v3.25.4
Goodwill and Intangible Assets, Net
 9 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
Goodwill represents the residual purchase price paid in business combinations after the fair value of all identified assets and liabilities have been recorded. It includes the estimated value of the integration of acquired technology into current product offerings, the potential expansion with new customers, the opportunity to further develop sales relationships with new customers and intangible assets that do not qualify for separate recognition. Goodwill is not amortized and there were no impairments to the carrying amounts of goodwill during the nine months ended December 31, 2025 and 2024. Approximately $35,033 of the goodwill recorded is expected to be deductible for income tax purposes.
Changes in goodwill during the nine months ended December 31, 2025 were as follows:
Total
Balance as of March 31, 2025$185,255 
Additions25,585 
Balance as of December 31, 2025
$210,840 
Intangible Assets, Net
Intangible assets consist of developed technology and customer relationships. Developed technology acquired in fiscal 2026 and 2025 has an estimated useful life of five years. Previously acquired developed technology had an estimated useful life of three years, and was fully amortized as of the end of fiscal 2025. Customer relationships acquired in fiscal 2025 have an estimated useful life of ten years. All of our intangible assets are amortized on a straight-line basis. Purchased intangible assets, net of amortization are summarized below:
December 31, 2025March 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying Value
Customer relationships$3,800 $(475)$3,325 $3,800 $(190)$3,610 
Developed technology27,050 (9,404)17,646 23,350 (6,223)17,127 
Total intangible assets$30,850 $(9,879)$20,971 $27,150 $(6,413)$20,737 
During the nine months ended December 31, 2025, we acquired developed technology valued at $3,700 as part of the acquisition of Satori. Amortization expense from acquired intangible assets was $1,255 and $3,466 for the three and nine months ended December 31, 2025, respectively, and $1,383 and $2,529 for the three and nine months ended December 31, 2024, respectively.
As of December 31, 2025, future amortization expense associated with intangible assets with finite lives is expected to be:
Year ending March 31,
2026 (remaining)$1,256 
20275,023 
20285,023 
20295,023 
20302,637 
Thereafter2,009 
Total$20,971