Revenue Recognition

6 Months Ended

Mar. 31, 2026

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Revenue Recognition

The following table summarizes the contract balances recognized on the Company's consolidated balance sheets as follows (in thousands):

	March 31,		September 30,
	2026		2025
Contract assets	$	15,571	$	22,000

Contract assets are included as part of accounts receivable on the consolidated balances sheets. The change from prior period is primarily due to reduced revenue volume. Contract liabilities had no balance as of March 31, 2026 and September 30, 2025.

Disaggregation of Revenue from Contracts with Customers

We disaggregate our revenue from contracts with customers by customer, contract type, as well as whether the Company acts as prime contractor or subcontractor. We believe these categories best depict how the nature, amount, timing and uncertainty of our revenue and cash flows are affected by economic factors. The following series of tables present our revenue disaggregated by these categories:

Revenue by customer was as follows (in thousands):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Department of Health and Human Services	$	32,495	$	44,590	$	67,125	$	86,745
Department of Veterans Affairs	19,738		28,696		46,649		62,795
Department of Defense	6,830		14,711		14,056		28,066
Other	202		1,215		328		2,388
Total	$	59,265	$	89,212	$	128,158	$	179,994

Revenue by contract type was as follows (in thousands):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Time and Materials	$	21,348	$	46,339	$	51,954	$	95,741
Firm Fixed Price	23,957		23,291		48,245		46,529
Cost Reimbursable	13,960		19,582		27,959		37,724
Total	$	59,265	$	89,212	$	128,158	$	179,994

Revenue by whether the Company acts as a prime contractor or a subcontractor was as follows (in thousands):

	Three Months Ended				Six Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Prime Contractor	$	54,271	$	81,755	$	118,726	$	164,859
Subcontractor	4,994		7,457		9,432		15,135
Total	$	59,265	$	89,212	$	128,158	$	179,994