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Investments (Tables)
3 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Schedule of Cost, Gross Unrealized Gains and Losses, and Fair Value of Investments
The cost, gross unrealized gains and losses, and fair value of investments are as follows (in thousands):
As of June 30, 2025
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Cash equivalents:
Commercial paper$42,471 $— $(6)$42,465 
Money market funds85,224 — — 85,224 
U.S. government securities
2,497 — — 2,497 
Total cash equivalents130,192 — (6)130,186 
Marketable securities:
Commercial paper48,531 (15)48,518 
Corporate notes and bonds480,440 1,223 (124)481,539 
U.S. government and agency securities173,155 504 (4)173,655 
Total marketable securities702,126 1,729 (143)703,712 
Total cash equivalents and marketable securities$832,318 $1,729 $(149)$833,898 
The cost, gross unrealized gains and losses, and fair value of investments were as follows (in thousands):
As of March 31, 2025
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair Value
Cash equivalents:
Commercial paper$73,055 $— $(8)$73,047 
Money market funds84,475 — — 84,475 
Total cash equivalents157,530 — (8)157,522 
Marketable securities:
Commercial paper42,860 (4)42,863 
Corporate notes and bonds501,202 1,373 (131)502,444 
U.S. government and agency securities160,212 532 (1)160,743 
Total marketable securities704,274 1,912 (136)706,050 
Total cash equivalents and marketable securities$861,804 $1,912 $(144)$863,572 
Schedule of Contractual Maturities of Available-For-Sale Debt Securities
As of June 30, 2025, the contractual maturities of the Company’s available-for-sale debt securities were as follows (in thousands):
Fair Value
Due within one year$532,444 
Due in one to two years216,230 
Total$748,674