Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenue        
Total revenue $ 89,625 $ 62,715 $ 170,429 $ 127,002
Cost of revenue        
Total cost of revenue 52,899 39,163 101,983 80,736
Gross profit 36,726 23,552 68,446 46,266
Operating expenses        
Sales and marketing 12,168 11,819 23,196 24,474
General and administrative 11,126 11,006 20,734 24,576
Research and development 6,360 5,692 12,383 12,353
Restructuring charges 292 3,193 315 5,616
Total operating expenses 29,946 31,710 56,628 67,019
Income (loss) from operations 6,780 (8,158) 11,818 (20,753)
Other income (expense), net 80 (185) 292 (616)
Interest expense 0 (6,227) (2,097) (12,743)
Change in fair value of warrant liabilities (51,565) 1,525 (67,870) 1,525
Change in fair value of convertible note 0 0 (129,715) 0
Loss on debt extinguishment, net 0 (33,254) (11,716) (30,695)
Loss before income taxes (44,705) (46,299) (199,288) (63,282)
Income tax provision 145 157 855 380
Net loss $ (44,850) $ (46,456) $ (200,143) $ (63,662)
Net loss per share - basic (in dollars per share) $ (1.14) $ (3.49) $ (6.51) $ (5.65)
Net loss per share - diluted (in dollars per share) $ (1.14) $ (3.49) $ (6.51) $ (5.65)
Weighted average shares - basic (in shares) 39,438 13,322 30,760 11,266
Weighted average shares - diluted (in shares) 39,438 13,322 30,760 11,266
Reclassification of loss on convertible note to loss on debt extinguishment $ 0 $ 0 $ 8,444 $ 0
Foreign currency translation adjustments, net (154) (62) (230) 660
Total comprehensive loss (45,004) (46,518) (191,929) (63,002)
Product        
Revenue        
Total revenue 62,584 35,368 116,456 72,905
Cost of revenue        
Total cost of revenue 42,137 28,748 81,861 59,493
Service and subscription        
Revenue        
Total revenue 25,011 25,620 49,680 50,563
Cost of revenue        
Total cost of revenue 10,762 10,415 20,122 21,243
Royalty        
Revenue        
Total revenue $ 2,030 $ 1,727 $ 4,293 $ 3,534