FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Dec. 31, 2025

Cash, cash equivalents, and available-for-sale investments were as follows (in thousands):


	As of December 31, 2025
	Amortized Costs		Estimated Fair Value		Cash and Cash Equivalents		Restricted Cash (Current)
Cash	$	63,638	$	63,638	$	62,320	$	1,318
Level 1:
Money market funds	24,562		24,562		24,562		—




Total assets	$	88,200	$	88,200	$	86,882	$	1,318


	As of March 31, 2025
	Amortized Costs		Estimated Fair Value		Cash and Cash Equivalents		Restricted Cash (Current & Non-Current)
Cash	$	64,765	$	64,765	$	63,953	$	812
Level 1:
Money market funds	24,559		24,559		24,097		462





Total assets	$	89,324	$	89,324	$	88,050	$	1,274

Schedule of Assumptions Used in Determination of Fair Value

The following table presents additional information about valuation techniques and inputs used for the detachable warrants (see Note 8, Convertible Senior Notes and Term Loan) that are measured at fair value and categorized within Level 3 as of December 31, 2025 and March 31, 2025 (dollars in thousands):


	December 31, 2025			March 31, 2025
Estimated fair value of detachable warrants	$	493		$	1,096
Unobservable inputs:
Stock volatility	76.2		%	79.8		%
Risk-free rate	3.5		%	3.9		%
Expected term	1.6 years			2.4 years