v3.26.1
STOCK-BASED COMPENSATION - (Tables)
 3 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Activity, by Award Type
The Company's stock-based compensation activity for the three months ended June 30, 2026 and 2025, by award type, was (dollars in thousands):
For the three months ended
June 30,
20262025
Stock options$299 $705 
Restricted stock units, time-vesting13,197 17,817 
Restricted stock units, performance-based6,260 4,933 
Habu restricted stock awards4 25 
Habu acquisition consideration holdback689 1,219 
Employee stock purchase plan235 398 
Directors stock-based compensation258 313 
Total non-cash stock-based compensation included in the condensed consolidated statements of operations20,942 25,410 
Less expense related to liability-based equity awards(689)(1,210)
Total non-cash stock-based compensation included in the condensed consolidated statements of equity$20,253 $24,200 
Schedule of Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item
The effect of stock-based compensation expense on operations, by financial statement line item, was (dollars in thousands):
For the three months ended
June 30,
20262025
Cost of revenue$1,097 $1,541 
Research and development5,829 8,332 
Sales and marketing3,975 6,014 
General and administrative10,041 9,523 
Total non-cash stock-based compensation included in the condensed consolidated statements of operations$20,942 $25,410 
Schedule of Share-based Compensation Arrangement by Share Based Payment Award, Future Expense
The following table provides the expected future expense for all of the Company's outstanding equity awards at June 30, 2026, by award type. The amount for fiscal 2027 represents the remaining nine months ending March 31, 2027. All other periods represent fiscal years ending March 31 (dollars in thousands):
For the years ending March 31,
2027202820292030Total
Stock options$640 $95 $— $— $735 
Restricted stock units53,175 49,145 24,955 2,276 129,551 
Habu acquisition consideration holdback1,607 — — — 1,607 
Expected future expense$55,422 $49,240 $24,955 $2,276 $131,893 
Schedule of Option Activity
Stock options activity for the three months ended June 30, 2026 was:
Weighted-average
Weighted-averageremainingAggregate
Number ofexercise pricecontractual termIntrinsic value
sharesper share(in years)(in thousands)
Outstanding at March 31, 202690,610 $9.69 
Exercised(20,317)$10.03 $556 
Forfeited or canceled(3,736)$12.67 
Outstanding at June 30, 202666,557 $9.42 6.4$1,878 
Exercisable at June 30, 202641,384 $9.31 6.2$1,172 
Schedule of Stock Options Outstanding and Exercisable
A summary of stock options outstanding and exercisable as of June 30, 2026 was:
Options outstandingOptions exercisable
Range ofWeighted-averageWeighted-averageWeighted-average
exercise priceOptionsremainingexercise priceOptionsexercise price
per shareoutstandingcontractual lifeper shareexercisableper share
$1.20 —$9.99 66,557 6.4 years$9.42 41,384 $9.31 
66,557 6.4 years$9.42 41,384 $9.31 
Schedule of Changes in Restricted Stock
Habu restricted stock share activity for the three months ended June 30, 2026 was:

Weighted average
fair value perWeighted average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Unvested restricted stock awards at March 31, 2026160 $39.48 0.3
Vested(106)$39.48 
Forfeited or canceled(54)$39.48 
Unvested restricted stock awards at June 30, 2026— $— 0.0
Schedule of Time-vesting Restricted Stock Unit Activity
RSU activity for the three months ended June 30, 2026 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 20262,921,142 $30.36 1.89
Granted1,306,908 $37.77 
Vested(768,308)$30.33 
Forfeited or canceled(144,008)$32.47 
Outstanding at June 30, 20263,315,734 $33.20 2.15
Schedule of Non-vested Performance-based Restricted Stock Units Activity
PSU activity for the three months ended June 30, 2026 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 20261,445,075 $33.43 1.06
Granted345,123 $44.28 
Vested(432,580)$29.56 
Forfeited or canceled(57,178)$35.28 
Outstanding at June 30, 20261,300,440 $37.51 1.64