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Revenues
 6 Months Ended
Dec. 31, 2024
Revenue Recognition [Abstract]  
Revenues

Note 3. Revenues

Disaggregation of Revenues

Revenues by geography were as follows (in thousands):

 

 

 

Three Months Ended December 31,

 

 

Six Months Ended December 31,

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

U.S.

 

$

83,138

 

 

$

73,163

 

 

$

161,710

 

 

$

143,018

 

U.K.

 

 

18,217

 

 

 

13,829

 

 

 

38,220

 

 

 

28,555

 

Rest of the world

 

 

19,854

 

 

 

16,941

 

 

 

40,084

 

 

 

33,935

 

Total

 

$

121,209

 

 

$

103,933

 

 

$

240,014

 

 

$

205,508

 

 

No country other than those listed above accounted for 10% or more of the Company’s total revenues during the three and six months ended December 31, 2024 and 2023.

Deferred Commissions

Deferred commissions were $32.6 million and $32.4 million as of December 31, 2024 and June 30, 2024, respectively. Amortization expense with respect to deferred commissions, which is included in sales and marketing expense in the Company’s unaudited condensed consolidated statements of operations, was $4.1 million and $8.0 million for the three and six months ended December 31, 2024, respectively, and $3.6 million and $7.1 million for the three and six months ended December 31, 2023. There was no impairment loss in relation to the costs capitalized for the periods presented.

Contract balances

The Company’s contract assets and liabilities were as follows (in thousands):

 

 

 

December 31, 2024

 

 

June 30, 2024

 

Unbilled accounts receivable(1)

 

$

14,003

 

 

$

13,363

 

Deferred revenue, net

 

 

237,995

 

 

 

222,486

 

 

(1)
The long-term portion of $217 thousand and $63 thousand as of December 31, 2024 and June 30, 2024, respectively is included in other assets on the unaudited condensed consolidated balance sheets.

There was no allowance for credit losses associated with unbilled receivables as of December 31, 2024 and June 30, 2024. During the six months ended December 31, 2024 and 2023 the Company recognized $149.3 million and $125.1 million in revenue pertaining to deferred revenue as of June 30, 2024 and 2023, respectively.

Remaining Performance Obligations

Remaining performance obligations represent non-cancellable contracted revenues that have not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenues in future periods. SaaS subscription is typically satisfied over one to three years, license is typically satisfied at a point in time, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services contracts are not included in the performance obligations amount.

As of December 31, 2024, approximately $615.3 million of revenues is expected to be recognized from remaining performance obligations with approximately 55% over the next 12 months and the remainder thereafter.