Intapp (INTA) 10-Q 9 May 23 2023 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Mar. 31, 2023	Apr. 30, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Entity Registrant Name	Intapp, Inc.
Entity Central Index Key	0001565687
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		65,400,614
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	INTA
Security Exchange Name	NASDAQ
Entity File Number	001-40550
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1467620
Entity Address, Address Line One	3101 Park Blvd
Entity Address, City or Town	Palo Alto
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94306
City Area Code	650
Local Phone Number	852-0400
Document Quarterly Report	true
Document Transition Report	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 53,159	$ 50,783
Restricted cash	807	3,528
Accounts receivable, net of allowance for doubtful accounts of $1,734 and $918 as of March 31, 2023 and June 30, 2022, respectively	68,397	66,947
Unbilled receivables, net	12,642	6,763
Other receivables, net	1,158	3,199
Prepaid expenses	8,637	5,984
Deferred commissions, current	11,240	10,187
Total current assets	156,040	147,391
Property and equipment, net	15,495	12,283
Operating lease right-of-use assets	15,784	0
Goodwill	270,043	269,103
Intangible assets, net	40,338	48,430
Deferred commissions, noncurrent	15,818	14,755
Other assets	1,828	2,451
Total assets	515,346	494,413
Current liabilities:
Accounts payable	4,697	4,220
Accrued compensation	33,824	40,004
Accrued expenses	9,749	8,774
Deferred revenue, net	165,885	142,768
Other current liabilities	13,095	27,753
Total current liabilities	227,250	223,519
Deferred tax liabilities	1,647	2,099
Deferred revenue, noncurrent	1,852	2,712
Operating lease liabilities, noncurrent	16,172	0
Other liabilities	3,530	10,201
Total liabilities	250,451	238,531
Commitments and contingencies (Note 8)
Stockholders’ equity (deficit)
Preferred stock, $0.001 par value per share, 50,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value per share, 700,000 shares authorized; 65,221 and 62,739 shares issued and outstanding as of March 31, 2023 and June 30, 2022, respectively	65	63
Additional paid-in capital	710,040	643,227
Accumulated other comprehensive loss	(1,519)	(1,672)
Accumulated deficit	(443,691)	(385,736)
Total stockholders’ equity (deficit)	264,895	255,882
Total liabilities, convertible preferred stock and stockholders’ equity (deficit)	$ 515,346	$ 494,413

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Allowance for doubtful accounts	$ 1,734	$ 918
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	700,000,000	700,000,000
Common stock, shares issued	65,221,000	62,739,000
Common stock, shares outstanding	65,221,000	62,739,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Revenues
Total revenues	$ 92,024	$ 69,663	$ 256,254	$ 196,550
Cost of revenues
Total cost of revenues	28,490	26,000	80,609	71,929
Gross profit	63,534	43,663	175,645	124,621
Operating expenses:
Research and development	25,281	20,425	68,352	54,781
Sales and marketing	34,946	28,759	99,796	81,244
General and administrative	21,552	23,175	62,715	65,222
Lease modification and impairment	0	0	1,601	0
Total operating expenses	81,779	72,359	232,464	201,247
Operating loss	(18,245)	(28,696)	(56,819)	(76,626)
Loss on debt extinguishment	0	0	0	(2,407)
Interest expense	(39)	(39)	(117)	(236)
Other income (expense), net	(214)	(272)	(719)	188
Net loss before income taxes	(18,498)	(29,007)	(57,655)	(79,081)
Income tax benefit (expense)	351	271	(300)	990
Net loss	$ (18,147)	$ (28,736)	$ (57,955)	$ (78,091)
Net loss per share attributable to common stockholders, basic	$ (0.28)	$ (0.47)	$ (0.91)	$ (1.28)
Net loss per share attributable to common stockholders, diluted	$ (0.28)	$ (0.47)	$ (0.91)	$ (1.28)
Weighted-average shares used to compute net loss per share, basic	64,327	61,564	63,487	60,868
Weighted-average shares used to compute net loss per share , diluted	64,327	61,564	63,487	60,868
Recurring Revenue
Revenues
Total revenues	$ 79,628	$ 60,712	$ 221,273	$ 171,078
Cost of revenues
Total cost of revenues	13,644	13,490	38,498	37,007
SaaS and Support
Revenues
Total revenues	66,051	49,808	184,469	140,267
Cost of revenues
Total cost of revenues	13,644	13,490	38,498	37,007
Subscription License
Revenues
Total revenues	13,577	10,904	36,804	30,811
Professional Services
Revenues
Total revenues	12,396	8,951	34,981	25,472
Cost of revenues
Total cost of revenues	$ 14,846	$ 12,510	$ 42,111	$ 34,922

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (18,147)	$ (28,736)	$ (57,955)	$ (78,091)
Other comprehensive income (loss):
Foreign currency translation adjustments	180	(265)	153	(502)
Other comprehensive income (loss)	180	(265)	153	(502)
Comprehensive loss	$ (17,967)	$ (29,001)	$ (57,802)	$ (78,593)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) - USD ($) shares in Thousands, $ in Thousands	Total	Initial Public Offering	Convertible Preferred Stock	Common Stock	Common Stock Initial Public Offering	Additional Paid-in Capital	Additional Paid-in Capital Initial Public Offering	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning Balance at Jun. 30, 2021	$ (157,580)			$ 29		$ 128,943		$ (494)	$ (286,058)
Beginning Balance, shares at Jun. 30, 2021			19,034
Beginning Balance at Jun. 30, 2021			$ 144,148
Beginning Balance, shares at Jun. 30, 2021				29,445
Conversion of convertible preferred stock to common stock upon initial public offering	144,148			$ 19		144,129
Conversion of convertible preferred stock to common stock upon initial public offering, shares			(19,034)
Conversion of convertible preferred stock to common stock upon initial public offering			$ (144,148)
Conversion of convertible preferred stock to common stock upon initial public offering, shares				19,034
Issuance of common stock, net of offering costs / issuance costs		$ 282,991			$ 12		$ 282,979
Issuance of common stock, net of offering costs / issuance costs, shares					12,075
Issuance of common stock upon exercise of stock options	8,070			$ 2		8,068
Issuance of common stock upon exercise of stock options, shares				1,304
Vesting of performance stock units and restricted stock units, net of shares withheld for taxes	(3,924)					(3,924)
Vesting of performance stock and restricted stock units, net of shares withheld for taxes, shares				293
Stock-based compensation	62,295					62,295
Foreign currency translation adjustments	(502)							(502)
Net loss	(78,091)								(78,091)
Ending Balance at Mar. 31, 2022	257,407			$ 62		622,490		(996)	(364,149)
Ending Balance, shares at Mar. 31, 2022				62,151
Beginning Balance at Dec. 31, 2021	263,318			$ 61		599,401		(731)	(335,413)
Beginning Balance, shares at Dec. 31, 2021				61,149
Issuance of common stock upon exercise of stock options	4,187			$ 1		4,186
Issuance of common stock upon exercise of stock options, shares				709
Vesting of performance stock units and restricted stock units, net of shares withheld for taxes	(3,924)					(3,924)
Vesting of performance stock and restricted stock units, net of shares withheld for taxes, shares				293
Stock-based compensation	22,827					22,827
Foreign currency translation adjustments	(265)							(265)
Net loss	(28,736)								(28,736)
Ending Balance at Mar. 31, 2022	257,407			$ 62		622,490		(996)	(364,149)
Ending Balance, shares at Mar. 31, 2022				62,151
Beginning Balance at Jun. 30, 2022	255,882			$ 63		643,227		(1,672)	(385,736)
Beginning Balance, shares at Jun. 30, 2022				62,739
Issuance of common stock upon exercise of stock options	$ 15,727			$ 2		15,725
Issuance of common stock upon exercise of stock options, shares	1,531			1,531
Vesting of performance stock units and restricted stock units, net of shares withheld for taxes	$ (4,948)					(4,948)
Vesting of performance stock and restricted stock units, net of shares withheld for taxes, shares				885
Issuance of common stock under employee stock purchase plan	1,241					1,241
Issuance of common stock under employee stock purchase plan, Shares				66
Stock-based compensation	54,795					54,795
Foreign currency translation adjustments	153							153
Net loss	(57,955)								(57,955)
Ending Balance at Mar. 31, 2023	264,895			$ 65		710,040		(1,519)	(443,691)
Ending Balance, shares at Mar. 31, 2023				65,221
Beginning Balance at Dec. 31, 2022	252,856			$ 64		680,035		(1,699)	(425,544)
Beginning Balance, shares at Dec. 31, 2022				63,651
Issuance of common stock upon exercise of stock options	11,247			$ 1		11,246
Issuance of common stock upon exercise of stock options, shares				1,108
Vesting of performance stock and restricted stock units, net of shares withheld for taxes, shares				462
Stock-based compensation	18,759					18,759
Foreign currency translation adjustments	180							180
Net loss	(18,147)								(18,147)
Ending Balance at Mar. 31, 2023	$ 264,895			$ 65		$ 710,040		$ (1,519)	$ (443,691)
Ending Balance, shares at Mar. 31, 2023				65,221

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CONVERTIBLE PREFERRED STOCK AND STOCKHOLDERS' EQUITY (DEFICIT) (Parenthetical) $ in Thousands	9 Months Ended
	Mar. 31, 2022 USD ($)
Initial Public Offering
Offering costs / Issuance costs	$ 9,767

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities:
Net loss	$ (57,955)	$ (78,091)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	11,406	12,510
Amortization of deferred financing costs	115	75
Amortization of operating lease right-of-use assets	3,510	0
Provision for doubtful accounts	1,402	804
Stock-based compensation	54,795	62,295
Lease modification and impairment	1,601	0
Loss on debt extinguishment	0	2,407
Change in fair value of contingent consideration, including unrealized foreign exchange gain	(873)	(364)
Payment of contingent consideration in excess of acquisition date fair value	0	(279)
Deferred income taxes	(452)	(1,084)
Other	0	32
Changes in operating assets and liabilities:
Accounts receivable	(2,370)	557
Unbilled receivables, current	(5,879)	(1,694)
Prepaid expenses and other assets	214	782
Deferred commissions	(2,116)	(3,962)
Accounts payable and accrued liabilities	(5,472)	(2,108)
Deferred revenue, net	22,257	13,525
Operating lease liabilities	(4,594)	0
Other liabilities	1,245	(5,051)
Net cash provided by operating activities	16,834	4,570
Cash Flows from Investing Activities:
Purchases of property and equipment	(2,054)	(281)
Capitalized internal-use software costs	(3,876)	(3,052)
Investment in note receivable	(500)	0
Net cash used in investing activities	(6,430)	(3,333)
Cash Flows from Financing Activities:
Payments on borrowings	0	(278,000)
Proceeds from initial public offering, net of underwriting discounts	0	292,758
Payments for deferred offering costs	(57)	(4,358)
Proceeds from stock option exercises	15,727	8,070
Proceeds from employee stock purchase plan	1,241	0
Payments related to tax withholding for vested equity awards	(4,948)	(3,913)
Payments of deferred contingent consideration and holdback associated with acquisitions	(22,290)	(10,435)
Payment of deferred financing costs	0	(769)
Net cash provided by (used in) financing activities	(10,327)	3,353
Effect of foreign currency exchange rate changes on cash and cash equivalents	(422)	160
Net increase (decrease) in cash, cash equivalents and restricted cash	(345)	4,750
Cash, cash equivalents and restricted cash - beginning of period	54,311	41,463
Cash, cash equivalents and restricted cash - end of period	53,966	46,213
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	53,159	42,685
Restricted cash	807	3,528
Total cash, cash equivalents and restricted cash	53,966	46,213
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	2	5,950
Cash paid for income taxes	1,570	437
Non-cash investing and financing activities:
Purchases of property and equipment in accounts payable and accrued liabilities	186	36
Capitalized internal-use software costs in accounts payable and accrued liabilities	412	0
Deferred offering costs in accounts payable and accrued liabilities	11	0
Conversion of convertible preferred stock to common stock upon initial public offering	$ 0	$ 144,148

Description of Business

Description of Business	9 Months Ended
	Mar. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Note 1. Description of Business Intapp, Inc. (“Intapp” or the “Company”), formerly known as LegalApp Holdings, Inc., was incorporated in Delaware on November 27, 2012 to facilitate the acquisition of Integration Appliance, Inc., which became a wholly owned subsidiary of Intapp, Inc. on December 21, 2012. LegalApp Holdings, Inc. changed its name to Intapp, Inc. in February 2021. Intapp has no significant assets or operations other than the ownership of Integration Appliance, Inc. The Company is a leading provider of industry-specific, cloud-based software solutions for the global professional and financial services industry. The Company empowers private capital, investment banking, legal, accounting, and consulting firms with the technology they need to meet rapidly changing client, investor, and regulatory requirements, deliver the right insights to the right professionals, replace legacy systems, and operate more competitively. The Company serves clients primarily in the United States, United Kingdom and Australian markets. References to “the Company,” “us,” “we,” or “our” in these unaudited condensed consolidated financial statements refer to the consolidated operations of Intapp and its consolidated subsidiaries. Initial Public Offering On July 2, 2021, the Company completed its initial public offering (“IPO”), in which it sold 10,500,000 shares of common stock at a public offering price of $ 26.00 per share for net proceeds of $ 244.8 million after deducting underwriting discounts of $ 18.4 million and offering costs of $ 9.8 million. Upon the closing of the IPO, all outstanding shares of Series A and Series A-1 convertible preferred stock automatically converted into 19,034,437 shares of common stock on a one-for-one basis. On July 8, 2021, the underwriters of the Company’s IPO exercised in full their right to purchase an additional 1,575,000 shares of common stock at the public offering price of $ 26.00 per share, resulting in additional net proceeds of $ 38.2 million after deducting underwriting discounts of $ 2.8 million.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Summary of Accounting Policies	Note 2. Summary of Significant Accounting Policies Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 filed with the SEC on September 9, 2022. The unaudited condensed consolidated financial statements include accounts of the Company and its consolidated subsidiaries, after eliminating all inter-company transactions and balances. The interim unaudited condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal and recurring adjustments, necessary to state fairly the Company’s financial condition, its operations and cash flows for the periods presented. The historical results are not necessarily indicative of future results, and the results of operations for the three and nine months ended March 31, 2023 are not necessarily indicative of the results to be expected for the full year or any other period. Use of Estimates The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the unaudited condensed consolidated financial statements and accompanying notes. Those estimates and assumptions include, but are not limited to, revenue recognition including determination of the standalone selling price (“SSP”) of the deliverables included in multiple deliverable revenue arrangements; allowance for doubtful accounts; the depreciable lives of long-lived assets including intangible assets; the expected useful life of deferred commissions; the fair value of stock-based awards; the fair value of assets acquired and liabilities assumed in business combinations; goodwill and long-lived assets impairment assessment; the fair value of contingent consideration liabilities; the incremental borrowing rate used to determine the operating lease liabilities; valuation allowances on deferred tax assets; uncertain tax positions; and loss contingencies. The Company evaluates estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates, and those differences could be material to the unaudited condensed consolidated financial statements. Significant Accounting Policies The Company’s significant accounting policies are described in Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Except for the accounting policy for leases, which was updated as a result of adopting a new accounting standard, there have been no material changes to the significant accounting policies during the three and nine months ended March 31, 2023. See “Recently Adopted Accounting Pronouncements” below for additional information on the impact of the adoption of the new accounting standard for leases on the Company’s condensed consolidated financial statements. Revenue Recognition The Company’s revenues are derived from contracts with our clients. The majority of the Company’s revenues are derived from the sale of our software as a service (“SaaS”) solutions and subscriptions to our term software applications, including support services, as well as the provision of professional services for the implementation of our solutions. The Company accounts for revenues in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), which the Company adopted on July 1, 2020 using the full retrospective method of adoption. The core principle of ASC 606 is to recognize revenues upon the transfer of control of services or products to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company applies the following framework to recognize revenues: Identification of the contract, or contracts, with our clients The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts under ASC 606. The Company determines it has a contract with a client when the contract is approved, each party’s rights regarding the services and products to be transferred can be identified, payment terms for the services and products can be identified, the client has the ability and intent to pay, and the contract has commercial substance. The Company evaluates whether two or more contracts entered within close proximity with one another should be combined and accounted for as a single contract. The Company also evaluates the client’s ability and intent to pay, which is based on a variety of factors, including the client’s historical payment experience or, in the case of a new client, credit and financial information pertaining to the client. Identification of the performance obligation in the contract Performance obligations promised in a contract are identified based on the services or products that will be transferred to the client that are both: i. capable of being distinct, whereby the client can benefit from the service or product either on its own or together with other resources that are readily available from the Company or third parties, and ii. distinct in the context of the contract, whereby the transfer of the services or products is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are accounted for as a combined performance obligation. The Company derives its revenues primarily from the following four sources, which represent the performance obligations of the Company: i. Sales of SaaS under subscription arrangements : revenue derived from subscriptions to our SaaS solutions; ii. Sales of subscriptions to our licenses: software revenues derived from the sale of term licenses to clients; iii. Support activities: support activities that consist of email and phone support, bug fixes, and rights to unspecified software updates and upgrades released on a when, and if, available basis during the support term; and iv. Sales of professional services: services related to the implementation and configuration of the Company’s SaaS offerings and software licenses. SaaS and subscription licenses are generally sold as annual or multi-year initial terms with automatic annual renewal provisions on expiration of the initial term. Support for subscription licenses follows the same contract periods as the initial or renewal term. Professional services related to implementation and configuration activities are typically time and materials contracts. Determination of the transaction price The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the client. Variable consideration is estimated and included in the transaction price if, in the Company’s judgment, it is probable that no significant future reversal of cumulative revenues under the contract will occur. In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined that contracts generally do not include a significant financing component. The primary purpose of the Company’s invoicing terms is to provide clients with simplified and predictable ways of purchasing the Company’s products and services, not to receive financing from clients or to provide clients with financing. Allocation of the transaction price to the performance obligations in the contract If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its relative SSP. The majority of the Company’s contracts contain multiple performance obligations, such as when subscription licenses are sold with support and professional services. Some of the Company’s performance obligations have observable inputs that are used to determine the SSP of those distinct performance obligations. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs. Recognition of revenues when, or as, the Company satisfies a performance obligation The Company recognizes revenues as control of the services or products is transferred to a client, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time. The Company records revenues net of applicable sales taxes collected. Sales taxes collected from clients are recorded in other current liabilities in the accompanying unaudited condensed consolidated balance sheets and are remitted to state and local taxing jurisdictions based on the filing requirements of each jurisdiction. Performance obligations satisfied at a point in time Subscription licenses The Company has concluded that its sale of term licenses to clients (“subscription licenses”) provides the client with the right to functional intellectual property (“IP”) and are distinct performance obligations from which the client can benefit on a stand-alone basis. The transaction price allocated to subscription license arrangements is recognized as revenues at a point in time when control is transferred to the client, which generally occurs at the time of delivery or upon commencement of the renewal term. Subscription license fees are generally payable in advance on an annual basis over the term of the license arrangement, which is typically noncancelable. Performance obligations satisfied over a period of time SaaS and support as well as professional services arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time. SaaS and support The transaction price allocated to SaaS subscription arrangements is recognized as revenues over time throughout the term of the contract as the services are provided on a continuous basis, beginning after the SaaS environment is provisioned and made available to clients. The Company’s SaaS subscriptions are generally one to three years in duration, with the majority being one year . Consideration from SaaS arrangements is typically billed in advance on an annual basis. The Company’s subscription license sales include noncancelable support which entitle clients to receive technical support and software updates, on a when and if available basis, during the term of the subscription license agreement. Technical support and software updates are considered distinct from the related subscription licenses but accounted for as a single stand ready performance obligation as they each constitute a series of distinct services that are substantially the same and have the same pattern of transfer to the client. The transaction price allocated to support is recognized as revenue over time on a straight-line basis over the term of the support contract which corresponds to the underlying subscription license agreement. Consideration for support services is typically billed in advance on an annual basis. In some instances, the client may purchase premium support services which are generally priced as a percentage of the associated subscription license. Professional services The Company’s professional services revenues are primarily comprised of implementation, configuration and upgrade services. The Company has determined that professional services provided to clients represent distinct performance obligations. These services may be provided on a stand-alone basis or bundled with other performance obligations, including SaaS arrangements, subscription licenses, and support services. The transaction price allocated to these performance obligations is recognized as revenue over time as the services are performed. The professional services engagements are billed to clients on a time and materials basis and are recognized as invoiced. In instances where professional services arrangements are sold on a fixed price basis, revenues are recognized over time using an input measure of time incurred to date relative to total estimated time to be incurred at project completion. Professional services arrangements sold on a time and materials basis are generally invoiced monthly in arrears and those sold on a fixed fee basis are invoiced upon the achievement of project milestones. The Company records reimbursable out-of-pocket expenses associated with professional services contracts in both revenues and cost of revenues. Contract Modifications Contracts may be modified to account for changes in contract scope or price. The Company considers contract modifications to exist when the modification either creates new rights or obligations or changes the existing enforceable rights and obligations of either party. Contract modifications are accounted for prospectively when it results in the promise to deliver additional products and services that are distinct and contract price does not increase by an amount that reflects standalone selling price for the new goods or services. Balance Sheet Presentation Contracts with our clients are reflected in the consolidated balance sheets as follows: • Accounts receivable, net represents amounts billed to clients in accordance with contract terms for which payment has not yet been received. It is presented net of the allowance for doubtful accounts as part of current assets in the consolidated balance sheets. • Unbilled receivables, net represents amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This generally occurs in multi-year subscription license arrangements where control of the software license is transferred at the inception of the contract, but the client is invoiced annually in advance over the term of the license. Unbilled receivables are presented net of the allowance for doubtful accounts, if applicable, in the consolidated balance sheets with the long-term portion included in other assets. Under ASC 606, these balances represent contract assets. • Contract costs consist principally of client acquisition costs (sales commissions). The Company classifies deferred commissions as current or non-current on our consolidated balance sheets based on the timing of when the Company expects to recognize the expense. • Deferred revenue, net represents amounts that have been invoiced to the client for which the Company has the right to invoice, but that have not been recognized as revenues because the related products or services have not been transferred to the client. Deferred revenue that will be realized within twelve months of the balance sheet date is classified as current. The remaining deferred revenue is presented as non-current. Under ASC 606, these balances represent contract liabilities. The Company may receive consideration from its clients in advance of performance on a portion of the contract and, on another portion of the contract, perform in advance of receiving consideration. Contract assets and liabilities related to rights and obligations in a contract are interdependent. Therefore, contract assets and liabilities are presented net at the contract level, as either a single contract asset or a single contract liability, in the consolidated balance sheets. Concentrations of Credit Risk and Significant Clients Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. The Company maintains its cash with multiple high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions to the extent that such amounts recorded on the balance sheet are in excess of amounts that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any such losses. No client individually accounted for 10% or more of the Company’s revenues for any of the three and nine months ended March 31, 2023 and 2022. As of March 31, 2023 , no client individually accounted for 10% or more of the Company’s total accounts receivable. As of June 30, 2022, one client individually accounted for 20 % of the Company’s total accounts receivable. Leases The Company leases its office space under non-cancelable operating lease agreements with expiration dates through 2030 . The Company determines whether an arrangement constitutes a lease and records lease liabilities and right-of-use (ROU) assets on its unaudited condensed consolidated balance sheets at the lease commencement date. Lease liabilities are measured based on the present value of the total lease payments not yet paid, discounted based on either the rate implicit in the lease or the Company's incremental borrowing rate, whichever is more readily determinable. Lease liabilities due within 12 months are included within other current liabilities on the Company's unaudited condensed consolidated balance sheets. The incremental borrowing rate is based on an estimate of the Company's expected senior unsecured borrowing rate based on synthetic credit rating, adjusted for collateralization. ROU assets are measured based on the corresponding lease liability adjusted for (i) payments made to the lessor at or before the lease commencement date, (ii) initial direct costs incurred, and (iii) tenant incentives received, incurred or payable under the lease. Recognition of rent expense begins when the lessor makes the underlying asset available to the Company. The Company does not assume renewals or early terminations of its leases unless it is reasonably certain to exercise these options at commencement and does not allocate consideration between lease and non-lease components. For short-term leases, the Company records rent expense in its unaudited condensed consolidated statements of operations on a straight-line basis over the lease term and records variable lease payments as incurred. ROU assets are evaluated for impairment whenever events or changes in the circumstances indicate that the carrying amount may not be recoverable. Recent Accounting Pronouncements The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it is (i) no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the consolidated financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates. The JOBS Act does not preclude an emerging growth company from early adopting new or revised accounting standards. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (ASC 842) . The guidance requires lessees to put most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The guidance states that a lessee would recognize a lease liability for the obligation to make lease payments and a ROU asset for the right to use the underlying asset for the lease term. The Company adopted this guidance on July 1, 2022 using the optional transition method under the modified retrospective approach under which the results for the comparative prior periods were not restated. The Company elected the package of transitional practical expedients, which allows the Company not to reassess under the new guidance our prior conclusions about lease identification, lease classification and initial direct costs, for any existing leases on the adoption date. The Company elected to combine the lease and non-lease components for all asset classes. The Company also elected not to record leases that, at the commencement date, have a lease term of 12 months or less. The Company did not elect to apply the hindsight practical expedient when determining lease term and assessing impairment of its ROU assets. The Company elected to determine the discount rate for existing leases based on the remaining lease term and remaining minimum lease payments as of the adoption date. Upon the adoption of ASC 842, the Company recognized ROU assets of $ 21.3 million with corresponding lease liabilities of $ 24.7 million on the unaudited condensed consolidated balance sheet. The ROU assets are net of adjustments of $ 3.4 million consisting of prepayments, deferred rent and accrued lease incentives related to its operating leases as of the adoption date. See Note 7 Leases in the Notes to unaudited condensed consolidated financial statements for additional information. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (ASC 740): Simplifying the Accounting for Income Taxes , which is intended to simplify the accounting for income taxes by removing certain exceptions and by updating accounting requirements around franchise taxes, goodwill recognized for tax purposes, the allocation of current and deferred tax expense among legal entities, among other minor changes. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company adopted this standard effective July 1, 2022 . The adoption did no t have a material impact on its condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses , which requires the establishment of an allowance for estimated credit losses on financial assets, including trade and other receivables, at each reporting date. The guidance is effective for the Company beginning July 1, 2023. The Company is currently evaluating the impact of the adoption on its consolidated financial statements.

Revenues

Revenues	9 Months Ended
	Mar. 31, 2023
Revenue Recognition [Abstract]
Revenues	Note 3. Revenues Disaggregation of Revenues Revenues by geography were as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 United States $ 64,666 $ 49,002 $ 178,205 $ 136,107 United Kingdom 13,506 10,043 40,029 33,363 Rest of the world 13,852 10,618 38,020 27,080 Total $ 92,024 $ 69,663 $ 256,254 $ 196,550 No country other than those listed above accounted for 10% or more of the Company’s total revenues during the three and nine months ended March 31, 2023 and 2022. Contract balances The Company’s contract assets and liabilities were as follows (in thousands): March 31, 2023 June 30, 2022 Unbilled accounts receivable, net (1) $ 12,714 $ 6,922 Deferred revenue, net 167,737 145,480 (1) The long-term portion of $ 72 and $ 159 as of March 31, 2023 and June 30, 2022, respectively, is included in other assets. There was no allowance for doubtful accounts associated with unbilled receivables as of March 31, 2023 and June 30, 2022. During the nine months ended March 31, 2023 , the Company recognized $ 125.2 million in revenue pertaining to deferred revenue as of June 30, 2022. Performance Obligations Remaining performance obligations represent non-cancellable contracted revenues that have not yet been recognized, which includes deferred revenue and amounts that will be invoiced and recognized as revenues in future periods. Subscription services are typically satisfied over one to three years, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services under time and material contracts are not included in the performance obligations amount as these arrangements can be cancelled at any time. As of March 31, 2023 , approximately $ 380.3 million of revenues is expected to be recognized from remaining performance obligations with approximately 62 % over the next 12 months and the remainder thereafter.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 4. Goodwill and Intangible Assets Goodwill Changes in the carrying amounts of goodwill were as follows (in thousands): Nine Months Ended March 31, 2023 2022 Balance, beginning of period $ 269,103 $ 262,270 Purchase price adjustment 784 — Foreign currency translation adjustment 156 ( 479 ) Balance, end of period $ 270,043 $ 261,791 During the nine months ended March 31, 2023 , the Company recognized a purchase price adjustment of $ 0.8 million related to the Billstream acquisition that occurred in June 2022, which increased goodwill and deferred consideration. Intangible Assets Intangible assets acquired through business combinations consisted of the following (in thousands): March 31, 2023 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 47,600 $ ( 23,192 ) $ 24,408 Non-compete agreements 4 to 5 4,407 ( 3,234 ) 1,173 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 5,000 ) 2,822 Core technology 4 to 5 49,219 ( 42,266 ) 6,953 Backlog 2 500 ( 201 ) 299 Intangible assets, net $ 114,231 $ ( 73,893 ) $ 40,338 June 30, 2022 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 47,600 $ ( 19,789 ) $ 27,811 Non-compete agreements 4 to 5 4,407 ( 2,871 ) 1,536 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 4,190 ) 3,632 Core technology 4 to 5 49,219 ( 38,936 ) 10,283 Backlog 2 500 ( 15 ) 485 Intangible assets, net $ 114,231 $ ( 65,801 ) $ 48,430 Amortization expense related to acquired intangible assets was recognized as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Cost of SaaS and support $ 918 $ 1,964 $ 3,331 $ 5,891 Sales and marketing 1,467 1,448 4,398 3,927 General and administrative 120 106 363 319 Total amortization expense $ 2,505 $ 3,518 $ 8,092 $ 10,137 As of March 31, 2023, the estimated future amortization expense of acquired intangible assets is as follows (in thousands): Fiscal Year Ending June 30, Amount 2023 (remaining 3 months) $ 2,506 2024 9,104 2025 6,451 2026 4,271 2027 4,245 2028 and thereafter 9,078 Total remaining amortization $ 35,655

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5. Fair Value Measurements The authoritative guidance on fair value measurements establishes a three-tier fair value hierarchy for disclosure of fair value measurements as follows : Level 1 —Inputs are unadjusted, quoted prices in active markets for identical, assets or liabilities at the measurement date; Level 2 —Inputs are quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; Level 3 —Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). The following tables set forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands): March 31, 2023 Level 1 Level 2 Level 3 Total Liabilities: Liability for contingent consideration, current portion — — 3,253 3,253 Total $ — $ — $ 3,253 $ 3,253 June 30, 2022 Level 1 Level 2 Level 3 Total Liabilities: Liability for contingent consideration, current portion $ — $ — $ 9,709 $ 9,709 Liability for contingent consideration, non-current portion — — 4,126 4,126 Total $ — $ — $ 13,835 $ 13,835 In connection with the acquisition of Repstor, Limited (“Repstor”) in June 2021, the Company recorded contingent consideration liabilities representing the amounts payable to former Repstor shareholders based upon the achievement of certain performance measures. During the nine months ended March 31, 2023 , the Company paid $ 9.3 million in full consideration for the remaining contingent consideration. In connection with the acquisition of Billstream in June 2022, the Company recorded $ 4.1 million on the acquisition date for the estimated fair value of the contingent consideration. The fair value was measured based on the probability of achieving certain performance measures pursuant to the acquisition agreement. The liability was included in other liabilities on the audited consolidated balance sheet as of June 30, 2022. As of March 31, 2023 , the fair value of the contingent consideration was re-measured at $ 3.3 million and reclassified to other current liabilities. The fair value of the contingent consideration was initially estimated using the Monte Carlo simulation and included key assumptions used by management related to the estimated probability of occurrence and discount rates. Subsequent changes in the fair value of the contingent consideration liabilities, resulting from management’s revision of key assumptions and estimates, have been recorded in general and administrative expense in the unaudited condensed consolidated statements of operations. Gains and losses arising from exchange rate fluctuation on these liabilities not denominated in U.S. dollars have been included in other income (expense) on the unaudited condensed consolidated statements of operations. Changes in the fair value of contingent consideration liabilities during the nine months ended March 31, 2023 were as follows (in thousands): Amount Balance as of June 30, 2022 $ 13,835 Payment of contingent consideration ( 9,299 ) Change in fair value of contingent consideration ( 873 ) Effect of foreign currency exchange rate changes ( 410 ) Balance as of March 31, 2023 $ 3,253 Other financial instruments consist of accounts receivable, accounts payable and accrued expenses and other current liabilities. Accounts receivable, accounts payable and accrued liabilities are stated at their carrying value, which approximates fair value due to the short time to expected receipt or payment.

Property and Equipment

Property and Equipment	9 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Property and Equipment	Note 6. Property and Equipment Property and equipment, net, consisted of the following (in thousands): March 31, 2023 June 30, 2022 Computer equipment and software $ 1,887 $ 1,197 Capitalized internal-use software 15,364 11,076 Furniture and office equipment 2,433 1,959 Leasehold improvements 5,887 5,284 Construction in progress 310 281 Total property and equipment 25,881 19,797 Less: accumulated depreciation and amortization ( 10,386 ) ( 7,514 ) Property and equipment, net $ 15,495 $ 12,283 Depreciation expense, excluding the amortization of capitalized internal-use software development costs, was $ 0.4 million for each of the three months ended March 31, 2023 and 2022 , and was $ 1.2 million and $ 1.0 million for the nine months ended March 31, 2023 and 2022, respectively. The Company capitalized $ 4.3 million and $ 3.1 million of costs related to software developed for internal use during the nine months ended March 31, 2023 and 2022 , respectively. Amortization expense related to capitalized internal-use software was $ 0.8 million and $ 0.5 million for the three months ended March 31, 2023 and 2022 , respectively, and was $ 2.1 million and $ 1.4 million for the nine months ended March 31, 2023 and 2022 , respectively. The net book value of capitalized software development costs was $ 9.5 million and $ 7.3 million as of March 31, 2023 and June 30, 2022 , respectively.

Leases

Leases	9 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	Note 7. Leases The Company leases the majority of its office space in the U.S., U.K., Singapore and Ukraine under non-cancelable operating lease agreements, which have various expiration dates through June 2030 , some of which include options to extend the leases for up to 5 years . As part of the Company's continuing assessment of its facilities requirements, during the nine months ended March 31, 2023, the Company exited a portion of the leased office space in its headquarters in Palo Alto, California and amended the underlying lease agreement to relieve the Company of certain lease payments. As a result, the Company assessed the right-of-use asset associated with the leased office space and deemed it to be impaired. The Company also assessed the lease liability in view of the amended lease agreement. The Company recorded a net charge of $ 1.6 million in connection with the impairment of the related operating lease right-of-use asset and the reassessment of the lease liability, which was included in it s unaudited condensed consolidated statements of operations for the nine months ended March 31, 2023. The components of lease costs were as follows (in thousands): Operating Leases Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Operating lease cost (1) $ 1,462 $ 4,652 Short-term lease cost 198 596 (1) Amount excluded a net charge of $ 1.6 million related to lease modification and impairment for the nine months ended March 31, 2023 as described above. Rent expense for operating leases recognized prior to the adoption of ASC 842 for the three and nine months ended March 31, 2022 was $ 2.2 million and $ 6.6 million, respectively. The weighted-average remaining lease term of the Company's operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows: Lease Term and Discount Rate March 31, 2023 Weighted-average remaining lease term (in years) 6.5 Weighted-average discount rate 7.1 % The following table presents supplemental cash flow information related to the Company's operating leases (in thousands): Nine Months Ended March 31, 2023 Cash payments included in the measurement of operating lease liabilities $ 5,777 ROU assets obtained in exchange for new operating lease liabilities 713 Current operating lease liabilities of $ 3.5 million were included in other current liabilities on the Company’s unaudited condensed consolidated balance sheet as of March 31, 2023. As of March 31, 2023, remaining maturities of operating lease liabilities are as follows (in thousands): Fiscal Year Ending June 30, Amount 2023 (remaining 3 months) $ 1,803 2024 3,769 2025 3,341 2026 3,389 2027 2,849 2028 and thereafter 9,548 Total lease payments 24,699 Less: imputed interest ( 5,020 ) Present value of operating lease liabilities $ 19,679 Future minimum lease payments under non-cancelable operating leases as of June 30, 2022 under ASC 840 were as follows (in thousands): Fiscal Year Ending June 30, Amount 2023 $ 7,882 2024 3,625 2025 3,311 2026 3,359 2027 2,721 2028 and thereafter 9,379 Total future minimum lease payments $ 30,277

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8. Commitments and Contingencies Software and Other Commitments In the ordinary course of business, the Company enters into commitments to purchase or subscribe to software that is required to conduct its business activities. The Company also has commitments towards its cloud hosting service providers. There were no material purchase commitments that were entered into during the nine months ended March 31, 2023. In December 2021, the Company entered into an agreement with Microsoft, pursuant to which the Company is committed to spend a minimum of $ 110.0 million on cloud services. Payments under this agreement commenced during the three months ended March 31, 2023. The committed spend period concludes at the end of December 2028 , with the Company having the option to extend any remaining commitment into a further 12 month period to the end of December 2029 . Litigation From time to time, the Company is a party to claims, lawsuits, and proceedings which arise in the ordinary course of business. The Company warrants to its customers that it has all necessary rights and licenses to the intellectual property comprised in its products and services and indemnifies those customers against intellectual property claims with respect to such products and services, so such claims, lawsuits and proceedings might in the future include claims of alleged infringement of intellectual property rights. The Company records a liability when it believes that it is probable that a loss will be incurred, and the amount of loss or range of loss can be reasonably estimated. Given the unpredictable nature of legal proceedings, the Company bases its estimate on the information available at the time of the assessment. As additional information becomes available, the Company reassesses the potential liability and may revise the estimate. The Company is not presently a party to any litigation the outcome of which, it believes, if determined adversely to the Company, would individually or in the aggregate have a material adverse effect on the business, operating results, or financial condition.

Debt

Debt	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Note 9. Debt As of June 30, 2021, the Company had outstanding borrowings of $ 273.0 million under a term loan and $ 5.0 million under an associated revolving credit facility (together, the “Prior Credit Facility”). On July 12, 2021, amounts outstanding under the Prior Credit Facility were repaid in full from proceeds of the IPO. As a result of the extinguishment of the debt, a loss of $ 2.4 million related to the write-off of unamortized financing costs, has been recorded as a loss on debt extinguishment in the unaudited condensed consolidated statement of operations for the nine months ended March 31, 2022. On October 5, 2021, the Company entered into a Credit Agreement, as amended on June 6, 2022 and further amended on November 17, 2022 (the “Credit Agreement”) among the Company, the guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (“JPMorgan”). The Credit Agreement provides for a five-year , senior secured revolving credit facility of $ 100.0 million with a sub-facility for letters of credit in the aggregate amount of up to $ 10.0 million (the “JPMorgan Credit Facility”). The Credit Agreement also provides that the Company may seek additional revolving credit commitments in an aggregate amount not to exceed $ 50.0 million, subject to certain administrative procedures, including approval by the Administrative Agent. Future borrowings under the JPMorgan Credit Facility will bear interest, at the Company’s election, at an annual rate based on either (a) an adjusted secured overnight financing rate (SOFR, as described in the Credit Agreement) plus a percentage spread (ranging from 1.75 % to 2.50 %) or (b) an alternate base rate (as described in the Credit Agreement) plus a percentage spread (ranging from 0.75 % to 1.50 %), in each case based on the Company’s total net leverage ratio. In addition, a commitment fee accrues with respect to the unused amount of the JPMorgan Credit Facility at an annual rate ranging from 0.25 % to 0.40 %, based on the Company’s total net leverage ratio. In connection with the execution of the Credit Agreement, the Company also entered into a pledge and security agreement (the “Security Agreement”) dated as of October 5, 2021 with the subsidiaries of the Company and JPMorgan, as collateral agent for the secured parties. Under the Security Agreement, borrowings under the JPMorgan Credit Facility are secured by a first priority pledge of all of the capital stock and substantially all of the assets (excluding real estate interests) of each subsidiary of the Company and the subsidiary guarantors. The Credit Agreement provides that the Company must maintain compliance with a maximum consolidated total net leverage ratio covenant, as determined in accordance with the Credit Agreement. It also contains affirmative, negative and financial covenants, including limitations on certain other indebtedness, loans and investments, liens, mergers, asset sales, and transactions with affiliates, as well as customary events of default. The Company was in compliance with all covenants as of March 31, 2023. As of March 31, 2023 , there were no outstanding borrowings under the JPMorgan Credit Facility.

Stockholders' Equity and Stock-

Stockholders' Equity and Stock-Based Compensation	9 Months Ended
	Mar. 31, 2023
Stockholders Equity And Stock Based Compensation [Abstract]
Stockholders' Equity and Stock-Based Compensation	Note 10 . S tockholders' Equity and Stock-Based Compensation On July 2, 2021, in conjunction with the closing of the IPO, the Company’s Amended and Restated Certificate of Incorporation became effective, pursuant to which the Company’s authorized capital stock was increased to 700,000,000 shares of common stock, par value $ 0.001 per share, and 50,000,000 shares of preferred stock, par value $ 0.001 per share. On July 2, 2021, upon the closing of the IPO, all outstanding shares of Series A and Series A-1 convertible preferred stock were automatically converted into 19,034,437 shares of the Company’s common stock on a one -for-one basis. Equity Incentive Plans In June 2021, the Company’s Board of Directors adopted, and its stockholders approved, the 2021 Omnibus Incentive Plan (the “2021 Plan”) and the 2021 Employee Stock Purchase Plan (“ESPP”). The 2021 Plan provides for the grant of restricted shares, restricted share units, performance shares, performance share units, deferred share units, share options and share appreciation rights. All employees, non-employee directors and selected third-party service providers of the Company and its subsidiaries and affiliates are eligible to receive grants under the 2021 Plan. Eligible employees may purchase the Company’s common stock under the ESPP. Both the 2021 Plan and ESPP include a provision to increase the share reserves on July 1 of each year through 2031. On July 1, 2022, 3,999,369 and 799,873 shares were added to the 2021 Plan and ESPP, respectively. As of March 31, 2023, shares of common stock reserved for future issuance were as follows (in thousands): March 31, 2023 Stock plans: Outstanding stock options 10,942 Unvested performance stock units and restricted stock units 6,335 Reserved for ESPP 2,132 Reserved for future stock award grants 3,213 Total shares of common stock reserved for issuance 22,622 Stock Awards The Company has granted time-based and performance-based stock options, time-based restricted stock units (“RSUs”) and performance-based restricted stock units (“PSUs”), collectively referred to as “Stock Awards”. The Company accounts for stock-based compensation using the fair value method which requires the Company to measure stock-based compensation based on the grant-date fair value of the awards and recognize compensation expense over the requisite service or performance period. Awards that contain only service conditions, are generally earned over four years and expensed on a straight-line basis over that term. Compensation expense for awards that contain performance conditions is calculated using the graded vesting method and the portion of expense recognized in any period may fluctuate depending on changing estimates of the achievement of the performance conditions. Stock Options Stock options granted generally become exercisable ratably over a four-year period following the date of grant and expire ten years from the date of grant. The exercise price of incentive stock options granted under the Plan prior to the IPO must have been at least equal to 100 % of the fair value of the Company’s common stock at the date of grant, as determined by the Board of Directors. The exercise price of stock options granted under the Plan after the IPO was determined based on the fair market value of Company’s common stock on the date of grant. Stock option activity under the Company’s equity incentive plans during the nine months ended March 31, 2023 was as follows (in thousands, except per share data): Number of Weighted- Weighted- Aggregate (1) Outstanding as of June 30, 2022 12,773 $ 10.56 6.5 $ 65,284 Granted — — Exercised ( 1,531 ) 10.27 Forfeited ( 300 ) 18.09 Outstanding as of March 31, 2023 10,942 $ 10.39 5.7 $ 376,967 Vested and exercisable as of March 31, 2023 9,921 $ 9.53 5.5 $ 350,261 Vested and expected to vest as of March 31, 2023 10,942 $ 10.39 5.7 $ 376,967 (1) Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s common stock as of the end of the period, multiplied by the number of stock options outstanding. The total intrinsic value of stock options exercised and the proceeds from option exercises during the nine months ended March 31, 2023 were $ 34.6 million and $ 15.7 million, respectively. Performance Stock Units and Restricted Stock Units The Company granted stock units to certain of its employees with vesting terms based on meeting certain revenue and profitability targets, and continued service. The Company also granted stock units to certain employees that vest based on continued service. Performance stock unit activity during the nine months ended March 31, 2023 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2022 3,470 $ 26.40 Granted 1,604 16.69 Vested ( 786 ) 24.60 Forfeited ( 150 ) 24.68 Balance as of March 31, 2023 4,138 $ 23.04 Restricted stock unit activity during the nine months ended March 31, 2023 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2022 1,001 $ 29.18 Granted 1,669 20.02 Vested ( 357 ) 26.01 Forfeited ( 116 ) 23.94 Balance as of March 31, 2023 2,197 $ 22.99 Stock-Based Compensation Expense The Company recorded stock-based compensation expense in the unaudited condensed consolidated statements of operations as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Cost of revenues Cost of SaaS and support $ 486 $ 359 $ 1,317 $ 882 Cost of professional services 1,038 869 2,931 2,284 Research and development 4,571 5,136 11,351 13,771 Sales and marketing 6,029 7,330 18,134 20,687 General and administrative 6,635 9,133 21,062 24,671 Total stock-based compensation $ 18,759 $ 22,827 $ 54,795 $ 62,295 As of March 31, 2023 , there was a total of $ 91.0 million in unrecognized compensation cost related to unvested stock-based awards, which is expected to be recognized over a weighted-average period of approximately 2.3 years. Employee Stock Purchase Plan Under the ESPP, eligible employees may purchase the Company's common stock at a price equal to 85 % of the lower of the fair market value of the Company’s common stock on the offering date or the applicable purchase date. The initial offering period for the ESPP began on December 16, 2021 with two subsequent offering periods that began on June 1, 2022 and December 1, 2022, respectively. These offering periods will end on November 30, 2023 . Each offering period consists of two or more purchase dates at six-month intervals. During the nine months ended March 31, 2023, 65,514 shares have been purchased under the ESPP. As of March 31, 2023 , total unrecognized compensation cost related to the ESPP was $ 1.0 million, which will be amortized over a weighted-average vesting term of 0.7 years.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Note 11. Income Taxes The Company determines its income tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items occurring during the periods presented. The primary difference between its effective tax rate and the federal statutory rate is the full valuation allowance the Company has established on its federal and state net operating losses and credits. Income taxes from international operations were not material for the three and nine months ended March 31, 2023 and 2022. The Company files income tax returns in the U.S. federal jurisdiction, various state jurisdictions and various foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities. The Company is not currently under audit by the Internal Revenue Service or other similar tax authorities. The Company’s tax returns remain open to examination as follows: U.S. federal and states, all tax years; and significant foreign jurisdictions, generally 2018 through 2022.

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Net Loss Per Share	Note 12. Net Loss Per Share Basic net loss per share is computed by dividing the net loss by the weighted-average number of common shares outstanding for the period. Diluted net loss per share is calculated by giving effect to all potentially dilutive securities outstanding for the period using the treasury stock method. The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands, except per share data): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Numerator: Net loss $ ( 18,147 ) $ ( 28,736 ) $ ( 57,955 ) $ ( 78,091 ) Denominator: Weighted-average shares used to compute net loss per share - basic and diluted 64,327 61,564 63,487 60,868 Net loss per share - basic and diluted $ ( 0.28 ) $ ( 0.47 ) $ ( 0.91 ) $ ( 1.28 ) Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share because their effect would be anti-dilutive (in thousands): As of March 31, 2023 2022 Outstanding stock options to purchase common stock 10,942 13,096 Unvested performance stock units and restricted stock units 6,335 4,581 Shares issuable under employee stock purchase plan 52 41 Total 17,329 17,718

Subsequent Event

Subsequent Event	9 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Event	Note 13. Subsequent Event On May 2, 2023, the Company, through its wholly-owned subsidiary, acquired a 100 % equity interest in Paragon Data Labs, Inc. (“Paragon”), a Delaware corporation, in accordance with the terms of the Agreement and Plan of Merger, dated as of the same date. The total consideration for the acquisition consisted of $ 7.6 million (in cash and shares of its common stock) paid at closing, $ 2.2 million of deferred consideration and holdback and a maximum $ 10.2 million of contingent consideration payable on achievement of certain performance measures (payable in cash and shares of its common stock).

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and the requirements of the U.S. Securities and Exchange Commission (the “SEC”) for interim reporting. Certain information and disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Therefore, these unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2022 filed with the SEC on September 9, 2022. The unaudited condensed consolidated financial statements include accounts of the Company and its consolidated subsidiaries, after eliminating all inter-company transactions and balances. The interim unaudited condensed consolidated financial statements have been prepared on a basis consistent with the annual consolidated financial statements and, in the opinion of management, reflect all adjustments, which include only normal and recurring adjustments, necessary to state fairly the Company’s financial condition, its operations and cash flows for the periods presented. The historical results are not necessarily indicative of future results, and the results of operations for the three and nine months ended March 31, 2023 are not necessarily indicative of the results to be expected for the full year or any other period.
Use of Estimates	Use of Estimates The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported and disclosed in the unaudited condensed consolidated financial statements and accompanying notes. Those estimates and assumptions include, but are not limited to, revenue recognition including determination of the standalone selling price (“SSP”) of the deliverables included in multiple deliverable revenue arrangements; allowance for doubtful accounts; the depreciable lives of long-lived assets including intangible assets; the expected useful life of deferred commissions; the fair value of stock-based awards; the fair value of assets acquired and liabilities assumed in business combinations; goodwill and long-lived assets impairment assessment; the fair value of contingent consideration liabilities; the incremental borrowing rate used to determine the operating lease liabilities; valuation allowances on deferred tax assets; uncertain tax positions; and loss contingencies. The Company evaluates estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. As future events and their effects cannot be determined with precision, actual results could differ from these estimates, and those differences could be material to the unaudited condensed consolidated financial statements.
Revenue Recognition	Revenue Recognition The Company’s revenues are derived from contracts with our clients. The majority of the Company’s revenues are derived from the sale of our software as a service (“SaaS”) solutions and subscriptions to our term software applications, including support services, as well as the provision of professional services for the implementation of our solutions. The Company accounts for revenues in accordance with Accounting Standards Codification 606, Revenue from Contracts with Customers (“ASC 606”), which the Company adopted on July 1, 2020 using the full retrospective method of adoption. The core principle of ASC 606 is to recognize revenues upon the transfer of control of services or products to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company applies the following framework to recognize revenues: Identification of the contract, or contracts, with our clients The Company considers the terms and conditions of written contracts and its customary business practices in identifying its contracts under ASC 606. The Company determines it has a contract with a client when the contract is approved, each party’s rights regarding the services and products to be transferred can be identified, payment terms for the services and products can be identified, the client has the ability and intent to pay, and the contract has commercial substance. The Company evaluates whether two or more contracts entered within close proximity with one another should be combined and accounted for as a single contract. The Company also evaluates the client’s ability and intent to pay, which is based on a variety of factors, including the client’s historical payment experience or, in the case of a new client, credit and financial information pertaining to the client. Identification of the performance obligation in the contract Performance obligations promised in a contract are identified based on the services or products that will be transferred to the client that are both: i. capable of being distinct, whereby the client can benefit from the service or product either on its own or together with other resources that are readily available from the Company or third parties, and ii. distinct in the context of the contract, whereby the transfer of the services or products is separately identifiable from other promises in the contract. To the extent a contract includes multiple promised services or products, the Company applies judgment to determine whether promised services or products are capable of being distinct and distinct in the context of the contract. If these criteria are not met, the promised services or products are accounted for as a combined performance obligation. The Company derives its revenues primarily from the following four sources, which represent the performance obligations of the Company: i. Sales of SaaS under subscription arrangements : revenue derived from subscriptions to our SaaS solutions; ii. Sales of subscriptions to our licenses: software revenues derived from the sale of term licenses to clients; iii. Support activities: support activities that consist of email and phone support, bug fixes, and rights to unspecified software updates and upgrades released on a when, and if, available basis during the support term; and iv. Sales of professional services: services related to the implementation and configuration of the Company’s SaaS offerings and software licenses. SaaS and subscription licenses are generally sold as annual or multi-year initial terms with automatic annual renewal provisions on expiration of the initial term. Support for subscription licenses follows the same contract periods as the initial or renewal term. Professional services related to implementation and configuration activities are typically time and materials contracts. Determination of the transaction price The transaction price is determined based on the consideration to which the Company expects to be entitled in exchange for transferring services and products to the client. Variable consideration is estimated and included in the transaction price if, in the Company’s judgment, it is probable that no significant future reversal of cumulative revenues under the contract will occur. In instances where the timing of revenue recognition differs from the timing of invoicing, the Company has determined that contracts generally do not include a significant financing component. The primary purpose of the Company’s invoicing terms is to provide clients with simplified and predictable ways of purchasing the Company’s products and services, not to receive financing from clients or to provide clients with financing. Allocation of the transaction price to the performance obligations in the contract If the contract contains a single performance obligation, the entire transaction price is allocated to the single performance obligation. Contracts that contain multiple performance obligations require an allocation of the transaction price to each performance obligation based on its relative SSP. The majority of the Company’s contracts contain multiple performance obligations, such as when subscription licenses are sold with support and professional services. Some of the Company’s performance obligations have observable inputs that are used to determine the SSP of those distinct performance obligations. Where SSP is not directly observable, the Company determines the SSP using information that may include market conditions and other observable inputs. Recognition of revenues when, or as, the Company satisfies a performance obligation The Company recognizes revenues as control of the services or products is transferred to a client, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services or products. The Company is principally responsible for the satisfaction of its distinct performance obligations, which are satisfied either at a point in time or over a period of time. The Company records revenues net of applicable sales taxes collected. Sales taxes collected from clients are recorded in other current liabilities in the accompanying unaudited condensed consolidated balance sheets and are remitted to state and local taxing jurisdictions based on the filing requirements of each jurisdiction. Performance obligations satisfied at a point in time Subscription licenses The Company has concluded that its sale of term licenses to clients (“subscription licenses”) provides the client with the right to functional intellectual property (“IP”) and are distinct performance obligations from which the client can benefit on a stand-alone basis. The transaction price allocated to subscription license arrangements is recognized as revenues at a point in time when control is transferred to the client, which generally occurs at the time of delivery or upon commencement of the renewal term. Subscription license fees are generally payable in advance on an annual basis over the term of the license arrangement, which is typically noncancelable. Performance obligations satisfied over a period of time SaaS and support as well as professional services arrangements comprise the majority of distinct performance obligations that are satisfied over a period of time. SaaS and support The transaction price allocated to SaaS subscription arrangements is recognized as revenues over time throughout the term of the contract as the services are provided on a continuous basis, beginning after the SaaS environment is provisioned and made available to clients. The Company’s SaaS subscriptions are generally one to three years in duration, with the majority being one year . Consideration from SaaS arrangements is typically billed in advance on an annual basis. The Company’s subscription license sales include noncancelable support which entitle clients to receive technical support and software updates, on a when and if available basis, during the term of the subscription license agreement. Technical support and software updates are considered distinct from the related subscription licenses but accounted for as a single stand ready performance obligation as they each constitute a series of distinct services that are substantially the same and have the same pattern of transfer to the client. The transaction price allocated to support is recognized as revenue over time on a straight-line basis over the term of the support contract which corresponds to the underlying subscription license agreement. Consideration for support services is typically billed in advance on an annual basis. In some instances, the client may purchase premium support services which are generally priced as a percentage of the associated subscription license. Professional services The Company’s professional services revenues are primarily comprised of implementation, configuration and upgrade services. The Company has determined that professional services provided to clients represent distinct performance obligations. These services may be provided on a stand-alone basis or bundled with other performance obligations, including SaaS arrangements, subscription licenses, and support services. The transaction price allocated to these performance obligations is recognized as revenue over time as the services are performed. The professional services engagements are billed to clients on a time and materials basis and are recognized as invoiced. In instances where professional services arrangements are sold on a fixed price basis, revenues are recognized over time using an input measure of time incurred to date relative to total estimated time to be incurred at project completion. Professional services arrangements sold on a time and materials basis are generally invoiced monthly in arrears and those sold on a fixed fee basis are invoiced upon the achievement of project milestones. The Company records reimbursable out-of-pocket expenses associated with professional services contracts in both revenues and cost of revenues.
Contract Modifications	Contract Modifications Contracts may be modified to account for changes in contract scope or price. The Company considers contract modifications to exist when the modification either creates new rights or obligations or changes the existing enforceable rights and obligations of either party. Contract modifications are accounted for prospectively when it results in the promise to deliver additional products and services that are distinct and contract price does not increase by an amount that reflects standalone selling price for the new goods or services.
Balance Sheet Presentation	Balance Sheet Presentation Contracts with our clients are reflected in the consolidated balance sheets as follows: • Accounts receivable, net represents amounts billed to clients in accordance with contract terms for which payment has not yet been received. It is presented net of the allowance for doubtful accounts as part of current assets in the consolidated balance sheets. • Unbilled receivables, net represents amounts that are unbilled due to agreed-upon contractual terms in which billing occurs subsequent to revenue recognition. This generally occurs in multi-year subscription license arrangements where control of the software license is transferred at the inception of the contract, but the client is invoiced annually in advance over the term of the license. Unbilled receivables are presented net of the allowance for doubtful accounts, if applicable, in the consolidated balance sheets with the long-term portion included in other assets. Under ASC 606, these balances represent contract assets. • Contract costs consist principally of client acquisition costs (sales commissions). The Company classifies deferred commissions as current or non-current on our consolidated balance sheets based on the timing of when the Company expects to recognize the expense. • Deferred revenue, net represents amounts that have been invoiced to the client for which the Company has the right to invoice, but that have not been recognized as revenues because the related products or services have not been transferred to the client. Deferred revenue that will be realized within twelve months of the balance sheet date is classified as current. The remaining deferred revenue is presented as non-current. Under ASC 606, these balances represent contract liabilities. The Company may receive consideration from its clients in advance of performance on a portion of the contract and, on another portion of the contract, perform in advance of receiving consideration. Contract assets and liabilities related to rights and obligations in a contract are interdependent. Therefore, contract assets and liabilities are presented net at the contract level, as either a single contract asset or a single contract liability, in the consolidated balance sheets.
Concentrations of Credit Risk and Significant Clients	Concentrations of Credit Risk and Significant Clients Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. The Company maintains its cash with multiple high quality financial institutions. The Company is exposed to credit risk for cash held in financial institutions to the extent that such amounts recorded on the balance sheet are in excess of amounts that are insured by the Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any such losses. No client individually accounted for 10% or more of the Company’s revenues for any of the three and nine months ended March 31, 2023 and 2022. As of March 31, 2023 , no client individually accounted for 10% or more of the Company’s total accounts receivable. As of June 30, 2022, one client individually accounted for 20 % of the Company’s total accounts receivable.
Leases	Leases The Company leases its office space under non-cancelable operating lease agreements with expiration dates through 2030 . The Company determines whether an arrangement constitutes a lease and records lease liabilities and right-of-use (ROU) assets on its unaudited condensed consolidated balance sheets at the lease commencement date. Lease liabilities are measured based on the present value of the total lease payments not yet paid, discounted based on either the rate implicit in the lease or the Company's incremental borrowing rate, whichever is more readily determinable. Lease liabilities due within 12 months are included within other current liabilities on the Company's unaudited condensed consolidated balance sheets. The incremental borrowing rate is based on an estimate of the Company's expected senior unsecured borrowing rate based on synthetic credit rating, adjusted for collateralization. ROU assets are measured based on the corresponding lease liability adjusted for (i) payments made to the lessor at or before the lease commencement date, (ii) initial direct costs incurred, and (iii) tenant incentives received, incurred or payable under the lease. Recognition of rent expense begins when the lessor makes the underlying asset available to the Company. The Company does not assume renewals or early terminations of its leases unless it is reasonably certain to exercise these options at commencement and does not allocate consideration between lease and non-lease components. For short-term leases, the Company records rent expense in its unaudited condensed consolidated statements of operations on a straight-line basis over the lease term and records variable lease payments as incurred. ROU assets are evaluated for impairment whenever events or changes in the circumstances indicate that the carrying amount may not be recoverable.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Company is an emerging growth company, as defined in the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”). Under the JOBS Act, emerging growth companies can delay adopting new or revised accounting standards issued subsequent to the enactment of the JOBS Act until those standards apply to private companies. The Company has elected to use this extended transition period for complying with new or revised accounting standards that have different effective dates for public and private companies until the earlier of the date that it is (i) no longer an emerging growth company or (ii) affirmatively and irrevocably opts out of the extended transition period provided in the JOBS Act. As a result, the consolidated financial statements may not be comparable to companies that comply with the new or revised accounting pronouncements as of public company effective dates. The JOBS Act does not preclude an emerging growth company from early adopting new or revised accounting standards. Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) No. 2016-02, Leases (ASC 842) . The guidance requires lessees to put most leases on their balance sheets but recognize the expenses on their income statements in a manner similar to current practice. The guidance states that a lessee would recognize a lease liability for the obligation to make lease payments and a ROU asset for the right to use the underlying asset for the lease term. The Company adopted this guidance on July 1, 2022 using the optional transition method under the modified retrospective approach under which the results for the comparative prior periods were not restated. The Company elected the package of transitional practical expedients, which allows the Company not to reassess under the new guidance our prior conclusions about lease identification, lease classification and initial direct costs, for any existing leases on the adoption date. The Company elected to combine the lease and non-lease components for all asset classes. The Company also elected not to record leases that, at the commencement date, have a lease term of 12 months or less. The Company did not elect to apply the hindsight practical expedient when determining lease term and assessing impairment of its ROU assets. The Company elected to determine the discount rate for existing leases based on the remaining lease term and remaining minimum lease payments as of the adoption date. Upon the adoption of ASC 842, the Company recognized ROU assets of $ 21.3 million with corresponding lease liabilities of $ 24.7 million on the unaudited condensed consolidated balance sheet. The ROU assets are net of adjustments of $ 3.4 million consisting of prepayments, deferred rent and accrued lease incentives related to its operating leases as of the adoption date. See Note 7 Leases in the Notes to unaudited condensed consolidated financial statements for additional information. In December 2019, the FASB issued ASU No. 2019-12, Income Taxes (ASC 740): Simplifying the Accounting for Income Taxes , which is intended to simplify the accounting for income taxes by removing certain exceptions and by updating accounting requirements around franchise taxes, goodwill recognized for tax purposes, the allocation of current and deferred tax expense among legal entities, among other minor changes. Most amendments within the standard are required to be applied on a prospective basis, while certain amendments must be applied on a retrospective or modified retrospective basis. The Company adopted this standard effective July 1, 2022 . The adoption did no t have a material impact on its condensed consolidated financial statements. Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses , which requires the establishment of an allowance for estimated credit losses on financial assets, including trade and other receivables, at each reporting date. The guidance is effective for the Company beginning July 1, 2023. The Company is currently evaluating the impact of the adoption on its consolidated financial statements.

Revenues (Tables)

Revenues (Tables)	9 Months Ended
	Mar. 31, 2023
Revenue Recognition [Abstract]
Summary of Revenues by Geography	Revenues by geography were as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 United States $ 64,666 $ 49,002 $ 178,205 $ 136,107 United Kingdom 13,506 10,043 40,029 33,363 Rest of the world 13,852 10,618 38,020 27,080 Total $ 92,024 $ 69,663 $ 256,254 $ 196,550
Summary of Contract Assets and Liabilities	The Company’s contract assets and liabilities were as follows (in thousands): March 31, 2023 June 30, 2022 Unbilled accounts receivable, net (1) $ 12,714 $ 6,922 Deferred revenue, net 167,737 145,480 (1) The long-term portion of $ 72 and $ 159 as of March 31, 2023 and June 30, 2022, respectively, is included in other assets.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amounts of Goodwill	Changes in the carrying amounts of goodwill were as follows (in thousands): Nine Months Ended March 31, 2023 2022 Balance, beginning of period $ 269,103 $ 262,270 Purchase price adjustment 784 — Foreign currency translation adjustment 156 ( 479 ) Balance, end of period $ 270,043 $ 261,791 During the nine months ended March 31, 2023 , the Company recognized a purchase price adjustment of $ 0.8 million related to the Billstream acquisition that occurred in June 2022, which increased goodwill and deferred consideration.
Schedule of Intangible Assets Amortized on Straight Line Basis	Intangible assets acquired through business combinations consisted of the following (in thousands): March 31, 2023 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 47,600 $ ( 23,192 ) $ 24,408 Non-compete agreements 4 to 5 4,407 ( 3,234 ) 1,173 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 5,000 ) 2,822 Core technology 4 to 5 49,219 ( 42,266 ) 6,953 Backlog 2 500 ( 201 ) 299 Intangible assets, net $ 114,231 $ ( 73,893 ) $ 40,338 June 30, 2022 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 47,600 $ ( 19,789 ) $ 27,811 Non-compete agreements 4 to 5 4,407 ( 2,871 ) 1,536 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 4,190 ) 3,632 Core technology 4 to 5 49,219 ( 38,936 ) 10,283 Backlog 2 500 ( 15 ) 485 Intangible assets, net $ 114,231 $ ( 65,801 ) $ 48,430
Schedule of Amortization Expense Related to Acquired Intangible Assets	Amortization expense related to acquired intangible assets was recognized as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Cost of SaaS and support $ 918 $ 1,964 $ 3,331 $ 5,891 Sales and marketing 1,467 1,448 4,398 3,927 General and administrative 120 106 363 319 Total amortization expense $ 2,505 $ 3,518 $ 8,092 $ 10,137
Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets	As of March 31, 2023, the estimated future amortization expense of acquired intangible assets is as follows (in thousands): Fiscal Year Ending June 30, Amount 2023 (remaining 3 months) $ 2,506 2024 9,104 2025 6,451 2026 4,271 2027 4,245 2028 and thereafter 9,078 Total remaining amortization $ 35,655

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Summary of Financial Liabilities Measured at Fair Value on Recurring Basis	The following tables set forth the Company’s financial liabilities that were measured at fair value on a recurring basis as of the dates indicated by level within the fair value hierarchy (in thousands): March 31, 2023 Level 1 Level 2 Level 3 Total Liabilities: Liability for contingent consideration, current portion — — 3,253 3,253 Total $ — $ — $ 3,253 $ 3,253 June 30, 2022 Level 1 Level 2 Level 3 Total Liabilities: Liability for contingent consideration, current portion $ — $ — $ 9,709 $ 9,709 Liability for contingent consideration, non-current portion — — 4,126 4,126 Total $ — $ — $ 13,835 $ 13,835
Schedule of Changes in Fair Value of Contingent Consideration Liabilities	Changes in the fair value of contingent consideration liabilities during the nine months ended March 31, 2023 were as follows (in thousands): Amount Balance as of June 30, 2022 $ 13,835 Payment of contingent consideration ( 9,299 ) Change in fair value of contingent consideration ( 873 ) Effect of foreign currency exchange rate changes ( 410 ) Balance as of March 31, 2023 $ 3,253

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Mar. 31, 2023
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment	Property and equipment, net, consisted of the following (in thousands): March 31, 2023 June 30, 2022 Computer equipment and software $ 1,887 $ 1,197 Capitalized internal-use software 15,364 11,076 Furniture and office equipment 2,433 1,959 Leasehold improvements 5,887 5,284 Construction in progress 310 281 Total property and equipment 25,881 19,797 Less: accumulated depreciation and amortization ( 10,386 ) ( 7,514 ) Property and equipment, net $ 15,495 $ 12,283

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of Components of Lease Costs	The components of lease costs were as follows (in thousands): Operating Leases Three Months Ended March 31, 2023 Nine Months Ended March 31, 2023 Operating lease cost (1) $ 1,462 $ 4,652 Short-term lease cost 198 596 (1) Amount excluded a net charge of $ 1.6 million related to lease modification and impairment for the nine months ended March 31, 2023 as described above.
Schedule of Weighted Average Operating Leases Term and Discount Rate	The weighted-average remaining lease term of the Company's operating leases and the weighted-average discount rate used to measure the present value of the operating lease liabilities are as follows: Lease Term and Discount Rate March 31, 2023 Weighted-average remaining lease term (in years) 6.5 Weighted-average discount rate 7.1 %
Schedule of Supplemental Cash Flow Information Related to Operating Leases	The following table presents supplemental cash flow information related to the Company's operating leases (in thousands): Nine Months Ended March 31, 2023 Cash payments included in the measurement of operating lease liabilities $ 5,777 ROU assets obtained in exchange for new operating lease liabilities 713
Schedule of Remaining Maturities of Operating Lease Liabilities And Future Minimum Lease Payments	As of March 31, 2023, remaining maturities of operating lease liabilities are as follows (in thousands): Fiscal Year Ending June 30, Amount 2023 (remaining 3 months) $ 1,803 2024 3,769 2025 3,341 2026 3,389 2027 2,849 2028 and thereafter 9,548 Total lease payments 24,699 Less: imputed interest ( 5,020 ) Present value of operating lease liabilities $ 19,679 Future minimum lease payments under non-cancelable operating leases as of June 30, 2022 under ASC 840 were as follows (in thousands): Fiscal Year Ending June 30, Amount 2023 $ 7,882 2024 3,625 2025 3,311 2026 3,359 2027 2,721 2028 and thereafter 9,379 Total future minimum lease payments $ 30,277

Stockholders' Equity and Stoc_2

Stockholders' Equity and Stock-Based Compensation (Tables)	9 Months Ended
	Mar. 31, 2023
Stockholders Equity And Stock Based Compensation [Abstract]
Schedule of Shares of Common Stock Reserved for Future Issuance	As of March 31, 2023, shares of common stock reserved for future issuance were as follows (in thousands): March 31, 2023 Stock plans: Outstanding stock options 10,942 Unvested performance stock units and restricted stock units 6,335 Reserved for ESPP 2,132 Reserved for future stock award grants 3,213 Total shares of common stock reserved for issuance 22,622
Summary of Stock Option Activity	Stock option activity under the Company’s equity incentive plans during the nine months ended March 31, 2023 was as follows (in thousands, except per share data): Number of Weighted- Weighted- Aggregate (1) Outstanding as of June 30, 2022 12,773 $ 10.56 6.5 $ 65,284 Granted — — Exercised ( 1,531 ) 10.27 Forfeited ( 300 ) 18.09 Outstanding as of March 31, 2023 10,942 $ 10.39 5.7 $ 376,967 Vested and exercisable as of March 31, 2023 9,921 $ 9.53 5.5 $ 350,261 Vested and expected to vest as of March 31, 2023 10,942 $ 10.39 5.7 $ 376,967 (1) Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s common stock as of the end of the period, multiplied by the number of stock options outstanding.
Schedule of Performance Stock Unit Activity	Performance stock unit activity during the nine months ended March 31, 2023 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2022 3,470 $ 26.40 Granted 1,604 16.69 Vested ( 786 ) 24.60 Forfeited ( 150 ) 24.68 Balance as of March 31, 2023 4,138 $ 23.04
Schedule of Restricted Stock Unit Activity	Restricted stock unit activity during the nine months ended March 31, 2023 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2022 1,001 $ 29.18 Granted 1,669 20.02 Vested ( 357 ) 26.01 Forfeited ( 116 ) 23.94 Balance as of March 31, 2023 2,197 $ 22.99
Summary of Stock-Based Compensation Expense	The Company recorded stock-based compensation expense in the unaudited condensed consolidated statements of operations as follows (in thousands): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Cost of revenues Cost of SaaS and support $ 486 $ 359 $ 1,317 $ 882 Cost of professional services 1,038 869 2,931 2,284 Research and development 4,571 5,136 11,351 13,771 Sales and marketing 6,029 7,330 18,134 20,687 General and administrative 6,635 9,133 21,062 24,671 Total stock-based compensation $ 18,759 $ 22,827 $ 54,795 $ 62,295

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share for the periods presented (in thousands, except per share data): Three Months Ended March 31, Nine Months Ended March 31, 2023 2022 2023 2022 Numerator: Net loss $ ( 18,147 ) $ ( 28,736 ) $ ( 57,955 ) $ ( 78,091 ) Denominator: Weighted-average shares used to compute net loss per share - basic and diluted 64,327 61,564 63,487 60,868 Net loss per share - basic and diluted $ ( 0.28 ) $ ( 0.47 ) $ ( 0.91 ) $ ( 1.28 )
Schedule of Anti-dilutive Securities Excluded from Computation of Net Loss Per Share Attributable to Common Stockholders	Basic net loss per share is the same as diluted net loss per share because the Company reported net losses for all periods presented. The Company excluded the following potential shares of common stock from the calculation of diluted net loss per share because their effect would be anti-dilutive (in thousands): As of March 31, 2023 2022 Outstanding stock options to purchase common stock 10,942 13,096 Unvested performance stock units and restricted stock units 6,335 4,581 Shares issuable under employee stock purchase plan 52 41 Total 17,329 17,718

Description of Business - Addit

Description of Business - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions			9 Months Ended
	Jul. 08, 2021	Jul. 02, 2021	Mar. 31, 2023	Mar. 31, 2022
Common Stock
Subsidiary Sale Of Stock [Line Items]
Conversion of convertible preferred stock to common stock upon initial public offering, shares				19,034,000
Initial Public Offering | Series A and Series A-1 Convertible Preferred Stock
Subsidiary Sale Of Stock [Line Items]
Temporary equity, description			Upon the closing of the IPO, all outstanding shares of Series A and Series A-1 convertible preferred stock automatically converted into 19,034,437 shares of common stock on a one-for-one basis.
Initial Public Offering | Common Stock
Subsidiary Sale Of Stock [Line Items]
Number of shares sold		10,500,000		12,075,000
Public offering price per share		$ 26
Net proceeds from offering		$ 244.8
Underwriting discounts		18.4
Offering costs		$ 9.8
Initial Public Offering | Common Stock | Series A and Series A-1 Convertible Preferred Stock
Subsidiary Sale Of Stock [Line Items]
Conversion of convertible preferred stock to common stock upon initial public offering, shares		19,034,437
Underwriters | Common Stock
Subsidiary Sale Of Stock [Line Items]
Number of shares sold	1,575,000
Public offering price per share	$ 26
Net proceeds from offering	$ 38.2
Underwriting discounts	$ 2.8

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) $ in Thousands			3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($) Client	Jun. 30, 2022 USD ($) Client	Mar. 31, 2023 USD ($) Client	Mar. 31, 2022 Client	Mar. 31, 2023 USD ($) Client	Mar. 31, 2022 Client	Jul. 01, 2022 USD ($)
Summary Of Accounting Policies [Line Items]
Prepayments, deferred rent and accrued lease incentives							$ 3,400
Right of use asset	$ 15,784	$ 0	$ 15,784		$ 15,784		21,300
Operating lease commitment	$ 19,679		$ 19,679		$ 19,679		$ 24,700
Operating lease expiration year					2030
ASU 2019-12
Summary Of Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true		true		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jul. 01, 2022		Jul. 01, 2022		Jul. 01, 2022
Change in Accounting Principle, Accounting Standards Update, Immaterial Effect [true false]	true		true		true
ASU 2016-02
Summary Of Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true		true		true
Change in Accounting Principle, Accounting Standards Update, Adoption Date	Jul. 01, 2022		Jul. 01, 2022		Jul. 01, 2022
Customer Concentration Risk | Revenues
Summary Of Accounting Policies [Line Items]
Number of client individually accounted for 10% or more | Client			0	0	0	0
Customer Concentration Risk | Accounts Receivable
Summary Of Accounting Policies [Line Items]
Number of client individually accounted for 10% or more | Client	0	1
Customer Concentration Risk | Accounts Receivable | Significant Customer
Summary Of Accounting Policies [Line Items]
Concentrations of credit risk percentage		20%
SaaS and Support
Summary Of Accounting Policies [Line Items]
Majority subscription arrangements term					1 year
SaaS and Support | Maximum
Summary Of Accounting Policies [Line Items]
Subscription arrangements term					3 years
SaaS and Support | Minimum
Summary Of Accounting Policies [Line Items]
Subscription arrangements term					1 year

Revenues - Summary of Revenues

Revenues - Summary of Revenues by Geography (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Disaggregation Of Revenue [Line Items]
Total revenues	$ 92,024	$ 69,663	$ 256,254	$ 196,550
United States
Disaggregation Of Revenue [Line Items]
Total revenues	64,666	49,002	178,205	136,107
United Kingdom
Disaggregation Of Revenue [Line Items]
Total revenues	13,506	10,043	40,029	33,363
Rest of the World
Disaggregation Of Revenue [Line Items]
Total revenues	$ 13,852	$ 10,618	$ 38,020	$ 27,080

Revenues - Additional Informati

Revenues - Additional Information (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($) Country	Mar. 31, 2022 Country	Mar. 31, 2023 USD ($) Country	Mar. 31, 2022 Country	Jun. 30, 2022 USD ($)
Disaggregation Of Revenue [Line Items]
Allowance for doubtful accounts associated with unbilled receivables	$ 0		$ 0		$ 0
Revenue recognized pertaining to deferred revenue			125,200,000
Remaining performance obligations	$ 380,300,000		$ 380,300,000
Excluding United States, United Kingdom and Rest of the World
Disaggregation Of Revenue [Line Items]
Countries accounted for 10% or more of revenues | Country	0	0	0	0

Revenues - Summary of Contract

Revenues - Summary of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2023	Jun. 30, 2022
Revenue Recognition [Abstract]
Unbilled accounts receivable, net	[1]	$ 12,714	$ 6,922
Deferred revenue, net		$ 167,737	$ 145,480
[1] The long-term portion of $ 72 and $ 159 as of March 31, 2023 and June 30, 2022, respectively, is included in other assets.

Revenues - Summary of Contrac_2

Revenues - Summary of Contract Assets and Liabilities (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Revenue Recognition [Abstract]
Long-term portion of unbilled accounts receivable, net	$ 72	$ 159

Revenues - Additional Informa_2

Revenues - Additional Information 1 (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-04-01	Mar. 31, 2023
Disaggregation Of Revenue [Line Items]
Revenue, Remaining Performance Obligation, Percentage	62%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amounts of Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Balance, beginning of period	$ 269,103	$ 262,270
Purchase price adjustment	784	0
Foreign currency translation adjustment	156	(479)
Balance, end of period	$ 270,043	$ 261,791

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Goodwill [Line Items]
Purchase price adjustment	$ 784	$ 0
Billstream
Goodwill [Line Items]
Purchase price adjustment	$ 800

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Finite Lived Intangible Assets [Line Items]
Accumulated amortization	$ (73,893)	$ (65,801)
Net carrying amount	35,655
Intangible assets gross carrying amount excluding goodwill	114,231	114,231
Intangible assets, net carrying amount excluding goodwill	40,338	48,430
Client Relationships
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	47,600	47,600
Accumulated amortization	(23,192)	(19,789)
Net carrying amount	$ 24,408	$ 27,811
Client Relationships | Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	9 years	9 years
Client Relationships | Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	15 years	15 years
Noncompete Agreements
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 4,407	$ 4,407
Accumulated amortization	(3,234)	(2,871)
Net carrying amount	$ 1,173	$ 1,536
Noncompete Agreements | Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	4 years	4 years
Noncompete Agreements | Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	5 years	5 years
Trademarks and Trade Names
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 7,822	$ 7,822
Accumulated amortization	(5,000)	(4,190)
Net carrying amount	2,822	3,632
Indefinite gross carrying amount	4,683	4,683
Indefinite net carrying amount	$ 4,683	$ 4,683
Trademarks and Trade Names | Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	5 years	5 years
Trademarks and Trade Names | Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	10 years	10 years
Core Technology
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 49,219	$ 49,219
Accumulated amortization	(42,266)	(38,936)
Net carrying amount	$ 6,953	$ 10,283
Core Technology | Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	4 years	4 years
Core Technology | Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	5 years	5 years
Backlog
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	2 years	2 years
Gross carrying amount	$ 500	$ 500
Accumulated amortization	(201)	(15)
Net carrying amount	$ 299	$ 485

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Amortization Expense Related to Acquired Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 2,505	$ 3,518	$ 8,092	$ 10,137
Cost of SaaS and Support
Finite Lived Intangible Assets [Line Items]
Total amortization expense	918	1,964	3,331	5,891
Sales and Marketing
Finite Lived Intangible Assets [Line Items]
Total amortization expense	1,467	1,448	4,398	3,927
General and Administrative
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 120	$ 106	$ 363	$ 319

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2023 (remaining 3 months)	$ 2,506
2024	9,104
2025	6,451
2026	4,271
2027	4,245
2028 and thereafter	9,078
Net carrying amount	$ 35,655

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring Basis - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Liabilities:
Liability for contingent consideration, current portion	$ 3,253	$ 9,709
Liability for contingent consideration, non-current portion		4,126
Total	3,253	13,835
Level 1
Liabilities:
Liability for contingent consideration, current portion	0	0
Liability for contingent consideration, non-current portion		0
Total	0	0
Level 2
Liabilities:
Liability for contingent consideration, current portion	0	0
Liability for contingent consideration, non-current portion		0
Total	0	0
Level 3
Liabilities:
Liability for contingent consideration, current portion	3,253	9,709
Liability for contingent consideration, non-current portion		4,126
Total	$ 3,253	$ 13,835

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022
Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of contingent consideration liabilities, current	$ 3.3
Bill Stream | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business combination, contingent consideration, liability		$ 4.1
Repstor Member
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Payment of contingent consideration	$ 9.3

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Changes in Fair Value of Contingent Consideration Liabilities (Details) - Contingent Consideration Liability $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($)
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance as of June 30, 2022	$ 13,835
Payment of contingent consideration	(9,299)
Change in fair value of contingent consideration	(873)
Effect of foreign currency exchange rate changes	(410)
Balance as of March 31, 2023	$ 3,253

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Property Plant And Equipment [Line Items]
Property and equipment, Gross	$ 25,881	$ 19,797
Less: accumulated depreciation and amortization	(10,386)	(7,514)
Property and equipment, net	15,495	12,283
Computer Equipment and Software
Property Plant And Equipment [Line Items]
Property and equipment, Gross	1,887	1,197
Capitalized Internal-Use Software
Property Plant And Equipment [Line Items]
Property and equipment, Gross	15,364	11,076
Furniture and Office Equipment
Property Plant And Equipment [Line Items]
Property and equipment, Gross	2,433	1,959
Leasehold Improvements
Property Plant And Equipment [Line Items]
Property and equipment, Gross	5,887	5,284
Construction in Progress
Property Plant And Equipment [Line Items]
Property and equipment, Gross	$ 310	$ 281

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 0.4	$ 0.4	$ 1.2	$ 1
Capitalized software amortization	0.8	$ 0.5	2.1	1.4
Capitalized costs to software development			4.3	$ 3.1
Net book value of capitalized software development costs	$ 9.5		$ 9.5		$ 7.3

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating lease expiration year		2030
Operating lease liability		$ 3.5
Operating lease, option to extend the term		5 years
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]		Other Liabilities, Current
Net impairment charge related to operating lease right-of-use assets		$ 1.6
Operating lease, rent expense	$ 2.2		$ 6.6

Leases - Schedule of Components

Leases - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
		Mar. 31, 2023	Mar. 31, 2023
Lease, Cost [Abstract]
Operating lease cost	[1]	$ 1,462	$ 4,652
Short-term lease cost		$ 198	$ 596
[1] Amount excluded a net charge of $ 1.6 million related to lease modification and impairment for the nine months ended March 31, 2023 as described above.

Leases - Schedule of Componen_2

Leases - Schedule of Components of Lease Costs (Parenthetical) (Details) $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($)
Lease, Cost [Abstract]
Net impairment charge related to right-of-use lease assets	$ 1.6

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Operating Leases Term and Discount Rate (Details)	Mar. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	6 years 6 months
Weighted-average discount rate	7.10%

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($)
Leases [Abstract]
Cash payments included in the measurement of operating lease liabilities	$ 5,777
ROU assets obtained in exchange for new operating lease liabilities	$ 713

Leases - Schedule of Remaining

Leases - Schedule of Remaining Maturities of Operating Lease Liabilities And Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jul. 01, 2022	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Remainder of fiscal year	$ 1,803
Year 1	3,769
Year 2	3,341
Year 3	3,389
Year 4	2,849
Year 4 and thereafter	9,548
Total lease payments	24,699
Less: imputed interest	(5,020)
Present value of operating lease liabilities	$ 19,679	$ 24,700
ASC 840
Lessee, Lease, Description [Line Items]
Year 1			$ 7,882
Year 2			3,625
Year 3			3,311
Year 4			3,359
Year 5			2,721
Year 5 and thereafter			9,379
Total lease payments			$ 30,277

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - Microsoft - Cloud Services Commitment $ in Millions	1 Months Ended
	Dec. 31, 2021 USD ($)
Long Term Purchase Commitment [Line Items]
Purchase commitment, end date	2028-12
Purchase commitment, option to extend remaining commitment term	12 months
Purchase commitment, option to extend remaining commitment date	2029-12
Minimum
Long Term Purchase Commitment [Line Items]
Purchase commitment amount	$ 110

Debt - Additional Information (

Debt - Additional Information (Details)			3 Months Ended		9 Months Ended
	Oct. 05, 2021 USD ($)	Jul. 12, 2021 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2021 USD ($)
Debt Instrument [Line Items]
Loss on debt extinguishment		$ 2,400,000	$ 0	$ 0	$ 0	$ 2,407,000
JP Morgan Credit Agreement
Debt Instrument [Line Items]
Debt instrument, outstanding borrowings			$ 0		$ 0
JP Morgan Credit Agreement | Minimum
Debt Instrument [Line Items]
Net leverage ratio	0.0025
JP Morgan Credit Agreement | Maximum
Debt Instrument [Line Items]
Net leverage ratio	0.0040
JP Morgan Credit Agreement | SOFR | Minimum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	1.75%
JP Morgan Credit Agreement | SOFR | Maximum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	2.50%
JP Morgan Credit Agreement | Alternate Base Rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	0.75%
JP Morgan Credit Agreement | Alternate Base Rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	1.50%
Term Loan
Debt Instrument [Line Items]
Debt instrument, outstanding borrowings							$ 273,000,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit							$ 5,000,000
Revolving Credit Facility | JP Morgan Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 50,000,000
Senior Secured Revolving Credit Facility | JP Morgan Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Debt instrument term	5 years
Letters of Credit | JP Morgan Credit Agreement
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 10,000,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - $ / shares	9 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Jul. 02, 2021
Equity [Abstract]
Common stock, shares authorized	700,000,000	700,000,000	700,000,000
Preferred stock, shares authorized	50,000,000	50,000,000	50,000,000
Common stock, par value per share	$ 0.001	$ 0.001	$ 0.001
Preferred stock, par value per share	$ 0.001	$ 0.001	$ 0.001
Preferred stock convertible shares issuable			19,034,437
Shares issued upon conversion for each share			1
Preferred stock convertible terms	all outstanding shares of Series A and Series A-1 convertible preferred stock were automatically converted into 19,034,437 shares of the Company’s common stock on a one-for-one basis.

Stockholders' Equity and Stoc_3

Stockholders' Equity and Stock-Based Compensation - Additional Information (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares	Mar. 31, 2022 USD ($)	Jul. 01, 2022 shares	Jun. 30, 2022 $ / shares shares	Jul. 02, 2021 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Common stock, shares authorized	700,000,000			700,000,000	700,000,000
Preferred stock, shares authorized	50,000,000			50,000,000	50,000,000
Common stock, par value per share | $ / shares	$ 0.001			$ 0.001	$ 0.001
Preferred stock, par value per share | $ / shares	$ 0.001			$ 0.001	$ 0.001
Preferred stock convertible shares issuable					19,034,437
Shares issued upon conversion for each share					1
Preferred stock convertible terms	all outstanding shares of Series A and Series A-1 convertible preferred stock were automatically converted into 19,034,437 shares of the Company’s common stock on a one-for-one basis.
Proceeds from stock option exercises | $	$ 15,727	$ 8,070
Unrecognized compensation cost related to unvested stock-based awards granted | $	$ 91,000
Unrecognized compensation cost related to unvested stock-based awards granted, weighted-average period for recognition	2 years 3 months 18 days
2021 Omnibus Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares added			3,999,369
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of shares added			799,873
Unrecognized compensation cost related to unvested stock-based awards granted, weighted-average period for recognition	8 months 12 days
Purchase price of common stock lower of fair market value, percent	85%
Terms of award	The initial offering period for the ESPP began on December 16, 2021 with two subsequent offering periods that began on June 1, 2022 and December 1, 2022, respectively. These offering periods will end on November 30, 2023. Each offering period consists of two or more purchase dates at six-month intervals. During the nine months ended March 31, 2023, 65,514 shares have been purchased under the ESPP.
Expiration date	Nov. 30, 2023
Shares purchased during period	65,514
Unrecognized compensation costs | $	$ 1,000
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Share based exercise granted period	4 years
Share based compensation expiration period	10 years
Share based compensation exercise price of incentive stock options granted percentage	1
Total intrinsic value of options exercised | $	$ 34,600
Proceeds from stock option exercises | $	$ 15,700

Stockholders' Equity and Stoc_4

Stockholders' Equity and Stock-Based Compensation - Schedule of Shares of Common Stock Reserved (Details) shares in Thousands	Mar. 31, 2023 shares
Class Of Stock [Line Items]
Shares of common stock reserved	22,622
Outstanding Stock Options
Class Of Stock [Line Items]
Shares of common stock reserved	10,942
Unvested Performance Stock Units and Restricted Stock Units
Class Of Stock [Line Items]
Shares of common stock reserved	6,335
Reserved for Future Stock Award Grants
Class Of Stock [Line Items]
Shares of common stock reserved	3,213
Reserved for ESPP
Class Of Stock [Line Items]
Shares of common stock reserved	2,132

Stockholders' Equity and Stoc_5

Stockholders' Equity and Stock-Based Compensation - Summary of Stock Option Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended		12 Months Ended
	Mar. 31, 2023 USD ($) $ / shares shares		Jun. 30, 2022 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of Options, Outstanding, Beginning balance | shares	12,773
Number of Options, Granted | shares	0
Number of Options, Exercised | shares	(1,531)
Number of Options, Forfeited | shares	(300)
Number of Options, Outstanding, Ending balance | shares	10,942		12,773
Number of Options, Vested and exercisable | shares	9,921
Number of Options, Vested and expected to vest | shares	10,942
Weighted-Average Exercise Price, Beginning balance | $ / shares	$ 10.56
Weighted-Average Exercise Price, Granted | $ / shares	0
Weighted-Average Exercise Price, Exercised | $ / shares	10.27
Weighted-Average Exercise Price, Forfeited | $ / shares	18.09
Weighted-Average Exercise Price, Ending balance | $ / shares	10.39		$ 10.56
Weighted-Average Exercise Price, Vested and exercisable | $ / shares	9.53
Weighted-Average Exercise Price, Vested and expected to vest | $ / shares	$ 10.39
Weighted-Average Remaining Contractual Term	5 years 8 months 12 days		6 years 6 months
Weighted-Average Remaining Contractual Term, Vested and exercisable	5 years 6 months
Weighted-Average Remaining Contractual Term, Vested and expected to vest	5 years 8 months 12 days
Aggregate Intrinsic Value | $	$ 376,967	[1]	$ 65,284	[1]
Aggregate Intrinsic Value, Vested and exercisable | $	350,261	[1]
Aggregate Intrinsic Value, Vested and expected to vest | $	$ 376,967	[1]
[1] Aggregate intrinsic value for stock options represents the difference between the exercise price and the per share fair value of the Company’s common stock as of the end of the period, multiplied by the number of stock options outstanding.

Stockholders' Equity and Stoc_6

Stockholders' Equity and Stock-Based Compensation - Schedule of Performance Stock Unit Activity (Details) - Performance Stock Unit shares in Thousands	9 Months Ended
	Mar. 31, 2023 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance | shares	3,470
Number of Shares, Granted | shares	1,604
Number of Shares, Vested | shares	(786)
Number of Shares, Forfeited | shares	(150)
Number of Shares, Ending balance | shares	4,138
Weighted-Average Grant Date Fair Value, Beginning balance | $ / shares	$ 26.40
Weighted-Average Grant Date Fair Value, Granted | $ / shares	16.69
Weighted-Average Grant Date Fair Value, Vested | $ / shares	24.60
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	24.68
Weighted-Average Grant Date Fair Value, Ending balance | $ / shares	$ 23.04

Stockholders' Equity and Stoc_7

Stockholders' Equity and Stock-Based Compensation - Schedule of Restricted Stock Unit Activity (Details) - Restricted Stock Unit shares in Thousands	9 Months Ended
	Mar. 31, 2023 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance | shares	1,001
Number of Shares, Granted | shares	1,669
Number of Shares, Vested | shares	(357)
Number of Shares, Forfeited | shares	(116)
Number of Shares, Ending balance | shares	2,197
Weighted-Average Grant Date Fair Value, Beginning balance | $ / shares	$ 29.18
Weighted-Average Grant Date Fair Value, Granted | $ / shares	20.02
Weighted-Average Grant Date Fair Value, Vested | $ / shares	26.01
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	23.94
Weighted-Average Grant Date Fair Value, Ending balance | $ / shares	$ 22.99

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	$ 18,759	$ 22,827	$ 54,795	$ 62,295
Cost of SaaS and Support
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	486	359	1,317	882
Cost of Professional Services
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	1,038	869	2,931	2,284
Research and Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	4,571	5,136	11,351	13,771
Sales and Marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	6,029	7,330	18,134	20,687
General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	$ 6,635	$ 9,133	$ 21,062	$ 24,671

Net Loss Per Share - Computatio

Net Loss Per Share - Computation of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net loss	$ (18,147)	$ (28,736)	$ (57,955)	$ (78,091)
Denominator:
Weighted-average shares used to compute net loss per share attributable to common stockholders, basic	64,327	61,564	63,487	60,868
Weighted-average shares used to compute net loss per share attributable to common stockholders, diluted	64,327	61,564	63,487	60,868
Net loss per share attributable to common stockholders
Basic	$ (0.28)	$ (0.47)	$ (0.91)	$ (1.28)
Net loss per share attributable to common stockholders
Diluted	$ (0.28)	$ (0.47)	$ (0.91)	$ (1.28)

Net Loss Per Share - Schedule o

Net Loss Per Share - Schedule of Anti-dilutive Securities Excluded from Computation of Net Loss Per Share Attributable to Common Stockholders (Details) - shares shares in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	17,329	17,718
Outstanding Stock Options to Purchase Common Stock
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	10,942	13,096
Unvested Performance Stock Units and Restricted Stock Units
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	6,335	4,581
Shares Issuable under Employee Stock Purchase Plan
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	52	41

Subsequent Event - Additional I

Subsequent Event - Additional Information (Details) - Paragon Data Labs - Subsequent Event $ in Millions	May 02, 2023 USD ($)
Subsequent Event [Line Items]
Percentage of equity interest	100%
Purchase consideration for acquisition	$ 7.6
Deferred consideration and holdback	2.2
Maximum of contingent consideration payable	$ 10.2