Quarterly report [Sections 13 or 15(d)]

COMMON STOCK (Tables)

v3.26.3
COMMON STOCK (Tables)
6 Months Ended
Sep. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Summary of disclosure of share-based compensation arrangements by share-based payment award
The significant assumptions used by the Company to estimate the fair value of the option awards are summarized below:

Grant Date Term (years)
Volatility 1
Dividend yield 2
Risk-free interest rate 3
Weighted-average grant date fair value
April 1, 2026 7.00 years 99.9% 0.00% 4.02% $3.94
August 1, 2026 7.00 years 102.8% 0.00% 4.49% $8.50
September 1, 2026 7.00 years 105.5% 0.00% 4.58% $19.58
1 Volatility is based off of the Company's historical stock price over a period of the expected term of the options.
2 Dividend yield is set to 0.00% as the Company has not historically paid dividends.
3 Risk-free interest rate is based on the Treasury yield for the expected term of the options.
Summary of share-based compensation expense
The following table details the Company's stock-based compensation expense (in thousands):
Three Months Ended September 30, Six Months Ended September 30,
2026 2025 2026 2025
Cost of revenue $ 27  $ 41  $ 34  $ (567)
Research and development (57) 19  43  87 
Sales and marketing 185  (82) 323  (6)
General and administrative 680  346  1,183  281 
Total stock-based compensation $ 835  $ 324  $ 1,583  $ (205)
Three Months Ended September 30, Six Months Ended September 30,
2026 2025 2026 2025
Restricted stock units $ 327  $ 544  $ 664  $ 239 
Performance share units 46  (220) 33  (444)
Stock options 462  —  886  — 
Total stock-based compensation $ 835  $ 324  $ 1,583  $ (205)