v3.26.1
Net Loss Per Share (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Sep. 30, 2025
Earnings Per Share [Abstract]    
Schedule of Earnings Per Share Basic and Diluted

  

    Class A    Class B    Class A    Class B 
   Three months ended March 31, 
   2026   2025 
    Class A    Class B    Class A    Class B 
Basic net loss per share:                    
Numerator:                    
Allocation of net loss  $(5,734)  $(119)  $(2,177)  $(114)
Denominator:                    
Weighted-average shares outstanding   9,638,233    200,491    3,822,890    200,491 
Basic net loss per share  $(0.59)  $(0.59)  $(0.57)  $(0.57)
                     
Diluted net loss per share:                    
Numerator:                    
Allocation of net loss  $(5,734)  $(119)  $(2,177)  $(114)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock   (119)   —    (114)   — 
Allocation of net loss  $(5,853)  $(119)  $(2,291)  $(114)
                     
Denominator:                    
Number of shares used in basic earnings per share calculation   9,638,233    200,491    3,822,890    200,491 
Conversion of Class B to Class A Common Stock   200,491    —    200,491    — 
Number of shares used in per share computation   9,838,724    200,491    4,023,381    200,491 
Diluted net loss per share  $(0.59)  $(0.59)  $(0.57)  $(0.57)

 

 

    Class A    Class B    Class A    Class B 
   Six months ended March 31, 
   2026   2025 
    Class A    Class B    Class A    Class B 
Basic net loss per share:                    
Numerator:                    
Allocation of net loss  $(15,580)  $(398)  $(20,974)  $(1,156)
Denominator:                    
Weighted-average shares outstanding   7,857,772    200,491    3,726,645    205,367 
Basic net loss per share  $(1.98)  $(1.98)  $(5.63)  $(5.63)
                     
Diluted net loss per share:                    
Numerator:                    
Allocation of net loss  $(15,580)  $(398)  $(20,974)  $(1,156)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock   (398)   —    (1,156)   — 
Allocation of net loss  $(15,978)  $(398)  $(22,130)  $(1,156)
                     
Denominator:                    
Number of shares used in basic earnings per share calculation   7,857,772    200,491    3,726,645    205,367 
Conversion of Class B to Class A Common Stock   200,491    —    205,367    — 
Number of shares used in per share computation   8,058,263    200,491    3,932,012    205,367 
Diluted net loss per share  $(1.98)  $(1.98)  $(5.63)  $(5.63)

 

   Class A   Class B   Class A   Class B 
   Year ended September 30, 
   2025   2024 
   Class A   Class B   Class A   Class B 
Basic net loss per share:                    
Numerator:                    
Allocation of net loss  $(44,072)  $(2,059)  $(18,452)  $(1,582)
Deemed dividend from warrant price adjustment   —    —    (609)   (52)
Net loss available to common
stockholders		  $(44,072)  $(2,059)  $(19,061)  $(1,634)
Denominator:                    
Weighted-average shares outstanding   4,343,588    202,921    2,617,527    224,431 
Basic net loss per share  $(10.15)  $(10.15)  $(7.28)  $(7.28)
                     
Diluted net loss per share:                    
Numerator:                    
Net loss available to common
stockholders		  $(44,072)  $(2,059)  $(19,061)  $(1,634)
Change in fair value of PIPE make-whole liability   —    —    (764)   (66)
Change in fair value of liability-classified warrants   —    —    (634)   (54)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock   (2,059)   —    (1,754)   — 
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock   —    —    —    63 
Allocation of net loss  $(46,131)  $(2,059)  $(22,213)  $(1,691)
Denominator:                    
Number of shares used in basic earnings per share calculation   4,343,588    202,921    2,617,527    224,431 
Shares issuable in satisfaction of PIPE make-whole liability   —    —    72,722    — 
Shares issuable under liability-classified warrants   —    —    33,620    — 
Conversion of Class B to Class A Common Stock   202,921    —    224,431    — 
Number of shares used in per share computation   4,546,509    202,921    2,948,302    224,431 
Diluted net loss per share  $(10.15)  $(10.15)  $(7.53)  $(7.53)
Schedule of Antidilutive Shares

The potential shares of Class A Common Stock that were excluded from the computation of diluted net loss per share for the periods presented because including them would have an antidilutive effect were as follows:

  

   2026   2025 
  

Six months ended

March 31,

 
   2026   2025 
Warrants   2,608,568    1,551,878 
Shares potentially issuable under earnout arrangements   350,000    414,281 
RSAs   416,250    — 
RSUs   559,732    622,824 
Stock options   210,321    262,480 
Total   4,144,871    2,851,463 

 

   2025   2024 
   Year ended
September 30,		 
   2025   2024 
         
Public Warrants and Private Warrants   900,000    900,000 
Other common stock warrants   1,570,568    751,878 
Earnout Shares   350,000    350,000 
Shares potentially issuable under Rage Earnout   64,280    128,560 
RSAs   487,250    — 
RSUs   954,599    446,318 
Stock options   245,218    274,063 
Total   4,571,915    2,850,819