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Leases (Tables)
6 Months Ended
Dec. 31, 2024
Leases [Abstract]  
Schedule of Components of Lease Costs

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

 

Schedule of Weighted Average Operating Leases Term and Discount Rate

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

%

Schedule of Supplemental Cash Flow Information Related to Operating Leases

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

 

 

Schedule of Remaining Maturities of Operating Lease Liabilities And Future Minimum Lease Payments

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