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Fair Value of Financial Instruments (Tables)

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of financial instruments not carried at fair value

The table below provides information regarding these financial instruments not carried at fair value in our consolidated balance sheet as of September 30, 2024:

						As of September 30, 2024												As of September 30, 2023
						Carrying Value						Fair Value						Carrying Value						Fair Value
Loans held for investment						$	56,221					$	57,365					$	—					$	—
Secured financing facility						41,109						41,793						—						—
Mortgage note payable						45,149						46,520						—						—

Schedule of assets and liabilities measured at fair value

The following tables present our assets and liabilities that have been measured at fair value on a recurring basis:

						September 30, 2024
						Total						Level 1						Level 2						Level 3
Due from related parties related to share based payment awards						$	14,339					$	14,339					$	—					$	—
Equity method investment in SEVN						23,520						23,520						—						—
Employer compensation liability related to share based payment awards						14,339						14,339						—						—
Earnout liability						11,958						—						—						11,958

						September 30, 2023
						Total						Level 1						Level 2						Level 3
Due from related parties related to share based payment awards						$	10,695					$	10,695					$	—					$	—
Equity method investment in SEVN						18,651						18,651						—						—
Employer compensation liability related to share based payment awards						10,695						10,695						—						—

Schedule of fair value measurement inputs and valuation techniques

The following table presents additional information about the valuation techniques and significant unobservable inputs for financial assets and liabilities that are measured at fair value and categorized within Level 3 as of September 30, 2024:

Fair Value

Valuation Technique

Unobservable Input

Range

Earnout liability

$

11,958

Monte Carlo

Capital deployment volatility

15.00%

Discount rate

5.53%

Schedule of fair value, liabilities measured on recurring basis, unobservable input reconciliation

The table below presents a summary of the changes in fair value for our Earnout liability measured on a recurring basis:

												Fiscal Year Ended
												September 30, 2024
Beginning balance												$	—
Acquisition of MPC Partnership Holdings LLC												14,547
Changes in fair value for our Earnout liability measured on a recurring basis												(2,589)
Ending balance												$	11,958

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

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Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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