Investments (Tables)

12 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Schedule of Available-for-Sale Securities Reconciliation

The Company’s investments of marketable securities as of June 30, 2023, consisted of the following (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Certificates of deposit and time deposits	$	10,000	$	—	$	—	$	10,000
Total marketable securities	$	10,000	$	—	$	—	$	10,000

The Company’s investments of marketable securities as of June 30, 2022, consisted of the following (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
U.S. treasury securities	$	70,947	$	—	$	(653)	$	70,294
Certificates of deposit and time deposits	3,000		—		—		3,000
Total marketable securities	$	73,947	$	—	$	(653)	$	73,294

Investments Classified by Contractual Maturity Date

The table below summarizes the Company’s marketable securities by remaining contractual maturity based on their effective maturity dates (in thousands):

	June 30, 2023		June 30, 2022
Due in one year or less	$	10,000	$	73,294

Schedule of Strategic Investments

The Company’s investments of privately held debt securities as of June 30, 2023, consisted of the following (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Privately held debt securities	$	8,800	$	—	$	(3,350)	$	5,450

The Company’s investments of privately held debt securities as of June 30, 2022, consisted of the following (in thousands):

	Amortized Cost		Unrealized Gains		Unrealized Losses		Fair Value
Privately held debt securities	$	5,486	$	—	$	(4,218)	$	1,268

The carrying values for publicly traded and privately held equity securities as of June 30, 2023 are summarized below (in thousands):

	Publicly traded equity securities		Privately held equity securities		Total
Initial total cost	$	10,270	$	135,050	$	145,320
Cumulative net gain (loss)	9,095		(398)		$	8,697
Carrying value	$	19,365	$	134,652	$	154,017

The carrying values for publicly traded and privately held equity securities as of June 30, 2022 are summarized below (in thousands):

	Publicly traded equity securities		Privately held equity securities		Total
Initial total cost	$	10,270	$	120,300	$	130,570
Cumulative net gain	20,531		6,695		$	27,226
Carrying value	$	30,801	$	126,995	$	157,796

Unrealized Gain (Loss) on Investments

The components of gains and losses on strategic investments were as follows (in thousands):

	Fiscal Year Ended June 30,
	2023		2022		2021
Unrealized gains (losses) recognized on publicly traded equity securities	$	(11,437)	$	(79,608)	$	34,290
Unrealized gains recognized on privately held equity securities	307		6,945		—
Unrealized losses recognized on privately held equity securities including impairment	(7,642)		—		(250)
Unrealized losses on privately held debt securities	(350)		—		—
Unrealized gains (losses), net	$	(19,122)	$	(72,663)	$	34,040
Realized gains recognized on publicly traded equity securities	—		—		14,040
Realized losses on debt securities	(285)		—		—
Gains (losses) on strategic investments, net	$	(19,407)	$	(72,663)	$	48,080
Unrealized gains (losses) recognized during the reporting period on privately held equity securities still held at the reporting date	$	(6,986)	$	6,945	$	(250)

Equity Method Investments

The following table sets forth the carrying amounts of the equity method investment and the movements during fiscal year 2023 (in thousands):

	Equity Method Investment
Balance as of July 20, 2022	$	88,853
Effect of change in exchange rates	(3,417)
Balance as of June 30, 2023	$	85,436