XML 42 R31.htm IDEA: XBRL DOCUMENT
v3.26.1

Equity-Based Compensation (Tables) | 9 Months Ended
--- | ---
Jun. 30, 2026
Equity [Abstract] |
Schedule of Stock-based Compensation Expense | The Company recognized stock-based compensation expense as follows (in thousands):
| Three Months Ended |  | Nine Months Ended
| June 30, 2026 |  | June 28, 2025 |  | June 30, 2026 |  | June 28, 2025
Subscriber related expenses | $ | 66 |  |  | $ | — |  |  | $ | 180 |  |  | $ | — |
Sales and marketing | 2,422 |  |  | — |  |  | 7,774 |  |  | — |
Technology and development | 2,213 |  |  | — |  |  | 6,779 |  |  | — |
General and administrative | 4,776 |  |  | — |  |  | 17,626 |  |  | — |
Total stock-based compensation expense | $ | 9,477 |  |  | $ | — |  |  | $ | 32,359 |  |  | $ | — |
Schedule of of Stock Option Activity | A summary of time-based stock option activity for the nine months ended June 30, 2026 is as follows (in thousands, except share and per share amounts):
| Number of Shares |  | Weighted Average Exercise Price |  | Total Intrinsic Value |  | Weighted Average Remaining Contractual Life (Years)
Outstanding as of September 27, 2025 | — |  |  | $ | — |  |  | $ | — |  |  | N/A
Assumed from Fubo | 655,138 |  |  | $ | 90.56 |  |  | $ | 2,755 |  |  | 3.9
Exercised | (13,719) |  |  | $ | 7.51 |  |  |  |  |
Forfeited or expired | (55,216) |  |  | $ | 122.70 |  |  |  |  |
Outstanding as of June 30, 2026 | 586,203 |  |  | $ | 89.48 |  |  | $ | 2 |  |  | 3.9
Options vested and exercisable as of June 30, 2026 | 572,949 |  |  | $ | 91.21 |  |  | $ | 2 |  |  | 3.5
A summary of activity under the 2020 Plan for market and service-based stock options for the nine months ended June 30, 2026 is as follows (in thousands, except share and per share amounts):
| Number of Shares |  | Weighted Average Exercise Price |  | Total Intrinsic Value |  | Weighted Average Remaining Contractual Life (Years)
Outstanding as of September 27, 2025 | — |  |  | $ | — |  |  | $ | — |  |  | N/A
Assumed from Fubo | 371,110 |  |  | $ | 153.00 |  |  | $ | — |  |  | 1.8
Outstanding as of June 30, 2026 | 371,110 |  |  | $ | 153.00 |  |  | $ | — |  |  | 1.2
Options vested and exercisable as of June 30, 2026 | 371,110 |  |  | $ | 153.00 |  |  | $ | — |  |  | 1.2
Schedule of Nonvested Restricted Stock Units Activity | A summary of the Company’s time-based restricted stock unit activity during the nine months ended June 30, 2026 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 2,887,103 |  |  | $ | 31.18 |
Granted | 371,167 |  |  | $ | 43.85 |
Vested | (881,843) |  |  | $ | 36.23 |
Forfeited or expired | (70,696) |  |  | $ | 29.35 |
Unvested at June 30, 2026 | 2,305,731 |  |  | $ | 31.34 |
A summary of the Company’s performance-based restricted stock unit activity during the nine months ended June 30, 2026 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 357,915 |  |  | $ | 58.14 |
Granted | 129,689 |  |  | $ | 44.28 |
Vested | (29,062) |  |  | $ | 37.75 |
Unvested at June 30, 2026 | 458,542 |  |  | $ | 55.51 |
A summary of the Company’s market and service-based restricted stock unit activity during the nine months ended June 30, 2026 is as follows:
| Number of Shares |  | Weighted Average Grant-Date Fair Value
Unvested at September 27, 2025 | — |  |  | N/A
Assumed from Fubo | 108,732 |  |  | $ | 33.76 |
Unvested at June 30, 2026 | 108,732 |  |  | $ | 33.76 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfEmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration