Fair Value Measurements (Tables)

9 Months Ended

Dec. 31, 2022

Fair Value Disclosures [Abstract]

Assets and Liabilities Measured at Fair Value

The following table summarizes the Company’s financial assets measured at fair value on a recurring basis and their respective input levels based on the fair value hierarchy (in thousands):

	Fair Value Measurement Using:
	Level 1		Level 2		Level 3		Total
As of December 31, 2022
Assets:
Money market funds (1)	$	154	$	—	$	—	$	154
Commercial paper (2)	—		155,635		—		155,635
U.S. treasury securities (3)	1,944		—		—		1,944
Total assets	$	2,098	$	155,635	$	—	$	157,733

	Fair Value Measurement Using:
	Level 1		Level 2		Level 3		Total
As of March 31, 2022
Assets:
Money market funds (1)	$	69	$	—	$	—	$	69
Commercial paper (2)	—		219,772		—		219,772
Total assets	$	69	$	219,772	$	—	$	219,841

(1) Included in cash and cash equivalents.

(2) Includes $133.7 million in cash and cash equivalents and $21.9 million in marketable securities as of December 31, 2022. Includes $192.3 million in cash and cash equivalents and $27.5 million in marketable securities as of March 31, 2022.

(3) Included in marketable securities.