v3.25.0.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities    
Net loss $ (307,391) $ (184,017)
Adjustments to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 37,800 31,437
Depreciation on property and equipment 268 167
Non-cash lease expense 111 878
Changes in operating assets and liabilities:    
Accounts receivable 3,147 (437)
Prepaid expenses and other current assets (11,780) 10,076
Other assets (7,541) 0
Accounts payable 12,988 2,392
Accrued expenses 7,276 (14,110)
Operating lease liabilities (115) (914)
Net cash used in operating activities (265,237) (154,528)
Cash flows from investing activities    
Purchase of property and equipment (558) (210)
Net cash used in investing activities (558) (210)
Cash flows from financing activities    
Payment of offering and private placement costs 0 (6,012)
Proceeds from stock options exercised 3,880 4,149
Net cash provided by financing activities 3,880 470,882
Effect of exchange rate changes on cash and cash equivalents 1,235 (1,739)
Net change in cash and cash equivalents (260,680) 314,405
Cash and cash equivalents – beginning of period 635,365 376,532
Cash and cash equivalents – end of period 374,685 690,937
Supplemental disclosure of cash paid:    
Income taxes 301 0
Underwritten Offering    
Cash flows from financing activities    
Proceeds from issuance of common stock upon underwritten public offering and private placement $ 0 $ 472,745

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