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Leases (Tables)
9 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Schedule of Financial Statement Classification of Lease Balances Within Condensed Consolidated Balance Sheets

The following table provides information about the financial statement classification of our lease balances reported within the Condensed Consolidated Balance Sheets, in thousands:

 

 

 

June 30,
2026

 

 

September 30,
2025

 

Assets

 

 

 

 

 

 

Right-of-use assets - operating

 

$

16,318

 

 

$

18,293

 

Right-of-use assets - finance

 

 

207

 

 

 

247

 

Total right-of-use assets

 

$

16,525

 

 

$

18,540

 

Liabilities

 

 

 

 

 

 

Current

 

 

 

 

 

 

Operating lease liabilities

 

$

2,032

 

 

$

1,903

 

Finance lease liabilities

 

 

130

 

 

 

126

 

Total current portion of long-term lease liabilities

 

 

2,162

 

 

 

2,029

 

Long-term

 

 

 

 

 

 

Operating lease liabilities

 

 

15,621

 

 

 

17,316

 

Finance lease liabilities

 

 

108

 

 

 

168

 

Total long-term lease liabilities

 

 

15,729

 

 

 

17,484

 

Total lease liabilities

 

$

17,891

 

 

$

19,513

 

Schedule of Financial Statement Classification of Lease Expenses Reported in Condensed Consolidated Statements of Operations

The following table provides information about the financial statement classification of our lease expenses reported in the Condensed Consolidated Statements of Operations, in thousands:

 

 

 

 

 

Three Months Ended June 30,

 

 

Nine Months Ended June 30,

 

Lease cost

 

Classification

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Operating lease cost

 

Cost of sales

 

$

461

 

 

$

454

 

 

$

1,400

 

 

$

1,373

 

Operating lease cost

 

Selling, general and administrative

 

 

516

 

 

 

371

 

 

 

1,249

 

 

 

1,098

 

Operating lease cost

 

Research, development and engineering

 

 

 

 

 

3

 

 

 

 

 

 

9

 

Finance lease cost

 

Cost of sales

 

 

5

 

 

 

 

 

 

14

 

 

 

 

Finance lease cost

 

Selling, general and administrative

 

 

30

 

 

 

26

 

 

 

89

 

 

 

76

 

Total lease cost

 

 

 

$

1,012

 

 

$

854

 

 

$

2,752

 

 

$

2,556

 

Future Minimum Lease Payments Under Non-cancelable Leases

Future minimum lease payments under non-cancelable leases as of June 30, 2026 are as follows, in thousands:

 

 

 

Operating Leases

 

 

Finance Leases

 

 

Total

 

Remainder of 2026

 

$

809

 

 

$

40

 

 

$

849

 

2027

 

 

3,248

 

 

 

120

 

 

 

3,368

 

2028

 

 

3,316

 

 

 

42

 

 

 

3,358

 

2029

 

 

3,389

 

 

 

35

 

 

 

3,424

 

2030

 

 

3,451

 

 

 

20

 

 

 

3,471

 

Thereafter

 

 

8,314

 

 

 

 

 

 

8,314

 

Total lease payments

 

 

22,527

 

 

 

257

 

 

 

22,784

 

Less: Interest

 

 

4,874

 

 

 

19

 

 

 

4,893

 

Present value of lease liabilities

 

$

17,653

 

 

$

238

 

 

$

17,891

 

Schedule of Weighted Average Remaining Term and Discount Rates

The following table provides information about the remaining lease terms and discount rates applied:

 

 

 

June 30,
2026

 

 

September 30,
2025

 

Weighted average remaining lease term

 

 

 

 

 

 

Operating leases

 

6.89 years

 

 

7.57 years

 

Finance leases

 

2.47 years

 

 

2.76 years

 

Weighted average discount rate

 

 

 

 

 

 

Operating leases

 

 

7.23

%

 

 

6.91

%

Finance leases

 

 

7.06

%

 

 

6.85

%