Net Loss Per Share (Tables)

9 Months Ended

12 Months Ended

Jun. 30, 2026

Sep. 30, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share Basic and Diluted

			Class A				Class B				Class A				Class B
		Three months ended June 30,
		2026								2025
			Class A				Class B				Class A				Class B
Basic net loss per share:
Numerator:
Allocation of net loss		$	(16,528	)		$	(267	)		$	(7,932	)		$	(340	)
Preferred stock dividends			(8	)			—				—				—
Net loss available to common stockholders		$	(16,536	)		$	(267	)		$	(7,932	)		$	(340	)
Denominator:
Weighted-average shares outstanding			12,439,568				200,491				4,678,039				200,491
Basic net loss per share		$	(1.33	)		$	(1.33	)		$	(1.70	)		$	(1.70	)

Diluted net loss per share:
Numerator:
Net loss available to common stockholders		$	(16,536	)		$	(267	)		$	(7,932	)		$	(340	)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock			(267	)			—				(340	)			—
Allocation of net loss		$	(16,803	)		$	(267	)		$	(8,272	)		$	(340	)

Denominator:
Number of shares used in basic earnings per share calculation			12,439,568				200,491				4,678,039				200,491
Conversion of Class B to Class A Common Stock			200,491				—				200,491				—
Number of shares used in per share computation			12,640,059				200,491				4,878,530				200,491
Diluted net loss per share		$	(1.33	)		$	(1.33	)		$	(1.70	)		$	(1.70	)

			Class A				Class B				Class A				Class B
		Nine months ended June 30,
		2026								2025
			Class A				Class B				Class A				Class B
Basic net loss per share:
Numerator:
Allocation of net loss		$	(32,094	)		$	(679	)		$	(28,944	)		$	(1,458	)
Preferred stock dividends			(8	)			—				—				—
Net loss available to common stockholders		$	(32,102	)			(679	)		$	(28,944	)		$	(1,458	)
Denominator:
Weighted-average shares outstanding			9,483,444				200,491				4,043,700				203,741
Basic net loss per share		$	(3.39	)		$	(3.39	)		$	(7.16	)		$	(7.16	)

Diluted net loss per share:
Numerator:
Allocation of net loss		$	(32,102	)		$	(679	)		$	(28,944	)		$	(1,458	)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock			(679	)			—				(1,458	)			—
Allocation of net loss		$	(32,781	)		$	(679	)		$	(30,402	)		$	(1,458	)

Denominator:
Number of shares used in basic earnings per share calculation			9,483,444				200,491				4,043,700				203,741
Conversion of Class B to Class A Common Stock			200,491				—				203,741				—
Number of shares used in per share computation			9,683,935				200,491				4,247,441				203,741
Diluted net loss per share		$	(3.39	)		$	(3.39	)		$	(7.16	)		$	(7.16	)

		Class A				Class B				Class A				Class B
		Year ended September 30,
		2025								2024
		Class A				Class B				Class A				Class B
Basic net loss per share:
Numerator:
Allocation of net loss		$	(44,072	)		$	(2,059	)		$	(18,452	)		$	(1,582	)
Deemed dividend from warrant price adjustment			—				—				(609	)			(52	)
Net loss available to common stockholders		$	(44,072	)		$	(2,059	)		$	(19,061	)		$	(1,634	)
Denominator:
Weighted-average shares outstanding			4,343,588				202,921				2,617,527				224,431
Basic net loss per share		$	(10.15	)		$	(10.15	)		$	(7.28	)		$	(7.28	)

Diluted net loss per share:
Numerator:
Net loss available to common stockholders		$	(44,072	)		$	(2,059	)		$	(19,061	)		$	(1,634	)
Change in fair value of PIPE make-whole liability			—				—				(764	)			(66	)
Change in fair value of liability-classified warrants			—				—				(634	)			(54	)
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock			(2,059	)			—				(1,754	)			—
Reallocation of net loss as a result of conversion of Class B to Class A Common Stock			—				—				—				63
Allocation of net loss		$	(46,131	)		$	(2,059	)		$	(22,213	)		$	(1,691	)
Denominator:
Number of shares used in basic earnings per share calculation			4,343,588				202,921				2,617,527				224,431
Shares issuable in satisfaction of PIPE make-whole liability			—				—				72,722				—
Shares issuable under liability-classified warrants			—				—				33,620				—
Conversion of Class B to Class A Common Stock			202,921				—				224,431				—
Number of shares used in per share computation			4,546,509				202,921				2,948,302				224,431
Diluted net loss per share		$	(10.15	)		$	(10.15	)		$	(7.53	)		$	(7.53	)

Schedule of Antidilutive Shares

The potential shares of Class A Common Stock that were excluded from the computation of diluted net loss per share for the periods presented because including them would have an antidilutive effect were as follows:

Schedule of Antidilutive Shares

		2026				2025
		Nine months ended June 30,
		2026				2025
Warrants			2,555,074				2,107,840
Shares potentially issuable upon conversion of preferred stock or exercise of warrants on preferred stock³			—				—
Shares potentially issuable upon conversion of convertible notes payable measured at fair value⁴			—				—
Shares potentially issuable under earnout arrangements			350,000				414,281
RSAs			342,500				510,000
RSUs			506,120				620,414
Stock options			205,097				245,262
Total			3,958,791				3,897,797

³

The amounts issuable upon conversion of the preferred shares or the exercise of the warrants for the preferred shares were not included here as of June 30, 2026, as the number of dilutive shares is not determinable until conversion or exercise. Using the lowest eight day volume weighted average price of the Class A Common Shares on June 30, 2026, the Company estimates that approximately 6,367,975 shares would be issuable upon conversion of the preferred shares and exercise of the warrants as of June 30, 2026.

⁴

The amounts issuable upon conversion of the convertible notes measured at fair value were not included here as of June 30, 2026, as the number of dilutive shares is not determinable until conversion Using the lowest eight-day volume weighted average price of the Class A Common Shares on June 30, 2026, the Company estimates that approximately 2,570,688 shares would be issuable upon conversion as of June 30, 2026.

Schedule of Antidilutive Shares

		2025				2024
		Year ended September 30,
		2025				2024

Public Warrants and Private Warrants			900,000				900,000
Other common stock warrants			1,570,568				751,878
Earnout Shares			350,000				350,000
Shares potentially issuable under Rage Earnout			64,280				128,560
RSAs			487,250				—
RSUs			954,599				446,318
Stock options			245,218				274,063
Total			4,571,915				2,850,819