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

REVENUE

v3.26.1
REVENUE
 12 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Contract Balances

The following table presents the Company’s contract assets and liabilities together with certain information related to this balance as of March 31, 2026 (in thousands): 
March 31, 2026 March 31, 2025 March 31, 2024
Accounts receivable, net
 $ 69,650  $ 52,502  $ 67,788 
Contract assets (in Other current assets) $ 351  $ 278  $ 501 
Deferred revenue $ 114,684  $ 113,923  $ 116,687 
Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period $ 77,996  $ 74,048  $ 76,304 

Remaining Performance Obligations

Total remaining performance obligations (“RPO”) which are contracted but not recognized into revenue was $163.2 million as of March 31, 2026. RPO consists of both deferred revenue, which is included in the consolidated balance sheets, and non-cancelable amounts from contracts that will be invoiced and are not included in the consolidated balance sheets. These amounts exclude variable consideration related to sales-based royalties.

Remaining performance obligations consisted of the following (in thousands):
Current Non-Current Total
As of March 31, 2026 $ 123,962  $ 39,271  $ 163,233 

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, 2026 (in thousands):
Deferred revenue by period
Current Non-current Total
Service revenue $ 62,897  $ 29,252  $ 92,149 
Subscription revenue 12,161  9,778  21,939 
Product revenue $ 596  $ —  $ 596 
     Total $ 75,654  $ 39,030  $ 114,684