v3.26.1
Leases
 12 Months Ended
Mar. 31, 2026
Lessee Disclosure [Abstract]  
Leases Leases
Nextpower has several commitments under operating leases for warehouses, buildings, and equipment. Leases have initial lease terms ranging from approximately one year to eleven years.
The components of lease cost recognized under ASC 842 Leases were as follow (in thousands):
Fiscal year ended March 31,
202620252024
Operating lease cost$12,383 $8,049 $2,281 
Amounts reported in the consolidated balance sheet as of March 31, 2026 and 2025 were as follows (in thousands, except weighted average lease term and discount rate):
As of March 31,
20262025
Operating Leases:
Operating lease ROU assets$50,870 $32,795 
Operating lease liabilities52,858 34,114 
Weighted-average remaining lease term (In years)6.44.9
Weighted-average discount rate5.3 %6.2 %
Other information related to leases was as follows (in thousands):
Fiscal year ended March 31,
202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases$10,882 $7,780 $2,299 
Non-cash investing and financing activity:
Right-of-use assets obtained in exchange of lease liabilities$28,360 $29,858 $15,873 
Reduction of lease liabilities and right-of-use assets from lease termination— (8,608)— 
Future lease payments under non-cancellable leases as of March 31, 2026 are as follows (in thousands):
Operating Leases
Fiscal year ended March 31,
2027$13,159 
202811,758 
202910,254 
20305,906 
20314,174 
Thereafter17,244 
Total undiscounted lease payments62,495 
Less: imputed interest9,637 
Total lease liabilities$52,858