v3.26.3
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of cash and cash equivalents The following table is a reconciliation of the total cash and cash equivalents and restricted cash in the accompanying consolidated statements of cash flows and their corresponding balance sheet presentation (in thousands):
June 30,
20262025
Cash and cash equivalents$219,135 $39,439 
Restricted cash11,960 5,722 
Total cash, cash equivalents and restricted cash$231,095 $45,161 
Schedule of Property, Plant, and Equipment
Depreciation is calculated on a straight-line basis over the expected useful lives of the asset as follows:
Leasehold improvements
Shorter of useful life (5 years) or unexpired period of lease term
The following table summarizes the carrying amounts of held property, plant and equipment, including leasehold improvements, as of June 30, 2026 and 2025 (in thousands):
June 30,
20262025
Leasehold improvements - at cost
$560 $535 
Sand mining permits736 293 
Total property, plant and equipment1,296 828 
Less: Accumulated depreciation
(552)(520)
Total plant and equipment - net
$744 $308