Employee Benefit Plans (Tables)
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6 Months Ended |
Dec. 31, 2025 |
| Share-Based Payment Arrangement, Noncash Expense [Abstract] |
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| Common Stock Reserved for Future Issuance |
The Company had the following reserved shares of common stock for future issuance as of the dates noted (in thousands):
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December 31, 2025 |
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June 30, 2025 |
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2013 Equity Incentive Plan shares available for grant |
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13,153 |
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10,935 |
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Employee stock options and awards outstanding |
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|
8,509 |
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|
7,566 |
|
2014 Employee Stock Purchase Plan |
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5,418 |
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|
5,952 |
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Total shares reserved for issuance |
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27,080 |
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|
24,453 |
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| Schedule of Recognized Share-based Compensation Expense |
Share-based compensation expense recognized in the condensed consolidated financial statements by line-item caption is as follows (in thousands):
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Three Months Ended |
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Six Months Ended |
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December 31, 2025 |
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December 31, 2024 |
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December 31, 2025 |
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December 31, 2024 |
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Cost of product revenues |
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$ |
796 |
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$ |
680 |
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$ |
1,548 |
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$ |
1,298 |
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Cost of subscription and support revenues |
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|
759 |
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|
798 |
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1,486 |
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1,487 |
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Research and development |
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4,639 |
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4,467 |
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9,086 |
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8,680 |
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Sales and marketing |
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8,009 |
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7,596 |
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15,522 |
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14,478 |
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General and administrative |
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8,696 |
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7,911 |
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17,037 |
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|
15,276 |
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Total share-based compensation expense |
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$ |
22,899 |
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$ |
21,452 |
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$ |
44,679 |
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$ |
41,219 |
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| Summary of Stock Option Activity |
The following table summarizes stock option activity for the six months ended December 31, 2025 (in thousands, except per share amount and contractual term):
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Number of Shares |
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Weighted-Average Exercise Price Per Share |
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Weighted-Average Remaining Contractual Term (years) |
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Aggregate Intrinsic Value |
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Options outstanding at June 30, 2025 |
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496 |
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$ |
6.70 |
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|
1.16 |
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$ |
5,580 |
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Granted |
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— |
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— |
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Exercised |
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(121 |
) |
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— |
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Canceled |
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— |
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— |
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Options outstanding at December 31, 2025 |
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375 |
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$ |
6.70 |
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0.66 |
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$ |
3,727 |
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Vested and expected to vest at December 31, 2025 |
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|
375 |
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$ |
6.70 |
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|
0.66 |
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$ |
3,727 |
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Exercisable at December 31, 2025 |
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|
375 |
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$ |
6.70 |
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|
0.66 |
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$ |
3,727 |
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| Summary of Stock Award Activity |
The following table summarizes stock award activity for the six months ended December 31, 2025 (in thousands, except grant date fair value):
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Number of Shares |
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Weighted- Average Grant Date Fair Value |
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Aggregate Fair Value |
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Non-vested stock awards outstanding at June 30, 2025 |
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7,070 |
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$ |
19.53 |
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Granted |
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4,351 |
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|
20.87 |
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Released |
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(3,185 |
) |
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18.86 |
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Canceled |
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(102 |
) |
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19.84 |
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Non-vested stock awards outstanding at December 31, 2025 |
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8,134 |
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$ |
20.57 |
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Stock awards expected to vest at December 31, 2025 |
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|
8,134 |
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$ |
20.57 |
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$ |
167,311 |
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| Schedule of Fair Value Assumptions for Employee Stock Purchase Plan Awards |
The following assumptions used to determine the grant-date fair values of the MSU during the following periods:
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Equity Incentive Plan |
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Six Months Ended |
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December 31, 2025 |
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December 31, 2024 |
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Expected term |
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3.0 years |
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3.0 years |
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Risk-free interest rate |
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3.70 |
% |
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|
3.86 |
% |
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Volatility |
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|
45 |
% |
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|
48 |
% |
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Dividend yield |
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|
— |
% |
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— |
% |
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The following assumptions were used to determine the grant-date fair values of the ESPP shares during the following periods:
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Employee Stock Purchase Plan |
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Six Months Ended |
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December 31, 2025 |
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December 31, 2024 |
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Expected term |
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0.5 years |
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0.5 years |
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Risk-free interest rate |
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4.12 |
% |
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5.04 |
% |
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Volatility |
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|
50 |
% |
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|
36 |
% |
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Dividend yield |
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|
— |
% |
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— |
% |
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