Intangible Assets and Goodwill

3 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

The following tables summarize the components of gross and net intangible assets (in thousands, except years):


	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
September 30, 2025
Developed technology	2.9 years	$	170,492	$	166,506	$	3,986
Customer relationships	0.8 years		64,825		63,468		1,357
Trade names	0.0 years		10,700		10,700		—
License agreements	1.2 years		1,282		1,193		89
Total intangible assets, net*		$	247,299	$	241,867	$	5,432
* The carrying amount of foreign intangible assets are affected by foreign currency translation


	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2025
Developed technology	3.0 years	$	170,480	$	165,908	$	4,572
Customer relationships	1.0 years		64,824		62,961		1,863
Trade names	0.0 years		10,700		10,700		—
License agreements	1.4 years		1,282		1,176		106
Total intangible assets, net*		$	247,286	$	240,745	$	6,541
* The carrying amount of foreign intangible assets are affected by foreign currency translation

The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):


	Three Months Ended
	September 30, 2025		September 30, 2024
Amortization of intangible assets in “Total cost of revenues”	$	611	$	624
Amortization of intangible assets in “Total operating expenses”		500		512
Total amortization expense	$	1,111	$	1,136

The amortization expense that is recognized in “Total cost of revenues” primarily consists of amortization related to developed technology and license agreements.

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):


	Amount
For the fiscal year ending June 30:
2026 (the remainder of fiscal 2026)	$	2,427
2027		1,450
2028		1,287
2029		268
Total	$	5,432

Goodwill

The Company had goodwill in the amount of $399.6 million as of September 30, 2025 and June 30, 2025.