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STOCK-BASED COMPENSTION PLANS (Tables)

12 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following is a summary of stock option activity for the fiscal year ended March 31, 2022:

			Number Options Outstanding						Weighted- Average Exercise Price						Weighted-Average Remaining Contractual Life (Years)						Aggregate Intrinsic Value
Outstanding as of March 31, 2021			29,454,960						2.08						5.34						$	251,553
Granted			1,435,386						7.70
Exercised			(7,322,815)						0.56
Cancelled or forfeited			(4,167,331)						3.22
Expired			(68,564)						0.06
Outstanding as of March 31, 2022			19,331,636						$	2.83					7.17						$	38,332
Vested and expected to vest as of March 31, 2022			17,759,831						$	2.52					7.04						$	37,058
Exercisable as of March 31, 2022			13,877,397						$	1.71					6.65						$	32,724

Summary of Assumptions for Black-Scholes Option Pricing Model

			Fiscal Year Ended March 31,
			2022						2021						2020
Expected term (years)			5.24						5.26						5.08
Expected volatility			62.96		%				76.48		%				45.65		%
Risk-free interest rate			1.16		%				0.19		%				1.71		%
Expected dividend yield			—		%				—		%				—		%

Summary of Stock-based Compensation Expense by Function

The following table summarizes the total stock-based compensation expense by function for the fiscal years ended March 31, 2022, 2021, and 2020 which includes expense related to options and restricted stock units (in thousands):

						Fiscal Year ended
						March 31,
						2022						2021						2020
General and administrative						$17,063						$6,298						$1,757
Advertising and marketing						797						224						60
Total stock-based compensation expense						$17,861						$6,522						$1,817

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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