v3.26.1
LEASES (Tables)
12 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Operating Lease Assets and Liabilities
The following schedule represents the components of the Company’s operating lease assets as of March 31, 2026 and 2025 (in thousands):
March 31,
LeasesConsolidated Balance Sheets Location20262025
Assets
OperatingOperating lease right-of-use assets$24,799 $28,277 
Total operating lease assets
$24,799 $28,277 
Liabilities
Operating lease liabilities (current)Operating lease liabilities, current$5,211 $5,798 
Operating lease liabilities (non-current)Operating lease liabilities$32,466 $36,802 
Total operating lease liabilities
$37,677 $42,600 
Schedule of Lease Cost and Other Information
The following schedule represents the components of operating lease expense for the fiscal years ended March 31, 2026 and 2025 (in thousands):
Fiscal Year Ended
Consolidated Statements of Operations and
Comprehensive Loss Location
March 31, 2026March 31, 2025
Operating lease costsGeneral and administrative$7,110 $7,096 
Short-term lease costs
General and administrative
24 63 
Sublease incomeOther income(1,202)(611)
Total lease costs$5,932 $6,548 
Other operating leases information:
March 31, 2026March 31, 2025
Cash paid for amounts included in the measurement of lease liabilities$8,555 $8,476 
Right-of-use assets obtained in exchange for new lease liabilities$794 $— 
Weighted-average remaining term (years)9.49.7
Weighted average discount rate7.3 %7.1 %
Schedule of Operating Lease Liability Maturity
As of March 31, 2026, the Company’s maturity of operating lease liabilities in the years through March 31, 2030, and thereafter are as follows (in thousands):
Operating Leases
2027$8,568 
20288,819 
20299,155 
20305,854 
20315,444 
Thereafter26,063 
Total lease payments63,903 
Less: imputed interest(26,226)
Present value of lease liabilities$37,677