Property and Equipment, net

12 Months Ended

Sep. 30, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment, net

Note 6 — Property and Equipment, net

Property and equipment, net consists of the following:

	Estimated Useful Life	September 30,
	(years)	2025			2024
Equipment and furniture	5 - 7	$	400		$	948
Laboratory equipment	5		681			687
Leasehold improvements	Shorter of estimated useful life or remaining lease term		41			891
Property and equipment, gross			1,122			2,526
Less: Accumulated depreciation			(794	)		(1,349	)
Property and equipment, net		$	328		$	1,177

Depreciation expense for the years ended September 30, 2025 and 2024 was $366 and $472, respectively.

During the year ended September 30, 2025, the Company recognized losses of $472 on the disposal of certain assets, principally consisting of equipment and furniture and leasehold improvements, at a leased office the Company vacated. Such losses are principally included in selling, general and administrative expenses in the consolidated statements of operations and comprehensive loss. During the year ended September 30, 2024, the Company wrote off certain tooling having a carrying value of $584 which management determined it would not use in production. The charge is included in “Research and development” in the consolidated statements of operations and comprehensive loss.

MOBIX LABS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(in thousands, except share and per share amounts)