Investments (Tables)

9 Months Ended

Mar. 31, 2025

Equity Method Investments and Joint Ventures [Abstract]

Schedule of Investments

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

Measurement category	March 31, 2025		June 30, 2024
Fair value	$	12,131	$	12,026
Measurement alternative	65,378		73,739
Equity method	68,896		65,462
Total	$	146,405	$	151,227

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, 2025
	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	3,878		—		525		4,403
Proceeds from exits of investments	(4,378)		—		—		(4,378)
Realized gains (losses) on non-marketable equity securities	389		—		—		389
Impairment of investments	(8,259)		—		—		(8,259)
Unrealized gains (losses) on marketable equity securities	—		105		—		105
Gain attributable to equity method investments	—		—		2,375		2,375
Foreign currency translation adjustments	9		—		534		543
Carrying value at the end of the period	$	65,378	$	12,131	$	68,896	$	146,405

	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 (losses) on marketable equity securities	—		9,114		—		9,114
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