Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.25.2
Property and Equipment
3 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment Property and Equipment
June 30, 2025 March 31, 2025
Computer-related equipment $ 9,700  $ 7,933 
Developed software 121,592  115,816 
Furniture and fixtures 1,468  1,442 
Leasehold improvements 3,695  3,648 
Property and equipment, gross 136,455  128,839 
Accumulated depreciation (91,758) (81,873)
Property and equipment, net $ 44,697  $ 46,966 
Depreciation expense was $9,885 for the three months ended June 30, 2025, and $5,615 for the three
months ended June 30, 2024.
Depreciation expense for the three months ended June 30, 2025, includes $9,602 related to internal-use software included in general and administrative expense and $283 related to internally-developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue. Depreciation expense for the three months ended June 30, 2024, includes $5,481 related to internal-use software included in general and administrative expense and $134 related to internally-developed software to be sold, leased, or otherwise marketed included in other direct costs of revenue.
Cloud Computing Arrangements
As of June 30, 2025, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $5,425, of which $1,233 was included in prepaid expenses and other current assets and $4,192 was included in other non-current assets.
As of March 31, 2025, the net carrying value of capitalized implementation costs related to cloud computing arrangements that were incurred during the application development stage was $5,733, of which $1,233 was included in prepaid expenses and other current assets and $4,500 was included in other non-current assets.
For the three months ended June 30, 2025, and 2024 amortization expenses for implementation costs of cloud-based computing arrangements were $308 and $305, respectively.