v3.26.1
Summary of Significant Accounting Policies and Estimates (Tables)
9 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Ownership Interests The table below summarizes the ownership structure at the end of each respective period:
June 30, 2026September 30, 2025
Controlling Interest Ownership77.55 %71.81 %
Non-Controlling Interest Ownership (AES)22.45 %28.19 %
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash at the end of each respective period as shown in the Company’s condensed consolidated balance sheets.
in thousands
June 30, 2026September 30, 2025
Cash and cash equivalents$339,328 $690,768 
Restricted cash
25,630 23,862 
Total cash, cash equivalents and restricted cash
$364,958 $714,630 
Restricted cash at the end of each respective period consisted of the following:
in thousands
June 30, 2026September 30, 2025
Collateral for credit card program
$6,258 $6,112 
Collateral for outstanding bank guarantees
8,582 7,309 
Collateral for surety program
10,645 10,370 
Term deposits
145 71 
Total restricted cash
$25,630 $23,862 
Schedule of Restrictions on Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash at the end of each respective period as shown in the Company’s condensed consolidated balance sheets.
in thousands
June 30, 2026September 30, 2025
Cash and cash equivalents$339,328 $690,768 
Restricted cash
25,630 23,862 
Total cash, cash equivalents and restricted cash
$364,958 $714,630 
Restricted cash at the end of each respective period consisted of the following:
in thousands
June 30, 2026September 30, 2025
Collateral for credit card program
$6,258 $6,112 
Collateral for outstanding bank guarantees
8,582 7,309 
Collateral for surety program
10,645 10,370 
Term deposits
145 71 
Total restricted cash
$25,630 $23,862 
Schedule of Accounting Standards Update and Change in Accounting Principle
The following table presents accounting standards adopted during the nine months ended June 30, 2026.
StandardDescriptionPeriod of AdoptionEffect on the financial statements and other significant matters
Accounting Standards Update (“ASU”) No. 2025-12: Codification ImprovementsASU 2025-12 makes updates for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements. The amendments affect a wide variety of Topics in the Codification and apply to all reporting entities within the scope of the affected accounting guidance.As of the three months ended December 31, 2025.
Issue 20: Clarify Guidance for the Transfer of Receivables from Contracts with Customers was early adopted by the Company and applied on the Company’s sale of receivables. Refer to “Note 19 – Sale of Receivables” for further details.
Recent Accounting Standards Not Yet Adopted
The following table presents accounting standards not yet adopted:
StandardDescriptionRequired date of adoption Effect on the financial statements and other significant matters
ASU No. 2023-09: Income Taxes (Topic 740): Improvements to Income Tax Disclosures ASU 2023-09 adopts certain amendments to improve the effectiveness of income tax disclosures, including jurisdictional information, by requiring (1) consistent categories and greater disaggregation of information in the rate reconciliation, and (2) income taxes paid, disaggregated by jurisdiction.ASU 2023-09 is effective for the Company’s annual report for fiscal year ending September 30, 2026.The Company is evaluating the impact this guidance will have on income tax disclosures.
SEC Final Rule Release Nos. 33-11275; 34-99678: The Enhancement and Standardization of Climate-Related Disclosures for InvestorsSEC Final Rule Release Nos. 33-11275; 34-99678 requires registrants to provide certain climate-related information in their registration statements and annual reports, including climate-related risks that have materially impacted, or are reasonably likely to have a material impact on, its business strategy, results of operations, or financial condition. In addition, certain disclosures related to severe weather events and other natural conditions will be required in registrants’ annual reports.

In April 2024, the SEC stayed the climate disclosure rules, pending judicial review in the Eighth Circuit, and in March 2025 the SEC voted to end its defense of the climate disclosure rules. Subsequently, on May 29, 2026, the SEC issued a formal proposal to rescind the 2024 climate disclosure rules in their entirety.
SEC Final Rule Release Nos. 33-11275; 34-99678 is effective for the Company’s annual report for fiscal year ending September 30, 2026.The Company will continue to monitor the formal administrative outcomes of the SEC’s rescission proposal. However, the Company does not currently anticipate any material operational or financial impact stemming from these rules.
ASU No. 2024-03: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement ExpensesASU 2024-03 requires disclosure of qualitative and quantitative information about certain costs and expenses in the notes to the financial statements on an interim and annual basis. ASU No. 2025-01: Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date, was subsequently issued and clarified the effective date of ASU 2024-03.ASU 2024-03 is effective for the Company’s annual report for fiscal year ending September 30, 2028 and interim reporting periods beginning from January 1, 2028.The Company is evaluating the impact this guidance will have on its disclosures.
ASU No. 2025-05: Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract AssetsASU 2025-05 amends ASC 326-20 to provide a practical expedient (for all entities) and an accounting policy election (for all entities, other than public business entities, that elect the practical expedient) related to the estimation of expected credit losses for current accounts receivable and current contract assets that arise from transactions accounted for under ASC 606.
ASU 2025-05 is effective for the Company’s annual report for fiscal year ending September 30, 2027 and interim periods within that annual reporting period.
The Company is evaluating the impact this guidance will have on its disclosures.
ASU No. 2025-06: Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use SoftwareASU 2025-06 makes targeted improvements to ASC 350-40 and amends certain aspects of the accounting for and disclosure of software costs under ASC 350-40. The amendments supersede the guidance on Web site development costs in ASC 350-50 and relocate that guidance, along with the recognition requirements for development costs specific to Web sites, to ASC 350-40.ASU 2025-06 is effective for the Company’s annual report for fiscal year ending September 30, 2029 and interim periods within that annual reporting period.The Company is evaluating the impact this guidance will have on its disclosures.
ASU No. 2025-09: Derivatives and Hedging (Topic 815): Hedge Accounting ImprovementsASU 2025-09 amends certain aspects of the hedge accounting guidance in ASC 815. The amendments are intended to more closely align hedge accounting with the economics of an entity’s risk management activities.ASU 2025-09 is effective for the Company’s annual report for fiscal year ending September 30, 2028 and interim periods within that annual reporting period.The Company is evaluating the impact this guidance will have on its disclosures.
ASU No. 2025-10: Government Grants (Topic 832): Accounting for Government Grants Received by Business EntitiesASU 2025-10 adds guidance to ASC 832 on the recognition, measurement, and presentation of government grants. In the absence of such guidance, many for-profit entities historically have analogized to other GAAP, including IAS 20 or ASC 958-605, when accounting for government grants. In developing the ASU’s recognition and measurement framework, the FASB largely leveraged the guidance in IAS 20.ASU 2025-10 is effective for the Company’s annual report for fiscal year ending September 30, 2030 and interim periods within that annual reporting period.The Company is evaluating the impact this guidance will have on its disclosures.
ASU No. 2025-11: Interim Reporting (Topic 270): Narrow-Scope ImprovementsASU 2025-11 improves the guidance in Topic 270, Interim Reporting, by improving the navigability of the required interim disclosures and clarifying when that guidance is applicable. The amendments also provide additional guidance on what disclosures should be provided in interim reporting periods and add to Topic 270 a principle that requires entities to disclose events since the end of the last annual reporting period that have a material impact on the entity.ASU 2025-11 is effective for the Company’s interim reports within fiscal year ending September 30, 2029.The Company is evaluating the impact this guidance will have on its disclosures.
ASU No. 2025-12: Codification ImprovementsASU 2025-12 makes updates for a broad range of Topics arising from technical corrections, unintended application of the Codification, clarifications, and other minor improvements. The amendments affect a wide variety of Topics in the Codification and apply to all reporting entities within the scope of the affected accounting guidance.
ASU 2025-12 is effective for the Company’s annual report for fiscal year ending September 30, 2028 and interim periods within that annual reporting period. Early adoption is permitted in both interim and annual reporting periods, and the Company may elect to early adopt the amendments on an issue-by-issue basis.
Issue 20 was early adopted by the Company and applied for the Company’s sale of receivables. The Company is evaluating the impact of other Issues in this guidance will have on its disclosures.