Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.25.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (35,499) $ (50,142)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 38,203 40,171
Amortization of debt discount and issuance costs 3,932 757
Loss on extinguishment of debt 9,795 0
Allowance for credit losses 842 1,298
Unrealized loss on derivatives 2,335 0
Stock-based compensation expense 11,718 17,167
Foreign exchange transaction loss (gain) (222) 158
Change in fair value of contingent consideration 0 (200)
Non-cash lease expense 1,747 1,580
(Increase) decrease in assets:    
Accounts receivable, gross (25,201) (1,933)
Prepaid expenses 893 652
Value-added tax receivable (843) (2,269)
Other current assets (2,149) 418
Right-of-use asset 62 (3,463)
Other non-current assets 675 418
Increase (decrease) in liabilities:    
Accounts payable (28,208) (11,377)
Accrued revenue share 45,045 (4,531)
Accrued compensation 5,457 135
Other current liabilities (3,340) 2,698
Deferred income taxes 41 (3,109)
Other non-current liabilities (2,035) 1,501
Net cash provided by (used in) operating activities - continuing operations 23,248 (10,071)
Net cash provided by (used in) operating activities 23,248 (10,071)
Cash flows from investing activities    
Capital expenditures (15,386) (13,408)
Net cash used in investing activities (15,386) (13,408)
Cash flows from financing activities    
Proceeds from borrowings, net of original issue discount 418,700 38,000
Payment of debt issuance costs (19,915) (1,561)
Payment of deferred business acquisition consideration (842) 0
Repayment of debt obligations (421,092) (13,000)
Proceeds from issuance of common stock in connection with at-the-market offering, net of issuance costs of $420 13,573 0
Payment of withholding taxes for net share settlement of equity awards (301) (160)
Options exercised 1,645 93
Net cash provided by (used in) financing activities (8,232) 23,372
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (430) (733)
Net change in cash, cash equivalents, and restricted cash (800) (840)
Cash, cash equivalents, and restricted cash, beginning of period 40,084 33,605
Cash, cash equivalents, and restricted cash, end of period 39,284 32,765
Reconciliation of cash, cash equivalents, and restricted cash    
Cash and cash equivalents 38,846 32,081
Restricted cash 438 684
Total cash, cash equivalents and restricted cash 39,284 32,765
Supplemental disclosure of cash flow information    
Interest paid 13,623 18,578
Income taxes paid 4,614 703
Supplemental disclosure of non-cash activities    
Assets acquired not yet paid 277 461
Right-of-use assets acquired under operating leases 0 3,519
Fair value of unpaid contingent consideration in connection with business acquisitions $ 0 $ 1,215