Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.4
Property and Equipment
9 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
December 31, 2025 March 31, 2025
Computer-related equipment $ 8,880  $ 7,933 
Developed software 138,928  115,816 
Furniture and fixtures 1,503  1,442 
Leasehold improvements 3,702  3,648 
Property and equipment, gross 153,013  128,839 
Accumulated depreciation (104,029) (81,873)
Property and equipment, net $ 48,984  $ 46,966 
Depreciation expense was $7,698 and $22,039 for the three and nine months ended December 31, 2025, respectively, and $6,139 and $17,601 for the three and nine months ended December 31, 2024, respectively. Depreciation expense for the three and nine months ended December 31, 2025, includes $7,698 and $22,039, respectively, related to internal-use assets included in general and administrative expense. No depreciation expense was incurred 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, 2024, includes $6,122 and $17,399, respectively, related to internal-use assets 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.
Cloud Computing Arrangements
As of December 31, 2025, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $4,808, of which $1,233 was included in prepaid expenses and other current assets and $3,575 was included in other non-current assets.
As of March 31, 2025, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $5,733, of which $1,233 was included in prepaid expenses and other current assets and $4,500 was included in other non-current assets.
For the nine months ended December 31, 2025 and 2024, amortization expenses for implementation costs of cloud-based computing arrangements were $925 and $921, respectively.