v3.26.1
Leases
6 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
The majority of the Company's operating lease payments relate to its corporate headquarters in Seattle, Washington, which includes approximately 515,000 square feet of office space. The lease commenced in April 2019 and expires in 2033 with an option for renewal. The Company also leases additional office and lab space for product development and sales and support personnel in the United States and internationally. The Company's lease agreements do not contain any material residual value guarantees or material restrictive covenants.
The components of the Company's operating lease expenses for the three and six months ended March 31, 2026 and 2025 were as follows (in thousands):
Three Months Ended
March 31,
Six Months Ended
March 31,
 2026202520262025
Operating lease expense$9,676 $10,043 $19,377 $20,050 
Short-term lease expense1,093 691 1,932 1,510 
Variable lease expense5,770 5,922 11,715 11,514 
Total lease expense
$16,539 $16,656 $33,024 $33,074 
Variable lease expense primarily consists of common area maintenance, real estate taxes and parking expenses.
Supplemental balance sheet information related to the Company's operating leases was as follows (in thousands, except lease term and discount rate):
March 31,
2026
September 30,
2025
Operating lease right-of-use assets, net$184,461 $185,601 
Operating lease liabilities, current (1)
33,282 31,042 
Operating lease liabilities, long-term226,579 230,749 
Total operating lease liabilities
$259,861 $261,791 
Weighted average remaining lease term (in years)7.67.7
Weighted average discount rate3.34 %3.24 %
(1)Current portion of operating lease liabilities is included in accrued liabilities on the Company's consolidated balance sheets.
As of March 31, 2026, the future operating lease payments for each of the next five years and thereafter is as follows (in thousands):
Fiscal Years Ending September 30:Operating Lease
Payments
2026 (remainder)$19,093 
202742,937 
202838,965 
202935,503 
203035,008 
203134,395 
Thereafter92,343 
Total lease payments298,244 
Less: imputed interest(38,383)
Total lease liabilities$259,861 
Operating lease liabilities above do not include sublease income. As of March 31, 2026, the Company expects to receive sublease income of $5.8 million, which consists of $0.6 million to be received for the remainder of fiscal 2026 and $5.2 million to be received over the seven fiscal years thereafter.
As of March 31, 2026, the Company had no significant operating leases that were executed but not yet commenced.