v3.26.1
Segment and Geographic Information (Tables)
 6 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Segment Information
The following is the summary of the financial information for the Company’s reportable segments for the three and six months ended March 31, 2026 and 2025 (in thousands):
Three Months Ended March 31,Six Months Ended March 31,
2026202520262025
Revenue:
Sample Management Solutions$81,091 $79,816 $162,515 $160,954 
Multiomics63,704 63,522 130,922 129,820 
Total revenue$144,795 $143,338 $293,437 $290,774 
Adjusted operating income (loss):
Sample Management Solutions$3,115 $2,809 $8,092 $7,580 
Multiomics(10,067)(5,536)(14,427)(7,843)
Segment adjusted operating loss$(6,952)$(2,727)$(6,335)$(263)
Amortization of completed technology2,076 2,308 3,935 3,808 
Amortization of other intangible assets3,563 3,803 7,113 8,376 
Transformation costs (1)
440 5,183 1,642 8,229 
Restructuring charges1,422 3,580 2,565 4,011 
Impairment of goodwill and intangible assets149,083 — 149,083 — 
Merger and acquisition costs (2)
2,175 688 2,188 2,258 
Other miscellaneous expenses79 (95)166 (50)
Total operating loss(165,790)(18,194)(173,027)(26,895)
Interest income, net4,387 4,489 9,485 8,787 
Other income, net4,059 1,158 4,138 2,362 
Loss from continuing operations before income taxes$(157,344)$(12,547)$(159,404)$(15,746)
(1)Transformation costs represent non-recurring expenses for strategic projects with anticipated long-term benefits to the Company focused on cost reduction and productivity improvement that do not meet the definition of restructuring charges. These costs are directed at simplifying, standardizing, streamlining, and optimizing the Company’s operations, processes and systems to permanently alter the Company’s operations for the long term. For a project to be considered transformational, successful completion of the project must be expected to bring long-term material benefits to the organization and involve significant changes to process and/or underlying technology. Transformation costs primarily relate to one time asset write downs associated with changes in technology, one-time inventory write downs relating to restructuring actions, and third-party consulting costs associated with process and systems re-design.
(2)Includes expenses related to governance-related matters.
Sample Management SolutionsThree Months Ended March 31,Six Months Ended March 31,
2026202520262025
Total revenue$81,091 $79,816 $162,515 $160,954 
Less: Adjusted cost of revenue42,618 42,229 87,083 83,524 
Less: Adjusted operating expenses35,358 34,778 67,340 69,850 
Adjusted operating income$3,115 $2,809 $8,092 $7,580 
Other Information
Depreciation Expense$3,317 $2,914 $6,448 $5,552 
MultiomicsThree Months Ended March 31,Six Months Ended March 31,
2026202520262025
Total revenue$63,704 $63,522 $130,922 $129,820 
Less: Adjusted cost of revenue38,066 36,027 76,678 71,788 
Less: Adjusted operating expenses35,705 33,031 68,671 65,875 
Adjusted operating loss$(10,067)$(5,536)$(14,427)$(7,843)
Other Information
Depreciation Expense$3,955 $3,649 $7,940 $7,322 
Schedule of Segment Assets
The following is the summary of the asset information for the Company’s reportable segments as of March 31, 2026 and September 30, 2025 (in thousands):
Assets:March 31, 2026September 30, 2025
Sample Management Solutions$817,808 $854,402 
Multiomics322,731 445,212 
Total assets$1,140,539 $1,299,614 
The following is a reconciliation of the segment assets to the corresponding amounts presented in the Condensed Consolidated Balance Sheets as of March 31, 2026 and September 30, 2025 (in thousands):
March 31,
2026		September 30,
2025
Segment assets$1,140,539 $1,299,614 
Cash and cash equivalents, restricted cash and marketable securities564,840 546,201 
Deferred tax assets501 726 
General corporate assets52,459 54,500 
Current and noncurrent assets held for sale145,550 158,541 
Total assets$1,903,889 $2,059,582 
Schedule of Revenue by Geographic Area Net revenue by geographic area for the three and six months ended March 31, 2026 and 2025 are as follows (in thousands):
Three Months Ended March 31,Six Months Ended March 31,
2026202520262025
Geographic Location:
United States$83,024 $89,937 $170,437 $183,403 
China16,892 12,739 34,824 27,626 
United Kingdom10,397 8,011 20,386 15,738 
Rest of Europe25,869 25,259 52,370 49,578 
Asia Pacific (Excluding China)7,528 6,371 13,210 12,077 
Other1,085 1,021 2,210 2,352 
Total revenue$144,795 $143,338 $293,437 $290,774 
Schedule of Long-lived Assets by Geographic Area
Net long-lived assets, excluding goodwill and other intangible assets, by geographic area as of March 31, 2026 and September 30, 2025 (in thousands):
March 31,
2026		September 30,
2025
United States$116,187 $116,681 
China57,681 56,715 
Europe15,272 16,674 
United Kingdom38,943 14,338 
Asia Pacific (Excluding China)3,146 3,505 
Other54 89 
Total long-lived assets, net$231,283 $208,002