Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited)

v3.25.4
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Income Statement [Abstract]        
Net revenue $ 151,399 $ 134,637 $ 422,702 $ 371,354
Costs of revenue and operating expenses        
Revenue share 64,425 69,947 185,656 182,092
Other direct costs of revenue 12,205 8,954 34,251 25,182
Product development 9,892 10,203 31,018 30,350
Sales and marketing 14,326 15,494 42,361 47,628
General and administrative 28,897 42,792 105,889 128,485
Total costs of revenue and operating expenses 129,745 147,390 399,175 413,737
Income (loss) from operations 21,654 (12,753) 23,527 (42,383)
Interest and other (expense) income, net        
Change in fair value of contingent consideration (231) (500) (231) (300)
Interest expense, net (13,561) (7,913) (33,859) (24,638)
Amortization of debt discount and issuance costs (4,007) (533) (7,939) (1,290)
Unrealized gain (loss) on derivatives 1,600 0 (735) 0
Foreign exchange transaction gain 2,815 1,037 3,037 879
Loss on extinguishment of debt 0 0 (9,795) 0
Other (expense) income, net 74 (57) (1,801) 21
Total interest and other expense, net (13,310) (7,966) (51,323) (25,328)
Income (loss) before income taxes 8,344 (20,719) (27,796) (67,711)
Income tax provision 3,237 2,412 2,596 5,562
Net income (loss) 5,107 (23,131) (30,392) (73,273)
Other comprehensive loss        
Foreign currency translation loss (3,260) (4,119) (1,264) (3,175)
Comprehensive income (loss) $ 1,847 $ (27,250) $ (31,656) $ (76,448)
Net income (loss) per common share        
Basic (in dollars per share) $ 0.04 $ (0.22) $ (0.27) $ (0.71)
Diluted (in dollars per share) $ 0.03 $ (0.22) $ (0.27) $ (0.71)
Weighted-average common shares outstanding        
Basic (in shares) 115,921 104,148 110,593 103,201
Diluted (in shares) 120,474 104,148 110,593 103,201