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Financial Instruments and Fair Value Measurements (Tables)
12 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of Cash Equivalents and Long-term Investments Measured at Fair Value on a Recurring Basis
The following table sets forth our financial instruments as of June 30, 2025 and 2024, which are measured at fair value on a recurring basis by level within the fair value hierarchy. These are classified based on the lowest level of input that is significant to the fair value measurement (in thousands):

June 30, 2025Level 1Level 2Level 3Asset at
Fair Value
Assets
Money market funds(1)
$44 $— $— $44 
Certificates of deposit— 519 — 519 
Investment in marketable equity security6,239 — — 6,239
Auction rate security— — 1,750 1,750 
Total assets measured at fair value$6,283 $519 $1,750 $8,552 
June 30, 2024Level 1Level 2Level 3Asset at
Fair Value
Assets
Money market funds(1)
$340 $— $— $340 
Certificates of deposit— 486 — 486 
Investment in marketable equity security3,686 — — 3,686 
Auction rate security— — 1,829 1,829 
Total assets measured at fair value$4,026 $486 $1,829 $6,341 

(1) All of the money market funds are included in cash and cash equivalents as of June 30, 2025. As of June 30, 2024, $0.1 million and $0.2 million of money market funds are included in cash and cash equivalents and restricted cash, non-current in other assets, respectively, in the consolidated balance sheets.