Components of lease expense were as follows (in thousands):


	Year Ended June 30,
	2025		2024		2023
Operating lease costs	$	4,019	$	1,616	$	1,460
Variable lease costs		1,203		545		469
Short term lease costs		103		73		108
Finance lease costs		36		15		—
	$	5,361	$	2,249	$	2,037

For the year ended June 30, 2025, we made cash payments of $3.9 million for operating lease obligations. These payments are included in operating cash flows. As of June 30, 2025, the weighted-average remaining lease term under our capitalized operating leases was 5.4 years, while the weighted-average discount rate for our operating leases was approximately 6.1%. As of June 30, 2024, the weighted-average remaining lease term under our capitalized operating leases was 4.5 years, while the weighted-average discount rate for our operating leases was approximately 6.0%.

The future undiscounted cash flows for each of the next five years and thereafter, and reconciliation to the lease liabilities as of June 30, 2025 for our operating leases were as follows (in thousands):


Fiscal Year ending June 30,	Operating Leases
2026	$	6,626
2027		5,702
2028		6,155
2029		3,179
2030		1,863
Thereafter		4,566
Total lease payments		28,091
Imputed interest		(4,499	)
Total operating lease liability	$	23,592		(1)
Operating lease liability - current	$	5,318		(2)
Operating lease liability - long-term		18,274		(3)
	$	23,592		(1)

(1)

Represents the present value of the operating lease liabilities as of June 30, 2025.

(2)

Current operating lease liabilities are presented within accrued liabilities on our consolidated balance sheets.

(3)

Long-term operating lease liabilities are presented within other liabilities on our consolidated balance sheets.

The lease payments presented in the table above exclude amounts related to a failed sale-leaseback transaction. For information regarding the failed sale-leaseback transaction, refer to Note 15.