v3.26.1
Segment Information
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Information
17. Segment Information
The Company operates in one operating segment, which also represents one reportable segment with the Company’s Chief Executive Officer as the chief operating decision maker (CODM). The CODM reviews the Company’s operating results on a consolidated basis for purposes of allocating resources and evaluating financial performance. Specifically, the CODM evaluates the Company’s financial performance and decides how to allocate resources based on consolidated net (loss) income, which enables the CODM to assess both the overall level of resources available and optimize distribution of resources across functions, product lines, regions and research and development programs in line with our long-term corporate-wide strategic goals. The CODM also reviews disaggregated revenues by product line, geographic regions, and industry (see Note 3, Revenues).
The following table presents entity-wide significant expense categories and net (loss) income details provided to the CODM:
Three months ended June 30, Nine months ended June 30,
(in thousands)2026202520262025
Revenues$118,376 $96,057 $332,789 $277,563 
Costs and expenses:
Cost of revenues[1]
$49,794 $38,518 $141,201 $119,262 
Research and development expenses[1]
15,988 16,894 48,699 54,971 
Selling, general and administrative expenses[1]
63,920 48,643 180,956 142,430 
Litigation settlement costs, net of recoveries— — 7,205 — 
Depreciation and amortization 6,778 6,065 19,386 18,849 
Stock-based compensation expense18,176 16,057 50,385 48,376 
Total costs and expenses$154,656 $126,177 $447,832 $383,888 
Loss from operations$(36,280)$(30,120)$(115,043)$(106,325)
Gain on sale of business$— $48,847 $— $48,847 
Interest income$1,500 $2,690 $5,385 $8,731 
Other income (expense), net 40(836)686(1,323)
(Loss) income before income taxes$(34,740)$20,581 $(108,972)$(50,070)
Income tax expense(311)(191)(607)(462)
Net (loss) income$(35,051)$20,390 $(109,579)$(50,532)
[1] Excludes depreciation and amortization and stock-based compensation expense
Asset information is not regularly provided to the CODM for assessing performance and allocating resources other than consolidated cash and cash equivalents and short-term investments, which can be found on our Condensed Consolidated Balance Sheets.