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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income $ 118,057 $ 28,727
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 3,672 2,711
Deferred income taxes (31,972) 4,073
Stock-based compensation, net of amounts capitalized 21,633 4,382
Other 570 (182)
Non-cash lease expense 857 2,012
Bad debt expense (recovery) 75 (43)
Amortization of premium on marketable securities, net 2,863 58
Gain on sale of business 0 (4,698)
Amortization of deferred contract costs 7,366 4,697
Changes in operating assets and liabilities, net of effect of acquisition:    
Accounts receivable (19,579) (14,487)
Prepaid expenses and other assets (7,003) 167
Deferred contract costs (6,672) (5,970)
Accounts payable 162 (933)
Accrued expenses and other current liabilities 7,998 5,512
Deferred revenue (17,538) 19,373
Operating lease liabilities (811) (2,040)
Other liabilities (67) 2,063
Net cash provided by operating activities 79,611 45,422
Cash flows from investing activities    
Purchases of property and equipment (852) (98)
Capitalized internal-use software (2,736) (3,599)
Purchases of marketable securities (1,271,915) (34,399)
Maturities of marketable securities 41,617 38,000
Sales of marketable securities 616,938 0
Cash paid for acquisition, net of cash acquired 0 (31,682)
Proceeds from sale of business 0 4,230
Net cash used in investing activities (616,948) (27,548)
Cash flows from financing activities    
Proceeds from issuance of common stock upon initial public offering after deducting underwriting discounts and commissions 553,905 0
Payments of deferred offering costs (3,982) (381)
Proceeds from issuance of common stock upon exercise of stock options 9,234 4,422
Taxes paid related to net share settlement of equity awards (436) 0
Repurchase of common stock (2,698) (370)
Net cash provided by financing activities 556,023 3,671
Net increase in cash and cash equivalents 18,686 21,545
Cash and cash equivalents, beginning of period 66,393 48,430
Cash and cash equivalents, end of period 85,079 69,975
Supplemental disclosures of cash flow information    
Cash paid for taxes 182 3,214
Non-cash financing and investing activities    
Conversion of redeemable convertible preferred stock to common stock 81,458 0
Unpaid deferred offering costs 0 348
Common stock issued in acquisition 0 1,062
Capitalized stock-based compensation for internal-use software development costs 317 154
Amounts held in escrow related to sale of business 0 470
Receivable from exercise of stock options included in prepaid expenses and other current assets 80 83
Operating lease right-of-use assets obtained in exchange for modified operating lease liabilities $ 1,151 $ 0