Stock-Based Compensation (Tables)

3 Months Ended

Sep. 30, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Assumptions of Grant Date Fair Value

The following table summarizes the assumptions used to calculate the grant date fair value of the Tranche 3 RSUs

granted on August 6, 2024:

Expected term for performance period (in years)	4.9
Expected volatility	74.6%
Risk-free interest rate	3.7%

Schedule of Stock-Based Compensation Costs Recognized

The following table presents the stock-based compensation costs recognized related to our RSUs for the three months

ended September 30, 2025 (in thousands, expect remaining contractual term):

	Three months ended September 30, 2025
	Stock-Based Compensation Cost Incurred	Remaining costs to recognize, if all vesting conditions are met	Weighted average remaining contractual term (in years)
IPO Awards (Tranche 1)	$560	$3,798	1.76
IPO Awards (Tranche 2)	185	1,244	1.76
IPO Awards (Tranche 3)	339	2,308	1.76
Retention Awards - Granted FY25	199	178	0.25
Retention Awards - Granted FY26	42	456	2.76
Less: Forfeitures	(1,354)	—
Total Cost Incurred	$(28)	$7,984
Total Stock Compensation Costs Capitalized	$579
Total Stock Compensation Costs Expensed	(607)
Total Cost Incurred	$(28)