v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 50,250 $ 38,226
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,105 5,179
Amortization of debt issuance costs 2,330 494
Amortization of deferred commissions costs 30,417 22,210
Noncash stock-based compensation 71,070 62,404
Noncash operating lease expense 3,924 3,410
Noncash change in fair value of contingent consideration 0 (545)
Noncash adjustment on headquarters sale leaseback 0 495
Deferred income taxes 7,206 9,576
Other (115) (199)
Changes in operating assets and liabilities:    
Trade accounts receivable, net 49,115 24,006
Other current assets and Other assets (28,471) (5,903)
Deferred commissions cost (40,222) (28,784)
Accounts payable (165) (88)
Accrued liabilities (8,209) (45,230)
Operating lease liabilities (3,214) (3,647)
Deferred revenue (12,139) 27,953
Other liabilities (414) (1,107)
Net cash provided by operating activities 126,468 108,450
Cash flows from investing activities    
Purchase of property and equipment (4,501) (5,066)
Purchase of investments (8,039) (6,626)
Proceeds from sale of headquarters, net 0 34,849
Business combination, net of cash acquired 0 (26,015)
Net cash used in investing activities (12,540) (2,858)
Cash flows from financing activities    
Repurchase of common stock (117,872) (146,073)
Proceeds from stock-based compensation plans 6,585 6,974
Proceeds from issuance of convertible notes 0 900,000
Purchase of capped calls 0 (99,630)
Payment of debt issuance costs 0 (22,242)
Other (188) (30)
Net cash provided by (used in) financing activities (111,475) 638,999
Effect of exchange rate changes on cash and cash equivalents (5,190) 16,861
Net increase (decrease) in cash and cash equivalents (2,737) 761,452
Cash and cash equivalents at beginning of period 899,987 302,103
Cash and cash equivalents at end of period 897,250 1,063,555
Supplemental disclosures of noncash activities    
Operating lease liabilities arising from obtaining right-of-use assets 5,194 22,165
Debt issuance costs accrued but not paid, included in accrued liabilities 0 984
Share repurchases accrued but not paid, included in accrued liabilities $ 1,419 $ 0