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Revenue (Tables)
6 Months Ended
Sep. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The table below presents the total revenue for each type of contract:
 Three Months Ended
September 30,
Six Months Ended
September 30,
 2024202320242023
Cost-reimbursable$1,781,044 57 %$1,463,949 55 %$3,440,967 56 %$2,914,133 55 %
Time-and-materials722,818 23 %638,607 24 %1,393,386 23 %1,274,340 24 %
Fixed-price642,524 20 %563,726 21 %1,253,830 21 %1,132,295 21 %
Total Revenue$3,146,386 100 %$2,666,282 100 %$6,088,183 100 %$5,320,768 100 %
Revenue by Customer Type:
Three Months Ended
September 30,
Six Months Ended
September 30,
2024202320242023
Defense Clients
$1,544,108 49 %$1,270,943 47 %$2,960,978 48 %$2,492,638 47 %
Intelligence Clients
496,420 16 %442,924 17 %957,459 16 %920,456 17 %
Civil Clients (1)
1,105,858 35 %952,415 36 %2,169,746 36 %1,907,674 36 %
Total Revenue$3,146,386 100 %$2,666,282 100 %$6,088,183 100 %$5,320,768 100 %
(1) As of the first quarter of fiscal 2025, Civil Clients includes revenue from Global Commercial Clients, which was previously separately reported. Prior periods’ revenues have been recast to reflect the change.
Revenue by Whether the Company Acts as a Prime Contractor or a Subcontractor:
Three Months Ended
September 30,
Six Months Ended
September 30,
2024202320242023
Prime Contractor$3,001,344 95 %$2,537,085 95 %$5,809,029 95 %$5,054,643 95 %
Subcontractor145,042 %129,197 %$279,154 %266,125 %
Total Revenue$3,146,386 100 %$2,666,282 100 %$6,088,183 100 %$5,320,768 100 %
Schedule of Contract Assets and Liabilities
The following table summarizes the contract assets and liabilities, and accounts receivable, net of allowance recognized on the Company’s condensed consolidated balance sheets:
September 30,
2024
March 31,
2024
Current assets
Accounts receivable–billed$696,976 $700,066 
Accounts receivable–unbilled (contract assets)1,529,647 1,347,577 
Allowance for credit losses(1,265)(301)
Accounts receivable, net2,225,358 2,047,342 
Other long-term assets
Accounts receivable–unbilled (contract assets)57,703 57,355 
Total accounts receivable, net$2,283,061 $2,104,697 
Other current liabilities
Advance payments, billings in excess of costs incurred and deferred revenue (contract liabilities)$17,065 $15,527