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Investments | 12 Months Ended
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Jun. 30, 2025
Equity Method Investments and Joint Ventures [Abstract] |
Investments | Investments Equity investments by measurement category as of June 30, 2025 and June 30, 2024 were as follows (in thousands):
Measurement category | 2025 |  | 2024
Fair value | $ | 13,080 |  |  | $ | 12,026 |
Measurement alternative | 63,642 |  |  | 73,739 |
Equity method | 76,178 |  |  | 65,462 |
Total | $ | 152,900 |  |  | $ | 151,227 |
The following table shows a reconciliation of the changes in our equity investments for the year ended June 30, 2025 (in thousands):
| Non-marketable securities |  | Marketable securities |  | Equity method investments |  | Total
Balance at the beginning of the period | $ | 73,739 |  |  | $ | 12,026 |  |  | $ | 65,462 |  |  | $ | 151,227 |
Additions to investments | 5,778 |  |  | — |  |  | 638 |  |  | 6,416 |
Impairment of investments | (11,742) |  |  | — |  |  | — |  |  | (11,742) |
Realized gains on marketable and non-marketable equity securities | 389 |  |  | — |  |  | — |  |  | 389 |
Proceeds from exits of investments | (4,628) |  |  | — |  |  | — |  |  | (4,628) |
Unrealized gains on marketable equity securities | — |  |  | 1,054 |  |  | — |  |  | 1,054 |
Gain attributable to equity method investments | — |  |  | — |  |  | 3,644 |  |  | 3,644 |
Foreign currency translation adjustments | 106 |  |  | — |  |  | 6,434 |  |  | 6,540 |
Carrying value at the end of the period | $ | 63,642 |  |  | $ | 13,080 |  |  | $ | 76,178 |  |  | $ | 152,900 |
The following table shows a reconciliation of the changes in our equity investments for the year ended June 30, 2024 (in thousands):
| Non-marketable securities |  | Marketable securities |  | Equity method investments |  | Total
Balance at the beginning of the period | $ | 68,748 |  |  | $ | 12,423 |  |  | $ | 65,366 |  |  | $ | 146,537 |
Additions to investments | 8,640 |  |  | 1,000 |  |  | 3,125 |  |  | 12,765 |
Observable price adjustments on non-marketable equity securities | 2,315 |  |  | — |  |  | — |  |  | 2,315 |
Impairment of investments | (4,963) |  |  | — |  |  | — |  |  | (4,963) |
Proceeds from exits of investments | (1,000) |  |  | — |  |  | — |  |  | (1,000) |
Unrealized losses on marketable equity securities | — |  |  | (1,397) |  |  | — |  |  | (1,397) |
Loss attributable to equity method investments | — |  |  | — |  |  | (1,848) |  |  | (1,848) |
Foreign currency translation adjustments | (1) |  |  | — |  |  | (1,181) |  |  | (1,182) |
Carrying value at the end of the period | $ | 73,739 |  |  | $ | 12,026 |  |  | $ | 65,462 |  |  | $ | 151,227 |
Net unrealized gains and losses recognized in the years ended June 30, 2025, 2024 and 2023 for equity investments in non-marketable and marketable securities still held as of those respective dates were a loss of $10.7 million, a loss of $4.0 million, and a gain of $6.0 million, respectively.

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- Definition The entire disclosure for investment. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 321 -Publisher FASB -URI https://asc.fasb.org/321/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 325 -Publisher FASB -URI https://asc.fasb.org/325/tableOfContent + Details
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