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v3.26.1

Property and Equipment, net | 9 Months Ended
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Mar. 31, 2026
Property, Plant and Equipment [Abstract] |
Property and Equipment, net | Property and Equipment, net Property and equipment, net consisted of the following (in thousands):
| Estimated Useful Lives (Years) |  | March 31, 2026 |  | June 30, 2025
Machines and equipment | 3-10 |  | $ | 78,047 |  |  | $ | 41,067 |
Leasehold improvements | 7-10 |  | 69,715 |  |  | 40,422 |
Vehicles | 5 |  | 1,491 |  |  | 1,386 |
Furniture and fixtures | 3-7 |  | 3,651 |  |  | 1,253 |
Software | 7 |  | 4,035 |  |  | 3,501 |
Construction in progress | — |  | 41,504 |  |  | 27,891 |
|  |  | 198,443 |  |  | 115,520 |
Less: accumulated depreciation |  |  | (19,069) |  |  | (7,350) |
Property and equipment, net |  |  | $ | 179,374 |  |  | $ | 108,170 |
Construction in progress is primarily related to the expansion of both new and currently leased manufacturing campuses. These assets will be placed in service and reclassified to machinery and equipment and leasehold improvements when the related projects are complete. Depreciation expense for the three months ended March 31, 2026 and 2025 was $6.4 million and $1.4 million, respectively. During the three months ended March 31, 2026, $4.8 million and $1.6 million were allocated to cost of revenues and operating expenses, respectively. During the three months ended March 31, 2025, $1.1 million and $0.3 million were allocated to cost of revenues and operating expenses, respectively. Depreciation expense for the nine months ended March 31, 2026 and 2025 was $13.4 million and $3.9 million, respectively. During the nine months ended March 31, 2026, $10.4 million and $3.0 million were allocated to cost of revenues and operating expenses, respectively. During the nine months ended March 31, 2025, $3.1 million and $0.8 million were allocated to cost of revenues and operating expenses, respectively.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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