v3.25.3
Tax Receivable Agreement Liability (Tables)
 3 Months Ended
Sep. 30, 2025
Tax Receivable Agreement [Abstract]  
Schedule of Changes to Tax Receivable Agreement
The following table reflects the changes to MBI's tax receivable agreement liability:
As of September 30, 2025As of June 30, 2025
Beginning balance$40,433 $40,613 
Additions (reductions) to tax receivable agreement:
Exchange of LLC Units for Class A Common Stock26 167 
Adjustment for change in estimated tax rate or benefits(856)(347)
39,603 40,433 
Less: current portion under tax receivable agreement(271)(271)
Ending balance$39,332 $40,162