v3.25.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities    
Net loss $ (120,613) $ (87,150)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 18,510 13,455
Depreciation on property and equipment 107 80
Non-cash lease expense 24 66
Changes in operating assets and liabilities:    
Accounts receivable 129 2,927
Prepaid expenses and other current assets 498 (1,849)
Other assets (1,361) 0
Accounts payable (9,401) 3,879
Accrued expenses and other current liabilities (5,304) (7,607)
Net cash used in operating activities (117,411) (76,199)
Cash flows from investing activities    
Purchase of property and equipment 0 (182)
Net cash used in investing activities 0 (182)
Cash flows from financing activities    
Proceeds from stock options exercised 2,918 686
Net cash provided by financing activities 2,918 686
Effect of exchange rate changes on cash and cash equivalents (566) 335
Net change in cash and cash equivalents (115,059) (75,360)
Cash and cash equivalents – beginning of period 713,971 635,365
Cash and cash equivalents – end of period $ 598,912 $ 560,005