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Balance Sheet Components
 9 Months Ended
Dec. 31, 2024
Balance Sheet Related Disclosures [Abstract]  
Balance Sheet Components Balance Sheet Components
Prepaid Expense and Other Current Assets
Prepaid expense and other current assets consisted of the following:
December 31, 2024March 31, 2024
(in thousands)
Prepaid expenses$11,674 $7,896 
Insurance recovery receivable21,594 2,188 
Other receivables2,232 3,563 
Other current assets2,606 1,794 
Prepaid expenses and other current assets$38,106 $15,441 
Property and Equipment, Net
Property and equipment, net consisted of the following:
December 31, 2024March 31, 2024
(in thousands)
Computer equipment and software$6,814 $7,347 
Laboratory equipment and software34,423 34,539 
Furniture and office equipment7,343 7,416 
Leasehold improvements31,289 31,250 
Capitalized asset retirement obligations853 853 
Property and equipment, gross80,722 81,405 
Less: accumulated depreciation and amortization(61,496)(58,906)
Property and equipment, net$19,226 $22,499 
Depreciation and amortization expense was $1.0 million and $2.1 million for the three months ended December 31, 2024 and 2023, respectively, and $3.6 million and $6.5 million for the nine months ended December 31, 2024 and 2023, respectively.
Operating Lease ROU Assets, Net
Operating lease ROU assets, net consisted of the following:
December 31, 2024March 31, 2024
(in thousands)
Operating lease ROU assets$56,662 $56,662 
Less: accumulated amortization(21,649)(18,533)
Operating lease ROU assets, net$35,013 $38,129 
There were no impairments to ROU assets for continuing operations during the three and nine months ended December 31, 2024 and 2023.
Internal-Use Software, Net
Internal-use software, net consisted of the following:
December 31, 2024March 31, 2024
(in thousands)
Capitalized internal-use software$41,203 $35,918 
Less: accumulated amortization(20,479)(15,402)
Internal-use software, net$20,724 $20,516 
The Company capitalized $2.0 million and $2.7 million in internal-use software during the three months ended December 31, 2024 and 2023, respectively, and $6.5 million and $9.6 million in internal-use software during the nine months ended December 31, 2024 and 2023, respectively. In addition, the Company wrote off $1.1 million of internal-use software during the three months ended December 31, 2023 related to the disposition of Lemonaid Health Limited, refer to Note 17, “Disposition of Subsidiary,” for additional information.
Amortization of internal-use software was $1.7 million and $1.6 million for the three months ended December 31, 2024 and 2023, respectively, and $5.1 million and $4.1 million for the nine months ended December 31, 2024 and 2023, respectively. Impairment to internal-use software was nil and $1.2 million for the three and nine months ended December 31, 2024, respectively, and $0.3 million for both the three and nine months ended December 31, 2023, respectively.
Intangible Assets, Net
Intangible assets, net consisted of the following:
December 31, 2024
Weighted Average Remaining Useful Life
(Years)
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
(in thousands, except years)
Customer relationships0.0$14,900 $(14,900)$— 
Partnerships6.89,000 (2,850)6,150 
Trademark1.811,000 (6,967)4,033 
Developed technology3.824,100 (10,902)13,198 
Non-compete agreements1.82,800 (1,773)1,027 
Patents3.85,500 (2,593)2,907 
Total intangible assets$67,300 $(39,985)$27,315 
 March 31, 2024
Weighted Average Remaining Useful Life
(Years)
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
(in thousands, except years)
Customer relationships0.0$14,900 $(14,900)$— 
Partnerships7.69,000 (2,175)6,825 
Trademark2.611,000 (5,317)5,683 
Developed technology4.624,100 (8,320)15,780 
Non-compete agreements2.62,800 (1,353)1,447 
Patents4.55,500 (1,980)3,520 
Total intangible assets$67,300 $(34,045)$33,255 
Amortization expense for intangible assets was $2.0 million and $2.6 million for the three months ended December 31, 2024 and 2023, respectively, and $5.9 million and $10.3 million for nine months ended December 31, 2024 and 2023, respectively. There was no impairment to intangible assets during the three and nine months ended December 31, 2024 and 2023.
Estimated future amortization expense of the identified intangible assets as of December 31, 2024 was as follows:
 Estimated Amortization
 (in thousands)
Fiscal years ending March 31, 
Remainder of 2025 (Remaining three months)$1,980 
20267,919 
20276,769 
20285,006 
20293,175 
Thereafter2,466 
Total estimated future amortization expense$27,315 
Accrued Expense and Other Current Liabilities
Accrued expense and other current liabilities consisted of the following:
December 31, 2024March 31, 2024
(in thousands)
Accrued payables$9,428 $9,623 
Accrued settlement and legal expenses42,134 3,260 
Accrued compensation and benefits5,541 3,725 
Accrued vacation5,623 6,528 
Accrued bonus3,803 6,588 
Accrued taxes and other397 1,108 
Total accrued expenses and other current liabilities$66,926 $30,832