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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities      
Net income $ 223,185 $ 147,582 $ 112,818
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation and amortization 10,659 10,265 10,283
Deferred income taxes (11,592) (8,593) 13,226
Stock-based compensation, net of amounts capitalized 72,386 51,076 47,834
Non-cash lease expense 1,838 2,074 2,027
Amortization of premium (accretion of discount) on marketable securities, net (11,655) (5,238) 3,115
Amortization of deferred contract costs 9,967 8,871 8,785
Impairment of long-lived assets 2,304 0 0
Other 270 2,583 2,547
Changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable (27,206) 3,993 (26,242)
Prepaid expenses and other assets 2,762 (20,483) (3,448)
Deferred contract costs (12,051) (8,608) (8,462)
Accounts payable, accrued expenses and other liabilities (663) 8,332 (195)
Deferred revenue 15,210 (6,080) 17,527
Operating lease liabilities (2,149) (1,678) (213)
Net cash provided by operating activities 273,265 184,096 179,602
Cash flows from investing activities      
Cash paid for acquisition 0 0 (53,500)
Purchases of property and equipment 0 (147) (1,701)
Internal-use software development costs (6,525) (5,654) (4,483)
Purchases of marketable securities (675,557) (472,867) (190,560)
Maturities of marketable securities 635,401 435,179 83,139
Sales of marketable securities 17,383 74,675 107,182
Net cash provided by (used in) investing activities (29,298) 31,186 (59,923)
Cash flows from financing activities      
Proceeds from issuance of common stock upon exercise of stock options and common stock warrants 19,732 12,892 9,926
Proceeds from issuance of common stock in connection with the employee stock purchase plan 3,569 3,446 4,759
Taxes paid related to net share settlement of equity awards (27,185) (6,756) (3,822)
Repurchase of common stock (120,293) (280,716) (85,324)
Payment of contingent consideration related to a business combination (5,470) (5,390) 0
Payment of excise taxes on share repurchases (1,491) 0 0
Net cash used in financing activities (131,138) (276,524) (74,461)
Net increase (decrease) in cash and cash equivalents 112,829 (61,242) 45,218
Cash and cash equivalents, beginning of period 96,785 158,027 112,809
Cash and cash equivalents, end of period 209,614 96,785 158,027
Supplemental disclosures of cash flow information      
Cash paid for taxes, net of refunds 55,654 51,274 5,231
Non-cash financing and investing activities      
Fair value of contingent earn-out consideration included in purchase consideration 0 0 21,134
Operating lease right-of-use assets obtained in exchange for operating lease liabilities 0 587 14,759
Repurchase included in accrued expenses 0 4,000 748
Excise tax payable on share repurchases $ 0 $ 1,493 $ 0