v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Mar. 31, 2025
Current assets    
Cash, cash equivalents, and restricted cash $ 39,284 $ 40,084
Accounts receivable, net 205,904 181,770
Prepaid expenses 6,118 6,923
Value-added tax receivable 9,695 8,291
Other current assets 7,978 5,711
Total current assets 268,979 242,779
Property and equipment, net 48,463 46,966
Right-of-use assets 8,455 9,924
Intangible assets, net 235,836 257,697
Goodwill 223,788 221,741
Other non-current assets 33,144 33,747
TOTAL ASSETS 818,665 812,854
Current liabilities    
Accounts payable 112,073 139,944
Accrued revenue share 80,447 35,264
Accrued compensation 13,125 7,503
Acquisition purchase price liabilities 854 1,697
Short-term debt, net of debt discount and issuance costs 2,688 0
Other current liabilities 35,319 38,118
Total current liabilities 244,506 222,526
Long-term debt, net of debt discount and issuance costs 393,753 408,687
Derivative liabilities 6,002 0
Deferred tax liabilities, net 16,631 16,308
Other non-current liabilities 9,647 11,375
Total liabilities 670,539 658,896
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred stock 100 100
Common stock 10 10
Additional paid-in capital 920,336 892,665
Treasury stock (758,125 shares at September 30, 2025, and March 31, 2025) (71) (71)
Accumulated other comprehensive loss (49,308) (51,304)
Accumulated deficit (722,941) (687,442)
Total stockholders’ equity 148,126 153,958
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 818,665 $ 812,854

Source