Segments

3 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segments

12. Segments

We operate as a single operating and reportable segment. Operating segments are defined as components of an enterprise about which separate financial information is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. Our CODM is our Chief Executive Officer. The CODM evaluates financial performance and allocates resources based on consolidated results, including consolidated net income. The total assets of the segment are reported on the Consolidated Balance Sheets.

The following table presents revenue, significant expenses, and consolidated net income for our reportable segment:

(in thousands)	Three months ended
	December 31, 2025		December 31, 2024
Revenue	$	685,825	$	565,128
Costs and expenses:
Cost of revenue, adjusted(1)		103,852		97,584
Operating expenses, adjusted(2)		272,340		276,214
Other segment items(3)		143,115		109,098
Consolidated net income	$	166,518	$	82,232

(1)Cost of revenue, adjusted excludes stock-based compensation and amortization of acquired intangible assets.

(2)Operating expenses, adjusted excludes stock-based compensation, amortization of acquired intangible assets, and acquisition and transaction-related charges.

(3)Other segment items include stock-based compensation; amortization of acquired intangible assets; acquisition and transaction-related charges; Other expense, net; and Provision for income taxes.