v3.26.1
Leases
 9 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
We have entered into a number of facility and equipment leases which qualify as operating leases under GAAP. We also have a limited number of equipment leases that qualify as finance leases.
The following table presents certain information related to lease term and incremental borrowing rates for leases as of June 30, 2026 and September 30, 2025:
June 30, 2026September 30, 2025
Weighted-average remaining lease term (in months):
Operating leases49.846.9
Finance leases0.03.4
Weighted-average discount rate:
Operating leases7.1%7.2%
Finance leases—%4.4%
The following table presents lease expense for the three and nine months ended June 30, 2026 and 2025 (dollars in thousands):
Three Months Ended June 30,Nine Months Ended June 30,
2026202520262025
Finance lease costs:
Amortization of right of use asset$14 $96 $63 $288 
Interest on lease liability— 1 — 6 
Operating lease cost1,268 1,974 4,576 4,759 
Variable lease cost338 158 1,046 1,076 
Sublease income(11)(56)(129)(153)
Total lease cost$1,609 $2,173 $5,556 $5,976 
The following table presents cash payments related to operating and finance leases for the three and nine months ended June 30, 2026 and 2025 (dollars in thousands):
Three Months Ended June 30,Nine Months Ended June 30,
2026202520262025
Cash payments related to:
Operating leases$1,432 $2,020 $4,128 $4,729 
Finance leases— 104 12 331 
For the three months ended June 30, 2026 and 2025, right of use assets obtained in exchange for lease obligations were none and immaterial, respectively, and less than $0.1 million and $7.9 million for the nine months ended June 30, 2026 and 2025, respectively.
The table below reconciles the undiscounted future minimum lease payments under non-cancelable operating leases to the total lease liabilities recognized on the Condensed Consolidated Balance Sheet as of June 30, 2026 (dollars in thousands):
Year Ending September 30,Total
2026$1,504 
20275,271 
20284,547 
20292,989 
20301,118 
Thereafter110 
Total future minimum lease payments$15,539 
Less effects of discounting(1,945)
Total lease liabilities$13,594 
Reported as of June 30, 2026
Short-term lease liabilities$4,056 
Long-term lease liabilities9,538 
Total lease liabilities$13,594 
As of June 30, 2026, there were no more undiscounted future minimum lease payments under non-cancelable financing leases to the total lease liabilities recognized on the Condensed Consolidated Balance Sheet.
Leases Leases
We have entered into a number of facility and equipment leases which qualify as operating leases under GAAP. We also have a limited number of equipment leases that qualify as finance leases.
The following table presents certain information related to lease term and incremental borrowing rates for leases as of June 30, 2026 and September 30, 2025:
June 30, 2026September 30, 2025
Weighted-average remaining lease term (in months):
Operating leases49.846.9
Finance leases0.03.4
Weighted-average discount rate:
Operating leases7.1%7.2%
Finance leases—%4.4%
The following table presents lease expense for the three and nine months ended June 30, 2026 and 2025 (dollars in thousands):
Three Months Ended June 30,Nine Months Ended June 30,
2026202520262025
Finance lease costs:
Amortization of right of use asset$14 $96 $63 $288 
Interest on lease liability— 1 — 6 
Operating lease cost1,268 1,974 4,576 4,759 
Variable lease cost338 158 1,046 1,076 
Sublease income(11)(56)(129)(153)
Total lease cost$1,609 $2,173 $5,556 $5,976 
The following table presents cash payments related to operating and finance leases for the three and nine months ended June 30, 2026 and 2025 (dollars in thousands):
Three Months Ended June 30,Nine Months Ended June 30,
2026202520262025
Cash payments related to:
Operating leases$1,432 $2,020 $4,128 $4,729 
Finance leases— 104 12 331 
For the three months ended June 30, 2026 and 2025, right of use assets obtained in exchange for lease obligations were none and immaterial, respectively, and less than $0.1 million and $7.9 million for the nine months ended June 30, 2026 and 2025, respectively.
The table below reconciles the undiscounted future minimum lease payments under non-cancelable operating leases to the total lease liabilities recognized on the Condensed Consolidated Balance Sheet as of June 30, 2026 (dollars in thousands):
Year Ending September 30,Total
2026$1,504 
20275,271 
20284,547 
20292,989 
20301,118 
Thereafter110 
Total future minimum lease payments$15,539 
Less effects of discounting(1,945)
Total lease liabilities$13,594 
Reported as of June 30, 2026
Short-term lease liabilities$4,056 
Long-term lease liabilities9,538 
Total lease liabilities$13,594 
As of June 30, 2026, there were no more undiscounted future minimum lease payments under non-cancelable financing leases to the total lease liabilities recognized on the Condensed Consolidated Balance Sheet.