v3.26.1
Stock-Based Compensation (Tables)
 12 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity
The following table summarizes stock option activity:
Number of SharesWeighted-Average Exercise Price
(per share)		Weighted-Average Remaining
Contractual
Life
(in years)
Aggregate 
Intrinsic Value
(in thousands)
Options outstanding as of March 31, 2025
7,239,383 $9.13 6.02$3,738 
Granted1,168,725 4.45 
Exercised(1,276,341)1.93 
Forfeited / Expired(558,857)17.21 
Options outstanding as of March 31, 2026
6,572,910 $9.02 6.31$2,571 
Options exercisable as of March 31, 2026
4,441,425 $11.27 5.11$2,171 
Schedule of RSU, PSU and RSA Activity
The following table summarizes RSU, PSU, and RSA activity:
Number of SharesWeighted-Average Grant Date Fair Value
Unvested restricted shares outstanding as of March 31, 2025
5,575,944 $5.53 
Granted3,338,575 4.44 
Vested(3,332,114)5.08 
Forfeited(686,567)4.84 
Unvested restricted shares outstanding as of March 31, 2026
4,895,838 $4.83 
Schedule of Market-based Assumptions The assumptions utilized in this model during the years ended March 31, 2026, 2025, and 2024 are presented below.
 
Year Ended March 31,
 202620252024
Risk-free interest rate
3.67% to 3.81%
3.66% to 4.44%
3.82% to 4.29%
Expected life of the options (years)
4.87 to 4.89
4.81 to 4.82
4.70 to 4.72
Expected volatility
103% to 105%
94% to 97%
88% to 88%
Expected dividend yield—%—%—%
Schedule of Intrinsic Value of Stock Option
Total fair value of options vested and total intrinsic value of options exercised were as follows for the fiscal years presented:
 
Year Ended March 31,
 202620252024
Total fair value of options vested$4,190 $7,779 $12,334 
Total intrinsic value of options exercised5,699 138 6,441