v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss $ (153,224) $ (120,613)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 13,774 18,510
Depreciation on property and equipment 92 107
Non-cash lease expense 27 24
Changes in operating assets and liabilities:    
Accounts receivable 436 129
Prepaid expenses and other current assets (4,953) 498
Other assets 6,763 (1,361)
Accounts payable 2,597 (9,401)
Accrued expenses and other current liabilities 10,083 (5,304)
Net cash used in operating activities (124,405) (117,411)
Cash flows from financing activities    
Proceeds from stock options exercised 20,097 2,918
Net cash provided by financing activities 20,097 2,918
Effect of exchange rate changes on cash and cash equivalents (4) (566)
Net change in cash and cash equivalents (104,312) (115,059)
Cash and cash equivalents – beginning of period 902,110 713,971
Cash and cash equivalents – end of period 797,798 598,912
Non-cash financing activity    
Issuance of common stock upon stock option exercises, cash not yet received $ 2,154 $ 0