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FAIR VALUE MEASUREMENT - Schedule of Contingent Consideration Measured at Fair Value (Details) - Contingent Consideration - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 7,976	$ 5,920
Expenses recorded due to changes in fair value	136	2,056
Cash payment of contingent consideration associated with the ID R&D Acquisition	(4,641)
Issuance of common stock as contingent consideration associated with the ID R&D Acquisition	(3,471)
Ending balance	$ 0	$ 7,976

REVENUE RECOGNITION (Tables)

12 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

The following table presents the Company's revenue disaggregated by major product category (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
Major product category
Deposits software and hardware	$	74,108	$	78,212	$	64,548
Deposits services and other	29,450		25,922		22,013
Deposits revenue	103,558		104,134		86,561
Identity verification software and hardware	7,764		10,162		8,380
Identity verification services and other	60,761		58,256		49,863
Identity verification revenue	68,525		68,418		58,243
Total revenue	$	172,083	$	172,552	$	144,804

Schedule of Contract Balances

The following table provides information about accounts receivable, contract assets and contract liabilities from contracts with customers as of (amounts in thousands):


	September 30, 2024		September 30, 2023		September 30, 2022
Accounts receivable, net	$	31,682	$	32,132	$	35,922
Contract assets, current	15,818		18,355		7,037
Contract assets, non-current	3,620		5,579		4,218
Contract liabilities (deferred revenue), current	21,231		17,360		21,350
Contract liabilities (deferred revenue), non-current	753		957		1,775

Schedule of Remaining Performance Obligation

Remaining performance obligation consisted of the following as of September 30, 2024 (amounts in thousands):


	2024
Current	$	54,223
Non-current	26,831
Total	$	81,054

INCOME TAXES - Significant Components of Net Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Deferred tax assets:
Stock-based compensation	$ 2,866	$ 2,357
Net operating loss carryforwards	12,437	11,548
Research credit carryforwards	5,398	4,336
Lease liability	1,235	1,185
Intangibles	8,408	4,606
Other, net	682	852
Total deferred assets	31,026	24,884
Deferred tax liabilities:
Right of use asset	(1,141)	(1,032)
Intangibles	(13,414)	(15,914)
Total deferred liabilities	(14,555)	(16,946)
Valuation allowance for net deferred tax assets	(1,215)	(2,769)
Net deferred tax asset	$ 15,256	$ 5,169

GOODWILL AND INTANGIBLE ASSETS - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 123,548	$ 115,632
Foreign currency effect on goodwill	8,026	7,916
Goodwill, ending balance	$ 131,574	$ 123,548

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

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+ Details

STOCKHOLDERS’ EQUITY - RSU Activity (Details) - RSUs - $ / shares	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Number of Shares
Beginning balance (in shares)	2,188,296	2,441,677	2,411,267
Granted (in shares)	1,439,138	1,101,925	1,272,917
Settled (in shares)	(731,212)	(665,635)	(898,178)
Canceled (in shares)	(442,592)	(689,671)	(344,329)
Ending balance (in shares)	2,453,630	2,188,296	2,441,677
Weighted- Average Fair Value Per Share
Beginning balance (in dollars per share)	$ 11.49	$ 12.29	$ 9.99
Granted (in dollars per share)	11.13	10.24	14.43
Settled (in dollars per share)	11.13	11.33	9.57
Canceled (in dollars per share)	12.09	12.49	11.16
Ending balance (in dollars per share)	$ 11.25	$ 11.49	$ 12.29

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Estimated Fair Values of Assets acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed from the HooYu as of the acquisition date (amounts in thousands):


	HooYu
Accounts receivable	$	1,234
Property, plant, and equipment	504
Other current assets	630
Intangible assets	73,100
Goodwill	74,206

Current liabilities	(2,264)
Deferred revenue	(2,612)
Deferred income tax liabilities	(16,896)
Net assets acquired	$	127,902

Schedule of Estimated Useful Lives of Assets Acquired

The following table summarizes the estimated fair values and estimated useful lives of intangible assets with definite lives acquired from the HooYu Acquisition as of the acquisition date (amounts in thousands, except for years):


	Amortization Period	Amount assigned
Completed technologies	7.0 years	$	61,400
Customer relationships	5.0 years	5,000
Trade name	5.0 years	6,100
Covenants not to compete	3.0 years	$	600
Total intangible assets acquired		$	73,100

Schedule of Pro Forma Information

The following table summarizes the results of HooYu that are included in the Company’s consolidated results (amounts shown in thousands):


	For the twelve months ended September 30,
	2022
Revenue	$	5,738
Net Income (loss)	$	(1,587)

LEASES - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Operating lease cost	$ 1,784	$ 2,025	$ 1,881
Variable lease cost	633	319	385
Total lease cost	$ 2,417	$ 2,344	$ 2,266

BUSINESS COMBINATIONS - Estimated Fair Values of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Goodwill	$ 131,574	$ 123,548	$ 115,632
HooYu
Business Acquisition [Line Items]
Accounts receivable	1,234
Property, plant, and equipment	504
Other current assets	630
Intangible assets	73,100
Goodwill	74,206
Current liabilities	(2,264)
Deferred revenue	(2,612)
Deferred income tax liabilities	(16,896)
Net assets acquired	$ 127,902

GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The following table summarizes changes in the balance of goodwill (amounts in thousands):


Balance at September 30, 2022	$	115,632
Foreign currency effect on goodwill	7,916
Balance at September 30, 2023	123,548
Foreign currency effect on goodwill	8,026
Balance at September 30, 2024	$	131,574

Schedule of Intangible Assets

The estimated useful lives for all of these intangible assets range from three to seven years and they are amortized on a straight-line basis. Intangible assets as of September 30, 2024 and 2023 are summarized as follows (amounts in thousands, except for years):


September 30, 2024:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	7.0	$	88,435	$	40,104	$	48,331
Customer relationships	5.0	5,000		2,483		2,517
Trade names	5.0	6,470		3,278		3,192
Covenants not to compete	3.0	$	600	$	503	97
Total intangible assets		$	100,505	$	46,368	$	54,137


September 30, 2023:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	6.9	$	95,761	$	39,254	$	56,507
Customer relationships	4.7	25,168		21,396		3,772
Trade names	5.0	7,088		2,967		4,121
Covenants not to compete	3.0	600		326		274
Total intangible assets		$	128,617	$	63,943	$	64,674

Schedule of Estimated Future Amortization Expense

The estimated future amortization expense related to intangible assets for each of the five succeeding fiscal years is expected to be as follows (amounts in thousands):


	Estimated Future Amortization Expense
2025	$	14,467
2026	13,199
2027	11,982
2028	10,209
2029	4,280

Total	$	54,137

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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-Topic 350
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+ Details

LEASES

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

LEASES

12. LEASES

The Company leases office and research and development facility leases under non-cancelable operating leases for various terms through 2031. Certain lease agreements include rent abatement periods, and rental increases throughout the term. Operating lease costs are included within cost of revenue, selling and marketing, research and development, and general and administrative expenses, dependent upon the nature and use of the ROU asset, in the Company’s consolidated statements of operations and comprehensive income (loss).

The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive income (loss) for the periods presented (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
Operating lease cost	$	1,784	$	2,025	$	1,881
Variable lease cost	633		319		385
Total lease cost(1)	$	2,417	$	2,344	$	2,266

1)Short-term lease costs incurred by the Company for the twelve months ended September 30, 2024, 2023 and 2022 were immaterial.

Supplemental cash flow information related to leases was as follows (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2023
Right of use assets acquired under new operating leases	$	1,947	$	—	$	—
Cash paid for amounts included in the measurement of lease liabilities	1,960		2,368		2,135

Other information related to leases as of the balance sheet dates presented are as follows:


	Twelve Months Ended September 30,
	2024		2023
Weighted-average remaining lease term (years) - operating leases	5.3		4.3
Weighted-average discount rate - operating leases	3.6	%	3.7	%

Maturities of operating lease liabilities as of September 30, 2024 were as follows (amounts in thousands):


	Operating Leases
2025	$	1,008
2026	1,191
2027	1,141
2028	840
2029	664
Thereafter	843
Total lease payments	5,687
Less: amount representing interest	(652)
Present value of future lease payments	$	5,035

REVENUE RECOGNITION - Disaggregation of Revenues (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 172,083	$ 172,552	$ 144,804
Deposits revenue
Disaggregation of Revenue [Line Items]
Revenue	103,558	104,134	86,561
Deposits software and hardware \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Revenue	74,108	78,212	64,548
Deposits services and other \| Transferred Over Time
Disaggregation of Revenue [Line Items]
Revenue	29,450	25,922	22,013
Identity verification revenue
Disaggregation of Revenue [Line Items]
Revenue	68,525	68,418	58,243
Identity verification software and hardware \| Transferred at Point in Time
Disaggregation of Revenue [Line Items]
Revenue	7,764	10,162	8,380
Identity verification services and other \| Transferred Over Time
Disaggregation of Revenue [Line Items]
Revenue	$ 60,761	$ 58,256	$ 49,863

LEASES - Schedule of Maturities of Operating Lease Liabiliities (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
2025	$ 1,008
2026	1,191
2027	1,141
2028	840
2029	664
Thereafter	843
Total lease payments	5,687
Less: amount representing interest	(652)
Present value of future lease payments	$ 5,035

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	3 Months Ended	12 Months Ended
	Sep. 30, 2024 USD ($) institution $ / shares	Sep. 30, 2024 USD ($) institution segment reportingUnit $ / shares	Sep. 30, 2023 USD ($) $ / shares	Sep. 30, 2022 USD ($)	Dec. 31, 2017
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Number of financial services organizations, leading marketplace and financial technology brands (more than) \| institution	7,900	7,900
Cumulative earnings deficit	$ 2,800,000	$ 2,800,000	$ 15,100,000
Foreign currency translation adjustment		11,634,000	13,093,000	$ (27,559,000)
Foreign currency transaction adjustment		1,000,000	(700,000)	(800,000)
Unbilled receivables	400,000	400,000	900,000
Restructuring costs		1,762,000	2,114,000	1,800,000
Write-offs of allowance for doubtful accounts		200,000	100,000	0
Allowance for doubtful accounts receivable	2,100,000	2,100,000	1,500,000	900,000
Additions to the allowance for credit loss		700,000	700,000	500,000
Depreciation and amortization of property and equipment		1,755,000	1,727,000	1,401,000
Repairs and maintenance expenses		100,000	100,000	100,000
Impairment or long-lived assets		0	0	0
Capitalized software development costs	0	0	0	0
Amortization expense for capitalized software development costs		0	0	0
Capitalized software development costs for internal use	700,000	700,000	700,000	800,000
Amortization expense for capitalized software development costs for internal use		$ 900,000	700,000	400,000
Number of reporting units \| reportingUnit		1
Goodwill impairment	$ 0	$ 0
Impairment to intangible assets		$ 0	$ 0	0
Number of operating segments \| segment		1
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001	$ 0.001
Trading-day average stock price period		20 days
Advertising costs		$ 1,400,000	$ 1,200,000	1,100,000
Revenue		172,083,000	172,552,000	144,804,000
Operating expenses		(169,852,000)	(156,988,000)	(132,604,000)
Operating income		2,231,000	15,564,000	$ 12,200,000
Total Adjustments
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Revenue		1,400,000
Operating expenses		500,000
Operating income		$ 1,900,000
Spanish Government Agencies \| ICAR Vision Systems, S.L.
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Interest rate on loan agreements	0.00%	0.00%			0.00%
Total amounts outstanding under loan agreements	$ 2,700,000	$ 2,700,000	1,200,000
Spanish Government Agencies \| Other Current Liabilities \| ICAR Vision Systems, S.L.
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Current loans payable	300,000	300,000	200,000
Spanish Government Agencies \| Other Noncurrent Liabilities \| ICAR Vision Systems, S.L.
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Noncurrent loans payable	$ 2,400,000	$ 2,400,000	$ 1,100,000
Minimum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful lives	3 years	3 years
Minimum \| Spanish Government Agencies \| ICAR Vision Systems, S.L.
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Repayment period of loan agreements		5 years			5 years
Maximum
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Property and equipment, estimated useful lives	7 years	7 years
Maximum \| Spanish Government Agencies \| ICAR Vision Systems, S.L.
Nature Of Operations And Summary Of Significant Accounting Policies [Line Items]
Repayment period of loan agreements		12 years			12 years

REVENUE RECOGNITION

12 Months Ended

Sep. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE RECOGNITION

2. REVENUE RECOGNITION

Nature of Goods and Services

The following is a description of principal activities from which the Company generates its revenue. Contracts with customers are evaluated on a contract-by-contract basis as contracts may include multiple types of goods and services as described below.

Software and Hardware

Software and hardware revenue is generated from on premise software license sales, as well as sales of hardware scanner boxes and on premise appliance products. Software is typically sold as a time-based license with a term of one to three years. For software license agreements that are distinct, the Company recognizes software license revenue upon delivery and after evidence of a contract exists. Hardware revenue is recognized at a point in time upon shipment and after evidence of a contract exists. Our standard payment terms are generally no more than 60 days. Invoices for software are typically issued when the license is made available for customer use. Invoices for hardware products are typically issued upon delivery to the customer.

Services and Other

Services and other revenue is generated from the sale of SaaS products and services, maintenance associated with the sale of on premise software licenses and consulting and professional services. The Company’s SaaS offerings give customers the option to be charged upon their incurred usage in arrears (“Pay as You Go”), or commit to a minimum spend over their contracted period, with the ability to purchase additional transactions above the minimum during the contract term. Revenue related to Pay as You Go contracts are recognized based on the customer’s actual usage, in the period of usage. For contracts which include a minimum commitment, the Company is stand-ready to provide the services throughout the contract term, and revenue is primarily recognized on a ratable basis over the contract period including an estimate of usage above the minimum commitment. Usage above minimum commitment is estimated by looking at historical usage, expected volume, and other factors to project usage for the remainder of the contract term. The estimated usage-based revenues are constrained to the amount the Company expects to be entitled to receive in exchange for providing access to its platform. Maintenance and support services generally call for the Company to provide software updates and technical support to customers and is recognized ratably over the term of the contract as this is the period the services are delivered. If professional services are deemed to be distinct, revenue is recognized as services are performed. The Company does not view the signing of the contract or the provision of initial setup services as discrete earnings events that are distinct. Our standard payment terms are generally no more than 60 days. SaaS and maintenance services are typically invoiced annually in advance, and consulting and professional services are typically invoiced at the time of sale.

Significant Judgments in Application of the Guidance

The Company uses the following methods, inputs, and assumptions in determining amounts of revenue to recognize:

Identification of Performance Obligations

For contracts that contain multiple performance obligations, which include combinations of software licenses, maintenance, and services, the Company accounts for individual goods or services as a separate performance obligation if they are distinct. The good or service is distinct if the good or service is separately identifiable from other items in the arrangement and if a customer can benefit from it on its own or with other resources that are readily available to the customer. If these criteria are not met, the promised goods or services are accounted for as a combined performance obligation.

Determination of Transaction Price

The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring products or services to the customer. The Company includes any fixed charges within its contracts as part of the total transaction price. To the extent that variable consideration is not constrained, the Company includes an estimate of the variable amount, as appropriate, within the total transaction price and updates its assumptions over the duration of the contract.

Assessment of Estimates of Variable Consideration

Certain of the Company’s contracts with customers contain some component of variable consideration; however, variable consideration will only be included in the transaction price to the extent it is probable that a significant reversal of revenues recognized will not occur when the uncertainty associated with the variable consideration is resolved. The Company may constrain the estimated transaction price in the event of a high degree of uncertainty as to the final consideration amount owed because of an extended length of time over which the fees may be adjusted or due to uncertainty surrounding collectability. The Company estimates variable consideration in its contracts primarily using the expected value method as the Company believes this method represents the most appropriate estimate for this consideration, based on historical usage trends, the individual contract considerations, and its best judgment at the time.

Allocation of Transaction Price

The transaction price, including any discounts, is allocated between separate goods and services in a contract that contains multiple performance obligations based on their relative standalone selling prices. The standalone selling prices are based on the prices

at which the Company separately sells each good or service. For items that are not sold separately, the Company estimates the standalone selling prices using available information such as market conditions and internally approved pricing guidelines. In certain situations, primarily transactional SaaS revenue described above, the Company allocates variable consideration to a series of distinct goods or services within a contract. The Company allocates variable payments to one or more, but not all, of the distinct goods or services or to a series of distinct goods or services in a contract when (i) the variable payment relates specifically to the Company’s efforts to transfer the distinct good or service and (ii) the variable payment is for an amount that depicts the amount of consideration to which the Company expects to be entitled in exchange for transferring the promised goods or services to its customer.

Disaggregation of Revenue

The following table presents the Company's revenue disaggregated by major product category (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
Major product category
Deposits software and hardware	$	74,108	$	78,212	$	64,548
Deposits services and other	29,450		25,922		22,013
Deposits revenue	103,558		104,134		86,561
Identity verification software and hardware	7,764		10,162		8,380
Identity verification services and other	60,761		58,256		49,863
Identity verification revenue	68,525		68,418		58,243
Total revenue	$	172,083	$	172,552	$	144,804

Contract Balances

The following table provides information about accounts receivable, contract assets and contract liabilities from contracts with customers as of (amounts in thousands):


	September 30, 2024		September 30, 2023		September 30, 2022
Accounts receivable, net	$	31,682	$	32,132	$	35,922
Contract assets, current	15,818		18,355		7,037
Contract assets, non-current	3,620		5,579		4,218
Contract liabilities (deferred revenue), current	21,231		17,360		21,350
Contract liabilities (deferred revenue), non-current	753		957		1,775

Contract assets primarily result from when the right to consideration is conditional upon factors other than the passage of time. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue), for which transfer of control occurs, and therefore revenue is recognized as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $16.9 million, $19.3 million and $10.9 million of revenue during the twelve months ended September 30, 2024, 2023 and 2022 respectively, which was included in the contract liability balance at the beginning of each such period. Unbilled receivables are included within accounts receivable, net on the consolidated balance sheets and were $0.4 million and $0.9 million as of September 30, 2024 and 2023, respectively.

Transaction Price Allocated to the Remaining Performance Obligation

Remaining performance obligation represents contracted revenue that has not yet been recognized and includes unearned revenue and unbilled amounts that will be recognized as revenue in future periods. Transaction price allocated to the remaining performance obligation is based on stand-alone selling price. Remaining performance obligation is influenced by several factors, including seasonality, the timing of renewals, the timing of software license deliveries, average contract terms and foreign currency exchange rates. Remaining performance obligation is also impacted by acquisitions. Unbilled portions of the remaining performance obligation denominated in foreign currencies are revalued each period based on the period end exchange rates. Remaining performance obligation is subject to future economic risks, including bankruptcies, regulatory changes and other market factors. The majority of the non-current remaining performance obligation is expected to be recognized in the next 13-36 months.

Remaining performance obligation consisted of the following as of September 30, 2024 (amounts in thousands):


	2024
Current	$	54,223
Non-current	26,831
Total	$	81,054

Contract Costs

Contract costs included in other current and non-current assets on the consolidated balance sheets totaled $2.7 million and $2.6 million at September 30, 2024 and 2023, respectively. Contract origination costs consist primarily of: (1) sales commissions and incentive payments made to the Company’s direct and indirect sales personnel, and (2) the associated payroll taxes and fringe benefit costs associated with the payments to the Company’s employees. Contract origination costs are amortized based on the transfer of goods or services to which the asset relates, including consideration of the expected customer benefit period. Contract fulfillment costs related to goods or services transferred under a specific anticipated contract have historically been immaterial. The Company applies the practical expedient and expenses commissions when incurred if the amortization period is one year or less. These costs are included in selling and marketing expenses in the consolidated statement of operations and comprehensive income (loss) and totaled $1.7 million, $1.5 million and $1.3 million during the twelve months ended September 30, 2024, 2023 and 2022, respectively. There were no impairment losses recognized during the twelve months ended September 30, 2024, 2023 or 2022 related to capitalized contract costs.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-9

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
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-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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-Section 50
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 606
-SubTopic 10
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-Subparagraph (b)(2)
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-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/606/tableOfContent

+ Details

DEBT - Maturities of Principal Amounts of Our Other Borrowings (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
2025	$ 279
2026	266
2027	385
2028	525
2029	356
Thereafter	886
Carrying amount	$ 2,697

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

INCOME TAXES (Tables)

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit (Provision)

Income (loss) before income taxes for the twelve months ended September 30, 2024, 2023, and 2022 is comprised of the following (amounts in thousands):


	2024		2023		2022
Domestic	$	10,246	$	23,836	$	11,483
Foreign	(11,155)		(13,495)		(7,881)
Total	$	(909)	$	10,341	$	3,602

For the twelve months ended September 30, 2024, 2023, and 2022 the income tax benefit (provision) was as follows (amounts in thousands):


	2024		2023		2022
Current:
Federal	$	(6,323)	$	(4,414)	$	(233)
State	(420)		(1,215)		(325)
Foreign	495		(1,023)		(1,800)
Total current benefit (provision) for income taxes	(6,248)		(6,652)		(2,358)
Deferred:
Federal	4,291		(659)		(1,400)
State	397		819		513
Foreign	5,747		4,178		3,337
Total deferred benefit (provision) for income taxes	10,435		4,338		2,450
Total tax benefit (provision)	$	4,187	$	(2,314)	$	92

Schedule of Significant Components of Net Deferred Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets and liabilities as of September 30, 2024 and 2023 are as follows (amounts in thousands):


	2024		2023
Deferred tax assets:
Stock-based compensation	$	2,866	$	2,357
Net operating loss carryforwards	12,437		11,548
Research credit carryforwards	5,398		4,336
Lease liability	1,235		1,185
Intangibles	8,408		4,606
Other, net	682		852
Total deferred assets	31,026		24,884
Deferred tax liabilities:

Right of use asset	(1,141)		(1,032)
Intangibles	(13,414)		(15,914)

Total deferred liabilities	(14,555)		(16,946)
Valuation allowance for net deferred tax assets	(1,215)		(2,769)
Net deferred tax asset	$	15,256	$	5,169

Schedule of Income Taxes Computed Using Federal Income Tax Rate

The difference between the income tax benefit (provision) and income taxes computed using the U.S. federal income tax rate was as follows for the twelve months ended September 30, 2024, 2023, and 2022 (amounts shown in thousands):


	2024		2023		2022
Amount computed using statutory rate	$	191	$	(2,172)	$	(756)
Net change in valuation allowance for net deferred tax assets	1,696		292		(1,702)
Foreign rate differential	439		504		268
Permanent differences	190		(14)		(64)
Transaction costs	—		—		(411)
State income tax	(19)		(100)		251


Research and development credits	1,754		791		1,166


Contingent consideration	(28)		(432)		285
Uncertain tax positions	(93)		(184)		(318)
Stock compensation, net	(242)		(522)		(232)
Other	299		(477)		1,605
Income tax (provision) benefit	$	4,187	$	(2,314)	$	92

Schedule of Reconciliation of Unrecognized Tax Benefits

The following table reconciles the beginning and ending amount of unrecognized tax benefits for the twelve months ended September 30, 2024, 2023, and 2022 (amounts shown in thousands):


	2024		2023		2022
Gross unrecognized tax benefits at the beginning of the year	$	2,985	$	2,664	$	2,114
Additions from tax positions taken in the current year	253		330		484
Additions from tax positions taken in prior years	—		—		66
Reductions from tax positions taken in prior years	(355)		(9)		—

Gross unrecognized tax benefits at end of the year	$	2,883	$	2,985	$	2,664

RESTRUCTURING

12 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING

4. RESTRUCTURING

Restructuring costs consist of employee severance obligations and other related costs and are recorded on the consolidated statements of operations and comprehensive income. Restructuring costs in the twelve months ended September 30, 2024 related to expenses incurred to relocate employees and a restructuring that occurred in the third quarter of fiscal 2024. Restructuring costs in the twelve months ended September 30, 2023 related to a restructuring plan that was initially implemented in June and November 2022. The following table summarizes changes in the restructuring accrual during the twelve months ended September 30, 2024 and 2023 (amounts in thousands):


Balance at September 30, 2022	$	901
Additional costs incurred	2,109
Payments	(3,070)
Foreign currency effect on the restructuring accrual	60
Balance at September 30, 2023	—
Costs incurred	1,762
Payments	(1,762)
Balance at September 30, 2024	$	—

DEBT (Tables)

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Carrying Values of Company's 2026 Notes

The carrying values of the 0.75% convertible notes due 2026 issued by the Company in an initial aggregate principal amount of $155.3 million (the “2026 Notes”) are as follows as of September 30, 2024 and 2023 (amounts in thousands):


	2024		2023
2026 Notes:
Principal amount	$	155,250	$	155,250
Less: unamortized discount and issuance costs, net of amortization	(11,649)		(19,734)
Carrying amount	$	143,601	$	135,516

Schedule of Interest Costs Recognized Related to 2026 Notes

The following table presents the total amount of interest cost recognized relating to the 2026 Notes (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
Contractual interest expense	$	1,174	$	1,615	$	1,179
Amortization of debt discount and issuance costs	8,085		7,546		7,053
Total interest expense recognized	$	9,259	$	9,161	$	8,232

Schedule of Maturities of Principal Amounts of Our Other Borrowings

Maturities of principal amounts of our other borrowings as of September 30, 2024 were as follows (amounts in thousands):


	Principal Amounts
2025	$	279
2026	266
2027	385
2028	525
2029	356
Thereafter	886
Total	$	2,697

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
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+ Details

FAIR VALUE MEASUREMENT - Schedule of Fair Value Hierarchy of The Company’s Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
ASSETS
Short-term investments:	$ 36,884	$ 74,700
Long-term investments:	11,410	1,304
Total assets at fair value	48,294	76,004
Liabilities:
Acquisition-related contingent consideration	0	7,976
Total liabilities at fair value		7,976
U.S. Treasury
ASSETS
Short-term investments:	3,836	40,254
Long-term investments:		1,304
Commercial paper
ASSETS
Short-term investments:	15,984
Corporate Debt Securities
ASSETS
Short-term investments:	17,064	34,446
Long-term investments:	11,410
Quoted Prices in Active Markets (Level 1)
ASSETS
Short-term investments:	0	40,254
Long-term investments:	0	1,304
Total assets at fair value	0	41,558
Liabilities:
Acquisition-related contingent consideration		0
Total liabilities at fair value		0
Quoted Prices in Active Markets (Level 1) \| U.S. Treasury
ASSETS
Short-term investments:	0	40,254
Long-term investments:		1,304
Quoted Prices in Active Markets (Level 1) \| Commercial paper
ASSETS
Short-term investments:	0
Quoted Prices in Active Markets (Level 1) \| Corporate Debt Securities
ASSETS
Short-term investments:	0	0
Long-term investments:	0
Significant Other Observable Inputs (Level 2)
ASSETS
Short-term investments:	36,884	34,446
Long-term investments:	11,410	0
Total assets at fair value	48,294	34,446
Liabilities:
Acquisition-related contingent consideration		7,976
Total liabilities at fair value		7,976
Significant Other Observable Inputs (Level 2) \| U.S. Treasury
ASSETS
Short-term investments:	3,836	0
Long-term investments:		0
Significant Other Observable Inputs (Level 2) \| Commercial paper
ASSETS
Short-term investments:	15,984
Significant Other Observable Inputs (Level 2) \| Corporate Debt Securities
ASSETS
Short-term investments:	17,064	34,446
Long-term investments:	11,410
Significant Unobservable Inputs (Level 3)
ASSETS
Short-term investments:	0	0
Long-term investments:	0	0
Total assets at fair value	0	0
Liabilities:
Acquisition-related contingent consideration		0
Total liabilities at fair value		0
Significant Unobservable Inputs (Level 3) \| U.S. Treasury
ASSETS
Short-term investments:	0	0
Long-term investments:		0
Significant Unobservable Inputs (Level 3) \| Commercial paper
ASSETS
Short-term investments:	0
Significant Unobservable Inputs (Level 3) \| Corporate Debt Securities
ASSETS
Short-term investments:	0	$ 0
Long-term investments:	$ 0

REVENUE CONCENTRATION (Tables)

12 Months Ended

Sep. 30, 2024

Risks and Uncertainties [Abstract]

Schedule of Revenue from External Customers by Geographic Areas

Revenues by geography are determined based on the country of the Company’s contracting entity, which may be different than the country of the customer. Countries for which revenue accounted for more than 10% of the Company’s total revenue for the twelve months ended September 30, 2024, 2023, and 2022 were as follows (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
United States	$	135,344	$	134,957	$	113,499
United Kingdom	17,607		*		*
All other countries	19,132		37,595		31,305
Total revenue	$	172,083	$	172,552	$	144,804

*Revenues from the United Kingdom were not greater than 10% of the Company’s total revenue for this period and are included in the all other countries total.

REVENUE CONCENTRATION - Schedule of Revenue from External Customers by Geographic Areas (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Disaggregation of Revenue [Line Items]
Revenue	$ 172,083	$ 172,552	$ 144,804
United States
Disaggregation of Revenue [Line Items]
Revenue	135,344	134,957	113,499
United Kingdom
Disaggregation of Revenue [Line Items]
Revenue	17,607
All other countries
Disaggregation of Revenue [Line Items]
Revenue	$ 19,132	$ 37,595	$ 31,305

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
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-Section 50
-Paragraph 41
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-Publisher FASB
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+ Details

INVESTMENTS - Summary of the Fair Market Value and Net Carrying Value of the Available-For-Sale Securities by Contractual Maturity (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Cost
Due within 1 year	$ 36,813
Due in 1 to 5 years	11,328
Total	48,141
Fair Market Value
Due within 1 year	36,884
Due in 1 to 5 years	11,410
Total	$ 48,294

BUSINESS COMBINATIONS

12 Months Ended

Sep. 30, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

BUSINESS COMBINATIONS

3. BUSINESS COMBINATIONS

Acquisition of HooYu Ltd.

On March 23, 2022, the Company completed the acquisition (“HooYu Acquisition”) of HooYu Ltd (“HooYu”) pursuant to the Purchase Agreement (the “Purchase Agreement”) dated March 23, 2022, by and among the Company and certain persons identified in the Purchase Agreement (the “Sellers”). Pursuant to the Purchase Agreement, the Company, among other things, acquired 100% of the outstanding share capital of HooYu, a leading global customer onboarding platform designed to increase the integrity of KYC and maximize the success of customer onboarding. As consideration for the HooYu Acquisition, the Company paid aggregate consideration in the amount of $129.1 million (the “Closing Consideration”), as such amount may be adjusted for transaction expenses and indebtedness. Pursuant to the Purchase Agreement, $1.6 million was withheld as a reduction to the Closing Consideration and was retained by the Company for the final working capital adjustments and indemnification of certain tax matters under the Purchase Agreement.

The Company incurred $3.2 million of expense in connection with the acquisition primarily related to legal fees, outside service costs, foreign currency and realized losses on investments, and travel expense, which are included in amortization and acquisition-related costs in the consolidated statements of operations and other comprehensive income (loss).

On March 23, 2022, using cash on hand, the Company transferred an aggregate of $127.5 million to the Sellers and its third-party legal and investment advisors, net of cash acquired of $0.5 million. In July 2022 the Company paid an additional $0.4 million to the Sellers in settling final working capital.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed from the HooYu as of the acquisition date (amounts in thousands):


	HooYu
Accounts receivable	$	1,234
Property, plant, and equipment	504
Other current assets	630
Intangible assets	73,100
Goodwill	74,206

Current liabilities	(2,264)
Deferred revenue	(2,612)
Deferred income tax liabilities	(16,896)
Net assets acquired	$	127,902

The goodwill recognized is due to expected market participant synergies and other factors and is not expected to be deductible for income tax purposes. The Company estimated the fair value of identifiable acquisition-related intangible assets with definite lives primarily based on discounted cash flow projections that were estimated to arise from these assets. The Company exercised significant

judgment with regard to assumptions used in the determination of fair value such as with respect to revenue growth rates, discount rates and the determination of the estimated useful lives of the intangible assets. The following table summarizes the estimated fair values and estimated useful lives of intangible assets with definite lives acquired from the HooYu Acquisition as of the acquisition date (amounts in thousands, except for years):


	Amortization Period	Amount assigned
Completed technologies	7.0 years	$	61,400
Customer relationships	5.0 years	5,000
Trade name	5.0 years	6,100
Covenants not to compete	3.0 years	$	600
Total intangible assets acquired		$	73,100

The following table summarizes the results of HooYu that are included in the Company’s consolidated results (amounts shown in thousands):


	For the twelve months ended September 30,
	2022
Revenue	$	5,738
Net Income (loss)	$	(1,587)

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Pay vs Performance Disclosure
Net income	$ 3,278	$ 8,027	$ 3,694

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

BUSINESS COMBINATIONS - Pro Forma Financial Information (Details) - HooYu Ltd $ in Thousands	12 Months Ended
	Sep. 30, 2022 USD ($)
Business Acquisition [Line Items]
Revenue	$ 5,738
Net Income (loss)	$ (1,587)

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Sep. 30, 2024	Sep. 30, 2023
Statement of Financial Position [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	120,000,000	120,000,000
Common stock, shares issued (in shares)	44,998,939	45,591,199
Common stock, shares outstanding (in shares)	44,998,939	45,591,199

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Nature of Operations

Mitek Systems, Inc. (“Mitek,” the “Company,” “we,” “us,” and “our”) is a provider of mobile image capture and digital identity verification solutions. We are a software development company with expertise in artificial intelligence and machine learning. We currently serve more than 7,900 financial services organizations and leading marketplace and financial technology (“fintech”) brands around the globe. Mitek markets and sells its products and services worldwide through internal, direct sales teams located in the U.S., Europe, and Latin America as well as through channel partners. Our partner sales strategy includes channel partners who are financial services technology, and identity verification providers. These partners integrate our products into their solutions to meet the needs of their customers, typically provisioning Mitek services through their respective platforms.

Summary of Significant Accounting Policies

Basis of Presentation

The financial statements are prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”).

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

Reclassifications and Revisions

A reclassification has been made to the prior periods’ consolidated financial statements in order to conform to the current period presentation. Accrued liabilities were included in the other current liabilities line in the consolidated balance sheet as of September 30, 2023, however, they have been presented separately in the consolidated balance sheet as of September 30, 2024 so that the total of the other current liabilities line is less than five percent of total current liabilities.

Certain amounts within the prior period’s consolidated statement of cash flows have been reclassified and revised to conform to the current period presentation. Within “Changes in assets and liabilities, net of acquisitions,” “Income taxes payable,” which had previously been combined with “Other liabilities,” was reclassified as a separate line item. Within “Investing activities,” “Sales of investments” and “Maturities of investments” were previously combined as “Sales and maturities of investments” and were reclassified as separate line items. Non-cash expense associated with amortization of costs capitalized to obtain revenue contracts and bad debt expense were revised to be presented separately as adjustments to reconcile net income to net cash provided by operating activities. The reclassifications and revisions, which are considered to be immaterial to the previously issued consolidated financial statements for the corresponding prior periods in fiscal 2023 and 2022, had no impact on net cash provided by operating activities or investing activities and did not change other amounts reported within the consolidated balance sheets, statements of operations and comprehensive income (loss), or statements of stockholders’ equity.

Foreign Currency

The Company has foreign subsidiaries that operate and sell products and services in various countries and jurisdictions around the world. As a result, the Company is exposed to foreign currency exchange risks. For those subsidiaries whose functional currency is not the U.S. dollar, assets and liabilities are translated into U.S. dollars equivalents at the exchange rate in effect on the balance sheet date and revenues and expenses are translated into U.S. dollars using the average exchange rate over the period. The Company’s cumulative translation adjustment balance as of September 30, 2024 and 2023 were deficits of $2.8 million and $15.1 million, respectively. Resulting currency translation adjustments are recorded in accumulated other comprehensive loss in the consolidated balance sheet. The Company recorded net gains resulting from foreign exchange translation of $11.6 million and $13.1 million for the twelve months ended September 30, 2024 and 2023, respectively. The Company recorded net losses resulting from foreign exchange translation of $27.6 million for the twelve months ended September 30, 2022. The Company recorded net gains in the consolidated statements of operations and comprehensive income (loss) resulting from foreign exchange transactions of $1.0 million for the twelve months ended September 30, 2024. The Company recorded net losses in net income resulting from foreign exchange transactions of $0.7 million and $0.8 million for the twelve months ended September 30, 2023 and 2022, respectively.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, deferred taxes, and related disclosure of contingent assets and liabilities. On an ongoing basis, management reviews its estimates based upon currently available information. Actual results could differ materially from those estimates. These estimates include, but are not limited to, assessing the collectability of accounts receivable, estimation of the value of stock-based compensation awards, fair value of assets and liabilities acquired, useful lives of intangible assets, standalone selling price related to revenue recognition, contingent consideration, and income taxes.

Revenue Recognition

The Company generates revenue primarily from the delivery of licenses and related services to customers (for both on premise and software as a service (“SaaS”) products), as well as the delivery of hardware and professional services. Revenue is recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company determined revenue recognition through the following steps:

1)Identification of the contract, or contracts, with a customer

2)Identification of the performance obligations in the contract

3)Determination of the transaction price

4)Allocation of the transaction price to the performance obligations in the contract

5)Recognition of revenue when, or as, performance obligations are satisfied

Note 2 describes the nature of the Company’s primary types of revenue and the revenue recognition policies and payment terms as they pertain to the types of transactions the Company enters into with its customers.

Contract Balances: The timing of revenue recognition may differ from the timing of invoicing to customers, and these timing differences result in receivables (billed or unbilled), contract assets, or contract liabilities (deferred revenue) on the Company’s consolidated balance sheets. The Company records a contract asset when revenue is recognized prior to the right to invoice, or deferred revenue when revenue is recognized subsequent to invoicing. The Company records an unbilled receivable when revenue is recognized and it has an unconditional right to invoice and receive payment. The Company reports net contract asset or liability positions on a contract by contract basis at the end of each reporting period. Unbilled receivables are included within accounts receivable on the consolidated balance sheets and were $0.4 million and $0.9 million as of September 30, 2024 and 2023, respectively.

Contract Costs: The Company defers incremental and recoverable costs to obtain a contract, consisting primarily of sales commissions, which are payable only if a contract is obtained or renewed. Such costs are capitalized and amortized using a portfolio approach consistent with the pattern of transfer of the good or service to which the asset relates. We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. Contract costs are recorded in other current and non-current assets in the consolidated balance sheets.

Restructuring Costs

Restructuring costs consist of employee severance obligations and other related costs. Restructuring costs were $1.8 million, $2.1 million, and $1.8 million for the twelve months ended September 30, 2024, 2023, and 2022, respectively.

Net Income (Loss) Per Share

The Company calculates net income (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic net income (loss) per share is based on the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share also gives effect to all potentially dilutive securities outstanding during the period, such as restricted stock units (“RSUs”), performance-based restricted stock units (“performance RSUs”), stock options, Performance options (defined below), and Employee Stock Purchase Plan ("ESPP") shares, if dilutive. In a period with a net loss position, potentially dilutive securities are not included in the computation of diluted net loss per share because to do so would be antidilutive, and the number of shares used to calculate basic and diluted net loss per share is the same.

For the twelve months ended September 30, 2024, 2023 and 2022, the following potentially dilutive common shares were excluded from the calculation of net income (loss) per share, as they would have been antidilutive (amounts in thousands):


	2024	2023	2022
Stock options	335	437	506
RSUs	1,646	1,455	960
ESPP common stock equivalents	8	6	7
Performance options	680	755	623
Performance RSUs	303	268	281
Convertible senior notes	7,448	7,448	7,448
Warrants	7,448	7,448	7,448
Total potentially dilutive common shares outstanding	17,868	17,817	17,273

The calculation of basic and diluted net income (loss) per share for the twelve months ended September 30, 2024, 2023 and 2022, is as follows (amounts in thousands, except per share data):


	2024		2023		2022
Net income	$	3,278	$	8,027	$	3,694
Weighted-average shares outstanding—basic	46,560		45,533		44,595
Common stock equivalents	908		928		1,185
Weighted-average shares outstanding—diluted	47,468		46,461		45,780
Net income per share:
Basic	$	0.07	$	0.18	$	0.08
Diluted	$	0.07	$	0.17	$	0.08

Cash and Cash Equivalents

Cash and cash equivalents are defined as highly liquid financial instruments with original maturities of three months or less. The Company's cash and cash equivalents are composed of interest and non-interest-bearing deposits and money market funds. Cash and cash equivalents are maintained with various financial institutions.

Investments

Investments consist of corporate notes and bonds, U.S. Treasury securities, and asset-backed securities. The Company determines the appropriate designation of investments at the time of purchase and reevaluates such designation as of each balance sheet date. All of the Company’s investments are designated as available-for-sale debt securities. All investments whose maturity or sale is expected within one year are classified as “current” on the consolidated balance sheets. All other securities are classified as “long-term” on the consolidated balance sheets. All investments are recorded at their estimated fair value. Unrealized gains and losses for available-for-sale securities are included in accumulated other comprehensive income (loss), a component of stockholders’ equity.

The Company evaluates its investments to assess whether those with unrealized loss positions are other-than-temporarily impaired. Impairments are considered to be other-than-temporary if they are related to deterioration in credit risk or if it is likely that the Company will sell the securities before the recovery of its cost basis. If the Company intends to sell an impaired investment or it is more likely than not that the Company will be required to sell the investment prior to recovering its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. Realized gains and losses, amortization of premiums, accretion of discounts, interest, dividend income, and declines in value judged to be other-than-temporary are determined based on the specific identification method and are reported in other income (expense), net in the consolidated statements of operations and comprehensive income (loss).

Accounts Receivable and Allowance for Credit Losses

Trade accounts receivable are recorded at the net invoice value and are not interest bearing. The Company considers receivables past due based on the contractual payment terms. Allowances for credit losses are established based on various factors including credit profiles of the Company’s customers, contractual terms and conditions, historical payments, and current economic trends. The Company reviews its allowances by assessing individual accounts receivable over a specific aging and amount. Accounts receivable are written off on a case-by-case basis, net of any amounts that may be collected. The Company had $0.2 million and $0.1 million of write-offs to the allowance for credit losses for the twelve months ended September 30, 2024 and 2023, respectively. The Company had no write-offs for the twelve months ended September 30, 2022. The Company maintained an allowance for credit losses of $2.1 million, $1.5 million, and $0.9 million as of September 30, 2024, 2023, and 2022, respectively. Additions to the

allowance were $0.7 million, $0.7 million, and $0.5 million during the twelve months ended September 30, 2024, 2023, and 2022, respectively.

Concentration of Credit Risk

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, investments, and accounts receivable. The Company reduces credit risk by placing its cash and cash equivalents with major financial institutions with high credit ratings and invests its cash equivalents in highly rated market funds. At times, to the extent eligible, such amounts may exceed federally insured limits. The Company believes that minimal credit risk exists with respect to these investments due to the credit ratings of the financial institutions that hold its short- and long-term investments.

Property and Equipment

Property and equipment are carried at cost less accumulated depreciation and amortization. The following is a summary of property and equipment as of September 30, 2024 and 2023 (amounts in thousands):


	2024		2023
Property and equipment—at cost:
Leasehold improvements	$	1,195	$	2,612
Machinery and equipment	2,797		3,657
Capitalized software development costs	4,343		3,610
Furniture and fixtures	707		728
	9,042		10,607
Less: accumulated depreciation and amortization	(6,478)		(7,778)
Total property and equipment, net	$	2,564	$	2,829

Depreciation and amortization of property and equipment are calculated using the straight-line method over estimated useful lives ranging from three to seven years. Leasehold improvements are amortized over the shorter of the lease term or estimated useful life of the assets. Depreciation and amortization of property and equipment totaled $1.8 million, $1.7 million, and $1.4 million for the twelve months ended September 30, 2024, 2023, and 2022, respectively. Expenditures for repairs and maintenance are expensed when incurred. Total repairs and maintenance expenses were $0.1 million for each of the twelve months ended September 30, 2024, 2023, and 2022.

Leases

The Company determines if an arrangement is a lease at inception in accordance with ASC Topic 842, Leases (“ASC 842”). The lease term begins on the commencement date, which is the date the Company takes possession of the property, and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The lease term is used to determine lease classification as an operating or finance lease and is used to calculate straight-line expense for operating leases.

Right of use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make payments arising from the lease. As a practical expedient, lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases. ROU assets and lease liabilities are recognized at the commencement date based upon the present value of lease payments over the lease term. ROU assets also include prepaid lease payments and exclude lease incentives received. The Company estimates contingent lease incentives when it is probable that the Company is entitled to the incentive at lease commencement. Since the Company’s leases do not typically provide an implicit rate, the Company uses its incremental borrowing rate based upon the information available at commencement date of each lease. The determination of the incremental borrowing rate requires judgment. The Company determines the incremental borrowing rate using the Company’s current secured borrowing rate. The Company elected the short-term lease recognition exemption for all leases that qualify. Therefore, leases with an initial term of twelve months or less are not recorded on the consolidated balance sheet; instead, lease payments are recognized as lease expenses on a straight-line basis over the lease term. See Note 12 for additional details.

Operating lease assets and liabilities are recognized for leases with lease terms greater than 12 months based on the present value of the future lease payments over the lease term at the commencement date. Operating lease expense is recognized on a straight-line basis over the lease term.

Long-Lived Assets

The Company evaluates the carrying value of long-lived assets, including license agreements and other intangible assets, when events and circumstances indicate that these assets may be impaired or in order to determine whether any revision to the related useful lives should be made. This evaluation is based on management’s projections of the undiscounted future cash flows associated with each product or asset. If management’s evaluation indicates that the carrying values of these assets are impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets. The Company did not record any impairment of long-lived assets during the twelve months ended September 30, 2024, 2023, or 2022.

Capitalized Software Development Costs

Costs incurred for the development of software that will be sold, leased, or otherwise marketed are capitalized when technological feasibility has been established. Software development costs consist primarily of compensation of development personnel and related overhead incurred to develop new products and upgrade and enhance the Company’s current products, as well as fees paid to outside consultants. Capitalization of software development costs ceases and amortization of capitalized software development costs commences when the products are available for general release. Amortization expense of capitalized development costs would be included in research and development in the consolidated statements of other comprehensive income (loss). For the twelve months ended September 30, 2024, 2023, and 2022, no software development costs were capitalized because the time period and costs incurred between technological feasibility and general release for all software product releases were not material or were not realizable. The Company had no amortization expense from capitalized software costs during the twelve months ended September 30, 2024, 2023, or 2022.

Qualifying costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development, are capitalized. Costs incurred during the preliminary planning and evaluation stage of the project and during the post-implementation operational stage are expensed as incurred. Costs incurred during the application development stage of the project are capitalized. The Company defines the design, configuration, and coding process as the application development stage. Amortization expense of capitalized development costs are included in research and development in the consolidated statements of other comprehensive income (loss). The Company capitalized $0.7 million, $0.7 million, and $0.8 million of costs related to computer software developed for internal use during the twelve months ended September 30, 2024, 2023 and 2022, respectively. The Company recognized $0.9 million, $0.7 million and $0.4 million of amortization expense from internal use software during the twelve months ended September 30, 2024, 2023 and 2022, respectively.

Goodwill and Purchased Intangible Assets

The Company’s goodwill and intangible assets resulted from prior acquisitions. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually or as circumstances indicate that their value may no longer be recoverable. In accordance with ASC Topic 350, Intangibles—Goodwill and Other (“ASC Topic 350”), the Company reviews its goodwill for impairment at least annually in its fiscal fourth quarter and more frequently if events or changes in circumstances occur that indicate a potential reduction in the fair value of its reporting unit and/or its indefinite-lived intangible asset below their respective carrying values. Examples of such events or circumstances include: a significant adverse change in legal factors or in the business climate, a significant decline in the Company’s stock price, a significant decline in the Company’s projected revenue or cash flows, an adverse action or assessment by a regulator, unanticipated competition, a loss of key personnel, or the presence of other indicators that would indicate a reduction in the fair value of a reporting unit.

The Company’s goodwill is considered to be impaired if management determines that the carrying value of the reporting unit to which the goodwill has been assigned exceeds management’s estimate of its fair value. Based on the guidance provided by ASC Topic 350 and ASC Topic 280, Segment Reporting, management has determined that the Company operates in one segment and consists of one reporting unit. Management uses its market capitalization as of the test date of July 1 as an approximation of the fair value of the reporting unit. In the fourth quarter of fiscal 2024, management completed its annual goodwill impairment test and concluded that the Company’s goodwill was not impaired.

Intangible assets are amortized over their useful lives. Each period, the Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. The carrying amounts of these assets are periodically reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. Recoverability of these assets is measured by comparing the carrying amount of each asset group to the future undiscounted cash flows the asset is expected to generate. The carrying amount of such assets is reduced to fair value if the undiscounted cash flows used in the test for recoverability are less than the carrying amount of such assets. No impairment charge related to the impairment of intangible assets was recorded during the twelve months ended September 30, 2024, 2023, or 2022.

Segment Reporting

FASB ASC Topic 280, Segment Reporting, requires the use of a management approach in identifying segments of an enterprise. During the twelve months ended September 30, 2024, management determined that the Company has only one operating segment: the development, sale, and service of proprietary software solutions related to mobile imaging. The Company’s chief operating decision maker is comprised of its Chief Executive Officer and Chief Financial Officer, who review financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources.

Other Borrowings

The Company has certain loan agreements with Spanish government agencies which were assumed when the Company acquired ICAR Vision Systems, S.L. (“ICAR”) in 2017. These agreements have repayment periods of five to twelve years and bear no interest. As of September 30, 2024, $2.7 million was outstanding under these agreements and approximately $0.3 million and $2.4 million is recorded in other current liabilities and other non-current liabilities, respectively, in the consolidated balance sheets. As of September 30, 2023, $1.2 million was outstanding under these agreements and $0.2 million and $1.1 million is recorded in other current liabilities and other non-current liabilities, respectively, in the consolidated balance sheets.

Guarantees

In the ordinary course of business, the Company is not subject to potential obligations under guarantees that fall within the scope of FASB ASC Topic 460, Guarantees (“ASC 460”), except for standard indemnification and warranty provisions that are contained within many of the Company’s customer license and service agreements and certain supplier agreements, and give rise only to the disclosure requirements prescribed by ASC 460. Indemnification and warranty provisions contained within the Company’s customer license and service agreements and certain supplier agreements are generally consistent with those prevalent in the Company’s industry. The Company has not historically incurred significant obligations under customer indemnification or warranty provisions and does not expect to incur significant obligations in the future. Accordingly, the Company does not maintain accruals for potential customer indemnification or warranty-related obligations.

Income Taxes

The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Deferred tax assets and liabilities arise from temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years.

Management evaluates the available evidence about future taxable income and other possible sources of realization of deferred tax assets. The valuation allowance reduces deferred tax assets to an amount that represents management’s best estimate of the amount of such deferred tax assets that more likely than not will be realized. See Note 9 for additional details.

The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company recognizes interest and penalties related to income tax matters in income tax benefit (provision) in the consolidated statements of operations and comprehensive income (loss). See Note 9 for additional details.

Stock-Based Compensation

The Company issues RSUs, stock options, Performance options, and Performance RSUs as awards to its employees. Stock-based compensation expense is measured based on the closing stock price of its common stock, par value $0.001 (“Common Stock”) on the date of grant for RSUs. Additionally, eligible employees may participate in the Company’s ESPP. Employee stock awards are measured at fair value on the date of grant and expense is recognized using the straight-line single-option method in accordance with FASB ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). Forfeitures are recorded as they occur. The Company estimates the fair value of stock options and ESPP shares using the Black-Scholes option pricing model. The Black-Scholes option pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the expected life of the grant effective as of the date of the grant. The expected volatility is based on the historical volatility of the Company’s stock price. The Company issues shares upon settlement of employee awards from the available shares of the equity plan the award was granted from and does not repurchase shares in subsequent periods. These factors could change in the future, affecting the determination of stock-based compensation expense in future periods.

The Company estimates the fair value of Performance options, Performance RSUs, and similar awards using the Monte-Carlo simulation. The Monte-Carlo simulation requires subjective assumptions, including the Company’s valuation date stock price, the annual risk-free interest rate, expected volatility, the probability of reaching the stock performance targets, and a 20-trading-day average stock price.

Cost of Revenue

Cost of revenue includes personnel costs related to billable services and software support, direct costs associated with our hardware products and hosting costs. Depreciation and amortization that are excluded from cost of revenue are included in research and development and selling and marketing on the consolidated statement of operations and other comprehensive income (loss).

Advertising Expense

Advertising costs are expensed as incurred and totaled $1.4 million, $1.2 million and $1.1 million during the twelve months ended September 30, 2024, 2023, and 2022, respectively.

Research and Development

Research and development costs are expensed in the period incurred.

Comprehensive Income (Loss)

Comprehensive income (loss) consists of net income (loss), unrealized gains and losses on available-for-sale securities, and foreign currency translation adjustments.

Adjustments

During 2024, certain adjustments were recorded to current period financial statement amounts that relate to prior period activity. These adjustments resulted in an increase to revenue in 2024 of $1.4 million, a decrease to stock-based compensation expense within total operating expenses of $0.5 million, and a resulting increase to operating income of $1.9 million. The adjustments are not considered material to the current or prior period financial statements.

Recently Adopted Accounting Pronouncements

The Company did not adopt any new accounting pronouncements in the twelve months ended September 30, 2024.

Recently Issued Accounting Pronouncements

In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires additional operating segment disclosures in annual and interim consolidated financial statements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is evaluating the effect of adopting ASU 2023-07.

In December 2023, the FASB issued an Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures amending existing income tax disclosure guidance, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. The Company is currently evaluating the ASU to determine its impact on its income tax disclosures.

In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04) and also issued subsequent amendments to the initial guidance (collectively, Topic 848). Topic 848 provides optional guidance for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. The Company will adopt Topic 848 when the relevant contracts are modified upon transition to alternative reference rates. The Company does not expect the adoption of Topic 848 will have a material impact on the consolidated financial statements.

No other new accounting pronouncement issued or effective during the twelve months ended September 30, 2024 had, or are expected to have, a material impact on the Company’s consolidated financial statements.

Cover - USD ($)	12 Months Ended
Cover - USD ($)	Sep. 30, 2024	Nov. 29, 2024	Mar. 31, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Sep. 30, 2024
Current Fiscal Year End Date	--09-30
Document Transition Report	false
Entity File Number	001-35231
Entity Registrant Name	MITEK SYSTEMS, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	87-0418827
Entity Address, Address Line One	770 First Avenue, Suite 425
Entity Address, City or Town	San Diego,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92101
City Area Code	619
Local Phone Number	269-6800
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	MITK
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	true
Document Financial Statement Restatement Recovery Analysis [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 622,633,680
Entity Common Stock, Shares Outstanding		44,917,357
Documents Incorporated by Reference	None.
Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Entity Central Index Key	0000807863

DEBT - Carrying Value of 2026 Notes (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Feb. 28, 2021	Feb. 05, 2021
Debt Instrument [Line Items]
Carrying amount	$ 2,697,000
Convertible Debt \| 2026 Notes
Debt Instrument [Line Items]
Debt interest rate (as a percent)	0.75%			0.75%
Debt issued	$ 155,300,000		$ 155,300,000
Principal amount	155,250,000	$ 155,250,000
Less: unamortized discount and issuance costs, net of amortization	(11,649,000)	(19,734,000)
Carrying amount	$ 143,601,000	$ 135,516,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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- Definition

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+ References + Details

- Definition

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

+ References + Details

INCOME TAXES

12 Months Ended

Sep. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES

9. INCOME TAXES

Provision for Income Taxes

Income (loss) before income taxes for the twelve months ended September 30, 2024, 2023, and 2022 is comprised of the following (amounts in thousands):


	2024		2023		2022
Domestic	$	10,246	$	23,836	$	11,483
Foreign	(11,155)		(13,495)		(7,881)
Total	$	(909)	$	10,341	$	3,602

For the twelve months ended September 30, 2024, 2023, and 2022 the income tax benefit (provision) was as follows (amounts in thousands):


	2024		2023		2022
Current:
Federal	$	(6,323)	$	(4,414)	$	(233)
State	(420)		(1,215)		(325)
Foreign	495		(1,023)		(1,800)
Total current benefit (provision) for income taxes	(6,248)		(6,652)		(2,358)
Deferred:
Federal	4,291		(659)		(1,400)
State	397		819		513
Foreign	5,747		4,178		3,337
Total deferred benefit (provision) for income taxes	10,435		4,338		2,450
Total tax benefit (provision)	$	4,187	$	(2,314)	$	92

Deferred Income Tax Assets and Liabilities

Significant components of the Company’s net deferred tax assets and liabilities as of September 30, 2024 and 2023 are as follows (amounts in thousands):


	2024		2023
Deferred tax assets:
Stock-based compensation	$	2,866	$	2,357
Net operating loss carryforwards	12,437		11,548
Research credit carryforwards	5,398		4,336
Lease liability	1,235		1,185
Intangibles	8,408		4,606
Other, net	682		852
Total deferred assets	31,026		24,884
Deferred tax liabilities:

Right of use asset	(1,141)		(1,032)
Intangibles	(13,414)		(15,914)

Total deferred liabilities	(14,555)		(16,946)
Valuation allowance for net deferred tax assets	(1,215)		(2,769)
Net deferred tax asset	$	15,256	$	5,169

The net change in the total valuation allowance for the twelve months ended September 30, 2024 was a decrease of $1.6 million, due to the release of valuation allowances in certain of the Company's foreign jurisdictions. There was no material change in the total valuation allowance during the twelve months ended September 30, 2023.

Evaluating the need for and the amount of a valuation allowance for deferred tax assets often requires significant judgment and extensive analysis of all available evidence to determine whether it is more likely than not that these assets will be realizable. Mitek routinely assesses the positive and negative evidence for this realizability, including the evaluation of sustained profitability and three years of cumulative pretax income for each tax jurisdiction. Based on the overall analysis of the positive and negative evidence in each tax jurisdiction, during the twelve months ended September 30, 2024, Mitek released the valuation allowances related to certain foreign deferred tax assets. Valuation allowance releases for the year ended September 30, 2024 resulted in recognition of a portion of these deferred tax assets and a benefit to Mitek's provision for income taxes of $1.6 million.

As of September 30, 2024, the Company has no available net operating loss carryforwards for federal income tax purposes. The net operating losses for state purposes are $24.3 million, which will begin to expire in 2032. As of September 30, 2024, the Company has no available federal research and development credit carryforwards. As of September 30, 2024, the Company has available California research and development credit carryforwards, net of reserves, of $3.7 million, which do not expire. As of September 30, 2024, the Company has available foreign research and development credit carryforwards of $1.7 million, which will begin to expire in 2037.

Sections 382 and 383 of the Internal Revenue Code of 1986, as amended (the “IRC”) limit the utilization of tax attribute carryforwards that arise prior to certain cumulative changes in a corporation’s ownership. The Company has completed an IRC Section 382/383 analysis through March 31, 2017 and any identified ownership changes had no impact to the utilization of tax attribute carryforwards. Any future ownership changes may have an impact on the utilization of the tax attribute carryforwards.

Earnings from the Company's foreign subsidiaries are considered to be indefinitely reinvested. A distribution of these non-U.S. earnings in the form of dividends or otherwise would subject the Company to foreign withholding taxes and may subject the Company to U.S. federal and state taxes.

Income Tax Provision Reconciliation


	2024		2023		2022
Amount computed using statutory rate	$	191	$	(2,172)	$	(756)
Net change in valuation allowance for net deferred tax assets	1,696		292		(1,702)
Foreign rate differential	439		504		268
Permanent differences	190		(14)		(64)
Transaction costs	—		—		(411)
State income tax	(19)		(100)		251


Research and development credits	1,754		791		1,166


Contingent consideration	(28)		(432)		285
Uncertain tax positions	(93)		(184)		(318)
Stock compensation, net	(242)		(522)		(232)
Other	299		(477)		1,605
Income tax (provision) benefit	$	4,187	$	(2,314)	$	92

Uncertain Tax Positions

The following table reconciles the beginning and ending amount of unrecognized tax benefits for the twelve months ended September 30, 2024, 2023, and 2022 (amounts shown in thousands):


	2024		2023		2022
Gross unrecognized tax benefits at the beginning of the year	$	2,985	$	2,664	$	2,114
Additions from tax positions taken in the current year	253		330		484
Additions from tax positions taken in prior years	—		—		66
Reductions from tax positions taken in prior years	(355)		(9)		—

Gross unrecognized tax benefits at end of the year	$	2,883	$	2,985	$	2,664

Of the total unrecognized tax benefits at September 30, 2024, $2.5 million will impact the Company’s effective tax rate. The Company does not anticipate that there will be a substantial change in unrecognized tax benefits within the next twelve months.

The Company recognized interest and penalties related to unrecognized tax benefits in the income tax provision of $0.1 million in twelve months ended September 30, 2024, and none were recognized in each of the twelve months ended 2023 or 2022. Interest and penalties accrued as of September 30, 2024 were $0.1 million and none were accrued as of September 30, 2023.

The Company is subject to income taxation in the U.S. at the federal and state levels. All tax years are subject to examination by U.S., California, and other state tax authorities due to the utilization of carryforwards in recent years and due to the carryforward of unutilized net operating losses and tax credits. The Company is also subject to foreign income taxes in the countries in which it operates. To the Company’s knowledge, the Company is not currently under examination by any taxing authorities.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 231
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482663/740-10-55-231

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12C
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 12B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477891/740-270-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/740/tableOfContent

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-14

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-21

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482685/740-10-50-17

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482603/740-30-50-2

+ Details

INCOME TAXES - Reconciliation of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Unrecognized Tax Benefits [Roll Forward]
Gross unrecognized tax benefits at the beginning of the year	$ 2,985	$ 2,664	$ 2,114
Additions from tax positions taken in the current year	253	330	484
Additions from tax positions taken in prior years	0	0	66
Reductions from tax positions taken in prior years	(355)	(9)	0
Gross unrecognized tax benefits at end of the year	$ 2,883	$ 2,985	$ 2,664

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (PARENTHETICAL) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Unrealized gains (losses), tax	$ 93	$ 273	$ 87

DEBT - Interest Costs Recognized on 2026 Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Debt Instrument [Line Items]
Total interest expense recognized	$ 9,259	$ 9,063	$ 8,232
Convertible Debt \| 2026 Notes
Debt Instrument [Line Items]
Contractual interest expense	1,174	1,615	1,179
Amortization of debt discount and issuance costs	8,085	7,546	7,053
Total interest expense recognized	$ 9,259	$ 9,161	$ 8,232

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

INCOME TAXES - Narrative (Details) - USD ($)	12 Months Ended
INCOME TAXES - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Taxes [Line Items]
Net increase (decrease) in total valuation allowance	$ 1,600,000
Income tax provision	(4,187,000)	$ 2,314,000	$ (92,000)
Income tax benefit from release of valuation allowance	1,696,000	292,000	(1,702,000)
Unrecognized tax benefits that will impact the company's effective tax rate	2,500,000
Unrecognized tax benefits, income tax penalties and interest expense	100,000	0	$ 0
Accrued interest or penalties related to uncertain tax positions	100,000	$ 0
Federal
Income Taxes [Line Items]
Net operating loss carryforwards	0
Federal \| Research and Development Tax Credit
Income Taxes [Line Items]
Tax credit carryforwards	0
State
Income Taxes [Line Items]
Net operating losses subject to expiration	24,300,000
State \| Research and Development Tax Credit \| California
Income Taxes [Line Items]
Tax credit carryforwards	3,700,000
Foreign Tax Jurisdiction
Income Taxes [Line Items]
Income tax benefit from release of valuation allowance	1,600,000
Foreign Tax Jurisdiction \| Research and Development Tax Credit
Income Taxes [Line Items]
Tax credit carryforwards	$ 1,700,000

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Sep. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	14. SUBSEQUENT EVENTS On October 1, 2024, the Company announced that Edward H. West was appointed as the Company’s Chief Executive Officer. As a material inducement to Mr. West’s employment he was awarded grants outside of the 2020 Plan with a grant date fair value of $8.0 million. The composition of these awards is weighted towards performance vesting with $6.4 million of the at-target value in the form of performance-vesting restricted stock units (“Performance-Based RSUs”) and the remaining $1.6 million in the form of service-based restricted stock units (“Time-Based RSUs”). The performance-based vesting criteria aims to directly tie a significant portion of Mr. West’s compensation package to building stockholder value. The awards consist of (i) 562,283 Performance-Based RSUs that vest, if at all, upon the achievement of target-level stock price performance goals of the Company compared to the Russell 2000 (with an additional 185,553 Performance-Based RSUs eligible to vest upon the achievement of above-target level performance), (ii) 173,010 Performance-Based RSUs that vest, if at all, upon the achievement of target-level stock price performance goals of the Company as set forth in the grant agreement (with an additional 57,093 Performance-Based RSUs eligible to vest upon the achievement of above-target level performance) and (iii) 187,427 Time-Based RSUs that vest in four equal annual installments from the start date. In each case, vesting of the Performance-Based RSUs and Time-Based RSUs is subject to Mr. West’s continuous employment through the applicable vesting date or earlier vesting due to a change of control and certain termination events.

RESTRUCTURING (Tables)

12 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Changes in Restructuring Accrual

The following table summarizes changes in the restructuring accrual during the twelve months ended September 30, 2024 and 2023 (amounts in thousands):


Balance at September 30, 2022	$	901
Additional costs incurred	2,109
Payments	(3,070)
Foreign currency effect on the restructuring accrual	60
Balance at September 30, 2023	—
Costs incurred	1,762
Payments	(1,762)
Balance at September 30, 2024	$	—

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Accumulated Deficit
Beginning balance (in shares) at Sep. 30, 2021		44,169,000
Beginning balance at Sep. 30, 2021	$ 192,830	$ 44	$ 199,935	$ (140)	$ (943)	$ (6,066)
Treasury Stock, Beginning Balance (in shares) at Sep. 30, 2021				(8,000)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	35,625	35,000
Exercise of stock options	$ 238		238
Settlement of restricted stock units (in shares)		1,075,000
Settlement of restricted stock units	0	$ 1	(1)
Issuance of common stock under employee stock purchase plan (in shares)		129,000
Issuance of common stock under employee stock purchase plan	1,487		1,487
Acquisition-related shares issued (in shares)		203,000
Acquisition-related shares issued	1,836		1,836
Stock-based compensation expense	13,346		13,346
Repurchase and retirements of common stock (in shares)		(931,000)		8,000
Repurchases and retirements of common stock	(15,176)	$ (1)	(348)	$ 140		(14,967)
Components of comprehensive income (loss)
Net income (loss)	3,694					3,694
Currency translation adjustment	(27,559)				(27,559)
Change in unrealized gain (loss) on investments	283				283
Ending balance (in shares) at Sep. 30, 2022		44,680,000
Ending balance at Sep. 30, 2022	$ 170,979	$ 44	216,493	$ 0	(28,219)	(17,339)
Treasury Stock, Ending Balance (in shares) at Sep. 30, 2022				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	98,952	100,000
Exercise of stock options	$ 727		727
Settlement of restricted stock units (in shares)		689,000
Settlement of restricted stock units	0	$ 2	(2)
Issuance of common stock under employee stock purchase plan (in shares)		122,000
Issuance of common stock under employee stock purchase plan	1,010		1,010
Stock-based compensation expense	10,463		10,463
Components of comprehensive income (loss)
Net income (loss)	8,027					8,027
Currency translation adjustment	13,093				13,093
Change in unrealized gain (loss) on investments	$ 889				889
Ending balance (in shares) at Sep. 30, 2023	45,591,199	45,591,000
Ending balance at Sep. 30, 2023	$ 205,188	$ 46	228,691	$ 0	(14,237)	(9,312)
Treasury Stock, Ending Balance (in shares) at Sep. 30, 2023				0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of stock options (in shares)	189,559	274,000
Exercise of stock options	$ 1,889		1,889
Settlement of restricted stock units (in shares)		975,000
Settlement of restricted stock units	0	$ 1	(1)
Issuance of common stock under employee stock purchase plan (in shares)		89,000
Issuance of common stock under employee stock purchase plan	652		652
Acquisition-related shares issued (in shares)		311,000
Acquisition-related shares issued	3,471		3,471
Stock-based compensation expense	12,624		12,624
Repurchase and retirements of common stock (in shares)		(2,241,000)
Repurchases and retirements of common stock	(24,236)	$ (2)				(24,234)
Components of comprehensive income (loss)
Net income (loss)	3,278					3,278
Currency translation adjustment	11,634				11,634
Change in unrealized gain (loss) on investments	$ 301				301
Ending balance (in shares) at Sep. 30, 2024	44,998,939	44,999,000
Ending balance at Sep. 30, 2024	$ 214,801	$ 45	$ 247,326	$ 0	$ (2,302)	$ (30,268)
Treasury Stock, Ending Balance (in shares) at Sep. 30, 2024				0

SUBSEQUENT EVENTS (Details) - Subsequent Event - Chief Executive Officer $ in Millions	Oct. 01, 2024 USD ($) shares
Subsequent Event [Line Items]
Share-based compensation arrangement by grant date fair value \| $	$ 8.0
Performance RSUs
Subsequent Event [Line Items]
Share-based compensation arrangement by grant date fair value \| $	$ 6.4
Performance RSUs \| Tranche One
Subsequent Event [Line Items]
Share-based compensation arrangement by other than options, grants	562,283
Performance RSUs \| Tranche Two
Subsequent Event [Line Items]
Share-based compensation arrangement by other than options, grants	173,010
Time-Based RSUs
Subsequent Event [Line Items]
Share-based compensation arrangement by grant date fair value \| $	$ 1.6
Time-Based RSUs \| Tranche Three
Subsequent Event [Line Items]
Share-based compensation arrangement by other than options, grants	187,427
Russell 2000 PSUs \| Tranche One
Subsequent Event [Line Items]
Share-based compensation arrangement by other than options, grants	185,553
Stock Price PSUs \| Tranche Two
Subsequent Event [Line Items]
Share-based compensation arrangement by other than options, grants	57,093

REVENUE CONCENTRATION

12 Months Ended

Sep. 30, 2024

Risks and Uncertainties [Abstract]

REVENUE CONCENTRATION

13. REVENUE CONCENTRATION

Revenue Concentration

For the twelve months ended September 30, 2024, the Company derived revenue of $29.6 million from one customer, with such customer accounting for 17% of the Company’s total revenue. For the twelve months ended September 30, 2023, the Company derived revenue of $27.7 million from the same single customer, with such customer accounting for 16% of the Company's total revenue. For the twelve months ended September 30, 2022, the Company derived revenue of $25.0 million from the same single customer, with such customer accounting for 17% of the Company’s total revenue. The corresponding accounts receivable balances of customers from which revenues were in excess of 10% of total revenue were $5.5 million, $2.7 million, and $8.0 million at September 30, 2024, 2023, and 2022, respectively.


	Twelve Months Ended September 30,
	2024		2023		2022
United States	$	135,344	$	134,957	$	113,499
United Kingdom	17,607		*		*
All other countries	19,132		37,595		31,305
Total revenue	$	172,083	$	172,552	$	144,804

*Revenues from the United Kingdom were not greater than 10% of the Company’s total revenue for this period and are included in the all other countries total.

From a geographic perspective, approximately 78% and 76% of the Company’s long-term assets (excluding long-term investments and deferred income tax assets) as of September 30, 2024 and 2023, respectively, are associated with the Company’s international subsidiaries. Approximately 19% and 23% of the Company’s total long-term assets excluding goodwill and other intangible assets as of September 30, 2024 and 2023, respectively, are associated with the Company’s international subsidiaries.

GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Sep. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

7. GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company had a goodwill balance of $131.6 million and $123.5 million at September 30, 2024 and 2023, respectively, representing the excess of costs over the fair value of assets of businesses acquired. The following table summarizes changes in the balance of goodwill (amounts in thousands):


Balance at September 30, 2022	$	115,632
Foreign currency effect on goodwill	7,916
Balance at September 30, 2023	123,548
Foreign currency effect on goodwill	8,026
Balance at September 30, 2024	$	131,574

There was no impairment loss recognized related to goodwill in the twelve months ended September 30, 2024, 2023 or 2022.

Intangible Assets

Intangible assets include the value assigned to purchased completed technology, customer relationships, trade names, and covenants not to compete. The estimated useful lives for all of these intangible assets range from three to seven years and they are amortized on a straight-line basis. Intangible assets as of September 30, 2024 and 2023 are summarized as follows (amounts in thousands, except for years):


September 30, 2024:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	7.0	$	88,435	$	40,104	$	48,331
Customer relationships	5.0	5,000		2,483		2,517
Trade names	5.0	6,470		3,278		3,192
Covenants not to compete	3.0	$	600	$	503	97
Total intangible assets		$	100,505	$	46,368	$	54,137


September 30, 2023:	Weighted Average Amortization Period (in years)	Cost		Accumulated Amortization		Net
Completed technologies	6.9	$	95,761	$	39,254	$	56,507
Customer relationships	4.7	25,168		21,396		3,772
Trade names	5.0	7,088		2,967		4,121
Covenants not to compete	3.0	600		326		274
Total intangible assets		$	128,617	$	63,943	$	64,674

Amortization expense related to acquired intangible assets was $15.2 million, $17.0 million, and $13.5 million for the twelve months ended September 30, 2024, 2023, and 2022, respectively, and is recorded within amortization and acquisition-related costs on the consolidated statements of operations and comprehensive income (loss). There were no impairment losses recognized related to intangible assets in the twelve months ended September 30, 2024, 2023, and 2022.

The estimated future amortization expense related to intangible assets for each of the five succeeding fiscal years is expected to be as follows (amounts in thousands):


	Estimated Future Amortization Expense
2025	$	14,467
2026	13,199
2027	11,982
2028	10,209
2029	4,280

Total	$	54,137

INVESTMENTS (Tables)

12 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

Schedule of Investments by Type of Security

The following tables summarize investments by type of security as of September 30, 2024 and 2023, respectively (amounts in thousands):


September 30, 2024:	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Available-for-sale securities:
U.S. Treasury, short-term	$	3,841	$	1	$	(6)	$	3,836

Commercial paper, short-term	15,964		20		—		15,984
Corporate debt securities, short-term	17,008		56		—		17,064


Corporate debt securities, long-term	11,328		84		(2)		11,410
Total	$	48,141	$	161	$	(8)	$	48,294


September 30, 2023:	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Available-for-sale securities:
U.S. Treasury, short-term	$	40,329	$	1	$	(76)	$	40,254


Corporate debt securities, short-term	34,545		—		(99)		34,446
U.S. Treasury, long-term	1,371		—		(67)		1,304


Total	$	76,245	$	1	$	(242)	$	76,004

Schedule of the Fair Market Value and Net Carrying Value of the Available-For-Sale Securities by Contractual Maturity

The following table summarizes the fair market value and net carrying value of the available-for-sale securities by contractual maturity (amounts in thousands):


	Available-for-sale securities
	Cost		Fair Market Value
Due within 1 year	$	36,813	$	36,884
Due in 1 to 5 years	11,328		11,410

Total	$	48,141	$	48,294

BUSINESS COMBINATIONS - Intangible Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Customer relationships
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization Period	5 years	4 years 8 months 12 days
Covenants not to compete
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization Period	3 years	3 years
HooYu Ltd
Acquired Indefinite-lived Intangible Assets [Line Items]
Amount assigned	$ 73,100
HooYu Ltd \| Completed technologies
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization Period	7 years
Amount assigned	$ 61,400
HooYu Ltd \| Customer relationships
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization Period	5 years
Amount assigned	$ 5,000
HooYu Ltd \| Trade name
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization Period	5 years
Amount assigned	$ 6,100
HooYu Ltd \| Covenants not to compete
Acquired Indefinite-lived Intangible Assets [Line Items]
Amortization Period	3 years
Amount assigned	$ 600

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands

Sep. 30, 2024

Sep. 30, 2023

Current assets:

Cash and cash equivalents

$ 93,456

$ 58,913

Short-term investments

36,884

74,700

Accounts receivable, net

31,682

32,132

Contract assets, current portion

15,818

18,355

Prepaid expenses

4,514

3,513

Other current assets

2,697

2,396

Total current assets

185,051

190,009

Long-term investments

11,410

1,304

Property and equipment, net

2,564

2,829

Right-of-use assets

4,662

4,140

Intangible assets, net

54,137

64,674

Goodwill

131,574

123,548

Deferred income tax assets

19,145

11,645

Contract assets, non-current portion

3,620

5,579

Other non-current assets

1,590

1,647

Total assets

413,753

405,375

Current liabilities:

Accounts payable

7,236

7,589

Accrued payroll and related taxes

10,324

10,554

Accrued liabilities

^[1]

424

Accrued interest payable

205

305

Income tax payables

162

4,329

Deferred revenue, current portion

21,231

17,360

Lease liabilities, current portion

805

1,902

7,976

Other current liabilities

^[1]

1,760

1,456

Total current liabilities

42,147

51,497

Convertible senior notes

143,601

135,516

Deferred revenue, non-current portion

753

957

Lease liabilities, non-current portion

4,230

2,867

Deferred income tax liabilities

3,889

6,476

Other non-current liabilities

4,332

2,874

Total liabilities

198,952

200,187

Commitments and contingencies (Note 10)

Stockholders’ equity:

Preferred stock, $0.001 par value, 1,000,000 shares authorized, none issued and outstanding, as of September 30, 2024 and 2023

Common stock, $0.001 par value, 120,000,000 shares authorized, 44,998,939 and 45,591,199 issued and outstanding, as of September 30, 2024 and 2023, respectively

Additional paid-in capital

247,326

228,691

Accumulated other comprehensive loss

(2,302)

(14,237)

Accumulated deficit

(30,268)

(9,312)

Total stockholders’ equity

214,801

205,188

Total liabilities and stockholders’ equity

$ 413,753

$ 405,375

[1]	September 30, 2023 consolidated balance sheet reflects reclassifications to conform to the current year presentation.

COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands							12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) $ in Thousands	Sep. 02, 2022 EUR (€)	Jun. 07, 2022 EUR (€)	Jun. 02, 2022 USD ($)	Dec. 13, 2021 USD ($)	Dec. 18, 2020 patent	Jul. 31, 2019 patent	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Jun. 19, 2020 USD ($)
Employee 401(k) Plan
Company contribution, percent of designated deferral of eligible compensation							50.00%
Company contribution, percent of employee compensation eligible for company match							6.00%
Employer contribution related to 401(k) plan							$ 600	$ 500	$ 700
Maplebear, Inc (dba Instacart) \| Subscription To Mobile Verify Advance Service
Claims
Other commitment, annual amount committed										$ 1,200
Pending Litigation \| UrbanFT, Inc.
Claims
Number of patents allegedly infringed \| patent					2	5
Number of patents invalid \| patent					2
Number of patents not infringed \| patent					2
Global Equity & Corporate Consulting, S.L. \| ICAR Vision Systems, S.L. \| Pending Litigation
Claims
Damages awarded		€ 800,000					$ 800
Global Equity & Corporate Consulting, S.L.- Breach of Services Agreement \| ICAR Vision Systems, S.L. \| Pending Litigation
Claims
Settlement interest (as a percent)	30.00%
Litigation settlement interest \| €	€ 1,100,000
Claims against the escrow funds \| €	900,000
Escrow deposit \| €	200,000
Accrued interest \| €	16,475
Litigation expense \| €	€ 10,995
UrbanFT, Inc. \| Settled Litigation
Claims
Amount awarded to the Company			$ 2,300
UrbanFT, Inc. \| Settled Litigation \| Compensatory Damages
Claims
Amount awarded to the Company			1,700
UrbanFT, Inc. \| Settled Litigation \| Costs of Judgement Awarded
Claims
Amount awarded to the Company			2,600
UrbanFT, Inc. \| Settled Litigation \| Attorneys' Fees
Claims
Amount awarded to the Company			$ 600
Maplebear, Inc (dba Instacart) \| Pending Litigation
Claims
Amount claimed during court proceedings				$ 2,000

INCOME TAXES - Income Taxes Computed Using Federal Income Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Amount computed using statutory rate	$ 191	$ (2,172)	$ (756)
Net change in valuation allowance for net deferred tax assets	1,696	292	(1,702)
Foreign rate differential	439	504	268
Permanent differences	190	(14)	(64)
Transaction costs	0	0	(411)
State income tax	(19)	(100)	251
Research and development credits	1,754	791	1,166
Contingent consideration	(28)	(432)	285
Uncertain tax positions	(93)	(184)	(318)
Stock compensation, net	(242)	(522)	(232)
Other	299	(477)	1,605
Total tax benefit (provision)	$ 4,187	$ (2,314)	$ 92

Audit Information	12 Months Ended
Audit Information	Sep. 30, 2024
Audit Information [Abstract]
Auditor Name	BDO USA, P.C.
Auditor Location	Chicago, Illinois
Auditor Firm ID	243

LEASES - Schedule of Leases Statement of Financial Position (Details)	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Weighted-average remaining lease term (years) - operating leases	5 years 3 months 18 days	4 years 3 months 18 days
Weighted-average discount rate - operating leases	3.60%	3.70%

DEBT

12 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

DEBT

10. DEBT

Convertible Senior Notes


	2024		2023
2026 Notes:
Principal amount	$	155,250	$	155,250
Less: unamortized discount and issuance costs, net of amortization	(11,649)		(19,734)
Carrying amount	$	143,601	$	135,516

In February 2021, the Company issued $155.3 million aggregate principal amount of the 2026 Notes (including the Additional

Notes, as defined below). The 2026 Notes are senior unsecured obligations of the Company. The 2026 Notes were issued pursuant to an Indenture, dated February 5, 2021 (the “Indenture”), between the Company and UMB Bank, National Association, as trustee. The Indenture includes customary covenants and sets forth certain events of default after which the 2026 Notes may be declared immediately due and payable and sets forth certain types of bankruptcy or insolvency events of default involving the Company after which the 2026 Notes become automatically due and payable. The Company granted the initial purchasers of the 2026 Notes (collectively, the “Initial Purchasers”) a 13-day option to purchase up to an additional $20.3 million aggregate principal amount of the 2026 Notes (the “Additional Notes”), which was exercised in full. The 2026 Notes were purchased in a transaction that was completed on February 5, 2021. As of January 13, 2024 (“Date of Noncompliance”), the Company was not in compliance with certain of the covenants in the Indenture as a result of the Company not timely filing its Form 10-K for the fiscal year ended September 30, 2023 (“Form 10-K”) with the SEC. As a result of not being in compliance, the 2026 Notes began to accrue additional special interest of 0.25% of the outstanding principal of the 2026 Notes for the 90 days after the Date of Noncompliance and 0.50% of the outstanding principal of the 2026 Notes for the 91st through 180th day after the Date of Noncompliance. The Company subsequently did not timely file its Form 10-Q for the quarter ended December 31, 2023 (the “Q1 Form 10-Q”) with the SEC. The Company then filed its Form 10-K with the SEC on March 19, 2024 and its Q1 Form 10-Q with the SEC on April 15, 2024. As of September 30, 2024, the Company was in compliance with the covenants in the Indenture.

The 2026 Notes will mature on February 1, 2026, unless earlier redeemed, repurchased or converted. The 2026 Notes bear interest from February 5, 2021 at a rate of 0.75% per year, payable semiannually in arrears on February 1 and August 1 of each year, beginning on August 1, 2021. The 2026 Notes will be convertible at the option of the holders at any time prior to the close of business on the business day immediately preceding August 1, 2025, only under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ended on June 30, 2021, if the last reported sale price per share of Common Stock exceeds 130% of the conversion price for each of at least 20 trading days during the 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter; (2) during five consecutive business days immediately after any five consecutive trading day period (such five consecutive trading day period, the “measurement period”) in which the trading price per $1,000 principal amount of notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price per share of the Common Stock on such trading day and the conversion rate on such trading day; (3) upon the occurrence of certain corporate events or distributions on the Common Stock. On or after August 1, 2025, until the close of business on the second scheduled trading day immediately preceding the maturity date, holders may convert all or any portion of their 2026 Notes, in multiples of $1,000 principal amount, at the option of the holder regardless of the foregoing circumstances. Upon conversion, the Company may satisfy its conversion obligation by paying and/or delivering, as the case may be, cash and, if applicable at the Company’s election, shares of the Common Stock, based on the applicable conversion rate(s); provided that the Company will be required to settle conversions solely in cash unless and until the Company (i) receives stockholder approval to increase the number of authorized shares of the Common Stock and (ii) reserves such amount of shares of the Common Stock for future issuance as required pursuant to the Indenture that governs the 2026 Notes. The conversion rate for the 2026 Notes will initially be 47.9731 shares of the Common Stock per $1,000 principal amount of 2026 Notes, which is equivalent to an initial conversion price of approximately $20.85 per share of the Common Stock. The initial conversion price of the 2026 Notes represents a premium of approximately 37.5% to the $15.16 per share last reported sale price of the Common Stock on February 2, 2021. The conversion rate is subject to adjustment under certain circumstances in accordance with the terms of the Indenture.

The net proceeds from this offering were approximately $149.7 million, after deducting the Initial Purchasers’ discounts and commissions and the Company’s estimated offering expenses related to the offering. The Company used approximately $9.3 million of the net proceeds from the offering to pay the cost of the Notes Hedge (as defined below), after such cost is partially offset by the proceeds from the Warrant Transactions described below. The Initial Purchasers exercised their option to purchase Additional Notes in full and the Company used a portion of the net proceeds from the sale of such Additional Notes to enter into additional Notes Hedges, after such cost is partially offset by the proceeds from the additional Warrant Transactions, with the Option Counterparties (as defined below).

As of September 30, 2024, the number of authorized and unissued shares of Common Stock that are not reserved for other purposes is sufficient to settle the 2026 Notes into equity. Accordingly, the Company has the option to settle conversions of notes through payment or delivery, as the case may be, of cash, shares of Common Stock or a combination of cash and shares of Common Stock, at the Company’s election.

In accounting for the issuance of the 2026 Notes, the conversion option of the 2026 Notes was deemed an embedded derivative requiring bifurcation from the 2026 Notes (“host contract”) and separate accounting as an embedded derivative liability, as a result of

the Company not having the necessary number of authorized but unissued shares of its Common Stock available to settle the conversion option of the 2026 Notes in shares. The proceeds from the 2026 Notes were first allocated to the embedded derivative liability and the remaining proceeds were then allocated to the host contract. On February 5, 2021, the fair value of the embedded derivative liability representing the conversion option was $33.2 million and the remaining $116.5 million was allocated to the host contract. The difference between the principal amount of the 2026 Notes and the fair value of the host contract (the “debt discount”) is amortized to interest expense using the effective interest method over the term of the 2026 Notes.

In the second quarter of fiscal 2022, the stockholders of the Company approved an increase to the number of authorized shares of Common Stock, to an amount sufficient to settle the conversion of the 2026 Notes. As a result of the increase to the number of authorized shares of Common Stock, the Company reclassified the embedded conversion derivative to additional paid-in capital.

As of September 30, 2024, the embedded conversion derivative is included in additional paid-in capital in the consolidated balance sheets and will not be remeasured provided the requirements to qualify for the scope exception in ASC 815-10-15-74(a) continue to be met.

Debt issuance costs for the issuance of the 2026 Notes were approximately $5.5 million, consisting of initial purchasers' discount and other issuance costs. In accounting for the transaction costs, the Company allocated the total amount incurred to the 2026 Notes. Transaction costs were recorded as debt issuance cost (presented as contra debt in the consolidated balance sheet) and are being amortized using the effective interest method to interest expense over the term of the 2026 Notes.

The following table presents the total amount of interest cost recognized relating to the 2026 Notes (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
Contractual interest expense	$	1,174	$	1,615	$	1,179
Amortization of debt discount and issuance costs	8,085		7,546		7,053
Total interest expense recognized	$	9,259	$	9,161	$	8,232

The derived effective interest rate on the 2026 Notes host contract was determined to be 6.71%, which remains unchanged from

the date of issuance. The remaining unamortized debt discount was $11.6 million as of September 30, 2024, and will be amortized over approximately 1.3 years. The fair value, based on a quoted market price (Level 2), of the 2026 Notes at September 30, 2024 and 2023 was approximately $146.9 million and $135.4 million, respectively.

Convertible Senior Notes Hedge and Warrants

In connection with the pricing of the 2026 Notes, the Company entered into transactions for convertible notes hedge (the “Notes Hedge”) with Bank of America, N.A., Jefferies International Limited and Goldman Sachs & Co. LLC (the “Option Counterparties”). The Notes Hedge provided the Company with the option to acquire, on a net settlement basis, approximately 7.4 million shares of Common Stock at a strike price of $20.85, which is equal to the number of shares of Common Stock that notionally underlie and correspond to the conversion price of the 2026 Notes. The Company also entered into Warrant Transactions with the Option Counterparties relating to the same number of shares of the Common Stock, subject to customary anti-dilution adjustments. The strike price of the Warrant Transactions is $26.53 per share, which represents a 75.0% premium to the last reported sale price of the Common Stock on the Nasdaq Capital Market on February 2, 2021, and is subject to certain adjustments under the terms of the Warrant Transactions.

The Company was initially required to settle the Notes Hedge in cash, as they did not qualify for the scope exception for contracts involving an issuer’s own equity in ASC 815 and were accounted for as a derivative asset. Upon initial purchase, the Notes Hedge was recorded in convertible senior notes hedge at $33.2 million in the consolidated balance sheets. In the second quarter of fiscal 2022, the stockholders of the Company approved an increase to the number of authorized shares of Common Stock, to an amount sufficient to settle the conversion of the 2026 Notes. As a result of the increase to the number of authorized shares of Common Stock, the Company reclassified the Notes Hedge to additional paid-in capital.

As of September 30, 2024, the Notes Hedge is included in additional paid-in capital in the consolidated balance sheet and will not be remeasured provided the requirements to qualify for the scope exception in ASC 815-10-15-74(a) continue to be met and the Company had not purchased any shares under the Notes Hedge.

As a result of the Warrant Transactions, the Company is required to recognize incremental dilution of earnings per share to the extent the average share price is over $26.53 for any fiscal quarter. During fiscal 2024, there was no dilution of earnings per share. The Warrant Transactions expire over a period of 80 trading days commencing on May 1, 2026 and may be settled in net shares of Common Stock or net cash at the Company’s election. Upon initial sale, the Warrant Transactions were recorded as an increase in additional paid-in capital within stockholders’ equity of $23.9 million. As of September 30, 2024, the Warrant Transactions had not been exercised and remained outstanding.

Revolving Credit Line

On February 13, 2024, the Company entered into a Loan and Security Agreement (the “Credit Agreement”) with Silicon Valley Bank, a division of First-Citizens Bank & Trust Company (the “Bank”) that provides for a revolving line of credit whereby the Company may borrow up to $35.0 million (the “Revolving Line”) with an additional $15.0 million to be advanced under the Revolving Line at the sole discretion of the Bank. The Revolving Line is secured on a first priority basis by the Company’s assets. In connection with the Credit Agreement, the Company incurred issuance costs of $0.3 million which are amortized to interest expense using the straight-line method over the term of the Credit Agreement.

The Revolving Line terminates, and any outstanding principal amount of all advances made thereunder, and any accrued and unpaid interest thereon, become immediately due and payable on the earlier of (a) the three-year anniversary of the Closing Date and (b) the date that is within 90 days of the maturity date of the 2026 Notes if such notes are outstanding as of such date.

Borrowings under the Credit Agreement generally bear interest at a variable rate equal to (a) term SOFR plus a specified margin or (b) WSJ prime plus a specified margin, in each case which will be adjusted based on the Company’s net leverage ratio at the time of borrowing. The Company must also pay the Bank (i) a commitment fee of $87,500 and (ii) an “Unused Revolving Line Facility Fee” of 0.25% per annum of the average unused portion of the Revolving Line.

The Credit Agreement contains representations, warranties, and negative and affirmative covenants customary for transactions of this type. These include covenants limiting the ability of the Company, and any of their subsidiaries, subject to certain exceptions and baskets, to, among other things, (i) incur indebtedness, (ii) incur liens on their assets, (iii) enter into any merger or consolidation with, or acquire all or substantially all of the equity or property of, another person, (iv) dispose of any of their business or property, (v) make or permit any payment on subordinated debt, or (vi) pay any dividend, make any other distribution, or redeem any equity.

The Credit Agreement contains customary events of default and also provides that an event of default includes any default resulting in a right by third parties to accelerate maturity of indebtedness in excess of $0.5 million. If any event of default occurs and is not cured within applicable grace periods set forth in the Credit Agreement or waived, all loans and other obligations could become due and immediately payable and the facility could be terminated. In addition, the Company may be required to deposit cash with the Bank in an amount equal to 115% of any undrawn letters of credit denominated in a foreign currency.

The Credit Agreement requires the Company to maintain a net leverage ratio of no more than 2.25 to 1.00 and if the Company engages in a share repurchase program, the net leverage ratio may not exceed 2.00 to 1.00. As disclosed in Note 7, on May 13, 2024, the Board authorized and approved a share repurchase program for up to $50.0 million of the currently outstanding shares of Common Stock. As of September 30, 2024, the Company’s net leverage ratio was 1.80 to 1.00 and as such, the Company was in compliance with the net leverage ratio covenant of the Credit Agreement. There were no outstanding borrowings under the Credit Agreement as of September 30, 2024.

Other Borrowings

The Company has certain loan agreements with Spanish government agencies. These agreements have repayment periods of five to twelve years and bear no interest. As of September 30, 2024, $2.7 million was outstanding under these agreements and $0.3 million and $2.4 million is recorded in other current liabilities and other non-current liabilities, respectively, in the consolidated balance sheets. As of September 30, 2023, $1.2 million was outstanding under these agreements and $0.2 million and $1.1 million is recorded in other current liabilities and other non-current liabilities, respectively, in the consolidated balance sheets.

Maturities of principal amounts of our other borrowings as of September 30, 2024 were as follows (amounts in thousands):


	Principal Amounts
2025	$	279
2026	266
2027	385
2028	525
2029	356
Thereafter	886
Total	$	2,697

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-6

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
-SubTopic 40
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-Name Accounting Standards Codification
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-Paragraph 1
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 405
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-URI https://asc.fasb.org/1943274/2147477092/405-40-50-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 470
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/470/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Name Accounting Standards Codification
-Section 50
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
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Reference 16: http://www.xbrl.org/2003/role/disclosureRef
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Reference 17: http://www.xbrl.org/2003/role/disclosureRef
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Reference 18: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
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Reference 20: http://www.xbrl.org/2003/role/disclosureRef
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Reference 21: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

DEBT - Narrative (Details)			8 Months Ended	12 Months Ended
DEBT - Narrative (Details)	Feb. 13, 2024 USD ($)	Feb. 05, 2021 USD ($) patent $ / shares	Sep. 30, 2021 USD ($)	Sep. 30, 2024 USD ($) shares	Dec. 31, 2017	May 13, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jan. 13, 2023	Feb. 28, 2021 USD ($)	Feb. 02, 2021 $ / shares
Debt Instrument [Line Items]
Fair value				$ 146,900,000			$ 135,400,000
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]				Convertible senior notes
Amount authorized under share repurchase program						$ 50,000,000
Outstanding borrowings				$ 2,697,000
Spanish Government Agencies \| ICAR Vision Systems, S.L.
Debt Instrument [Line Items]
Debt interest rate (as a percent)				0.00%	0.00%
Amount outstanding under loan agreement				$ 2,700,000			1,200,000
Spanish Government Agencies \| ICAR Vision Systems, S.L. \| Minimum
Debt Instrument [Line Items]
Repayment period of loan agreements				5 years	5 years
Spanish Government Agencies \| ICAR Vision Systems, S.L. \| Maximum
Debt Instrument [Line Items]
Repayment period of loan agreements				12 years	12 years
Spanish Government Agencies \| ICAR Vision Systems, S.L. \| Other Current Liabilities
Debt Instrument [Line Items]
Current loans payable				$ 300,000			200,000
Spanish Government Agencies \| ICAR Vision Systems, S.L. \| Other Noncurrent Liabilities
Debt Instrument [Line Items]
Noncurrent loans payable				2,400,000			1,100,000
Revolving Credit Facility
Debt Instrument [Line Items]
Unused revolving line facility fee (as a percent)	0.25%
Convertible Debt \| 2026 Notes
Debt Instrument [Line Items]
Debt issued				$ 155,300,000					$ 155,300,000
Debt interest rate (as a percent)		0.75%		0.75%
Debt conversion ratio (per $1,000 principal amount)		0.0479731000
Debt conversion price (in dollars per share) \| $ / shares		$ 20.85
Conversion price premium percentage										0.375
Proceeds from debt offerings, net of discounts, commissions and expenses		$ 149,700,000
Debt issuance costs		$ 5,500,000
Remaining unamortized debt discount				$ 11,649,000			19,734,000
Outstanding borrowings				143,601,000			$ 135,516,000
Convertible Debt \| 2026 Notes \| Interest Rate Period One
Debt Instrument [Line Items]
Additional interest (as a percent)								0.25%
Interest rate threshold period								90 days
Convertible Debt \| 2026 Notes \| Interest Rate Period Two
Debt Instrument [Line Items]
Additional interest (as a percent)								0.50%
Interest rate threshold period								180 days
Convertible Debt \| 2026 Notes \| Common Stock
Debt Instrument [Line Items]
Share price (in dollars per share) \| $ / shares										$ 15.16
Convertible Debt \| 2026 Notes \| During any Calendar Quarter Commencing after the Calendar Quarter Ending on June 30, 2021
Debt Instrument [Line Items]
Debt conversion price percentage		1.30
Trading days in period \| patent		20
Consecutive trading days in period \| patent		30
Convertible Debt \| 2026 Notes \| Measurement Period
Debt Instrument [Line Items]
Debt conversion price percentage		0.98
Consecutive trading days in period \| patent		5
Convertible Debt \| 2026 Notes \| Embedded Conversion Derivative
Debt Instrument [Line Items]
Payment costs related to hedge transactions		$ 9,300,000
Embedded derivative, fair value of embedded derivative liability		33,200,000
Value of remaining embedded derivative allocated to host contract		$ 116,500,000
Derivative interest rate		6.71%
Remaining unamortized debt discount				$ 11,600,000
Remaining debt discount amortization period				1 year 3 months 18 days
Convertible Debt \| Additional Notes
Debt Instrument [Line Items]
Option period to purchase additional notes		13 days
Additional aggregate principal amount purchased		$ 20,300,000
Convertible Debt \| Notes Hedge
Debt Instrument [Line Items]
Debt conversion price (in dollars per share) \| $ / shares		$ 20.85
Conversion price premium percentage										0.750
Number of shares that can initially be converted into common stock \| patent		7,400,000
Strike price of warrants (in dollar per share) \| $ / shares		$ 26.53
Senior notes hedge balance		$ 33,200,000
Shares purchased under the notes hedge (in shares) \| shares				0
Increase in additional paid-in-capital for sale or warrants			$ 23,900,000
Warrants exercised (in shares) \| shares				0
Warrants outstanding (in shares) \| shares				0
Convertible Debt \| Notes Hedge \| Observation Period
Debt Instrument [Line Items]
Consecutive trading days in period \| patent		80
Incremental dilution of earnings per share of warrants (in shares) \| shares				0
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Debt issuance costs	$ 300,000
Maximum borrowing capacity	35,000,000
Additional value, line of credit facility, maximum borrowing capacity	15,000,000
Commitment fees	87,500
Indebtedness amount	$ 500,000
Maximum net leverage ratio				2.25
Maximum net leverage ratio if engaged in a share purchase program				2.00
Net leverage ratio				1.80
Outstanding borrowings				$ 0
Foreign Letter Of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Cash deposit, percentage	115.00%

INVESTMENTS - Summary of Investments by Type of Security (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Available-for-sale [Line Items]
Cost	$ 48,141	$ 76,245
Gross Unrealized Gains	161	1
Gross Unrealized Losses	(8)	(242)
Fair Market Value	48,294	76,004
Short-Term \| U.S. Treasury
Debt Securities, Available-for-sale [Line Items]
Cost	3,841	40,329
Gross Unrealized Gains	1	1
Gross Unrealized Losses	(6)	(76)
Fair Market Value	3,836	40,254
Short-Term \| Commercial Paper
Debt Securities, Available-for-sale [Line Items]
Cost	15,964
Gross Unrealized Gains	20
Gross Unrealized Losses	0
Fair Market Value	15,984
Short-Term \| Corporate Debt Securities
Debt Securities, Available-for-sale [Line Items]
Cost	17,008	34,545
Gross Unrealized Gains	56	0
Gross Unrealized Losses	0	(99)
Fair Market Value	17,064	34,446
Long-Term \| U.S. Treasury
Debt Securities, Available-for-sale [Line Items]
Cost		1,371
Gross Unrealized Gains		0
Gross Unrealized Losses		(67)
Fair Market Value		$ 1,304
Long-Term \| Corporate Debt Securities
Debt Securities, Available-for-sale [Line Items]
Cost	11,328
Gross Unrealized Gains	84
Gross Unrealized Losses	(2)
Fair Market Value	$ 11,410

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Sep. 30, 2024

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Potentially Dilutive Common Shares Excluded from Calculation of Net Income per Share


	2024	2023	2022
Stock options	335	437	506
RSUs	1,646	1,455	960
ESPP common stock equivalents	8	6	7
Performance options	680	755	623
Performance RSUs	303	268	281
Convertible senior notes	7,448	7,448	7,448
Warrants	7,448	7,448	7,448
Total potentially dilutive common shares outstanding	17,868	17,817	17,273

Schedule of Computation of Basic and Diluted Net Income Per Share

The calculation of basic and diluted net income (loss) per share for the twelve months ended September 30, 2024, 2023 and 2022, is as follows (amounts in thousands, except per share data):


	2024		2023		2022
Net income	$	3,278	$	8,027	$	3,694
Weighted-average shares outstanding—basic	46,560		45,533		44,595
Common stock equivalents	908		928		1,185
Weighted-average shares outstanding—diluted	47,468		46,461		45,780
Net income per share:
Basic	$	0.07	$	0.18	$	0.08
Diluted	$	0.07	$	0.17	$	0.08

Schedule of Summary of Property and Equipment

The following is a summary of property and equipment as of September 30, 2024 and 2023 (amounts in thousands):


	2024		2023
Property and equipment—at cost:
Leasehold improvements	$	1,195	$	2,612
Machinery and equipment	2,797		3,657
Capitalized software development costs	4,343		3,610
Furniture and fixtures	707		728
	9,042		10,607
Less: accumulated depreciation and amortization	(6,478)		(7,778)
Total property and equipment, net	$	2,564	$	2,829

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Computation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net income	$ 3,278	$ 8,027	$ 3,694
Weighted-average shares outstanding—basic (in shares)	46,560	45,533	44,595
Common stock equivalents (in shares)	908	928	1,185
Weighted-average shares outstanding—diluted (in shares)	47,468	46,461	45,780
Net income per share:
Basic (in dollars per share)	$ 0.07	$ 0.18	$ 0.08
Diluted (in dollars per share)	$ 0.07	$ 0.17	$ 0.08

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References

+ Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Sep. 30, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

INVESTMENTS - Narrative (Details) - USD ($)	12 Months Ended
INVESTMENTS - Narrative (Details) - USD ($)	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Investments, Debt and Equity Securities [Abstract]
Other-than-temporary impairment charges recognized in earnings	$ 0	$ 0	$ 0
Realized gains (losses) from sale of available-for-sale securities	0	$ 0	$ (300,000)
Income tax benefit from reclassification adjustment	$ 100,000

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)	3 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Disclosure - Goodwill and Intangible Assets - Additional Information (Detail) [Line Items]
Goodwill	$ 131,574,000	$ 131,574,000	$ 123,548,000	$ 115,632,000
Goodwill impairment	$ 0	0
Amortization of intangible assets		15,156,000	16,992,000	13,547,000
Impairment charges related to intangible assets		0	0	0
Acquisition-Related Costs and Expenses
Disclosure - Goodwill and Intangible Assets - Additional Information (Detail) [Line Items]
Amortization of intangible assets		$ 15,200,000	$ 17,000,000	$ 13,500,000
Minimum
Disclosure - Goodwill and Intangible Assets - Additional Information (Detail) [Line Items]
Estimated useful lives of intangible assets (in years)	3 years	3 years
Maximum
Disclosure - Goodwill and Intangible Assets - Additional Information (Detail) [Line Items]
Estimated useful lives of intangible assets (in years)	7 years	7 years

- Definition

+ References

+ Details

COMMITMENTS AND CONTINGENCIES	12 Months Ended
COMMITMENTS AND CONTINGENCIES	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Legal Proceedings Claim Against ICAR On June 11, 2018, a claim was filed before Court of First Instance 5 (Juzgado de Primera Instancia) of Barcelona, Spain, the first instance court in the Spanish civil procedure system, against ICAR Vision Systems, S.L. (“ICAR”). The claim, also directed towards Mr. Xavier Codó Grasa, the former controlling shareholder of ICAR and its current General Manager at the time the claim was filed, was brought by the Spanish company Global Equity & Corporate Consulting, S.L. for an alleged breach by ICAR of a services agreement entered into in the context of the sale of all of the shares in ICAR to Mitek Holding B.V., a wholly owned subsidiary of the Company. ICAR responded to the claim on September 7, 2018. After several postponements as a consequence of the COVID-19 pandemic, on March 3, 2022 the trial was held. On June 7, 2022, the Court of First Instance 5 of Barcelona issued a judgment which fully upheld the claim and declared that Mr. Xavier Codó Grasa and ICAR had to pay the amount and damages claimed by Global Equity & Corporate Consulting, S.L. equal to €0.8 million (or $0.8 million as of September 30, 2024), plus the interest accrued and the legal fees. ICAR and Mr. Xavier Codó Grasa submitted an appeal against this judgment on July 13, 2022. Global Equity & Corporate Consulting, S.L. filed an opposition to that appeal on September 2, 2022. The next procedural step will be the voting and issuing of the ruling on the appeal. Global Equity & Corporate Consulting, S.L. requested the provisional enforcement of the judgment, asking ICAR and Mr. Xavier Codó Grasa to deposit the damages awarded plus 30% to cover the possible interests that may continue to accrue during the appeal (€1.1 million in total) with the Court. According to the terms of the sale and purchase agreement concerning the acquisition of the shares in ICAR, Mitek Holding B.V. is to be indemnified in respect of any damages suffered by ICAR and/or Mitek Holding B.V. in respect of this claim. As a consequence, the escrow (€0.9 million) was released pursuant to the provisional enforcement of the judgment, and Mr. Xavier Codó Grasa deposited the remaining €0.2 million. Global Equity & Corporate Consulting, S.L. also requested that ICAR and Mr. Xavier Codó Grasa bear the costs of the provisional enforcement. This amounted to €16,475 for the accrued interests, and €10,995 as legal costs. ICAR and Mr. Xavier Codó Grasa have complied with this request, having such amounts charged to the damages deposited with the Court. Third-Party Claims Against the Company’s Customers The Company receives indemnification demands from end-user customers who received third party patentee offers to license patents and allegations of patent infringement. Some of the offers and allegations have resulted in ongoing litigation. The Company is not a party to any such litigation. License offers to and infringement allegations against the Company’s end-customers were made by Lighthouse Consulting Group, LLC; Lupercal, LLC; Pebble Tide, LLC; Dominion Harbor Group, LLC; and IP Edge, LLC, which appear to be non-practicing entities (“NPEs”)—often called “patent trolls”—and not the Company’s competitors. These NPEs may seek to extract settlements from our end-customers, resulting in new or renewed indemnification demands to the Company. At this time, the Company does not believe it is obligated to indemnify any customers or end-customers resulting from license offers or patent infringement allegations by the companies listed above. However, the Company could incur substantial costs if it is determined that it is required to indemnify any customers or end-customers in connection with these offers or allegations. Given the potential for impact to other customers and the industry, the Company is actively monitoring the offers, allegations and any resulting litigation. Since 2018, United Services Automobile Association (“USAA”) has filed suit against various parties alleging patent infringement concerning four USAA-owned patents related to mobile deposits, including Wells Fargo Bank, N.A. (“Wells Fargo”) and PNC Bank. While these lawsuits do not name the Company as a defendant, given (among other factors) the Company’s prior history of litigation with USAA and the continued use of the Company’s products by its customers, on November 1, 2019, the Company filed a complaint in the U.S. District Court for the Northern District of California seeking declaratory judgment that its products do not infringe certain patents held by USAA (collectively, the “Subject Patents”). On January 15, 2020, USAA filed motions requesting the dismissal of the declaratory judgement of the Subject Patents and transfer of the case to the Eastern District of Texas, both of which the Company opposed. On April 21, 2020, the Court in the Northern District of California transferred the Company’s declaratory judgement action to the Eastern District of Texas and did not rule on USAA’s motion to dismiss. On April 28, 2021, the Court in the Eastern District of Texas granted USAA’s motion to dismiss the Company’s declaratory judgment action on jurisdictional grounds. The Court’s ruling did not address the merits of the Company’s claim of non-infringement. The Company appealed the ruling on the motion to dismiss and the decision to transfer the declaratory judgment action from California to Texas to the U.S. Court of Appeals for the Federal Circuit. The Federal Circuit heard oral argument on the Company’s appeal on April 4, 2022 and on May 20 2022, issued an opinion vacating and remanding the district court’s order granting USAA’s motion to dismiss. On August 1, 2022, the parties submitted additional briefing to the district court in light of Federal Circuit’s opinion. The court held another hearing on USAA’s motion to dismiss the Company’s declaratory judgment action on jurisdictional grounds, and once again granted USAA’s motion to dismiss on February 23, 2023. The Company timely filed a notice of appeal to the U.S. Court of Appeals for the Federal Circuit. The appeal is fully briefed, and the Company is awaiting oral argument. The Company continues to believe that its products do not infringe the Subject Patents and will vigorously defend the right of its end-users to use its technology. On July 29, 2022, USAA filed another patent infringement lawsuit against Truist Bank (“Truist”) in the Eastern District of Texas. The lawsuit alleges infringement of the ’090 Patent, the ’432 Patent, and the U.S. Patent No. 11,182,753 (“the ’753 Patent”). The Company was not named as a defendant or mentioned in connection with any alleged infringement. On October 5, 2022, Truist’s integration partner, NCR Corporation, sent an indemnification demand to the Company requesting indemnification from all claims related to the lawsuit. For the same reasons discussed above in connection with the PNC Lawsuits, the Company does not believe it is obligated to indemnify NCR Corporation or end-users of NCR Corporation resulting from the patent infringement allegations by USAA. On October 7, 2022, Truist filed a motion to transfer venue to the Western District of North Carolina. The motion was denied on April 8, 2023. On December 30, 2022, Truist filed a motion for leave to file counterclaims against USAA alleging patent infringement of U.S. Patent Nos. 7,336,813; 7,519,214; 8,136,721; and 9,760,797, which was granted on April 8, 2023. On March 13, 2023, USAA moved for leave to file a First Amended Complaint, adding an additional allegation of patent infringement of U.S. Patent No. 11,544,944 (“the ’944 Patent”). On April 4, 2023, Truist sent another indemnification demand to the Company requesting indemnification related to the lawsuit. On May 3, 2023, USAA moved for leave to file a Second Amended Complaint, adding an additional allegation of patent infringement of U.S. Patent No. 11,625,770 (“the ’770 Patent”). On May 30, 2023, Truist sent another indemnification demand to the Company requesting indemnification related to the Second Amended Complaint. On October 6, 2023, the parties filed a Notice of Settlement and Joint Motion and Stipulation of Dismissal. All claims and causes of action between the parties were dismissed with prejudice on October 10, 2023 in view of the settlement. Claim Against UrbanFT, Inc. On July 31, 2019, the Company filed a lawsuit against one of its customers, UrbanFT, Inc. (“UrbanFT”) in the United States District Court for the Southern District of California (case No. 19-CV-1432-CAB-DEB). UrbanFT is delinquent in payment and attempted to justify its non-payment by asserting that the Company is or may be infringing on purported UrbanFT patents. The Company filed such lawsuit to collect the delinquent payments and to obtain a declaratory judgment of non-infringement of five purported UrbanFT patents. UrbanFT filed an answer and later asserted infringement of two of the five patents-at-issue in the Company’s lawsuit against UrbanFT. The Company thereafter filed counterclaims seeking a declaration that the two patents now asserted by UrbanFT are invalid in addition to being not infringed. During the course of the litigation, the Company learned that a judgment had been entered against UrbanFT’s affiliates and its predecessor owner in which an Oregon court ordered that the patents in issue revert to a prior owner, Mr. Stevens, because UrbanFT’s affiliates did not pay the purchase price owed to the prior owner. On September 8, 2020, the Company filed a motion for summary judgment on its breach of contract claim. On September 15, 2020, the district court issued an order to show cause regarding jurisdiction over patent issues in light of the Oregon judgment. On December 17, 2020, the district court dismissed Mitek’s claims for declaratory judgment of non-infringement and UrbanFT’s counterclaims for patent infringement and related affirmative defenses based on infringement of the patents for lack of subject matter jurisdiction because UrbanFT does not own the patents. The district court then dismissed the remaining state law claims without prejudice to refiling in state court. On December 18, 2020, the Company filed a new suit against UrbanFT in the Superior Court of the State of California, County of San Diego (case no. 37-2020-00046670-CU-BC-CTL) asserting claims for breach of contract, open book account, and monetary damages. UrbanFT filed an answer and did not assert any cross-claims. The Company filed a motion for summary judgment which was heard on April 15, 2022. The Court granted the Company’s motion and on June 2, 2022, entered a judgment in favor of the Company for $1.7 million in compensatory damages, plus costs, including attorney’s fees. The Court awarded the Company $2,600 in costs plus $0.6 million in attorneys’ fees for a total judgment of $2.3 million. The time for UrbanFT to appeal the $1.7 million in compensatory damage judgment has expired but the time for UrbanFT to appeal the attorneys’ fee and cost award has not. No appeal has been filed. On August 2, 2023, the Company filed a separate lawsuit against Richard Steggall, UFT (North America), LLC fka Urban FT LLC; Urban FT Group, Inc; Urban FT Client Solutions, LLC; UFT Professional Services, LLC; and X-35 Financial Technologies, in the San Diego Superior Court, (case No. 37-2023-00033005-CU-FR-CTL) (“Fraud Conveyance Action”). The Fraud Conveyance Action alleges that the Mr. Steggall orchestrated a scheme to strip UFT (North America), LLC of any assets and effectively transfer the Urban FT business to other entities he owns and controls, all to avoid the Company’s collection efforts. The Fraud Conveyance Action also alleges that Mr. Steggall funnels Urban FT’s revenues through a web of other entities he owns and controls, all to ensure that creditors, including the Company, cannot collect their debts. The parties have started discovery. On February 23, 2024, the Court set the Fraud Conveyance Action for trial on March 14, 2025. Separately, the Company filed two motions to compel discovery set for April 12, 2024. The defendants have filed a motion to quash the Company’s subpoena to Chase Bank and the defendants filed an Order to Show Cause to hold the Company in contempt for violating the parties’ Protective Order. The Company anticipates filing its own motion for sanctions against defendants for their contempt motion. On April 12, 2024, the Court granted the Company’s two motions to compel discovery and the parties are presently working through various issues in Urban FT’s discovery responses following the Court granting the motions to compel. Separately, the parties agreed to withdraw: (1) the subpoena to Chase Bank; (2) the motion to quash the subpoena to Chase Bank; (3) the Order to Show cause to hold Company in contempt; and (4) the Company’s motion for sanctions in response to the contempt motion. The parties are also pursuing other discovery and preparing for trial which is set in March 2025. Claim Against Maplebear, Inc (dba Instacart): On December 13, 2021, Mitek filed a lawsuit against Maplebear Inc., d/b/a Instacart (“Instacart”), in California Superior Court – San Diego County (Case No, 37-2021-00052089-CU-BC-CTL)) (the “Instacart Lawsuit”). Mitek alleged causes of action for breach of contract as well as breach of the implied covenant and requested over $2.0 million in damages. On August 3, 2018 Instacart entered into a Master Services Agreement (the “Master Services Agreement”) with Mitek agreeing to purchase a subscription to Mitek’s Mobile Verify Advanced service. On June 19, 2020, the parties entered into a second Order Form in connection with the Master Services Agreement. The Order Form had a term of June 18, 2020 to December 31, 2023 and called for an annual commitment of $1.2 million. On September 23, 2021, Instacart sent a letter to Mitek purporting to outline breaches under the Master Services Agreement. Mitek responded on November 11, 2021, refuting Instacart’s claims and offering to engage in further discussions. Instacart thereafter sent a Notice of Termination of the Master Services Agreement dated November 24, 2021. The Parties participated in mediation on March 15, 2022. The mediation did not result in the resolution of the case and, following mediation, the Parties stipulated that Instacart’s response to Mitek’s complaint would be due on April 27, 2022. In lieu of filing a response to the complaint, Instacart elected to file a Motion to Transfer Venue to the County of San Francisco, which the Court denied, thereby keeping the case in the County of San Diego. On November 28, 2022, Instacart filed a cross-complaint against Mitek alleging: (1) Fraudulent Inducement; (2) Intentional Misrepresentation; (3) False Advertising; (4) Fraudulent Business Practices; (5) Unlawful Business Practices; (6) Unfair Business Practices; (7) Breach of Contract; and (8) Breach of the Implied Covenant of Good Faith and Fair Dealing. On January 27, 2023, Mitek filed a demurrer to the cross-complaint (the functional equivalent of a motion to dismiss). Both Parties also filed motions to compel further responses to written discovery requests. The Court did not decide the demurrer or the motions to compel before the Parties resolved and dismissed the case. On September 29, 2023, the Parties reached an agreement to resolve the case. The terms of the settlement were completed and, on October 24, 2023, the Company filed a Request for Dismissal, signed by counsel for both parties and asking the clerk of the Court to dismiss the Company’s complaint and causes of action as well as Instacart’s cross-complaint and causes of action. The Court entered the Request for Dismissal on October 24, 2023 and dismissed the Parties’ respective claims with prejudice. Other Legal Matters As previously disclosed, the Company announced on October 27, 2022, and May 8, 2023, that a restatement of the Company’s previously issued unaudited interim financial statements was necessary. Following those restatements, the SEC opened an inquiry into the Company’s accounting practices and thereafter opened a formal investigation. The Company is cooperating with the ongoing investigation. The duration, scope, and outcome of this investigation are difficult to predict. At this time, the Company does not expect the outcome of this matter to have a material adverse effect on its consolidated results of operations, cash flows, or financial position. In addition to the foregoing, the Company is subject to various claims and legal proceedings arising in the ordinary course of its business. The Company accrues for such liabilities when it is both (i) probable that a loss has occurred and (ii) the amount of the loss can be reasonably estimated in accordance with ASC 450, Contingencies. While any legal proceeding has an element of uncertainty, the Company believes that the disposition of such matters, in the aggregate, will not have a material effect on the Company’s financial condition or results of operations. Employee 401(k) Plan The Company has a 401(k) plan that allows participating employees to contribute a percentage of their salary, subject to Internal Revenue Service annual limits. In 2015, the Company implemented a company match to the plan. The Company's contributions are made in an amount equal to 50% of the first 6% of an employee's designated deferral of their eligible compensation. The Company's total cost related to the 401(k) plan was $0.6 million, $0.5 million, and $0.7 million for the twelve months ended September 30, 2024, 2023, and 2022, respectively.

INCOME TAXES - Income Tax Benefit (Provision) (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Domestic	$ 10,246	$ 23,836	$ 11,483
Foreign	(11,155)	(13,495)	(7,881)
Income (loss) before income taxes	(909)	10,341	3,602
Current:
Federal	(6,323)	(4,414)	(233)
State	(420)	(1,215)	(325)
Foreign	495	(1,023)	(1,800)
Total current benefit (provision) for income taxes	(6,248)	(6,652)	(2,358)
Deferred:
Federal	4,291	(659)	(1,400)
State	397	819	513
Foreign	5,747	4,178	3,337
Total deferred benefit (provision) for income taxes	10,435	4,338	2,450
Total tax benefit (provision)	$ 4,187	$ (2,314)	$ 92

REVENUE RECOGNITION - Remaining Performance Obligation (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue performance obligation	$ 81,054
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue performance obligation	54,223
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue performance obligation	$ 26,831

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Indefinite-lived Intangible Assets [Line Items]
Cost	$ 100,505	$ 128,617
Accumulated Amortization	46,368	63,943
Total	$ 54,137	$ 64,674
Completed technologies
Indefinite-lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	7 years	6 years 10 months 24 days
Cost	$ 88,435	$ 95,761
Accumulated Amortization	40,104	39,254
Total	$ 48,331	$ 56,507
Customer relationships
Indefinite-lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years	4 years 8 months 12 days
Cost	$ 5,000	$ 25,168
Accumulated Amortization	2,483	21,396
Total	$ 2,517	$ 3,772
Trade names
Indefinite-lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	5 years	5 years
Cost	$ 6,470	$ 7,088
Accumulated Amortization	3,278	2,967
Total	$ 3,192	$ 4,121
Covenants not to compete
Indefinite-lived Intangible Assets [Line Items]
Weighted Average Amortization Period (in years)	3 years	3 years
Cost	$ 600	$ 600
Accumulated Amortization	503	326
Total	$ 97	$ 274

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The financial statements are prepared in accordance with accounting principles generally accepted in the U.S. (“GAAP”).
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Reclassifications and Revisions	Reclassifications and Revisions A reclassification has been made to the prior periods’ consolidated financial statements in order to conform to the current period presentation. Accrued liabilities were included in the other current liabilities line in the consolidated balance sheet as of September 30, 2023, however, they have been presented separately in the consolidated balance sheet as of September 30, 2024 so that the total of the other current liabilities line is less than five percent of total current liabilities. Certain amounts within the prior period’s consolidated statement of cash flows have been reclassified and revised to conform to the current period presentation. Within “Changes in assets and liabilities, net of acquisitions,” “Income taxes payable,” which had previously been combined with “Other liabilities,” was reclassified as a separate line item. Within “Investing activities,” “Sales of investments” and “Maturities of investments” were previously combined as “Sales and maturities of investments” and were reclassified as separate line items. Non-cash expense associated with amortization of costs capitalized to obtain revenue contracts and bad debt expense were revised to be presented separately as adjustments to reconcile net income to net cash provided by operating activities. The reclassifications and revisions, which are considered to be immaterial to the previously issued consolidated financial statements for the corresponding prior periods in fiscal 2023 and 2022, had no impact on net cash provided by operating activities or investing activities and did not change other amounts reported within the consolidated balance sheets, statements of operations and comprehensive income (loss), or statements of stockholders’ equity.
Foreign Currency	Foreign Currency The Company has foreign subsidiaries that operate and sell products and services in various countries and jurisdictions around the world. As a result, the Company is exposed to foreign currency exchange risks. For those subsidiaries whose functional currency is not the U.S. dollar, assets and liabilities are translated into U.S. dollars equivalents at the exchange rate in effect on the balance sheet date and revenues and expenses are translated into U.S. dollars using the average exchange rate over the period. The Company’s cumulative translation adjustment balance as of September 30, 2024 and 2023 were deficits of $2.8 million and $15.1 million, respectively. Resulting currency translation adjustments are recorded in accumulated other comprehensive loss in the consolidated balance sheet.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, expenses, deferred taxes, and related disclosure of contingent assets and liabilities. On an ongoing basis, management reviews its estimates based upon currently available information. Actual results could differ materially from those estimates. These estimates include, but are not limited to, assessing the collectability of accounts receivable, estimation of the value of stock-based compensation awards, fair value of assets and liabilities acquired, useful lives of intangible assets, standalone selling price related to revenue recognition, contingent consideration, and income taxes.
Revenue Recognition	Revenue Recognition The Company generates revenue primarily from the delivery of licenses and related services to customers (for both on premise and software as a service (“SaaS”) products), as well as the delivery of hardware and professional services. Revenue is recognized when control of these services is transferred to the Company’s customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those services. The Company determined revenue recognition through the following steps: 1)Identification of the contract, or contracts, with a customer 2)Identification of the performance obligations in the contract 3)Determination of the transaction price 4)Allocation of the transaction price to the performance obligations in the contract 5)Recognition of revenue when, or as, performance obligations are satisfied Note 2 describes the nature of the Company’s primary types of revenue and the revenue recognition policies and payment terms as they pertain to the types of transactions the Company enters into with its customers. Contract Balances: The timing of revenue recognition may differ from the timing of invoicing to customers, and these timing differences result in receivables (billed or unbilled), contract assets, or contract liabilities (deferred revenue) on the Company’s consolidated balance sheets. The Company records a contract asset when revenue is recognized prior to the right to invoice, or deferred revenue when revenue is recognized subsequent to invoicing. The Company records an unbilled receivable when revenue is recognized and it has an unconditional right to invoice and receive payment. The Company reports net contract asset or liability positions on a contract by contract basis at the end of each reporting period. Unbilled receivables are included within accounts receivable on the consolidated balance sheets and were $0.4 million and $0.9 million as of September 30, 2024 and 2023, respectively. Contract Costs: The Company defers incremental and recoverable costs to obtain a contract, consisting primarily of sales commissions, which are payable only if a contract is obtained or renewed. Such costs are capitalized and amortized using a portfolio approach consistent with the pattern of transfer of the good or service to which the asset relates. We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year. We apply a practical expedient to expense costs as incurred for costs to obtain a contract with a customer when the amortization period would have been one year or less. Contract costs are recorded in other current and non-current assets in the consolidated balance sheets. Cost of Revenue Cost of revenue includes personnel costs related to billable services and software support, direct costs associated with our hardware products and hosting costs. Depreciation and amortization that are excluded from cost of revenue are included in research and development and selling and marketing on the consolidated statement of operations and other comprehensive income (loss). Nature of Goods and Services The following is a description of principal activities from which the Company generates its revenue. Contracts with customers are evaluated on a contract-by-contract basis as contracts may include multiple types of goods and services as described below. Software and Hardware Software and hardware revenue is generated from on premise software license sales, as well as sales of hardware scanner boxes and on premise appliance products. Software is typically sold as a time-based license with a term of one to three years. For software license agreements that are distinct, the Company recognizes software license revenue upon delivery and after evidence of a contract exists. Hardware revenue is recognized at a point in time upon shipment and after evidence of a contract exists. Our standard payment terms are generally no more than 60 days. Invoices for software are typically issued when the license is made available for customer use. Invoices for hardware products are typically issued upon delivery to the customer. Services and Other Services and other revenue is generated from the sale of SaaS products and services, maintenance associated with the sale of on premise software licenses and consulting and professional services. The Company’s SaaS offerings give customers the option to be charged upon their incurred usage in arrears (“Pay as You Go”), or commit to a minimum spend over their contracted period, with the ability to purchase additional transactions above the minimum during the contract term. Revenue related to Pay as You Go contracts are recognized based on the customer’s actual usage, in the period of usage. For contracts which include a minimum commitment, the Company is stand-ready to provide the services throughout the contract term, and revenue is primarily recognized on a ratable basis over the contract period including an estimate of usage above the minimum commitment. Usage above minimum commitment is estimated by looking at historical usage, expected volume, and other factors to project usage for the remainder of the contract term. The estimated usage-based revenues are constrained to the amount the Company expects to be entitled to receive in exchange for providing access to its platform. Maintenance and support services generally call for the Company to provide software updates and technical support to customers and is recognized ratably over the term of the contract as this is the period the services are delivered. If professional services are deemed to be distinct, revenue is recognized as services are performed. The Company does not view the signing of the contract or the provision of initial setup services as discrete earnings events that are distinct. Our standard payment terms are generally no more than 60 days. SaaS and maintenance services are typically invoiced annually in advance, and consulting and professional services are typically invoiced at the time of sale. Significant Judgments in Application of the Guidance The Company uses the following methods, inputs, and assumptions in determining amounts of revenue to recognize: Identification of Performance Obligations For contracts that contain multiple performance obligations, which include combinations of software licenses, maintenance, and services, the Company accounts for individual goods or services as a separate performance obligation if they are distinct. The good or service is distinct if the good or service is separately identifiable from other items in the arrangement and if a customer can benefit from it on its own or with other resources that are readily available to the customer. If these criteria are not met, the promised goods or services are accounted for as a combined performance obligation. Determination of Transaction Price The transaction price is determined based on the consideration to which the Company will be entitled in exchange for transferring products or services to the customer. The Company includes any fixed charges within its contracts as part of the total transaction price. To the extent that variable consideration is not constrained, the Company includes an estimate of the variable amount, as appropriate, within the total transaction price and updates its assumptions over the duration of the contract. Assessment of Estimates of Variable Consideration Certain of the Company’s contracts with customers contain some component of variable consideration; however, variable consideration will only be included in the transaction price to the extent it is probable that a significant reversal of revenues recognized will not occur when the uncertainty associated with the variable consideration is resolved. The Company may constrain the estimated transaction price in the event of a high degree of uncertainty as to the final consideration amount owed because of an extended length of time over which the fees may be adjusted or due to uncertainty surrounding collectability. The Company estimates variable consideration in its contracts primarily using the expected value method as the Company believes this method represents the most appropriate estimate for this consideration, based on historical usage trends, the individual contract considerations, and its best judgment at the time. Allocation of Transaction Price The transaction price, including any discounts, is allocated between separate goods and services in a contract that contains multiple performance obligations based on their relative standalone selling prices. The standalone selling prices are based on the prices at which the Company separately sells each good or service. For items that are not sold separately, the Company estimates the standalone selling prices using available information such as market conditions and internally approved pricing guidelines. In certain situations, primarily transactional SaaS revenue described above, the Company allocates variable consideration to a series of distinct goods or services within a contract. The Company allocates variable payments to one or more, but not all, of the distinct goods or services or to a series of distinct goods or services in a contract when (i) the variable payment relates specifically to the Company’s efforts to transfer the distinct good or service and (ii) the variable payment is for an amount that depicts the amount of consideration to which the Company expects to be entitled in exchange for transferring the promised goods or services to its customer. Contract assets primarily result from when the right to consideration is conditional upon factors other than the passage of time. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue), for which transfer of control occurs, and therefore revenue is recognized as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. Contract Costs Contract costs included in other current and non-current assets on the consolidated balance sheets The Company applies the practical expedient and expenses commissions when incurred if the amortization period is one year or less. These costs are included in selling and marketing expenses in the consolidated statement of operations and comprehensive income (loss)
Restructuring Costs	Restructuring Costs Restructuring costs consist of employee severance obligations and other related costs.
Net Income (Loss) Per Share	Net Income (Loss) Per Share The Company calculates net income (loss) per share in accordance with ASC Topic 260, Earnings per Share. Basic net income (loss) per share is based on the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share also gives effect to all potentially dilutive securities outstanding during the period, such as restricted stock units (“RSUs”), performance-based restricted stock units (“performance RSUs”), stock options, Performance options (defined below), and Employee Stock Purchase Plan ("ESPP") shares, if dilutive. In a period with a net loss position, potentially dilutive securities are not included in the computation of diluted net loss per share because to do so would be antidilutive, and the number of shares used to calculate basic and diluted net loss per share is the same.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents are defined as highly liquid financial instruments with original maturities of three months or less. The Company's cash and cash equivalents are composed of interest and non-interest-bearing deposits and money market funds. Cash and cash equivalents are maintained with various financial institutions.
Investments	Investments Investments consist of corporate notes and bonds, U.S. Treasury securities, and asset-backed securities. The Company determines the appropriate designation of investments at the time of purchase and reevaluates such designation as of each balance sheet date. All of the Company’s investments are designated as available-for-sale debt securities. All investments whose maturity or sale is expected within one year are classified as “current” on the consolidated balance sheets. All other securities are classified as “long-term” on the consolidated balance sheets. All investments are recorded at their estimated fair value. Unrealized gains and losses for available-for-sale securities are included in accumulated other comprehensive income (loss), a component of stockholders’ equity. The Company evaluates its investments to assess whether those with unrealized loss positions are other-than-temporarily impaired. Impairments are considered to be other-than-temporary if they are related to deterioration in credit risk or if it is likely that the Company will sell the securities before the recovery of its cost basis. If the Company intends to sell an impaired investment or it is more likely than not that the Company will be required to sell the investment prior to recovering its amortized cost basis, an other-than-temporary impairment is deemed to have occurred. Realized gains and losses, amortization of premiums, accretion of discounts, interest, dividend income, and declines in value judged to be other-than-temporary are determined based on the specific identification method and are reported in other income (expense), net in the consolidated statements of operations and comprehensive income (loss).
Accounts Receivable and Allowance for Credit Losses	Accounts Receivable and Allowance for Credit Losses Trade accounts receivable are recorded at the net invoice value and are not interest bearing. The Company considers receivables past due based on the contractual payment terms. Allowances for credit losses are established based on various factors including credit profiles of the Company’s customers, contractual terms and conditions, historical payments, and current economic trends. The Company reviews its allowances by assessing individual accounts receivable over a specific aging and amount. Accounts receivable are written off on a case-by-case basis, net of any amounts that may be collected.
Concentration of Credit Risk	Concentration of Credit Risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, investments, and accounts receivable. The Company reduces credit risk by placing its cash and cash equivalents with major financial institutions with high credit ratings and invests its cash equivalents in highly rated market funds. At times, to the extent eligible, such amounts may exceed federally insured limits. The Company believes that minimal credit risk exists with respect to these investments due to the credit ratings of the financial institutions that hold its short- and long-term investments.
Property and Equipment	Property and Equipment Property and equipment are carried at cost less accumulated depreciation and amortization. Depreciation and amortization of property and equipment are calculated using the straight-line method over estimated useful lives ranging from three to seven years. Leasehold improvements are amortized over the shorter of the lease term or estimated useful life of the assets.
Leases	Leases The Company determines if an arrangement is a lease at inception in accordance with ASC Topic 842, Leases (“ASC 842”). The lease term begins on the commencement date, which is the date the Company takes possession of the property, and may include options to extend or terminate the lease when it is reasonably certain that the option will be exercised. The lease term is used to determine lease classification as an operating or finance lease and is used to calculate straight-line expense for operating leases. Right of use (“ROU”) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make payments arising from the lease. As a practical expedient, lease agreements with lease and non-lease components are accounted for as a single lease component for all asset classes, which are comprised of real estate leases. ROU assets and lease liabilities are recognized at the commencement date based upon the present value of lease payments over the lease term. ROU assets also include prepaid lease payments and exclude lease incentives received. The Company estimates contingent lease incentives when it is probable that the Company is entitled to the incentive at lease commencement. Since the Company’s leases do not typically provide an implicit rate, the Company uses its incremental borrowing rate based upon the information available at commencement date of each lease. The determination of the incremental borrowing rate requires judgment. The Company determines the incremental borrowing rate using the Company’s current secured borrowing rate. The Company elected the short-term lease recognition exemption for all leases that qualify. Therefore, leases with an initial term of twelve months or less are not recorded on the consolidated balance sheet; instead, lease payments are recognized as lease expenses on a straight-line basis over the lease term. See Note 12 for additional details. Operating lease assets and liabilities are recognized for leases with lease terms greater than 12 months based on the present value of the future lease payments over the lease term at the commencement date. Operating lease expense is recognized on a straight-line basis over the lease term.
Long-Lived Assets	Long-Lived Assets The Company evaluates the carrying value of long-lived assets, including license agreements and other intangible assets, when events and circumstances indicate that these assets may be impaired or in order to determine whether any revision to the related useful lives should be made. This evaluation is based on management’s projections of the undiscounted future cash flows associated with each product or asset. If management’s evaluation indicates that the carrying values of these assets are impaired, the impairment to be recognized is measured by the amount by which the carrying amount of the assets exceeds the fair value of the assets.
Capitalized Software Development Costs	Capitalized Software Development Costs Costs incurred for the development of software that will be sold, leased, or otherwise marketed are capitalized when technological feasibility has been established. Software development costs consist primarily of compensation of development personnel and related overhead incurred to develop new products and upgrade and enhance the Company’s current products, as well as fees paid to outside consultants. Capitalization of software development costs ceases and amortization of capitalized software development costs commences when the products are available for general release. Amortization expense of capitalized development costs would be included in research and development in the consolidated statements of other comprehensive income (loss). For the twelve months ended September 30, 2024, 2023, and 2022, no software development costs were capitalized because the time period and costs incurred between technological feasibility and general release for all software product releases were not material or were not realizable. The Company had no amortization expense from capitalized software costs during the twelve months ended September 30, 2024, 2023, or 2022. Qualifying costs related to software acquired, developed, or modified solely to meet the Company’s internal requirements, with no substantive plans to market such software at the time of development, are capitalized. Costs incurred during the preliminary planning and evaluation stage of the project and during the post-implementation operational stage are expensed as incurred. Costs incurred during the application development stage of the project are capitalized. The Company defines the design, configuration, and coding process as the application development stage.
Goodwill and Purchased Intangible Assets	Goodwill and Purchased Intangible Assets The Company’s goodwill and intangible assets resulted from prior acquisitions. Goodwill and intangible assets with indefinite useful lives are not amortized, but are tested for impairment at least annually or as circumstances indicate that their value may no longer be recoverable. In accordance with ASC Topic 350, Intangibles—Goodwill and Other (“ASC Topic 350”), the Company reviews its goodwill for impairment at least annually in its fiscal fourth quarter and more frequently if events or changes in circumstances occur that indicate a potential reduction in the fair value of its reporting unit and/or its indefinite-lived intangible asset below their respective carrying values. Examples of such events or circumstances include: a significant adverse change in legal factors or in the business climate, a significant decline in the Company’s stock price, a significant decline in the Company’s projected revenue or cash flows, an adverse action or assessment by a regulator, unanticipated competition, a loss of key personnel, or the presence of other indicators that would indicate a reduction in the fair value of a reporting unit. The Company’s goodwill is considered to be impaired if management determines that the carrying value of the reporting unit to which the goodwill has been assigned exceeds management’s estimate of its fair value. Based on the guidance provided by ASC Topic 350 and ASC Topic 280, Segment Reporting, management has determined that the Company operates in one segment and consists of one reporting unit. Management uses its market capitalization as of the test date of July 1 as an approximation of the fair value of the reporting unit. In the fourth quarter of fiscal 2024, management completed its annual goodwill impairment test and concluded that the Company’s goodwill was not impaired. Intangible assets are amortized over their useful lives. Each period, the Company evaluates the estimated remaining useful life of its intangible assets and whether events or changes in circumstances warrant a revision to the remaining period of amortization. The carrying amounts of these assets are periodically reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of these assets may not be recoverable. Recoverability of these assets is measured by comparing the carrying amount of each asset group to the future undiscounted cash flows the asset is expected to generate. The carrying amount of such assets is reduced to fair value if the undiscounted cash flows used in the test for recoverability are less than the carrying amount of such assets.
Segment Reporting	Segment Reporting FASB ASC Topic 280, Segment Reporting, requires the use of a management approach in identifying segments of an enterprise. During the twelve months ended September 30, 2024, management determined that the Company has only one operating segment: the development, sale, and service of proprietary software solutions related to mobile imaging. The Company’s chief operating decision maker is comprised of its Chief Executive Officer and Chief Financial Officer, who review financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources.
Other Borrowings	Other Borrowings The Company has certain loan agreements with Spanish government agencies which were assumed when the Company acquired ICAR Vision Systems, S.L. (“ICAR”) in 2017. These agreements have repayment periods of five to twelve years and bear no interest.
Guarantees	Guarantees In the ordinary course of business, the Company is not subject to potential obligations under guarantees that fall within the scope of FASB ASC Topic 460, Guarantees (“ASC 460”), except for standard indemnification and warranty provisions that are contained within many of the Company’s customer license and service agreements and certain supplier agreements, and give rise only to the disclosure requirements prescribed by ASC 460. Indemnification and warranty provisions contained within the Company’s customer license and service agreements and certain supplier agreements are generally consistent with those prevalent in the Company’s industry. The Company has not historically incurred significant obligations under customer indemnification or warranty provisions and does not expect to incur significant obligations in the future. Accordingly, the Company does not maintain accruals for potential customer indemnification or warranty-related obligations.
Income Taxes	Income Taxes The Company accounts for income taxes in accordance with FASB ASC Topic 740, Income Taxes (“ASC 740”). Deferred tax assets and liabilities arise from temporary differences between the tax bases of assets and liabilities and their reported amounts in the financial statements that will result in taxable or deductible amounts in future years. Management evaluates the available evidence about future taxable income and other possible sources of realization of deferred tax assets. The valuation allowance reduces deferred tax assets to an amount that represents management’s best estimate of the amount of such deferred tax assets that more likely than not will be realized. See Note 9 for additional details. The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by the tax authorities, based on the technical merits of the position. The tax benefit is measured based on the largest benefit that has a greater than 50% likelihood of being realized upon ultimate settlement. The Company recognizes interest and penalties related to income tax matters in income tax benefit (provision) in the consolidated statements of operations and comprehensive income (loss). See Note 9 for additional details.
Stock-Based Compensation	Stock-Based Compensation The Company issues RSUs, stock options, Performance options, and Performance RSUs as awards to its employees. Stock-based compensation expense is measured based on the closing stock price of its common stock, par value $0.001 (“Common Stock”) on the date of grant for RSUs. Additionally, eligible employees may participate in the Company’s ESPP. Employee stock awards are measured at fair value on the date of grant and expense is recognized using the straight-line single-option method in accordance with FASB ASC Topic 718, Compensation—Stock Compensation (“ASC 718”). Forfeitures are recorded as they occur. The Company estimates the fair value of stock options and ESPP shares using the Black-Scholes option pricing model. The Black-Scholes option pricing model requires subjective assumptions, including future stock price volatility and expected time to exercise, which greatly affect the calculated values. The expected term of options granted is derived from historical data on employee exercises and post-vesting employment termination behavior. The risk-free rate selected to value any particular grant is based on the U.S. Treasury rate that corresponds to the expected life of the grant effective as of the date of the grant. The expected volatility is based on the historical volatility of the Company’s stock price. The Company issues shares upon settlement of employee awards from the available shares of the equity plan the award was granted from and does not repurchase shares in subsequent periods. These factors could change in the future, affecting the determination of stock-based compensation expense in future periods. The Company estimates the fair value of Performance options, Performance RSUs, and similar awards using the Monte-Carlo simulation. The Monte-Carlo simulation requires subjective assumptions, including the Company’s valuation date stock price, the annual risk-free interest rate, expected volatility, the probability of reaching the stock performance targets, and a 20-trading-day average stock price.
Advertising Expense	Advertising Expense Advertising costs are expensed as incurred
Research and Development	Research and Development Research and development costs are expensed in the period incurred.
Comprehensive Income (Loss)	Comprehensive Income (Loss) Comprehensive income (loss) consists of net income (loss), unrealized gains and losses on available-for-sale securities, and foreign currency translation adjustments.
Recently Adopted Accounting Pronouncements and Recently Issued Accounting Pronouncements	Recently Adopted Accounting Pronouncements The Company did not adopt any new accounting pronouncements in the twelve months ended September 30, 2024. Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures” (“ASU 2023-07”), which requires additional operating segment disclosures in annual and interim consolidated financial statements. ASU 2023-07 is effective for annual periods beginning after December 15, 2023 and for interim periods beginning after December 15, 2024 on a retrospective basis, with early adoption permitted. The Company is evaluating the effect of adopting ASU 2023-07. In December 2023, the FASB issued an Accounting Standards Update (“ASU”) 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures amending existing income tax disclosure guidance, primarily requiring more detailed disclosure for income taxes paid and the effective tax rate reconciliation. The ASU is effective for annual reporting periods beginning after December 15, 2024, with early adoption permitted and can be applied on either a prospective or retroactive basis. The Company is currently evaluating the ASU to determine its impact on its income tax disclosures. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting (ASU 2020-04) and also issued subsequent amendments to the initial guidance (collectively, Topic 848). Topic 848 provides optional guidance for contract modifications and certain hedging relationships associated with the transition from reference rates that are expected to be discontinued. The Company will adopt Topic 848 when the relevant contracts are modified upon transition to alternative reference rates. The Company does not expect the adoption of Topic 848 will have a material impact on the consolidated financial statements. No other new accounting pronouncement issued or effective during the twelve months ended September 30, 2024 had, or are expected to have, a material impact on the Company’s consolidated financial statements.

STOCKHOLDERS’ EQUITY - Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense included in expenses	$ 12,624	$ 10,463	$ 13,346
Cost of revenue
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense included in expenses	574	468	289
Selling and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense included in expenses	3,041	3,023	4,383
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense included in expenses	3,368	2,757	3,701
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense included in expenses	$ 5,641	$ 4,215	$ 4,973

STOCKHOLDERS’ EQUITY - Narrative (Details) - USD ($)		12 Months Ended
STOCKHOLDERS’ EQUITY - Narrative (Details) - USD ($)	Nov. 06, 2018	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	May 13, 2024	Oct. 02, 2023	Sep. 30, 2021	Jan. 31, 2020	Mar. 07, 2018	Mar. 10, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to options outstanding		$ 21,800,000
Weighted average period for unrecognized compensation expense expected to be recognized		2 years 2 months 12 days
Options to purchase common stock outstanding (in shares)		461,710	651,269	781,092			816,717
Recognized compensation expense		$ 12,624,000	$ 10,463,000	$ 13,346,000
Options granted (in shares)		0	0	0
Amount authorized under share repurchase program					$ 50,000,000
Amount of shares repurchased		$ 24,200,000
Number of shares repurchased (in shares)		2,247,504
Average price of shares repurchased (in dollars per share)		$ 10.78
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period for unrecognized compensation expense expected to be recognized		2 years 3 months 18 days
Awards outstanding (in shares)		2,453,630	2,188,296	2,441,677			2,411,267
Recognized compensation expense		$ 9,800,000	$ 7,100,000	$ 9,400,000
Unrecognized compensation expense		$ 17,800,000
Performance RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period for unrecognized compensation expense expected to be recognized		1 year 8 months 12 days
Awards outstanding (in shares)		699,458	730,393	919,456			528,724
Recognized compensation expense		$ 1,700,000	$ 2,700,000	$ 3,000,000
Unrecognized compensation expense		3,800,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense		0	400,000	500,000
Unrecognized compensation expense related to options outstanding		0
Performance Options \| Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock reserved for future grants (in shares)	800,000
Recognized compensation expense		$ 1,000,000	0	100,000
Exercise price per share (in dollars per share)	$ 9.50
2020 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance (in shares)						5,108,000		9,608,000
Number of common stock reserved for future grants (in shares)		4,671,484
2020 Plan \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)		2,281,943
2020 Plan \| Performance RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)		699,458
Prior Plans
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance (in shares)								107,903
Options to purchase common stock outstanding (in shares)		244,531
Prior Plans \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards outstanding (in shares)		0
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense related to options outstanding		$ 200,000
Weighted average period for unrecognized compensation expense expected to be recognized		4 months 24 days
Common stock reserved for issuance (in shares)									1,000,000
Number of common stock reserved for future grants (in shares)		182,131
Issuance of common stock under employee stock purchase plan (in shares)		817,869
Discount rate from market price offering date		15.00%
Recognized compensation expense		$ 200,000	$ 300,000	$ 400,000
Director Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance (in shares)										1,500,000
Number of common stock reserved for future grants (in shares)		0
Director Plan \| RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options to purchase common stock outstanding (in shares)		166,986

BUSINESS COMBINATIONS - Narrative (Details) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Mar. 23, 2022	Jul. 31, 2022	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Amortization and acquisition-related costs			$ 15,291	$ 19,046	$ 15,172
Consideration paid for acquisition, net of cash acquired			$ 0	$ 267	$ 122,672
HooYu Ltd
Business Acquisition [Line Items]
Percentage of voting interests acquired (as a percent)	100.00%
Initial cash payment paid for acquisition	$ 129,100	$ 400
Fair value of earnout consideration	1,600
Amortization and acquisition-related costs	3,200
Payments to sellers and third-party legal and investment advisors	127,500
Consideration paid for acquisition, net of cash acquired	500
Goodwill expected to be deductible for income tax purposes	$ 0

FAIR VALUE MEASUREMENT (Tables)

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

Schedule of Fair Value Hierarchy of The Company’s Investments

The following tables represent the fair value hierarchy of the Company’s investments as of September 30, 2024 and 2023, respectively (amounts in thousands):


September 30, 2024	Balance		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments:
U.S. Treasury	$	3,836	$	—	$	3,836	$	—
Commercial paper	15,984		—		15,984		—

Corporate debt securities	17,064		—		17,064		—
Total short-term investments at fair value	36,884		—		36,884		—
Long-term investments:



Corporate debt securities	11,410		—		11,410		—
Total long-term investments at fair value	11,410		—		11,410		—



Total assets at fair value	$	48,294	$	—	$	48,294	$	—


September 30, 2023	Balance		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments:
U.S. Treasury	$	40,254	$	40,254	$	—	$	—


Corporate debt securities	34,446		—		34,446		—
Total short-term investments at fair value	74,700		40,254		34,446		—
Long-term investments:
U.S. Treasury	1,304		1,304		—		—


Total long-term investments at fair value	1,304		1,304		—		—



Total assets at fair value	$	76,004	$	41,558	$	34,446	$	—

Liabilities:
Current liabilities:
Acquisition-related contingent consideration	$	7,976	$	—	$	7,976	$	—



Total liabilities at fair value	$	7,976	$	—	$	7,976	$	—

Schedule of Acquisition-related Contingent Consideration Measured at Fair Value

The following table includes a roll-forward of the contingent consideration liability (amounts in thousands):


Balance at September 30, 2022	$	5,920
Expenses recorded due to changes in fair value	2,056
Balance at September 30, 2023	7,976
Expenses recorded due to changes in fair value	136
Cash payment of contingent consideration associated with the ID R&D Acquisition	(4,641)
Issuance of common stock as contingent consideration associated with the ID R&D Acquisition	(3,471)
Balance at September 30, 2024	$	—

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Total revenue	$ 172,083	$ 172,552	$ 144,804
Operating costs and expenses
Selling and marketing	40,769	40,551	38,841
Research and development	34,642	28,988	30,192
General and administrative	52,993	43,338	26,591
Amortization and acquisition-related costs	15,291	19,046	15,172
Restructuring costs	1,762	2,114	1,800
Total operating costs and expenses	169,852	156,988	132,604
Operating income (loss)	2,231	15,564	12,200
Interest expense	9,259	9,063	8,232
Other income (expense), net	6,119	3,840	(366)
Income (loss) before income taxes	(909)	10,341	3,602
Income tax benefit (provision)	4,187	(2,314)	92
Net income (loss)	$ 3,278	$ 8,027	$ 3,694
Net income (loss) per share—basic (in dollars per share)	$ 0.07	$ 0.18	$ 0.08
Net income (loss) per share—diluted (in dollars per share)	$ 0.07	$ 0.17	$ 0.08
Shares used in calculating net income (loss) per share—basic (in shares)	46,560	45,533	44,595
Shares used in calculating net income (loss) per share—diluted (in shares)	47,468	46,461	45,780
Comprehensive income (loss)
Net income (loss)	$ 3,278	$ 8,027	$ 3,694
Other comprehensive income (loss), net of tax
Foreign currency translation adjustment	11,634	13,093	(27,559)
Unrealized gain (loss) on investments, net of tax of $93, $273, and $87	301	889	283
Other comprehensive income (loss), net of tax	11,935	13,982	(27,276)
Comprehensive income (loss)	15,213	22,009	(23,582)
Software and hardware
Total revenue	81,872	88,374	72,928
Operating costs and expenses
Cost of revenue	309	1,413	1,576
Services and other
Total revenue	90,211	84,178	71,876
Operating costs and expenses
Cost of revenue	$ 24,086	$ 21,538	$ 18,432

REVENUE CONCENTRATION - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Concentration Risk [Line Items]
Revenue	$ 172,083	$ 172,552	$ 144,804
Accounts receivable, net	31,682	32,132	35,922
All other countries
Concentration Risk [Line Items]
Revenue	19,132	37,595	31,305
Revenue \| Customer Concentration Risk
Concentration Risk [Line Items]
Revenue	$ 29,600	$ 27,700	$ 25,000
Revenue \| Customer Concentration Risk \| Customer One
Concentration Risk [Line Items]
Concentration risk (as a percent)	17.00%	16.00%	17.00%
Accounts Receivable \| Customer Concentration Risk
Concentration Risk [Line Items]
Accounts receivable, net	$ 5,500	$ 2,700	$ 8,000
Long-Term Assets \| Geographic Concentration Risk \| All other countries
Concentration Risk [Line Items]
Concentration risk (as a percent)	78.00%	76.00%
Long-Term Assets, Excluding Goodwill and Intangible Assets \| Geographic Concentration Risk \| All other countries
Concentration Risk [Line Items]
Concentration risk (as a percent)	19.00%	23.00%

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of Property and Equipment (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 9,042	$ 10,607
Less: accumulated depreciation and amortization	(6,478)	(7,778)
Total property and equipment, net	2,564	2,829
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	1,195	2,612
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	2,797	3,657
Capitalized software development costs
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	4,343	3,610
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property, plant and equipment, at cost	$ 707	$ 728

GOODWILL AND INTANGIBLE ASSETS - Schedule of Estimated Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 14,467
2026	13,199
2027	11,982
2028	10,209
2029	4,280
Total	$ 54,137	$ 64,674

NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Potentially Dilutive Common Shares Excluded from Calculation of Net Income per Share (Details) - shares shares in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	17,868	17,817	17,273
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	335	437	506
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	1,646	1,455	960
ESPP common stock equivalents
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	8	6	7
Performance options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	680	755	623
Performance RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	303	268	281
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	7,448	7,448	7,448
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive common shares outstanding (in shares)	7,448	7,448	7,448

STOCKHOLDERS’ EQUITY (Tables)

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Stock-Based Compensation Expense

The following table summarizes stock-based compensation expense related to RSUs, Performance RSUs, stock options, and ESPP shares for the twelve months ended September 30, 2024, 2023, and 2022, which were allocated as follows (amounts in thousands):


	2024		2023		2022
Cost of revenue	$	574	$	468	$	289
Selling and marketing	3,041		3,023		4,383
Research and development	3,368		2,757		3,701
General and administrative	5,641		4,215		4,973
Stock-based compensation expense included in expenses	$	12,624	$	10,463	$	13,346

Schedule of Stock Option Activity

The following table summarizes stock option activity under the Company’s equity plans during the twelve months ended September 30, 2024, 2023, and 2022:


	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at September 30, 2021	816,717	$	7.42	5.8	$	9,046
Granted	—	—
Exercised	(35,625)	6.68			279
Canceled	—	—
Outstanding at September 30, 2022	781,092	7.46		3.7	1,512
Granted	—	—
Exercised	(98,952)	7.44			338
Canceled	(30,871)	9.49
Outstanding at September 30, 2023	651,269	7.37		3.6	2,185
Granted	—	—
Exercised	(189,559)	5.82			976
Canceled	—	—
Outstanding at September 30, 2024	461,710	8.00		2.7	1,183
Vested and Expected to Vest at September 30, 2024	461,710	8.00		2.7	1,183
Exercisable at September 30, 2024	461,710	$	8.00	2.7	$	1,183

Schedule of RSU Activity

The following table summarizes RSU activity under the Company’s equity plans during the twelve months ended September 30, 2024, 2023, and 2022:


	Number of Shares	Weighted- Average Fair Value Per Share
Outstanding at September 30, 2021	2,411,267	$	9.99
Granted	1,272,917	14.43
Settled	(898,178)	9.57
Canceled	(344,329)	11.16
Outstanding at September 30, 2022	2,441,677	12.29
Granted	1,101,925	10.24
Settled	(665,635)	11.33
Canceled	(689,671)	12.49
Outstanding at September 30, 2023	2,188,296	11.49
Granted	1,439,138	11.13
Settled	(731,212)	11.13
Canceled	(442,592)	12.09
Outstanding at September 30, 2024	2,453,630	$	11.25

Schedule of Performance RSU Activity

The following table summarizes Performance RSU activity under the Company’s equity plans during the twelve months ended September 30, 2024, 2023, and 2022:


	Number of Shares	Weighted- Average Fair Market Value Per Share
Outstanding at September 30, 2021	528,724	$	9.17
Granted	629,279	15.60
Settled	(176,864)	8.42
Canceled	(61,683)	13.51
Outstanding at September 30, 2022	919,456	13.43
Granted	325,837	10.23
Settled	(27,245)	9.25
Canceled	(487,655)	11.61
Outstanding at September 30, 2023	730,393	13.37
Granted	818,587	11.12
Settled	(232,969)	10.11
Canceled	(616,553)	12.24
Outstanding at September 30, 2024	699,458	$	12.82

REVENUE RECOGNITION - Contract Balances (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 31,682	$ 32,132	$ 35,922
Contract assets, current	15,818	18,355	7,037
Contract assets, non-current	3,620	5,579	4,218
Contract liabilities (deferred revenue), current	21,231	17,360	21,350
Contract liabilities (deferred revenue), non-current	$ 753	$ 957	$ 1,775

RESTRUCTURING (Details) - USD ($) $ in Thousands	12 Months Ended
RESTRUCTURING (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Restructuring reserve, beginning balance	$ 0	$ 901
Additional costs incurred	1,762	2,109
Payments	(1,762)	(3,070)
Foreign currency effect on the restructuring accrual		60
Restructuring reserve, ending balance	$ 0	$ 0

INVESTMENTS

12 Months Ended

Sep. 30, 2024

Investments, Debt and Equity Securities [Abstract]

INVESTMENTS

5. INVESTMENTS

The following tables summarize investments by type of security as of September 30, 2024 and 2023, respectively (amounts in thousands):


September 30, 2024:	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Available-for-sale securities:
U.S. Treasury, short-term	$	3,841	$	1	$	(6)	$	3,836

Commercial paper, short-term	15,964		20		—		15,984
Corporate debt securities, short-term	17,008		56		—		17,064


Corporate debt securities, long-term	11,328		84		(2)		11,410
Total	$	48,141	$	161	$	(8)	$	48,294


September 30, 2023:	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Market Value
Available-for-sale securities:
U.S. Treasury, short-term	$	40,329	$	1	$	(76)	$	40,254


Corporate debt securities, short-term	34,545		—		(99)		34,446
U.S. Treasury, long-term	1,371		—		(67)		1,304


Total	$	76,245	$	1	$	(242)	$	76,004

No other-than-temporary impairment charges were recognized in the twelve months ended September 30, 2024, 2023, and 2022. The Company had no realized gain or loss from the sale of available-for-sale securities during each of the twelve months ended September 30, 2024 and 2023. The Company realized a $0.3 million loss from the sale of available-for-sale securities during the twelve months ended September 30, 2022. This amount was reclassified to the statement of operations and comprehensive income (loss) net of a tax benefit of $0.1 million.

The following table summarizes the fair market value and net carrying value of the available-for-sale securities by contractual maturity (amounts in thousands):


	Available-for-sale securities
	Cost		Fair Market Value
Due within 1 year	$	36,813	$	36,884
Due in 1 to 5 years	11,328		11,410

Total	$	48,141	$	48,294

STOCKHOLDERS’ EQUITY - Performance RSU Activity (Details) - Performance RSUs - $ / shares	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Number of Shares
Beginning balance (in shares)	730,393	919,456	528,724
Granted (in shares)	818,587	325,837	629,279
Settled (in shares)	(232,969)	(27,245)	(176,864)
Canceled (in shares)	(616,553)	(487,655)	(61,683)
Ending balance (in shares)	699,458	730,393	919,456
Weighted- Average Fair Market Value Per Share
Beginning balance (in dollars per share)	$ 13.37	$ 13.43	$ 9.17
Granted (in dollars per share)	11.12	10.23	15.60
Settled (in dollars per share)	10.11	9.25	8.42
Canceled (in dollars per share)	12.24	11.61	13.51
Ending balance (in dollars per share)	$ 12.82	$ 13.37	$ 13.43

STOCKHOLDERS’ EQUITY

12 Months Ended

Sep. 30, 2024

Equity [Abstract]

STOCKHOLDERS' EQUITY

8. STOCKHOLDERS’ EQUITY

Stock-Based Compensation Expense


	2024		2023		2022
Cost of revenue	$	574	$	468	$	289
Selling and marketing	3,041		3,023		4,383
Research and development	3,368		2,757		3,701
General and administrative	5,641		4,215		4,973
Stock-based compensation expense included in expenses	$	12,624	$	10,463	$	13,346

As of September 30, 2024, the Company had $21.8 million of unrecognized compensation expense expected to be recognized over a weighted-average period of approximately 2.2 years.

2020 Incentive Plan

In January 2020, the Company’s Board of Directors (the “Board”) adopted the Mitek Systems, Inc. 2020 Incentive Plan (the “2020 Plan”) upon the recommendation of the Compensation Committee of the Board. On March 4, 2020, the Company’s stockholders approved the 2020 Plan. The total number of shares of Common Stock reserved for issuance under the 2020 Plan is 9,608,000 shares plus such number of shares, not to exceed 107,903, as remained available for issuance under the 2002 Stock Option Plan, 2006 Stock Option Plan, 2010 Stock Option Plan, and 2012 Incentive Plan (collectively, the “Prior Plans”) as of January 17, 2020, plus any shares underlying awards under the Prior Plans that are terminated, forfeited, cancelled, expire unexercised or are settled in cash after January 17, 2020. As of September 30, 2024, (i) 2,281,943 RSUs and 699,458 Performance RSUs were outstanding under the 2020 Plan, (ii) 4,671,484 shares of Common Stock were reserved for future grants under the 2020 Plan, and (iii) stock options to purchase an aggregate of 244,531 shares of Common Stock and no RSUs were outstanding under the Prior Plans.

On October 2, 2023, the Company held an annual meeting of its stockholders (the “Annual Meeting”). At the Annual Meeting, the Company’s stockholders approved an amendment and restatement of the 2020 Plan to increase the number of shares authorized for issuance thereunder by 5,108,000 shares (the 2020 Plan as so amended and restated, the “A&R 2020 Plan”).

The A&R 2020 Plan had been previously approved, subject to stockholder approval, by the Board, upon recommendation of the Compensation Committee of the Board, on August 9, 2023. A summary of the A&R 2020 Plan was included in the Company’s definitive proxy statement for the Annual Meeting filed with the U.S. Securities and Exchange Commission on August 22, 2023, as supplemented and amended on September 19, 2023 (the “Proxy Statement”).

Employee Stock Purchase Plan

In January 2018, the Board adopted the ESPP. On March 7, 2018, the Company’s stockholders approved the ESPP. The total number of shares of Common Stock reserved for issuance thereunder is 1,000,000 shares. As of September 30, 2024, (i) 817,869 shares have been issued to participants pursuant to the ESPP and (ii) 182,131 shares of Common Stock were reserved for future purchases under the ESPP. The Company commenced the initial offering period on April 2, 2018.

The ESPP enables eligible employees to purchase shares of Common Stock at a discount from the market price through payroll deductions, subject to certain limitations. Eligible employees may elect to participate in the ESPP only during an open enrollment period. The offering period immediately follows the open enrollment window, at which time ESPP contributions are withheld from the participant's regular paycheck. The ESPP provides for a 15% discount on the market value of the stock at the lower of the grant date

price (first day of the offering period) and the purchase date price (last day of the offering period). The Company recognized $0.2 million, $0.3 million and $0.4 million in stock-based compensation expense related to the ESPP during each of the twelve months ended September 30, 2024, 2023, and 2022, respectively. As of September 30, 2024, the Company had $0.2 million of unrecognized compensation expense related to the ESPP, which is expected to be recognized over a weighted-average period of approximately 0.4 years.

Director Restricted Stock Unit Plan

In January 2011, the Board adopted the Mitek Systems, Inc. Director Restricted Stock Unit Plan, as amended and restated (the “Director Plan”). On March 10, 2017, the Company's stockholders approved an amendment to the Director Plan to increase the number of shares of Common Stock available for future grants. The total number of shares of Common Stock reserved for issuance thereunder is 1,500,000 shares. The Director Plan expired on December 31, 2022. As of September 30, 2024, (i) 166,986 RSUs were outstanding under the Director Plan and (ii) no shares of Common Stock were reserved for future grants under the Director Plan.

Stock Options

The following table summarizes stock option activity under the Company’s equity plans during the twelve months ended September 30, 2024, 2023, and 2022:


	Number of Shares	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in thousands)
Outstanding at September 30, 2021	816,717	$	7.42	5.8	$	9,046
Granted	—	—
Exercised	(35,625)	6.68			279
Canceled	—	—
Outstanding at September 30, 2022	781,092	7.46		3.7	1,512
Granted	—	—
Exercised	(98,952)	7.44			338
Canceled	(30,871)	9.49
Outstanding at September 30, 2023	651,269	7.37		3.6	2,185
Granted	—	—
Exercised	(189,559)	5.82			976
Canceled	—	—
Outstanding at September 30, 2024	461,710	8.00		2.7	1,183
Vested and Expected to Vest at September 30, 2024	461,710	8.00		2.7	1,183
Exercisable at September 30, 2024	461,710	$	8.00	2.7	$	1,183

The Company recognized no stock-based compensation expense related to outstanding stock options during the twelve months ended September 30, 2024. The Company recognized $0.4 million and $0.5 million in stock-based compensation expense related to outstanding stock options during the twelve months ended September 30, 2023 and 2022, respectively. As of September 30, 2024, the Company had no unrecognized compensation expense related to outstanding stock options.

Aggregate intrinsic value represents the value of the Company’s closing stock price on the last trading day of the fiscal period in excess of the weighted-average exercise price, multiplied by the number of options outstanding and exercisable. There were no options granted during each of the twelve months ended September 30, 2024, 2023, or 2022.

Restricted Stock Units

The following table summarizes RSU activity under the Company’s equity plans during the twelve months ended September 30, 2024, 2023, and 2022:


	Number of Shares	Weighted- Average Fair Value Per Share
Outstanding at September 30, 2021	2,411,267	$	9.99
Granted	1,272,917	14.43
Settled	(898,178)	9.57
Canceled	(344,329)	11.16
Outstanding at September 30, 2022	2,441,677	12.29
Granted	1,101,925	10.24
Settled	(665,635)	11.33
Canceled	(689,671)	12.49
Outstanding at September 30, 2023	2,188,296	11.49
Granted	1,439,138	11.13
Settled	(731,212)	11.13
Canceled	(442,592)	12.09
Outstanding at September 30, 2024	2,453,630	$	11.25

The cost of RSUs is determined using the fair value of Common Stock on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $9.8 million, $7.1 million, and $9.4 million in stock-based compensation expense related to outstanding RSUs in the twelve months ended September 30, 2024, 2023, and 2022, respectively. As of September 30, 2024, the Company had $17.8 million of unrecognized compensation expense related to outstanding RSUs, which is expected to be recognized over a weighted-average period of approximately 2.3 years.

Performance Restricted Stock Units

The following table summarizes Performance RSU activity under the Company’s equity plans during the twelve months ended September 30, 2024, 2023, and 2022:


	Number of Shares	Weighted- Average Fair Market Value Per Share
Outstanding at September 30, 2021	528,724	$	9.17
Granted	629,279	15.60
Settled	(176,864)	8.42
Canceled	(61,683)	13.51
Outstanding at September 30, 2022	919,456	13.43
Granted	325,837	10.23
Settled	(27,245)	9.25
Canceled	(487,655)	11.61
Outstanding at September 30, 2023	730,393	13.37
Granted	818,587	11.12
Settled	(232,969)	10.11
Canceled	(616,553)	12.24
Outstanding at September 30, 2024	699,458	$	12.82

The cost of Performance RSUs is determined using a Monte Carlo simulation to estimate the fair value on the award date, and the compensation expense is recognized ratably over the vesting period. The Company recognized $1.7 million, $2.7 million, and $3.0 million in stock-based compensation expense related to outstanding Performance RSUs in the twelve months ended September 30, 2024, 2023, and 2022, respectively. As of September 30, 2024, the Company had $3.8 million of unrecognized compensation expense related to outstanding Performance RSUs expected to be recognized over a weighted-average period of approximately 1.7 years.

Performance Options

On November 6, 2018, as an inducement grant pursuant to Nasdaq Listing Rule 5635(c)(4), the Company’s Chief Executive Officer was granted performance options (the “Performance Options”) to purchase up to 800,000 shares of Common Stock at an exercise price of $9.50 per share, the closing market price for a share of Common Stock on the date of the grant. In November 2021, the time vesting condition was met and during the fiscal year ended September 30, 2022, the performance conditions were achieved and the Performance options vested in full. On May 31, 2024, the Company’s Chief Executive Officer was terminated and in connection with their termination the Board extended the exercise period from the standard 90 days post-termination to September 30, 2025. As a result, the Company recognized a one-time expense of $1.0 million related to the outstanding Performance Options during the twelve months ended September 30, 2024. The Company recognized no stock-based compensation expense and $0.1 million in stock-based compensation expense related to outstanding Performance Options in the twelve months ended September 30, 2023 and 2022, respectively.

Share Repurchase Program

On May 13, 2024, the Board authorized and approved a share repurchase program for up to $50 million of the currently outstanding shares of our Common Stock. The share repurchase program was effective as of May 16, 2024 and will expire on May 16, 2026. The timing, price and actual number of shares of Common Stock repurchased will depend on a variety of factors including price, market conditions and corporate and regulatory requirements. The repurchases may be made from time to time (i) through open market purchases, block trades, privately negotiated transactions, one or more trading plans adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or any combination of the foregoing, in each case in accordance with applicable laws, rules and regulations or (ii) in such other manner as will comply with the provisions of the Exchange Act. The share repurchase program does not require the Company to repurchase shares of its Common Stock and it may be discontinued, suspended or amended at any time.

The Company made purchases of $24.2 million, or approximately 2,247,504 shares, during the twelve months ended September 30, 2024 at an average price of $10.78 per share and subsequently retired the shares.

- Definition

The entire disclosure for equity.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
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+ Details

FAIR VALUE MEASUREMENT

12 Months Ended

Sep. 30, 2024

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENT

6. FAIR VALUE MEASUREMENT

FASB ASC Topic 820, Fair Value Measurements (“ASC 820”) defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under ASC 820 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under ASC 820 must maximize the use of observable inputs and minimize the use of unobservable inputs. ASC 820 describes a fair value hierarchy based on the following three levels of inputs that may be used to measure fair value, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which consists of the following:

•Level 1: Valuation is based on quoted prices (unadjusted) in active markets for identical assets or liabilities;

•Level 2: Valuation is based on observable market-based inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and

•Level 3: Valuation is based on unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following tables represent the fair value hierarchy of the Company’s investments as of September 30, 2024 and 2023, respectively (amounts in thousands):


September 30, 2024	Balance		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments:
U.S. Treasury	$	3,836	$	—	$	3,836	$	—
Commercial paper	15,984		—		15,984		—

Corporate debt securities	17,064		—		17,064		—
Total short-term investments at fair value	36,884		—		36,884		—
Long-term investments:



Corporate debt securities	11,410		—		11,410		—
Total long-term investments at fair value	11,410		—		11,410		—



Total assets at fair value	$	48,294	$	—	$	48,294	$	—


September 30, 2023	Balance		Quoted Prices in Active Markets (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets:
Short-term investments:
U.S. Treasury	$	40,254	$	40,254	$	—	$	—


Corporate debt securities	34,446		—		34,446		—
Total short-term investments at fair value	74,700		40,254		34,446		—
Long-term investments:
U.S. Treasury	1,304		1,304		—		—


Total long-term investments at fair value	1,304		1,304		—		—



Total assets at fair value	$	76,004	$	41,558	$	34,446	$	—

Liabilities:
Current liabilities:
Acquisition-related contingent consideration	$	7,976	$	—	$	7,976	$	—



Total liabilities at fair value	$	7,976	$	—	$	7,976	$	—

During the twelve months ended September 30, 2024, the Company transferred certain amounts within the fair value hierarchy. U.S. Treasury securities at September 30, 2024 are now reported as Level 2 fair value instruments rather than Level 1 based on market activity.

As of September 30, 2023, the fair value of acquisition-related contingent consideration for earnout payments associated with the acquisition of ID R&D, Inc. (the “ID R&D Acquisition”), was approximately $8.0 million. The earnout payments consisted of cash payments and issuances of Common Stock. At September 30, 2023, the fair value of contingent consideration expected to be settled in a variable number of shares of Common Stock was measured using the most recent closing price of the Company’s common stock on that date, as reported by the Nasdaq Capital Market. As the final earnout payments were known as of September 30, 2023, the inputs used to estimate the fair value of acquisition-related contingent consideration were determined to be Level 2. The contingent consideration was settled during the three months ended December 31, 2023.

The following table includes a roll-forward of the contingent consideration liability (amounts in thousands):


Balance at September 30, 2022	$	5,920
Expenses recorded due to changes in fair value	2,056
Balance at September 30, 2023	7,976
Expenses recorded due to changes in fair value	136
Cash payment of contingent consideration associated with the ID R&D Acquisition	(4,641)
Issuance of common stock as contingent consideration associated with the ID R&D Acquisition	(3,471)
Balance at September 30, 2024	$	—

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
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-Name Accounting Standards Codification
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-Paragraph 107
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-URI https://asc.fasb.org/1943274/2147482078/820-10-55-107

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+ Details

LEASES (Tables)

12 Months Ended

Sep. 30, 2024

Leases [Abstract]

Schedule of Lease Cost

The following table provides the components of lease cost recognized in the consolidated statements of operations and comprehensive income (loss) for the periods presented (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2022
Operating lease cost	$	1,784	$	2,025	$	1,881
Variable lease cost	633		319		385
Total lease cost(1)	$	2,417	$	2,344	$	2,266

1)Short-term lease costs incurred by the Company for the twelve months ended September 30, 2024, 2023 and 2022 were immaterial.

Schedule of Supplemental Cash Flow Information

Supplemental cash flow information related to leases was as follows (amounts in thousands):


	Twelve Months Ended September 30,
	2024		2023		2023
Right of use assets acquired under new operating leases	$	1,947	$	—	$	—
Cash paid for amounts included in the measurement of lease liabilities	1,960		2,368		2,135

Schedule of Assets And Liabilities, Lessee

Other information related to leases as of the balance sheet dates presented are as follows:


	Twelve Months Ended September 30,
	2024		2023
Weighted-average remaining lease term (years) - operating leases	5.3		4.3
Weighted-average discount rate - operating leases	3.6	%	3.7	%

Schedule of Maturities of Operating Lease Liabilities

Maturities of operating lease liabilities as of September 30, 2024 were as follows (amounts in thousands):


	Operating Leases
2025	$	1,008
2026	1,191
2027	1,141
2028	840
2029	664
Thereafter	843
Total lease payments	5,687
Less: amount representing interest	(652)
Present value of future lease payments	$	5,035

REVENUE RECOGNITION - Narrative (Details) - USD ($)

12 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2022

Disaggregation of Revenue [Line Items]

Revenue recognized included in contract liability balance at the beginning of the period

$ 16,900,000

$ 19,300,000

$ 10,900,000

Unbilled receivables

400,000

900,000

Amortization of costs capitalized to obtain revenue contracts

^[1]

1,662,000

1,514,000

1,306,000

Impairment losses recognized in capitalized contract costs

Selling and Marketing

Disaggregation of Revenue [Line Items]

Amortization of costs capitalized to obtain revenue contracts

1,700,000

1,500,000

$ 1,300,000

Other Current and Non-Current Assets

Disaggregation of Revenue [Line Items]

Capitalized contract costs

$ 2,700,000

$ 2,600,000

License

Disaggregation of Revenue [Line Items]

Invoice payment period (no more than)

60 days

Service and Other

Disaggregation of Revenue [Line Items]

Invoice payment period (no more than)

60 days

Minimum

Disaggregation of Revenue [Line Items]

Estimated useful lives of intangible assets (in years)

3 years

Revenue, remaining performance obligation, amount period

13 months

Minimum | Software

Disaggregation of Revenue [Line Items]

Estimated useful lives of intangible assets (in years)

1 year

Maximum

Disaggregation of Revenue [Line Items]

Estimated useful lives of intangible assets (in years)

7 years

Revenue, remaining performance obligation, amount period

36 months

Maximum | Software

Disaggregation of Revenue [Line Items]

Estimated useful lives of intangible assets (in years)

3 years

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-10-01

Disaggregation of Revenue [Line Items]

Revenue, remaining performance obligation, amount period

1 year

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-10-01

Disaggregation of Revenue [Line Items]

Revenue, remaining performance obligation, amount period

[1]	Consolidated statements of cash flows for the twelve months ended September 30, 2023 and September 30, 2022 reflect revisions and reclassifications to conform to the current year presentation.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

LEASES - Schedule of Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Right of use assets acquired under new operating leases	$ 1,947	$ 0	$ 0
Cash paid for amounts included in the measurement of lease liabilities	$ 1,960	$ 2,368	$ 2,135

STOCKHOLDERS’ EQUITY - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2021
Number of Shares
Outstanding, beginning balance (in shares)	651,269	781,092	816,717
Granted (in shares)	0	0	0
Exercised (in shares)	(189,559)	(98,952)	(35,625)
Canceled (in shares)	0	(30,871)	0
Outstanding, ending balance (in shares)	461,710	651,269	781,092	816,717
Weighted- Average Exercise Price
Outstanding, beginning balance (in dollars per share)	$ 7.37	$ 7.46	$ 7.42
Granted (in dollars per share)	0	0	0
Exercised (in dollars per share)	5.82	7.44	6.68
Canceled (in dollars per share)	0	9.49	0
Outstanding, ending balance (in dollars per share)	$ 8.00	$ 7.37	$ 7.46	$ 7.42
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Additional Disclosures [Abstract]
Vested and expected to vest (in shares)	461,710
Exercisable (in shares)	461,710
Vested and expected to vest, weighted-average exercise price (in dollars per share)	$ 8.00
Exercisable, weighted-average exercise price (in dollars per share)	$ 8.00
Outstanding, weighted-average remaining contractual terms (in years)	2 years 8 months 12 days	3 years 7 months 6 days	3 years 8 months 12 days	5 years 9 months 18 days
Vested and expected to vest, weighted-average remaining contractual term (in years)	2 years 8 months 12 days
Exercisable, weighted-average remaining contractual term (in years)	2 years 8 months 12 days
Outstanding, aggregate intrinsic value	$ 1,183	$ 2,185	$ 1,512	$ 9,046
Exercised, aggregate intrinsic value	976	$ 338	$ 279
Vested and expected to vest, aggregate intrinsic value	1,183
Exercisable, aggregate intrinsic value	$ 1,183

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

12 Months Ended

Sep. 30, 2024

Sep. 30, 2023

Sep. 30, 2022

Operating activities:

Net income (loss)

$ 3,278

$ 8,027

$ 3,694

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Stock-based compensation expense

12,624

10,463

13,346

Amortization of intangible assets

15,156

16,992

13,547

Amortization of costs capitalized to obtain revenue contracts

^[1]

1,662

1,514

1,306

Depreciation and amortization

1,755

1,727

1,401

Bad debt expense

^[1]

647

737

469

Amortization of investment premiums & other

(2,624)

(722)

1,684

Accretion and amortization on debt securities

8,085

7,546

7,053

Net changes in estimated fair value of acquisition-related contingent consideration

136

2,056

(1,358)

Deferred taxes

(10,434)

(5,496)

(8,988)

Changes in assets and liabilities, net of acquisitions:

Accounts receivable

^[1]

489

3,579

(19,473)

Contract assets

4,600

(12,471)

(3,095)

Other assets

^[1]

(1,534)

(2,638)

(889)

Accounts payable

(450)

2,535

2,183

Accrued payroll and related taxes

240

(2,195)

Income taxes payable

(4,560)

5,577

422

Deferred revenue

3,221

(5,217)

9,950

Restructuring accrual

(977)

991

Other liabilities

(603)

(1,664)

1,071

Net cash provided by (used in) operating activities

31,688

31,586

21,119

Investing activities:

Purchases of investments

(62,433)

(71,733)

(47,818)

Maturities of investments

^[1]

92,617

66,250

90,822

Sales of investments

^[1]

82,494

Acquisitions, net of cash acquired

(267)

(122,672)

Purchases of property and equipment, net

(1,438)

(1,034)

(1,126)

Net cash provided by (used in) investing activities

28,746

(6,784)

1,700

Financing activities:

Payment of revolving credit line issuance costs

(290)

Proceeds from the issuance of equity plan common stock

1,889

1,737

1,725

Repurchases and retirements of common stock

(24,180)

(15,176)

Payment of acquisition-related contingent consideration

(4,641)

(7,656)

Proceeds from other borrowings

1,496

Principal payments on other borrowings

(156)

(36)

Net cash provided by (used in) financing activities

(25,882)

1,701

(21,143)

Foreign currency effect on cash and cash equivalents

(9)

351

Net increase in cash and cash equivalents

34,543

26,854

1,747

Cash and cash equivalents at beginning of period

58,913

32,059

30,312

Cash and cash equivalents at end of period

93,456

58,913

32,059

Supplemental disclosures of cash flow information:

Cash paid for interest

1,274

1,413

1,164

Cash paid for income taxes

11,989

3,836

750

Supplemental disclosures of non-cash investing and financing activities:

Reclassification of convertible senior notes hedge and embedded conversion derivative to additional paid-in capital

28,516

Acquisition-related shares issued

3,471

1,836

Unrealized holding gain (loss) on available-for-sale investments

$ 301

$ 889

$ 283

[1]	Consolidated statements of cash flows for the twelve months ended September 30, 2023 and September 30, 2022 reflect revisions and reclassifications to conform to the current year presentation.