v3.25.4
Segment Reporting (Tables)
 9 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Adjusted EBITDA by Segment
The following table sets forth Adjusted EBITDA by segment:

Three Months Ended 
December 31,		Nine Months Ended 
December 31,
2025202420252024
Adjusted EBITDA:
K-12$10,462 $25,941 $278,808 $302,915 
Higher Education107,780 80,847 274,567 232,815 
Global Professional11,024 10,172 33,794 33,282 
International4,082 6,436 18,671 30,557 
Other2,519 2,812 7,849 (4,430)
Total Adjusted EBITDA $135,867 $126,208 $613,689 $595,139 
Schedule of Reconciliation of Adjusted EBITDA to Net Income (Loss)
The following table provides a reconciliation of total Adjusted EBITDA to Net income (loss):

Three Months Ended 
December 31,		Nine Months Ended 
December 31,
2025202420252024
Total Adjusted EBITDA$135,867 $126,208 $613,689 $595,139 
Interest (expense) income, net(47,358)(68,877)(162,072)(229,899)
Income tax benefit (provision)4,950 (8,210)(10,939)24,611 
Depreciation, amortization and product development amortization(95,671)(89,787)(276,347)(275,843)
Restructuring and cost savings implementation charges(3,894)(3,688)(8,774)(17,010)
Advisory fees— (2,500)(3,125)(7,500)
Transaction and integration costs(548)(656)(818)(2,520)
Stock-based compensation(661)— (31,737)— 
Gain (loss) on extinguishment of debt(8,183)— (24,544)(2,719)
Other(4,701)(5,418)(9,746)(13,231)
Net income (loss) $(20,199)$(52,928)$85,587 $71,028 
Schedule of Revenue and Long-lived Assets by Geographic Region
The following tables summarizes revenue and long-lived assets by geographic region:

Revenue (1)
Three Months Ended 
December 31,		Nine Months Ended 
December 31,
2025202420252024
United States$389,133 $371,215 $1,490,267 $1,468,594 
International45,029 45,278 148,792 159,443 
Total $434,162 $416,493 $1,639,059 $1,628,037 
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(1)
Revenues are attributed to a geographic region based on the location of customer.

Long-Lived Assets (2)
As of
December 31, 2025March 31, 2025
United States$685,453 $646,104 
International33,484 31,773 
Total $718,937 $677,877 
__________________
(2)
Reflects total assets less current assets, goodwill, intangible assets, investments, deferred financing costs and non-current deferred tax assets.