| Schedule of Property and Equipment |
Property and equipment, including software, consisted of the following:
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September 30, |
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March 31, |
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2026 |
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2026 |
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(in thousands) |
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| Computer equipment |
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$ |
8,187 |
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$ |
8,478 |
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| Developed software |
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163,822 |
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147,399 |
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| Furniture and fixtures |
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1,394 |
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|
1,378 |
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| Leasehold improvements |
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3,630 |
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3,668 |
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177,033 |
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160,923 |
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| Accumulated depreciation |
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(127,670) |
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(111,812) |
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| Property and equipment, net |
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$ |
49,363 |
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$ |
49,111 |
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Depreciation and amortization expense was as follows:
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Three Months Ended
September 30, |
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Six Months Ended
September 30, |
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2026 |
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2025 |
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2026 |
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2025 |
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(in thousands) |
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| Product development |
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$ |
— |
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$ |
— |
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$ |
3 |
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$ |
— |
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| General and administrative expenses |
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8,161 |
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|
4,456 |
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|
16,097 |
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|
14,341 |
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| Depreciation and amortization expense |
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$ |
8,161 |
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$ |
4,456 |
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$ |
16,100 |
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$ |
14,341 |
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The net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage were as follows:
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September 30,
2026 |
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March 31,
2026 |
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(in thousands) |
| Current |
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$ |
1,233 |
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$ |
1,233 |
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| Non-current |
|
2,777 |
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|
3,267 |
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| Cloud computing arrangements, net of accumulated amortization |
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$ |
4,010 |
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$ |
4,500 |
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Amortization expenses for the implementation costs of cloud-based computing arrangements, in general and administrative expenses on the condensed consolidated statements of operations and comprehensive income (loss), as follows:
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Three Months Ended
September 30, |
|
Six Months Ended
September 30, |
|
|
2026 |
|
2025 |
|
2026 |
|
2025 |
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(in thousands) |
| Amortization expense |
|
$ |
308 |
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|
$ |
308 |
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|
$ |
616 |
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$ |
616 |
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