Segment Reporting (Tables)

12 Months Ended

Mar. 31, 2026

Segment expenses were disaggregated based on the information the CODM is provided on a quarterly basis considering both quantitative and qualitative factors.

The table below summarizes significant segment expenses and other items, which represent the difference between segment revenue and segment net income (loss) (in thousands):


	2026		2025
Spectrum revenue	$	6,501	$	6,031
Significant segment expenses and other segment items
Adjusted general and administrative (1)	25,721		30,654
Adjusted sales and support (2)	6,472		5,878
Adjusted product development (3)	3,982		5,489
Depreciation and amortization	464		548
Gain on exchange of intangible assets, net	(105,419)		(22,799)
Gain on sale of intangible assets, net	(34,780)		(18,294)
Interest income	(1,633)		(2,159)
Other income	(143)		(75)
Income tax expense	5,071		1,892
Other segment items (4)	16,131		16,269
Net income (loss)	$	90,635	$	(11,372)

1.Adjusted general and administrative includes expenses related to certain corporate functions, such as, executive, legal, finance, information technology, human resources and others, public company costs, bonus expense for all employees, insurance costs and other costs.

2.Adjusted sales and support includes expenses related to sales and marketing functions.

3.Adjusted product development includes expenses related to technology and product development functions.

4.Other segment items include items not deemed significant or regularly provided to the CODM, such as severance and other related charges, stock compensation and loss from disposal of long-lived assets.