v3.26.1
Segment Information (Tables)
 9 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Summary operating results for each of our segments were (in thousands):
Three months ended June 30,Nine months ended June 30,
2026202520262025
Revenue
IoT Products & Services$99,793 $80,032 $279,778 $235,638 
IoT Solutions38,877 27,482 112,097 80,245 
Total revenue$138,670 $107,514 $391,875 $315,883 
Depreciation and amortization
IoT Products & Services$3,923 $2,916 $10,431 $9,262 
IoT Solutions7,546 5,385 22,562 15,701 
Total depreciation and amortization$11,469 $8,301 $32,993 $24,963 
Other segment items*
IoT Products & Services$79,086 $64,935 $226,897 $191,940 
IoT Solutions25,220 19,355 75,691 56,971 
Total other segment items$104,306 $84,290 $302,588 $248,911 
Operating income
IoT Products & Services$16,784 $12,181 $42,450 $34,436 
IoT Solutions6,111 2,742 13,844 7,573 
Total operating income$22,895 $14,923 $56,294 $42,009 
*Other segment items for both IoT Products & Services and IoT Solutions include cost of sales and operating expenses.
7. SEGMENT INFORMATION (CONTINUED)
The following table provides a reconciliation of segment operating income to consolidated income before taxes:
Three months ended June 30,Nine months ended June 30,
2026202520262025
Total segment operating income$22,895 $14,923 $56,294 $42,009 
Total other expense, net(1,637)(963)(6,208)(4,605)
Income before income taxes$21,258 $13,960 $50,086 $37,404 
*Total other expense, net primarily includes interest expense, net in the three and nine months ended June 30, 2026 and 2025, respectively.
Payments to Acquire Property, Plant and Equipment by Segment
Total expended for property, plant and equipment was (in thousands):
Nine months ended June 30,
20262025
IoT Products & Services$1,055 $1,295 
IoT Solutions*562 539 
Total expended for property, plant and equipment$1,617 $1,834 
* Excluded from these amounts are $5,916 and $6,859 of transfers of inventory to property plant and equipment for subscriber assets for the nine months ended June 30, 2026 and 2025, respectively.
Reconciliation of Assets from Segment to Consolidated
Total assets for each of our segments were (in thousands):
June 30,
2026		September 30,
2025
IoT Products & Services$382,587 $338,454 
IoT Solutions553,792 562,290 
Segment assets936,379 900,744 
Unallocated*27,972 21,902 
Total assets$964,351 $922,646 
*Unallocated consists of cash and cash equivalents.