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REVENUES
 9 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Based on similar operational characteristics, the Company's revenues are disaggregated as follows:
Three months ended
March 31,		Nine months ended
March 31,
($ in thousands)2025202420252024
Transaction fees$44,028 $40,034 $132,022 $114,956 
Subscription fees21,151 19,173 62,034 55,415 
Subscription and transaction fees65,179 59,207 194,056 170,371 
Equipment sales10,248 8,690 25,929 25,568 
Total revenues$75,427 $67,897 $219,985 $195,939 

A portion of the Company’s revenues relate to rental lease arrangements. The Company leases equipment to customers under the Cantaloupe One program which is accounted for as operating leases in accordance with ASC 842. Lease revenue is recognized on a straight-line basis over the term of the lease and is included in Subscription and transaction fees in the Consolidated Statement of Operations and Subscription fees in the table above. As described in Note 4 - Finance Receivables, the Company leases equipment under sales-type finance leases in accordance with ASC 842.

The Company's revenues earned under ASC Topic 842 are as follows:
Three months ended
March 31,		Nine months ended
March 31,
($ in thousands)2025202420252024
Operating leases
$2,262 $2,056 $6,769 $6,081 
Sales-type leases237 884 1,172 1,995 
Total lease revenues
$2,499 $2,940 $7,941 $8,076 

Operating leases are included in Subscription and transaction fees in the Consolidated Statement of Operations and Subscription fees in the disaggregated revenue table above. Sales-type finance leases are included in Equipment sales in the Consolidated Statement of Operations and in the disaggregated revenue table above.

Contract Assets
Contract assets represent revenues earned from customers that are not yet billable to customers, generally due to the timing of when equipment and services are delivered to customers on bundled contracts, or as a result of contract costs as described below. Contract assets that will be billed within the next 12 months are included in Prepaid expenses and other current assets and all others are included in Other assets on the Condensed Consolidated Balance Sheets. Contract assets were $2.2 million and $2.6 million, as of March 31, 2025 and June 30, 2024.

Contract Liabilities

The change in the contract liability balances, presented as Deferred revenue on the Condensed Consolidated Balance Sheets, is primarily the result of timing difference between the Company’s satisfaction of a performance obligation and payment from the customer.
The Company's contract liability (i.e., deferred revenue) balances are as follows:
Three months ended
March 31,
($ in thousands)20252024
Deferred revenue, beginning of the period$1,356 $1,788 
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period(123)(268)
Additions (reversals)813 373 
Deferred revenue, end of the period$2,046 $1,893 
Nine months ended
March 31,
($ in thousands)20252024
Deferred revenue, beginning of the period$1,726 $1,666 
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period(659)(475)
Additions979 702 
Deferred revenue, end of the period$2,046 $1,893 

Lessor Operating Lease Payment Receipts

The Company will recognize revenue in future periods related to remaining performance obligations for certain open contracts. Generally, these contracts have terms of one year or less. The amount of revenue related to unsatisfied performance obligations in which the original duration of the contract is greater than one year are primarily associated with the Company's Cantaloupe ONE rental program which has a contractual term of 36 months. The following table reflects the estimated fees to be recognized in the future related to performance obligations that are unsatisfied as of March 31, 2025:
($ in thousands)As of March 31, 2025
Remainder of fiscal year 2025$1,506 
20264,254 
20271,627 
2028290 
     Total$7,677 

Contract Costs

The Company had net capitalized costs to obtain contracts of $1.0 million and $0.9 million included in Prepaid expenses and other current assets and $2.6 million and $2.4 million included in Other noncurrent assets on the Condensed Consolidated Balance Sheets as of March 31, 2025 and June 30, 2024, respectively. None of these capitalized contract costs were impaired.

During the three and nine months ended March 31, 2025, amortization of capitalized contract costs was $0.2 million and $0.7 million, respectively. During the three and nine months ended March 31, 2024, amortization of capitalized contract costs was $0.2 million and $0.7 million, respectively. Amortization of costs to obtain a contract are included within Sales and marketing expenses within the Condensed Consolidated Statement of Operations.