Income Taxes (Tables)

12 Months Ended

Mar. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of Loss Before Provision For (benefit from) Income Taxes

The components of the Company’s loss before income taxes are summarized as follows:

	Year Ended March 31,
	2024		2023		2022
	(in thousands)
Domestic	$	(663,740)	$	(292,730)	$	(221,212)
Foreign	(2,891)		(21,698)		242
Loss before income taxes	$	(666,631)	$	(314,428)	$	(220,970)

Schedule of Reconciliation of Income Tax (Benefit)

A reconciliation of income tax (benefit) computed at the statutory federal tax rate to the effective income tax rate is summarized as follows:

	Year Ended March 31,
	2024		2023		2022
Statutory federal tax expense rate	21	%	21	%	21	%
Non-deductible stock-based compensation	(3	%)	(4	%)	(3	%)
Fair Market Value adjustment on Warrants	—	%	—		3	%
Change in valuation allowance related to acquisition	—	%	—		2	%
Goodwill impairment	(11	%)	—	%	—	%
Change in valuation allowance	(6	%)	(16	%)	(20	%)
Other	(1	%)	—		(2	%)
Effective tax rate	—	%	1	%	2	%

Schedule of Deferred Tax Asset and Liabilities

The components of the Company's deferred tax assets and liabilities as of March 31, 2024 and 2023 were as follows:

	March 31,
	2024		2023
	(in thousands)
Deferred tax assets:
Net operating loss carryforwards	$	280,549	$	262,295
Capitalized research and development expenses	48,027		33,709
Accruals and reserves	4,237		3,865
Stock-based compensation	13,397		18,065
Deferred revenue	17,570		11,498
Operating lease liabilities	17,966		21,474
Property and equipment	1,192		—
Capital loss carryover	5,109		—
Other	303		332
Gross deferred tax assets	388,350		351,238
Valuation allowance	(364,871)		(322,104)
Total deferred tax assets	23,479		29,134
Deferred tax liabilities:
Prepaid expenses	(783)		(892)
Intangibles	(11,215)		(13,689)
Operating lease right-of-use assets	(11,481)		(14,117)
Property and equipment	—		(436)
Gross deferred tax liabilities	(23,479)		(29,134)
Net deferred taxes	$	—	$	—