Balance Sheet Components (Tables)
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3 Months Ended |
Jun. 30, 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: | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | (in thousands) | Prepaid expenses | $ | 6,023 | | | $ | 8,827 | | Insurance receivables | 18,054 | | | 18,497 | | Advances to employees | 2,017 | | | 3,101 | | Other receivables | 961 | | | 1,379 | | Other current assets | 2,065 | | | 2,826 | | Prepaid expenses and other current assets | $ | 29,120 | | | $ | 34,630 | |
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Schedule of Property and Equipment, Net |
Property and equipment, net consisted of the following: | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | (in thousands) | Computer equipment and software | $ | 2,682 | | | $ | 2,713 | | Laboratory equipment and software | 34,653 | | | 34,681 | | Furniture and office equipment | 782 | | | 836 | | Leasehold improvements | 962 | | | 967 | | Property and equipment, gross | 39,079 | | | 39,197 | | Less: accumulated depreciation and amortization | (38,097) | | | (37,939) | | Property and equipment, net | $ | 982 | | | $ | 1,258 | |
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Schedule of Operating Lease, Right-of-Use Assets, Net |
Operating lease right-of-use (“ROU”) assets, net consisted of the following: | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | (in thousands) | Operating lease ROU assets | $ | 2,408 | | | $ | 2,408 | | Less: accumulated amortization | (1,956) | | | (1,875) | | Operating lease ROU assets, net | $ | 452 | | | $ | 533 | |
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Schedule of Internal Use Software |
Internal-use software, net consisted of the following: | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | (in thousands) | Capitalized internal-use software | $ | 43,148 | | | $ | 41,633 | | Less: accumulated amortization | (24,082) | | | (22,237) | | Internal-use software, net | $ | 19,066 | | | $ | 19,396 | |
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Schedule of Intangible Assets, Net |
Intangible assets, net consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 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 | 6.3 | | 9,000 | | | (3,300) | | | 5,700 | | Trademark | 1.3 | | 11,000 | | | (8,067) | | | 2,933 | | Developed technology | 3.3 | | 24,100 | | | (12,624) | | | 11,476 | | Non-compete agreements | 1.3 | | 2,800 | | | (2,053) | | | 747 | | Patents | 3.4 | | 5,500 | | | (3,001) | | | 2,499 | | Total intangible assets | | | $ | 67,300 | | | $ | (43,945) | | | $ | 23,355 | |
| | | | | | | | | | | | | | | | | | | | | | | | | 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 | |
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Schedule of Accrued Expense and Other Current Liabilities |
Accrued expense and other current liabilities consisted of the following: | | | | | | | | | | | | | June 30, 2025 | | March 31, 2025 | | (in thousands) | Accrued payables | $ | 4,789 | | | $ | 4,221 | | Accrued legal expenses | 27,097 | | | 1,210 | | Accrued compensation and benefits | 2,052 | | | 3,444 | | Accrued vacation | 87 | | | 68 | | Accrued bonus | 4,095 | | | 6,123 | | | | | | Accrued taxes and other | 302 | | | 433 | | Total accrued expenses and other current liabilities | $ | 38,422 | | | $ | 15,499 | |
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