Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
 3 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, including software, consisted of the following:
June 30,
March 31,
2026 2026
Computer equipment
 $ 8,133  $ 8,478 
Developed software 154,755  147,399 
Furniture and fixtures 1,380  1,378 
Leasehold improvements 3,649  3,668 
167,917  160,923 
Accumulated depreciation (119,744) (111,812)
Property and equipment, net $ 48,173  $ 49,111 
Depreciation and amortization expense for the three months ended June 30, 2026 and 2025 were as follows:
Three Months Ended June 30,
2026 2025
Other direct cost of revenue(1)
$ —  $ 283 
Product development 3  9 
General and administrative expenses 7,936  9,593 
Depreciation and amortization expense $ 7,939  $ 9,885 
____________
(1) Amounts represent amortization of internally developed software to be sold, leased or otherwise marketed.
Cloud Computing Arrangements
The net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage were as follows:
June 30, March 31,
2026 2026
Current $ 1,233  $ 1,233 
Non-current 2,959  3,267 
Cloud computing arrangements, net of accumulated amortization $ 4,192  $ 4,500 
The current amount is reported in other current assets, and the non-current amount is recorded in other non-current assets on the condensed consolidated balance sheet.
During the three months ended June 30, 2026, and 2025, amortization expenses for implementation costs of cloud-based computing arrangements were $308 and $308, respectively.