v3.25.4
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Class A Common Stock
Class B Convertible Common Stock
Class C Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Convertible Common Stock
Common Stock
Class C Common Stock
Additional Paid-in-Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Mar. 31, 2024         188,802,000 34,450,000 212,711,000      
Beginning balance at Mar. 31, 2024 $ 2,153,286       $ 63 $ 11 $ 70 $ 1,181,854 $ 1,048,411 $ (77,123)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)             (1,320,000)      
Shares withheld for employee tax obligations on stock-based compensation arrangements (9,000)               (9,000)  
Excise tax on repurchases of common stock (478)             (478)    
Class C Common Stock repurchased (in shares)             (8,721,000)      
Class C Common Stock repurchased (65,000)           $ (3) 316 (65,313)  
Issuance of common stock, net of forfeitures (in shares)         21,000   3,826,000      
Issuance of Class C Common Stock, net of forfeitures 1,852           $ 1 1,851    
Stock-based compensation expense 40,794             40,794    
Comprehensive income (loss) (136,731)               (133,810) (2,921)
Ending balance (in shares) at Dec. 31, 2024         188,823,000 34,450,000 206,496,000      
Ending balance at Dec. 31, 2024 1,984,723       $ 63 $ 11 $ 68 1,224,337 840,288 (80,044)
Beginning balance (in shares) at Sep. 30, 2024         188,822,000 34,450,000 209,058,000      
Beginning balance at Sep. 30, 2024 1,985,201       $ 63 $ 11 $ 69 1,212,378 864,027 (91,347)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)             (65,000)      
Shares withheld for employee tax obligations on stock-based compensation arrangements (601)               (601)  
Excise tax on repurchases of common stock (278)             (278)    
Class C Common Stock repurchased (in shares)             (2,781,000)      
Class C Common Stock repurchased (25,000)           $ (1) (627) (24,372)  
Issuance of common stock, net of forfeitures (in shares)         1,000   284,000      
Issuance of Class C Common Stock, net of forfeitures 538             538    
Stock-based compensation expense 12,326             12,326    
Comprehensive income (loss) 12,537               1,234 11,303
Ending balance (in shares) at Dec. 31, 2024         188,823,000 34,450,000 206,496,000      
Ending balance at Dec. 31, 2024 1,984,723       $ 63 $ 11 $ 68 1,224,337 840,288 (80,044)
Beginning balance (in shares) at Mar. 31, 2025   188,822,726 34,450,000 202,720,745 188,823,000 34,450,000 202,721,000      
Beginning balance at Mar. 31, 2025 1,890,278       $ 63 $ 11 $ 67 1,237,798 746,277 (93,938)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)             (1,351,000)      
Shares withheld for employee tax obligations on stock-based compensation arrangements (8,036)               (8,036)  
Excise tax on repurchases of common stock (114)             (114)    
Class C Common Stock repurchased (in shares)             (5,176,000)      
Class C Common Stock repurchased (25,000)           $ (2)   (24,998)  
Issuance of common stock, net of forfeitures (in shares)         11,000   6,293,000      
Issuance of Class C Common Stock, net of forfeitures 1,657           $ 1 1,656    
Reclass of equity award to liability (7,068)             (7,068)    
Stock-based compensation expense 35,786             35,786    
Comprehensive income (loss) (452,444)               (452,253) (191)
Ending balance (in shares) at Dec. 31, 2025   188,834,386 34,450,000 202,487,254 188,834,000 34,450,000 202,487,000      
Ending balance at Dec. 31, 2025 1,435,059       $ 63 $ 11 $ 66 1,268,058 260,990 (94,129)
Beginning balance (in shares) at Sep. 30, 2025         188,834,000 34,450,000 200,454,000      
Beginning balance at Sep. 30, 2025 1,855,678       $ 63 $ 11 $ 66 1,263,870 692,117 (100,449)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Shares withheld in consideration of employee tax obligations relative to stock-based compensation arrangements (in shares)             (66,000)      
Shares withheld for employee tax obligations on stock-based compensation arrangements (300)               (300)  
Issuance of common stock, net of forfeitures (in shares)             2,099,000      
Issuance of Class C Common Stock, net of forfeitures 483             483    
Reclass of equity award to liability (7,068)             (7,068)    
Stock-based compensation expense 10,773             10,773    
Comprehensive income (loss) (424,507)               (430,827) 6,320
Ending balance (in shares) at Dec. 31, 2025   188,834,386 34,450,000 202,487,254 188,834,000 34,450,000 202,487,000      
Ending balance at Dec. 31, 2025 $ 1,435,059       $ 63 $ 11 $ 66 $ 1,268,058 $ 260,990 $ (94,129)