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Operating Leases (Tables)
6 Months Ended
Mar. 31, 2025
Leases [Abstract]  
Schedule of Lease, Cost The following table presents operating lease expense and cash payments on lease liabilities for the periods presented:
Three Months Ended March 31,Six Months Ended March 31,
in thousands2025202420252024
Operating lease expense$1,146 $1,018 $2,309 $2,099 
Cash payments on lease liabilities$1,168 $1,021 $2,281 $1,994 
At March 31, 2025 and 2024, the weighted-average remaining lease term and discount rate were as follows:
As of March 31,
20252024
Weighted-average remaining lease term6.4 years6.8 years
Weighted-average discount rate6.34%6.07%
Schedule of Maturity Analysis of the Annual Undiscounted Cash Flows
The following is a maturity analysis of the annual undiscounted cash flows reconciled to the carrying value of the operating lease liabilities as of March 31, 2025:
Fiscal Years Ending September 30,
in thousands
2025(a)
$2,321 
20264,209 
20273,309 
20283,080 
20293,006 
Thereafter7,418 
    Total lease payments(b)
23,343 
    Less: imputed interest4,618 
    Total operating lease liabilities$18,725 
(a) Remaining lease payments are for the period beginning April 1, 2025 through September 30, 2025.
(b) Lease payments exclude $2.8 million of legally binding minimum lease payments for office leases signed but not yet commenced. The related right-of-use asset and operating lease liability are not reflected on the Company's condensed consolidated balance sheet as of March 31, 2025.