Leases

3 Months Ended

Sep. 30, 2025

Leases [Abstract]

Leases

Leases

The Company has operating leases for current corporate offices and certain equipment. These leases have remaining terms of approximately one to six years. As of September 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.84 years and 3.24%, respectively. As of June 30, 2025, the weighted average remaining lease term and weighted average discount rate for operating leases was 5.91 years and 3.17%, respectively.

For the three months ended September 30, 2025 and 2024, operating lease expense was $0.5 million and $0.5 million, respectively. The components of lease expense for the three months ended September 30, 2025 and 2024, were as follows (in thousands):

	Three Months Ended September 30,
	2025		2024
Operating lease expense
Operating lease cost	$	438	$	470
Variable lease cost	35		41
Short-term lease costs	1		5
Total lease expense	$	474	$	516

Supplemental cash flow information related to operating leases was as follows (in thousands):

	Three Months Ended September 30,
	2025		2024
Operating cash outflows from operating leases	$	546	$	530

Maturity of lease liabilities at September 30, 2025 are as follows (in thousands):

Year ended June 30,	Amount
2026 (remaining nine months ending June 30, 2026)	$	1,656
2027	2,182
2028	2,064
2029	1,772
2030	1,817
Thereafter	2,805
Total	12,296
Less: imputed interest	(1,105)
Present value of lease liabilities	$	11,191