LEASES (Tables)

3 Months Ended

Jun. 30, 2026

Leases [Abstract]

Summary of Assets Leased from Third Parties

A summary of Orion’s assets leased from third parties follows (dollars in thousands):


		Balance sheet classification		June 30, 2026				March 31, 2026
Assets
Operating lease assets		Other long-term assets		$	2,873			$	2,673
Liabilities
Current liabilities
Operating lease liabilities		Accrued expenses and other		$	792			$	715
Non-current liabilities
Operating lease liabilities		Other long-term liabilities			2,236				2,115
Total lease liabilities				$	3,028			$	2,830

Summary of Estimated Maturity of Lease Liabilities

The estimated maturity of lease liabilities for each of the remaining years is shown below (dollars in thousands):


Maturity of Lease Liabilities		Operating Leases
Fiscal 2027 (period remaining)		$	734
Fiscal 2028			951
Fiscal 2029			980
Fiscal 2030			745
Total lease payments		$	3,410
Less: Interest			(382	)
Present value of lease liabilities		$	3,028

Schedule of Revenue and Cost of Sales Arising from Sales-Type Leases

The following chart shows the amount of revenue and cost of sales arising from sales-type leases during the quarter ended June 30, 2026 and 2025 (dollars in thousands):


		Three Months Ended June 30,
		2026				2025
Product revenue		$	—			$	138
Cost of product revenue		$	—			$	51