Intangible Assets and Goodwill (Tables)

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Components of Gross and Net Intangible Asset Balances

Intangible Assets

The following tables summarize the components of gross and net intangible assets (in thousands, except years):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
December 31, 2024
Developed technology	2.8 years	$	168,884	$	163,676	$	5,208
Customer relationships	1.5 years		64,626		61,756		2,870
Trade names	0.0 years		10,700		10,700		—
License agreements	2.0 years		1,282		1,139		143
Total intangible assets, net*		$	245,492	$	237,271	$	8,221
* The carrying amount of foreign intangible assets are affected by foreign currency translation

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2024
Developed technology	3.0 years	$	169,247	$	162,708	$	6,539
Customer relationships	2.0 years		64,671		60,776		3,896
Trade names	0.0 years		10,700		10,700		—
License agreements	2.4 years		1,282		1,104		178
Total intangible assets, net*		$	245,901	$	235,288	$	10,613
* The carrying amount of foreign intangible assets are affected by foreign currency translation

Summary of Amortization Expense of Intangibles

The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):

	Three Months Ended				Six Months Ended
	December 31, 2024		December 31, 2023		December 31, 2024		December 31, 2023
Amortization of intangible assets in “Total cost of revenues”	$	606	$	611	$	1,230	$	2,044
Amortization of intangible assets in “Total operating expenses”		509		509		1,021		1,020
Total amortization expense	$	1,115	$	1,120	$	2,251	$	3,064

Schedule of Expected Amortization Expenses

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):

	Amount
For the fiscal year ending June 30:
2025 (the remainder of fiscal 2025)	$	2,183
2026		3,131
2027		1,402
2028		1,246
2029		259
Total	$	8,221

Summary of Goodwill

The Company had goodwill in the amount of $392.0 million and $393.7 million as of December 31, 2024 and June 30, 2024, respectively. The change in goodwill during the six months ended December 31, 2024 is due to foreign currency translation adjustments that are recorded as a component of accumulated other comprehensive loss.