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Equity Incentive Plans and Stock-Based Compensation (Tables)
3 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity and Activity Regarding Shares Available for Grant
Stock option activity and activity regarding shares available for grant under the A&R Plan are as follows:
Options Outstanding
Outstanding
Stock
Options
Weighted-Average
Exercise Price
Weighted-Average
Remaining
Contractual
Life (Years)
Aggregate
Intrinsic
Value
(in thousands, except share, years, and per share data)
Balance as of March 31, 202470,739,770$3.68 5.1$306 
Granted— 
Exercised(137,776)$0.42 
Canceled/forfeited/expired(5,769,795)$4.71 
Balance as of June 30, 202464,832,199$3.60 5.1$61 
Vested and exercisable as of June 30, 202450,032,139$3.99 4.1$61 
Schedule of Weighted Average Black-scholes Assumptions
The weighted average Black-Scholes assumptions used to value stock options at the grant dates are as follows:
Three Months Ended June 30,
2023
Min
Max
Expected term (years)5.86.0
Expected volatility range78 %79 %
Expected weighted-average volatility79%
Risk-free interest rate3.6 %3.9 %
Expected dividend yield— — 
Schedule of Restricted Stock Awards Activity under the Equity Incentive Plan
The following table summarizes the RSU activity under the equity incentive plans and related information:
 Unvested RSUs Weighted-Average
Grant Date Fair
Value Per Share
Balance as of March 31, 202444,056,670$2.29 
Granted42,032,239$0.52 
Vested(15,841,185)$1.13 
Canceled/forfeited(1,968,731)$1.82 
Balance as of June 30, 202468,278,993$1.49 
Schedule of Share Based Compensation Expense
Total stock-based compensation expense, including stock-based compensation expense related to awards classified as liabilities, was included in costs and expenses as follows:
 Three Months Ended June 30,
 20242023
 (in thousands)
Cost of service revenue$976 $2,058 
Cost of product revenue393 414 
Research and development11,071 11,692 
Sales and marketing2,459 1,718 
General and administrative (1)
6,678 34,576 
Restructuring and other charges— 642 
Total stock-based compensation expense$21,577 $51,100 
(1)Includes $22.0 million of stock-based compensation charges related to the termination of a Former Lemonaid Officer during the three months ended June 30, 2023.