v3.25.2
Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
(10) Goodwill and Intangible Assets
The following table summarizes changes in goodwill during the years presented below:
Year Ended June 30,
20242025
Balance at beginning of year$102,054$108,937
Additions attributable to acquisitions6,883234,237
Measurement period adjustments — (74)
Balance at end of year$108,937$343,100
Refer to Note 7 for further details on acquisition activity during the years ended June 30, 2024 and 2025.
The Company’s amortizable intangible assets and estimated useful lives were as follows:
June 30,Weighted
average
useful
life (years)
20242025
Proprietary technology$47,329 $122,529 6.6
Client relationships22,200 26,000 7.4
Non-solicitation agreements1,600 4,000 3.7
Trade names1,640 3,740 5.0
Total72,769 156,269 
Accumulated amortization(44,478)(63,598)
Intangible assets, net$28,291 $92,671 
Amortization expense for acquired intangible assets was $10,948, $10,436 and $19,120 for the years ended June 30, 2023, 2024 and 2025, respectively, and is included in Cost of revenues and General and administrative.
Future amortization expense for acquired intangible assets was as follows as of June 30, 2025:
Fiscal 2026$20,632 
Fiscal 202718,256 
Fiscal 202816,391 
Fiscal 202912,925 
Fiscal 203011,038 
Thereafter13,429 
Total$92,671