Leases (Tables)
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9 Months Ended |
Mar. 31, 2026 |
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| Leases [Abstract] |
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| Schedule of Operating Lease Expense Recognized and Supplemental Cash Flow Information |
Operating lease expense recognized and supplemental cash flow information related to operating leases for the three and nine months ended March 31, 2026 and 2025 were as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
March 31, | | Nine Months Ended
March 31, | | 2026 | | 2025 | | 2026 | | 2025 | Operating lease expense (including expense for lease agreements with related parties of $292 and $208 for the three months ended March 31, 2026 and 2025, respectively, and $758 and $538 for the nine months ended March 31, 2026 and 2025, respectively) | $ | 15,098 | | | $ | 5,712 | | | $ | 43,117 | | | $ | 12,685 | | Cash payments for operating leases (including payments to related parties of $297 and $202 for the three months ended March 31, 2026 and 2025, respectively, and $788 and $508 for the nine months ended March 31, 2026 and 2025, respectively) | $ | 13,663 | | | $ | 5,380 | | | $ | 36,012 | | | $ | 11,959 | | | New operating lease assets obtained in exchange for operating lease liabilities | $ | 834 | | | $ | 110,145 | | | $ | 94,907 | | | $ | 128,617 | |
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| Schedule of Assets and Liabilities, Lessee |
ROU assets and lease liabilities are recorded in the condensed consolidated balance sheets as follows (in thousands):
| | | | | | | | | | | | | March 31, 2026 | | June 30, 2025 | Other assets | $ | 361,437 | | | $ | 293,692 | | | | | | Accrued liabilities | $ | 32,703 | | | $ | 21,189 | | Other long-term liabilities | 345,352 | | | 280,368 | | | Total lease liabilities | $ | 378,055 | | | $ | 301,557 | | | | | | Weighted average remaining lease term | 8.6 years | | 9.1 years | Weighted average discount rate (1) | 5.8 | % | | 5.8 | % |
(1) As the interest rate in the lease contract is typically not readily available, we estimate the incremental borrowing rate considering credit notching approach based on information available at lease commencement.
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| Schedule of Operating Lease, Lease Income |
Rental income is included in other income (expense), net on the condensed consolidated statements of operations (in thousands):
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March 31, | | Nine Months Ended
March 31, | | 2026 | | 2025 | | 2026 | | 2025 | | Sublease income | $ | 10,524 | | | $ | 1,300 | | | $ | 29,181 | | | $ | 1,300 | |
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| Schedule of Future Total Minimum Sublicence Receipts |
As of March 31, 2026, the future total minimum Sublicense receipts expected to be received are as follows (in thousands):
| | | | | | | | | | Fiscal Year: | | Future minimum Sublicense receipts | | Remainder of 2026 | | $ | 9,492 | | | 2027 | | 38,348 | | | 2028 | | 39,499 | | | 2029 | | 40,684 | | | 2030 | | 41,904 | | | 2031 and beyond | | 241,533 | | | Total Sublicense receipts - Lessor | | $ | 411,460 | |
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| Schedule of Future Minimum Lease Payments Under Noncancelable Operating Lease Arrangements |
Maturities of operating lease liabilities under non-cancelable operating lease arrangements as of March 31, 2026 are as follows (in thousands):
| | | | | | | | | | Fiscal Year: | | Maturities of operating leases | | Remainder of 2026 | | $ | 14,123 | | | 2027 | | 55,980 | | | 2028 | | 55,498 | | | 2029 | | 55,890 | | | 2030 | | 57,437 | | | 2031 and beyond | | 251,685 | | | Total future lease payments | | 490,613 | | | Less: Imputed interest | | (112,558) | | | Present value of operating lease liabilities | | $ | 378,055 | | | Current portion | | $ | 32,703 | | | Long-term portion | | $ | 345,352 | |
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