v3.25.2
Fair Value Measurements
 12 Months Ended
Mar. 31, 2025
Fair Value Disclosures [Abstract]  
Fair Value Measurements Fair Value Measurements
The following tables show the our cash, cash equivalents and marketable securities at fair value as of March 31, 2025 and 2024 (in thousands):
March 31, 2025
Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents:
Cash and money market funds$67,131 $— $— $67,131 
Marketable securities
U.S. treasury securities— 13,351 — 13,351 
Total$67,131 $13,351 $— $80,482 
March 31, 2024
Level 1Level 2Level 3Total
Assets:
Cash and cash equivalents:
Cash and money market funds$119,166 $— $— $119,166 
Total$119,166 $— $— $119,166 
The carrying amounts of the our prepaid and other current assets, accounts payable, and accrued liabilities, approximate fair value due to their short maturities. We had no financial liabilities measured at fair value on a recurring basis at March 31, 2025 or 2024. There were no transfers between Levels 1, 2 or 3 for any of the periods presented.
We did not record any impairment charges related to our marketable debt securities during the year ended March 31, 2025 or 2024.
The following table summarizes our marketable securities as of March 31, 2025 (in thousands):

March 31, 2025
Maturity (in years)Amortized CostUnrealized GainsUnrealized LossesFair Value
U.S. treasury notesLess than 1$13,346 $5 $— $13,351 
Total$13,346 $5 $— $13,351 

We did not hold any marketable securities as of March 31, 2024.