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REVENUE RECOGNITION

3 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]
 

REVENUE RECOGNITION
NOTE 2: REVENUE RECOGNITION
The majority of our revenues are from our United States (U.S.) tax services business. The following table disaggregates our U.S. revenues by major service line, with revenues from our international tax services businesses and from Wave included as separate lines:

(in 000s)
Three months ended September 30,
2025 2024
Revenues:
U.S. assisted tax preparation $ 48,644   $ 42,963 
U.S. royalties 5,849   5,852 
U.S. DIY tax preparation 3,745   3,236 
Refund Transfers 843   860 
Peace of Mind® Extended Service Plan 23,509   23,097 
Tax Identity Shield® 4,122   3,909 
Emerald Card® and Spruce SM
7,852   8,826 
Interest and fee income on Emerald Advance® —   — 
International 65,661   64,855 
Wave 29,850   26,403 
Other 13,476   13,809 
Total revenues $ 203,551   $ 193,810 

Changes in the balances of deferred revenue and wages for our Peace of Mind® Extended Service Plan (POM) are as follows:

(in 000s)
POM Deferred Revenue Deferred Wages
Three months ended September 30, 2025 2024 2025 2024
Balance, beginning of the period $ 149,302   $ 156,610  $ 19,884   $ 20,212 
Amounts deferred 1,534   1,563  8   15 
Amounts recognized on previous deferrals (26,955) (27,450) (3,461) (3,629)
Balance, end of the period $ 123,881   $ 130,723  $ 16,431   $ 16,598 

As of September 30, 2025, deferred revenue related to POM was $123.9 million. W e expect that $83.7 million will be recognized over the next twelve months, while the remaining balance will be recognized over the following five years.
As of September 30, 2025 and 2024, Tax Identity Shield® (TIS) deferred revenue was $18.7 million and $17.7 million, respectively. Deferred revenue related to TIS was $22.6 million and $21.4 million as of June 30, 2025 and 2024, respectively. All deferred revenue related to TIS will be recognized by April 2026.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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