v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities      
Net income $ 196,051 $ 223,185 $ 147,582
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 14,383 10,659 10,265
Deferred income taxes 32,138 (11,592) (8,593)
Stock-based compensation, net of amounts capitalized 121,627 72,386 51,076
Non-cash lease expense 1,747 1,838 2,074
Accretion of discount on marketable securities, net (7,581) (11,655) (5,238)
Amortization of deferred contract costs 13,478 9,967 8,871
Impairment of long-lived assets 0 2,304 0
Other 314 270 2,583
Changes in operating assets and liabilities, net of effect of acquisition:      
Accounts receivable (16,879) (27,206) 3,993
Prepaid expenses and other assets (8,272) 2,762 (20,483)
Deferred contract costs (14,490) (12,051) (8,608)
Accounts payable, accrued expenses and other liabilities 4,268 (663) 8,332
Deferred revenue (8,115) 15,210 (6,080)
Operating lease liabilities (2,211) (2,149) (1,678)
Net cash provided by operating activities 326,458 273,265 184,096
Cash flows from investing activities      
Cash paid for acquisition, net of cash acquired (26,528) 0 0
Purchases of property and equipment 0 0 (147)
Purchases of intangible assets (62) 0 0
Internal-use software development costs (8,901) (6,525) (5,654)
Purchases of marketable securities (389,159) (675,557) (472,867)
Maturities of marketable securities 561,434 635,401 435,179
Sales of marketable securities 10,386 17,383 74,675
Net cash provided by (used in) investing activities 147,170 (29,298) 31,186
Cash flows from financing activities      
Proceeds from issuance of common stock upon exercise of stock options and common stock warrants 9,784 19,732 12,892
Proceeds from issuance of common stock in connection with the employee stock purchase plan 3,892 3,569 3,446
Taxes paid related to net share settlement of equity awards (40,839) (27,185) (6,756)
Repurchase of common stock (431,652) (120,293) (280,716)
Payment of contingent consideration related to a business combination (5,249) (5,470) (5,390)
Payment of excise taxes on share repurchases 0 (1,491) 0
Net cash used in financing activities (464,064) (131,138) (276,524)
Net increase (decrease) in cash and cash equivalents 9,564 112,829 (61,242)
Cash and cash equivalents, beginning of period 209,614 96,785 158,027
Cash and cash equivalents, end of period 219,178 209,614 96,785
Supplemental disclosures of cash flow information      
Cash paid for taxes, net of refunds 21,814 55,654 51,274
Non-cash financing and investing activities      
Equity awards included in purchase consideration 9,550 0 0
Capitalized stock-based compensation for internal-use software development costs 3,633 1,845 1,083
Excise tax payable on share repurchases $ 2,347 $ 0 $ 1,493