XML 45 R9.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue
 12 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
The following tables set forth the revenue geographic information for each period (in thousands):
Years Ended March 31,
202520242023
United States$478,338 $507,507 $536,678 
United Kingdom124,124 121,920 107,585 
Other International112,608 99,278 99,675 
Total revenue$715,070 $728,705 $743,938 
Contract Balances
The following table provides amounts of contract assets and deferred revenue from contracts with customers (in thousands):
March 31, 2025March 31, 2024
Contract assets, current (component of Other current assets)$7,009 $9,453 
Contract assets, non-current (component of Other assets)7,268 7,879 
Deferred revenue, current37,751 34,325 
Deferred revenue, non-current706 7,810 
Contract assets are recorded for contract consideration not yet invoiced but for which the performance obligations are completed. Contract assets, net of allowances for credit losses, are included in other current assets or other assets in the Company's consolidated balance sheets, depending on if their reduction will be recognized during the succeeding twelve-month period or beyond. The allowance applied to our contract assets as of March 31, 2025 and 2024 and the activity in this account, including the current-period provision for expected credit losses for the years ended March 31, 2025, 2024 and 2023, were not material.
The change in contract assets was primarily driven by billing customers for amounts that had previously been recognized in revenue but not yet billed. During the year ended March 31, 2025, 2024, and 2023, the Company recognized revenue of approximately $34.7 million, $38.7 million, and $33.7 million that was included in deferred revenue at the beginning of the fiscal year, respectively.
Remaining Performance Obligations
The Company's subscription terms typically range from one year to five years. Contract revenue from the remaining performance obligations that had not yet been recognized as of March 31, 2025 was approximately $780.0 million. This amount excludes contracts with an original expected length of less than one year. The Company expects to recognize revenue on approximately 84% of the remaining performance obligations over the next 24 months and approximately 16% over the remainder of the subscription period. For purposes of this disclosure, the Company excludes contracts with an original expected length of less than one year.
Deferred Contract Acquisition Costs
Deferred sales commissions are considered incremental and recoverable costs of acquiring customer contracts. Amortization of deferred contract acquisition costs for the years ended March 31, 2025, 2024, and 2023 was $38.0 million, $40.2 million, and $38.2 million, respectively. There were no material write-offs during the years ended March 31, 2025, 2024, and 2023.
The following table provides amounts of deferred contract acquisition costs from contracts with customers (in thousands):
March 31, 2025March 31, 2024
Deferred contract acquisition costs$30,935 $35,933 
Deferred contract acquisition costs, non-current44,239 52,859