Quarterly report [Sections 13 or 15(d)]

REVENUE

v3.25.2
REVENUE
 3 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances

The following table presents the Company’s receivables and contract liabilities and certain information related to this balance as of June 30, 2025, March 31, 2025 and March 31, 2024 (in thousands): 

June 30, 2025 March 31, 2025 March 31, 2024
Accounts receivable $ 48,445  $ 52,502  $ 67,788 
Deferred revenue $ 106,255  $ 113,923  $ 116,687 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 26,586  $ 74,048  $ 76,304 

Remaining Performance Obligations

Total remaining performance obligations (“RPO”) representing contracted but not recognized revenue was $125.2 million as of June 30, 2025. RPO consists of both deferred revenue and uninvoiced, non-cancelable contracts that are expected to be invoiced and recognized as revenue in future periods and excludes variable consideration related to sales-based royalties.

RPO consisted of the following (in thousands):
Current Non-Current Total
As of June 30, 2025
 $ 86,727  $ 38,428  $ 125,155 

Deferred revenue consists of amounts that have been invoiced but have not yet been recognized as revenue including performance obligations pertaining to subscription services. The table below reflects the Company’s deferred revenue as of June 30, 2025 (in thousands):
Deferred revenue by period
Total 1 year or less 1 – 3 Years 3 year or greater
Service revenue $ 81,969  $ 57,185  $ 22,607  $ 2,177 
Subscription revenue 24,286  12,490  10,710  1,086 
Balance as of June 30, 2025 $ 106,255  $ 69,675  $ 33,317  $ 3,263