STOCK-BASED COMPENSATION - (Tables)

6 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Stock-based Compensation Activity, by Award Type

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

	For the six months ended
	September 30,
	2024		2023
Stock options	$	1,639	$	304
Restricted stock units, time-vesting	43,929		22,175
Restricted stock units, performance based	7,121		2,707
Habu restricted stock awards	429		—
Acuity performance plan	—		165
DataFleets acquisition consideration holdback	—		2,267
Habu acquisition consideration holdback	2,439		—
Employee stock purchase plan	871		784
Directors stock-based compensation	625		625
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	57,053		29,027
Less expense related to liability-based equity awards	(2,427)		(2,439)
Total non-cash stock-based compensation included in the condensed consolidated statements of equity	$	54,626	$	26,588

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 six months ended
	September 30,
	2024		2023
Cost of revenue	$	3,095	$	1,258
Research and development	21,125		10,370
Sales and marketing	14,476		8,522
General and administrative	18,357		8,877
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	$	57,053	$	29,027

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 September 30, 2024, by award type. The amount for fiscal 2025 represents the remaining six 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	$	1,607	$	2,331	$	1,159	$	95	$	5,192
Restricted stock units	48,296		57,482		32,483		2,885		141,146
Habu restricted stock awards	423		272		6		—		701
Habu acquisition consideration holdback	2,440		4,879		4,067		—		11,386
Employee stock purchase plan	277		—		—		—		277
Expected future expense	$	53,043	$	64,964	$	37,715	$	2,980	$	158,702

Schedule of Option Activity

Stock option activity for the six months ended September 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	(189,313)	$	18.82		$	2,455
Forfeited or canceled	(8,899)	$	9.65
Outstanding at September 30, 2024	423,910	$	12.51	4.6	$	5,202
Exercisable at September 30, 2024	253,335	$	14.82	2.2	$	2,524

Schedule of Stock Options Outstanding and Exercisable

A summary of stock options outstanding and exercisable as of September 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	232,108	7.8 years	$	8.24	61,533	$	5.91
$	10.00	—	$	19.99	182,603	0.6 years	$	17.49	182,603	$	17.49
$	20.00	—	$	24.99	9,199	1.7 years	$	21.32	9,199	$	21.32
					423,910	4.6 years	$	12.51	253,335	$	14.82

Schedule of Changes in Restricted Stock

Habu restricted stock share activity for the six months ended September 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	(16,305)	$	39.48
Unvested restricted stock awards at September 30, 2024	19,813	$	39.48	0.9

Schedule of Time-vesting Restricted Stock Unit Activity

RSU activity for the six months ended September 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	1,801,372	$	32.10
Vested	(1,539,030)	$	29.49
Forfeited or canceled	(321,646)	$	31.89
Outstanding at September 30, 2024	4,342,209	$	32.03	1.86

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

PSU activity for the six months ended September 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 September 30, 2024	1,436,121	$	31.30	1.62