XML 62 R44.htm IDEA: XBRL DOCUMENT v3.25.1
STOCKHOLDERS' EQUITY AND STOCK-BASED COMPENSATION - (Tables)
 12 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Stock-based Compensation Activity, by Award Type
The Company's stock-based compensation activity for the twelve months ended March 31, 2025, 2024, and 2023, by award type, was (dollars in thousands):
For the twelve months ended March 31,
202520242023
Stock options$3,236 $1,014 $968 
Restricted stock units, time-vesting82,715 56,583 105,147 
Restricted stock units, performance based13,359 7,403 6,796 
Diablo restricted stock awards— — 1,126 
Habu restricted stock awards814 144 — 
Data Plus Math ("DPM") acquisition consideration holdback— — 2,031 
Acuity performance plan— 165 815 
DataFleets acquisition consideration holdback— 2,266 5,611 
Habu acquisition consideration holdback4,879 813 — 
Employee stock purchase plan1,726 1,666 2,051 
Directors stock-based compensation1,250 1,250 1,255 
Total non-cash stock-based compensation included in the consolidated statements of operations107,979 71,304 125,800 
Less expense related to liability-based equity awards(4,948)(3,247)(8,449)
Total non-cash stock-based compensation included in the consolidated statements of equity$103,031 $68,057 $117,351 
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 twelve months ended March 31,
202520242023
Cost of revenue$6,165 $3,553 $6,317 
Research and development41,704 27,189 55,407 
Sales and marketing27,470 18,948 29,429 
General and administrative32,640 21,614 34,647 
Total non-cash stock-based compensation included in the consolidated statements of operations$107,979 $71,304 $125,800 
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 March 31, 2025, by award type (dollars in thousands).
For the twelve months ended March 31,
202620272028Total
Stock options$2,306 $1,140 $95 $3,541 
Restricted stock units50,915 31,232 4,397 86,544 
Habu restricted stock awards44 6 — 50 
Habu acquisition consideration holdback4,879 4,067 — 8,946 
Employee stock purchase plan297 — — 297 
Expected future expense$58,441 $36,445 $4,492 $99,378 
Schedule of Option Activity
Stock option activity for the twelve months ended March 31, 2025 was:  
Weighted average
Weighted averageremainingAggregate
Number ofexercise pricecontractual termIntrinsic value
sharesper share(In years)(In thousands)
Outstanding at March 31, 2024622,122 $14.39 
Exercised(235,712)$16.57 $3,526 
Forfeited or canceled(15,814)$9.63 
Outstanding at March 31, 2025370,596 $13.20 3.8$4,794 
Exercisable at March 31, 2025252,369 $15.00 2.0$2,811 
Schedule of Stock Options Outstanding and Exercisable
A summary of stock options outstanding and exercisable as of March 31, 2025 was:
Options outstandingOptions exercisable
Range ofWeighted averageWeighted averageWeighted average
exercise priceOptionsremainingexercise priceOptionsexercise price
per shareoutstandingcontractual lifeper shareexercisableper share
$1.20 —$9.99 186,550 7.4 years$8.79 68,323 $7.78 
$10.00 —$19.99 174,847 0.1 years$17.49 174,847 $17.49 
$20.00 —$24.99 9,199 1.2 years$21.32 9,199 $21.32 
370,596 3.8 years$13.20 252,369 $15.00 
Schedule of Changes in Restricted Stock
Restricted stock share activity for the twelve months ended March 31, 2025 was:

Weighted average
fair value perWeighted average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Unvested restricted stock awards at March 31, 202436,118 $39.48 
Vested(27,816)$39.48 
Forfeited or canceled(6,734)$39.48 
Unvested restricted stock awards at March 31, 20251,568 $39.48 0.7
Schedule of Time-vesting Restricted Stock Unit Activity
RSU activity for the twelve months ended March 31, 2025 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 20244,401,513 $31.10 1.64
Granted2,036,456 $32.03 
Vested(2,742,210)$30.24 
Forfeited or canceled(710,237)$32.18 
Outstanding at March 31, 20252,985,522 $32.27 1.76
Schedule of Non-vested Performance-based Restricted Stock Units Activity
PSU activity for the twelve months ended March 31, 2025 was:
Weighted-average
fair value perWeighted-average
Numbershare at grantremaining contractual
of sharesdateterm (in years)
Outstanding at March 31, 20241,095,748 $31.15 1.61
Granted465,515 $36.00 
Vested(29,939)$55.65 
Forfeited or canceled(135,898)$40.23 
Outstanding at March 31, 20251,395,426 $31.36 1.13