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Balance Sheet Accounts
 6 Months Ended
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Balance Sheet Accounts BALANCE SHEET ACCOUNTS
Property, Plant and Equipment
The following table summarizes the Company’s major classes of property, plant and equipment:
March 31, 2025September 30, 2024
(in thousands)
Land$2,996 $2,996 
Buildings248,893 75,988 
Research equipment60,259 65,353 
Manufacturing equipment13,812 — 
Furniture5,594 5,594 
Computers and software1,033 981 
Leasehold improvements104,401 104,410 
Construction in progress16,245 188,731 
453,233 444,053 
Less: Accumulated depreciation and amortization(68,430)(58,021)
Property, plant and equipment, net$384,803 $386,032 
Depreciation and amortization expense for property, plant and equipment for the three months ended March 31, 2025 and 2024 was $5.6 million and $4.1 million, respectively. Depreciation and amortization expense for property, plant and equipment for the six months ended March 31, 2025 and 2024 was $10.4 million and $7.9 million, respectively.
During the first quarter of fiscal 2025, the Company completed the build out of its manufacturing facility in Verona, Wisconsin. This resulted in the reclassification of $172.9 million from construction in progress to buildings and $13.8 million to manufacturing equipment as of March 31, 2025. Additionally, the Company began depreciating the newly completed manufacturing facility over a 39-year period and the manufacturing equipment over 7- or 10-year periods.
During the first quarter of fiscal 2024, the Company completed the build out of its laboratory and office facilities in Verona, Wisconsin, which resulted in the reclassification of $76.0 million from construction in progress to buildings as of March 31, 2025.
Accrued Expenses
Accrued expenses consisted of the following as of:
March 31, 2025September 30, 2024
(in thousands)
Accrued R&D expenses
$42,963 $28,069 
Accrued R&D expenses; co-development
28,755 23,351 
Accrued capital expenditures
358 4,206 
Other
6,374 7,391 
Total accrued expenses
$78,450 $63,017