v3.26.1
Segment and Geographic Information
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM uses consolidated net income for purposes of making operating decisions, assessing financial performance and allocating resources in the budget and forecasting process and budget-to-actual reviews. As such, the Company has determined that it operates as one operating and reportable segment.
The CODM also utilizes expense information in order to assess the Company’s financial performance. The Company’s significant expenses and other segment items, as included in consolidated net income, are provided in the table below (in thousands):
Three Months Ended June 30,
20262025
Revenue$554,548 $477,349 
Adjusted cost of revenue(1)
90,998 73,107 
Adjusted research and development expenses(1)
103,428 77,908 
Adjusted sales and marketing expenses(1)
159,949 142,979 
Adjusted general and administrative expenses(1)
38,573 40,249 
Share-based compensation and related employer payroll taxes80,034 79,920 
Amortization of intangibles2,397 848 
Other segment items(2)
42,518 14,383 
Segment net income$36,651 $47,955 
Consolidated net income$36,651 $47,955 
(1) Excludes share-based compensation; employer payroll taxes on employee stock transactions; amortization of intangibles; and acquisition-related, restructuring and other-non-recurring or unusual items, which are independently reviewed by the CODM.
(2) Other segment items primarily includes interest income, net; other income, net; and income tax expense, as reported in the condensed consolidated statements of operations. Other segment items also includes $7.7 million of acquisition-related, restructuring, and other non-recurring or unusual items for the three months ended June 30, 2025. There were no acquisition-related, restructuring, and other non-recurring or unusual items for the three months ended June 30, 2026.
Revenue
Revenues by geography are based on the location of the customer (or end-customer under partner transactions). Refer to Note 3, Revenue Recognition, for a disaggregation of revenue by geographic region.
Long-lived assets, net
The following table presents the Company’s long-lived assets, net, which consists of property and equipment, net, and operating lease right-of-use asset, net, by geographic region for the periods presented (in thousands):
June 30, 2026March 31, 2026
North America$39,398 $40,905 
Europe, Middle East and Africa159,377 163,985 
Asia Pacific6,409 6,876 
Latin America807 512 
Total long-lived assets, net$205,991 $212,278