STOCK-BASED COMPENSATION - (Tables)

9 Months Ended

Dec. 31, 2024

Equity [Abstract]

Schedule of Stock-based Compensation Activity, by Award Type

The Company's stock-based compensation activity for the nine months ended December 31, 2024 and 2023, by award type, was (dollars in thousands):

	For the nine months ended
	December 31,
	2024		2023
Stock options	$	2,504	$	405
Restricted stock units, time-vesting	64,056		36,706
Restricted stock units, performance based	10,709		4,876
Habu restricted stock awards	650		—
Acuity performance plan	—		165
DataFleets acquisition consideration holdback	—		2,267
Habu acquisition consideration holdback	3,659		—
Employee stock purchase plan	1,297		1,167
Directors stock-based compensation	938		938
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	83,813		46,524
Less expense related to liability-based equity awards	(3,734)		(2,431)
Total non-cash stock-based compensation included in the condensed consolidated statements of equity	$	80,079	$	44,093

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 nine months ended
	December 31,
	2024		2023
Cost of revenue	$	4,550	$	2,075
Research and development	31,210		17,330
Sales and marketing	21,754		12,611
General and administrative	26,299		14,508
Total non-cash stock-based compensation included in the condensed consolidated statements of operations	$	83,813	$	46,524

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 December 31, 2024, by award type. The amount for fiscal 2025 represents the remaining three 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	$	732	$	2,305	$	1,140	$	95	$	4,272
Restricted stock units	23,641		57,467		33,138		3,542		117,788
Habu restricted stock awards	203		271		6		—		480
Habu acquisition consideration holdback	1,220		4,879		4,067		—		10,166
Employee stock purchase plan	490		326		—		—		816
Expected future expense	$	26,286	$	65,248	$	38,351	$	3,637	$	133,522

Schedule of Option Activity

Stock option activity for the nine months ended December 31, 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	(219,819)	$	17.02		$	3,208
Forfeited or canceled	(15,814)	$	9.63
Outstanding at December 31, 2024	386,489	$	13.09	4.1	$	6,680
Exercisable at December 31, 2024	244,956	$	15.34	1.9	$	2,997

Schedule of Stock Options Outstanding and Exercisable

A summary of stock options outstanding and exercisable as of December 31, 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	197,234	7.6 years	$	8.68	55,701	$	7.38
$	10.00	—	$	19.99	180,056	0.4 years	$	17.49	180,056	$	17.49
$	20.00	—	$	24.99	9,199	1.5 years	$	21.32	9,199	$	21.32
					386,489	4.1 years	$	13.09	244,956	$	15.34

Schedule of Changes in Restricted Stock

Habu restricted stock share activity for the nine months ended December 31, 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	(23,029)	$	39.48
Unvested restricted stock awards at December 31, 2024	13,089	$	39.48	0.7

Schedule of Time-vesting Restricted Stock Unit Activity

RSU activity for the nine months ended December 31, 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	1,922,173	$	31.89
Vested	(2,124,029)	$	29.78
Forfeited or canceled	(417,133)	$	32.56
Outstanding at December 31, 2024	3,782,524	$	32.09	1.78

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

PSU activity for the nine months ended December 31, 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 December 31, 2024	1,436,121	$	31.30	1.37