v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Shares of Common Stock Reserved for Future Issuance
As of June 30, 2026, shares of common stock reserved for future issuance were as follows (in thousands):
June 30, 2026
Stock plans:
Outstanding stock options1,567
Unvested PSUs and RSUs6,505
Reserved for ESPP4,261
Reserved for future stock award grants7,489
Total shares of common stock reserved for issuance19,822
Summary of Stock Option Activity
Stock option activity under the Company’s equity incentive plans during the fiscal years ended June 30, 2026 and 2025 was as follows (in thousands, except per share data):
Number of
Options		Weighted-
Average
Exercise
Price		Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value (1)
Balance as of June 30, 20246,866$10.40 4.4$180,360 
Exercised(4,212)9.70 
Forfeited(26)21.91 
Balance as of June 30, 20252,628$11.42 3.8$105,632 
Exercised(1,050)9.90 
Forfeited(11)17.54 
Balance as of June 30, 20261,567$12.39 3.3$20,343 
Vested and exercisable as of June 30, 20261,567$12.39 3.3$20,343 
Vested and expected to vest as of June 30, 20261,567$12.39 3.3$20,343 
(1)Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s common stock as of the end of the period, multiplied by the number of stock options outstanding.
Schedule of PSU Activity
PSU activity during the fiscal years ended June 30, 2026 and 2025 was as follows (in thousands, except per share data):
Number of SharesWeighted-
Average
Grant Date
Fair Value
Balance as of June 30, 20242,550$29.48 
Granted1,22440.43 
Vested(1,586)27.18 
Forfeited(178)29.32 
Balance as of June 30, 20252,010$37.98 
Granted1,07345.83 
Vested(867)38.46 
Forfeited(299)34.57 
Balance as of June 30, 20261,917$42.69 
Schedule of RSU Activity
RSU activity during the fiscal years ended June 30, 2026 and 2025 was as follows (in thousands, except per share data):
Number of SharesWeighted-
Average
Grant Date
Fair Value
Balance as of June 30, 20242,524$30.84 
Granted2,47947.20 
Vested(1,338)34.12 
Forfeited(359)35.55 
Balance as of June 30, 20253,306$41.27 
Granted3,61132.14 
Vested(1,776)36.76 
Forfeited(553)40.05 
Balance as of June 30, 20264,588$35.97 
Summary of Stock-Based Compensation Expense
The Company recorded stock-based compensation expense on the consolidated statements of operations as follows (in thousands):
Year Ended June 30,
202620252024
Cost of revenues
Cost of SaaS$3,814 $3,174 $1,740 
Cost of license706 709 552 
Cost of professional services5,032 6,026 5,030 
Research and development36,281 24,309 14,854 
Sales and marketing35,641 24,557 17,312 
General and administrative38,509 29,311 20,407 
Total stock-based compensation$119,983 $88,086 $59,895 
Summary of Fair Value of ESPP Shares with Weighted-Average Assumptions
The fair value of ESPP shares was estimated using the Black-Scholes option valuation model with the following weighted-average assumptions:
Year Ended June 30,
202620252024
Expected dividend yield0 %0 %0 %
Risk-free interest rate3.8 %4.4 %5.4 %
Expected volatility55 %47 %46 %
Expected term (in years)0.50.50.5