Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2026

Cash and cash equivalents were as follows (in thousands):


	As of March 31, 2026
	Fair Value		Cash and Cash Equivalents		Restricted Cash (Current & Non-current)
Cash	$	74,645	$	72,943	$	1,702
Level 1:
Money market funds	20,317		20,317		—





Total assets	$	94,962	$	93,260	$	1,702


	As of March 31, 2025
	Fair Value		Cash and Cash Equivalents		Restricted Cash (Current & Non-current)
Cash	$	64,765	$	63,953	$	812
Level 1:
Money market funds	24,559		24,097		462





Total assets	$	89,324	$	88,050	$	1,274

Schedule of Assumptions Used in Determination of Fair Value

The following table presents additional information about valuation techniques and inputs used for the detachable warrants (see Note 8, Convertible Senior Notes and Term Loan) that are measured at fair value and categorized within Level 3 as of March 31, 2026 and March 31, 2025 (dollars in thousands):


	March 31, 2026			March 31, 2025
Estimated fair value of detachable warrants	$	233		$	1,096
Unobservable inputs:
Stock volatility	78.8		%	79.8		%
Risk-free rate	3.7		%	3.9		%
Expected term	1.3 years			2.4 years