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Non-Controlling Interests and Preferred Stock of Subsidiary | 12 Months Ended
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Jun. 30, 2025
Noncontrolling Interest [Abstract] |
Non-Controlling Interests and Preferred Stock of Subsidiaries | 14. Non-Controlling Interests and Redeemable Preferred Stock of Subsidiaries Non-Controlling Interests Holders of non-controlling interests in a subsidiary of the Company hold certain rights, which result in the classification of the securities as either liability, temporary equity, or permanent equity. The following table summarizes the non-controlling interest balances on the consolidated balance sheets:
(in thousands) |  | June 30, 2025 |  |  | June 30, 2024 |
Consolidated Funds |  |  |  |  |  |
Permanent equity |  |  | 10,348 |  |  |  | 7,481 |
Total non-controlling interests |  | $ | 10,348 |  |  | $ | 7,481 |
The following table summarizes the net income (loss) attributable to the non-controlling interests on the consolidated statements of operations:
|  | For the twelve months ended June 30, |
(in thousands) |  | 2025 |  |  | 2024 |
Consolidated Funds |  |  |  |  |  |
Permanent equity |  |  | 2,659 |  |  |  | 462 |
Net loss attributable to non-controlling interest |  | $ | 2,659 |  |  | $ | 462 |
Consolidated Fund – Non-controlling interest classified as permanent equity As of June 30, 2025, the Company held approximately 42% of the capital in the Consolidated Fund and the remaining capital was recorded as a non-controlling interest that included affiliated individuals and entities.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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- References No definition available. + Details
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