. Given the consolidated level of review by the Company’s chief executive officer, the Company operates as one reportable segment. The following tables set forth net revenue and long-lived assets by geographic area (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Net revenue: United States $ 121,353 $ 131,891 $ 243,727 $ 272,705 International 1,330 2,157 2,879 4,936 Total net revenue $ 122,683 $ 134,048 $ 246,606 $ 277,641 December 31, June 30, 2023 2023 Property and equipment, net: United States $ 20,375 $ 16,475 International 229 274 Total property and equipment, net $ 20,604 $ 16,749 December 31, June 30, 2023 2023 Other intangible assets, net: United States $ 33,544 $ 38,700 International — — Total other intangible assets, net $ 33,544 $ 38,700

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The condensed consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidation.
Unaudited Interim Financial Information	Unaudited Interim Financial Information The accompanying condensed consolidated financial statements and the notes to the condensed consolidated financial statements as of December 31, 2023 and for the three and six months ended December 31, 2023 and 2022 are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023, as filed with the SEC on August 21, 2023. The condensed consolidated balance sheet at June 30, 2023 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including notes, required by GAAP. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for the fair presentation of the Company’s condensed consolidated balance sheet at December 31, 2023, its condensed consolidated statements of stockholders’ equity, operations and comprehensive loss for the three and six months ended December 31, 2023 and 2022 and condensed consolidated statements of cash flows for the six months ended December 31, 2023 and 2022. The results of operations for the three and six months ended December 31, 2023 are not necessarily indicative of the results to be expected for the fiscal year ending June 30, 2024, or any other future period.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and reported amounts of revenue and expenses during the period. On an ongoing basis, management evaluates these estimates, judgments and assumptions, including those related to revenue recognition, stock-based compensation, goodwill, long-lived assets, contingencies, credit losses of accounts receivable, and income taxes. The Company bases these estimates on historical and anticipated results and trends and on various other assumptions that the Company believes are reasonable under the circumstances, including assumptions as to future events. In addition, the Company may engage third-party valuation specialists to assist with the preparation of certain of its valuations. These estimates form the basis for making judgments about the carrying values of assets and liabilities and recorded revenue and expenses that are not readily apparent from other sources. Actual results could differ from those estimates, and such differences could affect the results of operations reported in future periods.
Accounting Policies	Accounting Policies The significant accounting policies are described in Note 2, Summary of Significant Accounting Policies, to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2023. There have been no material changes to our significant accounting policies as of and for the six months ended December 31, 2023.
Accounts Receivable and Allowances	Accounts Receivable and Allowances The Company’s accounts receivable are derived from clients located principally in the United States. The Company performs ongoing credit evaluation of its customers and generally does not require collateral. The Company makes estimates of expected credit losses for the allowance for doubtful accounts and allowance for unbilled receivables based upon its assessment of various factors, including historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect from customers. The allowance for credit losses on accounts receivable was $ 2.1 million as of both December 31, 2023 and June 30, 2023. The revenue reserve was $ 1.5 million as of December 31, 2023, and $ 1.6 million as of June 30, 2023. The total allowance for credit losses and revenue reserve was $ 3.6 million as of December 31, 2023, and $ 3.7 million as of June 30, 2023.
Concentrations of Credit Risk	Concentrations of Credit Risk The Company did not have any clients with net revenue over 10% for the three and six months ended December 31, 2023. The Company had one client that accounted for 19 % and 22 % of net revenue for the three and six months ended December 31, 2022. No other clients accounted for 10 % or more of net revenue or net accounts receivables as of June 30, 2023.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist principally of cash equivalents, accounts receivable, accounts payable, post-closing payments and contingent consideration related to acquisitions. The recorded values of the Company’s accounts receivable and accounts payable approximate their current fair values due to the relatively short-term nature of these accounts.
Cash and Cash Equivalents	Cash and Cash Equivalents All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents on the Company’s condensed consolidated balance sheets.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In October 2021, the FASB issued Accounting Standards Update No. 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU 2021-08), which requires contract assets and contract liabilities acquired in a business combination to be recognized and measured by the acquirer on the acquisition date in accordance with ASC 606, Revenue from Contracts with Customers, as if the acquirer had originated the contracts. The Company adopted the new standard in the first quarter of fiscal year 2024 on a prospective basis . The adoption of this standard did not have a material impact on the Company’s condensed consolidated financial statements.
Net (Loss) Income per Share	Basic net loss per share is computed by dividing net loss by the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed by using the weighted-average number of shares of common stock outstanding, including potential dilutive shares of common stock assuming the dilutive effect of outstanding stock options, unvested restricted stock units, and shares issuable related to the employee stock purchase plan (“ESPP”) using the treasury stock method.
Segment Information	Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker, or decision making group, in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision maker, its chief executive officer, reviews financial information presented on a consolidated basis and no expense or operating income is evaluated at a segment level. Given the consolidated level of review by the Company’s chief executive officer, the Company operates as one reportable segment.

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Net Revenue	The following table presents the Company’s net revenue disaggregated by vertical (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Net revenue: Financial Services $ 71,334 $ 89,310 $ 143,458 $ 184,300 Home Services 49,333 42,975 98,728 89,708 Other Revenue 2,016 1,763 4,420 3,633 Total net revenue $ 122,683 $ 134,048 $ 246,606 $ 277,641
Schedule of Contract Liabilities from Contracts with Clients	The following table provides information about contract liabilities from the Company’s contracts with its clients (in thousands): December 31, June 30, 2023 2023 Deferred revenue $ — $ 9 Client deposits 1,267 1,213 Total $ 1,267 $ 1,222

Net Loss per Share (Tables)

Net Loss per Share (Tables)	6 Months Ended
	Dec. 31, 2023
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Net Loss per Share	The following table presents the calculation of basic and diluted net loss per share: Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 (In thousands, except per share data) (In thousands, except per share data) Numerator: Basic and Diluted: Net loss $ ( 11,554 ) $ ( 7,979 ) $ ( 22,119 ) $ ( 12,496 ) Denominator: Basic: Weighted-average shares of common stock used in computing basic net loss per share 54,759 53,709 54,612 53,529 Diluted: Weighted average shares of common stock used in computing basic net loss per share 54,759 53,709 54,612 53,529 Weighted average effect of dilutive securities: Stock options — — — — Restricted stock units — — — — Shares issuable related to the ESPP — — — — Weighted average shares of common stock used in computing diluted net loss per share 54,759 53,709 54,612 53,529 Net loss per share: Basic $ ( 0.21 ) $ ( 0.15 ) $ ( 0.41 ) $ ( 0.23 ) Diluted (1) $ ( 0.21 ) $ ( 0.15 ) $ ( 0.41 ) $ ( 0.23 ) Securities excluded from weighted-average shares used in computing diluted net loss per share because the effect would have been anti-dilutive (2) 4,596 4,363 4,545 4,299 (1) Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred during the three and six months ended December 31, 2023 and 2022. The assumed issuance of any additional shares would be anti-dilutive. (2) These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future .

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis	The following tabl e presents the fair value of the Company’s financial instruments (in thousands): December 31, 2023 June 30, 2023 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Assets: Money market funds $ 12,151 $ — $ — $ 12,151 $ 16,910 $ — $ — $ 16,910 Total $ 12,151 $ — $ — $ 12,151 $ 16,910 $ — $ — $ 16,910 Liabilities: Post-closing payments related to acquisitions $ — $ 11,220 $ — $ 11,220 $ — $ 17,498 $ — $ 17,498 Contingent consideration related to acquisitions — — 711 711 — — 1,039 1,039 Total $ — $ 11,220 $ 711 $ 11,931 $ — $ 17,498 $ 1,039 $ 18,537 Reported as: Cash and cash equivalents $ 12,151 $ 16,910 Other Liabilities: Current $ 6,714 $ 7,875 Noncurrent 5,217 10,662 Total $ 11,931 $ 18,537
Schedule of Change in Contingent Consideration	The following table represents the changes in the contingent consideration during the three and six months ended December 31, 2023 (in thousands): Three Months Ended Six Months Ended December 31, 2023 December 31, 2023 Balance at the beginning of period $ 711 $ 1,039 Changes in fair value during the period — — Payments made during the period — ( 328 ) Balance at the end of period $ 711 $ 711

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets, Net (Tables)	6 Months Ended
	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	Intangible assets, net, consisted of the following (in thousands): December 31, 2023 June 30, 2023 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Customer/publisher/advertiser relationships $ 91,630 $ ( 64,906 ) $ 26,724 $ 91,629 $ ( 61,025 ) $ 30,604 Content 43,056 ( 43,056 ) — 43,056 ( 43,056 ) — Website/trade/domain names 25,422 ( 19,756 ) 5,666 25,422 ( 19,451 ) 5,971 Acquired technology and others 34,934 ( 33,779 ) 1,154 34,934 ( 32,809 ) 2,125 Total $ 195,042 $ ( 161,497 ) $ 33,544 $ 195,041 $ ( 156,341 ) $ 38,700
Amortization Expense	Future amortization expense for the Company’s intangible assets as of December 31, 2023 was as follows (in thousands): Fiscal Year Ending June 30, Amortization 2024 (remaining nine months) $ 5,052 2025 8,069 2026 5,461 2027 4,500 2028 4,037 Thereafter 6,425 Total $ 33,544

Leases (Tables)

Leases (Tables)	6 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Components of Lease Expense	The components of lease expense for the three and six months ended December 31, 2023 and 2022 were as follows (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Operating lease expense $ 690 $ 1,229 $ 2,139 $ 2,454 Short-term lease expense 179 160 356 329 Variable lease expense (1) 210 148 420 291 Total lease expense $ 1,079 $ 1,537 $ 2,915 $ 3,074 (1) Variable lease expense for the three and six months ended December 31, 2023 and 2022 primarily included common area maintenance charges.
Supplemental Information Related To Operating Leases	Supplemental information related to operating leases was as follows (in thousands, except lease term and discount rate): Six Months Ended December 31, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities Operating cash flows used for operating leases $ 3,095 $ 2,945 Lease liabilities arising from obtaining right-of-use assets Operating leases $ 7,044 $ — Weighted average remaining lease term - operating leases 4.5 years 1.6 years Weighted average discount rate - operating leases 6.2 % 5.1 %
Maturities of Operating Lease Liabilities	Maturities of operating lease liabilities as of December 31, 2023 were as follows (in thousands): Fiscal Year Ending June 30, Amount 2024 (remaining six months) $ 2,020 2025 3,356 2026 2,708 2027 2,572 2028 2,714 Thereafter 1,666 Total minimum lease payments 15,036 Less imputed interest ( 2,694 ) Present value of net minimum lease payments $ 12,342 Operating lease liabilities: Current $ 3,286 Noncurrent 9,056 Total $ 12,342

Stock Benefit Plans (Tables)

Stock Benefit Plans (Tables)	6 Months Ended
	Dec. 31, 2023
Employee Stock Option [Member]
Schedule of Weighted Average Assumptions	The Company estimates the fair value of stock options at the date of grant using the Black-Scholes option-pricing model. Options are granted with an exercise price equal to the closing price of the Company’s common stock on the date of grant. The weighted-average Black-Scholes model assumptions for the three and six months ended December 31, 2023 and 2022 were as follows: Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Expected term (in years) 3.5 3.5 3.5 3.5 Expected volatility 51 % 57 % 54 % 56 % Expected dividend yield — — — — Risk-free interest rate 4.9 % 4.4 % 4.7 % 3.7 % Grant date fair value $ 4.50 $ 5.90 $ 4.42 $ 5.66
Employee Stock Purchase Plan [Member]
Schedule of Fair Value of Purchase Rights	The fair value of the purchase rights for the ESPP are estimated on the date of grant using the Black-Scholes model with the following assumptions: Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Expected term (in years) 0.5 - 2.0 0.5 - 2.0 0.5 - 2.0 0.5 - 2.0 Expected volatility 53 % - 58 % 48 % - 57 % 53 % - 58 % 48 % - 57 % Expected dividend yield — — — — Risk-free interest rate 4.9 % - 5.5 % 2.9 % - 3.0 % 4.9 % - 5.5 % 2.9 % - 3.0 % Grant date fair value $ 2.97 - $ 4.44 $ 3.77 - $ 5.53 $ 2.97 - $ 4.44 $ 3.77 - $ 5.53

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Dec. 31, 2023
Segment Reporting [Abstract]
Net Revenue and Long-Lived Assets by Geographic Area	The following tables set forth net revenue and long-lived assets by geographic area (in thousands): Three Months Ended Six Months Ended December 31, December 31, 2023 2022 2023 2022 Net revenue: United States $ 121,353 $ 131,891 $ 243,727 $ 272,705 International 1,330 2,157 2,879 4,936 Total net revenue $ 122,683 $ 134,048 $ 246,606 $ 277,641 December 31, June 30, 2023 2023 Property and equipment, net: United States $ 20,375 $ 16,475 International 229 274 Total property and equipment, net $ 20,604 $ 16,749 December 31, June 30, 2023 2023 Other intangible assets, net: United States $ 33,544 $ 38,700 International — — Total other intangible assets, net $ 33,544 $ 38,700

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Thousands	3 Months Ended	6 Months Ended	12 Months Ended
	Dec. 31, 2022 Client	Dec. 31, 2022 Client	Jun. 30, 2023 USD ($) Client	Dec. 31, 2023 USD ($)
Summary Of Significant Accounting Policies [Line Items]
Allowance for credit losses on accounts receivable | $			$ 2,100	$ 2,100
Revenue reserve | $			1,600	1,500
Allowance for credit losses and revenue reserve | $			$ 3,722	$ 3,578
Customer Concentration Risk [Member] | Net revenue [Member] | One Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of clients accounted for more than 10% of net revenue | Client	1	1
Concentration risk percentage accounted by major clients	19%	22%
Customer Concentration Risk [Member] | Net revenue [Member] | Other Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of clients accounted for more than 10% of net revenue | Client			0
Concentration risk percentage accounted by major clients			10%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Other Client [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of clients accounted for more than 10% of net accounts receivable | Client			0
Concentration risk percentage accounted by major clients			10%

Revenue - Schedule of Disaggreg

Revenue - Schedule of Disaggregation of Net Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disaggregation Of Revenue [Line Items]
Net revenue	$ 122,683	$ 134,048	$ 246,606	$ 277,641
Financial Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	71,334	89,310	143,458	184,300
Home Services [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	49,333	42,975	98,728	89,708
Other Revenue [Member]
Disaggregation Of Revenue [Line Items]
Net revenue	$ 2,016	$ 1,763	$ 4,420	$ 3,633

Revenue - Schedule of Contract

Revenue - Schedule of Contract Liabilities from Contracts with Clients (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]
Deferred revenue	$ 0	$ 9
Client deposits	1,267	1,213
Total	$ 1,267	$ 1,222

Revenue - Additional Informatio

Revenue - Additional Information (Detail) $ in Millions	6 Months Ended
	Dec. 31, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Revenue recognized	$ 5.7
Change in amount of advance consideration received from customers	$ 5.7

Net Loss per Share - Calculatio

Net Loss per Share - Calculation of Basic and Diluted Net Loss per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Basic and Diluted:
Net loss		$ (11,554)	$ (7,979)	$ (22,119)	$ (12,496)
Basic:
Weighted-average shares of common stock used in computing basic net loss per share		54,759	53,709	54,612	53,529
Diluted:
Weighted average shares of common stock used in computing basic net loss per share		54,759	53,709	54,612	53,529
Weighted average effect of dilutive securities:
Weighted average shares of common stock used in computing diluted net loss per share		54,759	53,709	54,612	53,529
Net loss per share:
Basic		$ (0.21)	$ (0.15)	$ (0.41)	$ (0.23)
Diluted	[1]	$ (0.21)	$ (0.15)	$ (0.41)	$ (0.23)
Securities excluded from weighted-average shares used in computing diluted net loss per share because the effect would have been anti-dilutive	[2]	4,596	4,363	4,545	4,299
Stock options [Member]
Weighted average effect of dilutive securities:
Weighted-average effect of dilutive securities		0	0	0	0
Restricted stock units [Member]
Weighted average effect of dilutive securities:
Weighted-average effect of dilutive securities		0	0	0	0
Shares issuable related to the ESPP [Member]
Weighted average effect of dilutive securities:
Weighted-average effect of dilutive securities		0	0	0	0
[1] Diluted net loss per share does not reflect any potential common stock relating to stock options, restricted stock units, or shares issuable related to the ESPP due to net loss incurred during the three and six months ended December 31, 2023 and 2022. The assumed issuance of any additional shares would be anti-dilutive. These weighted shares relate to anti-dilutive stock options, restricted stock units, and shares issuable related to the ESPP as calculated using the treasury stock method and could be dilutive in the future .

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Fair Value of Financial Instruments Measured at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Assets:
Total Assets	$ 12,151	$ 16,910
Liabilities:
Total Liabilities	11,931	18,537
Cash and cash equivalents	12,151	16,910
Other Liabilities:
Other Liabilities	11,931	18,537
Current [Member]
Other Liabilities:
Other Liabilities	6,714	7,875
Non Current [Member]
Other Liabilities:
Other Liabilities	5,217	10,662
Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	11,220	17,498
Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	711	1,039
Money market funds [Member]
Assets:
Total Assets	12,151	16,910
Level 1 [Member]
Assets:
Total Assets	12,151	16,910
Liabilities:
Total Liabilities	0	0
Level 1 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 1 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 1 [Member] | Money market funds [Member]
Assets:
Total Assets	12,151	16,910
Level 2 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	11,220	17,498
Level 2 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	11,220	17,498
Level 2 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 2 [Member] | Money market funds [Member]
Assets:
Total Assets	0	0
Level 3 [Member]
Assets:
Total Assets	0	0
Liabilities:
Total Liabilities	711	1,039
Level 3 [Member] | Post-closing payments related to acquisitions [Member]
Liabilities:
Total Liabilities	0	0
Level 3 [Member] | Contingent consideration related to acquisitions [Member]
Liabilities:
Total Liabilities	711	1,039
Level 3 [Member] | Money market funds [Member]
Assets:
Total Assets	$ 0	$ 0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) - USD ($)	Dec. 31, 2023	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Abstract]
Fair value, assets, level 1 to level 2 transfers, amount	$ 0	$ 0
Fair value, assets, level 2 to level 1 transfers, amount	0	0
Fair value, liabilities, level 1 to level 2 transfers, amount	0	0
Fair value, liabilities, level 2 to level 1 transfers, amount	0	0
Fair value liabilities level 3 to level 1 transfers, amount	0	0
Fair value assets level 3 to level 1 transfers, amount	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Change in Contingent Consideration (Detail) - Level 3 [Member] - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2023
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance at the beginning of period	$ 711	$ 1,039
Changes in fair value during the period	0	0
Payments made during the period	0	(328)
Balance at the end of period	$ 711	$ 711

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - USD ($) $ in Millions		3 Months Ended
	Jul. 01, 2020	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2021
Modernize, Inc. [Member]
Business Acquisition [Line Items]
Closing date of acquisition	Jul. 01, 2020
Cash paid upon closing	$ 43.9
Cash paid for net assets acquired	3.9
Business Combination, post-closing payments	$ 27.5
Business combination, deferred consideration payment period	5 years
Business combination, deferred consideration payment description	post-closing payments, payable in equal annual installments over a five-year period, with the first annual installment paid in the first quarter of fiscal year 2022
Home Services Client Vertical [Member]
Business Acquisition [Line Items]
Closing date of acquisition			Jun. 30, 2022	Dec. 31, 2021
Cash paid upon closing		$ 1		$ 1
Business Combination, post-closing payments		$ 1		$ 2
Business combination, deferred consideration payment period		2 years		2 years
Business combination, deferred consideration payment description		post-closing payments, payable in equal annual installments over a two-year period		post-closing payments, payable in equal annual installments over a two-year period,

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets, Net - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill impairment loss			$ 0
Goodwill	$ 121,141,000		121,141,000		$ 121,141,000
Amortization of intangible assets	$ 2,600,000	$ 2,800,000	$ 5,200,000	$ 5,600,000

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets, Net - Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 195,042	$ 195,041
Finite-Lived Intangible Assets, Accumulated Amortization	(161,497)	(156,341)
Net Carrying Amount	33,544	38,700
Customer/publisher/advertiser relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	91,630	91,629
Finite-Lived Intangible Assets, Accumulated Amortization	(64,906)	(61,025)
Net Carrying Amount	26,724	30,604
Content [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,056	43,056
Finite-Lived Intangible Assets, Accumulated Amortization	(43,056)	(43,056)
Net Carrying Amount	0	0
Website/trade/domain names [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	25,422	25,422
Finite-Lived Intangible Assets, Accumulated Amortization	(19,756)	(19,451)
Net Carrying Amount	5,666	5,971
Acquired technology and others [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	34,934	34,934
Finite-Lived Intangible Assets, Accumulated Amortization	(33,779)	(32,809)
Net Carrying Amount	$ 1,154	$ 2,125

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets, Net - Amortization Expense (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2024 (remaining nine months)	$ 5,052
2025	8,069
2026	5,461
2027	4,500
2028	4,037
Thereafter	6,425
Net Carrying Amount	$ 33,544	$ 38,700

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
(Provision for) benefit from income taxes	$ (252)	$ 1,403	$ (1,002)	$ 2,025

Leases - Additional Information

Leases - Additional Information (Detail)	Dec. 31, 2023
Lessee, Lease, Description [Line Items]
Lessee, operating lease, renewal term	7 years

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Detail) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Lease, Cost [Abstract]
Operating lease expense		$ 690	$ 1,229	$ 2,139	$ 2,454
Short-term lease expense		179	160	356	329
Variable lease expense	[1]	210	148	420	291
Total lease expense		$ 1,079	$ 1,537	$ 2,915	$ 3,074
[1] Variable lease expense for the three and six months ended December 31, 2023 and 2022 primarily included common area maintenance charges.

Leases - Supplemental Informati

Leases - Supplemental Information Related to Operating Leases (Detail) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows used for operating leases	$ 3,095	$ 2,945
Lease liabilities arising from obtaining right-of-use assets
Operating leases	$ 7,044	$ 0
Weighted average remaining lease term - operating leases	4 years 6 months	1 year 7 months 6 days
Weighted average discount rate - operating leases	6.20%	5.10%

Leases - Maturities of Operatin

Leases - Maturities of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2023	Jun. 30, 2023
Lease, Cost [Abstract]
2024 (remaining six months)	$ 2,020
2025	3,356
2026	2,708
2027	2,572
2028	2,714
Thereafter	1,666
Total minimum lease payments	15,036
Less imputed interest	(2,694)
Present value of net minimum lease payments	12,342
Operating lease liabilities:
Current	$ 3,286
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other liabilities
Noncurrent	$ 9,056	$ 1,261
Total	$ 12,342

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	6 Months Ended
	Dec. 31, 2023	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Estimated fair value of indemnification agreements	$ 0	$ 0
Estimated fair value of indemnity provisions	0	$ 0
Letter of credit agreement with a financial institution that is used as collateral for the Company's corporate headquarters' operating lease	$ 500,000
Letter of credit automatically renews annually without amendment on the annual expiration date	30 days

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Dec. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Apr. 30, 2022
Equity Class Of Treasury Stock [Line Items]
Treasury Stock, Value, Acquired, Cost Method	$ 622	$ 2,200	$ 3,050
April 2022 Stock Repurchase Program [Member]
Equity Class Of Treasury Stock [Line Items]
Stock repurchase program outstanding shares of common stock authorized to repurchase				$ 40,000
Repurchase of common stock		247,618
Treasury Stock Acquired, Average Cost Per Share		$ 8.85
Treasury Stock, Value, Acquired, Cost Method		$ 2,200
Treasury Stock Broker Commission		$ 0.03
Stock repurchase program, amount remained available for stock repurchase	$ 16,800	$ 16,800

Stock Benefit Plans - Additiona

Stock Benefit Plans - Additional Information (Detail)	6 Months Ended
	Dec. 31, 2023 USD ($) shares
2010 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	23,125,612
Shares available for issuance	9,388,559
Directors' Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	4,598,838
Shares available for issuance	1,925,786
2021 ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance	2,164,999
Shares available for issuance	1,745,592
Shares of common stock allowed to purchase at a discount through payroll deductions	15%
Maximum number of common stock, participant may purchase during purchase period	2,500
Maximum value of common stock, participant may purchase in each calendar year | $	$ 25,000
Shares of common stock purchased	140,761
Employee payroll contributions accrued | $	$ 1,100,000
Purchase period end date	Feb. 24, 2024

Stock Benefit Plans - Schedule

Stock Benefit Plans - Schedule of Weighted Average Assumptions (Detail) - Employee Stock Option [Member] - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	3 years 6 months	3 years 6 months	3 years 6 months	3 years 6 months
Expected volatility	51%	57%	54%	56%
Expected dividend yield	0%	0%	0%	0%
Risk-free interest rate	4.90%	4.40%	4.70%	3.70%
Grant date fair value	$ 4.50	$ 5.90	$ 4.42	$ 5.66

Stock Benefit Plans - Schedul_2

Stock Benefit Plans - Schedule of Fair Value of Purchase Rights (Detail) - Employee Stock Purchase Plan [Member] - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	6 months	6 months	6 months	6 months
Expected volatility	53%	48%	53%	48%
Expected dividend yield	0%	0%	0%	0%
Risk-free interest rate	4.90%	2.90%	4.90%	2.90%
Grant date fair value	$ 2.97	$ 3.77	$ 2.97	$ 3.77
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	2 years	2 years	2 years	2 years
Expected volatility	58%	57%	58%	57%
Expected dividend yield	0%	0%	0%	0%
Risk-free interest rate	5.50%	3%	5.50%	3%
Grant date fair value	$ 4.44	$ 5.53	$ 4.44	$ 5.53

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Dec. 31, 2023 Segment
Segment Reporting [Abstract]
Number of reportable segments	1

Segment Information - Net Reven

Segment Information - Net Revenue and Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Jun. 30, 2023
Net revenue:
Total net revenue	$ 122,683	$ 134,048	$ 246,606	$ 277,641
Property and equipment, net:
Total property and equipment, net	20,604		20,604		$ 16,749
Other intangible assets, net:
Total other intangible assets, net	33,544		33,544		38,700
United States [Member]
Net revenue:
Total net revenue	121,353	131,891	243,727	272,705
Property and equipment, net:
Total property and equipment, net	20,375		20,375		16,475
Other intangible assets, net:
Total other intangible assets, net	33,544		33,544		38,700
International [Member]
Net revenue:
Total net revenue	1,330	$ 2,157	2,879	$ 4,936
Property and equipment, net:
Total property and equipment, net	229		229		274
Other intangible assets, net:
Total other intangible assets, net	$ 0		$ 0		$ 0