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Financial Statement Components | 12 Months Ended
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Mar. 31, 2025
Property, Plant and Equipment [Abstract] |
Financial Statement Components | Financial Statement Components Accounts receivable, net consisted of the following (in thousands):
| March 31, 2025 |  | March 31, 2024
Trade accounts receivable | $ | 50,839 |  |  | $ | 59,757 |
Unbilled trade accounts receivable | 4,972 |  |  | 4,470 |
Less: allowance for credit losses | (1,898) |  |  | (2,746) |
Less: allowance for sales reserves | (4,233) |  |  | (2,502) |
Total accounts receivable, net | $ | 49,680 |  |  | $ | 58,979 |
Allowance for credit losses and sales reserves consisted of the following (in thousands):
| March 31, 2025 |  | March 31, 2024
| Credit Losses |  | Sales Reserves |  | Credit Losses |  | Sales Reserves
Beginning balance | $ | (2,746) |  |  | $ | (2,502) |  |  | $ | (3,644) |  |  | $ | (3,218) |
Provision (reserve) | (1,001) |  |  | (5,355) |  |  | (1,969) |  |  | (3,581) |
Recoveries (write-offs) | 1,849 |  |  | 3,624 |  |  | 2,867 |  |  | 4,297 |
Ending balance | $ | (1,898) |  |  | $ | (4,233) |  |  | $ | (2,746) |  |  | $ | (2,502) |
Property and equipment, net consisted of the following (in thousands):
| March 31, 2025 |  | March 31, 2024
Capitalized internal-use software(1) | $ | 143,866 |  |  | $ | 133,876 |
Computer equipment | 49,892 |  |  | 53,788 |
Leasehold improvements | 28,239 |  |  | 29,666 |
Furniture and fixtures | 10,767 |  |  | 11,675 |
Construction in progress | 11,981 |  |  | 9,593 |
Total property and equipment | 244,745 |  |  | 238,598 |
Less: accumulated depreciation and amortization | (196,826) |  |  | (185,417) |
Total property and equipment, net | $ | 47,919 |  |  | $ | 53,181 |
(1) Current period presentation combines software development costs and software licenses into a single line item. Prior periods have been revised to conform to the current presentation. The following table sets forth the property and equipment, net, geographic information for each period (in thousands):
| March 31, 2025 |  | March 31, 2024
United States | $ | 45,677 |  |  | $ | 49,992 |
International | 2,242 |  |  | 3,189 |
Total property and equipment, net | $ | 47,919 |  |  | $ | 53,181 |
Depreciation and amortization expense was $20.1 million, $26.8 million, and $36.8 million for the years ended March 31, 2025, 2024, and 2023, respectively. During the year ended March 31, 2023, the Company abandoned and wrote off certain internally-developed software with a net book value of $3.7 million. Other current assets consisted of the following (in thousands):
| March 31, 2025 |  | March 31, 2024
Prepaid expense | $ | 21,769 |  |  | $ | 18,172 |
Contract assets, current | 7,009 |  |  | 9,453 |
Other current assets | 5,961 |  |  | 7,633 |
Total other current assets | $ | 34,739 |  |  | $ | 35,258 |
Accrued and other liabilities consisted of the following (in thousands):
| March 31, 2025 |  | March 31, 2024
Accrued compensation | $ | 17,745 |  |  | $ | 19,550 |
Accrued taxes | 24,186 |  |  | 44,096 |
Other accrued liabilities | 21,094 |  |  | 14,456 |
Total accrued and other liabilities | $ | 63,025 |  |  | $ | 78,102 |
Other income (expense), net consisted of the following (in thousands):
| Years Ended March 31,
| 2025 |  | 2024 |  | 2023
Gain (loss) on debt extinguishment | $ | (12,325) |  |  | $ | (1,766) |  |  | $ | 18,545 |
Gain on warrants remeasurement | 2,225 |  |  | 2,176 |  |  | 417 |
Interest income | 3,316 |  |  | 3,977 |  |  | 1,946 |
Gain (loss) on sale of assets | — |  |  | (179) |  |  | 1,821 |
Other income (expense) | (3,616) |  |  | (731) |  |  | 501 |
Other income (expense), net | $ | (10,400) |  |  | $ | 3,477 |  |  | $ | 23,230 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/210/tableOfContent + Details
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