v3.25.2
Stock-Based Compensation (Tables)
 12 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes stock option activity:
Number of SharesWeighted-Average Exercise Price
(per share)		Weighted-Average Remaining
Contractual
Life
(in years)		Aggregate Intrinsic Value
(in thousands)
Options outstanding as of March 31, 2024
5,797,869 $13.26 5.39$2,423 
Granted2,286,553 2.71 
Exercised(95,318)3.21 
Forfeited / Expired(749,721)21.90 
Options outstanding as of March 31, 2025
7,239,383 $9.13 6.02$3,738 
Exercisable as of March 31, 2025
4,816,583 $11.23 4.44$2,762 
Schedule of RSU, PSU and RSA Activity
The following table summarizes RSU, PSU, and RSA activity:
Number of SharesWeighted-Average Grant Date Fair Value
Unvested restricted shares outstanding as of March 31, 2024
3,919,842 $12.44 
Granted6,837,052 2.88 
Vested(3,937,366)6.62 
Forfeited(1,243,584)5.86 
Unvested restricted shares outstanding as of March 31, 2025
5,575,944 $5.53 
Schedule of Market-based Assumptions The assumptions utilized in this model during fiscal years 2025, 2024, and 2023 are presented below.
 Year ended March 31,
 202520242023
Risk-free interest rate
3.66% to 4.44%
3.82% to 4.29%
2.71% to 4.38%
Expected life of the options (years)
4.81 to 4.82
4.70 to 4.72
5.27 to 5.33
Expected volatility
94% to 97%
88% to 88%
72% to 80%
Expected dividend yield—%—%—%
Schedule of Intrinsic Value of Stock Option
Total fair value of options vested and total intrinsic value of options exercised was as follows for the fiscal years presented:
 Year ended March 31,
 202520242023
Total fair value of options vested$7,779 $12,334 $15,375 
Total intrinsic value of options exercised$138 $6,441 $16,909