Non-marketable Equity Securities (Tables)

9 Months Ended

Mar. 31, 2026

The following table shows our non-marketable equity securities that were measured using the measurement alternative and equity method (in thousands):


	March 31, 2026		June 30, 2025
Non-marketable equity securities:
Opening gross investment balance (as of July 1, 2025 and July 1, 2024)	$	122,217	$	66,217
Investments made during the period	42,000		56,000

Cumulative impairment adjustments	(23,600)		(11,600)
Total carrying value - before the adjustments under equity method	140,617		110,617
Securities under equity method - cumulative adjustment	(1,027)		—
Total carrying value (as of March 31, 2026 and June 30, 2025)	$	139,590	$	110,617