$310.64M
Revenue
$30.42M
Net Income
61.67%
Gross Margin
11.50%
Op. Margin
$64.23M
Free Cash Flow
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $310.64M | $275.62M | $237.46M | $198.06M | $162.64M | $137.18M | $160.76M | $140.84M | $127.36M | $127.68M | $120.37M |
| Revenue Growth % | 12.7% | 16.1% | 19.9% | 21.8% | 18.6% | -14.7% | 14.1% | 10.6% | -0.2% | 6.1% | nan% |
| Cost of Revenue | $119.08M | $103.64M | $93.21M | $77.25M | $61.10M | $47.80M | $79.81M | $66.96M | $62.94M | $63.89M | $52.26M |
| Gross Profit | $191.55M | $171.99M | $144.26M | $120.82M | $101.53M | $89.38M | $80.95M | $73.88M | $64.42M | $63.78M | $68.11M |
| Gross Margin % | 61.7% | 62.4% | 60.7% | 61.0% | 62.4% | 65.2% | 50.4% | 52.5% | 50.6% | 50.0% | 56.6% |
| Operating Expenses | $155.84M | $149.40M | $128.50M | $107.94M | - | - | - | $86.96M | $76.50M | $75.19M | $72.42M |
| Research & Development | $70.75M | $62.41M | $56.74M | $50.26M | $46.33M | $55.34M | $41.46M | $37.82M | $27.94M | $29.05M | $26.69M |
| Selling General & Admin | - | - | $128.50M | $107.94M | $95.21M | $110.33M | $115.01M | $86.96M | $76.50M | - | - |
| Operating Income | $35.71M | $22.59M | $15.75M | $12.88M | $6.32M | $-20.96M | $-34.06M | $-13.08M | $-12.08M | $-11.41M | $-4.31M |
| Operating Margin % | 11.5% | 8.2% | 6.6% | 6.5% | 3.9% | -15.3% | -21.2% | -9.3% | -9.5% | -8.9% | -3.6% |
| Interest Expense | $716.00K | $1.53M | - | - | $12.00K | $20.00K | $9.00K | $10.00K | $10.00K | $15.00K | $29.00K |
| Interest Income | $1.77M | $3.78M | $5.08M | $2.19M | $59.00K | $107.00K | $380.00K | $339.00K | $98.00K | $162.00K | $92.00K |
| Other Income/Expense | $2.06M | $791.00K | $-152.00K | $697.00K | $145.00K | $-338.00K | $-176.00K | $-191.00K | $391.00K | $-224.00K | $491.00K |
| Income Before Tax | $38.82M | $25.64M | $20.68M | $15.76M | $6.51M | $-21.21M | $-33.87M | $-12.94M | $-11.60M | $-11.48M | $-3.76M |
| Income Tax Expense | $8.39M | $2.41M | $-65.51M | $1.18M | $33.00K | $-208.00K | $201.00K | $221.00K | $-3.25M | $236.00K | $6.00K |
| Net Income | $30.42M | $23.23M | $86.19M | $14.58M | $6.48M | $-21.00M | $-34.07M | $-13.16M | $-8.35M | $-11.72M | $-3.77M |
| Net Margin % | 9.8% | 8.4% | 36.3% | 7.4% | 4.0% | -15.3% | -21.2% | -9.3% | -6.6% | -9.2% | -3.1% |
| Basic EPS | nan | 0.84 | 3.31 | 0.52 | 0.19 | -1.01 | -1.47 | nan | nan | nan | nan |
| Diluted EPS | nan | 0.82 | 3.17 | 0.49 | 0.18 | -1.01 | -1.47 | nan | nan | nan | nan |
| Basic Shares Outstanding | 28.0M | 27.5M | 25.7M | 24.7M | 24.4M | 23.5M | 23.2M | 23K | 23K | - | - |
| Diluted Shares Outstanding | 28.4M | 28.3M | 26.8M | 25.9M | 25.5M | 23.5M | 23.2M | - | - | - | - |
| Breakdown | FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Cash Equivalents | $73.04M | $144.89M | $112.84M | $96.97M | $99.18M | $46.65M | $40.77M | - | - | - |
| Accounts Receivable | $31.53M | $29.44M | $22.38M | $25.18M | $25.73M | $35.87M | $27.00M | $16.39M | $15.60M | $22.02M |
| Inventory | $5.17M | $4.59M | $9.77M | $6.94M | $1.18M | $3.89M | $2.04M | $2.00M | $2.21M | $2.69M |
| Other Current Assets | $9.26M | $7.73M | $7.42M | $5.42M | $4.80M | $4.87M | $6.27M | - | - | - |
| Total Current Assets | $123.53M | $188.94M | $154.66M | $136.17M | $133.25M | $93.41M | $79.01M | $63.92M | $73.52M | $95.50M |
| Property Plant & Equipment | $16.72M | $17.93M | $14.58M | $6.34M | $8.79M | $12.23M | $15.84M | $17.51M | $16.00M | $14.20M |
| Goodwill | $130.64M | $32.79M | $32.64M | $32.76M | $19.62M | $19.62M | $19.62M | $19.62M | $19.62M | $19.62M |
| Intangible Assets | $70.80M | $16.95M | $18.14M | $20.18M | $8.40M | $8.40M | $8.44M | $8.48M | $8.53M | $8.58M |
| Other Non-current Assets | $9.05M | $8.06M | $7.53M | $6.15M | $5.80M | $6.31M | $6.12M | $2.48M | $2.63M | $3.05M |
| Total Assets | $434.37M | $350.43M | $243.04M | $214.16M | $189.87M | $154.56M | $163.59M | $157.21M | $167.31M | $185.16M |
| Accounts Payable | $12.39M | $9.42M | $9.42M | $9.77M | $6.35M | $13.40M | $4.72M | $8.40M | $8.70M | $7.76M |
| Accrued Liabilities | $22.32M | $19.52M | $13.71M | $10.55M | $11.39M | $9.03M | $14.89M | $9.24M | $8.33M | $12.98M |
| Deferred Revenue | - | - | - | - | - | - | $38.67M | $26.82M | $29.18M | $33.24M |
| Total Current Liabilities | $111.02M | $89.37M | $78.52M | $71.47M | $61.16M | $69.42M | $58.30M | $44.58M | $46.34M | $54.10M |
| Long-term Debt | $24.00M | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | $10.99M | $554.00K | $2.26M | $938.00K | $923.00K | $880.00K | - | - | - | - |
| Other Non-current Liabilities | $5.17M | $4.42M | $4.02M | $3.30M | $3.86M | $1.86M | $3.77M | $3.91M | $4.00M | $4.29M |
| Common Stock | $10.00M | $10.00M | $9.48M | $9.48M | $9.48M | $9.48M | $9.48M | $9.48M | $9.48M | $9.48M |
| Retained Earnings | $160.98M | $137.75M | $52.76M | $40.02M | $35.38M | $58.98M | $93.05M | $103.60M | $112.69M | $124.41M |
| Treasury Stock | $1.60M | $1.79M | $1.88M | $2.06M | $2.28M | $2.40M | $2.43M | $2.49M | $2.52M | $2.60M |
| Total Stockholders Equity | $265.89M | $236.48M | $109.31M | $97.34M | $79.88M | $71.76M | $100.62M | $108.43M | $113.67M | $123.47M |
| Total Liabilities & Equity | $434.37M | $350.43M | $243.04M | $214.16M | $189.87M | $154.56M | $163.59M | $157.21M | $167.31M | $185.16M |
| Breakdown | TTM (Dec 31, 2025) |
FY 2024 (Mar 31, 2025) |
FY 2023 (Mar 31, 2024) |
FY 2022 (Mar 31, 2023) |
FY 2021 (Mar 31, 2022) |
FY 2020 (Mar 31, 2021) |
FY 2019 (Mar 31, 2020) |
FY 2018 (Mar 31, 2019) |
FY 2017 (Mar 31, 2018) |
FY 2016 (Mar 31, 2017) |
FY 2015 (Mar 31, 2016) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $47.02M | $23.23M | $86.19M | $14.58M | $6.48M | $-21.00M | $-34.07M | $-13.16M | $-8.35M | $-11.72M | $-3.77M |
| Stock-based Compensation | $35.98M | $17.78M | $14.11M | $12.96M | $14.55M | $40.09M | $5.21M | $4.38M | $4.69M | $2.43M | $3.40M |
| Deferred Income Tax | $9.87M | $434.00K | $-66.35M | $-181.00K | $-925.00K | $-959.00K | $-356.00K | $309.00K | $-3.08M | - | - |
| Change in Working Capital | - | - | - | - | - | - | - | - | - | - | $226.00K |
| Change in Receivables | - | $565.00K | $7.00M | $-2.54M | $-2.55M | $-10.36M | $8.97M | $7.54M | $719.00K | $-6.37M | $-3.24M |
| Change in Inventory | - | $556.00K | $-5.19M | $2.90M | $5.76M | $-2.75M | $1.83M | $50.00K | $-229.00K | $-476.00K | $2.05M |
| Change in Payables | - | $2.19M | $973.00K | $-1.58M | $3.42M | $-7.02M | $8.59M | $-3.51M | $130.00K | $554.00K | $-7.90M |
| Operating Cash Flow | $67.83M | $55.13M | $48.19M | $34.46M | $28.48M | $28.41M | $10.57M | $7.24M | $6.87M | $3.43M | $7.22M |
| Capital Expenditure | $3.61M | $2.78M | $8.13M | $7.24M | $1.20M | $1.39M | $3.42M | $3.32M | $6.14M | $4.16M | $4.84M |
| Acquisitions | - | $145.76M | - | $-395.00K | $24.45M | - | - | - | - | - | - |
| Purchases of Investments | - | - | - | - | - | - | - | - | - | - | - |
| Investing Cash Flow | $-4.42M | $-148.57M | $-7.60M | $-6.87M | $-25.68M | $-1.39M | $-3.45M | $-5.53M | $-15.09M | $-13.87M | $-21.01M |
| Debt Repayment | $60.00M | - | $2.00K | $4.00K | $19.00K | $24.00K | $24.00K | $120.00K | $124.00K | $117.00K | $142.00K |
| Financing Cash Flow | $-74.79M | $21.93M | $-8.56M | $-11.09M | $-4.90M | $25.32M | $-1.12M | $-767.00K | $-1.29M | - | $-577.00K |
| Net Change in Cash | $-10.49M | $-71.85M | $32.05M | $15.87M | $-2.21M | $52.53M | $5.88M | $828.00K | $-9.31M | $-11.35M | $-14.46M |
SEC Filing Format - Data shown as it appears in the Q3 2025 (10-Q) filing
Period ended: Dec 31, 2025
Condensed Consolidated Statements of Operations
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Total Revenue | $80.39M | $69.56M | $236.37M | $201.35M |
| Cost of Revenue | $30.15M | $25.71M | $89.86M | $74.42M |
| Gross Profit | $50.24M | $43.85M | $146.50M | $126.94M |
| Operating Expenses | $38.51M | $36.45M | $116.10M | $109.66M |
| Research & Development | $18.93M | $14.97M | $54.21M | $45.86M |
| Operating Income | $11.73M | $7.41M | $30.40M | $17.28M |
| Interest Expense | $30.00K | $657.00K | $303.00K | $1.12M |
| Interest Income | $485.00K | $416.00K | $1.28M | $3.29M |
| Other Income/Expense | $696.00K | $574.00K | $2.07M | $804.00K |
| Income Before Tax | $12.88M | $7.74M | $33.44M | $20.26M |
| Income Tax Expense | $2.99M | $3.91M | $6.95M | $962.00K |
| Net Income | $9.90M | $3.83M | $26.50M | $19.30M |
| Basic EPS | 0.35 | 0.14 | 0.95 | 0.70 |
| Diluted EPS | 0.35 | 0.14 | 0.93 | 0.68 |
| Basic Shares Outstanding | $27.97M | $27.67M | $27.88M | $27.45M |
| Diluted Shares Outstanding | $28.44M | $28.31M | $28.38M | $28.25M |
Condensed Consolidated Balance Sheets
| Description | Dec 31, 2025 | Mar 31, 2025 |
|---|---|---|
| Cash & Cash Equivalents | $81.45M | $73.04M |
| Accounts Receivable | $63.70M | $31.53M |
| Inventory | $7.79M | $5.17M |
| Other Current Assets | $164.00K | $1.20M |
| Total Current Assets | $169.77M | $123.53M |
| Property Plant & Equipment | $14.69M | $16.72M |
| Goodwill | $135.84M | $130.64M |
| Intangible Assets | $68.78M | $70.80M |
| Other Non-current Assets | $10.66M | $9.05M |
| Total Assets | $475.18M | $434.37M |
| Accounts Payable | $12.50M | $12.39M |
| Accrued Liabilities | $19.47M | $22.32M |
| Total Current Liabilities | $129.90M | $111.02M |
| Long-term Debt | - | $24.00M |
| Deferred Tax Liabilities | $11.50M | $10.99M |
| Other Non-current Liabilities | $5.77M | $5.17M |
| Common Stock | $10.00M | $10.00M |
| Retained Earnings | $187.48M | $160.98M |
| Treasury Stock | $1.58M | $1.60M |
| Total Stockholders Equity | $313.12M | $265.89M |
| Total Liabilities & Equity | $475.18M | $434.37M |
Condensed Consolidated Statements of Cash Flows
| Description | Dec 31, 2025 | Dec 31, 2025 | ||
|---|---|---|---|---|
| Current | Prior Year | Current YTD | Prior Year YTD | |
| Net Income | $9.90M | $3.83M | $26.50M | $19.30M |
| Stock-based Compensation | - | - | $15.80M | $12.66M |
| Deferred Income Tax | - | - | $5.82M | $-980.00K |
| Operating Cash Flow | - | - | $34.16M | $27.98M |
| Capital Expenditure | - | - | $1.42M | $2.08M |
| Acquisitions | - | - | - | $144.94M |
| Investing Cash Flow | - | - | $-1.42M | $-147.05M |
| Debt Repayment | - | - | $24.00M | $12.00M |
| Financing Cash Flow | - | - | $-24.58M | $35.25M |
| Net Change in Cash | - | - | $8.41M | $-84.13M |
All values are in USD (United States Dollars). Data is sourced from SEC EDGAR 10-K filings.
Annual data represents full fiscal year results. FY = Fiscal Year ending.