v3.26.1
Intangible Assets, Net and Goodwill
12 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net and Goodwill

8. Intangible Assets, Net and Goodwill

Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

 

 

June 30, 2026

 

 

June 30, 2025

 

 

 

Gross

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer/publisher/advertiser relationships

 

$

129,012

 

 

$

(85,202

)

 

$

43,810

 

 

$

93,511

 

 

$

(76,353

)

 

$

17,158

 

Content

 

 

43,107

 

 

 

(43,107

)

 

 

 

 

 

43,106

 

 

 

(43,106

)

 

 

 

Website/trade/domain names

 

 

35,722

 

 

 

(21,766

)

 

 

13,956

 

 

 

25,422

 

 

 

(20,601

)

 

 

4,821

 

Acquired technology and others

 

 

46,716

 

 

 

(38,189

)

 

 

8,527

 

 

 

43,014

 

 

 

(36,518

)

 

 

6,496

 

 

$

254,557

 

 

$

(188,264

)

 

$

66,293

 

 

$

205,053

 

 

$

(176,578

)

 

$

28,475

 

Amortization of intangible assets was $11.7 million, $9.5 million and $10.7 million for fiscal years 2026, 2025 and 2024.

Future amortization expense for the Company’s intangible assets as of June 30, 2026 was as follows (in thousands):

 

Fiscal Year Ended June 30,

 

 

 

Amortization

 

2027

 

 

 

$

11,226

 

2028

 

 

 

 

10,844

 

2029

 

 

 

 

10,324

 

2030

 

 

 

 

7,333

 

2031

 

 

 

 

6,877

 

Thereafter

 

 

 

 

19,689

 

Total

 

 

 

$

66,293

 

Goodwill

The changes in the carrying amount of goodwill for the fiscal year 2026 were as follows (in thousands):

 

 

 

 

 

Goodwill

 

Balance as of June 30, 2025

 

 

 

$

125,056

 

Goodwill acquired

 

 

 

 

136,742

 

Measurement period adjustments

 

 

 

 

(377

)

Balance as of June 30, 2026

 

 

 

$

261,421

 

Goodwill acquired is associated with the acquisition of HomeBuddy completed in fiscal year 2026. See Note 6, Acquisitions, for further details related to the HomeBuddy acquisition.

There was no goodwill impairment recognized during fiscal years 2026 and 2025.