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Leases
 6 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Leases Leases
The Company has non-cancelable operating leases for the rental of office space with various expiration dates through 2030.
The components of lease expense were as follows (in thousands):
Three Months Ended September 30,Six Months Ended September 30,
2025202420252024
Operating lease cost, net of sublease income
$468 $615 $938 $1,246 
Variable lease cost14 3 29 9 
Total lease cost$482 $618 $967 $1,255 
During the three months ended September 30, 2024, the Company executed a sublease for a portion of its Curative office space in Irving, Texas. Any impairment to the associated right-of-use assets and underlying property and equipment as a result of a sublease is recognized in the period the sublease is executed and recorded in the condensed consolidated statements of operations. See Note 12 for further details.
The sublease commenced in November 2024 and has a lease term of approximately 5.5 years. The Company has classified the sublease as an operating lease. Total lease payments under the sublease are $2.4 million over the lease term of the sublease. Sublease income is recognized as a reduction of lease expense in the Company’s consolidated statements of operations. No sublease income was recognized for the three and six months ended September 30, 2024.
Supplemental cash flow information related to leases was as follows (in thousands):
Six Months Ended September 30,
20252024
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$1,377 $1,350 
Supplemental balance sheet information related to leases was as follows:
September 30, 2025March 31, 2025
Weighted-average remaining lease term (in years)4.725.17
Weighted-average discount rate4.19 %4.19 %
Maturities of operating lease liabilities, excluding sublease income, as of September 30, 2025 were as follows (in thousands):
Remainder of 2026$1,310 
20272,497 
20282,605 
20292,667 
20302,706 
Thereafter679 
Total future lease payments$12,464 
Less: imputed interest(1,195)
Present value of lease liabilities$11,269