Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

GOODWILL AND INTANGIBLE ASSETS

Goodwill

Goodwill, which is primarily attributable to expected synergies from acquisitions and is not deductible for U.S. federal and state income tax purposes, consisted of $2.4 billion as of each of June 30, 2025 and 2024.

Intangible Assets

Intangible assets consisted of the following as of the dates presented (amounts in thousands):

	June 30, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted average remaining useful life (In years)
Customer relationships	$	259,268	$	(104,336)	$	154,932	6.0
Developed technology	219,217		(151,344)		67,873		1.9
Trade name	48,042		(48,042)		—		0.0
Total	$	526,527	$	(303,722)	$	222,805

	Jun 30, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted average remaining useful life (In years)
Customer relationships	$	259,269	$	(78,410)	$	180,859	7.0
Developed technology	215,958		(116,126)		99,832		2.9
Trade name	48,042		(47,262)		780		0.2
Total	$	523,269	$	(241,798)	$	281,471

Amortization of finite-lived intangible assets was as follows during the years ended June 30, 2025 and 2024 (in thousands):

	June 30,
	2025		2024
Cost of revenue	$	35,217	$	38,948
Sales and marketing	26,708		41,008
Total	$	61,925	$	79,956

As of June 30, 2025, future amortization of finite-lived intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands):

Fiscal years ending June 30:	Amount
2026	$	60,660
2027	57,990
2028	27,004
2029	25,927
2030	25,927
Thereafter	25,297
Total	$	222,805