v3.26.1
Leases
12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company leases the majority of its office space in the U.S., U.K., Portugal, Germany, Ukraine and Singapore under non-cancelable operating lease agreements, which have various expiration dates through June 2030, some of which include options to extend the leases for up to five years.
During the fiscal year ended June 30, 2025, the Company amended the lease in Palo Alto, California to extend the existing leased office space for an additional twelve months through August 2026. In June 2026, the Company further amended the lease in Palo Alto to extend the existing leased office space through August 2028. The Company accounts for these lease extensions as lease modifications and recorded an adjustment of $4.7 million and $2.5 million to the operating ROU asset and operating lease liability on the consolidated balance sheets as of June 30, 2026 and 2025, respectively.
The components of lease costs were as follows (in thousands):
Year Ended June 30,
Operating Leases:202620252024
Operating lease cost$7,576 $6,612 $6,353 
Short-term lease cost1,173 1,817 1,290 
Variable lease cost504 477 455 
The weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows:
Lease Term and Discount Rate:June 30, 2026June 30, 2025
Weighted-average remaining lease term (in years)3.34.4
Weighted-average discount rate6.6 %6.8 %
The following table presents supplemental cash flow information related to the Company’s operating leases (in thousands):
Year Ended June 30,
20262025
Cash payments included in the measurement of operating lease liabilities$8,804 $6,847 
ROU assets obtained in exchange for new operating lease liabilities7,630 2,084 
Current operating lease liabilities of $7.0 million and $6.5 million were included in other current liabilities on the Company’s consolidated balance sheets as of June 30, 2026 and 2025, respectively.
As of June 30, 2026, remaining maturities of operating lease liabilities are as follows (in thousands):
Fiscal Year Ending June 30,Amount
2027$8,216 
20287,906 
20295,559 
20303,720 
2031— 
2032 and thereafter— 
Total lease payments25,401 
Less: imputed interest(2,565)
Present value of operating lease liabilities$22,836