v3.26.1
Leases
3 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases Leases
The Company has non-cancelable operating leases for the rental of office space with various expiration dates through 2030.
The components of lease expense were as follows (in thousands):
Three Months Ended June 30,
20262025
Operating lease cost, net of sublease income
$460 $470 
Variable lease cost15 15 
Total lease cost$475 $485 
During the second quarter of fiscal 2025, the Company executed a sublease for a portion of its Curative office space in Irving, Texas. The sublease commenced in November 2024 and has a lease term of approximately 5.5 years. The Company has classified the sublease as an operating lease. Total lease payments under the sublease are $2.4 million over the lease term of the sublease. Sublease income is recognized as a reduction of lease expense in the Company’s consolidated statements of operations.
Supplemental cash flow information related to leases was as follows (in thousands):
Three Months Ended June 30,
20262025
Cash paid for amounts included in measurement of lease liabilities—Operating cash flows$617 $684 
Supplemental balance sheet information related to leases was as follows:
June 30, 2026March 31, 2026
Weighted-average remaining lease term (in years)4.004.25
Weighted-average discount rate4.19 %4.19 %
Maturities of operating lease liabilities, excluding sublease income, as of June 30, 2026 were as follows (in thousands):
Remainder of 2027$1,880 
20282,605 
20292,667 
20302,706 
2031679 
Total future lease payments$10,537 
Less: imputed interest(864)
Present value of lease liabilities$9,673