Financial Instruments and Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2026

Schedule of Cash Equivalents and Long-Term Investments Measured at Fair value on a Recurring Basis

The following table sets forth our financial instruments as of March 31, 2026 and June 30, 2025, which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement (in thousands):


	As of March 31, 2026								As of June 30, 2025
	Level 1		Level 2		Level 3		Asset at Fair Value		Level 1		Level 2		Level 3		Asset at Fair Value
Assets
Money market funds (1)	$	19	$	—	$	—	$	19	$	44	$	—	$	—	$	44
Certificates of deposit	—		47,494		—		47,494		—		519		—		519
Marketable equity security	14,709		—		—		14,709		6,239		—		—		6,239
Available-for-Sale Investment:
Auction rate security (2)	—		—		—		—		—		—		1,750		1,750
Total assets	$	14,728	$	47,494	$	—	$	62,222	$	6,283	$	519	$	1,750	$	8,552

(1) All of the money market funds are included in cash and cash equivalents in the condensed consolidated balance sheets as of March 31, 2026 and June 30, 2025, respectively.

(2) The fair value of our auction rate security was immaterial as of March 31, 2026.