Operating Leases (Tables)
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6 Months Ended |
12 Months Ended |
Dec. 31, 2025 |
Jun. 30, 2025 |
| Leases [Abstract] |
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| Schedule of Right of Use Assets and Lease Liabilities |
The following table summarizes the right of use assets and lease liabilities (in thousands):
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Operating right of use assets |
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$ |
117,769 |
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$ |
113,450 |
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Operating lease liabilities, current portion |
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$ |
6,879 |
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$ |
7,787 |
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Operating lease liabilities, net of current portion |
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|
121,491 |
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|
117,519 |
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Operating lease liabilities |
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$ |
128,370 |
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$ |
125,306 |
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The following table summarizes the right of use assets and lease liabilities as follows (in thousands):
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Operating right of use assets |
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$ |
18,344 |
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$ |
117,769 |
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Operating lease liabilities, current portion |
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$ |
2,017 |
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$ |
6,879 |
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Operating lease liabilities, net of current portion |
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16,201 |
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|
121,491 |
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Total Operating Lease Liabilities |
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$ |
18,218 |
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$ |
128,370 |
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| Schedule of Lease Expense and Supplemental Cash Flow Information |
The details of the Company’s lease expense were as follows (in thousands):
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Three Months Ended
December 31, |
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Six Months Ended
December 31, |
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$ |
4,069 |
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$ |
5,146 |
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$ |
7,134 |
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$ |
10,307 |
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|
319 |
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|
915 |
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|
779 |
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1,409 |
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|
416 |
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|
641 |
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|
779 |
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1,018 |
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$ |
4,804 |
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$ |
6,702 |
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$ |
8,692 |
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$ |
12,734 |
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| Supplemental cash flow and other information related to operating leases were as follows (in thousands):
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Six Months Ended
December 31, |
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Operating cash flows from operating leases |
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$ |
5,761 |
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$ |
11,261 |
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Operating lease liabilities from obtaining right of use assets |
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$ |
72,420 |
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$ |
— |
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The details of the Company’s lease expense are as follows (in thousands):
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Period from
July 1, 2023
to October 31,
2023 |
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Period from
Inception to
June 30,
2024 |
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$ |
397 |
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$ |
1,700 |
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$ |
17,226 |
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|
67 |
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|
75 |
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2,169 |
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|
243 |
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1,162 |
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1,511 |
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Total Operating Lease Expense |
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$ |
707 |
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$ |
2,937 |
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$ |
20,906 |
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| Supplemental cash flow and other information related to operating leases are as follows (in thousands):
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Period from
July 1, 2023
to October 31,
2023 |
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Period from
Inception to
June 30,
2024 |
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Operating cash flows from operating leases |
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$ |
384 |
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$ |
2,863 |
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$ |
16,249 |
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Operating lease liabilities from obtaining right of use assets |
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$ |
— |
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$ |
8,695 |
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$ |
107,776 |
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| Schedule of Maturities of Lease Liabilities |
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The following table presents the maturities of lease liabilities as follows (in thousands):
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$ |
18,140 |
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|
19,537 |
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20,663 |
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20,703 |
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19,900 |
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|
97,655 |
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196,598 |
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Less: the effects of discounting |
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(68,228 |
) |
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Total Operating Lease Liability |
|
$ |
128,370 |
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| Schedule of Weighted Average Remaining Lease Term and Weighted Average Discount Rate |
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The Company’s weighted average remaining lease-term and weighted average discount rate are as follows:
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Period from
July 1, 2023
to October 31,
2023 |
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Period from
Inception to
June 30,
2024 |
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Weighted average remaining lease-term |
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3.4 years |
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5.6 years |
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9.5 years |
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Weighted average discount rate |
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8 |
% |
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8 |
% |
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9 |
% |
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