Fair Value Measurements (Tables)

3 Months Ended

Dec. 31, 2025

Schedule of Fair Value Measurements for Assets and Liabilities Measured at Fair Value on Recurring Basis

The following tables present information about the Company’s assets and liabilities measured at fair value on a recurring basis, and indicates the fair value hierarchy of the valuation techniques utilized by the Company:


	December 31, 2025
	Level 1		Level 2		Level 3		Total
	(in thousands)

Available-for-sale securities
Certificate of deposits	$	—	$	6,004	$	—	$	6,004
U.S. government and agency securities	—		126,131		—		126,131
Municipal securities	—		5,999		—		5,999
Commercial notes	—		68,965		—		68,965
Corporate debt securities	—		507,157		—		507,157
Total available-for-sale securities	—		714,256		—		714,256
Short‑term investments
Term deposits	—		711		—		711
Total Short‑term investments	—		711		—		711
Cash equivalents
Money market instruments	52,444		—		—		52,444
Term deposit	—		115,928		—		115,928
Total cash equivalents	52,444		115,928		—		168,372
Total financial assets	$	52,444	$	830,895	$	—	$	883,339


	September 30, 2025
	Level 1		Level 2		Level 3		Total
	(in thousands)

Available-for-sale securities
U.S. government and agency securities	$	—	$	150,695	$	—	$	150,695
Certificate of deposits	—		12,019		—		12,019
Municipal securities	—		7,046		—		7,046
Commercial notes	—		13,801		—		13,801
Corporate debt securities	—		509,257		—		509,257
Total available-for-sale securities	—		692,818		—		692,818
Cash equivalents
Money market instruments	64,460		—		—		64,460
Term deposit	—		134,357		—		134,357
Certificate of deposits	—		3,001		—		3,001
Corporate debt securities	—		16,182		—		16,182
Total cash equivalents	64,460		153,540		—		218,000
Total financial assets	$	64,460	$	846,358	$	—	$	910,818