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SEGMENT AND GEOGRAPHICAL INFORMATION
 6 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION Segment and Geographical Information
The Company’s reportable segments, described in Note 1, were identified based on several primary factors, including: each segment operates under independent management, offers distinct services, and requires specialized expertise for service delivery. Revenues by segment represent fees earned on the various services offered within each segment. Our operating expenses are classified as employee compensation and benefits expense and non-compensation expense; revenue and headcount are the primary drivers of our operating expenses. Our employee compensation and benefits expense consists of base salary, payroll taxes, benefits, annual incentive compensation payable as cash bonus awards, deferred cash bonus awards, and the amortization of equity-based bonus awards. The balance of our operating expenses (non-compensation expense) includes costs for travel, meals and entertainment, rent, depreciation and amortization, information technology and communications, professional fees, and other operating expenses. Segment profit consists of segment revenues, less (1) direct expenses including employee compensation and benefits, travel, meals and entertainment, professional fees, and bad debt and (2) expenses allocated by headcount such as communications, rent, depreciation and amortization, and office expense. The corporate expense category includes costs not allocated to individual segments, including certain acquisition related charges and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance. The following tables present information about revenues, profit and assets by segment and geography. The Company's CODM is its Chief Executive Officer. The CODM oversees the performance of the Company's three reportable segments by analyzing their financial metrics, including revenues by segment and segment profit. The financial metrics the CODM regularly receives does not include asset information and does not use segment asset information to assess performance or allocate resources. Comparable prior year information has been recast to reflect the additional disclosure of employee compensation and benefits by segment and non-compensation expense by segment.
Three Months Ended September 30,Six Months Ended September 30,
2025202420252024
Revenues by segment
Corporate Finance$438,661 $364,028 $837,180 $692,445 
Financial Restructuring133,803 131,568 262,019 248,990 
Financial and Valuation Advisory86,988 79,361 165,602 147,131 
Revenues659,452 574,957 1,264,801 1,088,566 
Employee compensation and benefits by segment (1)
Corporate Finance246,502 214,257 466,006 395,774 
Financial Restructuring72,913 59,350 144,632 126,444 
Financial and Valuation Advisory46,759 47,316 92,693 85,366 
Non-compensation expense by segment
Corporate Finance44,829 40,116 97,063 86,594 
Financial Restructuring10,790 11,299 23,643 22,478 
Financial and Valuation Advisory14,820 12,656 30,171 24,735 
Segment profit
Corporate Finance147,330 109,655 274,111 210,077 
Financial Restructuring50,100 60,919 93,744 100,068 
Financial and Valuation Advisory25,409 19,389 42,738 37,030 
Total segment profit222,839 189,963 410,593 347,175 
Corporate expenses (2)
71,498 59,294 169,452 121,766 
Other (income) expense, net(8,712)(5,419)(16,962)(10,553)
Income before provision for income taxes$160,053 $136,088 $258,103 $235,962 
(1)We adjust the compensation expense for a business segment in situations where an employee residing in one business segment is performing work in another business segment where the revenues are accrued. Segment profit may vary significantly between periods depending on the levels of collaboration among the different segments.
(2)Corporate expenses include costs not allocated to individual segments, including certain acquisition related charges and share-based payments to corporate employees, as well as expenses of senior management and corporate departmental functions managed on a worldwide basis, including office of the executives, accounting, human capital, marketing, information technology, and legal and compliance.

September 30, 2025March 31, 2025
Assets by segment
Corporate Finance$1,322,976 $1,312,291 
Financial Restructuring186,851 179,498 
Financial and Valuation Advisory221,390 207,162 
Total segment assets1,731,217 1,698,951 
Corporate assets2,062,148 2,120,757 
Total assets$3,793,365 $3,819,708 
Three Months Ended September 30,Six Months Ended September 30,
2025202420252024
Income before provision for income taxes by geography
United States$98,599 $90,506 $160,392 $151,564 
International61,454 45,582 97,711 84,398 
Income before provision for income taxes$160,053 $136,088 $258,103 $235,962 

Three Months Ended September 30,Six Months Ended September 30,
2025202420252024
Revenues by geography
United States$435,658 $435,322 $858,078 $801,881 
International223,794 139,635 406,723 286,685 
Revenues$659,452 $574,957 $1,264,801 $1,088,566 

September 30, 2025March 31, 2025
Assets by geography
United States$2,323,008 $2,439,032 
International1,470,3571,380,676
Total assets$3,793,365 $3,819,708