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

Property and Equipment

v3.26.1
Property and Equipment
 12 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, including software, consisted of the following:
March 31,
2026 2025
Computer equipment
 $ 8,478  $ 7,933 
Developed software 147,399  115,816 
Furniture and fixtures 1,378  1,442 
Leasehold improvements 3,668  3,648 
160,923  128,839 
Accumulated depreciation (111,812) (81,873)
Property and equipment, net $ 49,111  $ 46,966 
Depreciation and amortization expense for the years ended March 31, 2026, 2025, and 2024 were as follows:
Year Ended March 31,
2026 2025 2024
Other direct costs of revenue(1)
$ —  $ 209  $ 4,045 
Product development 35 — —
General and administrative expenses
 29,828 27,089 15,459
Depreciation and amortization expense
 $ 29,863  $ 27,298  $ 19,504 
______________
(1)     Amounts represent amortization of internally developed software to be sold, leased, or otherwise marketed.
During the years ended March 31, 2026, 2025, and 2024, the Company did not write down any developed software balances to net realizable value.