LEASES (Tables)

12 Months Ended

Mar. 31, 2025

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	March 31, 2025		March 31, 2024
Assets
Operating lease assets	Other long-term assets	$	3,456	$	1,770
Liabilities
Current liabilities
Operating lease liabilities	Accrued expenses and other		794		990
Non-current liabilities
Operating lease liabilities	Other long-term liabilities		2,829		1,121
Total lease liabilities		$	3,623	$	2,111

Summary of Estimated Maturity of Lease Liabilities

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

Maturity of Lease Liabilities	Operating Leases
Fiscal 2026		1,018
Fiscal 2027		886
Fiscal 2028		803
Fiscal 2029		828
Fiscal 2030		707
Total lease payments	$	4,242
Less: Interest		(619	)
Present value of lease liabilities	$	3,623

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 year ended March 31, 2025, 2024 and 2023 (dollars in thousands):

	March 31, 2025		March 31, 2024		March 31, 2023
Product revenue	$	781	$	—	$	2,818
Cost of product revenue		785		—		2,771