Quarterly report [Sections 13 or 15(d)]

REVENUE

v3.25.4
REVENUE
 9 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances
As of December 31, 2025, March 31, 2025 and March 31, 2024, the Company’s contract assets related to performance obligations completed in advance of the right to invoice and are included in other current asset in the condensed consolidated balance sheets. Contract assets were not material as of December 31, 2025, March 31, 2025 and March 31, 2024. As of March 31, 2024, accounts receivable totaled $67.8 million.
Deferred revenue primarily consists of amounts that have been invoiced, which are typically with net 45-day payment terms, but have not yet been recognized as revenue and performance obligations pertaining to service and subscription contracts.
The following table presents the changes in the Company’s deferred revenue for the periods indicated (in thousands):
Three Months Ended December 31, Nine Months Ended December 31,
2025 2024 2025 2024
Beginning balance    $ 101,902  $ 104,234  $ 113,923  $ 116,687 
Additions    32,944  30,323  71,486  74,786 
Recognition of deferred revenue (26,520) (27,724) (77,083) (84,640)
Ending balance    $ 108,326  $ 106,833  $ 108,326  $ 106,833 
  Short-term deferred revenue $ 74,917  $ 66,762  $ 74,917  $ 66,762 
  Long-term deferred revenue $ 33,409  $ 40,071  $ 33,409  $ 40,071 


Remaining Performance Obligations

Total remaining performance obligations (“RPO”) representing contracted but not recognized revenue was $138.6 million as of December 31, 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 December 31, 2025
 $ 102,884  $ 35,671  $ 138,555