Segment Information (Tables)

6 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Below is the financial information (in thousands) related to the Company’s reportable segments as provided to the CODM:


			Three Months Ended March 31, 2026																		Three Months Ended March 31, 2025
			Nightclubs						Bombshells						Total						Nightclubs						Bombshells						Total
Revenues
Third party			$	60,275					$	8,359					$	68,634					$	57,541					$	8,229					$	65,770
Intersegment			1,323						—						1,323						1,114						—						1,114
			61,598						8,359						69,957						58,655						8,229						66,884
Reconciliation of revenue
Other revenues, including intersegment															187																		171
Elimination of intersegment revenues															(1,422)																		(1,179)
Total consolidated revenues															68,722																		65,876

Less:
Cost of goods sold, including intersegment			6,733						2,064						8,797						6,512						1,882						8,394
Salaries and wages			14,565						2,817						17,382						14,091						2,791						16,882
Selling, general, and administrative, including intersegment			17,240						4,456						21,696						17,278						4,198						21,476
Depreciation and amortization			3,395						338						3,733						3,158						351						3,509
Impairments and other charges (gains), net			7,584						67						7,651						1,970						159						2,129
Other segment items			—						—						—						—						—						—
Segment income (loss)			12,081						(1,383)						10,698						15,646						(1,152)						14,494

Reconciliation of segment income (loss)
Other loss															(163)																		(197)
Interest expense, net															(4,433)																		(3,909)
Elimination of intersegment loss															36																		11
Unallocated corporate overhead															(6,755)																		(6,137)
Consolidated income (loss) before income taxes															$	(617)																	$	4,262

Segment capital expenditures			$	1,349					$	387					$	1,736					$	692					$	1,727					$	2,419

Reconciliation to consolidated capital expenditures
Other operating segments															3																		352
Unallocated corporate															129																		83
Consolidated capital expenditures															$	1,868																	$	2,854

4. Segment Information—continued


			Six Months Ended March 31, 2026																		Six Months Ended March 31, 2025
			Nightclubs						Bombshells						Total						Nightclubs						Bombshells						Total
Revenues
Third party			$	122,584					$	16,740					$	139,324					$	119,265					$	17,816					$	137,081
Intersegment			2,646						—						2,646						2,133						—						2,133
			125,230						16,740						141,970						121,398						17,816						139,214
Reconciliation of revenue
Other revenues, including intersegment															398																		415
Elimination of intersegment revenues															(2,818)																		(2,270)
Total consolidated revenues															139,550																		137,359

Less:
Cost of goods sold, including intersegment			13,895						4,051						17,946						13,636						4,174						17,810
Salaries and wages			29,307						5,693						35,000						28,021						5,598						33,619
Selling, general, and administrative, including intersegment			35,242						8,785						44,027						34,946						8,567						43,513
Depreciation and amortization			6,895						753						7,648						6,129						682						6,811
Impairments and other charges (gains), net			7,765						96						7,861						1,148						(1,171)						(23)
Other segment items			—						—						—						—						(979)						(979)
Segment income (loss)			32,126						(2,638)						29,488						37,518						945						38,463

Reconciliation of segment income (loss)
Other loss															(293)																		(277)
Interest expense, net															(8,684)																		(7,882)
Elimination of intersegment loss (income)															1																		(23)
Unallocated corporate overhead															(24,229)																		(15,107)
Consolidated income (loss) before income taxes															$	(3,717)																	$	15,174

Segment capital expenditures			$	1,933					$	1,657					$	3,590					$	2,246					$	5,646					$	7,892

Reconciliation to consolidated capital expenditures
Other operating segments															4																		437
Unallocated corporate															605																		279
Consolidated capital expenditures															$	4,199																	$	8,608


			March 31, 2026																		September 30, 2025
			Nightclubs						Bombshells						Total						Nightclubs						Bombshells						Total
Segment assets			$	460,111					$	78,138					$	538,249					$	478,516					$	78,877					$	557,393

Reconciliation to consolidated total assets
Other operating segments															3,524																		3,775
Unallocated corporate															32,619																		35,767
Consolidated total assets															$	574,392																	$	596,935