v3.25.4
Leases
 9 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Leases Leases
The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2026 to 2036. As of December 31, 2025, the weighted average remaining lease term was 5.9 years and the weighted average discount rate was 4.3%. The Company did not have any finance leases as of December 31, 2025.
The following table presents information about leases on the condensed consolidated statements of operations (in thousands):
Three Months Ended December 31,Nine Months Ended December 31,

2025202420252024
Operating lease expense$4,288 $3,597 $12,452 $11,729 
Short-term lease expense$472 $644 $1,587 $1,893 
Variable lease expense $438 $355 $1,221 $1,243 

The following table presents supplemental cash flow information about the Company’s leases (in thousands):
Nine Months Ended December 31,
20252024
Cash paid for amounts included in the measurement of lease liabilities$14,213 $15,119 
Operating lease assets obtained in exchange for new operating lease liabilities (1)
$18,629 $18,696 
_________________
(1) Includes the impact of new leases as well as remeasurements and modifications of existing leases.
As of December 31, 2025, remaining maturities of lease liabilities were as follows (in thousands):
Fiscal Years Ending March 31,Amount
2026$5,160 
202720,345 
202815,988 
202914,176 
203013,107 
Thereafter27,976 
Total operating lease payments 96,752 
Less: imputed interest(10,933)
Total operating lease liabilities$85,819 

As of December 31, 2025, the Company had commitments of $91.9 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use assets or operating lease liabilities. These operating leases are expected to commence during fiscal year 2026 with lease terms ranging from 3 years to 10 years.
Leases Leases
The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2026 to 2036. As of December 31, 2025, the weighted average remaining lease term was 5.9 years and the weighted average discount rate was 4.3%. The Company did not have any finance leases as of December 31, 2025.
The following table presents information about leases on the condensed consolidated statements of operations (in thousands):
Three Months Ended December 31,Nine Months Ended December 31,

2025202420252024
Operating lease expense$4,288 $3,597 $12,452 $11,729 
Short-term lease expense$472 $644 $1,587 $1,893 
Variable lease expense $438 $355 $1,221 $1,243 

The following table presents supplemental cash flow information about the Company’s leases (in thousands):
Nine Months Ended December 31,
20252024
Cash paid for amounts included in the measurement of lease liabilities$14,213 $15,119 
Operating lease assets obtained in exchange for new operating lease liabilities (1)
$18,629 $18,696 
_________________
(1) Includes the impact of new leases as well as remeasurements and modifications of existing leases.
As of December 31, 2025, remaining maturities of lease liabilities were as follows (in thousands):
Fiscal Years Ending March 31,Amount
2026$5,160 
202720,345 
202815,988 
202914,176 
203013,107 
Thereafter27,976 
Total operating lease payments 96,752 
Less: imputed interest(10,933)
Total operating lease liabilities$85,819 

As of December 31, 2025, the Company had commitments of $91.9 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use assets or operating lease liabilities. These operating leases are expected to commence during fiscal year 2026 with lease terms ranging from 3 years to 10 years.