v3.26.3
LEASES
 3 Months Ended
Sep. 30, 2026
Leases [Abstract]  
LEASES LEASES
The majority of the Company’s leases are operating leases related to office space for which the Company recognizes lease expense on a straight-line basis over the respective lease term. The Company leases office facilities in the United States in San Diego, CA; Centennial, CO; Overland Park, KS; Olathe, KS; Indianapolis, IN; and Monaca, PA. The Company's operating leases have remaining lease terms of less than one year up to twelve years.

During the three months ended September 30, 2026, the Company did not enter into any operating or finance leases.
During the three months ended September 30, 2025, the Company entered into one finance lease and added equipment to two existing finance leases, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $0.4 million.


Lease Costs—The components of lease costs were as follows for the periods presented:

Three Months Ended September 30,
(in thousands)20262025
Finance lease costs(1)
$202 $225 
Operating lease costs(2)
1,786 1,929 
Short-term lease costs65 66 
Variable lease costs(3)
155 236 
Sublease income(549)(526)
Total net lease costs$1,659 $1,930 
(1) Primarily consists of amortization of finance lease right-of-use assets and an immaterial amount of interest on finance lease liabilities recorded in selling, general, and administrative expense and interest expense, net in the condensed consolidated statements of comprehensive loss.
(2) Recorded in selling, general, and administrative expense in the condensed consolidated statements of comprehensive loss.
(3) Variable lease costs are not included in the measurement of the lease liability or right-of-use asset as they are not based on an index or rate and primarily represents common area maintenance charges and real estate taxes recorded in operating costs and expenses in the condensed consolidated statements of comprehensive loss.

Maturities of Lease Liabilities—As of September 30, 2026, remaining maturities of lease liabilities for each of the next five fiscal years and thereafter are as follows:
(in thousands)Operating leasesFinance leasesTotal
Remainder fiscal 2027$5,312 $561 $5,873 
20286,906 709 7,615 
20297,006 417 7,423 
20304,615 30 4,645 
20314,259 — 4,259 
Thereafter8,726 — 8,726 
     Total undiscounted lease payments36,824 1,717 38,541 
Less: interest11,790 244 12,034 
     Present value of lease liabilities$25,034 $1,473 $26,507 

Sublease income—The Company subleases portions of its office facilities in Overland Park, KS and Centennial, CO, which run through July 31, 2029, and November 30, 2026, respectively. Sublease income is recorded on a straight-line basis as a reduction of lease expense in the condensed consolidated statements of comprehensive loss. The Company may consider entering into additional sublease arrangements in the future.

As of September 30, 2026, the future minimum fixed sublease receipts under non-cancelable operating lease agreements are as follows:
(in thousands)Total
Remainder fiscal 2027$1,499 
20281,931 
20291,931 
2030161 
2031— 
Total sublease income$5,522 
LEASES LEASES
The majority of the Company’s leases are operating leases related to office space for which the Company recognizes lease expense on a straight-line basis over the respective lease term. The Company leases office facilities in the United States in San Diego, CA; Centennial, CO; Overland Park, KS; Olathe, KS; Indianapolis, IN; and Monaca, PA. The Company's operating leases have remaining lease terms of less than one year up to twelve years.

During the three months ended September 30, 2026, the Company did not enter into any operating or finance leases.
During the three months ended September 30, 2025, the Company entered into one finance lease and added equipment to two existing finance leases, resulting in new right-of-use assets obtained in exchange for new lease liabilities of $0.4 million.


Lease Costs—The components of lease costs were as follows for the periods presented:

Three Months Ended September 30,
(in thousands)20262025
Finance lease costs(1)
$202 $225 
Operating lease costs(2)
1,786 1,929 
Short-term lease costs65 66 
Variable lease costs(3)
155 236 
Sublease income(549)(526)
Total net lease costs$1,659 $1,930 
(1) Primarily consists of amortization of finance lease right-of-use assets and an immaterial amount of interest on finance lease liabilities recorded in selling, general, and administrative expense and interest expense, net in the condensed consolidated statements of comprehensive loss.
(2) Recorded in selling, general, and administrative expense in the condensed consolidated statements of comprehensive loss.
(3) Variable lease costs are not included in the measurement of the lease liability or right-of-use asset as they are not based on an index or rate and primarily represents common area maintenance charges and real estate taxes recorded in operating costs and expenses in the condensed consolidated statements of comprehensive loss.

Maturities of Lease Liabilities—As of September 30, 2026, remaining maturities of lease liabilities for each of the next five fiscal years and thereafter are as follows:
(in thousands)Operating leasesFinance leasesTotal
Remainder fiscal 2027$5,312 $561 $5,873 
20286,906 709 7,615 
20297,006 417 7,423 
20304,615 30 4,645 
20314,259 — 4,259 
Thereafter8,726 — 8,726 
     Total undiscounted lease payments36,824 1,717 38,541 
Less: interest11,790 244 12,034 
     Present value of lease liabilities$25,034 $1,473 $26,507 

Sublease income—The Company subleases portions of its office facilities in Overland Park, KS and Centennial, CO, which run through July 31, 2029, and November 30, 2026, respectively. Sublease income is recorded on a straight-line basis as a reduction of lease expense in the condensed consolidated statements of comprehensive loss. The Company may consider entering into additional sublease arrangements in the future.

As of September 30, 2026, the future minimum fixed sublease receipts under non-cancelable operating lease agreements are as follows:
(in thousands)Total
Remainder fiscal 2027$1,499 
20281,931 
20291,931 
2030161 
2031— 
Total sublease income$5,522