v3.25.2
Income Taxes
9 Months Ended
Jul. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
12.
Income Taxes

During the three months ended July 31, 2025 and 2024, the Company recorded $239 thousand in income tax expense and $29 thousand in income tax benefit, respectively. During the nine months ended July 31, 2025 and 2024, the Company recorded $497 thousand in income tax expense and $38 thousand in income tax benefit, respectively.

The Company has evaluated the positive and negative evidence bearing upon its ability to realize its deferred tax assets, which primarily consist of net operating loss carryforwards. The Company has considered its history of cumulative net losses, estimated future taxable income and prudent and feasible tax planning strategies and has concluded that it is more likely than not that the Company will not realize the benefits of its deferred tax assets. As a result, as of July 31, 2025, the Company has maintained a full valuation allowance against its remaining net deferred tax assets.