v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income $ 56,008 $ 45,113
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,455 6,758
Noncash stock-based compensation 91,461 84,270
Noncash operating lease expense 6,150 4,326
Noncash change in fair value of equity securities (406) 32
Noncash change in fair value of contingent consideration (545) 2,486
Noncash adjustment on headquarters sale leaseback 495 0
Noncash impairment charges 0 2,910
Deferred income taxes 9,718 (6,280)
Amortization of deferred commissions cost 34,347 23,756
Changes in operating assets and liabilities:    
Trade accounts receivable, net (100,981) (65,437)
Operating lease liabilities (5,934) (5,173)
Other current assets and Other assets (18,143) 436
Deferred commissions cost (50,531) (29,532)
Accounts payable (147) (1,240)
Accrued liabilities (1,777) 10,095
Deferred revenue 83,471 57,910
Other liabilities (146) (3)
Net cash provided by operating activities 112,495 130,427
Cash flows from investing activities    
Purchase of property and equipment (7,185) (2,973)
Purchase of equity securities (6,782) (788)
Proceeds from sale of headquarters, net 34,849 0
Business combination, net of cash acquired (26,015) (65,909)
Net cash used in investing activities (5,133) (69,670)
Cash flows from financing activities    
Repurchase of common stock (186,813) (135,194)
Proceeds from stock-based compensation plans 6,974 11,100
Proceeds from issuance of convertible notes 900,000 0
Purchase of capped calls (99,630) 0
Payment of debt issuance costs (23,400) 0
Other (48) 0
Net cash provided by (used in) financing activities 597,083 (124,094)
Effects of exchange rate — changes in cash 19,798 (5,842)
Net increase (decrease) in cash and cash equivalents 724,243 (69,179)
Cash and cash equivalents at beginning of period 302,103 312,754
Cash and cash equivalents at end of period 1,026,346 243,575
Supplemental disclosures of noncash activities    
Issuance of common stock for business combination 0 4,900
Operating lease liabilities arising from obtaining right-of-use assets $ 35,081 $ 4,687