v3.25.1
BALANCE SHEET COMPONENTS (Tables)
 9 Months Ended
Mar. 31, 2025
Balance Sheet Related Disclosures [Abstract]  
Schedule of Inventories
Inventories consisted of the following (in thousands):
March 31, 2025June 30, 2024
Finished goods$537,388 $387,447 
Raw materials53,089 74,585 
Total$590,477 $462,032 
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following (in thousands):
March 31, 2025June 30, 2024
Prepaid income taxes$7,307 $6,766 
Prepaid expenses and other assets40,287 23,702 
Other taxes7,377 4,563 
Total$54,971 $35,031 
Schedule of Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
March 31, 2025June 30, 2024
Testing equipment$19,107 $18,964 
Tooling equipment23,380 26,892 
Leasehold improvements26,381 26,264 
Computer and other equipment7,932 10,482 
Software8,985 9,375 
Furniture and fixtures2,142 1,913 
Corporate aircraft65,807 65,807 
Property and equipment, gross153,734 159,697 
Less: Accumulated depreciation and amortization(82,427)(78,571)
Property and equipment, net$71,307 $81,126 
Schedule of Other Long-Term Assets
Other long-term assets consisted of the following (in thousands):
March 31, 2025June 30, 2024
Hong Kong Tax deposit (1)
$60,622 $60,402 
Intangible assets, net (2)
3,016 4,164 
Other long-term assets, net3,860 9,005 
Total$67,498 $73,571 
(1) The Company expects the deposits made with the Hong Kong Inland Revenue Department (“IRD”) to be refunded upon completion of the audit. See Note 11, "Income Taxes" to the consolidated financial statements for additional details regarding this ongoing tax audit.
(2) Accumulated amortization was $8.6 million and $7.5 million as of March 31, 2025, and June 30, 2024, respectively.
Schedule of Other Current Liabilities
Other current liabilities consisted of the following (in thousands):
March 31, 2025June 30, 2024
Deferred revenue — short-term$30,155 20,332 
Accrued expenses22,744 26,600 
Lease liability— current12,802 13,724 
Warranty accrual11,940 10,825 
Accrued compensation and benefits6,719 8,453 
Customer deposits1,433 1,283 
Reserve for sales returns3,286 3,906 
Inventory received not billed167,475 72,560 
Other payables29,198 16,030 
Total$285,752 $173,713 
Schedule of Other Long-Term Liabilities
Other long-term liabilities consisted of the following (in thousands):
March 31, 2025June 30, 2024
Deferred revenue — long-term$22,149 $13,416