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Revenues
 12 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of Revenues
The Company disaggregates revenues by contract type, customer type, prime vs. subcontractor, and whether the solution provided is primarily Expertise or Technology. These categories represent how the nature, amount, timing, and uncertainty of revenues and cash flows are affected.
Disaggregated revenues by contract type were as follows (dollars in thousands):
Year Ended June 30,
202520242023
DomesticInternationalTotalDomesticInternationalTotalDomesticInternationalTotal
Cost-plus-fee$5,221,011 $— $5,221,011 $4,654,689 $— $4,654,689 $3,896,725 $— $3,896,725 
Fixed-price2,112,490 159,112 2,271,602 1,950,286 140,893 2,091,179 1,888,414 135,554 2,023,968 
Time-and-materials1,036,860 98,351 1,135,211 827,770 86,194 913,964 727,799 54,054 781,853 
Total$8,370,361 $257,463 $8,627,824 $7,432,745 $227,087 $7,659,832 $6,512,938 $189,608 $6,702,546 
Disaggregated revenues by customer type were as follows (dollars in thousands):
Year Ended June 30,
202520242023
DomesticInternationalTotalDomesticInternationalTotalDomesticInternationalTotal
DoD$6,507,728 $— $6,507,728 $5,695,408 $— $5,695,408 $4,817,470 $— $4,817,470 
Federal civilian agencies1,751,973 — 1,751,973 1,588,262 — 1,588,262 1,533,295 — 1,533,295 
Commercial and other110,660 257,463 368,123 149,075 227,087 376,162 162,173 189,608 351,781 
Total$8,370,361 $257,463 $8,627,824 $7,432,745 $227,087 $7,659,832 $6,512,938 $189,608 $6,702,546 
Disaggregated revenues by prime vs. subcontractor were as follows (dollars in thousands):
Year Ended June 30,
202520242023
DomesticInternationalTotalDomesticInternationalTotalDomesticInternationalTotal
Prime contractor$7,553,566 $230,342 $7,783,908 $6,649,114 $200,735 $6,849,849 $5,801,840 $171,860 $5,973,700 
Subcontractor816,795 27,121 843,916 783,631 26,352 809,983 711,098 17,748 728,846 
Total$8,370,361 $257,463 $8,627,824 $7,432,745 $227,087 $7,659,832 $6,512,938 $189,608 $6,702,546 
Disaggregated revenues by Expertise or Technology were as follows (dollars in thousands):
Year Ended June 30,
202520242023
DomesticInternationalTotalDomesticInternationalTotalDomesticInternationalTotal
Expertise$3,714,545 $135,296 $3,849,841 $3,473,434 $83,555 $3,556,989 $3,021,621 $69,751 $3,091,372 
Technology4,655,816 122,167 4,777,983 3,959,311 143,532 4,102,843 3,491,317 119,857 3,611,174 
Total$8,370,361 $257,463 $8,627,824 $7,432,745 $227,087 $7,659,832 $6,512,938 $189,608 $6,702,546 
Changes in Estimates
Aggregate net changes in estimates reflected an increase to income before income taxes of $15.8 million ($0.53 per diluted share), an increase of $25.0 million ($0.83 per diluted share), and an increase of $23.4 million ($0.74 per diluted share) during fiscal 2025, 2024, and 2023, respectively. The Company uses its statutory tax rate when calculating the impact to diluted earnings per share.
Revenues recognized from previously satisfied performance obligations were $0.2 million, $0.7 million, and $1.7 million for fiscal 2025, 2024, and 2023, respectively. The change in revenues generally relates to final true-up adjustments for estimated award or incentive fees in the period in which the customers' final performance score was received or when it can be determined that more objective, contractually-defined criteria have been fully satisfied.
Remaining Performance Obligations
As of June 30, 2025, the Company had $12.1 billion of remaining performance obligations and expects to recognize approximately 44% and 63% over the next 12 and 24 months, respectively, with the remainder to be recognized thereafter.
Contract Balances
Contract balances consisted of the following (dollars in thousands):
Year Ended June 30,
Description of Contract Related BalanceFinancial Statement Classification20252024
Billed and billable receivablesAccounts receivable, net$1,098,237 $885,552 
Contract assets – current unbilled receivablesAccounts receivable, net307,204 145,759 
Contract assets – current costs to obtainPrepaid expenses and other current assets7,059 6,142 
Contract assets – noncurrent unbilled receivablesAccounts receivable, long-term14,694 13,311 
Contract assets – noncurrent costs to obtainOther long-term assets13,897 12,310 
Contract liabilities – current deferred revenue and other contract liabilitiesOther accrued expenses and current liabilities(190,400)(139,745)
Contract liabilities – noncurrent deferred revenue and other contract liabilitiesOther long-term liabilities(6,014)(4,607)
During fiscal 2025 and 2024, respectively, we recognized $122.5 million and $127.8 million of revenue that was included in a previously recorded contract liability as of the beginning of the period.