v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net (loss) income $ (14,104) $ (25,156)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 23,337 20,819
Non-cash interest expense 1,154 301
Allowance for credit losses 788 214
Stock-based compensation expense 6,267 8,168
Foreign exchange transaction loss (gain) 914 (818)
Non-cash lease expense 790 742
(Increase) decrease in assets:    
Accounts receivable, gross (22,917) (5,116)
Prepaid expenses 595 813
Value-added tax receivable (368) (1,772)
Other current assets (727) 372
Right-of-use asset (141) (321)
Other non-current assets 291 514
Increase (decrease) in liabilities:    
Accounts payable (26,939) 9,058
Accrued revenue share 44,493 (7,556)
Accrued compensation 2,112 (299)
Other current liabilities (6,276) 619
Deferred income taxes 797 (2,074)
Other non-current liabilities (1,278) 140
Net cash provided by (used in) operating activities 8,788 (1,352)
Cash flows from investing activities    
Capital expenditures (7,616) (5,931)
Net cash used in investing activities (7,616) (5,931)
Cash flows from financing activities    
Proceeds from borrowings 0 17,000
Payment of debt issuance costs (9,298) 0
Payment of deferred business acquisition consideration (534) 0
Repayment of debt obligations (40) (7,000)
Payment of withholding taxes for net share settlement of equity awards (144) (48)
Options exercised 1,560 14
Net cash provided by (used in) financing activities (8,456) 9,966
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 1,332 (559)
Net change in cash, cash equivalents, and restricted cash (5,952) 2,124
Cash, cash equivalents, and restricted cash, beginning of period 40,084 33,605
Cash, cash equivalents, and restricted cash, end of period 34,132 35,729
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 33,427 35,042
Restricted cash 705 687
Total cash, cash equivalents and restricted cash 34,132 35,729
Supplemental disclosure of cash flow information    
Interest paid 8,665 8,104
Income taxes paid 3,066 703
Supplemental disclosure of non-cash activities    
Assets acquired not yet paid 326 403
Right-of-use assets acquired under operating leases 0 888
Fair value of unpaid contingent consideration in connection with business acquisitions $ 644 $ 1,015

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