Investments and Fair Value Measurements (Tables)
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3 Months Ended |
Jun. 30, 2026 |
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| Fair Value Disclosures [Abstract] |
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| Schedule of Debt Securities, Available-for-Sale |
The following table summarizes the amortized cost, unrealized gains and losses, and fair value of the Company’s available-for-sale securities, including those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | U.S. treasury securities | $ | 70,968 | | | $ | 19 | | | $ | (223) | | | $ | 70,764 | | | Corporate debt securities | 23,800 | | | 18 | | | (47) | | | 23,771 | | | | | | | | | | | U.S. government agency securities | 1,251 | | | — | | | (2) | | | 1,249 | | | Total | $ | 96,019 | | | $ | 37 | | | $ | (272) | | | $ | 95,784 | |
| | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Amortized Cost | | Gross Unrealized Gains | | Gross Unrealized Losses | | Fair Value | | U.S. treasury securities | $ | 92,611 | | | $ | 74 | | | $ | (105) | | | $ | 92,580 | | | Corporate debt securities | 25,491 | | | 23 | | | (44) | | | 25,470 | | | U.S. government agency securities | 3,987 | | | — | | | (1) | | | 3,986 | | | Commercial paper | 2,588 | | | — | | | — | | | 2,588 | | | Total | $ | 124,677 | | | $ | 97 | | | $ | (150) | | | $ | 124,624 | |
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| Schedule of Investments Classified by Contractual Maturity Date |
As of June 30, 2026, the fair values of available-for-sale securities, excluding those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets, by remaining contractual maturity were as follows (in thousands): | | | | | | | June 30, 2026 | | Due within one year | $ | 51,084 | | | Due in one year through five years | 43,701 | | | Total | $ | 94,785 | |
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| Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis |
The following tables present the Company’s financial assets that have been measured at fair value on a recurring basis as of June 30, 2026 and March 31, 2026 and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2026 | | Level 1 | | Level 2 | | Level 3 | | Total | | Cash equivalents: | | | | | | | | | Money market funds | $ | 287,898 | | | $ | — | | | $ | — | | | $ | 287,898 | | | U.S. treasury securities | — | | | 999 | | | — | | | 999 | | | | | | | | | | | | | | | | | | | Marketable securities: | | | | | | | | | Mutual funds | 3,378 | | | — | | | — | | | 3,378 | | | U.S. treasury securities | — | | | 69,765 | | | — | | | 69,765 | | | Corporate debt securities | — | | | 23,771 | | | — | | | 23,771 | | | | | | | | | | | U.S. government agency securities | — | | | 1,249 | | | — | | | 1,249 | | | Total financial assets | $ | 291,276 | | | $ | 95,784 | | | $ | — | | | $ | 387,060 | |
| | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2026 | | Level 1 | | Level 2 | | Level 3 | | Total | | Cash equivalents: | | | | | | | | | Money market funds | $ | 528,169 | | | $ | — | | | $ | — | | | $ | 528,169 | | | | | | | | | | | | | | | | | | | | | | | | | | | Marketable securities: | | | | | | | | | Mutual funds | 2,165 | | | — | | | — | | | 2,165 | | | U.S. treasury securities | — | | | 92,580 | | | — | | | 92,580 | | | Corporate debt securities | — | | | 25,470 | | | — | | | 25,470 | | | U.S. government agency securities | — | | | 3,986 | | | — | | | 3,986 | | | Commercial paper | — | | | 2,588 | | | — | | | 2,588 | | | Total financial assets | $ | 530,334 | | | $ | 124,624 | | | $ | — | | | $ | 654,958 | |
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