LEASES

9 Months Ended

Mar. 31, 2025

Leases [Abstract]

LEASES

LEASES

Lessee Accounting

We have operating leases which are real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	March 31, 2025		June 30, 2024
Assets:
Non-current	Operating lease right-of-use assets	$	7,622	$	7,986
Liabilities:
Current	Accrued expenses	$	1,449	$	1,320
Long-term	Other noncurrent liabilities	8,261		8,457
Total lease liabilities		$	9,710	$	9,777

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Nine months ended March 31,
	2025		2024
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,652	$	1,827
Non-cash activity:
Right-of-use assets obtained in exchange for new lease obligations	$	532	$	6,657

Maturities of lease liabilities by fiscal year for our leases as of March 31, 2025 are as follows:

($ in thousands)	Operating Leases
Remainder of fiscal year 2025	$	431
2026	2,413
2027	1,961
2028	1,455
2029	1,490
Thereafter	5,720
Total lease payments	13,470
Less: Imputed interest	(3,760)
Present value of lease liabilities	$	9,710

Lessor Accounting

Property and equipment used for the Cantaloupe One operating lease rental program consisted of the following:

($ in thousands)	March 31, 2025		June 30, 2024
Cost	$	33,127	$	32,513
Accumulated depreciation	(26,232)		(24,742)
Net	$	6,895	$	7,771

For the three months ended March 31, 2025 and 2024, the Company recognized $2.3 million and $2.1 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

For the nine months ended March 31, 2025 and 2024, the Company recognized $6.8 million and $6.1 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of March 31, 2025 are disclosed within Note 4 - Finance Receivables.

LEASES

LEASES

Lessee Accounting

We have operating leases which are real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	March 31, 2025		June 30, 2024
Assets:
Non-current	Operating lease right-of-use assets	$	7,622	$	7,986
Liabilities:
Current	Accrued expenses	$	1,449	$	1,320
Long-term	Other noncurrent liabilities	8,261		8,457
Total lease liabilities		$	9,710	$	9,777

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Nine months ended March 31,
	2025		2024
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,652	$	1,827
Non-cash activity:
Right-of-use assets obtained in exchange for new lease obligations	$	532	$	6,657

Maturities of lease liabilities by fiscal year for our leases as of March 31, 2025 are as follows:

($ in thousands)	Operating Leases
Remainder of fiscal year 2025	$	431
2026	2,413
2027	1,961
2028	1,455
2029	1,490
Thereafter	5,720
Total lease payments	13,470
Less: Imputed interest	(3,760)
Present value of lease liabilities	$	9,710

Lessor Accounting

Property and equipment used for the Cantaloupe One operating lease rental program consisted of the following:

($ in thousands)	March 31, 2025		June 30, 2024
Cost	$	33,127	$	32,513
Accumulated depreciation	(26,232)		(24,742)
Net	$	6,895	$	7,771

For the three months ended March 31, 2025 and 2024, the Company recognized $2.3 million and $2.1 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

For the nine months ended March 31, 2025 and 2024, the Company recognized $6.8 million and $6.1 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of March 31, 2025 are disclosed within Note 4 - Finance Receivables.

LEASES

LEASES

Lessee Accounting

We have operating leases which are real estate leases used for corporate functions, product development, sales, and other purposes. The following table provides supplemental balance sheet information related to the Company's operating leases:

($ in thousands)	Balance Sheet Classification	March 31, 2025		June 30, 2024
Assets:
Non-current	Operating lease right-of-use assets	$	7,622	$	7,986
Liabilities:
Current	Accrued expenses	$	1,449	$	1,320
Long-term	Other noncurrent liabilities	8,261		8,457
Total lease liabilities		$	9,710	$	9,777

Supplemental cash flow information and non-cash activity related to our leases are as follows:

($ in thousands)	Nine months ended March 31,
	2025		2024
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$	1,652	$	1,827
Non-cash activity:
Right-of-use assets obtained in exchange for new lease obligations	$	532	$	6,657

Maturities of lease liabilities by fiscal year for our leases as of March 31, 2025 are as follows:

($ in thousands)	Operating Leases
Remainder of fiscal year 2025	$	431
2026	2,413
2027	1,961
2028	1,455
2029	1,490
Thereafter	5,720
Total lease payments	13,470
Less: Imputed interest	(3,760)
Present value of lease liabilities	$	9,710

Lessor Accounting

Property and equipment used for the Cantaloupe One operating lease rental program consisted of the following:

($ in thousands)	March 31, 2025		June 30, 2024
Cost	$	33,127	$	32,513
Accumulated depreciation	(26,232)		(24,742)
Net	$	6,895	$	7,771

For the three months ended March 31, 2025 and 2024, the Company recognized $2.3 million and $2.1 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

For the nine months ended March 31, 2025 and 2024, the Company recognized $6.8 million and $6.1 million of revenue from its device rental program, respectively, which is included in the Subscription and Transaction fees on its Condensed Consolidated Statements of Operations.

The Company’s net investment in sales-type leases (carrying value of lease receivables) and the future minimum amounts to be collected on these lease receivables as of March 31, 2025 are disclosed within Note 4 - Finance Receivables.