v3.26.1
Fair Value Measurements (Tables)
 3 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets Measured on Recurring Basis
The following tables present the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):
As of June 30, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $74,041 $— $74,041 
Corporate notes and bonds— 4,000 — 4,000 
Money market funds186,289 — — 186,289 
Total cash equivalents186,289 78,041 — 264,330 
Marketable securities:
Commercial paper— 1,027 — 1,027 
Corporate notes and bonds— 289,600 — 289,600 
U.S. government and agency securities123,558 — — 123,558 
Total marketable securities123,558 290,627 — 414,185 
Total cash equivalents and marketable securities$309,847 $368,668 $— $678,515 
As of March 31, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $8,498 $— $8,498 
Money market funds174,953 — — 174,953 
Total cash equivalents174,953 8,498 — 183,451 
Marketable securities:
Commercial paper— 11,312 — 11,312 
Corporate notes and bonds— 390,773 — 390,773 
U.S. government and agency securities124,338 3,000 — 127,338 
Total marketable securities124,338 405,085 — 529,423 
Total cash equivalents and marketable securities$299,291 $413,583 $— $712,874 
Liabilities:
Contingent earn-out consideration liability$— $— $5,910 $5,910 
Total contingent earn-out consideration liability$— $— $5,910 $5,910 
Schedule of Fair Value, Liabilities Measured on Recurring Basis
The following tables present the fair value hierarchy for the Company’s assets and liabilities measured at fair value on a recurring basis (in thousands):
As of June 30, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $74,041 $— $74,041 
Corporate notes and bonds— 4,000 — 4,000 
Money market funds186,289 — — 186,289 
Total cash equivalents186,289 78,041 — 264,330 
Marketable securities:
Commercial paper— 1,027 — 1,027 
Corporate notes and bonds— 289,600 — 289,600 
U.S. government and agency securities123,558 — — 123,558 
Total marketable securities123,558 290,627 — 414,185 
Total cash equivalents and marketable securities$309,847 $368,668 $— $678,515 
As of March 31, 2026
Level 1Level 2Level 3Total
Cash equivalents:
Commercial paper$— $8,498 $— $8,498 
Money market funds174,953 — — 174,953 
Total cash equivalents174,953 8,498 — 183,451 
Marketable securities:
Commercial paper— 11,312 — 11,312 
Corporate notes and bonds— 390,773 — 390,773 
U.S. government and agency securities124,338 3,000 — 127,338 
Total marketable securities124,338 405,085 — 529,423 
Total cash equivalents and marketable securities$299,291 $413,583 $— $712,874 
Liabilities:
Contingent earn-out consideration liability$— $— $5,910 $5,910 
Total contingent earn-out consideration liability$— $— $5,910 $5,910 
Schedule of Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation
The following table summarizes the changes in the contingent earn-out consideration liability (in thousands):
Three Months Ended June 30,
20262025
Beginning fair value$5,910 $11,493 
Additions in the period— — 
Change in fair value90 168 
Payments(6,000)(6,000)
Ending fair value$— $5,661