v3.26.1
Leases (Tables)
12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Components of Lease Expense

Components of lease expense were as follows (in thousands):

 

 

Year Ended June 30,

 

 

 

2026

 

 

2025

 

 

2024

 

Operating lease costs

 

$

7,650

 

 

$

4,019

 

 

$

1,616

 

Variable lease costs

 

 

1,930

 

 

 

1,203

 

 

 

545

 

Short term lease costs

 

 

193

 

 

 

103

 

 

 

73

 

Finance lease costs

 

 

54

 

 

 

36

 

 

 

15

 

 

$

9,827

 

 

$

5,361

 

 

$

2,249

 

Schedule of Future Undiscounted Cash Flows for Each of Next Five Years and Thereafter and Reconciliation to Lease Liabilities for Operating Leases

The future undiscounted cash flows for each of the next five years and thereafter, and reconciliation to the lease liabilities as of June 30, 2026 for our operating leases were as follows (in thousands):

Fiscal Year ending June 30,

 

Operating Leases

 

 

2027

 

$

8,649

 

 

2028

 

 

7,787

 

 

2029

 

 

6,578

 

 

2030

 

 

5,662

 

 

2031

 

 

3,781

 

 

Thereafter

 

 

5,236

 

 

Total lease payments

 

 

37,693

 

 

Imputed interest

 

 

(5,533

)

 

Total operating lease liability

 

$

32,160

 

(1)

Operating lease liability - current

 

$

6,980

 

(2)

Operating lease liability - long-term

 

 

25,180

 

(3)

 

$

32,160

 

(1)

 

(1)
Represents the present value of the operating lease liabilities as of June 30, 2026.
(2)
Current operating lease liabilities are presented within accrued liabilities on our consolidated balance sheets.
(3)
Long-term operating lease liabilities are presented within other liabilities on our consolidated balance sheets.