v3.26.1
Property and Equipment, Net
 12 Months Ended
Mar. 31, 2026
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
Property and equipment, net consisted of the following (in thousands):
As of March 31,
20262025
Furniture and equipment$1,977 $2,140 
Computers and software295 689 
Leasehold improvements816 816 
Internal-use software development costs46,324 34,958 
Total property and equipment49,412 38,603 
Less: accumulated depreciation and amortization(31,332)(24,947)
Total property and equipment, net$18,080 $13,656 
Depreciation and amortization expense on property and equipment for the fiscal years ended March 31, 2026, 2025, and 2024 was $7.9 million, $6.4 million and $5.7 million, respectively. Included in these amounts was amortization expense for internal-use software development costs of $7.4 million, $5.8 million and $5.0 million for the fiscal years ended March 31, 2026, 2025, and 2024, respectively.
During the years ended March 31, 2026, 2025, and 2024, the Company capitalized $12.6 million, $8.4 million, and $6.8 million, respectively, of internal-use software development costs, which are included in property and equipment, net on the consolidated balance sheets.
During the second quarter of fiscal 2025, an immaterial impairment charge was recognized on property and equipment in connection with a sublease. See Note 12—Restructuring and Impairment Charges for further details. No other impairment was recognized on property and equipment during the fiscal years ended March 31, 2026, 2025, and 2024.