Annual report [Section 13 and 15(d), not S-K Item 405]

Property and Equipment

v3.25.2
Property and Equipment
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
March 31, 2025 March 31, 2024
Computer-related equipment $ 7,933  $ 7,057 
Developed software 115,816  88,258 
Furniture and fixtures 1,442  2,069 
Leasehold improvements 3,648  3,690 
Property and equipment, gross 128,839  101,074 
Accumulated depreciation (81,873) (55,292)
Property and equipment, net $ 46,966  $ 45,782 
Depreciation expense for the years ended March 31, 2025, 2024, and 2023, was $27,298, $19,504, and $16,465, respectively.
During the years ended March 31, 2025, 2024, and 2023, depreciation expense includes $27,089, $15,459, and $10,190, respectively, related to internal-use assets included in general and administrative expense and $209, $4,045, and $6,275, respectively, related to internally-developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue.
During the years ended March 31, 2025, 2024, and 2023, the Company did not write down any computer software balances to net realizable value.