v3.26.1
Property and Equipment
 12 Months Ended
Jun. 30, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, net, consisted of the following (in thousands):
June 30, 2026June 30, 2025
Computer equipment and software$5,681 $4,921 
Capitalized internal-use software41,249 31,564 
Furniture and office equipment2,620 2,459 
Leasehold improvements6,657 6,543 
Total property and equipment56,207 45,487 
Less: accumulated depreciation and amortization(29,243)(22,330)
Property and equipment, net$26,964 $23,157 
Depreciation expense, excluding the amortization of capitalized internal-use software costs, was $2.2 million, $2.1 million, and $2.1 million for the fiscal years ended June 30, 2026, 2025, and 2024, respectively. The impairment charges were not significant for any of the periods presented.
Refer to Note 8. “Internal-Use Software Costs” for additional information related to capitalized internal-use software costs.
Internal-Use Software Costs
Capitalized Internal-Use Software
Capitalized internal-use software costs, net consisted of the following (in thousands):
June 30, 2026June 30, 2025
Capitalized internal-use software costs$41,249 $31,564 
Less: Accumulated amortization(18,991)(13,958)
Capitalized internal-use software costs, net$22,258 $17,606 
Activity related to capitalized internal-use software costs was as follows (in thousands):
Year Ended June 30,
202620252024
Additions to capitalized internal-use software (1)
$9,685 $8,085 $6,723 
Amortization (2)
$5,033 $3,726 $3,597 
(1)Additions to capitalized stock-based compensation costs, which are included in these amounts, was $2.2 million, $0.5 million, and not material during the fiscal years ended June 30, 2026, 2025, and 2024, respectively.
(2)Amortization expense related to capitalized stock-based compensation costs, which is included in these amounts was not material for the periods presented.
The Company has not recorded any material impairment charges in any of the periods presented.
Capitalized Cloud Computing Implementation Costs
Capitalized cloud computing implementation costs, net consisted of the following (in thousands):
June 30, 2026June 30, 2025
Capitalized cloud computing implementation costs$9,528 $8,464 
Less: Accumulated amortization(2,923)(865)
Capitalized cloud computing implementation costs, net$6,605 $7,599 
Capitalized cloud computing implementation costs included in prepaid expenses$2,798 $1,979 
Activity related to capitalized cloud computing implementation costs was as follows (in thousands):
Year Ended June 30,
202620252024
Additions to capitalized cloud computing implementation costs (1)
$2,230 $4,371 $4,093 
Amortization (2)
$2,058 $865 $— 
(1)Additions to capitalized stock-based compensation expense, which are included in these amounts, was $0.1 million, $0.2 million, and not material for fiscal years ended June 30, 2026, 2025, and 2024, respectively.
(2)Amortization expense related to capitalized stock-based compensation costs, which is included in these amounts was not material for the periods presented.
During the fiscal year ended June 30, 2026, the Company recorded impairment charges from its digital transformation initiative of $1.2 million which were included in general and administrative expense on the consolidated statement of operations. The Company did not record any material impairment charges for the fiscal years ended June 30, 2025 and June 30, 2024.