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Income Taxes
3 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Income Taxes

9. Income Taxes

The following table summarizes the Company’s income tax (benefit) and effective income tax rate for the three months ended December 31, 2025 and 2024.

 

 

 

Three Months Ended
December 31,

 

 

 

2025

 

 

2024

 

(Loss) before income taxes

 

$

(20.4

)

 

$

(14.6

)

Income tax (benefit)

 

 

(5.2

)

 

 

(4.2

)

Effective income tax rate

 

 

25.5

%

 

 

28.8

%

 

The decrease in the effective tax rate for the three months ended December 31, 2025, when compared to the three months ended December 31, 2024, is primarily attributable to equity-based compensation shifting from a windfall position to a shortfall position, as a result of recent decreases in the share price of the Company's common stock.