SHORT-TERM INVESTMENTS

12 Months Ended

Jun. 30, 2026

5. SHORT-TERM INVESTMENTS

We invest excess cash and cash equivalents in short-term investments, which primarily consist of investment grade corporate bonds and U.S. treasury bills. The Company had no short-term investments as of June 30, 2026. The Company determined the amortized cost of available-for-sale securities as of June 30, 2025 approximate their fair value because of the short-term nature of the investments.

The following table summarizes investments held by the Company as of:


	June 30, 2025
			Gross		Gross
	Amortized		Unrealized		Unrealized			Fair
	Cost		Gains		Losses			Value
Available-for-sale securities:
Fixed income securities:
Corporate bonds	$	45,221	$	18	$	(7	)	$	45,232
U.S. treasury bills		5,297		—		(1	)		5,296
Total available-for-sale securities	$	50,518	$	18	$	(8	)	$	50,528