Quarterly report pursuant to Section 13 or 15(d)

Property and Equipment

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Property and Equipment
 9 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
December 31, 2024 March 31, 2024
Computer-related equipment $ 7,885  $ 7,057 
Developed software 109,031  88,258 
Furniture and fixtures 1,983  2,069 
Leasehold improvements 3,636  3,690 
Property and equipment, gross 122,535  101,074 
Accumulated depreciation (72,910) (55,292)
Property and equipment, net $ 49,625  $ 45,782 
Depreciation expense was $6,139 and $17,601 for the three and nine months ended December 31, 2024, respectively, and $5,073 and $14,657 for the three and nine months ended December 31, 2023, respectively. Depreciation expense for the three and nine months ended December 31, 2024, includes $6,122 and $17,399, respectively, related to internal-use software included in general and administrative expense and $17 and $202, respectively, related to internally developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue. Depreciation expense for the three and nine months ended December 31, 2023, includes $4,501 and $10,820, respectively, related to internal-use software included in general and administrative expense and $572 and $3,837, respectively, related to internally developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue.
Cloud Computing Arrangements
As of December 31, 2024, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $6,041, of which $1,233 was included in prepaid expenses and other current assets and $4,808 was included in other non-current assets.
As of March 31, 2024, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $6,965, of which $1,239 was included in prepaid expenses and other current assets and $5,727 was included in other non-current assets.
As of December 31, 2024 and 2023, amortization expenses for implementation costs of cloud-based computing arrangements were $921 and $310, respectively.