v3.26.3
Revenues
 3 Months Ended
Sep. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
Revenues by geography, based on the shipping address of our clients, were as follows (in thousands):
Three Months Ended
September 30,
20262025
U.S.$106,669 $97,010 
U.K.28,313 20,704 
Rest of the world26,280 21,313 
Total$161,262 $139,027 
No country other than those listed above accounted for 10% or more of the Company’s total revenues during the three months ended September 30, 2026 and 2025.
Deferred Commissions
Deferred commissions were $44.4 million and $46.1 million as of September 30, 2026 and June 30, 2026, respectively. Amortization expense with respect to deferred commissions, which is included in Sales and marketing expense in the Company’s unaudited condensed consolidated statements of operations, was $6.4 million for the three months ended September 30, 2026, and $4.6 million for the three months ended September 30, 2025. There was no impairment loss in relation to the costs capitalized for the periods presented.
Contract Balances
The Company’s contract assets and liabilities were as follows (in thousands):
September 30, 2026June 30, 2026
Unbilled accounts receivable (1)
$10,149 $10,619 
Deferred revenue, net$290,413 $317,669 
(1)Long-term portion is nil as of September 30, 2026 and June 30, 2026, respectively, and is included in Other assets on the unaudited condensed consolidated balance sheet.
There was no allowance for credit losses associated with unbilled receivables as of September 30, 2026 and June 30, 2026. During the three months ended September 30, 2026 and 2025, the Company recognized $135.0 million and $105.4 million in revenue pertaining to deferred revenue as of June 30, 2026 and 2025, respectively.
Remaining Performance Obligations
Remaining performance obligations represent non-cancelable contracted revenues that have not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenues in future periods. A subscription is typically satisfied over one to three years, license is typically satisfied at a point in time, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services contracts are not included in the performance obligations amount.
As of September 30, 2026, approximately $799.4 million of revenues is expected to be recognized from remaining performance obligations with approximately 59% over the next 12 months and the remainder thereafter.