v3.26.1
Equity (Tables)
 12 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Common Stock Reserved for Issuance
The Company has shares of common stock reserved for issuance as follows (in thousands):
March 31, 2026
Common stock warrants194 
2010 Plan
Options outstanding7,896 
2021 Plan
Awards outstanding
5,925 
Shares available for future grant41,616 
2021 ESPP11,500 
Options outstanding outside the Plans2,568 
Total69,699 
Schedule of Stock Option Activity
Stock option activities within the Plans as well as outside of the Plans were as follows:
Number of Shares
(in thousands)
Weighted-Average
Exercise Price
Average Remaining Contractual Term
(in years)
Aggregate Intrinsic Value (in thousands)
Balance, March 31, 202513,013 $4.82 4.92$692,422 
Options exercised(2,399)3.63 
Options forfeited or expired(150)7.06 
Balance, March 31, 202610,464 5.06 3.97190,827 
Vested and exercisable as of March 31, 20269,133 4.63 3.84170,507 
Vested and expected to vest as of March 31, 202610,464 5.06 3.97190,827 
Schedule of Restricted Stock Unit Activity
The following table summarizes RSU activity (in thousands, except per share information):
Number of Shares
Weighted-
Average
Grant Date Fair Value
Unvested balance, March 31, 20253,347 $31.66 
Granted2,318 52.92 
Vested(2,001)37.04 
Forfeited(323)37.24 
Unvested balance, March 31, 20263,341 42.65 
Schedule of Performance Based Units Activity
The following table summarizes PSU activity (in thousands, except per share information):
Number of Shares
Weighted-
Average
Grant Date Fair Value
Unvested balance, March 31, 2025480 $40.28 
Granted2,648 33.50 
Vested(482)25.52 
Forfeited(62)33.77 
Unvested balance, March 31, 20262,584 36.24 
Schedule of Stock-Based Compensation Expense
Total stock-based compensation expense recognized in the consolidated statement of operations was as follows (in thousands):
Fiscal Year Ended March 31,
202620252024
Cost of revenue$11,680 $11,001 $9,479 
Research and development46,159 19,394 11,978 
Sales and marketing39,397 26,323 16,857 
General and administrative24,391 15,668 9,116 
Restructuring
— — 3,646 
Total stock-based compensation expense$121,627 $72,386 $51,076