The following table provides a summary of the amounts recorded as Cash, cash equivalents and restricted cash:


	As of June 30,
	2026		2025
Cash and cash equivalents	$	293,599	$	43,017
Restricted cash	559		521
Total cash, cash equivalents and restricted cash	$	294,158	$	43,538

The Company’s cash equivalents consist of money market accounts, time deposits and U.S. Treasury bills of $291,404 and $39,473 as of June 30, 2026 and June 30, 2025, respectively. Cash equivalents are measured at fair value within Level I of the fair value hierarchy on a recurring basis using observable inputs that reflect quoted prices for identical assets in active markets. The Company’s restricted cash includes cash deposited in escrow and operating accounts, primarily related to general liability insurance obligations.

Prepaid expenses and other current assets consisted of the following:


	As of June 30,
	2026		2025
Prepaid and deferred revenue sharing expenses	$	64,608	$	61,997
Other prepaid expenses	30,612		26,987
Current contract assets(a)	8,398		7,648
Inventory(b)	3,748		3,751
Other	4,493		3,943
Total prepaid expenses and other current assets	$	111,859	$	104,326

Other non-current assets consisted of the following:


	As of June 30,
	2026		2025
Unbilled lease receivable (a)	$	160,788	$	125,527
Investments (b)	8,779		7,088
Deferred costs	11,041		5,683
Other	5,580		1,879
Total other non-current assets	$	186,188	$	140,177


	As of June 30,
	2026		2025
Accounts payable	$	26,990	$	12,102
Accrued payroll and employee related liabilities	69,769		54,355
Cash due to promoters	189,285		76,455
Accrued expenses and other current liabilities	38,664		41,448
Total accounts payable, accrued and other current liabilities	$	324,708	$	184,360

On March 29, 2023, the Company’s Board of Directors authorized a share repurchase program to repurchase up to $250,000 of the Company’s Class A common stock (the “Stock Repurchase Program”). Pursuant to the Stock Repurchase Program, shares of Class A common stock may be purchased from time to time in open market or private transactions, block trades or such other manner as the Company may determine in accordance with applicable insider trading and other securities laws and regulations. The timing and amount of purchases will depend on market conditions and other factors. For Fiscal Year 2026, the Company repurchased 623 shares of Class A common stock for $25,000, excluding excise tax. As of June 30, 2026, the Company had $44,796 remaining available for repurchases under the Stock Repurchase Program.

Other expense, net includes the following:


	Years Ended June 30,
	2026		2025		2024
Net periodic benefit costs (excluding service costs)	$	(1,752)	$	(2,558)	$	(3,442)
Realized and unrealized gain (loss) on equity investments with readily determinable fair value	862		127		(1,242)
Other	97		210		12
Total other expense, net	$	(793)	$	(2,221)	$	(4,672)

As of June 30, 2026, the Company had one customer that made up 17% of total Accounts receivable, net in the consolidated balance sheets. As of June 30, 2025, the Company did not have any customers that made up 10% of total Accounts receivable, net in the consolidated balance sheets.

As of June 30, 2026, approximately 4,400 full-time and part-time employees, who represent approximately 70% of the Company’s workforce, were represented by unions. Approximately 27% of such union employees are subject to CBAs that expired as of June 30, 2026 and approximately 36% are subject to CBAs that will expire by June 30, 2027 if they are not extended prior thereto.