v3.26.1
Leases
 12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases LEASES
The majority of the Company’s leases are operating leases related to office space for which the Company recognizes lease expense on a straight-line basis over the respective lease term. The Company leases office facilities in the United States in San Diego, CA; Centennial, CO; Overland Park, KS; Olathe, KS; Oakland, CA; Indianapolis, IN; and Monaca, PA. The Company's operating leases have remaining lease terms of less than one year up to twelve years.
During the year ended June 30, 2026, the Company entered into one finance lease and added equipment to three existing finance leases, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $0.6 million.

During the year ended June 30, 2025, the Company entered into six finance leases for equipment with commencement dates August 1, 2024, September 19, 2024 and April 1, 2025, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $1.7 million. In addition, the Company entered into one operating lease for the new Olathe, Kansas pharmacy fulfillment facility with a commencement date of March 1, 2025, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $4.7 million.

Right-of-Use Asset and Lease Liability—The right-of-use assets and lease liabilities were as follows as of June 30:

(in thousands)Balance Sheet Classification20262025
Assets
Operating leasesOperating lease right-of-use assets$20,511 $24,635 
Finance leases
Property and equipment–net
1,485 1,552 
Total lease right-of-use assets$21,996 $26,187 
Liabilities
Current
Operating leases
Operating lease liabilities–current
$4,448 $4,820 
Finance leasesOther current liabilities615 400 
Non-current
Operating leasesOperating lease liabilities21,753 25,982 
Finance leasesOther liabilities1,032 1,200 
Total lease liabilities$27,848 $32,402 

Lease Costs—The components of lease costs were as follows for the periods presented:

Year Ended June 30,
(in thousands)20262025
Finance lease costs(1)
$874 $577 
Operating lease costs(2)
7,577 7,383 
Short-term lease costs266 251 
Variable lease costs(3)
768 609 
Sublease income(2,038)(2,225)
Total net lease costs$7,447 $6,595 
(1) Primarily consists of amortization of finance lease right-of-use assets and an immaterial amount of interest on finance lease liabilities recorded in selling, general, and administrative expense and interest expense, net in the consolidated statements of comprehensive income (loss).
(2) Recorded in selling, general, and administrative expense in the consolidated statements of comprehensive income (loss).
(3) Variable lease costs are not included in the measurement of the lease liability or right-of-use asset as they are not based on an index or rate and primarily represents common area maintenance charges and real estate taxes recorded in operating costs and expenses in the consolidated statements of comprehensive income (loss).
Supplemental Information—Supplemental information related to leases was as follows as of and for the periods presented:

Year Ended June 30,
20262025
(in thousands)Operating leasesFinance leasesTotalOperating leasesFinance leasesTotal
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from leases$8,056 $251 $8,307 $8,145 $176 $8,321 
Financing cash flows from leases—527 527 — 327 327 
Right-of-use assets obtained in exchange for new lease liabilities$— $569 $569 $5,093 $1,731 $6,824 

Year Ended June 30,
20262025
Operating leasesFinance leasesOperating leasesFinance leases
Weighted-average remaining lease term (in years)6.012.616.413.65
Weighted-average discount rate12.85 %12.73 %12.61 %14.22 %

Maturities of Lease Liabilities—As of June 30, 2026, remaining maturities of lease liabilities for each of the next five fiscal years and thereafter are as follows:

(in thousands)Operating leasesFinance leasesTotal
2027$7,268 $785 $8,053 
20286,906 709 7,615 
20297,006 417 7,423 
20304,615 30 4,645 
20314,259 — 4,259 
Thereafter8,726 — 8,726 
     Total undiscounted lease payments38,780 1,941 40,721 
Less: interest12,579 294 12,873 
     Present value of lease liabilities$26,201 $1,647 $27,848 

Sublease income—The Company subleases portions of its office facilities in Overland Park, KS and Centennial, CO, which run through July 31, 2029, and November 30, 2026, respectively. Sublease income is recorded on a straight-line basis as a reduction of lease expense in the consolidated statements of comprehensive income (loss). The Company may consider entering into additional sublease arrangements in the future.

As of June 30, 2026, the future minimum fixed sublease receipts under non-cancelable operating lease agreements are as follows:
(in thousands)Total
2027$2,102 
20281,931 
20291,931 
2030161 
Total sublease income$6,125 
Leases LEASES
The majority of the Company’s leases are operating leases related to office space for which the Company recognizes lease expense on a straight-line basis over the respective lease term. The Company leases office facilities in the United States in San Diego, CA; Centennial, CO; Overland Park, KS; Olathe, KS; Oakland, CA; Indianapolis, IN; and Monaca, PA. The Company's operating leases have remaining lease terms of less than one year up to twelve years.
During the year ended June 30, 2026, the Company entered into one finance lease and added equipment to three existing finance leases, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $0.6 million.

During the year ended June 30, 2025, the Company entered into six finance leases for equipment with commencement dates August 1, 2024, September 19, 2024 and April 1, 2025, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $1.7 million. In addition, the Company entered into one operating lease for the new Olathe, Kansas pharmacy fulfillment facility with a commencement date of March 1, 2025, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $4.7 million.

Right-of-Use Asset and Lease Liability—The right-of-use assets and lease liabilities were as follows as of June 30:

(in thousands)Balance Sheet Classification20262025
Assets
Operating leasesOperating lease right-of-use assets$20,511 $24,635 
Finance leases
Property and equipment–net
1,485 1,552 
Total lease right-of-use assets$21,996 $26,187 
Liabilities
Current
Operating leases
Operating lease liabilities–current
$4,448 $4,820 
Finance leasesOther current liabilities615 400 
Non-current
Operating leasesOperating lease liabilities21,753 25,982 
Finance leasesOther liabilities1,032 1,200 
Total lease liabilities$27,848 $32,402 

Lease Costs—The components of lease costs were as follows for the periods presented:

Year Ended June 30,
(in thousands)20262025
Finance lease costs(1)
$874 $577 
Operating lease costs(2)
7,577 7,383 
Short-term lease costs266 251 
Variable lease costs(3)
768 609 
Sublease income(2,038)(2,225)
Total net lease costs$7,447 $6,595 
(1) Primarily consists of amortization of finance lease right-of-use assets and an immaterial amount of interest on finance lease liabilities recorded in selling, general, and administrative expense and interest expense, net in the consolidated statements of comprehensive income (loss).
(2) Recorded in selling, general, and administrative expense in the consolidated statements of comprehensive income (loss).
(3) Variable lease costs are not included in the measurement of the lease liability or right-of-use asset as they are not based on an index or rate and primarily represents common area maintenance charges and real estate taxes recorded in operating costs and expenses in the consolidated statements of comprehensive income (loss).
Supplemental Information—Supplemental information related to leases was as follows as of and for the periods presented:

Year Ended June 30,
20262025
(in thousands)Operating leasesFinance leasesTotalOperating leasesFinance leasesTotal
Cash paid for amounts included in measurement of liabilities:
Operating cash flows from leases$8,056 $251 $8,307 $8,145 $176 $8,321 
Financing cash flows from leases—527 527 — 327 327 
Right-of-use assets obtained in exchange for new lease liabilities$— $569 $569 $5,093 $1,731 $6,824 

Year Ended June 30,
20262025
Operating leasesFinance leasesOperating leasesFinance leases
Weighted-average remaining lease term (in years)6.012.616.413.65
Weighted-average discount rate12.85 %12.73 %12.61 %14.22 %

Maturities of Lease Liabilities—As of June 30, 2026, remaining maturities of lease liabilities for each of the next five fiscal years and thereafter are as follows:

(in thousands)Operating leasesFinance leasesTotal
2027$7,268 $785 $8,053 
20286,906 709 7,615 
20297,006 417 7,423 
20304,615 30 4,645 
20314,259 — 4,259 
Thereafter8,726 — 8,726 
     Total undiscounted lease payments38,780 1,941 40,721 
Less: interest12,579 294 12,873 
     Present value of lease liabilities$26,201 $1,647 $27,848 

Sublease income—The Company subleases portions of its office facilities in Overland Park, KS and Centennial, CO, which run through July 31, 2029, and November 30, 2026, respectively. Sublease income is recorded on a straight-line basis as a reduction of lease expense in the consolidated statements of comprehensive income (loss). The Company may consider entering into additional sublease arrangements in the future.

As of June 30, 2026, the future minimum fixed sublease receipts under non-cancelable operating lease agreements are as follows:
(in thousands)Total
2027$2,102 
20281,931 
20291,931 
2030161 
Total sublease income$6,125