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Revenues and Contract Balances
 3 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues and Contract Balances Revenues and Contract Balances
Disaggregation of Revenues
The Company disaggregates revenues by contract type, customer type, prime or subcontractor, and whether the solution provided is primarily Expertise or Technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected.
Disaggregated revenues by contract type were as follows (in thousands):
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
DomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$1,382,630 $— $1,382,630 $1,280,010 $— $1,280,010 
Fixed-price564,825 46,668 611,493 439,240 36,016 475,256 
Time-and-materials262,589 30,911 293,500 277,071 24,552 301,623 
Total$2,210,044 $77,579 $2,287,623 $1,996,321 $60,568 $2,056,889 
Disaggregated revenues by customer type were as follows (in thousands):
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
DomesticInternationalTotalDomesticInternationalTotal
Department of Defense$1,179,626 $— $1,179,626 $1,087,288 $— $1,087,288 
Intelligence Community596,429 — 596,429 534,343 — 534,343 
Federal civilian agencies411,730 — 411,730 352,219 — 352,219 
Commercial and other22,259 77,579 99,838 22,471 60,568 83,039 
Total$2,210,044 $77,579 $2,287,623 $1,996,321 $60,568 $2,056,889 
Disaggregated revenues by prime or subcontractor were as follows (in thousands):
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
DomesticInternationalTotalDomesticInternationalTotal
Prime contractor$2,006,508 $70,391 $2,076,899 $1,826,763 $53,656 $1,880,419 
Subcontractor203,536 7,188 210,724 169,558 6,912 176,470 
Total$2,210,044 $77,579 $2,287,623 $1,996,321 $60,568 $2,056,889 
Disaggregated revenues by Expertise or Technology were as follows (in thousands):
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
DomesticInternationalTotalDomesticInternationalTotal
Expertise$936,344 $50,547 $986,891 $956,496 $31,769 $988,265 
Technology1,273,700 27,032 1,300,732 1,039,825 28,799 1,068,624 
Total$2,210,044 $77,579 $2,287,623 $1,996,321 $60,568 $2,056,889 
Changes in Estimates
Aggregate net changes in estimates for the three months ended September 30, 2025 reflected a decrease to income before income taxes of $5.0 million (a decrease of $0.17 per diluted share), compared to an increase of $3.7 million (an increase of $0.12 per diluted share) for the three months ended September 30, 2024. The Company uses its statutory tax rate when calculating the impact to diluted earnings per share.
Revenues recognized from previously satisfied performance obligations were not material for the three months ended September 30, 2025 and 2024, respectively. The change in revenues recognized from previously satisfied performance obligations generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customer’s final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied.
Remaining Performance Obligations
As of September 30, 2025, the Company had $13.1 billion of remaining performance obligations and expects to recognize approximately 44% and 63% as revenue over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter.
Contract Balances
Contract balances consisted of the following (in thousands):
Description of Contract Related BalanceFinancial Statement ClassificationSeptember 30, 2025June 30, 2025
Billed and billable receivablesAccounts receivable, net$1,130,070 $1,098,237 
Contract assets – current unbilled receivablesAccounts receivable, net288,941 307,204 
Contract assets – current costs to obtainPrepaid expenses and other current assets7,386 7,059 
Contract assets – noncurrent unbilled receivablesOther assets15,699 14,694 
Contract assets – noncurrent costs to obtainOther assets14,404 13,897 
Contract liabilities – current deferred revenue and other contract liabilitiesOther accrued expenses and current liabilities(197,141)(190,400)
Contract liabilities – noncurrent deferred revenue and other contract liabilitiesOther liabilities(3,542)(6,014)
During the three months ended September 30, 2025, the Company recognized $91.7 million of revenues, compared with $64.1 million of revenues for the three months ended September 30, 2024, that was included in a previously recorded contract liability as of the beginning of the period.