Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.3
Property and Equipment
 6 Months Ended
Sep. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment Property and Equipment
Property and equipment, including software, consisted of the following:
September 30, March 31,
2026 2026
(in thousands)
Computer equipment $ 8,187  $ 8,478 
Developed software 163,822  147,399 
Furniture and fixtures 1,394  1,378 
Leasehold improvements 3,630  3,668 
177,033  160,923 
Accumulated depreciation (127,670) (111,812)
Property and equipment, net $ 49,363  $ 49,111 
Depreciation and amortization expense was as follows:
Three Months Ended
September 30,		 Six Months Ended
September 30,
2026 2025 2026 2025
(in thousands)
Product development $ —  $ —  $ 3  $ — 
General and administrative expenses 8,161  4,456  16,097  14,341 
Depreciation and amortization expense $ 8,161  $ 4,456  $ 16,100  $ 14,341 
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:
September 30,
2026		 March 31,
2026
(in thousands)
Current $ 1,233  $ 1,233 
Non-current 2,777  3,267 
Cloud computing arrangements, net of accumulated amortization $ 4,010  $ 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.
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:
Three Months Ended
September 30,		 Six Months Ended
September 30,
2026 2025 2026 2025
(in thousands)
Amortization expense $ 308  $ 308  $ 616  $ 616