Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2026

Schedule of Fair Value, Assets Measured on Recurring Basis

The following table presents the Company’s assets that are measured at fair value on a recurring basis, which include cash equivalents, as of September 30, 2026 and June 30, 2026:


	Fair Value Hierarchy	September 30, 2026		June 30, 2026
Assets:

Money market accounts	I	$	36,764	$	147,346
Time deposits	I	1,301		15,706

Equity investments	I	42,914		43,191
Warrants	III	1,752		3,498

Total assets measured at fair value		$	82,731	$	209,741

Schedule of Fair Value Measurement Inputs and Valuation Techniques

The following are key assumptions used to calculate the fair value of the warrants as of September 30, 2026 and June 30, 2026:


	September 30, 2026		June 30, 2026
Expected term	0.68 years		0.80 years
Expected volatility	62.36	%	73.89	%
Risk-free interest rate	4.39	%	3.98	%

Schedule of Additional Information of Assets of Level III Inputs

The following table presents additional information about our assets for which we utilize Level III inputs to determine fair value as of September 30, 2026 and June 30, 2026:


	Three Months Ended September 30,
	2026		2025
Balance at beginning of period	$	3,498	$	1,604

Unrealized (losses) gains on warrants	(1,746)		5,711

Balance at end of period	$	1,752	$	7,315

Schedule of Carrying Value and Fair Value of Debt

The carrying value and fair value of the Company’s financial instruments reported in the accompanying consolidated balance sheets as of September 30, 2026 and June 30, 2026 were as follows:


	September 30, 2026				June 30, 2026
	Carrying Value		Fair Value		Carrying Value		Fair Value





Liabilities
Debt, current (a)	$	16,500	$	16,500	$	16,500	$	16,500
Long-term debt (b)	$	282,000	$	282,000	$	242,000	$	242,000

_________________

(a)The Company’s debt, current is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar securities for which the inputs are readily observable. The fair value of the Company’s debt, current is the same as its carrying amount based on valuation of similar securities. See Note 13 for further details.

(b)The Company’s long-term debt is classified within Level II of the fair value hierarchy as it is valued using quoted indices of similar securities for which the inputs are readily observable. The fair value of the Company’s long-term debt is the same as its carrying amount as the debt bears interest at a variable rate indexed to current market conditions. See Note 13 for further details.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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