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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities      
Net income $ 147,582 $ 112,818 $ 154,783
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 10,265 10,283 5,040
Deferred income taxes (8,593) 13,226 (41,247)
Stock-based compensation, net of amounts capitalized 51,076 47,834 31,442
Non-cash lease expense 2,074 2,027 1,159
Amortization of premium (accretion of discount) on marketable securities, net (5,238) 3,115 4,332
Net loss on sale of marketable securities 402 1,093 1,231
Amortization of deferred contract costs 8,871 8,785 9,755
Change in fair value of contingent earn-out consideration liability 951 728 0
Other 1,230 726 410
Changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable 3,993 (26,242) (31,017)
Prepaid expenses and other assets (20,483) (3,448) (9,089)
Deferred contract costs (8,608) (8,462) (9,609)
Accounts payable, accrued expenses and other liabilities 8,332 (195) 8,664
Deferred revenue (6,080) 17,527 1,828
Operating lease liabilities (1,678) (213) (1,107)
Net cash provided by operating activities 184,096 179,602 126,575
Cash flows from investing activities      
Cash paid for acquisition 0 (53,500) 0
Purchases of property and equipment (147) (1,701) (1,912)
Internal-use software development costs (5,654) (4,483) (3,785)
Purchases of marketable securities (472,867) (190,560) (1,317,193)
Maturities of marketable securities 435,179 83,139 47,919
Sales of marketable securities 74,675 107,182 633,802
Other 0 0 595
Net cash provided by (used in) investing activities 31,186 (59,923) (640,574)
Cash flows from financing activities      
Proceeds from issuance of common stock upon initial public offering after deducting underwriting discounts and commissions 0 0 553,905
Proceeds from issuance of common stock upon exercise of stock options and common stock warrants 12,892 9,926 12,612
Proceeds from issuance of common stock in connection with the employee stock purchase plan 3,446 4,759 1,395
Taxes paid related to net share settlement of equity awards (6,756) (3,822) (817)
Repurchase of common stock (280,716) (85,324) (2,698)
Payment of contingent consideration related to a business combination (5,390) 0 0
Payments of deferred offering costs 0 0 (3,982)
Net cash provided by (used in) financing activities (276,524) (74,461) 560,415
Net increase (decrease) in cash and cash equivalents (61,242) 45,218 46,416
Cash and cash equivalents, beginning of period 158,027 112,809 66,393
Cash and cash equivalents, end of period 96,785 158,027 112,809
Supplemental disclosures of cash flow information      
Cash paid for taxes, net of refunds 51,274 5,231 206
Non-cash financing and investing activities      
Conversion of redeemable convertible preferred stock to common stock 0 0 81,458
Fair value of contingent earn-out consideration included in purchase consideration 0 21,134 0
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 587 14,759 1,151
Repurchase included in accrued expenses 4,000 748 0
Excise tax payable on share repurchases $ 1,493 $ 0 $ 0