Investments (Tables)

9 Months Ended

Mar. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments

Equity investments by measurement category were as follows (in thousands):

Measurement category	March 31, 2024		June 30, 2023
Fair value	$	21,537	$	12,423
Measurement alternative	77,380		68,748
Equity method	65,115		65,366
Total	$	164,032	$	146,537

Schedule of Changes in Equity Investments

The following tables show a reconciliation of the changes in our equity investments (in thousands):

	Nine Months Ended March 31, 2024
	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	68,748	$	12,423	$	65,366	$	146,537
Additions to investments	6,567		—		3,125		9,692
Observable price adjustments on non-marketable equity securities	2,315		—		—		2,315
Proceeds from exits of investments	(250)		—		—		(250)
Unrealized gains on marketable equity securities	—		9,114		—		9,114
Realized gains on marketable and non-marketable equity securities	—		—		—		—
Impairment of investments	—		—		—		—
Loss attributable to equity method investments	—		—		(2,716)		(2,716)
Foreign currency translation adjustments	—		—		(660)		(660)
Carrying value at the end of the period	$	77,380	$	21,537	$	65,115	$	164,032

	Nine Months Ended March 31, 2023
	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	39,290	$	9,167	$	9,918	$	58,375
Additions to investments	21,738		4,991		60,233		86,962
Observable price adjustments on non-marketable equity securities	12,612		—		—		12,612
Realized gains on marketable and non-marketable equity securities	3,937		—		—		3,937
Proceeds from exits of investments	(3,937)		—		—		(3,937)
Impairment of investments	(3,000)		—		—		(3,000)
Unrealized losses on marketable equity securities	—		(2,043)		—		(2,043)
Loss attributable to equity method investments	—		—		(5,037)		(5,037)
Foreign currency translation adjustments	—		—		2,583		2,583
Carrying value at the end of the period	$	70,640	$	12,115	$	67,697	$	150,452