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

Accounts Receivable

v3.26.1
Accounts Receivable
 12 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Accounts Receivable Accounts Receivable
Accounts receivable consistent of the following:
March 31,
2026 2025
Billed $ 159,381  $ 106,880 
Unbilled 100,342  84,438 
Allowance for credit losses (8,483) (9,548)
Accounts receivable, net $ 251,240  $ 181,770 
All unbilled receivables as of March 31, 2026 are expected to be billed and collected (subject to the allowance for credit losses) within twelve months.
Allowance for Credit Losses
The changes to the allowance for credit losses on accounts receivable were as follows:

Year Ended March 31,
2026 2025
Balance, beginning of period $ 9,548  $ 9,706 
Provision for credit losses 233  2,767 
Write-offs (1,298) (2,925)
Balance, end of period $ 8,483  $ 9,548 
The Company recorded $233, $2,767, and $3,202 of credit loss expense during the years ended March 31, 2026, 2025, and 2024, respectively, in general and administrative expenses on the consolidated statements of operations and comprehensive income (loss).