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 and intangible asset balances consisted of the following:

	As of June 30, 2025						Weighted Average Useful Life (Years)
($ in thousands)	Gross		Accumulated Amortization		Net
Intangible assets:
Brand and trade names	$	2,608	$	(2,235)	$	373	1.8
Developed technology	22,259		(15,086)		7,173		3.2
Customer relationships	28,255		(12,470)		15,785		7.9
Total intangible assets	$	53,122	$	(29,791)	$	23,331	6.3
Goodwill	$	103,222	$	—	$	103,222	Indefinite

	As of June 30, 2024						Weighted Average Useful Life
($ in thousands)	Gross		Accumulated Amortization		Net
Intangible assets:
Brand and trade names	$	2,361	$	(1,852)	$	509	1.6
Developed technology	20,062		(13,304)		6,758		3.6
Customer relationships	27,024		(9,665)		17,359		8.8
Total intangible assets	$	49,447	$	(24,821)	$	24,626	7.2
Goodwill	$	94,903	$	—	$	94,903	Indefinite

For the years ended June 30, 2025, 2024 and 2023, amortization expense related to intangible assets was $5.8 million, $5.6 million and $5.0 million, respectively.

Estimated annual amortization expense for intangible assets is as follows:

($ in thousands)	Amount
2026	$	5,680
2027	5,493
2028	3,516
2029	1,858
2030	1,158
Thereafter	5,626
	$	23,331