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Revenues
3 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
Revenues by geography, based on the shipping address of our clients, were as follows (in thousands):
Three Months Ended September 30,
20252024
U.S.$97,010 $78,572 
U.K.20,704 20,003 
Rest of the world21,313 20,230 
Total$139,027 $118,805 
No country other than those listed above accounted for 10% or more of the Company’s total revenues during the three months ended September 30, 2025 and 2024.
Deferred Commissions
Deferred commissions were $35.9 million and $36.4 million as of September 30, 2025 and June 30, 2025, 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 $4.6 million and $4.0 million for the three months ended September 30, 2025 and 2024, respectively. 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):
September 30, 2025June 30, 2025
Unbilled accounts receivable (1)
$17,663 $19,519 
Deferred revenue, net$239,221 $258,996 
(1)The long-term portion of $72 thousand and $57 thousand as of September 30, 2025 and June 30, 2025, 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 September 30, 2025 and June 30, 2025. During the three months ended September 30, 2025 and 2024 the Company recognized $105.4 million and $88.5 million in revenue pertaining to deferred revenue as of June 30, 2025 and 2024, respectively.
Remaining Performance Obligations
Remaining performance obligations represent non-cancelable 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 September 30, 2025, approximately $715.2 million of revenues is expected to be recognized from remaining performance obligations with approximately 55% over the next 12 months and the remainder thereafter.