Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets

v3.26.1
Goodwill and Intangible Assets
 3 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Changes in the carrying amount of goodwill by segment for the three months ended June 30, 2026 were as follows:
ODS AGP Total
Goodwill as of March 31, 2026
 $ 80,176  $ 142,877  $ 223,053 
Foreign currency translation —  (144) (144)
Goodwill as of June 30, 2026
 $ 80,176  $ 142,733  $ 222,909 
Accumulated goodwill impairment on our condensed consolidated balance sheet was $336,640 at both June 30, 2026 and March 31, 2026.
Intangible Assets
The components of intangible assets, net as of June 30, 2026 and March 31, 2026 were as follows:
As of June 30, 2026
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 10.13 years $ 137,693  $ (50,940) $ 86,753 
Developed technology 2.14 years 145,467  (104,376) 41,091 
Publisher relationships 14.67 years 109,536  (28,895) 80,641 
Total $ 392,696  $ (184,211) $ 208,485 
As of March 31, 2026
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
Customer relationships 10.36 years $ 137,836  $ (48,670) $ 89,166 
Developed technology 2.38 years 145,487  (99,268) 46,219 
Publisher relationships 14.92 years 109,542  (27,479) 82,063 
Total $ 392,865  $ (175,417) $ 217,448 
The Company recorded amortization expense of $8,866 and $13,451 during the three months ended June 30, 2026 and 2025, respectively, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income (loss).
As of June 30, 2026, estimated amortization expense for future fiscal years is expected to be as follows:
Fiscal year 2027 (remaining nine months) $ 26,551 
Fiscal year 2028 35,401 
Fiscal year 2029 18,447 
Fiscal year 2030 14,645 
Fiscal year 2031 14,473 
Thereafter 98,968 
Total $ 208,485 
The expected amortization expense is an estimate. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, future changes to expected asset lives of intangible assets and other events.