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Equity (Tables)
3 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Common Stock Reserved for Issuance
The Company has shares of common stock reserved for issuance as follows (in thousands):
June 30, 2024
Common stock warrants516 
2010 Plan
Options outstanding14,017 
2021 Plan
Awards outstanding
3,962 
Shares available for future grant41,076 
2021 ESPP9,867 
Options outstanding outside the plans2,638 
Total72,076 
Stock Option Activity
Stock option activities within the Plans as well as outside of the Plans were as follows:
Number of Shares
(in thousands)
Weighted-Average
Exercise Price
Average Remaining Contractual Term
(in years)
Aggregate Intrinsic Value
(in thousands)
Balance, March 31, 202417,480 $4.60 5.72$389,931 
Options exercised(784)3.25 
Options forfeited or expired(41)7.29 
Balance, June 30, 202416,655 4.66 5.54388,230 
Vested and exercisable as of June 30, 202411,860 3.45 5.14290,780 
Vested and expected to vest as of June 30, 202416,655 4.66 5.54388,230 
Restricted Stock Unit Activity
The following table summarizes RSU activity (in thousands, except per share information):
Number of SharesWeighted-
Average
Grant Date Fair Value
Unvested balance, March 31, 20242,093 $33.79 
Granted1,847 23.85 
Vested(312)31.32 
Forfeited(39)30.02 
Unvested balance, June 30, 20243,589 28.93 
Stock-Based Compensation Expense
Total stock-based compensation expense recognized in the condensed consolidated statements of operations was as follows (in thousands):
Three Months Ended June 30,
20242023
Cost of revenue$2,894 $2,461 
Research and development4,684 3,256 
Sales and marketing6,586 5,995 
General and administrative2,926 2,289 
Total stock-based compensation expense$17,090 $14,001