Annual report [Section 13 and 15(d), not S-K Item 405]

REVENUE

v3.25.2
REVENUE
 12 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances

The following table presents the Company’s contract liabilities and certain information related to this balance as of March 31, 2025 (in thousands): 
March 31, 2025 March 31, 2024 March 31, 2023
Accounts receivable, net
 $ 52,502  $ 67,788  $ 72,464 
Deferred revenue $ 113,923  $ 116,687  $ 115,302 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 74,048  $ 76,304  $ 83,113 

Remaining Performance Obligations

Total remaining performance obligations (“RPO”) which is contracted but not recognized revenue was $138.0 million as of March 31, 2025. RPO consists of both deferred revenue and non-cancelable amounts that are expected to be invoiced and recognized as revenue in future periods and excludes variable consideration related to sales-based royalties.

Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of March 31, 2025 $ 97,013  $ 41,010  $ 138,023 

Deferred revenue primarily consists of amounts invoiced and paid but not recognized as revenue including performance obligations pertaining to subscription services. The table below reflects our deferred revenue as of March 31, 2025 (in thousands):
Deferred revenue by period
(in thousands) Total 1 year or less 1 – 3 Years 3 year or greater
Service revenue $ 94,462  $ 65,498  $ 23,342  $ 5,622 
Subscription revenue 19,461  9,578  7,918  1,965 
     Total $ 113,923  $ 75,076  $ 31,260  $ 7,587