Pay vs Performance Disclosure - USD ($)
|
12 Months Ended |
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2022 |
| Pay vs Performance Disclosure |
|
|
|
|
|
| Pay vs Performance Disclosure, Table |
PAY VERSUS PERFORMANCE As required by Item 402(v) of Regulation S-K, which was mandated by Section 953(a) of the Dodd-Frank Act, we are providing the following information about the relationship between “compensation actually paid” to our principal executive officer or “PEO” and “compensation actually paid” to our non-PEO NEOs, and the financial performance of the Company during the years ended June 30, 2026, 2025, 2024, 2023 and 2022, respectively, in each case calculated in a manner consistent with SEC rules. | | | | | | | | | | | | | | | | | | | | | | 2026 | | | $18,548,023 | | | $2,134,044 | | | $8,953,003 | | | $1,595,403 | | | $90.04 | | | $100.18 | | | $(41,310) | | | $590.5 | 2025 | | | 14,917,881 | | | 30,184,713 | | | 7,060,699 | | | 13,759,795 | | | 184.36 | | | 110.74 | | | (18,217) | | | 485.4 | 2024 | | | 8,118,899 | | | 3,776,795 | | | 4,661,508 | | | 3,264,362 | | | 130.96 | | | 88.17 | | | (32,021) | | | 404.2 | 2023 | | | 3,096,600 | | | 29,648,801 | | | 2,093,793 | | | 13,958,392 | | | 149.68 | | | 77.83 | | | (69,425) | | | 330.2 | 2022 | | | 892,090 | | | (13,833,178) | | | 824,511 | | | (5,643,941) | | | 52.29 | | | 64.82 | | | (99,678) | | | 270.5 | | | | | | | | | | | | | | | | | | | | | | | | | |
(1)
| Mr. Hall is the PEO reflected in these columns for each of the fiscal years ended June 30, 2026, 2025, 2024, 2023 and 2022. |
(2)
| Compensation actually paid or “CAP” to our PEO and Non-PEO NEOs is calculated based on the “Total Compensation” reported in the Summary Compensation Table above for each of the applicable fiscal years, adjusted to exclude and include certain items in accordance with Item 402(v) of Regulation S-K as shown below. |
(3)
| Messrs. Morton, Sedgwick, Jampol and Coleman are the Non-PEO NEOs for fiscal year 2026. Messrs. Morton, Jampol, Coleman and Ben Harrison are the Non-PEO NEOs for fiscal year 2025. Messrs. Morton, Stephen Robertson, Jampol, Coleman and Harrison are the Non-PEO NEOs for fiscal year 2024. Messrs. Jampol and Coleman are the Non-PEO NEOs for fiscal years 2023 and 2022. |
(4)
| Represents cumulative total return to holders of our Common Stock against the cumulative total return of our peer entities, represented by the S&P Software & Services Select Industry Index from June 30, 2021 (the date our stock commenced trading on the Nasdaq Global Select Market) through June 30, 2026 (the last trading day of the covered period), calculated from market close on June 30, 2021 through and including the end of each applicable fiscal year in the table above for which the total shareholder return is being calculated. The total shareholder return for each investment assumes that $100 was invested in our Common Stock and the respective index on June 30, 2021, through June 30, 2026, including reinvestment of any dividends. |
(5)
| ARR represents the annualized recurring value of all active SaaS and on-premise license contracts at the end of a reporting period. |
|
|
|
|
|
| Company Selected Measure Name |
ARR
|
|
|
|
|
| Named Executive Officers, Footnote |
(1)
| Mr. Hall is the PEO reflected in these columns for each of the fiscal years ended June 30, 2026, 2025, 2024, 2023 and 2022. |
(3)
| Messrs. Morton, Sedgwick, Jampol and Coleman are the Non-PEO NEOs for fiscal year 2026. Messrs. Morton, Jampol, Coleman and Ben Harrison are the Non-PEO NEOs for fiscal year 2025. Messrs. Morton, Stephen Robertson, Jampol, Coleman and Harrison are the Non-PEO NEOs for fiscal year 2024. Messrs. Jampol and Coleman are the Non-PEO NEOs for fiscal years 2023 and 2022. |
|
|
|
|
|
| Peer Group Issuers, Footnote |
(4)
| Represents cumulative total return to holders of our Common Stock against the cumulative total return of our peer entities, represented by the S&P Software & Services Select Industry Index from June 30, 2021 (the date our stock commenced trading on the Nasdaq Global Select Market) through June 30, 2026 (the last trading day of the covered period), calculated from market close on June 30, 2021 through and including the end of each applicable fiscal year in the table above for which the total shareholder return is being calculated. The total shareholder return for each investment assumes that $100 was invested in our Common Stock and the respective index on June 30, 2021, through June 30, 2026, including reinvestment of any dividends. |
|
|
|
|
|
| PEO Total Compensation Amount |
$ 18,548,023
|
$ 14,917,881
|
$ 8,118,899
|
$ 3,096,600
|
$ 892,090
|
| PEO Actually Paid Compensation Amount |
$ 2,134,044
|
30,184,713
|
3,776,795
|
29,648,801
|
(13,833,178)
|
| Adjustment To PEO Compensation, Footnote |
PEO SCT Total to CAP Reconciliation | | | | | | | | | | | | | | | | 2026 | | | $18,548,023 | | | $17,422,991 | | | $12,198,403 | | | $(7,178,502) | | | $(3,430,164) | | | $580,725 | | | $2,134,044 | | | | | | | | | | | | | | | | | | | | | | |
(1)
| Represents the grant date fair value of equity-based awards granted each year. The fair values of equity compensation, including such amounts described in the tables below, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 12 to the Company’s financial statements for fiscal year 2026 contained in our Annual Report to Stockholders for the fiscal year ended June 30, 2026. The amounts shown in the table reflect the total fair value on the date of grant and do not necessarily reflect the actual value, if any, that may be realized by the NEOs. |
(2)
| We did not report a change in pension value for any of the years reflected in this table because the Company does not maintain a defined benefit or actuarial pension plan and therefore a deduction from SCT related to such pension plans is not needed. |
(3)
| Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC |
Topic 718. All assumptions made in the valuations are contained and described in Note 12 to the Company’s financial statements for fiscal year 2026 contained in our Annual Report to Stockholders for the fiscal year ended June 30, 2026. The amounts shown in the table reflect the total fair value on the applicable date(s) listed in the table above, and do not necessarily reflect the actual value, if any, that may be realized by the applicable NEO.
|
|
|
|
|
| Non-PEO NEO Average Total Compensation Amount |
$ 8,953,003
|
7,060,699
|
4,661,508
|
2,093,793
|
824,511
|
| Non-PEO NEO Average Compensation Actually Paid Amount |
$ 1,595,403
|
13,759,795
|
3,264,362
|
13,958,392
|
(5,643,941)
|
| Adjustment to Non-PEO NEO Compensation Footnote |
Average Non-PEO NEOs SCT Total to CAP Reconciliation | | | | | | | | | | | | | | | | 2026 | | | $8,953,003 | | | $7,834,046 | | | $5,073,002 | | | $(3,002,018) | | | $(1,420,320) | | | $174,218 | | | $1,595,403 | | | | | | | | | | | | | | | | | | | | | | |
(1)
| Represents the grant date fair value of equity-based awards granted each year. The fair values of equity compensation, including such amounts described in the tables below, are calculated in accordance with FASB ASC Topic 718. All assumptions made in the valuations are contained and described in Note 12 to the Company’s financial statements for fiscal year 2026 contained in our Annual Report to Stockholders for the fiscal year ended June 30, 2026. The amounts shown in the table reflect the total fair value on the date of grant and do not necessarily reflect the actual value, if any, that may be realized by the NEOs. |
(2)
| We did not report a change in pension value for any of the years reflected in this table because the Company does not maintain a defined benefit or actuarial pension plan and therefore a deduction from SCT related to such pension plans is not needed. |
(3)
| Reflects the value of equity calculated in accordance with the SEC methodology for determining CAP for each year shown. The fair values of equity compensation, including such amounts described in the tables above, are calculated in accordance with FASB ASC |
Topic 718. All assumptions made in the valuations are contained and described in Note 12 to the Company’s financial statements for fiscal year 2026 contained in our Annual Report to Stockholders for the fiscal year ended June 30, 2026. The amounts shown in the table reflect the total fair value on the applicable date(s) listed in the table above, and do not necessarily reflect the actual value, if any, that may be realized by the applicable NEO.
|
|
|
|
|
| Compensation Actually Paid vs. Total Shareholder Return |
Relationship Between Company TSR and Peer Group TSR The table below describes the relationship between compensation actually paid to the PEO and the average compensation paid to NEOs other than the PEO with our TSR and our peer group’s TSR for fiscal years 2026, 2025, 2024, 2023 and 2022. | | | | | | | | | | | | | 2026 | | | $2,134,044 | | | $1,595,403 | | | $90.04 | | | $100.18 | 2025 | | | 30,184,713 | | | 13,759,795 | | | 184.36 | | | 110.74 | 2024 | | | 3,776,795 | | | 3,264,362 | | | 130.96 | | | 88.17 | 2023 | | | 29,648,801 | | | 13,958,392 | | | 149.68 | | | 77.83 | 2022 | | | (13,833,178) | | | (5,643,941) | | | 52.29 | | | 64.82 | | | | | | | | | | | | | |
|
|
|
|
|
| Compensation Actually Paid vs. Net Income |
Relationship Between Financial Performance Measures and CAP The table below describes the relationship between compensation actually paid to the PEO and the average compensation paid to NEOs other than the PEO with our net loss and our ARR for fiscal years 2026, 2025, 2024, 2023 and 2022. | | | | | | | | | | | | | 2026 | | | $2,134,044 | | | $1,595,403 | | | $(41,310) | | | $590.5 | 2025 | | | 30,184,713 | | | 13,759,795 | | | (18,217) | | | 485.4 | 2024 | | | 3,776,795 | | | 3,264,362 | | | (32,021) | | | 404.2 | 2023 | | | 29,648,801 | | | 13,958,392 | | | (69,425) | | | 330.2 | 2022 | | | (13,833,178) | | | (5,643,941) | | | (99,678) | | | 270.5 | | | | | | | | | | | | | |
|
|
|
|
|
| Compensation Actually Paid vs. Company Selected Measure |
Relationship Between Financial Performance Measures and CAP The table below describes the relationship between compensation actually paid to the PEO and the average compensation paid to NEOs other than the PEO with our net loss and our ARR for fiscal years 2026, 2025, 2024, 2023 and 2022. | | | | | | | | | | | | | 2026 | | | $2,134,044 | | | $1,595,403 | | | $(41,310) | | | $590.5 | 2025 | | | 30,184,713 | | | 13,759,795 | | | (18,217) | | | 485.4 | 2024 | | | 3,776,795 | | | 3,264,362 | | | (32,021) | | | 404.2 | 2023 | | | 29,648,801 | | | 13,958,392 | | | (69,425) | | | 330.2 | 2022 | | | (13,833,178) | | | (5,643,941) | | | (99,678) | | | 270.5 | | | | | | | | | | | | | |
|
|
|
|
|
| Total Shareholder Return Vs Peer Group |
Relationship Between Company TSR and Peer Group TSR The table below describes the relationship between compensation actually paid to the PEO and the average compensation paid to NEOs other than the PEO with our TSR and our peer group’s TSR for fiscal years 2026, 2025, 2024, 2023 and 2022. | | | | | | | | | | | | | 2026 | | | $2,134,044 | | | $1,595,403 | | | $90.04 | | | $100.18 | 2025 | | | 30,184,713 | | | 13,759,795 | | | 184.36 | | | 110.74 | 2024 | | | 3,776,795 | | | 3,264,362 | | | 130.96 | | | 88.17 | 2023 | | | 29,648,801 | | | 13,958,392 | | | 149.68 | | | 77.83 | 2022 | | | (13,833,178) | | | (5,643,941) | | | 52.29 | | | 64.82 | | | | | | | | | | | | | |
|
|
|
|
|
| Tabular List, Table |
Tabular Disclosure of Most Important Measures to Determine Fiscal 2026 CAP As described in greater detail in “Compensation Discussion and Analysis – Overview of our Executive Compensation Program,” above, the Company’s executive compensation program reflects a pay-for-performance philosophy, where compensation is paid subject to achieving financial performance levels that align with our strategic and financial priorities. We consider the metrics in the table below to be the most important financial performance measures utilized by the Company to link CAP for fiscal year 2026 to the Company’s performance. | ARR(1) | Net New ACV(2) | “SaaS Rule of 40”(3) | |
(1)
| ARR represents the annualized recurring value of all active SaaS and on-premise license contracts at the end of a reporting period. |
(2)
| Net new ACV represents ACV contract bookings during fiscal year 2026 less churn (i.e., reductions of ACV during fiscal year 2026). |
(3)
| “SaaS Rule of 40” represents year over year trailing 12-month SaaS revenue growth rate (%) plus trailing 12-month non-GAAP operating margin. Non-GAAP operating margin is a non-GAAP financial measure. See Exhibit A “Reconciliation of GAAP and Non-GAAP Financial Measures” for additional information regarding non-GAAP financial measures. |
|
|
|
|
|
| Total Shareholder Return Amount |
$ 90.04
|
184.36
|
130.96
|
149.68
|
52.29
|
| Peer Group Total Shareholder Return Amount |
100.18
|
110.74
|
88.17
|
77.83
|
64.82
|
| Net Income (Loss) |
$ (41,310,000)
|
$ (18,217,000)
|
$ (32,021,000)
|
$ (69,425,000)
|
$ (99,678,000)
|
| Company Selected Measure Amount |
590,500,000
|
485,400,000
|
404,200,000
|
330,200,000
|
270,500,000
|
| PEO Name |
Mr. Hall
|
Mr. Hall
|
Mr. Hall
|
Mr. Hall
|
Mr. Hall
|
| Measure:: 1 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
ARR
|
|
|
|
|
| Measure:: 2 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
Net New ACV
|
|
|
|
|
| Measure:: 3 |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Name |
SaaS Rule of 40
|
|
|
|
|
| Non-GAAP Measure Description |
(3)
| “SaaS Rule of 40” represents year over year trailing 12-month SaaS revenue growth rate (%) plus trailing 12-month non-GAAP operating margin. Non-GAAP operating margin is a non-GAAP financial measure. See Exhibit A “Reconciliation of GAAP and Non-GAAP Financial Measures” for additional information regarding non-GAAP financial measures. |
|
|
|
|
|
| PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
$ (17,422,991)
|
|
|
|
|
| PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
12,198,403
|
|
|
|
|
| PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(7,178,502)
|
|
|
|
|
| PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(3,430,164)
|
|
|
|
|
| PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(580,725)
|
|
|
|
|
| Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(7,834,046)
|
|
|
|
|
| Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
5,073,002
|
|
|
|
|
| Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(3,002,018)
|
|
|
|
|
| Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
(1,420,320)
|
|
|
|
|
| Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year |
|
|
|
|
|
| Pay vs Performance Disclosure |
|
|
|
|
|
| Adjustment to Compensation, Amount |
$ (174,218)
|
|
|
|
|