v3.26.1
Fair value of financial assets and liabilities
 12 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Fair value of financial assets and liabilities Fair value of financial assets and liabilities
The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:
Fair Value Measurements as of March 31, 2026 Using:
Level 1Level 2Level 3Total
Cash equivalents:
    Money market funds$— $104,275 $— $104,275 
       US Government Agency bonds— 15,998 — 15,998 
Short-term investments:
    US Government Agency bonds— 3,984 — 3,984 
    US Treasury bonds— 55,881 — 55,881 
$— $180,138 $— $180,138 
Fair Value Measurements as of March 31, 2025 Using:
Level 1Level 2Level 3Total
Cash equivalents:
Money market funds$— $89,879 $— $89,879 
Short-term investments:
US Government Agency bonds— 84,804 — 84,804 
US Treasury bonds— 287,881 — 287,881 
$— $462,564 $— $462,564 
The underlying securities held in the money market funds held by the Company are all government backed securities. During the years ended March 31, 2026 and 2025, there were no transfers between levels.
Valuation of cash equivalents and short-term investments
Money market funds, U.S. Treasury bonds and U.S. Government Agency bonds were valued by the Company using quoted prices in active markets for similar securities, which represent a Level 2 measurement within the fair value hierarchy. Cash equivalents consisted of both money market funds and U.S. Government Agency bonds at March 31, 2026 and money market funds at March 31, 2025.