v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables present the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):
As of March 31, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $8,498 $— $8,498 
Money market funds174,953 — — 174,953 
Total cash equivalents174,953 8,498 — 183,451 
Marketable securities:
Commercial paper— 11,312 — 11,312 
Corporate notes and bonds— 390,773 — 390,773 
U.S. government and agency securities124,338 3,000 — 127,338 
Total marketable securities124,338 405,085 — 529,423 
Total cash equivalents and marketable securities$299,291 $413,583 $— $712,874 
Liabilities:
Contingent earn-out consideration liability$— $— $5,910 $5,910 
Total contingent earn-out consideration liability$— $— $5,910 $5,910 
As of March 31, 2025
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $73,047 $— $73,047 
Money market funds84,475 — — 84,475 
Total cash equivalents84,475 73,047 — 157,522 
Marketable securities:
Commercial paper— 42,863 — 42,863 
Corporate notes and bonds— 502,444 — 502,444 
U.S. government and agency securities157,727 3,016 — 160,743 
Total marketable securities157,727 548,323 — 706,050 
Total cash equivalents and marketable securities$242,202 $621,370 $— $863,572 
Liabilities:
Contingent earn-out consideration liability$— $— $11,493 $11,493 
Total contingent earn-out consideration liability$— $— $11,493 $11,493 
Schedule of Fair Value, Liabilities Measured on Recurring Basis
The following tables present the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):
As of March 31, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $8,498 $— $8,498 
Money market funds174,953 — — 174,953 
Total cash equivalents174,953 8,498 — 183,451 
Marketable securities:
Commercial paper— 11,312 — 11,312 
Corporate notes and bonds— 390,773 — 390,773 
U.S. government and agency securities124,338 3,000 — 127,338 
Total marketable securities124,338 405,085 — 529,423 
Total cash equivalents and marketable securities$299,291 $413,583 $— $712,874 
Liabilities:
Contingent earn-out consideration liability$— $— $5,910 $5,910 
Total contingent earn-out consideration liability$— $— $5,910 $5,910 
As of March 31, 2025
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $73,047 $— $73,047 
Money market funds84,475 — — 84,475 
Total cash equivalents84,475 73,047 — 157,522 
Marketable securities:
Commercial paper— 42,863 — 42,863 
Corporate notes and bonds— 502,444 — 502,444 
U.S. government and agency securities157,727 3,016 — 160,743 
Total marketable securities157,727 548,323 — 706,050 
Total cash equivalents and marketable securities$242,202 $621,370 $— $863,572 
Liabilities:
Contingent earn-out consideration liability$— $— $11,493 $11,493 
Total contingent earn-out consideration liability$— $— $11,493 $11,493 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the changes in the contingent earn-out consideration liability (in thousands):
Fiscal Year Ended March 31,
20262025
Beginning fair value$11,493 $16,813 
Additions in the period— — 
Change in fair value417 680 
Payments(6,000)(6,000)
Ending fair value$5,910 $11,493