v3.25.4

Financial Instruments and Significant Concentrations - Fair Value on a Recurring Basis (Details) - Recurring - USD ($) $ in Thousands | Dec. 31, 2025 | Jun. 30, 2025
--- | --- | ---
Financial Instruments |  |
Financial assets measured at fair value | $ 129,120 | $ 162,806
Money market funds |  |
Financial Instruments |  |
Cash and cash equivalents | 8,126 | 86,059
Corporate commercial paper |  |
Financial Instruments |  |
Cash and cash equivalents |  | 1,000
Marketable debt securities | 40,452 | 16,588
U.S. Government agencies |  |
Financial Instruments |  |
Marketable debt securities | 1,270 | 5,445
U.S. Government treasuries |  |
Financial Instruments |  |
Cash and cash equivalents |  | 1,996
Marketable debt securities | 1,750 | 1,484
Corporate notes and bonds |  |
Financial Instruments |  |
Marketable debt securities | 77,522 | 50,234
Level 1 |  |
Financial Instruments |  |
Financial assets measured at fair value | 8,126 | 86,059
Level 1 | Money market funds |  |
Financial Instruments |  |
Cash and cash equivalents | 8,126 | 86,059
Level 2 |  |
Financial Instruments |  |
Financial assets measured at fair value | 120,994 | 76,747
Level 2 | Corporate commercial paper |  |
Financial Instruments |  |
Cash and cash equivalents |  | 1,000
Marketable debt securities | 40,452 | 16,588
Level 2 | U.S. Government agencies |  |
Financial Instruments |  |
Marketable debt securities | 1,270 | 5,445
Level 2 | U.S. Government treasuries |  |
Financial Instruments |  |
Cash and cash equivalents |  | 1,996
Marketable debt securities | 1,750 | 1,484
Level 2 | Corporate notes and bonds |  |
Financial Instruments |  |
Marketable debt securities | $ 77,522 | $ 50,234

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