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Leases | 12 Months Ended
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Sep. 30, 2025
Leases [Abstract] |
Leases | Leases We lease office space and data centers under operating lease arrangements, which constitute the majority of our lease obligations. We also enter into finance lease agreements from time to time for certain computer equipment. For any lease with a lease term in excess of 12 months, the related lease assets and liabilities are recognized on our consolidated balance sheets as operating leases or finance leases at the commencement of an agreement where it is determined that a lease exists. We have lease agreements that contain both lease and non-lease components, and we have elected to combine these components together and account for them as a single lease component for all classes of assets. Leases with a lease term of 12 months or less are not recorded on our consolidated balance sheets. Furthermore, we recognize lease expense for these leases on a straight-line basis over the lease term. Operating lease assets represent the right to use an underlying asset for the lease term and operating lease liabilities represent the obligation to make lease payments arising from the lease. These assets and liabilities are recognized based on the present value of future payments over the lease term at the commencement date. We use a collateralized incremental borrowing rate based on the information available at the commencement date, including the lease term, in determining the present value of future payments. In calculating the incremental borrowing rates, we consider recent ratings from credit agencies and current lease demographic information. Our operating leases also typically require payment of real estate taxes, common area maintenance, insurance and other operating costs as well as payments that are adjusted based on a consumer price index. These components comprise the majority of our variable lease cost and are excluded from the present value of our lease obligations. In instances where they are fixed, they are included due to our election to combine lease and non-lease components. Operating lease assets also include prepaid lease payments and initial direct costs, and are reduced by lease incentives. Our lease terms generally do not include options to extend or terminate the lease unless it is reasonably certain that the option will be exercised. Fixed payments may contain predetermined fixed rent escalations. We recognize the related rent expense on a straight-line basis from the commencement date to the end of the lease term. The following table presents the lease balances within the accompanying consolidated balance sheets as of September 30, 2025 and 2024:
| Balance Sheet Location |  | September 30,
|  |  | 2025 |  | 2024
|  |  | (In thousands)
Assets |  |  |  |  |
Operating leases | Operating lease right-of-use assets |  | $ | 26,213 |  |  | $ | 29,580 |
Finance leases (*) | Property and equipment, net |  | 6,946 |  |  | 9,881 |
Total lease assets |  |  | $ | 33,159 |  |  | $ | 39,461 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating leases | Other accrued liabilities |  | $ | 9,615 |  |  | $ | 11,555 |
Finance leases | Other accrued liabilities |  | 3,266 |  |  | 3,144 |
Non-current: |  |  |  |  |
Operating leases | Operating lease liabilities |  | 19,187 |  |  | 21,963 |
Finance leases | Other liabilities |  | 3,941 |  |  | 7,263 |
Total lease liabilities |  |  | $ | 36,009 |  |  | $ | 43,925 |
(*) Finance leases were recorded net of accumulated depreciation of $4.8 million and $1.9 million at September 30, 2025 and 2024, respectively. The components of our operating and finance lease expenses were as follows:
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Operating lease cost | $ | 11,686 |  |  | $ | 14,421 |  |  | $ | 16,594 |
Finance lease cost: |  |  |  |  |
Depreciation of lease assets | 2,935 |  |  | 1,859 |  |  | — |
Interest on lease liabilities | 481 |  |  | 369 |  |  | — |
Short-term lease cost | 802 |  |  | 811 |  |  | 461 |
Variable lease cost | 1,906 |  |  | 2,060 |  |  | 2,363 |
Sublease income | (461) |  |  | (1,073) |  |  | (429) |
Total lease cost | $ | 17,349 |  |  | $ | 18,447 |  |  | $ | 18,989 |
The following table presents weighted-average remaining lease terms and weighted-average discount rates related to our operating and finance leases:
| September 30,
| 2025 |  | 2024
Operating leases: |  |  |
Weighted-average remaining lease term (in months) | 46 |  | 44
Weighted-average discount rate | 6.58 | % |  | 6.41 | %
Finance leases: |  |  |
Weighted-average remaining lease term (in months) | 28 |  | 40
Weighted-average discount rate | 5.52 | % |  | 5.52 | %
Supplemental cash flow information related to our non-cancellable leases was as follows:
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflow for operating leases | $ | 11,651 |  |  | $ | 18,153 |  |  | $ | 19,780 |
Operating cash outflow for finance leases | 481 |  |  | 369 |  |  | — |
Financing cash outflow for finance leases | 3,144 |  |  | 1,333 |  |  | — |
Lease assets obtained in exchange for new lease liabilities: |  |  |  |  |
Operating leases | 6,669 |  |  | 22,433 |  |  | 4,150 |
Finance leases | — |  |  | 11,740 |  |  | — |
Future lease payments under our non-cancellable leases as of September 30, 2025 were as follows:
| Operating Leases |  | Finance Leases
| (In thousands)
Fiscal 2026 | $ | 11,214 |  |  | $ | 3,625 |
Fiscal 2027 | 8,125 |  |  | 3,625 |
Fiscal 2028 | 5,576 |  |  | 441 |
Fiscal 2029 | 3,767 |  |  | — |
Fiscal 2030 | 1,917 |  |  | — |
Thereafter | 2,191 |  |  | — |
Total future undiscounted lease payments | 32,790 |  |  | 7,691 |
Less imputed interest | (3,988) |  |  | (484) |
Total reported lease liabilities | $ | 28,802 |  |  | $ | 7,207 |
The amounts above do not include contractual sublease income totaling $0.4 million and $0.2 million during fiscal 2026 and 2027, respectively.
Leases | Leases We lease office space and data centers under operating lease arrangements, which constitute the majority of our lease obligations. We also enter into finance lease agreements from time to time for certain computer equipment. For any lease with a lease term in excess of 12 months, the related lease assets and liabilities are recognized on our consolidated balance sheets as operating leases or finance leases at the commencement of an agreement where it is determined that a lease exists. We have lease agreements that contain both lease and non-lease components, and we have elected to combine these components together and account for them as a single lease component for all classes of assets. Leases with a lease term of 12 months or less are not recorded on our consolidated balance sheets. Furthermore, we recognize lease expense for these leases on a straight-line basis over the lease term. Operating lease assets represent the right to use an underlying asset for the lease term and operating lease liabilities represent the obligation to make lease payments arising from the lease. These assets and liabilities are recognized based on the present value of future payments over the lease term at the commencement date. We use a collateralized incremental borrowing rate based on the information available at the commencement date, including the lease term, in determining the present value of future payments. In calculating the incremental borrowing rates, we consider recent ratings from credit agencies and current lease demographic information. Our operating leases also typically require payment of real estate taxes, common area maintenance, insurance and other operating costs as well as payments that are adjusted based on a consumer price index. These components comprise the majority of our variable lease cost and are excluded from the present value of our lease obligations. In instances where they are fixed, they are included due to our election to combine lease and non-lease components. Operating lease assets also include prepaid lease payments and initial direct costs, and are reduced by lease incentives. Our lease terms generally do not include options to extend or terminate the lease unless it is reasonably certain that the option will be exercised. Fixed payments may contain predetermined fixed rent escalations. We recognize the related rent expense on a straight-line basis from the commencement date to the end of the lease term. The following table presents the lease balances within the accompanying consolidated balance sheets as of September 30, 2025 and 2024:
| Balance Sheet Location |  | September 30,
|  |  | 2025 |  | 2024
|  |  | (In thousands)
Assets |  |  |  |  |
Operating leases | Operating lease right-of-use assets |  | $ | 26,213 |  |  | $ | 29,580 |
Finance leases (*) | Property and equipment, net |  | 6,946 |  |  | 9,881 |
Total lease assets |  |  | $ | 33,159 |  |  | $ | 39,461 |
Liabilities |  |  |  |  |
Current: |  |  |  |  |
Operating leases | Other accrued liabilities |  | $ | 9,615 |  |  | $ | 11,555 |
Finance leases | Other accrued liabilities |  | 3,266 |  |  | 3,144 |
Non-current: |  |  |  |  |
Operating leases | Operating lease liabilities |  | 19,187 |  |  | 21,963 |
Finance leases | Other liabilities |  | 3,941 |  |  | 7,263 |
Total lease liabilities |  |  | $ | 36,009 |  |  | $ | 43,925 |
(*) Finance leases were recorded net of accumulated depreciation of $4.8 million and $1.9 million at September 30, 2025 and 2024, respectively. The components of our operating and finance lease expenses were as follows:
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Operating lease cost | $ | 11,686 |  |  | $ | 14,421 |  |  | $ | 16,594 |
Finance lease cost: |  |  |  |  |
Depreciation of lease assets | 2,935 |  |  | 1,859 |  |  | — |
Interest on lease liabilities | 481 |  |  | 369 |  |  | — |
Short-term lease cost | 802 |  |  | 811 |  |  | 461 |
Variable lease cost | 1,906 |  |  | 2,060 |  |  | 2,363 |
Sublease income | (461) |  |  | (1,073) |  |  | (429) |
Total lease cost | $ | 17,349 |  |  | $ | 18,447 |  |  | $ | 18,989 |
The following table presents weighted-average remaining lease terms and weighted-average discount rates related to our operating and finance leases:
| September 30,
| 2025 |  | 2024
Operating leases: |  |  |
Weighted-average remaining lease term (in months) | 46 |  | 44
Weighted-average discount rate | 6.58 | % |  | 6.41 | %
Finance leases: |  |  |
Weighted-average remaining lease term (in months) | 28 |  | 40
Weighted-average discount rate | 5.52 | % |  | 5.52 | %
Supplemental cash flow information related to our non-cancellable leases was as follows:
| Year Ended September 30,
| 2025 |  | 2024 |  | 2023
| (In thousands)
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |
Operating cash outflow for operating leases | $ | 11,651 |  |  | $ | 18,153 |  |  | $ | 19,780 |
Operating cash outflow for finance leases | 481 |  |  | 369 |  |  | — |
Financing cash outflow for finance leases | 3,144 |  |  | 1,333 |  |  | — |
Lease assets obtained in exchange for new lease liabilities: |  |  |  |  |
Operating leases | 6,669 |  |  | 22,433 |  |  | 4,150 |
Finance leases | — |  |  | 11,740 |  |  | — |
Future lease payments under our non-cancellable leases as of September 30, 2025 were as follows:
| Operating Leases |  | Finance Leases
| (In thousands)
Fiscal 2026 | $ | 11,214 |  |  | $ | 3,625 |
Fiscal 2027 | 8,125 |  |  | 3,625 |
Fiscal 2028 | 5,576 |  |  | 441 |
Fiscal 2029 | 3,767 |  |  | — |
Fiscal 2030 | 1,917 |  |  | — |
Thereafter | 2,191 |  |  | — |
Total future undiscounted lease payments | 32,790 |  |  | 7,691 |
Less imputed interest | (3,988) |  |  | (484) |
Total reported lease liabilities | $ | 28,802 |  |  | $ | 7,207 |
The amounts above do not include contractual sublease income totaling $0.4 million and $0.2 million during fiscal 2026 and 2027, respectively.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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