Investments (Tables)

6 Months Ended

Dec. 31, 2024

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments

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

Measurement category	December 31, 2024		June 30, 2024
Fair value	$	14,777	$	12,026
Measurement alternative	66,455		73,739
Equity method	65,737		65,462
Total	$	146,969	$	151,227

Schedule of Changes in Equity Investments

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

	Six Months Ended December 31, 2024
	Non-marketable securities		Marketable securities		Equity method investments		Total
Balance at the beginning of the period	$	73,739	$	12,026	$	65,462	$	151,227
Additions to investments	2,000		—		350		2,350
Proceeds from exits of investments	(4,378)		—		—		(4,378)
Realized gains on marketable and non-marketable equity securities	389		—		—		389
Impairment of investments	(5,259)		—		—		(5,259)
Unrealized gains on marketable equity securities	—		2,751		—		2,751
Gain attributable to equity method investments	—		—		2,040		2,040
Foreign currency translation adjustments	(36)		—		(2,115)		(2,151)
Carrying value at the end of the period	$	66,455	$	14,777	$	65,737	$	146,969

	Six Months Ended December 31, 2023
	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	4,180		—		3,125		7,305
Observable price adjustments on non-marketable equity securities	2,315		—		—		2,315
Proceeds from exits of investments	(250)		—		—		(250)
Unrealized losses on marketable equity securities	—		(4,806)		—		(4,806)
Loss attributable to equity method investments	—		—		(3,156)		(3,156)
Foreign currency translation adjustments	—		—		753		753
Carrying value at the end of the period	$	74,993	$	7,617	$	66,088	$	148,698