STOCK-BASED COMPENSATION - (Tables)

3 Months Ended

Jun. 30, 2024

Equity [Abstract]

Schedule of Stock-based Compensation Activity, by Award Type

The Company's stock-based compensation activity for the three months ended June 30, 2024 and 2023, by award type, was (dollars in thousands):

	For the three months ended
	June 30,
	2024		2023
Stock options	$	845	$	173
Restricted stock units, time-vesting	21,487		11,567
Restricted stock units, performance based	3,461		—
Habu restricted stock awards	213		—
Acuity performance plan	—		142
DataFleets acquisition consideration holdback	—		648
Habu acquisition consideration holdback	1,218		—
Employee stock purchase plan	448		449
Directors stock-based compensation	313		313
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	27,985		13,292
Less expense related to liability-based equity awards	(1,218)		(790)
Total non-cash stock-based compensation included in the condensed consolidated statements of equity	$	26,767	$	12,502

Schedule of Effect of Stock-based Compensation Expense on Income, by Financial Statement Line Item

The effect of stock-based compensation expense on income, by financial statement line item, was (dollars in thousands):

	For the three months ended
	June 30,
	2024		2023
Cost of revenue	$	1,596	$	629
Research and development	10,205		5,077
Sales and marketing	7,093		3,736
General and administrative	9,091		3,850
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	$	27,985	$	13,292

Schedule of Share-based Compensation Arrangement by Share Based Payment Award, Future Expense

The following table provides the expected future expense for all of the Company's outstanding equity awards at June 30, 2024, by award type. The amount for fiscal 2025 represents the remaining nine months ending March 31, 2025. All other periods represent fiscal years ending March 31 (dollars in thousands):

	For the years ending March 31,
	2025		2026		2027		2028		Total
Stock options	$	2,370	$	2,461	$	1,238	$	102	$	6,171
Restricted stock units	75,930		57,814		32,061		2,532		168,337
Habu restricted stock awards	639		272		6		—		917
Habu acquisition consideration holdback	3,659		4,879		4,067		—		12,605
Employee stock purchase plan	719		—		—		—		719
Expected future expense	$	83,317	$	65,426	$	37,372	$	2,634	$	188,749

Schedule of Option Activity

Stock option activity for the three months ended June 30, 2024 was:

				Weighted-average
		Weighted-average		remaining	Aggregate
	Number of	exercise price		contractual term	Intrinsic value
	shares	per share		(in years)	(in thousands)
Outstanding at March 31, 2024	622,122	$	14.39
Exercised	(168,091)	$	20.14		$	2,094
Forfeited or canceled	(2,360)	$	8.55
Outstanding at June 30, 2024	451,671	$	12.28	5.0	$	8,428
Exercisable at June 30, 2024	250,617	$	14.91	2.3	$	4,017

Schedule of Stock Options Outstanding and Exercisable

A summary of stock options outstanding and exercisable as of June 30, 2024 was:

					Options outstanding				Options exercisable
Range of						Weighted-average	Weighted-average			Weighted-average
exercise price					Options	remaining	exercise price		Options	exercise price
per share					outstanding	contractual life	per share		exercisable	per share
$	—	—	$	9.99	259,625	8.0 years	$	8.29	58,571	$	5.83
$	10.00	—	$	19.99	182,603	0.9 years	$	17.49	182,603	$	17.49
$	20.00	—	$	24.99	9,443	2.0 years	$	21.32	9,443	$	21.32
					451,671	5.0 years	$	12.28	250,617	$	14.91

Schedule of Changes in Restricted Stock

Habu restricted stock share activity for the three months ended June 30, 2024 was:

		Weighted average
		fair value per		Weighted average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Unvested restricted stock awards at March 31, 2024	36,118	$	39.48	1.3
Vested	(10,102)	$	39.48
Unvested restricted stock awards at June 30, 2024	26,016	$	39.48	1.1

Schedule of Time-vesting Restricted Stock Unit Activity

RSU activity for the three months ended June 30, 2024 was:

		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2024	4,401,513	$	31.10	1.64
Granted	1,663,601	$	32.91
Vested	(1,002,779)	$	28.86
Forfeited or canceled	(188,887)	$	32.31
Outstanding at June 30, 2024	4,873,448	$	32.14	1.97

Schedule of Non-vested Performance-based Restricted Stock Units Activity

PSU activity for the three months ended June 30, 2024 was:

		Weighted-average
		fair value per		Weighted-average
	Number	share at grant		remaining contractual
	of shares	date		term (in years)
Outstanding at March 31, 2024	1,095,748	$	31.15	1.61
Granted	429,857	$	36.14
Vested	(29,939)	$	55.65
Forfeited or canceled	(59,545)	$	51.21
Outstanding at June 30, 2024	1,436,121	$	31.30	1.87