v3.26.1
Stock-Based Compensation (Tables)
9 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Assumptions of Grant Date Fair Value The following table summarizes the assumptions used to calculate the grant date fair value of the Tranche 3 RSUs
granted on August 6, 2024:
Expected term for performance period (in years)
4.9
Expected volatility
74.6%
Risk-free interest rate
3.7%
Schedule of Disclosure of Share-Based Compensation Arrangements by Share-Based Payment Award A summary of the Group's employee RSUs activity for the nine months ended March 31, 2026 is as follows (in
numbers and dollars):
Balance at July 1, 2025
Granted
Vested
Forfeited
Balance at March 31,
2026
IPO Awards:
Tranche 1
395,000
(50,000)
(55,000)
290,000
Tranche 2
97,500
(2,500)
95,000
Tranche 3
297,500
(102,500)
195,000
Retention Awards
46,650
25,000
(46,150)
(500)
25,000
Total RSUs (1)
836,650
25,000
(96,150)
(160,500)
605,000
Weighted average grant date fair value
$20.99
$19.94
$21.73
$20.40
$20.98
(1) As of March 31, 2026, 605,000 RSUs are expected to vest.
Schedule of Stock-Based Compensation Costs Recognized The following table presents the stock-based compensation costs recognized related to our RSUs for the three and
nine months ended March 31, 2026 (in thousands, except remaining contractual term):
Three months ended March 31, 2026
Stock-Based
Compensation Cost
Incurred
Remaining costs to
recognize, if all
vesting conditions are
met
Weighted average
remaining
contractual term (in
years)
IPO Awards (Tranche 1)
$540
$2,706
1.25
IPO Awards (Tranche 2)
177
886
1.25
IPO Awards (Tranche 3)
328
1,644
1.25
Retention Awards - Granted FY25
1.25
Retention Awards - Granted FY26
41
373
2.25
Less: Forfeitures
Total Cost Incurred
$1,086
$5,609
Total Stock Compensation Costs Capitalized
$392
Total Stock Compensation Costs Expensed
694
Total Cost Incurred
$1,086
Nine months ended March 31, 2026
Stock-Based
Compensation Cost
Incurred
Remaining costs to
recognize, if all
vesting conditions are
met
Weighted average
remaining
contractual term (in
years)
IPO Awards (Tranche 1)
$1,652
$2,706
1.25
IPO Awards (Tranche 2)
543
886
1.25
IPO Awards (Tranche 3)
1,003
1,644
1.25
Retention Awards - Granted FY25
377
1.25
Retention Awards - Granted FY26
126
373
2.25
Less: Forfeitures
(1,355)
Total Cost Incurred
$2,346
$5,609
Total Stock Compensation Costs Capitalized
$1,673
Total Stock Compensation Costs Expensed
673
Total Cost Incurred
$2,346