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Property and Equipment, net (LLC)
 6 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, net Property and Equipment, net
Property and equipment, net consisted of the following (in thousands):
Estimated Useful
Lives (Years)		December 31,
2025		June 30,
2025
Machines and equipment
3-10
$60,185 $41,067 
Leasehold improvements
7-10
54,724 40,422 
Vehicles51,353 1,386 
Furniture and fixtures
3-7
2,689 1,253 
Software73,678 3,501 
Construction in progress—49,027 27,891 
171,656 115,520 
Less: accumulated depreciation(14,095)(7,350)
Property and equipment, net$157,561 $108,170 
Construction in progress is primarily related to the expansion of both new and currently leased manufacturing campuses. The projects are expected to be substantially complete by the end of fiscal year 2026, at which time the assets will be placed in service and reclassified to machinery and equipment and leasehold improvements.
Depreciation expense for the three months ended December 31, 2025 and 2024 was $3.9 million and $1.4 million, respectively. During the three months ended December 31, 2025, $2.8 million and $1.1 million were allocated to cost of revenues and operating expenses, respectively. During the three months ended December 31, 2024, $1.1 million and $0.3 million were allocated to cost of revenues and operating expenses, respectively.
Depreciation expense for the six months ended December 31, 2025 and 2024 was $7.0 million and $2.5 million, respectively. During the six months ended December 31, 2025, $5.6 million and $1.4 million were allocated to cost of revenues and operating expenses, respectively. During the six months ended December 31, 2024, $2.0 million and $0.5 million were allocated to cost of revenues and operating expenses, respectively.