v3.26.1
Financial instruments (Tables)
 12 Months Ended
Mar. 31, 2026
Disclosure of detailed information about financial instruments [abstract]  
Disclosure of movement in the merchant cash advances
The movement in the merchant cash advances is as follows:
20262025
$
$
Balance - Beginning of fiscal year106,169 74,236 
Principal issued
358,827 276,165 
Amounts collected(384,310)(266,904)
Transaction-based revenues from fees collected incorporating fair value movement
49,961 35,175 
General & administrative expenses from amounts deemed uncollectible
(12,205)(12,503)
Balance - End of fiscal year
118,442 106,169 
Disclosure of fair value measurement of liabilities
As at March 31, 2026 and 2025, financial instruments measured at fair value in the consolidated balance sheets were as follows:
March 31, 2026March 31, 2025
Fair
value
hierarchy
Carrying
amount
Fair
value
Fair
value
hierarchy
Carrying
amount
Fair
value
$
$

$$

Assets:
Cash and cash equivalents
Level 1453,906 453,906 Level 1558,469 558,469 
Restricted cash and restricted depositsLevel 12,230 2,230 Level 11,874 1,874 
Merchant cash advancesLevel 3118,442 118,442 Level 3106,169 106,169 
Liabilities:
Foreign exchange forward contractsLevel 2238238Level 22,4962,496
Financial instruments measured at fair value in the condensed interim consolidated balance sheet
As at March 31, 2026 and 2025, financial instruments measured at fair value in the consolidated balance sheets were as follows:
March 31, 2026March 31, 2025
Fair
value
hierarchy
Carrying
amount
Fair
value
Fair
value
hierarchy
Carrying
amount
Fair
value
$
$

$$

Assets:
Cash and cash equivalents
Level 1453,906 453,906 Level 1558,469 558,469 
Restricted cash and restricted depositsLevel 12,230 2,230 Level 11,874 1,874 
Merchant cash advancesLevel 3118,442 118,442 Level 3106,169 106,169 
Liabilities:
Foreign exchange forward contractsLevel 2238238Level 22,4962,496
Changes in the loss allowance
Changes in the loss allowance were as follows:
20262025
$$
Balance – Beginning of fiscal year6,445 5,056 
Increase3,541 4,597 
Write-offs(4,362)(3,208)
Balance – End of fiscal year5,624 6,445 
Maturity of financial liabilities
The following table presents the maturity analysis of undiscounted fixed lease payments included in the measurement of lease liabilities as at March 31, 2026:
Fiscal Year$
20276,123 
20285,700 
20294,572 
20303,928 
20311,696 
2032725 
Total undiscounted fixed lease payments
22,744 
As at March 31, 2026 and 2025, the maturity analysis of financial liabilities represented the following:
2026
<1
Year		1 to 5
Years		>5
Years		Total
$$$$
Accounts payable and accrued liabilities
80,592 — — 80,592 
Other long-term liabilities— 1,390 — 1,390 
2025
<1
Year		1 to 5
Years		>5
Years		Total
$$$$
Accounts payable and accrued liabilities73,075 — — 73,075 
Other long-term liabilities— 562 — 562 
Currency Risk The following table provides a summary of the Company's foreign exchange exposures, after taking into account relevant foreign exchange forward contracts, expressed in thousands of US dollars:
2026CADEURAUDGBP
NZD
OtherTotal
$$$$$$$
Cash and cash equivalents and restricted cash1,872 4,902 3,689 1,753 2,034 1,613 15,863 
Trade and other receivables14,512 5,952 219 3,118 930 944 25,675 
Merchant cash advances14,445 21,566 12,022 9,907 1,096 3,750 62,786 
Contract assets
2,981 10,229 4,368 6,256 — 1,544 25,378 
Accounts payable and accrued liabilities(12,608)(17,601)(3,866)(5,485)(2,351)(4,046)(45,957)
Other long-term liabilities(262)(340)(593)(133)— (9)(1,337)
Lease liabilities(7,181)(6,058)(1,467)(4,354)(950)(36)(20,046)
Net financial position exposure13,759 18,650 14,372 11,062 759 3,760 62,362 
2025CADEURAUDGBP
NZD
OtherTotal
$$$$$$$
Cash and cash equivalents and restricted cash3,600 10,019 3,244 2,759 2,151 1,469 23,242 
Trade and other receivables17,333 4,615 723 1,468 356 279 24,774 
Merchant cash advances14,359 14,291 12,921 7,671 1,348 — 50,590 
Contract assets
3,758 6,340 5,876 2,452 1 1,483 19,910 
Accounts payable and accrued liabilities(10,218)(12,383)(3,573)(613)(2,771)(3,135)(32,693)
Other long-term liabilities(192)(207)(41)(97)— (3)(540)
Lease liabilities(8,739)(3,306)(1,046)(1,957)(1,218)(63)(16,329)
Net financial position exposure19,901 19,369 18,104 11,683 (133)30 68,954 
The table below shows the immediate change in loss before income taxes of a 1% strengthening in the average exchange rate of significant currencies to which the Company has transaction exposure for the fiscal years ended March 31, 2026 and 2025. The sensitivity associated with a 1% weakening of a particular currency would be equal and opposite. This assumes that each currency moves in isolation.
CADEURAUDGBP
NZD
Other
$$$$$$
2026(404)413 417 (63)(124)(151)
2025(211)369 279 (58)(137)(105)
Hedging reserve
Hedging reserve
20262025
$$
Balance - Beginning of fiscal year
(2,496)189 
Unrealized gains (losses) on fair value that may be subsequently reclassified to consolidated statements of loss
2,154 (4,746)
Losses reclassified to direct cost of revenues, general and administrative expenses, research and development expenses, and sales and marketing expenses.
104 1,993 
Deferred income tax recovery
— 68 
Balance - End of fiscal year
(238)(2,496)