Intapp (INTA) 10-Q 7 Nov 24 2025 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Sep. 30, 2024	Oct. 29, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		77,385,502
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	Sep. 30, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 253,847	$ 208,370
Restricted cash	200	200
Accounts receivable, net of allowance of $1,117 and $1,406 as of September 30, 2024 and June 30, 2024, respectively	62,053	95,103
Unbilled receivables, net	12,777	13,300
Other receivables, net	2,732	2,743
Prepaid expenses	11,294	9,031
Deferred commissions, current	13,678	13,907
Total current assets	356,581	342,654
Property and equipment, net	19,441	18,944
Operating lease right-of-use assets	20,030	21,382
Goodwill	286,472	285,969
Intangible assets, net	37,291	40,293
Deferred commissions, noncurrent	17,057	18,495
Other assets	5,550	5,262
Total assets	742,422	732,999
Current liabilities:
Accounts payable	16,013	13,348
Accrued compensation	33,958	42,066
Accrued expenses	8,600	12,040
Deferred revenue, net	203,114	218,923
Other current liabilities	11,575	14,270
Total current liabilities	273,260	300,647
Deferred tax liabilities	1,298	1,336
Deferred revenue, noncurrent	2,097	3,563
Operating lease liabilities, noncurrent	18,626	19,605
Other liabilities	5,021	4,610
Total liabilities	300,302	329,761
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, $0.001 par value per share, 50,000 shares authorized; no shares issued or outstanding as of September 30, 2024 and June 30, 2024, respectively
Common stock, $0.001 par value per share, 700,000 shares authorized; 77,285 and 74,624 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively	78	75
Additional paid-in capital	934,585	891,681
Accumulated other comprehensive loss	(841)	(1,336)
Accumulated deficit	(491,702)	(487,182)
Total stockholders' equity	442,120	403,238
Total liabilities and stockholders' equity	$ 742,422	$ 732,999

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Allowance for doubtful accounts	$ 1,117	$ 1,406
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	77,285,000	74,624,000
Common stock, shares outstanding	77,285,000	74,624,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenues
Total revenues	$ 118,805	$ 101,575
Cost of revenues
Total cost of revenues	31,934	31,573
Gross profit	86,871	70,002
Operating expenses:
Research and development	32,427	28,496
Sales and marketing	37,760	34,419
General and administrative	23,938	21,052
Total operating expenses	94,125	83,967
Operating loss	(7,254)	(13,965)
Interest and other income (expense), net	3,422	(943)
Net loss before income taxes	(3,832)	(14,908)
Income tax expense	(688)	(413)
Net loss	$ (4,520)	$ (15,321)
Net loss per share, basic	$ (0.06)	$ (0.22)
Net loss per share, diluted	$ (0.06)	$ (0.22)
Weighted-average shares used to compute net loss per share, basic	75,604	68,937
Weighted-average shares used to compute net loss per share , diluted	75,604	68,937
SaaS
Revenues
Total revenues	$ 76,876	$ 58,913
Cost of revenues
Total cost of revenues	15,318	12,711
License
Revenues
Total revenues	28,492	28,051
Cost of revenues
Total cost of revenues	1,752	1,702
Professional Services
Revenues
Total revenues	13,437	14,611
Cost of revenues
Total cost of revenues	$ 14,864	$ 17,160

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (4,520)	$ (15,321)
Other comprehensive income (loss):
Foreign currency translation adjustments	495	(291)
Other comprehensive income (loss):	495	(291)
Comprehensive loss	$ (4,025)	$ (15,612)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Follow-On Public Offering	Common Stock	Additional Paid-in Capital	Additional Paid-in Capital Follow-On Public Offering	Accumulated Other Comprehensive Loss	Accumulated Deficit
Beginning Balance at Jun. 30, 2023	$ 341,208		$ 69	$ 797,639		$ (1,339)	$ (455,161)
Beginning Balance, shares at Jun. 30, 2023			68,574
Issuance of common stock upon exercise of stock options	2,324			2,324
Issuance of common stock upon exercise of stock options, shares			229
Vesting of performance stock and restricted stock units, net of shares withheld for taxes, shares			575
Stock-based compensation	18,757			18,757
Issuance of common stock, net of offering costs / issuance costs		$ (4)			$ (4)
Foreign currency translation adjustments	(291)					(291)
Net loss	(15,321)						(15,321)
Ending Balance at Sep. 30, 2023	346,673		$ 69	818,716		(1,630)	(470,482)
Ending Balance, shares at Sep. 30, 2023			69,378
Beginning Balance at Jun. 30, 2024	403,238		$ 75	891,681		(1,336)	(487,182)
Beginning Balance, shares at Jun. 30, 2024			74,624
Issuance of common stock upon exercise of stock options	$ 22,918		$ 2	22,916
Issuance of common stock upon exercise of stock options, shares	2,038		2,038
Vesting of performance stock units and restricted stock units, net of shares withheld for taxes			$ 1	(1)
Vesting of performance stock and restricted stock units, net of shares withheld for taxes, shares			623
Stock-based compensation	$ 19,989			19,989
Foreign currency translation adjustments	495					495
Net loss	(4,520)						(4,520)
Ending Balance at Sep. 30, 2024	$ 442,120		$ 78	$ 934,585		$ (841)	$ (491,702)
Ending Balance, shares at Sep. 30, 2024			77,285

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) $ in Thousands	3 Months Ended
	Sep. 30, 2023 USD ($)
Follow-On Public Offering
Offering costs / Issuance costs	$ 1,569

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows from Operating Activities:
Net loss	$ (4,520)	$ (15,321)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	4,467	4,009
Amortization of operating lease right-of-use assets	1,280	1,130
Accounts receivable allowances	550	425
Stock-based compensation	19,989	18,757
Change in fair value of contingent consideration	(1,004)	(1,431)
Deferred income taxes	(48)	(113)
Other	38	38
Changes in operating assets and liabilities:
Accounts receivable	30,207	23,472
Unbilled receivables, current	523	(3,886)
Prepaid expenses and other assets	(2,568)	(1,342)
Deferred commissions	1,667	121
Accounts payable and accrued liabilities	(8,060)	(11,277)
Deferred revenue, net	(17,275)	222
Operating lease liabilities	(1,331)	(1,571)
Other liabilities	531	(1,621)
Net cash provided by operating activities	24,446	11,612
Cash Flows from Investing Activities:
Purchases of property and equipment	(354)	(1,141)
Capitalized internal-use software costs	(1,534)	(1,861)
Business combinations, net of cash acquired	(897)	0
Net cash used in investing activities	(2,785)	(3,002)
Cash Flows from Financing Activities:
Payments for deferred offering costs	0	(633)
Proceeds from stock option exercises	22,918	2,324
Payments of deferred contingent consideration and holdback associated with acquisitions	(1,387)	0
Net cash provided by financing activities	21,531	1,691
Effect of foreign currency exchange rate changes on cash and cash equivalents	2,285	261
Net increase in cash, cash equivalents and restricted cash	45,477	10,562
Cash, cash equivalents and restricted cash - beginning of period	208,570	131,185
Cash, cash equivalents and restricted cash - end of period	254,047	141,747
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:
Cash and cash equivalents	253,847	141,547
Restricted cash	200	200
Total cash, cash equivalents and restricted cash	254,047	141,747
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest	0	1
Cash paid for income taxes, net of tax refunds	529	128
Non-cash investing and financing activities:
Purchases of property and equipment in accounts payable and accrued liabilities	45	175
Capitalized Internal-use Software Costs In Accounts Payable And Accrued Liabilities	742	0
Deferred offering costs in accounts payable and accrued liabilities		146
Deferred Consideration And Acquisition Holdbacks Included In Accounts Payable Accrued Liabilities And Other Liabilities	$ 3,695	$ 8,374

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (4,520)	$ (15,321)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024 shares
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	Rule 10b5-1 Trading Plans Ben Harrison , the Company’s President, Industries , entered into a Rule 10b5-1 Plan on September 13, 2024 , which has an end date of December 31, 2025 . Mr. Harrison’s Rule 10b5-1 Plan provides for the potential sale of the net shares of Intapp common stock that Mr. Harrison will receive from the vesting of outstanding awards of PSUs and RSUs granted prior to the adoption of his current Rule 10b5-1 Plan until the plan’s end date. David Morton , the Company’s Chief Financial Officer , entered into a stock trading plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) (a “ Rule 10b5-1 Plan ”) on September 3, 2024 , which has an end date of August 29, 2025 . Mr. Morton’s Rule 10b5-1 Plan provides for the potential sale of up to 40,000 shares of Intapp common stock from the net shares of Intapp common stock that Mr. Morton will receive from the vesting of certain outstanding awards of PSUs and RSUs granted prior to the adoption of his current Rule 10b5-1 Plan until the plan’s end date. John Hall , the Company’s Chairman and Chief Executive Officer , entered into a Rule 10b5-1 Plan on September 13, 2024 , which has an end date of December 31, 2025 . Mr. Hall’s Rule 10b5-1 Plan provides for the potential exercise of stock options and the associated sale of up to 624,000 shares of Intapp common stock and the potential sale of the net shares of Intapp common stock that Mr. Hall will receive from the vesting of outstanding awards of PSUs (beginning with the Company’s February 2025 vesting date) and RSUs granted prior to the adoption of his current Rule 10b5-1 Plan until the plan’s end date.
David Morton
Trading Arrangements, by Individual
Name	David Morton
Title	Chief Financial Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 3, 2024
Expiration Date	August 29, 2025
Arrangement Duration	360 days
Ben Harrison
Trading Arrangements, by Individual
Name	Ben Harrison
Title	President, Industries
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 13, 2024
Expiration Date	December 31, 2025
Arrangement Duration	474 days
John Hall
Trading Arrangements, by Individual
Name	John Hall
Title	Chairman and Chief Executive Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	September 13, 2024
Expiration Date	December 31, 2025
Arrangement Duration	474 days
Aggregate Available	624,000
Potential sale of common stock | David Morton
Trading Arrangements, by Individual
Aggregate Available	40,000

Description of Business

Description of Business	3 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Note 1. Description of Business Intapp, Inc. ("Intapp" or the "Company") is a leading global provider of AI-powered solutions for professionals at advisory, capital markets and legal firms. The Company empowers the world’s premier accounting, consulting, investment banking, legal, private capital and real assets firms with the technology they need to operate more competitively, deliver timely insights to their professionals, and meet rapidly changing client, investor, and regulatory requirements. Using the power of Applied AI, its purpose-built vertical software as a service (“SaaS”) solutions accelerate the flow of information firmwide, activate expertise, empower teams, strengthen client relationships, manage risk, and help firms adapt more quickly in a highly complex ecosystem. The Company serves clients primarily in the United States (“U.S.”) and the United Kingdom (“U.K.”). 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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant 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, 2024 filed with the SEC on August 26, 2024. 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 months ended September 30, 2024 are not necessarily indicative of the results to be expected for the full year or any other period. Certain prior period amounts reported in our unaudited condensed consolidated financial statements and notes thereto have been reclassified to conform to the current year presentation. Effective July 1, 2024, the Company adjusted the classification of support services related to subscription license to be included within “license” on the unaudited condensed consolidated statements of operations. Prior to July 1, 2024, support services related to subscription license was included in a line item entitled “SaaS and Support.” The presentation of cost of revenues has been conformed to reflect the changes related to the presentation of revenues. Such reclassifications related to the presentation of revenues and cost of revenues did not affect total revenues, operating income, or net income. There was no change to the Company's revenue recognition policy, except for the change in classification noted herein. Accordingly, effective July 1, 2024, SaaS revenues include subscription fees from clients accessing our SaaS solutions, premium support services related to SaaS, and updates, if any, to the subscribed service during the subscription term. The Company recognizes SaaS revenues ratably over the contract term beginning on the commencement date of each contract, which is the date when the Company’s service is available to clients. License revenues include subscription fees from providing clients with the right to functional intellectual property where clients can benefit from the subscription licenses on their own and support services related to the licenses, which entitles clients to receive technical support and software updates, on a when and if available basis. The Company recognizes license revenues related to subscription fees at a point in time when control of the term software application is transferred to the client, which generally occurs at the time of delivery or upon commencement of the renewal term. The Company recognizes license revenues related to support ratably over the term of the support contract which corresponds to the underlying license agreement. Use of Estimates The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires the Company 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 credit losses; 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 There have been no material changes to the Company's significant accounting policies as described in Note 2, Summary of Significant Accounting Policies , to the consolidated financial statements included in Part II, Item 8 of the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2024. Concentrations of Credit Risk and Significant Clients Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with multiple high credit quality financial institutions. The Company is exposed to credit risk for cash and cash equivalents 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. The Company has not experienced any such losses. No client individually accounted for 10% or more of the Company’s revenues for either of the three months ended September 30, 2024 and 2023. As of September 30, 2024 , no client individually accounted for 10% or more of the Company’s total accounts receivable. As of June 30, 2024 , one client individually accounted for 16 % of the Company’s total accounts receivable. Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (ASC 280): Improvements to Reportable Segment Disclosures , which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. This guidance will be applied retrospectively and will be effective for the Company for fiscal year ending June 30, 2025, and for interim periods beginning July 1, 2025. The Company is currently evaluating the impact of the adoption on its consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (ASC 740): Improvements to Income Tax Disclosures , which requires additional income tax disclosures to better assess how an entity’s operations, related tax risks, tax planning and operational opportunities affect its tax rate and prospects of future cash flows. This guidance will be effective for the Company’s fiscal year beginning July 1, 2025, and should be applied on a prospective or retrospective basis. The Company expects the adoption to result in additional disclosures only.

Revenues

Revenues	3 Months Ended
	Sep. 30, 2024
Revenue Recognition [Abstract]
Revenues	Note 3. Revenues Disaggregation of Revenues Revenues by geography were as follows (in thousands): Three Months Ended September 30, 2024 2023 U.S. $ 78,572 $ 69,855 U.K. 20,003 14,726 Rest of the world 20,230 16,994 Total $ 118,805 $ 101,575 No country other than those listed above accounted for 10% or more of the Company’s total revenues during the three months ended September 30, 2024 and 2023. Deferred Commissions Deferred commissions were $ 30.7 million and $ 32.4 million as of September 30, 2024 and June 30, 2024 , respectively. Amortization expense with respect to deferred commissions, which is included in sales and marketing expense in the Company’s unaudited condensed consolidated statements of operations, was $ 4.0 million and $ 3.5 million for the three months ended September 30, 2024 and 2023, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented. Contract balances The Company’s contract assets and liabilities were as follows (in thousands): September 30, 2024 June 30, 2024 Unbilled accounts receivable (1) $ 12,979 $ 13,363 Deferred revenue, net 205,211 222,486 (1) The long-term portion of $ 202 thousand and $ 63 thousand as of September 30, 2024 and June 30, 2024 , respectively is included in other assets on the unaudited condensed consolidated balance sheets. There was no allowance for credit losses associated with unbilled receivables as of September 30, 2024 and June 30, 2024. During the three months ended September 30, 2024 and 2023 the Company recognized $ 88.5 million a nd $ 65.3 million in revenue pertaining to deferred revenue as of June 30, 2024 and 2023, respectively. Remaining 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. SaaS subscription is typically satisfied over one to three years, license is typically satisfied at a point in time, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services contracts are not included in the performance obligations amount. As of September 30, 2024 , approximately $ 549.4 million of revenues is expected to be recognized from remaining performance obligations with approximately 56 % over the next 12 months and the remainder thereafter.

Business Combinations

Business Combinations	3 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Note 4. Business Combinations In connection with the acquisition of Transform Data International B.V. and its subsidiaries ("TDI") on May 1, 2024 , the Company paid $ 0.9 million to the seller for certain working capital adjustments during the three months ended September 30, 2024. This was included in the purchase price and is recorded in investing activities in the Company's unaudited condensed consolidated statements of cash flows. For further information refer to Note 4, Business Combinations , in the Notes to Consolidated Financial Statements included in Part II, Item 8 of the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2024.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets	Note 5. Goodwill and Intangible Assets Goodwill Changes in the carrying amounts of goodwill were as follows (in thousands): Carrying Amount Balance as of June 30, 2024 $ 285,969 Foreign currency translation adjustment 503 Balance as of September 30, 2024 $ 286,472 Intangible Assets Intangible assets acquired through business combinations consisted of the following (in thousands): September 30, 2024 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 48,900 $ ( 30,051 ) $ 18,849 Non-compete agreements 3 to 5 4,907 ( 4,198 ) 709 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 5,878 ) 1,944 Core technology 2 to 7 60,584 ( 49,624 ) 10,960 Backlog 2 1,000 ( 854 ) 146 Intangible assets, net $ 127,896 $ ( 90,605 ) $ 37,291 June 30, 2024 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 48,900 $ ( 28,949 ) $ 19,951 Non-compete agreements 3 to 5 4,907 ( 4,035 ) 872 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 5,773 ) 2,049 Core technology 2 to 7 60,584 ( 48,054 ) 12,530 Backlog 2 1,000 ( 792 ) 208 Intangible assets, net $ 127,896 $ ( 87,603 ) $ 40,293 Amortization expense related to acquired intangible assets was recognized as follows (in thousands): Three Months Ended September 30, 2024 2023 Cost of SaaS $ 1,571 $ 1,055 Sales and marketing 1,268 1,487 General and administrative 163 163 Total amortization expense $ 3,002 $ 2,705 As of September 30, 2024, the estimated future amortization expense for acquired intangible assets is as follows (in thousands): Fiscal Year Ending June 30, Amount 2025 (remaining 9 months) $ 8,161 2026 7,835 2027 5,121 2028 4,623 2029 3,252 2030 and thereafter 3,616 Total remaining amortization $ 32,608

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 6. 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). Money market funds are classified as Level 1 as the assets are valued using quoted prices in active markets. Liabilities for contingent consideration related to business combinations are classified as Level 3 liabilities as the Company uses unobservable inputs in the valuation, specifically related to the projected total contract value generated by the acquired businesses for a distinct period of time. The following table sets forth the Company’s financial assets that were measured at fair value on a recurring basis as of the date indicated by level within the fair value hierarchy (in thousands): September 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents: Money market funds $ 160,373 $ — $ — $ 160,373 Total financial assets $ 160,373 $ — $ — $ 160,373 June 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents: Money market funds $ 78,677 $ — $ — $ 78,677 Total financial assets $ 78,677 $ — $ — $ 78,677 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): September 30, 2024 Level 1 Level 2 Level 3 Total Financial Liabilities: Liability for contingent consideration, current portion $ — $ — $ 154 $ 154 Liability for contingent consideration, non-current portion — — 104 104 Total financial liabilities $ — $ — $ 258 $ 258 June 30, 2024 Level 1 Level 2 Level 3 Total Financial Liabilities: Liability for contingent consideration, current portion $ — $ — $ 2,405 $ 2,405 Liability for contingent consideration, non-current portion — — 153 153 Total financial liabilities $ — $ — $ 2,558 $ 2,558 In connection with the acquisition of TDI, the Company is obligated to pay up to $ 1.1 million in cash on achievement of certain performance measures and in some cases, continued employment or service with the Company or its subsidiaries. The fair value of the contingent consideration liability was measured based on the probability of achieving certain performance measures pursuant to the acquisition agreement. The total fair value of the contingent consideration liability was $ 0.8 million as of September 30, 2024 and June 30, 2024 , of which $ 0.1 million was included as part of purchase consideration upon acquisition and $ 0.7 million was accounted for as post-combination compensation costs to be recognized over the required service period. Accordingly, the Company recorded a contingent consideration liability of $ 0.2 million as of September 30, 2024 and June 30, 2024 in other liabilities on the unaudited condensed consolidated balance sheets. In connection with the acquisition of Paragon Data Labs, Inc. in May 2023, the Company recorded a contingent consideration liability of $ 4.3 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. During the three months ended September 30, 2024 , the Company paid $ 1.4 million related to the contingent consideration. The fair value of the contingent consideration was not material as of September 30, 2024 and was $ 2.4 million as of June 30, 2024, which was included in other current liabilities on the unaudited condensed consolidated balance sheets. The fair value of the contingent consideration was initially estimated on the acquisition date 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 expenses 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 interest and other income (expense), net on the unaudited condensed consolidated statements of operations. Changes in contingent consideration liabilities were as follows (in thousands): Three Months Ended September 30, 2024 2023 Balance, beginning of period $ 2,558 $ 6,681 Payment of contingent consideration ( 1,387 ) — Change of contingent consideration ( 920 ) ( 1,431 ) Effect of foreign currency exchange rate changes 7 — Balance, end of period $ 258 $ 5,250 Other financial instruments consist of accounts receivable, accounts payable, accrued expenses, accrued liabilities and other current liabilities, which are stated at their carrying value as it approximates fair value due to the short time to expected receipt or payment.

Internal-Use Software Costs

Internal-Use Software Costs	3 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Internal-Use Software Costs	Note 7. Internal-Use Software Costs Capitalized Internal-Use Software Costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development, or costs related to development of our hosted SaaS products are capitalized during the application development stage. The Company capitalized $ 1.6 million and $ 1.5 million of costs related to software developed for internal use during the three months ended September 30, 2024 and 2023 , respectively. Capitalized stock-based compensation expense was not material for the periods presented. Amortization expense related to capitalized internal-use software was $ 0.9 million and $ 0.8 million for the three months ended September 30, 2024 and 2023 , respectively, and was recognized in cost of revenues related to SaaS in the unaudited condensed consolidated statements of operations. The net book value of capitalized internal-use software was $ 14.2 million and $ 13.5 million as of September 30, 2024 and June 30, 2024 , respectively. Capitalized internal-use software costs are recorded in property and equipment on the Company’s unaudited condensed consolidated balance sheets. The Company has no t recorded any impairment charges during the periods presented. Capitalized Cloud Computing Implementation Costs Qualifying implementation costs incurred in cloud computing arrangements incurred during the application development stage are capitalized based on the existing guidance for internal-use software, which is presented as part of our prepaid expenses and other assets based on the term of the associated cloud computing arrangement. The capitalized implementation costs are amortized on a straight-line basis over the term of the associated cloud computing arrangement when the module or component of the cloud computing arrangement is ready for its intended use in the same line item as fees for the associated cloud computing arrangement in the unaudited condensed consolidated statements of operations. The Company capitalized $ 0.8 million and $ 1.0 million of costs related to cloud computing implementation during the three months ended September 30, 2024 and 2023 , respectively. Capitalized stock-based compensation expense was not material for the periods presented. Amortization expense related to capitalized cloud computing implementation costs was $ 0.1 million and no ne for the three months ended September 30, 2024 and 2023 , respectively. The net book value of capitalized cloud computing implementation costs was $ 4.8 million as of September 30, 2024 , out of which $ 1.0 million is recorded as part of prepaid expenses and $ 3.8 million is recorded as part of other assets based on the term of the associated cloud computing arrangement. The net book value of capitalized cloud computing implementation costs was $ 4.1 million as of June 30, 2024 , out of which $ 0.6 million is recorded as part of prepaid expenses and $ 3.5 million is recorded as part of other assets based on the term of the associated cloud computing arrangement. The Company has no t recorded any impairment charges during the periods presented.

Leases

Leases	3 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Leases	Note 8. Leases The Company leases the majority of its office space in the U.S., U.K., Netherlands, Ukraine, Germany, and Singapore under non-cancelable operating lease agreements, which have various expiration dates through November 2030 , some of which include options to extend the leases for up to 5 years . The components of lease costs were as follows (in thousands): Three Months Ended September 30, Operating Leases: 2024 2023 Operating lease cost $ 1,705 $ 1,500 Short-term lease cost 192 271 Variable lease cost 116 — 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: September 30, 2024 September 30, 2023 Weighted-average remaining lease term (in years) 5.2 6.0 Weighted-average discount rate 7.0 % 7.1 % The following table presents supplemental cash flow information related to the Company's operating leases (in thousands): Three Months Ended September 30, 2024 2023 Cash payments included in the measurement of operating lease liabilities $ 2,151 $ 1,695 ROU assets obtained in exchange for new operating lease liabilities ( 70 ) — Current operating lease liabilities of $ 5.6 million and $ 6.0 million were included in other current liabilities on the Company’s unaudited condensed consolidated balance sheets as of September 30, 2024 and June 30, 2024, respectively. As of September 30, 2024, remaining maturities of operating lease liabilities are as follows (in thousands): Fiscal Year Ending June 30, Amount 2025 (remaining 9 months) $ 5,425 2026 5,365 2027 4,380 2028 4,687 2029 5,124 2030 and thereafter 3,828 Total lease payments 28,809 Less: imputed interest ( 4,603 ) Present value of operating lease liabilities $ 24,206

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 9. Commitments and Contingencies Other Purchase Commitments The Company’s other purchase commitments primarily consist of third-party cloud services, support fees and software subscriptions to support operations in the ordinary course of business. There were no material purchase commitments that were entered into during the three months ended September 30, 2024. 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. 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 . As of September 30, 2024, the Company had $ 90.9 million remaining on this commitment. 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 clients that it has all necessary rights and licenses to the intellectual property comprised in its products and services and indemnifies those clients 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	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Debt	Note 10. Debt 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 among the Company, the subsidiary grantors thereto and JPMorgan, as administrative 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 September 30, 2024. As of September 30, 2024 and June 30, 2024 , there were no outstanding borrowings under the JPMorgan Credit Facility.

Stockholders' Equity and Stock-

Stockholders' Equity and Stock-Based Compensation	3 Months Ended
	Sep. 30, 2024
Stockholders Equity And Stock Based Compensation [Abstract]
Stockholders' Equity and Stock-Based Compensation	Note 11 . S tockholders' Equity and Stock-Based Compensation 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 (“RSUs”), performance shares, performance share units (“PSUs”), 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. Stock Awards The Company has granted time-based and performance-based stock options, RSUs and 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. Stock option activity under the Company’s equity incentive plans during the three months ended September 30, 2024 was as follows (in thousands, except per share data): Number of Weighted- Weighted- Aggregate (1) Balance as of June 30, 2024 6,866 $ 10.40 4.4 $ 180,360 Exercised ( 2,038 ) 11.24 Forfeited ( 13 ) 23.23 Balance as of September 30, 2024 4,815 $ 10.01 4.0 $ 182,100 Vested and exercisable as of September 30, 2024 4,670 $ 9.66 3.9 $ 178,262 Vested and expected to vest as of September 30, 2024 4,815 $ 10.01 4.0 $ 182,100 (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. There were no stock options granted during the three months ended September 30, 2024. The total intrinsic value of stock options exercised and the proceeds from option exercises during the three months ended September 30, 2024 were $ 67.3 million and $ 22.9 million, respectively. PSUs and RSUs During the three months ended September 30, 2024, the Company granted PSUs to certain of its employees with vesting terms based on meeting certain operating performance targets, including annual recurring revenue and profitability targets, and continued service conditions. The Company also granted RSUs to certain employees that vest based on continued service. PSU activity during the three months ended September 30, 2024 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2024 2,550 $ 29.48 Granted 1,080 38.34 Vested ( 380 ) 25.54 Forfeited ( 15 ) 33.22 Balance as of September 30, 2024 3,235 $ 32.88 RSU activity during the three months ended September 30, 2024 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2024 2,524 $ 30.84 Granted 1,817 43.57 Vested ( 243 ) 30.65 Forfeited ( 77 ) 30.17 Balance as of September 30, 2024 4,021 $ 36.62 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 September 30, 2024 2023 Cost of revenues Cost of SaaS $ 664 $ 413 Cost of license 189 128 Cost of professional services 1,379 1,333 Research and development 4,624 4,646 Sales and marketing 5,738 5,339 General and administrative 7,395 6,898 Total stock-based compensation $ 19,989 $ 18,757 During the three months ended September 30, 2024, the Company modified the performance conditions related to certain PSU awards, which results in an improbable-to-probable modification with an increase in unrecognized stock-based compensation expense of approximately $ 14.8 million to be recognized through the remaining requisite service period. As of September 30, 2024 , there was approximately $ 200.7 million of unrecognized compensation cost related to unvested stock-based awards granted, which is expected to be recognized over the weighted-average period of approximately 2.7 years. 2021 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 ESPP provides an offering period that begins on June 1 and December 1 of each year and each offering period consists of one six-month purchase period. As of September 30, 2024 , total unrecognized compensation cost related to the ESPP was $ 0.2 million, which will be amortized over a weighted-average vesting term of 0.2 years.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Note 12. 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 months ended September 30, 2024 and 2023. 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 2019 through 2024.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Net Loss Per Share	Note 13. 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. 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 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 September 30, 2024 2023 Numerator: Net loss $ ( 4,520 ) $ ( 15,321 ) Denominator: Weighted-average shares used to compute net loss per share, basic and diluted 75,604 68,937 Net loss per share, basic and diluted $ ( 0.06 ) $ ( 0.22 ) 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 September 30, 2024 2023 Outstanding stock options to purchase common stock 4,815 9,839 Unvested PSUs and RSUs 7,256 7,325 Shares issuable under ESPP 67 57 Shares issuable related to acquisition 9 68 Total 12,147 17,289

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2024
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, 2024 filed with the SEC on August 26, 2024. 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 months ended September 30, 2024 are not necessarily indicative of the results to be expected for the full year or any other period. Certain prior period amounts reported in our unaudited condensed consolidated financial statements and notes thereto have been reclassified to conform to the current year presentation. Effective July 1, 2024, the Company adjusted the classification of support services related to subscription license to be included within “license” on the unaudited condensed consolidated statements of operations. Prior to July 1, 2024, support services related to subscription license was included in a line item entitled “SaaS and Support.” The presentation of cost of revenues has been conformed to reflect the changes related to the presentation of revenues. Such reclassifications related to the presentation of revenues and cost of revenues did not affect total revenues, operating income, or net income. There was no change to the Company's revenue recognition policy, except for the change in classification noted herein. Accordingly, effective July 1, 2024, SaaS revenues include subscription fees from clients accessing our SaaS solutions, premium support services related to SaaS, and updates, if any, to the subscribed service during the subscription term. The Company recognizes SaaS revenues ratably over the contract term beginning on the commencement date of each contract, which is the date when the Company’s service is available to clients. License revenues include subscription fees from providing clients with the right to functional intellectual property where clients can benefit from the subscription licenses on their own and support services related to the licenses, which entitles clients to receive technical support and software updates, on a when and if available basis. The Company recognizes license revenues related to subscription fees at a point in time when control of the term software application is transferred to the client, which generally occurs at the time of delivery or upon commencement of the renewal term. The Company recognizes license revenues related to support ratably over the term of the support contract which corresponds to the underlying license agreement.
Use of Estimates	Use of Estimates The preparation of the accompanying unaudited condensed consolidated financial statements in conformity with GAAP requires the Company 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 credit losses; 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.
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 cash equivalents and accounts receivable. The Company maintains its cash and cash equivalents with multiple high credit quality financial institutions. The Company is exposed to credit risk for cash and cash equivalents 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. The Company has not experienced any such losses. No client individually accounted for 10% or more of the Company’s revenues for either of the three months ended September 30, 2024 and 2023. As of September 30, 2024 , no client individually accounted for 10% or more of the Company’s total accounts receivable. As of June 30, 2024 , one client individually accounted for 16 % of the Company’s total accounts receivable.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In November 2023, the FASB issued ASU No. 2023-07, Segment Reporting (ASC 280): Improvements to Reportable Segment Disclosures , which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. This guidance will be applied retrospectively and will be effective for the Company for fiscal year ending June 30, 2025, and for interim periods beginning July 1, 2025. The Company is currently evaluating the impact of the adoption on its consolidated financial statements. In December 2023, the FASB issued ASU No. 2023-09, Income Taxes (ASC 740): Improvements to Income Tax Disclosures , which requires additional income tax disclosures to better assess how an entity’s operations, related tax risks, tax planning and operational opportunities affect its tax rate and prospects of future cash flows. This guidance will be effective for the Company’s fiscal year beginning July 1, 2025, and should be applied on a prospective or retrospective basis. The Company expects the adoption to result in additional disclosures only.
Deferred Commissions	Deferred Commissions Deferred commissions were $ 30.7 million and $ 32.4 million as of September 30, 2024 and June 30, 2024 , respectively. Amortization expense with respect to deferred commissions, which is included in sales and marketing expense in the Company’s unaudited condensed consolidated statements of operations, was $ 4.0 million and $ 3.5 million for the three months ended September 30, 2024 and 2023, respectively. There was no impairment loss in relation to the costs capitalized for the periods presented.
Remaining Performance Obligations	Remaining 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. SaaS subscription is typically satisfied over one to three years, license is typically satisfied at a point in time, support services are generally satisfied within one year, and professional services are typically satisfied within one year. Professional services contracts are not included in the performance obligations amount. As of September 30, 2024 , approximately $ 549.4 million of revenues is expected to be recognized from remaining performance obligations with approximately 56 % over the next 12 months and the remainder thereafter.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Sep. 30, 2024
Revenue Recognition [Abstract]
Summary of Revenues by Geography	Revenues by geography were as follows (in thousands): Three Months Ended September 30, 2024 2023 U.S. $ 78,572 $ 69,855 U.K. 20,003 14,726 Rest of the world 20,230 16,994 Total $ 118,805 $ 101,575
Summary of Contract Assets and Liabilities	The Company’s contract assets and liabilities were as follows (in thousands): September 30, 2024 June 30, 2024 Unbilled accounts receivable (1) $ 12,979 $ 13,363 Deferred revenue, net 205,211 222,486 (1) The long-term portion of $ 202 thousand and $ 63 thousand as of September 30, 2024 and June 30, 2024 , respectively is included in other assets on the unaudited condensed consolidated balance sheets.

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2024
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): Carrying Amount Balance as of June 30, 2024 $ 285,969 Foreign currency translation adjustment 503 Balance as of September 30, 2024 $ 286,472
Schedule of Intangible Assets Amortized on Straight Line Basis	Intangible assets acquired through business combinations consisted of the following (in thousands): September 30, 2024 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 48,900 $ ( 30,051 ) $ 18,849 Non-compete agreements 3 to 5 4,907 ( 4,198 ) 709 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 5,878 ) 1,944 Core technology 2 to 7 60,584 ( 49,624 ) 10,960 Backlog 2 1,000 ( 854 ) 146 Intangible assets, net $ 127,896 $ ( 90,605 ) $ 37,291 June 30, 2024 Useful Life Gross Carrying Amount Accumulated Net Carrying Amount Client relationships 9 to 15 $ 48,900 $ ( 28,949 ) $ 19,951 Non-compete agreements 3 to 5 4,907 ( 4,035 ) 872 Trademarks and trade names Indefinite 4,683 — 4,683 Trademarks and trade names 5 to 10 7,822 ( 5,773 ) 2,049 Core technology 2 to 7 60,584 ( 48,054 ) 12,530 Backlog 2 1,000 ( 792 ) 208 Intangible assets, net $ 127,896 $ ( 87,603 ) $ 40,293
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 September 30, 2024 2023 Cost of SaaS $ 1,571 $ 1,055 Sales and marketing 1,268 1,487 General and administrative 163 163 Total amortization expense $ 3,002 $ 2,705
Schedule of Estimated Future Amortization Expense for Acquired Intangible Assets	As of September 30, 2024, the estimated future amortization expense for acquired intangible assets is as follows (in thousands): Fiscal Year Ending June 30, Amount 2025 (remaining 9 months) $ 8,161 2026 7,835 2027 5,121 2028 4,623 2029 3,252 2030 and thereafter 3,616 Total remaining amortization $ 32,608

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Financial Assets Measured at Fair Value on Recurring Basis	The following table sets forth the Company’s financial assets that were measured at fair value on a recurring basis as of the date indicated by level within the fair value hierarchy (in thousands): September 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents: Money market funds $ 160,373 $ — $ — $ 160,373 Total financial assets $ 160,373 $ — $ — $ 160,373 June 30, 2024 Level 1 Level 2 Level 3 Total Financial assets: Cash equivalents: Money market funds $ 78,677 $ — $ — $ 78,677 Total financial assets $ 78,677 $ — $ — $ 78,677
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): September 30, 2024 Level 1 Level 2 Level 3 Total Financial Liabilities: Liability for contingent consideration, current portion $ — $ — $ 154 $ 154 Liability for contingent consideration, non-current portion — — 104 104 Total financial liabilities $ — $ — $ 258 $ 258 June 30, 2024 Level 1 Level 2 Level 3 Total Financial Liabilities: Liability for contingent consideration, current portion $ — $ — $ 2,405 $ 2,405 Liability for contingent consideration, non-current portion — — 153 153 Total financial liabilities $ — $ — $ 2,558 $ 2,558
Schedule of Changes in Fair Value of Contingent Consideration Liabilities	Changes in contingent consideration liabilities were as follows (in thousands): Three Months Ended September 30, 2024 2023 Balance, beginning of period $ 2,558 $ 6,681 Payment of contingent consideration ( 1,387 ) — Change of contingent consideration ( 920 ) ( 1,431 ) Effect of foreign currency exchange rate changes 7 — Balance, end of period $ 258 $ 5,250

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2024
Leases [Abstract]
Schedule of Components of Lease Costs	The components of lease costs were as follows (in thousands): Three Months Ended September 30, Operating Leases: 2024 2023 Operating lease cost $ 1,705 $ 1,500 Short-term lease cost 192 271 Variable lease cost 116 —
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: September 30, 2024 September 30, 2023 Weighted-average remaining lease term (in years) 5.2 6.0 Weighted-average discount rate 7.0 % 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): Three Months Ended September 30, 2024 2023 Cash payments included in the measurement of operating lease liabilities $ 2,151 $ 1,695 ROU assets obtained in exchange for new operating lease liabilities ( 70 ) —
Schedule of Remaining Maturities of Operating Lease Liabilities And Future Minimum Lease Payments	As of September 30, 2024, remaining maturities of operating lease liabilities are as follows (in thousands): Fiscal Year Ending June 30, Amount 2025 (remaining 9 months) $ 5,425 2026 5,365 2027 4,380 2028 4,687 2029 5,124 2030 and thereafter 3,828 Total lease payments 28,809 Less: imputed interest ( 4,603 ) Present value of operating lease liabilities $ 24,206

Stockholders' Equity and Stoc_2

Stockholders' Equity and Stock-Based Compensation (Tables)	3 Months Ended
	Sep. 30, 2024
Stockholders Equity And Stock Based Compensation [Abstract]
Summary of Stock Option Activity	Stock option activity under the Company’s equity incentive plans during the three months ended September 30, 2024 was as follows (in thousands, except per share data): Number of Weighted- Weighted- Aggregate (1) Balance as of June 30, 2024 6,866 $ 10.40 4.4 $ 180,360 Exercised ( 2,038 ) 11.24 Forfeited ( 13 ) 23.23 Balance as of September 30, 2024 4,815 $ 10.01 4.0 $ 182,100 Vested and exercisable as of September 30, 2024 4,670 $ 9.66 3.9 $ 178,262 Vested and expected to vest as of September 30, 2024 4,815 $ 10.01 4.0 $ 182,100 (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 PSU Activity	PSU activity during the three months ended September 30, 2024 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2024 2,550 $ 29.48 Granted 1,080 38.34 Vested ( 380 ) 25.54 Forfeited ( 15 ) 33.22 Balance as of September 30, 2024 3,235 $ 32.88
Schedule of RSU Activity	RSU activity during the three months ended September 30, 2024 was as follows (in thousands, except per share data): Number of Shares Weighted- Balance as of June 30, 2024 2,524 $ 30.84 Granted 1,817 43.57 Vested ( 243 ) 30.65 Forfeited ( 77 ) 30.17 Balance as of September 30, 2024 4,021 $ 36.62
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 September 30, 2024 2023 Cost of revenues Cost of SaaS $ 664 $ 413 Cost of license 189 128 Cost of professional services 1,379 1,333 Research and development 4,624 4,646 Sales and marketing 5,738 5,339 General and administrative 7,395 6,898 Total stock-based compensation $ 19,989 $ 18,757

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Loss Per Share	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 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 September 30, 2024 2023 Numerator: Net loss $ ( 4,520 ) $ ( 15,321 ) Denominator: Weighted-average shares used to compute net loss per share, basic and diluted 75,604 68,937 Net loss per share, basic and diluted $ ( 0.06 ) $ ( 0.22 )
Schedule of Anti-dilutive Securities Excluded from Computation of Net Loss Per Share Attributable to Common Stockholders	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 September 30, 2024 2023 Outstanding stock options to purchase common stock 4,815 9,839 Unvested PSUs and RSUs 7,256 7,325 Shares issuable under ESPP 67 57 Shares issuable related to acquisition 9 68 Total 12,147 17,289

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Details) - Customer Concentration Risk - Client	3 Months Ended		12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Revenues
Summary Of Accounting Policies [Line Items]
Number of client individually accounted for 10% or more	0	0
Accounts Receivable
Summary Of Accounting Policies [Line Items]
Number of client individually accounted for 10% or more	0		1
Accounts Receivable | Significant Customer
Summary Of Accounting Policies [Line Items]
Concentrations of credit risk percentage			16%

Revenues - Summary of Revenues

Revenues - Summary of Revenues by Geography (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Disaggregation Of Revenue [Line Items]
Total revenues	$ 118,805	$ 101,575
U.S.
Disaggregation Of Revenue [Line Items]
Total revenues	78,572	69,855
U.K.
Disaggregation Of Revenue [Line Items]
Total revenues	20,003	14,726
Rest of the World
Disaggregation Of Revenue [Line Items]
Total revenues	$ 20,230	$ 16,994

Revenues - Additional Informati

Revenues - Additional Information (Details)	3 Months Ended
	Sep. 30, 2024 USD ($) Country	Sep. 30, 2023 USD ($) Country	Jun. 30, 2024 USD ($)
Disaggregation Of Revenue [Line Items]
Deferred commissions	$ 30,700,000		$ 32,400,000
Impairment loss in relation to capitalized costs	0	$ 0
Allowance for doubtful accounts associated with unbilled receivables	0		$ 0
Revenue recognized pertaining to deferred revenue	88,500,000	65,300,000
Remaining performance obligations	549,400,000
Sales and Marketing
Disaggregation Of Revenue [Line Items]
Deferred commissions amortization expense	$ 4,000,000	$ 3,500,000
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

Revenues - Summary of Contract

Revenues - Summary of Contract Assets and Liabilities (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Jun. 30, 2024
Revenue Recognition [Abstract]
Unbilled accounts receivable	[1]	$ 12,979	$ 13,363
Deferred revenue, net		$ 205,211	$ 222,486
[1] The long-term portion of $ 202 thousand and $ 63 thousand as of September 30, 2024 and June 30, 2024 , respectively is included in other assets on the unaudited condensed consolidated balance sheets.

Revenues - Summary of Contrac_2

Revenues - Summary of Contract Assets and Liabilities (Parenthetical) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Revenue Recognition [Abstract]
Long-term portion of unbilled accounts receivable	$ 202	$ 63

Revenues - Additional Informa_2

Revenues - Additional Information 1 (Details) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2024-01-01	Sep. 30, 2024
Disaggregation Of Revenue [Line Items]
Revenue, Remaining Performance Obligation, Percentage	56%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	12 months

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Thousands		3 Months Ended
	May 01, 2024	Sep. 30, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Working capital adjustment paid		$ 897	$ 0
TDI
Business Acquisition [Line Items]
Date of business acquisition	May 01, 2024
Working capital adjustment paid		$ 900

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Schedule of Changes in Carrying Amounts of Goodwill (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance as of June 30, 2024	$ 285,969
Foreign currency translation adjustment	503
Balance as of September 30, 2024	$ 286,472

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024	Jun. 30, 2023
Finite Lived Intangible Assets [Line Items]
Accumulated amortization	$ (90,605)		$ (87,603)
Net carrying amount	32,608
Intangible assets gross carrying amount excluding goodwill	127,896		127,896
Intangible assets, net carrying amount excluding goodwill	37,291	$ 40,293	40,293
Client Relationships
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	48,900		48,900
Accumulated amortization	(30,051)		(28,949)
Net carrying amount	$ 18,849		$ 19,951
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
Non-Compete Agreements
Finite Lived Intangible Assets [Line Items]
Gross carrying amount	$ 4,907		$ 4,907
Accumulated amortization	(4,198)		(4,035)
Net carrying amount	$ 709		$ 872
Non-Compete Agreements | Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	3 years		3 years
Non-Compete 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	(5,878)		(5,773)
Net carrying amount	1,944		2,049
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	$ 60,584		$ 60,584
Accumulated amortization	(49,624)		(48,054)
Net carrying amount	$ 10,960		$ 12,530
Core Technology | Minimum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	2 years		2 years
Core Technology | Maximum
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	7 years		7 years
Backlog
Finite Lived Intangible Assets [Line Items]
Useful life (In years)	2 years		2 years
Gross carrying amount	$ 1,000		$ 1,000
Accumulated amortization	(854)		(792)
Net carrying amount	$ 146		$ 208

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Schedule of Amortization Expense Related to Acquired Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 3,002	$ 2,705
Cost of SaaS
Finite Lived Intangible Assets [Line Items]
Total amortization expense	1,571	1,055
Sales and Marketing
Finite Lived Intangible Assets [Line Items]
Total amortization expense	1,268	1,487
General and Administrative
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 163	$ 163

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Schedule of Estimated Future Amortization Expense for Acquired Intangible Assets (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2025 (remaining 9 months)	$ 8,161
2026	7,835
2027	5,121
2028	4,623
2029	3,252
2030 and thereafter	3,616
Net carrying amount	$ 32,608

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Financial Assets Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Financial assets:
Total financial assets (Cash equivalents)	$ 160,373	$ 78,677
Money Market Funds
Financial assets:
Total financial assets (Cash equivalents)	160,373	78,677
Level 1
Financial assets:
Total financial assets (Cash equivalents)	160,373	78,677
Level 1 | Money Market Funds
Financial assets:
Total financial assets (Cash equivalents)	160,373	78,677
Level 2
Financial assets:
Total financial assets (Cash equivalents)	0	0
Level 2 | Money Market Funds
Financial assets:
Total financial assets (Cash equivalents)	0	0
Level 3
Financial assets:
Total financial assets (Cash equivalents)	0	0
Level 3 | Money Market Funds
Financial assets:
Total financial assets (Cash equivalents)	$ 0	$ 0

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Financial Liabilities Measured at Fair Value on Recurring Basis (Details) - Fair Value, Recurring Basis - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Finanacial Liabilities:
Liability for contingent consideration, current portion	$ 154	$ 2,405
Liability for contingent consideration, non-current portion	104	153
Total financial liabilities	258	2,558
Level 1
Finanacial Liabilities:
Liability for contingent consideration, current portion	0	0
Liability for contingent consideration, non-current portion	0	0
Total financial liabilities	0	0
Level 2
Finanacial Liabilities:
Liability for contingent consideration, current portion	0	0
Liability for contingent consideration, non-current portion	0	0
Total financial liabilities	0	0
Level 3
Finanacial Liabilities:
Liability for contingent consideration, current portion	154	2,405
Liability for contingent consideration, non-current portion	104	153
Total financial liabilities	$ 258	$ 2,558

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	May 02, 2023
Other Current Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of contingent consideration liabilities, current		$ 2.4
TDI
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Fair value of post combination compensation costs	$ 0.7	0.7
Purchase consideration upon acquisition	0.1	0.1
TDI | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Liability for contingent consideration, current and non-current portion	1.1
TDI | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Contingent consideration liabilities, non-current	0.8	0.8
Business combination, contingent consideration, liability	0.2	$ 0.2
Paragon
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Payment of contingent consideration	$ 1.4
Paragon | Other Liabilities
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Business combination, contingent consideration, liability			$ 4.3

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Changes in Fair Value of Contingent Consideration Liabilities (Details) - Contingent Consideration Liability - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 2,558	$ 6,681
Payment of contingent consideration	(1,387)	0
Change of contingent consideration	(920)	(1,431)
Effect of foreign currency exchange rate changes	7	0
Balance, end of period	$ 258	$ 5,250

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Property Plant And Equipment [Line Items]
Property and equipment, net	$ 19,441	$ 18,944

Property and Equipment - Additi

Property and Equipment - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Property, Plant and Equipment [Abstract]
Capitalized costs to software development	$ 1.6	$ 1.5
Net book value of capitalized software development costs	$ 14.2		$ 13.5

Internal-Use Software Costs - A

Internal-Use Software Costs - Additional Information (Details) - USD ($)	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Property, Plant and Equipment [Line Items]
Capitalized costs to software development	$ 1,600,000	$ 1,500,000
Net book value of capitalized software development costs	14,200,000		$ 13,500,000
Impairment charges	0	0
Capitalized cloud computing implementation costs	800,000	1,000,000
Amortization expense to capitalized cloud computing implementation costs	100,000	0
Net book value of capitalized cloud computing implementation costs	4,800,000		4,100,000
Capitalized cloud computing implementation costs, impairment	0	0
Cost of SaaS
Property, Plant and Equipment [Line Items]
Capitalized software amortization	900,000	$ 800,000
Prepaid Expenses
Property, Plant and Equipment [Line Items]
Net book value of capitalized cloud computing implementation costs	1,000,000		600,000
Other Assets
Property, Plant and Equipment [Line Items]
Net book value of capitalized cloud computing implementation costs	$ 3,800,000		$ 3,500,000

Leases - Additional Information

Leases - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Jun. 30, 2024
Leases [Abstract]
Operating lease expiration year	2030
Operating lease, option to extend the term	5 years
Operating lease liability	$ 5.6	$ 6
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current	Other Liabilities, Current

Leases - Schedule of Components

Leases - Schedule of Components of Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Lease, Cost [Abstract]
Operating lease cost	$ 1,705	$ 1,500
Short-term lease cost	192	271
Variable lease cost	$ 116	$ 0

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Operating Leases Term and Discount Rate (Details)	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	5 years 2 months 12 days	6 years
Weighted-average discount rate	7%	7.10%

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information Related to Operating Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash payments included in the measurement of operating lease liabilities	$ 2,151	$ 1,695
ROU assets obtained in exchange for new operating lease liabilities	$ (70)	$ 0

Leases - Schedule of Remaining

Leases - Schedule of Remaining Maturities of Operating Lease Liabilities And Future Minimum Lease Payments (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
2025 (remaining 9 months)	$ 5,425
2026	5,365
2027	4,380
2028	4,687
2029	5,124
2030 and thereafter	3,828
Total lease payments	28,809
Less: imputed interest	(4,603)
Present value of operating lease liabilities	$ 24,206

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) - Microsoft - USD ($) $ in Millions	1 Months Ended
	Dec. 31, 2021	Sep. 30, 2024
Long Term Purchase Commitment [Line Items]
Purchase commitment, remaining		$ 90.9
Cloud Services Commitment
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
Cloud Services Commitment | Minimum
Long Term Purchase Commitment [Line Items]
Purchase commitment amount	$ 110

Debt - Additional Information (

Debt - Additional Information (Details) - JP Morgan Credit Agreement	Oct. 05, 2021 USD ($)	Sep. 30, 2024 USD ($)	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
Debt instrument, outstanding borrowings		$ 0	$ 0
Minimum
Debt Instrument [Line Items]
Net leverage ratio	0.0025
Maximum
Debt Instrument [Line Items]
Net leverage ratio	0.004
SOFR | Minimum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	1.75%
SOFR | Maximum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	2.50%
Alternate Base Rate | Minimum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	0.75%
Alternate Base Rate | Maximum
Debt Instrument [Line Items]
Debt Instrument, basis spread on variable rate	1.50%
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 50,000,000
Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 100,000,000
Debt instrument term	5 years
Letters of Credit
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity	$ 10,000,000

Stockholders' Equity and Stoc_3

Stockholders' Equity and Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Proceeds from stock option exercises	$ 22,918	$ 2,324
Unrecognized compensation cost related to unvested stock-based awards granted	$ 200,700
Unrecognized compensation cost related to unvested stock-based awards granted, weighted-average period for recognition	2 years 8 months 12 days
Unrecognized stock-based compensation expense	$ 14,800
Stock Awards
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Service condition earned period	4 years
ESPP
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation cost related to unvested stock-based awards granted, weighted-average period for recognition	2 months 12 days
Purchase price of common stock lower of fair market value, percent	85%
Terms of award	The ESPP provides an offering period that begins on June 1 and December 1 of each year and each offering period consists of one six-month purchase period.
Unrecognized compensation costs	$ 200
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Options, Granted	0
Share based compensation vesting period	4 years
Share based compensation expiration period	10 years
Total intrinsic value of options exercised	$ 67,300
Proceeds from stock option exercises	$ 22,900

Stockholders' Equity and Stoc_4

Stockholders' Equity and Stock-Based Compensation - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands		3 Months Ended	12 Months Ended
		Sep. 30, 2024	Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]
Number of Options, Outstanding, Beginning balance		6,866
Number of Options, Exercised		(2,038)
Number of Options, Forfeited		(13)
Number of Options, Outstanding, Ending balance		4,815	6,866
Number of Options, Vested and exercisable		4,670
Number of Options, Vested and expected to vest		4,815
Weighted-Average Exercise Price, Beginning balance		$ 10.40
Weighted-Average Exercise Price, Exercised		11.24
Weighted-Average Exercise Price, Forfeited		23.23
Weighted-Average Exercise Price, Ending balance		10.01	$ 10.40
Weighted-Average Exercise Price, Vested and exercisable		9.66
Weighted-Average Exercise Price, Vested and expected to vest		$ 10.01
Weighted-Average Remaining Contractual Term		4 years	4 years 4 months 24 days
Weighted-Average Remaining Contractual Term, Vested and exercisable		3 years 10 months 24 days
Weighted-Average Remaining Contractual Term, Vested and expected to vest		4 years
Aggregate Intrinsic Value	[1]	$ 182,100	$ 180,360
Aggregate Intrinsic Value, Vested and exercisable	[1]	178,262
Aggregate Intrinsic Value, Vested and expected to vest	[1]	$ 182,100
[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_5

Stockholders' Equity and Stock-Based Compensation - Schedule of PSU Activity (Details) - PSU shares in Thousands	3 Months Ended
	Sep. 30, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance | shares	2,550
Number of Shares, Granted | shares	1,080
Number of Shares, Vested | shares	(380)
Number of Shares, Forfeited | shares	(15)
Number of Shares, Ending balance | shares	3,235
Weighted-Average Grant Date Fair Value, Beginning balance | $ / shares	$ 29.48
Weighted-Average Grant Date Fair Value, Granted | $ / shares	38.34
Weighted-Average Grant Date Fair Value, Vested | $ / shares	25.54
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	33.22
Weighted-Average Grant Date Fair Value, Ending balance | $ / shares	$ 32.88

Stockholders' Equity and Stoc_6

Stockholders' Equity and Stock-Based Compensation - Schedule of RSU Activity (Details) - RSU shares in Thousands	3 Months Ended
	Sep. 30, 2024 $ / shares shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Beginning balance | shares	2,524
Number of Shares, Granted | shares	1,817
Number of Shares, Vested | shares	(243)
Number of Shares, Forfeited | shares	(77)
Number of Shares, Ending balance | shares	4,021
Weighted-Average Grant Date Fair Value, Beginning balance | $ / shares	$ 30.84
Weighted-Average Grant Date Fair Value, Granted | $ / shares	43.57
Weighted-Average Grant Date Fair Value, Vested | $ / shares	30.65
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	30.17
Weighted-Average Grant Date Fair Value, Ending balance | $ / shares	$ 36.62

Stockholders' Equity and Stoc_7

Stockholders' Equity and Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	$ 19,989	$ 18,757
Cost of SaaS
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	664	413
Cost of license
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	189	128
Cost of Professional Services
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	1,379	1,333
Research and Development
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	4,624	4,646
Sales and Marketing
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	5,738	5,339
General and Administrative
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Total stock-based compensation	$ 7,395	$ 6,898

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
	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net loss	$ (4,520)	$ (15,321)
Denominator:
Weighted-average shares used to compute net loss per share, basic	75,604	68,937
Weighted-average shares used to compute net loss per share, diluted	75,604	68,937
Net loss per share attributable to common stockholders
Basic	$ (0.06)	$ (0.22)
Net loss per share attributable to common stockholders
Diluted	$ (0.06)	$ (0.22)

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	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	12,147	17,289
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	4,815	9,839
Unvested PSUs and RSUs
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	7,256	7,325
Shares Issuable Related to Acquisition
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	9	68
Shares Issuable under ESPP
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Anti-dilutive securities excluded from net loss per share attributable to common stockholders	67	57