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Segment Information (Tables)
12 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of segment reporting information, by segment

The following table sets forth certain financial information for the Company's reportable segments:

 

 

 

 

Year Ended September 30,

 

(in thousands)

2025

 

 

2024

 

 

 

2023

 

GovDeals:

 

 

 

 

 

 

 

 

 

 

 

 

Purchase revenue

 

$

690

 

 

$

191

 

 

 

$

 

 

Consignment and other fee revenues

 

 

86,714

 

 

 

76,366

 

 

 

 

62,010

 

 

Total revenue

 

 

87,404

 

 

 

76,557

 

 

 

 

62,010

 

 

Cost of goods sold (excludes depreciation and amortization)

 

 

(6,398

)

 

 

(4,830

)

 

 

 

(3,200

)

 

Segment direct profit

 

$

81,006

 

 

$

71,727

 

 

 

$

58,810

 

 

 

 

 

 

 

 

 

 

 

 

RSCG:

 

 

 

 

 

 

 

 

 

 

Purchase revenue

 

$

303,854

 

 

$

201,034

 

 

 

$

161,780

 

 

Consignment and other fee revenues

 

 

26,437

 

 

 

31,969

 

 

 

 

38,438

 

 

Total revenue

 

 

330,291

 

 

 

233,003

 

 

 

 

200,218

 

 

Cost of goods sold (excludes depreciation and amortization)

 

 

(255,544

)

 

 

(166,130

)

 

 

 

(132,150

)

 

Segment direct profit

 

$

74,747

 

 

$

66,873

 

 

 

$

68,068

 

 

 

 

 

 

 

 

 

 

 

 

CAG:

 

 

 

 

 

 

 

 

 

 

Purchase revenue

 

$

5,994

 

 

$

8,575

 

 

 

$

10,309

 

 

Consignment and other fee revenues

 

 

33,302

 

 

 

29,093

 

 

 

 

28,167

 

 

Total revenue

 

 

39,296

 

 

 

37,668

 

 

 

 

38,476

 

 

Cost of goods sold (excludes depreciation and amortization)

 

 

(4,468

)

 

 

(6,400

)

 

 

 

(6,261

)

 

Segment direct profit

 

$

34,828

 

 

$

31,268

 

 

 

$

32,215

 

 

 

 

 

 

 

 

 

 

 

 

Machinio & Software Solutions:

 

 

 

 

 

 

 

 

 

 

Purchase revenue

 

$

 

 

$

 

 

 

$

 

 

Consignment and other fee revenues

 

 

19,746

 

 

 

16,157

 

 

 

 

13,821

 

 

Total revenue

 

 

19,746

 

 

 

16,157

 

 

 

 

13,821

 

 

Cost of goods sold (excludes depreciation and amortization)

 

 

(1,444

)

 

 

(793

)

 

 

 

(711

)

 

Segment direct profit

 

$

18,302

 

 

$

15,364

 

 

 

$

13,110

 

 

 

 

 

 

 

 

 

 

 

 

 

Total segment direct profit

$

208,884

 

 

$

185,232

 

 

 

$

172,202

 

Corporate expenses, including elimination adjustments

 

 

(69

)

 

 

(66

)

 

 

 

(62

)

Consolidated direct profit

$

208,815

 

 

$

185,166

 

 

 

$

172,140

 

Schedule of reconciliation of revenue from segments to consolidated

The following table reconciles segment direct profit used in the reportable segments to the Company's consolidated results:

 



 

Year Ended September 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

Reconciliation:

 

 

 

 

 

 

 

 

 

Total segment direct profit

 

$

208,815

 

 

$

185,166

 

 

$

172,140

 

Other costs and expenses from operations (1)

 

 

172,689

 

 

 

160,290

 

 

 

145,850

 

Interest and other (income) expense, net

 

 

(3,315

)

 

 

(2,383

)

 

 

(2,726

)

Income before provision for income taxes

 

$

39,441

 

 

$

27,260

 

 

$

29,016

 

 

(1) Other costs and expenses from operations is defined as Total costs and expenses from operations per the Consolidated Statements of Operations, less Cost of goods sold (which is included in the calculation of Segment direct profit).

Schedule of reconciliation of assets from segment to consolidated

Total segment assets reconciled to consolidated amounts are as follows:

 



 

September 30,

 

(in thousands)

 

2025

 

 

2024

 

Segment Assets:

 

 

 

 

 

 

GovDeals

 

$

381,654

 

 

$

324,145

 

RSCG

 

 

141,046

 

 

 

138,082

 

CAG

 

 

100,643

 

 

 

98,716

 

Machinio & Software Solutions

 

 

54,364

 

 

 

41,871

 

Corporate & Other

 

 

(302,606

)

 

 

(255,926

)

Total Segment Assets:

 

$

375,101

 

 

$

346,888

 

Schedule of revenue by geographical areas

Revenue attributed to countries that represent a significant portion of consolidated revenues are as follows:

 



 

Year Ended September 30,

 

(in thousands)

 

2025

 

 

2024

 

 

2023

 

Revenue by geographic area

 

 

 

 

 

 

 

 

 

United States

 

$

433,258

 

 

$

323,303

 

 

$

278,734

 

Rest of the world

 

 

43,411

 

 

 

40,015

 

 

 

35,729

 

Consolidated

 

$

476,669

 

 

$

363,318

 

 

$

314,462

 

Schedule of long-lived assets by geographical areas

Total long-lived assets by geographic areas are as follows:

 



 

September 30,

 

(in thousands)

 

2025

 

 

2024

 

Assets by geographic area

 

 

 

 

 

 

United States

 

$

18,039

 

 

$

17,827

 

Rest of the world

 

 

220

 

 

 

134

 

Total Long-lived Assets

 

$

18,259

 

 

$

17,961

 

 

For the fiscal years ended September 30, 2025 and 2024, transactions with a single RSCG external customer represented approximately 13% and 12% of the Company’s consolidated revenues, respectively. No single external customer exceeded 10% of consolidated revenues for the year ended September 30, 2023.