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Balance Sheet Components | 12 Months Ended
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Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Balance Sheet Components | 4. Balance Sheet Components Cash and Cash Equivalents The following table summarizes the Company's cash and cash equivalents (in thousands):
|  | June 30, 2025 |  |  | June 30, 2024 |
Cash |  | $ | 225,656 |  |  | $ | 153,483 |
Cash equivalents |  |  | 6,089 |  |  |  | 3,216 |
Total cash and cash equivalents |  | $ | 231,745 |  |  | $ | 156,699 |
Accounts Receivable, Net The following table summarizes the Company's accounts receivable (in thousands):
|  | June 30, 2025 |  |  | June 30, 2024 |
Accounts receivable |  | $ | 327,067 |  |  | $ | 327,859 |
Customer rebates |  |  | (176,002 | ) |  |  | (185,090 | )
Allowance for credit losses |  |  | (691 | ) |  |  | (915 | )
Allowance for product returns |  |  | (23,666 | ) |  |  | (52,336 | )
Accounts receivable, net |  | $ | 126,708 |  |  | $ | 89,518 |
The following table summarizes the Company's allowance for credit losses (in thousands):
Description |  | Balance at beginning of period |  |  | Provision for expected credit losses |  |  | Deductions (1) |  |  | Balance at end of period |
Year Ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 915 |  |  | $ | 157 |  |  | $ | (381 | ) |  | $ | 691 |
Year Ended June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 882 |  |  | $ | 210 |  |  | $ | (177 | ) |  | $ | 915 |
Year Ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses |  | $ | 695 |  |  | $ | 464 |  |  | $ | (277 | ) |  | $ | 882 |
(1) Uncollectible accounts written off, net of recoveries. The following table summarizes the Company’s allowance for product returns (in thousands):
Description |  | Balance at beginning of period |  |  | Additions |  |  | Deductions |  |  | Balance at end of period |
Year Ended June 30, 2025: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for product returns |  | $ | 52,336 |  |  | $ | 23,716 |  |  | $ | (52,386 | ) |  | $ | 23,666 |
Year Ended June 30, 2024: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for product returns |  | $ | 35,125 |  |  | $ | 149,161 |  |  | $ | (131,950 | ) |  | $ | 52,336 |
Year Ended June 30, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Allowance for product returns |  | $ | 20,033 |  |  | $ | 104,028 |  |  | $ | (88,936 | ) |  | $ | 35,125 |
Inventories The following table summarizes the Company’s inventory by category (in thousands):
|  | June 30, 2025 |  |  | June 30, 2024 |
Finished goods |  | $ | 57,770 |  |  | $ | 115,813 |
Raw materials |  |  | 44,808 |  |  |  | 25,219 |
Total inventories |  | $ | 102,578 |  |  | $ | 141,032 |
Property and Equipment, Net The following table summarizes the Company’s property and equipment by category (in thousands):
|  | June 30, 2025 |  |  | June 30, 2024 |
Computers and equipment |  | $ | 80,782 |  |  | $ | 77,224 |
Software |  |  | 62,089 |  |  |  | 60,717 |
Office equipment, furniture and fixtures |  |  | 8,031 |  |  |  | 8,134 |
Leasehold improvements |  |  | 47,962 |  |  |  | 47,880 |
Total property and equipment |  |  | 198,864 |  |  |  | 193,955 |
Less: accumulated depreciation and amortization |  |  | (154,498 | ) |  |  | (150,211 | )
Property and equipment, net |  | $ | 44,366 |  |  | $ | 43,744 |
The Company recognized depreciation expense of $14.5 million, $23.9 million and $19.5 million related to property and equipment during the years ended June 30, 2025, 2024 and 2023, respectively. The Company recognized depreciation expense of $23.9 million during the fiscal year ended June 30, 2024, of which $5.9 million was recorded as restructuring and related charges in the consolidated statement of operations. Refer to Note 14, Restructuring and Related Charges, for further discussion. Deferred Revenue The following table summarizes the Company's contract liabilities which are shown as deferred revenue (in thousands):
|  | June 30, 2025 |  |  | June 30, 2024 |
Deferred subscription and support |  | $ | 603,363 |  |  | $ | 554,661 |
Other deferred revenue |  |  | 14,130 |  |  |  | 20,362 |
Total deferred revenue |  | $ | 617,493 |  |  | $ | 575,023 |
Less: current portion |  | $ | 325,078 |  |  | $ | 306,114 |
Non-current deferred revenue |  | $ | 292,415 |  |  | $ | 268,909 |
Accrued Warranty The following table summarizes the activity related to the Company’s product warranty liability during the following periods (in thousands):
|  | Year Ended |
|  | June 30, 2025 |  |  | June 30, 2024 |  |  | June 30, 2023 |
Balance at beginning of period |  | $ | 10,942 |  |  | $ | 12,322 |  |  | $ | 10,852 |
New warranties issued |  |  | 11,540 |  |  |  | 13,010 |  |  |  | 15,463 |
Warranty expenditures |  |  | (12,798 | ) |  |  | (14,390 | ) |  |  | (13,993 | )
Balance at end of period |  | $ | 9,684 |  |  | $ | 10,942 |  |  | $ | 12,322 |

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