Balance Sheet Components (Tables)
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12 Months Ended |
Mar. 31, 2025 |
Balance Sheet Related Disclosures [Abstract] |
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Schedule of Prepaid Expense and Other Current Assets |
Prepaid expense and other current assets consisted of the following: | | | | | | | | | | | | | March 31, 2025 | | March 31, 2024 | | (in thousands) | Prepaid expenses | $ | 8,827 | | | $ | 7,896 | | Insurance receivables | 18,497 | | | 2,188 | | Advances to employees | 3,101 | | | — | | Other receivables | 1,379 | | | 3,563 | | Other current assets | 2,826 | | | 1,794 | | Prepaid expenses and other current assets | $ | 34,630 | | | $ | 15,441 | |
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Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following: | | | | | | | | | | | | | March 31, 2025 | | March 31, 2024 | | (in thousands) | Computer equipment and software | $ | 2,713 | | | $ | 7,347 | | Laboratory equipment and software | 34,681 | | | 34,539 | | Furniture and office equipment | 836 | | | 7,416 | | Leasehold improvements | 967 | | | 31,250 | | Capitalized asset retirement obligations | — | | | 853 | | Property and equipment, gross | 39,197 | | | 81,405 | | Less: accumulated depreciation and amortization | (37,939) | | | (58,906) | | Property and equipment, net | $ | 1,258 | | | $ | 22,499 | |
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Schedule of Operating Lease, Right-of-Use Assets, Net |
Operating lease right-of-use assets, net consisted of the following: | | | | | | | | | | | | | March 31, 2025 | | March 31, 2024 | | (in thousands) | Operating lease right-of-use assets | 2,408 | | | 56,662 | | Less: accumulated amortization | (1,875) | | | (18,533) | | Operating lease right-of-use assets, net | 533 | | | 38,129 | |
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Schedule of Internal-Use Software |
Internal-use software, net consisted of the following: | | | | | | | | | | | | | March 31, 2025 | | March 31, 2024 | | (in thousands) | Capitalized internal-use software | $ | 41,633 | | | $ | 35,918 | | Less: accumulated amortization | (22,237) | | | (15,402) | | Internal-use software, net | $ | 19,396 | | | $ | 20,516 | |
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Schedule of Intangible Assets, Net |
Intangible assets, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2025 | | Weighted Average Remaining Useful Life (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | (in thousands, except years) | Customer relationships | 0.0 | | $ | 14,900 | | | $ | (14,900) | | | $ | — | | Partnerships | 6.6 | | 9,000 | | | (3,075) | | | 5,925 | | Trademark | 1.6 | | 11,000 | | | (7,517) | | | 3,483 | | Developed technology | 3.6 | | 24,100 | | | (11,763) | | | 12,337 | | Non-compete agreements | 1.6 | | 2,800 | | | (1,913) | | | 887 | | Patents | 3.6 | | 5,500 | | | (2,797) | | | 2,703 | | Total intangible assets | | | $ | 67,300 | | | $ | (41,965) | | | $ | 25,335 | |
| | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2024 | | Weighted Average Remaining Useful Life (Years) | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | (in thousands, except years) | Customer relationships | 0.0 | | $ | 14,900 | | | $ | (14,900) | | | $ | — | | Partnerships | 7.6 | | 9,000 | | | (2,175) | | | 6,825 | | Trademark | 2.6 | | 11,000 | | | (5,317) | | | 5,683 | | Developed technology | 4.6 | | 24,100 | | | (8,320) | | | 15,780 | | Non-compete agreements | 2.6 | | 2,800 | | | (1,353) | | | 1,447 | | Patents | 4.5 | | 5,500 | | | (1,980) | | | 3,520 | | Total intangible assets | | | $ | 67,300 | | | $ | (34,045) | | | $ | 33,255 | |
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Schedule of Future Amortization of Intangible Assets |
Estimated future amortization expense of the identified intangible assets as of March 31, 2025 was as follows: | | | | | | | Estimated Amortization | | (in thousands) | Fiscal years ending March 31, | | 2026 | $ | 7,919 | | 2027 | 6,769 | | 2028 | 5,006 | | 2029 | 3,175 | | 2030 | 993 | | Thereafter | 1,473 | | Total estimated future amortization expense | $ | 25,335 | |
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Schedule of Accrued Expense and Other Current Liabilities |
Accrued expense and other current liabilities consisted of the following: | | | | | | | | | | | | | March 31, 2025 | | March 31, 2024 | | (in thousands) | Accrued payables | 4,221 | | | $ | 9,623 | | Accrued settlement and legal expenses | 1,210 | | | 3,260 | | Accrued compensation and benefits | 3,444 | | | 3,725 | | Accrued vacation | 68 | | | 6,528 | | Accrued bonus | 6,123 | | | 6,588 | | Accrued taxes and other | 433 | | | 1,108 | | Total accrued expenses and other current liabilities | 15,499 | | | $ | 30,832 | |
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