Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2026

Summary of Financial Assets Measured at Fair Value on Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that were measured at fair value on a recurring basis as of the date indicated by level within the fair value hierarchy (in thousands):


	March 31, 2026								June 30, 2025
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash equivalents:
Money market funds	$	87,119	$	—	$	—	$	87,119	$	243,232	$	—	$	—	$	243,232
Other assets:
Convertible debt instrument	—		—		2,990		2,990		—		—		—		—
Total financial assets	$	87,119	$	—	$	2,990	$	90,109	$	243,232	$	—	$	—	$	243,232
Financial Liabilities:
Liability for contingent consideration, noncurrent portion	$	—	$	—	$	—	$	—	$	—	$	—	$	86	$	86
Total financial liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	86	$	86

Summary of Financial Liabilities Measured at Fair Value on Recurring Basis


	March 31, 2026								June 30, 2025
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Financial Assets:
Cash equivalents:
Money market funds	$	87,119	$	—	$	—	$	87,119	$	243,232	$	—	$	—	$	243,232
Other assets:
Convertible debt instrument	—		—		2,990		2,990		—		—		—		—
Total financial assets	$	87,119	$	—	$	2,990	$	90,109	$	243,232	$	—	$	—	$	243,232
Financial Liabilities:
Liability for contingent consideration, noncurrent portion	$	—	$	—	$	—	$	—	$	—	$	—	$	86	$	86
Total financial liabilities	$	—	$	—	$	—	$	—	$	—	$	—	$	86	$	86

Schedule of Changes in Fair Value of Contingent Consideration Liabilities

Changes in contingent consideration liabilities were as follows (in thousands):


	Nine Months Ended March 31,
	2026		2025
Balance, beginning of period	$	86	$	2,558

Change of contingent consideration	566		(761)
Payment of contingent consideration	(645)		(1,401)
Effect of foreign currency exchange rate changes	(7)		1
Balance, end of period	$	—	$	397