v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net income (loss) $ 145,253 $ 444,380
Adjustments to reconcile net income to cash provided by operations:    
Depreciation 13,744 13,851
Amortization 4,151 27,603
Share-based compensation 226,627 201,499
Deferred income taxes 18,474 (378,795)
Other (7,917) 4,135
Net change in operating assets and liabilities:    
Accounts receivable 168,032 204,251
Deferred commissions (23,854) (3,035)
Prepaid expenses and other assets 9,004 (21,573)
Accounts payable and accrued expenses (30,448) (27,608)
Operating leases, net 1,456 434
Deferred revenue (189,033) (168,513)
Net cash provided by operating activities 335,489 296,629
Cash flows from investing activities:    
Purchase of property and equipment (18,215) (11,540)
Capitalized software additions (194) 0
Acquisition of a business, net of cash acquired 0 (100)
Purchases of investments (108,858) (107,989)
Proceeds from sales and maturities of investments 103,882 68,145
Net cash used in investing activities (23,385) (51,484)
Cash flows from financing activities:    
Proceeds from employee stock purchase plan 24,390 21,159
Proceeds from exercise of stock options 4,701 14,903
Repurchases of common stock (255,033) (130,100)
Taxes paid related to net share settlement of equity awards (19,634) (16,338)
Other (3,866) (1,656)
Net cash used in financing activities (249,442) (112,032)
Effect of exchange rates on cash and cash equivalents 11,833 (4,614)
Net increase in cash and cash equivalents 74,495 128,499
Cash and cash equivalents, beginning of period 1,017,039 778,983
Cash and cash equivalents, end of period 1,091,534 907,482
Supplemental cash flow data:    
Cash paid for interest 572 575
Cash paid for tax, net $ 83,620 $ 84,344