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SEGMENT INFORMATION
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
The Company operates as a single operating segment and a single reportable segment. The Company's chief operating decision maker ("CODM") is its Chief Executive Officer. The measure of segment profit or loss that the CODM uses to allocate resources and assess performance is net income (loss). The CODM uses net income (loss) to make resource allocation decisions, evaluate budgets and forecasts, and assess the Company's overall performance, including monitoring budgeted versus actual results.
Disaggregation of Revenue
The following table depicts the disaggregation of revenue by geographic areas and major product offerings and geographies and is consistent with how the Company evaluates its financial performance (in thousands):
Three Months Ended June 30,
2026%2025%
Americas1
   Product revenue$24,272 $22,750 
   Service and subscription13,454 14,359 
Total revenue37,726 46.7 %37,109 57.7 %
EMEA
   Product revenue19,501 9,983 
   Service and subscription8,698 8,482 
Total revenue28,199 34.9 %18,465 28.7 %
APAC
   Product revenue10,098 4,802 
   Service and subscription2,516 2,102 
Total revenue12,614 15.6 %6,904 10.7 %
Consolidated
   Product revenue53,871 37,535 
   Service and subscription24,668 24,943 
   Royalty2
2,264 2.8 %1,808 2.8 %
Total revenue$80,803 100 %$64,286 100 %
1 Revenue for Americas geographic region outside of the United States is not significant.
2 Royalty revenue is not allocable to geographic regions.

Revenue by Solution
Three Months Ended June 30,
2026%2025%
Primary storage systems$8,487 11 %$12,529 19 %
Secondary storage systems37,032 46 %18,506 29 %
Device and media10,361 13 %9,941 15 %
Service 22,659 28 %21,502 33 %
Royalty2,264 3 %1,808 3 %
Total revenue1
$80,803 100 %$64,286 100 %
1 Subscription revenue of $2.0 million and $3.4 million allocated to Primary and Secondary storage systems for the three months ended June 30, 2026 and 2025, respectively.


Net Loss
The following table shows reported segment revenue, segment profit or loss, and significant segment expenses were as follows (in thousands):
Three Months Ended June 30,
20262025
Total revenue
$80,803 $64,286 
Total cost of revenue
49,083 41,574 
Gross profit
31,720 22,712 
Gross margin
39.3 %35.3 %
Operating expenses
     Salaries & fringe1
15,743 18,001 
     Outside services2
4,346 7,676 
     Infrastructure3
1,836 2,522 
     Operational costs4
2,317 2,332 
     Restructuring
23 2,423 
     Other segment items5
2,417 2,354 
          Total operating expenses
26,682 35,308 
Income (loss) from operations5,038 (12,596)
Other income (expense), net211 (430)
Interest expense(2,097)(6,516)
Change in fair value of warrant liability(16,305)— 
Change in fair value of convertible note(129,715)— 
Gain (loss) on debt extinguishment, net(11,716)2,559 
Loss before income taxes(154,583)(16,983)
Income tax provision710 223 
Net loss
$(155,293)$(17,206)
1 Salaries & fringe includes spend on contractors.
2 Outside services includes contractor, recruiting and legal expenses.
3 Infrastructure includes property related expenses, including fixed and variable lease expense, telecommunications and depreciation.
4 Operational costs include due and subscriptions, computer expenses, office supplies and other miscellaneous items.
5 Other segment items includes travel related spend, marketing expense, taxes, fees and other miscellaneous items.