v3.26.3
Stock-based Compensation (Tables)
 12 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award Below is a summary of the terms and conditions of the options issued under the 2021 EIP.
Total number of
options issued and outstanding under
the Equity Incentive
Plan		Vesting conditionExercise price and expiry date
10,734,584 options
Fully vested
A$0.32 per option which expired on May 20, 2026
7,416,667 options
Fully vested
A$0.2367 which expired on May 20, 2026
35,850,000
milestone options
(1)25% of milestone options vest if the 90-day VWAP is greater than or equal to A$1.00 per share
(2)25% of milestone options vest if the 90-day VWAP is greater than or equal to A$1.50 per share
(3)25% of milestone options vest if the 90-day VWAP is greater than or equal to A$2.00 per share
(4)25% of milestone options vest if the 90-day VWAP is greater than or equal to A$2.50 per share
A$0.40 per milestone option or, if the milestone options vest, the day that is 5 years after the date they vest as determined by the Board. Milestone options expired on May 20, 2026
Schedule of Share-Based Payment Award, Equity Instruments Other than Options, Valuation Assumptions
The following table summarizes the assumptions used to calculate the grant date fair value of the Tranche 3 RSUs granted on August 6, 2024:

Expected term for performance period (in years)4.9
Expected volatility74.6%
Risk-free interest rate3.7%
The following table summarizes the assumptions used to calculate the grant date fair value of these stock options on May 28, 2026:
Expected term for performance period (in years)3.0
Expected volatility55.42%
Risk-free interest rate4.0%
Dividend yield—%
Schedule of Share-Based Payment Arrangement, Cost by Plan
The following table presents the stock-based compensation costs recognized related to our RSUs for the year ended on June 30, 2026:
Year ended June 30, 2026
Stock-Based Compensation Cost IncurredRemaining costs to recognize, if all vesting conditions are metWeighted-average remaining contractual term (in years)
IPO Awards (Tranche 1)$2,185 $1,983 1.01
IPO Awards (Tranche 2)676 619 1.01
IPO Awards (Tranche 3)1,250 1,233 1.01
Retention Awards377 — 1.01
Retention Awards - Granted FY26168 331 2.01
Less: Forfeitures(1,456)— 
Total cost incurred$3,200 $4,166 
Total stock compensation costs capitalized1,968 
Total stock compensation costs expensed1,232 
Total cost incurred$3,200 
Schedule of Share-Based Payment Arrangement, Option, Activity
A summary of activity for Falcon stock options is as follows:
Number of SharesWeighted Average Exercise Price Weighted Average Remaining Contractual Term
(in years)
Outstanding at June 30, 2025— $— $— 
Granted369,084 $21.94 3.00
Exercised— $— $— 
Forfeited or expired— $— $— 
Outstanding at June 30, 2026369,084 $21.94 2.91
Vested and exercisable at June 30, 2026123,028 $21.94 2.91