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Supporting Financial Information (Tables)
6 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Accounts Receivable
The following table summarizes accounts receivable presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Billed receivables$18,071 $16,394 
Contract assets15,571 22,000 
Accounts receivable$33,642 $38,394 
Schedule of Other Current Assets
The following table summarizes other current assets presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Prepaid licenses and other expenses$2,309 $1,892 
Prepaid insurance and benefits32 1,015 
Other receivables672 1,111 
Other current assets$3,013 $4,018 
Schedule of Intangible Assets
The following table summarizes intangible assets, net presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Intangible assets
Customer contracts and related customer relationships$113,622 $113,622 
Backlog37,249 37,249 
Trade name13,034 13,034 
Covenants-not-to-compete
637 637 
Total intangible assets164,542 164,542 
Less: accumulated amortization
Customer contracts and related customer relationships(58,349)(52,665)
Backlog(16,575)(14,714)
Trade name(5,443)(4,792)
Covenants-not-to-compete
(537)(506)
Total accumulated amortization(80,904)(72,677)
Intangible assets, net$83,638 $91,865 
The weighted-average remaining amortization period at March 31, 2026 is as follows:
Intangible assetsWeighted-Average Remaining Amortization Period
Customer contracts and related customer relationships6.1 years
Backlog5.9 years
Trade names6.3 years
Covenants not to compete6.0 years
Total
6.1 years
Schedule of Estimated Amortization of Intangible Assets
As of March 31, 2026, the estimated amortization expense per fiscal year was as follows (in thousands):
Fiscal year ending:
2026 (remaining)$7,493 
202714,694 
202814,694 
202913,734 
203011,637 
Thereafter21,386 
Total amortization expense$83,638 
Schedule of Equipment and Improvements, Net
The following table summarizes equipment and improvements, net presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Furniture and equipment$1,192 $1,177 
Computer equipment and software4,241 4,217 
Leasehold improvements1,567 1,567 
Total equipment and improvements7,000 6,961 
Less: accumulated depreciation
(6,058)(5,687)
Equipment and improvements, net$942 $1,274 
Schedule of Accounts Payable, Accrued Expenses, and Other Current Liabilities
The following table summarizes accounts payable and accrued liabilities presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Accounts payable$9,432 $12,299 
Accrued benefits488 1,214 
Accrued workers' compensation insurance516 750 
Accrued bonus and incentive compensation616 1,527 
Accrued interest911 474 
Other accrued expenses482 2,982 
Accounts payable and accrued liabilities$12,445 $19,246 
Schedule of Accrued Payroll
The following table summarizes accrued payroll presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Accrued leave$4,352 $8,112 
Accrued payroll2,511 3,701 
Accrued payroll taxes270 340 
Accrued severance48 — 
Total accrued payroll
$7,181 $12,153 
Schedule of Debt Obligations
The following table summarizes debt obligations presented on our consolidated balance sheets as follows (in thousands):
March 31,September 30,
20262025
Secured term loan$122,000 $123,500 
Secured revolving line of credit10,690 8,067 
Less: unamortized deferred financing costs(2,729)(3,534)
Net bank debt obligations129,961 128,033 
Less: current portion of debt obligations, net of deferred financing costs (a)(19,450)(8,067)
Long-term portion of debt obligations, net of deferred financing costs$110,511 $119,966 

As of March 31, 2026, we have satisfied quarterly minimum principal payments on our secured term loan until December 31, 2026, and have made a partial payment toward the principal due as of that date.

(a) As of March 31, 2026, the current portion comprises term loan amortization of $10.4 million and the $10.7 million outstanding balance on the secured revolving line of credit, net of $1.6 million of unamortized deferred financing costs.
Schedule of Interest Expense
The following table summarizes interest expense presented on our consolidated statements of operations as follows (in thousands):
Three Months EndedSix Months Ended
March 31,March 31,
2026202520262025
Interest expense (a)
$2,720 $3,486 $5,712 $7,172 
Interest income (b)
(5)(33)(34)(42)
Amortization of deferred financing costs (c)
424 424 857 880 
Interest expense, net
$3,139 $3,877 $6,535 $8,010 

(a) Interest expense on borrowing.
(b) Interest earned from customer payments received after the due date.
(c) Amortization of expenses related to secured term loan and secured revolving line of credit.