Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets

v3.26.3
Goodwill and Intangible Assets
 6 Months Ended
Sep. 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 six months ended September 30, 2026 were as follows:
ODS AGP Total
(in thousands)
Goodwill as of March 31, 2026
 $ 80,176  $ 142,877  $ 223,053 
Foreign currency translation —  (328) (328)
Goodwill as of September 30, 2026
 $ 80,176  $ 142,549  $ 222,725 
Accumulated goodwill impairment on our consolidated balance sheet was $336.6 million at both September 30, 2026 and March 31, 2026 .
Intangible Assets
The components of intangible assets, net as of September 30, 2026 and March 31, 2026 were as follows:
As of September 30, 2026
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
(in thousands)
Customer relationships 9.90 years $ 137,568  $ (53,212) $ 84,356 
Developed technology 1.92 years 145,428  (109,470) 35,958 
Publisher relationships 14.43 years 109,414  (30,281) 79,133 
Total $ 392,410  $ (192,963) $ 199,447 
As of March 31, 2026
Weighted-Average Remaining Useful Life Cost Accumulated Amortization Net
(in thousands)
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, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income (loss), as follows:
Three Months Ended
September 30,		 Six Months Ended
September 30,
2026 2025 2026 2025
(in thousands)
Amortization of intangible assets $ 8,854  $ 10,410  $ 17,720  $ 23,861 
As of September 30, 2026, estimated amortization expense for future fiscal years is expected to be as follows (in thousands):
Fiscal year 2027 (remaining six months) $ 17,685 
Fiscal year 2028 35,371 
Fiscal year 2029 18,429 
Fiscal year 2030 14,631 
Fiscal year 2031 14,459 
Thereafter 98,872 
Total $ 199,447 
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.