v3.25.4
Leases (Tables)
6 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Term and Discount Rate
Operating lease expense is as follows (in thousands):

Three Months Ended December 31,Six Months Ended December 31,
2025202420252024
Operating lease expense (1)
$3,230$2,865$6,338$5,718
(1)Lease expenses for our short-term leases were immaterial for the periods presented.

Lease term and discount rate information are summarized as follows:
December 31, 2025
Weighted average remaining lease term (in years)6.3
Weighted average discount rate6.3%
Schedule of Future Minimum Lease Payments
As of December 31, 2025, future minimum lease payments are as follows, by fiscal year (in thousands):
2026 (remaining six months)$8,132 
20276,752 
20286,411 
20296,551 
20306,767 
Thereafter17,738 
Total lease payments52,351 
Less imputed interest(10,074)
Present value of total lease liabilities$42,277