v3.26.3
Fair Value Measurement
3 Months Ended
Sep. 30, 2026
Fair Value Measurement  
Fair Value Measurement

Note 7.Fair Value Measurement

Fair value on a recurring basis

The following table presents the Company’s assets that were measured at fair value on a recurring basis at September 30, 2026 and June 30, 2026, respectively (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

Level 1

​

Level 2

​

Level 3

​

Total

September 30, 2026

​

​

​

​

​

​

​

​

​

​

​

Cash equivalents

​

​

​

​

​

​

​

​

​

​

​

Money market funds

$

108,661

​

$

-

​

$

-

​

$

108,661

Total

​

108,661

​

​

-

​

​

-

​

​

108,661

Marketable securities

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury Securities

​

10,734

​

​

-

​

​

-

​

​

10,734

Total

$

10,734

​

$

-

​

$

-

​

$

10,734

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2026

​

​

​

​

​

​

​

​

​

​

​

Cash equivalents

​

​

​

​

​

​

​

​

​

​

​

Money market funds

$

92,915

​

$

-

​

$

-

​

$

92,915

Total

​

92,915

​

​

-

​

​

-

​

​

92,915

Marketable securities

​

​

​

​

​

​

​

​

​

​

​

U.S. Treasury Securities

​

10,637

​

​

-

​

​

-

​

​

10,637

Total

$

10,637

​

$

-

​

$

-

​

$

10,637

​

The Company’s investments classified as Level 1 are based on quoted prices that are available in active markets, as well as certificates of deposits and time deposits that are classified as Level 1 due to their short-term nature.

For the three months ending September 30, 2026 and 2025, there were no transfers between Levels 1 and 2 investments and no transfers in or out of Level 3.

Fair value on a non-recurring basis

Our non-financial assets, such as property and equipment, and intangible assets are assessed for impairment annually or whenever events or changes in circumstances indicate that the carrying value of an asset or asset group may not be recoverable.