Leases

6 Months Ended

Dec. 31, 2024

Note 8. Leases

The Company leases the majority of its office space in the U.S., U.K., Netherlands, Ukraine, Germany, and Singapore under non-cancelable operating lease agreements, which have various expiration dates through November 2030, some of which include options to extend the leases for up to 5 years.

The components of lease costs were as follows (in thousands):


	Three Months Ended December 31,				Six Months Ended December 31,
Operating Leases:	2024		2023		2024		2023
Operating lease cost	$	1,678	$	1,486	$	3,383	$	2,986
Short-term lease cost		678		406		870		677
Variable lease cost		134		28		250		55

The weighted-average remaining lease term of the Company’s operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows:


Lease Term and Discount Rate:	December 31, 2024			December 31, 2023
Weighted-average remaining lease term (in years)		5.0			5.8
Weighted-average discount rate		6.9	%		7.1	%

The following table presents supplemental cash flow information related to the Company's operating leases (in thousands):


	Six Months Ended December 31,
	2024			2023
Cash payments included in the measurement of operating lease liabilities	$	3,461		$	3,102
ROU assets obtained in exchange for new operating lease liabilities		(419	)		501

Current operating lease liabilities of $5.1 million and $6.0 million were included in other current liabilities on the Company’s unaudited condensed consolidated balance sheets as of December 31, 2024 and June 30, 2024, respectively.

As of December 31, 2024, remaining maturities of operating lease liabilities are as follows (in thousands):


Fiscal Year Ending June 30,	Amount
2025 (remaining 6 months)	$	3,635
2026		5,259
2027		4,314
2028		4,605
2029		5,018
2030 and thereafter		3,748
Total lease payments		26,579
Less: imputed interest		(4,067	)
Present value of operating lease liabilities	$	22,512