LEASES (Tables)

9 Months Ended

Dec. 31, 2024

Leases [Abstract]

Summary of Assets Leased from Third Parties

A summary of Orion’s assets leased from third parties follows (dollars in thousands):

	Balance sheet classification	December 31, 2024		March 31, 2024
Assets
Operating lease assets	Other long-term assets	$	983	$	1,770
Liabilities
Current liabilities
Operating lease liabilities	Accrued expenses and other	$	1,029	$	990
Non-current liabilities
Operating lease liabilities	Other long-term liabilities		167		1,121
Total lease liabilities		$	1,196	$	2,111

Summary of Estimated Maturity of Lease Liabilities

The estimated maturity of lease liabilities for each of the remaining years is shown below (dollars in thousands):

Maturity of Lease Liabilities	Operating Leases
Fiscal 2025 (period remaining)	$	251
Fiscal 2026		889
Fiscal 2027		106
Thereafter		—
Total lease payments	$	1,246
Less: Interest		(50	)
Present value of lease liabilities	$	1,196

Schedule of Revenue and Cost of Sales Arising from Sales-Type Leases

The following chart shows the amount of revenue and cost of sales arising from sales-type leases during the quarter ended December 31, 2024 and 2023 (dollars in thousands):

	Three Months Ended December 31,				Nine Months Ended December 31,
	2024		2023		2024		2023
Product revenue	$	147	$	—	$	356	$	—
Cost of product revenue	$	123	$	—	$	319	$	—