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Fair Value Measurements (Tables)

3 Months Ended

Jun. 30, 2025

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets Measured on Recurring Basis

The following tables present the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):

			As of June 30, 2025
			Level 1						Level 2						Level 3						Total
Cash equivalents:
Commercial paper			$	—					$	42,465					$	—					$	42,465
Money market funds			85,224						—						—						85,224
U.S. government securities			2,497						—						—						2,497
Total cash equivalents			87,721						42,465						—						130,186
Marketable securities:
Commercial paper			—						48,518						—						48,518
Corporate notes and bonds			—						481,539						—						481,539
U.S. government and agency securities			170,645						3,010						—						173,655
Total marketable securities			170,645						533,067						—						703,712
Total cash equivalents and marketable securities			$	258,366					$	575,532					$	—					$	833,898
Liabilities:
Contingent earn-out consideration liability			$	—					$	—					$	5,661					$	5,661
Total contingent earn-out consideration liability			$	—					$	—					$	5,661					$	5,661

			As of March 31, 2025
			Level 1						Level 2						Level 3						Total
Cash equivalents:
Commercial paper			$	—					$	73,047					$	—					$	73,047
Money market funds			84,475						—						—						84,475
Total cash equivalents			84,475						73,047						—						157,522
Marketable securities:
Commercial paper			—						42,863						—						42,863
Corporate notes and bonds			—						502,444						—						502,444
U.S. government and agency securities			157,727						3,016						—						160,743
Total marketable securities			157,727						548,323						—						706,050
Total cash equivalents and marketable securities			$	242,202					$	621,370					$	—					$	863,572
Liabilities:
Contingent earn-out consideration liability			$	—					$	—					$	11,493					$	11,493
Total contingent earn-out consideration liability			$	—					$	—					$	11,493					$	11,493

Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

The following table summarizes the changes in the contingent earn-out consideration liability (in thousands):

			Three Months Ended June 30,
			2025						2024
Beginning fair value			$	11,493					$	16,813
Additions in the period			—						—
Change in fair value			168						202
Payments			(6,000)						(6,000)
Ending fair value			$	5,661					$	11,015

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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X

- References

No definition available.

+ Details

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X

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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