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Acquisitions (Tables)
 9 Months Ended
Mar. 31, 2026
Business Combination [Abstract]  
Summary of Preliminary Calculation of Total Purchase Price

The following table summarizes the Company’s preliminary calculation of the total purchase price as of the acquisition date (in thousands):

 

 

 

Estimated Fair Value

 

Cash

 

$

114,814

 

Anniversary payments fair value

 

 

64,889

 

Total

 

$

179,703

 
Summary of Preliminary Allocation of Purchase Price to Fair Values of Identifiable Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary allocation of the purchase price to the fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date (in thousands):

 

 

 

Estimated Fair Value

 

Assets:

 

 

 

Cash and cash equivalents

 

$

8,789

 

Accounts receivable

 

 

6,638

 

Prepaid expenses and other assets

 

 

2,099

 

Intangible assets

 

 

49,500

 

Total identifiable assets acquired

 

 

67,026

 

 

 

 

 

Liabilities:

 

 

 

Accounts payable

 

 

2,545

 

Accrued liabilities

 

 

16,555

 

Deferred tax liabilities

 

 

4,965

 

Total identifiable liabilities assumed

 

 

24,065

 

 

 

 

 

Net identifiable assets acquired

 

 

42,961

 

Goodwill

 

 

136,742

 

Preliminary purchase price

 

$

179,703

 
Summary of Preliminary Fair Values of Identifiable Intangible Assets Acquired and Estimated Useful Lives

The following table summarizes the preliminary fair values of the identifiable intangible assets acquired and the estimated useful lives as of the acquisition date (in thousands):

 

 

 

 

 

Estimated
Fair Value

 

 

Estimated Weighted Average Useful Life

Customer relationships

 

 

 

$

35,500

 

 

9 years

Tradename and trademarks

 

 

 

 

10,300

 

 

7 years

Developed technology

 

 

 

 

1,000

 

 

2 years

Noncompetition agreement

 

 

 

 

2,700

 

 

4 years

Total

 

 

 

$

49,500

 

 

 
Summary of Amount of Net Revenue and Net Income from Operations

The following table represents the amount of net revenue and net income from operations related to the HomeBuddy acquisition which has been included in the consolidated statements of operations for the periods indicated subsequent to the acquisition date (in thousands):

 

 

 

 

 

 

 

 

 

Three and Nine Months Ended March 31, 2026

 

Net revenue

 

 

 

 

 

 

 

$

39,078

 

Net income

 

 

 

 

 

 

 

 

1,159

 
Summary of Unaudited Pro Forma Financial Information The unaudited pro forma financial information is presented for illustrative purposes only and does not necessarily reflect what the combined company’s results of operations would have been had the acquisition occurred as of the beginning of fiscal year 2025, nor is it necessarily indicative of the future results of operations of the combined company (in thousands):

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Net revenue

 

$

346,095

 

 

$

299,285

 

 

$

1,002,395

 

 

$

926,719

 

Net income

 

 

11,747

 

 

 

3,570

 

 

 

69,439

 

 

 

(943

)