v3.26.3
Segment and Geographic Information
 6 Months Ended
Sep. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The CODM uses consolidated net income for purposes of making operating decisions, assessing financial performance and allocating resources in the budget and forecasting process and budget-to-actual reviews. As such, the Company has determined that it operates as one operating and reportable segment.
The CODM also utilizes expense information in order to assess the Company’s financial performance. The Company’s significant expenses and other segment items, as included in consolidated net income, are provided in the table below (in thousands):
Three Months Ended September 30,Six Months Ended September 30,
2026202520262025
Revenue$579,918 $493,849 $1,134,466 $971,198 
Adjusted cost of revenue(1)
99,586 78,601 190,584 151,708 
Adjusted research and development expenses(1)
100,083 84,118 203,511 162,026 
Adjusted sales and marketing expenses(1)
157,736 144,550 317,685 287,529 
Adjusted general and administrative expenses(1)
38,230 33,761 76,803 74,010 
Share-based compensation and related employer payroll taxes81,347 78,979 161,381 158,899 
Amortization of intangibles2,630 871 5,027 1,719 
Other segment items(2)
32,542 15,726 75,060 30,109 
Segment net income$67,764 $57,243 $104,415 $105,198 
Consolidated net income$67,764 $57,243 $104,415 $105,198 
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(1) Excludes share-based compensation; employer payroll taxes on employee stock transactions; amortization of intangibles; and acquisition-related, restructuring and other-non-recurring or unusual items, which are independently reviewed by the CODM.
(2) Other segment items primarily include interest income, net; other (expense) income, net; and income tax expense, as reported in the condensed consolidated statements of operations. Other segment items also include $4.7 million and $12.4 million of acquisition-related, restructuring, and other non-recurring or unusual items for the three and six months ended September 30, 2026, respectively. There were no acquisition-related, restructuring, and other non-recurring or unusual items for the three and six months ended September 30, 2025.
Revenue
Revenues by geography are based on the location of the customer (or end-customer under partner transactions). Refer to Note 3, Revenue Recognition, for a disaggregation of revenue by geographic region.
Long-lived assets, net
The following table presents the Company’s long-lived assets, net, which consists of property and equipment, net, and operating lease right-of-use asset, net, by geographic region for the periods presented (in thousands):
September 30, 2026March 31, 2026
North America$38,122 $40,905 
Europe, Middle East and Africa155,755 163,985 
Asia Pacific5,886 6,876 
Latin America766 512 
Total long-lived assets, net$200,529 $212,278