v3.26.1
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue
(in thousands)Three Months Ended
June 30,		Nine Months Ended
June 30,
2026202520262025
Revenue recognized at a point-in-time$8,230 $7,798 $13,982 $40,496 
Revenue recognized over time810 592 2,285 2,768 
Total$9,040 $8,390 $16,267 $43,264 
Revenues disaggregated by significant products and services for the three and nine months ended June 30, 2026 and 2025 are as follows:
(in thousands)Three Months Ended
June 30,		Nine Months Ended
June 30,
2026202520262025
Alico Citrus
Early and Mid-Season$— $— $1,915 $15,577 
Valencias1,123 7,795 3,281 24,088 
Fresh Fruit and Other— 3 588 831 
Grove Management Services— 7 13 888 
Total$1,123 $7,805 $5,797 $41,384 
Land Management and Other Operations
Land and Other Leasing$7,782 $496 $10,100 $1,649 
Other135 89 370 231 
Total$7,917 $585 $10,470 $1,880 
Total Revenues$9,040 $8,390 $16,267 $43,264 
Schedule of Minimum Future Base Rental Revenue on Non-Cancelable Leases
Minimum future base rental revenue on non-cancelable leases subsequent to June 30, 2026 are summarized as follows. Certain of our leases include renewal options which could be exercised at the lessee’s discretion and are not included in the amounts in the table below.
(in thousands)June 30, 2026
Fiscal 2026$659 
Fiscal 20271,899 
Fiscal 20281,918 
Fiscal 20291,812 
Fiscal 20301,819 
Thereafter8,457 
Total$16,564 
Schedule of Restricted Cash
(in thousands)June 30,
2026		September 30,
2025
Cash and cash equivalents$55,584 $38,128 
Restricted cash762 762 
Cash and cash equivalents and restricted cash$56,346 $38,890 
Schedule of Restricted Cash
(in thousands)June 30,
2026		September 30,
2025
Cash and cash equivalents$55,584 $38,128 
Restricted cash762 762 
Cash and cash equivalents and restricted cash$56,346 $38,890 
Schedule of Fair Value, Liabilities Measured on Recurring Basis The carrying amounts and estimated fair values (Level 2) of note receivable and debt instruments are as follows:
(in thousands)June 30, 2026September 30, 2025
Carrying AmountEstimated Fair ValueCarrying AmountEstimated Fair Value
Other non-current assets
Note receivable from Corkscrew Grove Stewardship District$5,071 $4,793 $— $— 
Corporate debt
Current portion of long-term debt$250 $247 $250 $250 
Long-term debt$85,513 $80,979 $85,700 $81,668 
Schedule of Weighted Average Number of Shares
The following table presents a reconciliation of basic to diluted weighted average common shares outstanding for the three and nine months ended June 30, 2026 and 2025:
(in thousands)Three Months Ended
June 30,		Nine Months Ended
June 30,
2026202520262025
Weighted Average Common Shares Outstanding – Basic7,419 7,641 7,566 7,637 
Effect of dilutive securities – stock options and restricted stock units18 — 11 — 
Weighted Average Common Shares Outstanding – Diluted7,437 7,641 7,577 7,637 
Schedule of Revenue by Major Customers by Reporting Segments
Accounts receivable from the Company’s major customers as of June 30, 2026 and September 30, 2025, and revenue from such customer for the nine months ended June 30, 2026 and 2025, are as follows:

(in thousands)Accounts ReceivableRevenue% of Total Revenue
June 30,September 30,Nine Months Ended
June 30,		Nine Months Ended
June 30,
202620252026202520262025
Tropicana$— $— $— $38,434 —%88.8%
Kobie Cattle Company$396 $— $7,853 $— 48.3 %— %