Dynatrace (DT) 10-Q 30 Jan 25 2025 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Dec. 31, 2024	Jan. 28, 2025
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	001-39010
Entity Registrant Name	Dynatrace, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-2386428
Entity Address, Address Line One	1601 Trapelo Road, Suite 116
Entity Address, City or Town	Waltham,
Entity Address, State or Province	MA
Entity Address, Postal Zip Code	02451
City Area Code	781
Local Phone Number	530-1000
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	DT
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		299,350,033
Amendment Flag	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001773383
Current Fiscal Year End Date	--03-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Current assets:
Cash and cash equivalents	$ 907,482	$ 778,983
Short-term investments	100,225	57,891
Accounts receivable, net	391,578	602,739
Deferred commissions, current	102,811	98,935
Prepaid expenses and other current assets	73,130	66,749
Total current assets	1,575,226	1,605,297
Long-term investments	46,260	46,350
Property and equipment, net	49,426	53,325
Operating lease right-of-use assets, net	66,666	61,390
Goodwill	1,335,386	1,335,494
Intangible assets, net	23,351	50,995
Deferred tax assets, net	514,838	138,836
Deferred commissions, non-current	88,237	93,310
Other assets	35,715	24,782
Total assets	3,735,105	3,409,779
Current liabilities:
Accounts payable	8,552	21,410
Accrued expenses, current	213,130	233,675
Deferred revenue, current	812,892	987,953
Operating lease liabilities, current	13,995	15,513
Total current liabilities	1,048,569	1,258,551
Deferred revenue, non-current	54,940	62,308
Accrued expenses, non-current	16,533	18,404
Operating lease liabilities, non-current	61,216	54,013
Deferred tax liabilities	563	1,013
Total liabilities	1,181,821	1,394,289
Commitments and contingencies (Note 10)
Shareholders' equity:
Common shares, $0.001 par value, 600,000,000 shares authorized, 299,343,079 and 296,962,547 shares issued and outstanding at December 31, 2024 and March 31, 2024, respectively	299	297
Additional paid-in capital	2,340,470	2,249,349
Retained earnings (accumulated deficit)	245,623	(198,757)
Accumulated other comprehensive loss	(33,108)	(35,399)
Total shareholders' equity	2,553,284	2,015,490
Total liabilities and shareholders' equity	$ 3,735,105	$ 3,409,779

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Mar. 31, 2024
Statement of Financial Position [Abstract]
Par value (in dollars per share)	$ 0.001	$ 0.001
Common shares, authorized (in shares)	600,000,000	600,000,000
Common shares, issued (in shares)	299,343,079	296,962,547
Common shares, outstanding (in shares)	299,343,079	296,962,547

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Revenue:
Total revenue	$ 436,169	$ 365,096	$ 1,253,518	$ 1,049,682
Cost of revenue:
Amortization of acquired technology	3,756	4,237	12,528	12,035
Total cost of revenue	82,561	67,869	235,098	194,580
Gross profit	353,608	297,227	1,018,420	855,102
Operating expenses:
Research and development	98,343	80,102	281,287	220,468
Sales and marketing	154,472	132,723	443,802	385,445
General and administrative	49,354	43,231	143,285	127,074
Amortization of other intangibles	3,975	5,451	13,527	16,838
Total operating expenses	306,144	261,507	881,901	749,825
Income from operations	47,464	35,720	136,519	105,277
Interest income, net	11,726	10,605	37,351	26,260
Other expense, net	(2,072)	(3,901)	(6,145)	(6,724)
Income before income taxes	57,118	42,424	167,725	124,813
Income tax benefit (expense)	304,634	267	276,655	(8,125)
Net income	$ 361,752	$ 42,691	$ 444,380	$ 116,688
Net income per share:
Basic (in dollars per share)	$ 1.21	$ 0.14	$ 1.49	$ 0.40
Diluted (in dollars per share)	$ 1.19	$ 0.14	$ 1.47	$ 0.39
Weighted average shares outstanding:
Basic (in shares)	298,646	294,869	298,049	293,295
Diluted (in shares)	303,467	299,246	302,815	298,335
Subscription
Revenue:
Total revenue	$ 417,207	$ 348,294	$ 1,198,593	$ 999,245
Cost of revenue:
Cost of revenues	60,666	46,888	170,034	134,584
Service
Revenue:
Total revenue	18,962	16,802	54,925	50,437
Cost of revenue:
Cost of revenues	$ 18,139	$ 16,744	$ 52,536	$ 47,961

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 361,752	$ 42,691	$ 444,380	$ 116,688
Other comprehensive income (loss)
Foreign currency translation adjustment	3,290	(2,765)	2,013	(4,656)
Unrealized (losses) gains on available-for-sale investments, net of taxes	(388)	0	278	0
Total other comprehensive income (loss)	2,902	(2,765)	2,291	(4,656)
Comprehensive income	$ 364,654	$ 39,926	$ 446,671	$ 112,032

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Shares	Additional  Paid-In Capital	(Accumulated Deficit) Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Mar. 31, 2023		290,411,000
Beginning balance at Mar. 31, 2023	$ 1,604,869	$ 290	$ 1,989,797	$ (353,389)	$ (31,829)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(4,656)				(4,656)
Restricted stock units vested (in shares)		3,644,000
Restricted stock units vested	0	$ 4	(4)
Issuance of common stock related to employee stock purchase plan (in shares)		534,000
Issuance of common stock related to employee stock purchase plan	19,472	$ 1	19,471
Exercise of stock options (in shares)		1,188,000
Exercise of stock options	24,205	$ 1	24,204
Share-based compensation	153,298		153,298
Net income	116,688			116,688
Ending balance (in shares) at Dec. 31, 2023		295,777,000
Ending balance at Dec. 31, 2023	1,913,876	$ 296	2,186,766	(236,701)	(36,485)
Beginning balance (in shares) at Sep. 30, 2023		294,294,000
Beginning balance at Sep. 30, 2023	1,801,654	$ 294	2,114,472	(279,392)	(33,720)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	(2,765)				(2,765)
Restricted stock units vested (in shares)		864,000
Restricted stock units vested	0	$ 1	(1)
Issuance of common stock related to employee stock purchase plan (in shares)		221,000
Issuance of common stock related to employee stock purchase plan	9,888	$ 1	9,887
Exercise of stock options (in shares)		398,000
Exercise of stock options	7,586		7,586
Share-based compensation	54,822		54,822
Net income	42,691			42,691
Ending balance (in shares) at Dec. 31, 2023		295,777,000
Ending balance at Dec. 31, 2023	$ 1,913,876	$ 296	2,186,766	(236,701)	(36,485)
Beginning balance (in shares) at Mar. 31, 2024	296,962,547	296,963,000
Beginning balance at Mar. 31, 2024	$ 2,015,490	$ 297	2,249,349	(198,757)	(35,399)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	2,291				2,291
Restricted stock units vested (in shares)		4,177,000
Restricted stock units vested	0	$ 4	(4)
Issuance of common stock related to employee stock purchase plan (in shares)		531,000
Issuance of common stock related to employee stock purchase plan	$ 21,159		21,159
Exercise of stock options (in shares)	660,000	660,000
Exercise of stock options	$ 14,903	$ 1	14,902
Share-based compensation	201,499		201,499
Shares withheld for employee taxes (in shares)		(328,000)
Shares withheld for employee taxes	(16,338)		(16,338)
Repurchases of common stock (in shares)		(2,660,000)
Repurchases of common stock	(130,100)	$ (3)	(130,097)
Net income	$ 444,380			444,380
Ending balance (in shares) at Dec. 31, 2024	299,343,079	299,343,000
Ending balance at Dec. 31, 2024	$ 2,553,284	$ 299	2,340,470	245,623	(33,108)
Beginning balance (in shares) at Sep. 30, 2024		298,519,000
Beginning balance at Sep. 30, 2024	2,143,956	$ 299	2,295,796	(116,129)	(36,010)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Other comprehensive income (loss)	2,902				2,902
Restricted stock units vested (in shares)		1,102,000
Restricted stock units vested	0	$ 1	(1)
Issuance of common stock related to employee stock purchase plan (in shares)		269,000
Issuance of common stock related to employee stock purchase plan	10,770		10,770
Exercise of stock options (in shares)		261,000
Exercise of stock options	6,130		6,130
Share-based compensation	72,139		72,139
Shares withheld for employee taxes (in shares)		(76,000)
Shares withheld for employee taxes	(4,372)		(4,372)
Repurchases of common stock (in shares)		(732,000)
Repurchases of common stock	(39,993)	$ (1)	(39,992)
Net income	$ 361,752			361,752
Ending balance (in shares) at Dec. 31, 2024	299,343,079	299,343,000
Ending balance at Dec. 31, 2024	$ 2,553,284	$ 299	$ 2,340,470	$ 245,623	$ (33,108)

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities:
Net income	$ 444,380	$ 116,688
Adjustments to reconcile net income to cash provided by operations:
Depreciation	13,851	11,781
Amortization	27,603	29,067
Share-based compensation	201,499	153,298
Deferred income taxes	(378,795)	(49,579)
Other	4,135	7,016
Net change in operating assets and liabilities:
Accounts receivable	204,251	83,444
Deferred commissions	(3,035)	874
Prepaid expenses and other assets	(21,573)	(27,437)
Accounts payable and accrued expenses	(27,608)	(24,022)
Operating leases, net	434	1,253
Deferred revenue	(168,513)	(55,946)
Net cash provided by operating activities	296,629	246,437
Cash flows from investing activities:
Purchase of property and equipment	(11,540)	(16,662)
Capitalized software additions	0	(4,655)
Acquisition of a business, net of cash acquired	(100)	(32,297)
Purchases of investments	(107,989)	0
Proceeds from sales and maturities of investments	68,145	0
Net cash used in investing activities	(51,484)	(53,614)
Cash flows from financing activities:
Payments of deferred consideration related to capitalized software additions	(1,656)	0
Proceeds from employee stock purchase plan	21,159	19,472
Proceeds from exercise of stock options	14,903	24,205
Repurchases of common stock	(130,100)	0
Taxes paid related to net share settlement of equity awards	(16,338)	0
Net cash (used in) provided by financing activities	(112,032)	43,677
Effect of exchange rates on cash and cash equivalents	(4,614)	(9,199)
Net increase in cash and cash equivalents	128,499	227,301
Cash and cash equivalents, beginning of period	778,983	555,348
Cash and cash equivalents, end of period	907,482	782,649
Supplemental cash flow data:
Cash paid for interest	575	656
Cash paid for tax, net	84,344	61,758
Non-cash investing and financing activities:
Capitalized software additions in accounts payable and accrued expenses	$ 0	$ 6,686

Description of the Business

Description of the Business	9 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business Business Dynatrace, Inc. (“Dynatrace”, or the “Company”) offers the only end-to-end platform that combines broad and deep observability and continuous runtime application security with Davis® hypermodal artificial intelligence (“AI”) to provide answers and intelligent automation from data at an enormous scale. The Company’s comprehensive solutions help IT, development, security, and business operations teams at global organizations modernize and automate cloud operations, deliver software faster and more securely, and provide significantly improved digital experiences. Fiscal year The Company’s fiscal year ends on March 31. References to fiscal 2025, for example, refer to the fiscal year ending March 31, 2025.

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Basis of presentation and consolidation The condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. All intercompany balances and transactions have been eliminated in the accompanying condensed consolidated financial statements. Unaudited interim consolidated financial information The accompanying interim condensed consolidated balance sheet as of December 31, 2024 and the interim condensed consolidated statements of operations, statements of comprehensive income, and statements of shareholders’ equity for the three and nine months ended December 31, 2024 and 2023, statements of cash flows for the nine months ended December 31, 2024 and 2023, and the related disclosures are unaudited. In management’s opinion, the unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all normal and recurring adjustments necessary for the fair presentation of the Company’s financial position as of December 31, 2024, its results of operations for the three and nine months ended December 31, 2024 and 2023, and its cash flows for the nine months ended December 31, 2024 and 2023 are in accordance with U.S. GAAP. The results for the three and nine months ended December 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year or any other interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (the “Annual Report”). Use of estimates The preparation of unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported in the condensed consolidated financial statements and accompanying notes. Management evaluates such estimates and assumptions for continued reasonableness. In particular, the Company makes estimates with respect to the stand-alone selling price for each distinct performance obligation in customer contracts with multiple performance obligations, the allowance for credit losses, the fair value of assets acquired and liabilities assumed in business combinations, the valuation of long-lived assets, the valuation of intellectual property (“IP”), the period of benefit for deferred commissions and material rights, income taxes, equity-based compensation expense, and the determination of the incremental borrowing rate used for operating lease liabilities, among other things. Management bases these estimates on historical experiences and on various other assumptions that the Company believes are reasonable. Actual results could differ from those estimates. Significant accounting policies The Company’s significant accounting policies are discussed in Note 2, Significant Accounting Policies, to the audited consolidated financial statements in the Company’s Annual Report. There have been no changes to the Company’s significant accounting policies described in the Company’s Annual Report that have had a material impact on its condensed consolidated financial statements and related notes. Recently issued accounting pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures, which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and application of all segment disclosure requirement to entities with a single reportable segment. ASU 2023-07 is effective for the Company’s annual periods beginning fiscal 2025 and interim periods beginning the first quarter of fiscal 2026. The Company is currently evaluating the impact ASU 2023-07 will have on its financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in the income tax rate reconciliation table and disaggregates the income taxes paid by jurisdiction. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024, which will be the Company’s fiscal 2026. The Company is currently evaluating the impact ASU 2023-09 will have on its financial statement disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires the disclosure of more detailed information on commonly presented expenses. ASU 2024-03 will be effective for the Company’s annual periods beginning fiscal 2028 and interim periods beginning the first quarter of fiscal 2029. The Company is currently evaluating the impact ASU 2024-03 will have on its financial statement disclosures.

Revenue Recognition

Revenue Recognition	9 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition Disaggregation of revenue The following table is a summary of the Company’s total revenue by geographic region (in thousands, except percentages): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Amount % Amount % Amount % Amount % North America $ 265,706 61 % $ 217,661 60 % $ 759,400 61 % $ 625,166 60 % Europe, Middle East and Africa 106,766 24 % 89,816 25 % 306,892 24 % 260,729 25 % Asia Pacific 38,084 9 % 33,943 9 % 112,012 9 % 94,940 9 % Latin America 25,613 6 % 23,676 6 % 75,214 6 % 68,847 6 % Total revenue $ 436,169 $ 365,096 $ 1,253,518 $ 1,049,682 For the three and nine months ended December 31, 2024 and 2023 , the United States was the only country that represented more than 10% of the Company’s revenue, constituting $256.0 million and 59% and $206.1 million and 56% of total revenue during the three months ended December 31, 2024 and 2023, respectively, and $724.1 million and 58% and $591.9 million and 56% of total revenue during the nine months ended December 31, 2024 and 2023, respectively. Revenue recognized during the three months ended December 31, 2024 and 2023, which was included in the deferred revenue balance at the beginning of each respective period, was $347.4 million and $311.5 million, respectively. Revenue recognized during the nine months ended December 31, 2024 and 2023, which was included in the deferred revenue balance at the beginning of each respective period, was $880.4 million and $712.3 million, respectively. Remaining performance obligations As of December 31, 2024, the aggregate amount of the transaction price allocated to remaining performance obligations was $2,500.1 million, which consists of both billed consideration in the amount of $867.8 million and unbilled consideration in the amount of $1,632.3 million that the Company expects to recognize as subscription and service revenue. The Company expects to recognize 54% of the total remaining performance obligations as revenue over the next 12 months and the remainder thereafter. Contract assets

Business Combinations

Business Combinations	9 Months Ended
	Dec. 31, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Business Combinations	Business Combinations Rookout, Ltd. On August 31, 2023, the Company acquired 100% of the outstanding equity of Rookout, Ltd. (“Rookout”). Rookout is a provider of enterprise-ready and privacy-aware solutions that enable developers to troubleshoot and debug actively running code in Kubernetes-hosted cloud-native applications. This acquisition expanded the Company’s unified observability and security platform from the addition of Rookout’s technology and experienced team. The purchase consideration of Rookout was $33.4 million, after considering certain adjustments, and was paid from cash on hand. The fair value of the purchase price was allocated to the identifiable assets acquired and liabilities assumed as of the acquisition date, with the excess recorded to goodwill. The Company acquired $6.0 million of net assets, including $7.8 million of intangible assets, resulting in goodwill of $27.4 million. The fair value of acquired assets and assumed liabilities was finalized in August 2024. Goodwill is primarily attributable to expected synergies and acquired skilled workforce. The goodwill was allocated to the Company’s one reporting unit. The Company identified developed technology as the sole acquired intangible asset. The estimated fair value of the developed technology was $7.8 million, which was based on a valuation using the income approach. The estimated useful life of the developed technology is seven years. The acquired goodwill and intangible asset were not deductible for tax purposes. Runecast Solutions Limited On March 1, 2024, the Company acquired a 100% equity interest in Runecast Solutions Limited (“Runecast”). Runecast is a provider of software solutions that provide insights for security compliance, vulnerability assessment, and configuration management for complex, on-premises, hybrid and multi-cloud IT environments. This acquisition expanded the Company’s unified observability and security platform from the addition of Runecast’s technology and experienced team. The preliminary purchase consideration consisted of $26.1 million cash paid at closing and $2.3 million in deferred cash payments. The deferred cash payments are being held by the Company to satisfy indemnification obligations and post-closing purchase price adjustments payable within 15 months after the acquisition date. The Company paid $0.1 million for a post-closing purchase price adjustment in June 2024. In connection with the acquisition of Runecast, $9.0 million of restricted stock awards (“RSAs”) will be issued to the previous owners subject to continuing employment and certain indemnification clauses. For the three and nine months ended December 31, 2024, the Company recognized $0.9 million and $2.8 million of share-based compensation expense for the RSAs, respectively. The fair value of the purchase price was allocated to the identifiable assets acquired and assumed acquired as of the acquisition date, with the excess recorded to goodwill. The Company acquired $3.2 million of net assets, including $7.5 million of intangible assets, resulting in goodwill of $25.2 million. The preliminary fair value of assets acquired and liabilities assumed may change as additional information is received during the measurement period.

Investments and Fair Value Meas

Investments and Fair Value Measurements	9 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Investments and Fair Value Measurements	Investments and Fair Value Measurements The following table summarizes the amortized cost, unrealized gains and losses, and fair value of the Company’s available-for-sale investments, including those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets (in thousands): December 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. treasury securities $ 110,980 $ 198 $ (44) $ 111,134 Corporate debt securities 19,273 50 (33) $ 19,290 Commercial paper 6,164 4 (21) 6,147 U.S. government agency securities 12,098 1 (18) 12,081 Total $ 148,515 $ 253 $ (116) $ 148,652 March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. treasury securities $ 149,978 $ — $ (229) $ 149,749 The Company regularly reviews the securities in an unrealized loss position and evaluates the current expected credit loss by considering factors such as credit ratings, issuer-specific factors, current economic conditions, and reasonable and supportable forecasts. The Company does not intend to sell these investments nor is it more likely than not that the Company would be required to sell the securities before their anticipated maturity. Based on the evaluation of available evidence, the Company does not believe any unrealized losses on its investments represent credit losses as of December 31, 2024 and March 31, 2024. The fair values of available-for-sale investments, excluding those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets, by remaining contractual maturity are as follows (in thousands): December 31, 2024 March 31, 2024 Due within one year $ 100,225 $ 57,891 Due in one year through five years 45,781 46,248 Total $ 146,006 $ 104,139 Effective January 1, 2024, the Company offers a non-qualified deferred compensation plan to eligible U.S. employees. The Company held $0.5 million and $0.1 million of mutual funds that are associated with this plan and were classified as restricted trading securities as of December 31, 2024 and March 31, 2024, respectively. These securities are not included in the tables above but are included as investments in the condensed consolidated balance sheets. The following tables present the Company’s financial assets that have been measured at fair value on a recurring basis as of December 31, 2024 and March 31, 2024, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): December 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 616,004 $ — $ — $ 616,004 U.S. treasury securities — 1,158 — 1,158 Commercial paper — 1,488 — 1,488 Investments: Mutual funds 479 — — 479 U.S. treasury securities — 109,976 — 109,976 Corporate debt securities — 19,290 — 19,290 Commercial paper — 4,659 — 4,659 U.S. agency securities — 12,081 — 12,081 Total financial assets $ 616,483 $ 148,652 $ — $ 765,135 March 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 477,102 $ — $ — $ 477,102 U.S. treasury securities — 45,610 — 45,610 Investments: Mutual funds 102 — — 102 U.S. treasury securities — 104,139 — 104,139 Total financial assets $ 477,204 $ 149,749 $ — $ 626,953

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	9 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	Goodwill and Other Intangible Assets, Net Changes in the carrying amount of goodwill for the nine months ended December 31, 2024 consists of the following (in thousands): December 31, 2024 Balance, beginning of period $ 1,335,494 Foreign currency impact (108) Balance, end of period $ 1,335,386 Intangible assets, net, excluding goodwill, consists of the following (in thousands): Weighted December 31, 2024 March 31, 2024 Capitalized software 103 $ 218,491 $ 218,529 Customer relationships 120 351,743 351,756 Trademarks and tradenames 120 55,003 55,003 Total intangible assets 625,237 625,288 Less: accumulated amortization (601,886) (574,293) Total other intangible assets, net $ 23,351 $ 50,995 Amortization of intangible assets totaled $8.2 million and $9.9 million for the three months ended December 31, 2024 and 2023, respectively, and $27.6 million a nd $29.1 million for the nine months ended December 31, 2024 and 2023 , respectively.

Income Taxes

Income Taxes	9 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company computes its interim provision for income taxes by applying the estimated annual effective tax rate to income from operations and adjusts the provision for discrete tax items occurring in the period. The Company’s effective tax rate for the three months ended December 31, 2024 was (533.3)% compared to (0.6)% for the three months ended December 31, 2023. The Company’s effective tax rate for the nine months ended December 31, 2024 was (164.9)% compared to 6.5% for the nine months ended December 31, 2023. The decrease in the effective tax rate for both the three months ended December 31, 2024 and the nine months ended December 31, 2024 was primarily due to a recognition of a deferred tax asset and related discrete tax benefit from the IP Transfer (as defined below).

Long-term Debt

Long-term Debt	9 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt On December 2, 2022, the Company entered into a Credit Agreement for a senior secured revolving credit facility (as amended to date, the “Credit Facility”) in an aggregate amount of $400.0 million. The Credit Facility has sublimits for swing line loans up to $30.0 million and for the issuance of standby letters of credit in a face amount up to $45.0 million. The Credit Facility will mature on December 2, 2027. As of December 31, 2024 and March 31, 2024, there were no amounts outstanding under the Credit Facility. There were $0.8 million of letters of credit issued as of December 31, 2024 and March 31, 2024. The Company had $399.2 million of availability under the Credit Facility as of December 31, 2024 and March 31, 2024. Borrowings under the Credit Facility are available in U.S. dollars, Euros, Pounds Sterling and Canadian Dollars, with a sublimit of $100.0 million for non-U.S. dollar-denominated borrowings. Borrowings under the Credit Facility currently bear interest at (i) the Term Secured Overnight Financing Rate plus 0.10%, (ii) the Adjusted Euro Interbank Offer Rate, (iii) the Canadian Overnight Repo Rate Average, (iv) the Base Rate, as defined per the Credit Facility, or (v) the Sterling Overnight Index Average, in each case plus an applicable margin as defined per the Credit Agreement. Interest payments are due quarterly, or more frequently, based on the terms of the Credit Facility. The Company incurs fees with respect to the Credit Facility, including (i) a commitment fee ranging from 0.175% to 0.35% per annum, dependent on the Company’s leverage ratio, as defined per the Credit Facility, of the unused commitment under the Credit Facility, (ii) a fronting fee of 0.125% per annum of the face amount of each letter of credit, (iii) a participation fee equal to the applicable margin, as defined per the Credit Facility, applied to the daily average face amount of letters of credit, and (iv) customary administrative fees. Debt issuance costs of $1.9 million were incurred in connection with the Credit Facility. The debt issuance costs are included within “Other assets” in the condensed consolidated balance sheets and are being amortized into interest expense over the contractual term of the Credit Facility. There were $1.1 million and $1.4 million of unamortized debt issuance costs as of December 31, 2024 and March 31, 2024, respectively. Pursuant to the Credit Facility, obligations owed under the Credit Facility are secured by a first priority security interest on substantially all assets of Dynatrace LLC and other wholly owned subsidiaries of the Company, including a pledge of the capital stock and other equity interests of certain subsidiaries. Under certain circumstances, the guarantees may be released without action by, or consent of, the administrative agent of the Credit Facility. The Credit Facility contains customary affirmative and negative covenants, including financial covenants that require the Company to maintain specified financial ratios. At December 31, 2024, the Company was in compliance with all applicable covenants. Interest expense

Leases

Leases	9 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Leases	Leases The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2025 to 2035. As of December 31, 2024, the weighted average remaining lease term was 6.3 years and the weighted average discount rate was 4.2%. The Company did not have any finance leases as of December 31, 2024. The following table presents information about leases on the condensed consolidated statements of operations (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Operating lease expense $ 3,597 $ 3,911 $ 11,729 $ 11,511 Short-term lease expense $ 644 $ 505 $ 1,893 $ 1,550 Variable lease expense $ 355 $ 410 $ 1,243 $ 1,103 The following table presents supplemental cash flow information about the Company’s leases (in thousands): Nine Months Ended December 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities $ 15,119 $ 13,935 Operating lease assets obtained in exchange for new operating lease liabilities (1) $ 18,696 $ 9,973 _________________ (1) Includes the impact of new leases as well as remeasurements and modifications of existing leases. As of December 31, 2024, remaining maturities of lease liabilities were as follows (in thousands): Fiscal Years Ending March 31, Amount 2025 $ 4,604 2026 15,826 2027 14,570 2028 11,341 2029 10,352 Thereafter 28,576 Total operating lease payments 85,269 Less: imputed interest (10,058) Total operating lease liabilities $ 75,211 As of December 31, 2024, the Company had commitments of $93.9 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use assets or operating lease liabilities. These operating leases are expected to commence during fiscal year 2026 with lease terms ranging from 8 years to 10 years.
Leases	Leases The Company leases office space under non-cancelable operating leases which expire at various dates from fiscal 2025 to 2035. As of December 31, 2024, the weighted average remaining lease term was 6.3 years and the weighted average discount rate was 4.2%. The Company did not have any finance leases as of December 31, 2024. The following table presents information about leases on the condensed consolidated statements of operations (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Operating lease expense $ 3,597 $ 3,911 $ 11,729 $ 11,511 Short-term lease expense $ 644 $ 505 $ 1,893 $ 1,550 Variable lease expense $ 355 $ 410 $ 1,243 $ 1,103 The following table presents supplemental cash flow information about the Company’s leases (in thousands): Nine Months Ended December 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities $ 15,119 $ 13,935 Operating lease assets obtained in exchange for new operating lease liabilities (1) $ 18,696 $ 9,973 _________________ (1) Includes the impact of new leases as well as remeasurements and modifications of existing leases. As of December 31, 2024, remaining maturities of lease liabilities were as follows (in thousands): Fiscal Years Ending March 31, Amount 2025 $ 4,604 2026 15,826 2027 14,570 2028 11,341 2029 10,352 Thereafter 28,576 Total operating lease payments 85,269 Less: imputed interest (10,058) Total operating lease liabilities $ 75,211 As of December 31, 2024, the Company had commitments of $93.9 million for operating leases that have not yet commenced, and therefore are not included in the right-of-use assets or operating lease liabilities. These operating leases are expected to commence during fiscal year 2026 with lease terms ranging from 8 years to 10 years.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal matters

Shareholder's Equity

Shareholder's Equity	9 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Shareholder's Equity	Shareholders’ Equity Share Repurchase Program In May 2024, the Company announced a share repurchase program for up to $500 million of common stock. The share repurchase program does not have a time limit, does not obligate the Company to acquire a specific number of shares, and may be suspended, modified, or terminated at any time, without prior notice. Repurchases may be made from time to time on the open market, pursuant to 10b5-1 trading plans, or by other legally permissible means.

Share-based Compensation

Share-based Compensation	9 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Share-based Compensation	Share-based Compensation The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Cost of revenue $ 9,821 $ 6,975 $ 27,265 $ 19,660 Research and development 26,582 18,678 74,769 50,119 Sales and marketing 20,709 15,947 57,481 48,823 General and administrative 15,027 13,222 41,984 34,696 Total share-based compensation $ 72,139 $ 54,822 $ 201,499 $ 153,298 Amended and Restated 2019 Equity Incentive Plan In July 2019, the Company’s board of directors (the “Board”), upon the recommendation of the compensation committee of the Board, adopted the 2019 Equity Incentive Plan (the “2019 Plan”), which was subsequently approved by the Company’s stockholders and was later amended and restated by the Board in January 2021. The Company initially reserved 52,000,000 shares of common stock for the issuance of awards under the 2019 Plan. The 2019 Plan provides that the number of shares reserved and available for issuance under the plan automatically increases each April 1 by 4% of the outstanding number of shares of the Company’s common stock on the immediately preceding March 31 or such lesser number determined by the compensation committee. This number is subject to adjustment in the event of a stock split, stock dividend or other change in the Company’s capitalization. As of December 31, 2024, 56,830,546 shares of common stock were available for future issuance under the 2019 Plan. Stock options The following table summarizes activity for stock options during the nine months ended December 31, 2024: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (per share) (years) (in thousands) Balance, March 31, 2024 3,063 $ 22.56 5.6 $ 73,903 Exercised (660) 22.59 Forfeited or expired (49) 42.10 Balance, December 31, 2024 2,354 $ 22.14 4.7 $ 75,839 Options vested and expected to vest at December 31, 2024 2,354 $ 22.14 4.7 $ 75,839 Options vested and exercisable at December 31, 2024 2,345 $ 22.03 4.7 $ 75,809 As of December 31, 2024, the total unrecognized compensation expense related to non-vested stock options was $0.1 million and is expected to be recognized over a weighted average period of 0.3 years. Restricted shares and units The following table provides a summary of the changes in the number of RSAs and restricted stock units (“RSUs”) for the nine months ended December 31, 2024: Number of Weighted Average Grant Date Fair Value Number of RSUs Weighted Average Grant Date Fair Value (in thousands) (per share) (in thousands) (per share) Balance, March 31, 2024 142 $ 49.05 9,852 $ 48.17 Granted — — 6,136 48.00 Vested — — (4,177) 48.39 Forfeited — — (920) 47.88 Balance, December 31, 2024 142 $ 49.05 10,891 $ 48.02 RSUs outstanding as of December 31, 2024 were comprised of 9.8 million RSUs with only service conditions and 1.1 million RSUs with both service and performance or market-based conditions (“PSUs”). During the nine months ended December 31, 2024, the Company granted PSUs that contain financial performance conditions (the “Financial PSUs”) and PSUs based on relative total stockholder return performance (the “rTSR PSUs”). Both the Financial PSUs and rTSR PSUs are not earned if the applicable threshold percentage of the specific metric is not achieved. The maximum number of shares that may be earned is 200% of the target award. The PSUs are also subject to time-based vesting and are contingent upon the employee remaining employed by the Company or one of its subsidiaries through the applicable vesting date. The Financial PSUs generally vest 33% one year after the grant date and the remaining 67% vest ratably on a quarterly basis over the following two years. The number of shares that may be earned pursuant to the Financial PSUs is based on specific Company metrics related to the Company’s fiscal year ending March 31, 2025. The rTSR PSUs generally vest 33% annually after the grant date. The number of shares that may be earned pursuant to the rTSR PSUs is based on the Company’s stock price performance relative to companies that are the constituents of the Russell 3000 index over performance periods of one, two, and three fiscal years that began on April 1, 2024. As of December 31, 2024, the total unrecognized compensation expense related to unvested RSAs was $5.9 million and is to be recognized over a weighted average period of 2.1 years. As of December 31, 2024, the total unrecognized compensation expense related to unvested RSUs was $431.9 million and is expected to be recognized over a weighted average period of 2.1 years. Employee Stock Purchase Plan In July 2019, the Board adopted, and the Company’s stockholders approved, the 2019 Employee Stock Purchase Plan (“ESPP”). The Company offers, sells and issues shares of common stock under this ESPP from time to time based on various factors and conditions, although the Company is under no obligation to sell any shares under this ESPP. The ESPP provides for six-month offering periods and each offering period consists of six-month purchase periods. On each purchase date, eligible employees purchase shares of the Company’s common stock at a price per share equal to 85% of the lesser of (1) the fair market value of the Company’s common stock on the offering date or (2) the fair market value of the Company’s common stock on the purchase date. During the nine months ended December 31, 2024, 531,301 shares of common stock were purchased under the ESPP. As of December 31, 2024, 18,303,111 shares of common stock were available for future issuance under the ESPP.

Net Income Per Share

Net Income Per Share	9 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Net Income Per Share	Net Income Per Share The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Numerator: Net income $ 361,752 $ 42,691 $ 444,380 $ 116,688 Denominator: Weighted average shares outstanding, basic 298,646 294,869 298,049 293,295 Dilutive effect of share-based awards 4,821 4,377 4,766 5,040 Weighted average shares outstanding, diluted 303,467 299,246 302,815 298,335 Net income per share, basic $ 1.21 $ 0.14 $ 1.49 $ 0.40 Net income per share, diluted $ 1.19 $ 0.14 $ 1.47 $ 0.39 The effect of certain common share equivalents were excluded from the computation of weighted-average diluted shares outstanding for the three and nine months ended December 31, 2024 and 2023 as inclusion would have resulted in anti-dilution. A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Stock options 57 123 98 144 Unvested RSAs and RSUs 140 265 246 446 Shares committed under ESPP 4 10 4 12

Geographic Information

Geographic Information	9 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Geographic Information	Geographic Information Revenue Revenues by geography are based on legal jurisdiction. See Note 3, Revenue Recognition, for a disaggregation of revenue by geographic region. Long-lived assets, net The following table presents the Company’s net long-lived assets, which consists of property and equipment, net, and operating lease right-of-use asset, net, by geographic region for the periods presented (in thousands): December 31, 2024 March 31, 2024 North America $ 30,285 $ 35,339 Europe, Middle East and Africa 81,661 73,892 Asia Pacific 3,763 5,041 Latin America 383 443 Total long-lived assets, net $ 116,092 $ 114,715

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Pay vs Performance Disclosure
Net income (loss)	$ 361,752	$ 42,691	$ 444,380	$ 116,688

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended	9 Months Ended
	Dec. 31, 2024 shares	Dec. 31, 2024 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rick McConnell [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On November 15, 2024, Rick McConnell, Chief Executive Officer and a director, adopted a Rule 10b5-1 trading arrangement that contemplates the sale of up to 120,000 shares of the Company’s common stock previously issued to him after the vesting of RSUs and PSUs. The duration of the trading arrangement is from February 14, 2025 through November 28, 2025 (or earlier, if all transactions under the trading arrangement are completed).
Name	Rick McConnell
Title	Chief Executive Officer and a director
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 15, 2024
Expiration Date	November 28, 2025
Arrangement Duration	287 days
Aggregate Available	120,000	120,000
Dan Zugelder [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement		On December 6, 2024, Dan Zugelder, Executive Vice President, Chief Revenue Officer, adopted a Rule 10b5-1 trading arrangement that contemplates the sale of the net amount of shares of the Company’s common stock issuable to him after the vesting of 127,050 RSUs and PSUs (as applicable) on March 5, 2025, June 5, 2025, September 5, 2025 and December 5, 2025. The number of PSUs reflected in the total in the previous sentence is based on the Company achieving target performance relative to certain financial performance metrics. The number of shares that Mr. Zugelder receives and may subsequently sell under the trading arrangement following the vesting of his PSUs may increase or decrease based on the Company’s actual achievement against the financial performance metrics relative to target. The duration of the trading arrangement is from March 7, 2025 through January 15, 2026 (or earlier, if all transactions under the trading arrangement are completed).
Name	Dan Zugelder
Title	Executive Vice President, Chief Revenue Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	December 6, 2024
Expiration Date	January 15, 2026
Arrangement Duration	314 days
Aggregate Available	127,050	127,050

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	9 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Fiscal year	Fiscal year The Company’s fiscal year ends on March 31. References to fiscal 2025, for example, refer to the fiscal year ending March 31, 2025.
Basis of presentation and consolidation	Basis of presentation and consolidation
Unaudited interim consolidated financial information	Unaudited interim consolidated financial information The accompanying interim condensed consolidated balance sheet as of December 31, 2024 and the interim condensed consolidated statements of operations, statements of comprehensive income, and statements of shareholders’ equity for the three and nine months ended December 31, 2024 and 2023, statements of cash flows for the nine months ended December 31, 2024 and 2023, and the related disclosures are unaudited. In management’s opinion, the unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and include all normal and recurring adjustments necessary for the fair presentation of the Company’s financial position as of December 31, 2024, its results of operations for the three and nine months ended December 31, 2024 and 2023, and its cash flows for the nine months ended December 31, 2024 and 2023 are in accordance with U.S. GAAP. The results for the three and nine months ended December 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year or any other interim period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024 (the “Annual Report”).
Use of estimates	Use of estimates The preparation of unaudited condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported in the condensed consolidated financial statements and accompanying notes. Management evaluates such estimates and assumptions for continued reasonableness. In particular, the Company makes estimates with respect to the stand-alone selling price for each distinct performance obligation in customer contracts with multiple performance obligations, the allowance for credit losses, the fair value of assets acquired and liabilities assumed in business combinations, the valuation of long-lived assets, the valuation of intellectual property (“IP”), the period of benefit for deferred commissions and material rights, income taxes, equity-based compensation expense, and the determination of the incremental borrowing rate used for operating lease liabilities, among other things. Management bases these estimates on historical experiences and on various other assumptions that the Company believes are reasonable. Actual results could differ from those estimates.
Recently issued accounting pronouncements	Recently issued accounting pronouncements In November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280), Improvements to Reportable Segment Disclosures, which improves reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and application of all segment disclosure requirement to entities with a single reportable segment. ASU 2023-07 is effective for the Company’s annual periods beginning fiscal 2025 and interim periods beginning the first quarter of fiscal 2026. The Company is currently evaluating the impact ASU 2023-07 will have on its financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which expands disclosures in the income tax rate reconciliation table and disaggregates the income taxes paid by jurisdiction. ASU 2023-09 will be effective for annual periods beginning after December 15, 2024, which will be the Company’s fiscal 2026. The Company is currently evaluating the impact ASU 2023-09 will have on its financial statement disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires the disclosure of more detailed information on commonly presented expenses. ASU 2024-03 will be effective for the Company’s annual periods beginning fiscal 2028 and interim periods beginning the first quarter of fiscal 2029. The Company is currently evaluating the impact ASU 2024-03 will have on its financial statement disclosures.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table is a summary of the Company’s total revenue by geographic region (in thousands, except percentages): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Amount % Amount % Amount % Amount % North America $ 265,706 61 % $ 217,661 60 % $ 759,400 61 % $ 625,166 60 % Europe, Middle East and Africa 106,766 24 % 89,816 25 % 306,892 24 % 260,729 25 % Asia Pacific 38,084 9 % 33,943 9 % 112,012 9 % 94,940 9 % Latin America 25,613 6 % 23,676 6 % 75,214 6 % 68,847 6 % Total revenue $ 436,169 $ 365,096 $ 1,253,518 $ 1,049,682

Investments and Fair Value Me_2

Investments and Fair Value Measurements (Tables)	9 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Debt Securities, Available-for-Sale	The following table summarizes the amortized cost, unrealized gains and losses, and fair value of the Company’s available-for-sale investments, including those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets (in thousands): December 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. treasury securities $ 110,980 $ 198 $ (44) $ 111,134 Corporate debt securities 19,273 50 (33) $ 19,290 Commercial paper 6,164 4 (21) 6,147 U.S. government agency securities 12,098 1 (18) 12,081 Total $ 148,515 $ 253 $ (116) $ 148,652 March 31, 2024 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value U.S. treasury securities $ 149,978 $ — $ (229) $ 149,749
Investments Classified by Contractual Maturity Date	The fair values of available-for-sale investments, excluding those securities classified within “Cash and cash equivalents” in the condensed consolidated balance sheets, by remaining contractual maturity are as follows (in thousands): December 31, 2024 March 31, 2024 Due within one year $ 100,225 $ 57,891 Due in one year through five years 45,781 46,248 Total $ 146,006 $ 104,139
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following tables present the Company’s financial assets that have been measured at fair value on a recurring basis as of December 31, 2024 and March 31, 2024, and indicate the fair value hierarchy of the valuation inputs utilized to determine such fair value (in thousands): December 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 616,004 $ — $ — $ 616,004 U.S. treasury securities — 1,158 — 1,158 Commercial paper — 1,488 — 1,488 Investments: Mutual funds 479 — — 479 U.S. treasury securities — 109,976 — 109,976 Corporate debt securities — 19,290 — 19,290 Commercial paper — 4,659 — 4,659 U.S. agency securities — 12,081 — 12,081 Total financial assets $ 616,483 $ 148,652 $ — $ 765,135 March 31, 2024 Level 1 Level 2 Level 3 Total Cash equivalents: Money market funds $ 477,102 $ — $ — $ 477,102 U.S. treasury securities — 45,610 — 45,610 Investments: Mutual funds 102 — — 102 U.S. treasury securities — 104,139 — 104,139 Total financial assets $ 477,204 $ 149,749 $ — $ 626,953

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	9 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Carrying Amount of Goodwill	Changes in the carrying amount of goodwill for the nine months ended December 31, 2024 consists of the following (in thousands): December 31, 2024 Balance, beginning of period $ 1,335,494 Foreign currency impact (108) Balance, end of period $ 1,335,386
Schedule of Other Intangible Assets, Net, Excluding Goodwill	Intangible assets, net, excluding goodwill, consists of the following (in thousands): Weighted December 31, 2024 March 31, 2024 Capitalized software 103 $ 218,491 $ 218,529 Customer relationships 120 351,743 351,756 Trademarks and tradenames 120 55,003 55,003 Total intangible assets 625,237 625,288 Less: accumulated amortization (601,886) (574,293) Total other intangible assets, net $ 23,351 $ 50,995

Leases (Tables)

Leases (Tables)	9 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Lease on Condensed Consolidated Statements of Operations and Supplemental Cash Flow Information	The following table presents information about leases on the condensed consolidated statements of operations (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Operating lease expense $ 3,597 $ 3,911 $ 11,729 $ 11,511 Short-term lease expense $ 644 $ 505 $ 1,893 $ 1,550 Variable lease expense $ 355 $ 410 $ 1,243 $ 1,103 The following table presents supplemental cash flow information about the Company’s leases (in thousands): Nine Months Ended December 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities $ 15,119 $ 13,935 Operating lease assets obtained in exchange for new operating lease liabilities (1) $ 18,696 $ 9,973 _________________ (1) Includes the impact of new leases as well as remeasurements and modifications of existing leases.
Schedule of Maturities of Lease Liabilities	As of December 31, 2024, remaining maturities of lease liabilities were as follows (in thousands): Fiscal Years Ending March 31, Amount 2025 $ 4,604 2026 15,826 2027 14,570 2028 11,341 2029 10,352 Thereafter 28,576 Total operating lease payments 85,269 Less: imputed interest (10,058) Total operating lease liabilities $ 75,211

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-Based Compensation Expense	The following table summarizes the components of total share-based compensation expense included in the condensed consolidated financial statements for each period presented (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Cost of revenue $ 9,821 $ 6,975 $ 27,265 $ 19,660 Research and development 26,582 18,678 74,769 50,119 Sales and marketing 20,709 15,947 57,481 48,823 General and administrative 15,027 13,222 41,984 34,696 Total share-based compensation $ 72,139 $ 54,822 $ 201,499 $ 153,298
Schedule of Activity for Stock Options	The following table summarizes activity for stock options during the nine months ended December 31, 2024: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term Aggregate Intrinsic Value (in thousands) (per share) (years) (in thousands) Balance, March 31, 2024 3,063 $ 22.56 5.6 $ 73,903 Exercised (660) 22.59 Forfeited or expired (49) 42.10 Balance, December 31, 2024 2,354 $ 22.14 4.7 $ 75,839 Options vested and expected to vest at December 31, 2024 2,354 $ 22.14 4.7 $ 75,839 Options vested and exercisable at December 31, 2024 2,345 $ 22.03 4.7 $ 75,809
Schedule of Restricted Stock Awards (RSA) and Restricted Stock Units (RSU)	The following table provides a summary of the changes in the number of RSAs and restricted stock units (“RSUs”) for the nine months ended December 31, 2024: Number of Weighted Average Grant Date Fair Value Number of RSUs Weighted Average Grant Date Fair Value (in thousands) (per share) (in thousands) (per share) Balance, March 31, 2024 142 $ 49.05 9,852 $ 48.17 Granted — — 6,136 48.00 Vested — — (4,177) 48.39 Forfeited — — (920) 47.88 Balance, December 31, 2024 142 $ 49.05 10,891 $ 48.02

Net Income Per Share (Tables)

Net Income Per Share (Tables)	9 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share	The following table sets forth the computation of basic and diluted net income per share (in thousands, except per share data): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Numerator: Net income $ 361,752 $ 42,691 $ 444,380 $ 116,688 Denominator: Weighted average shares outstanding, basic 298,646 294,869 298,049 293,295 Dilutive effect of share-based awards 4,821 4,377 4,766 5,040 Weighted average shares outstanding, diluted 303,467 299,246 302,815 298,335 Net income per share, basic $ 1.21 $ 0.14 $ 1.49 $ 0.40 Net income per share, diluted $ 1.19 $ 0.14 $ 1.47 $ 0.39
Schedule of Weighted-Average Anti-dilutive Common Share	A summary of these weighted-average anti-dilutive common share equivalents is provided in the table below (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2024 2023 2024 2023 Stock options 57 123 98 144 Unvested RSAs and RSUs 140 265 246 446 Shares committed under ESPP 4 10 4 12

Geographic Information (Tables)

Geographic Information (Tables)	9 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Schedule of Long-lived Assets by Geographical Region	The following table presents the Company’s net long-lived assets, which consists of property and equipment, net, and operating lease right-of-use asset, net, by geographic region for the periods presented (in thousands): December 31, 2024 March 31, 2024 North America $ 30,285 $ 35,339 Europe, Middle East and Africa 81,661 73,892 Asia Pacific 3,763 5,041 Latin America 383 443 Total long-lived assets, net $ 116,092 $ 114,715

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Amount	$ 436,169	$ 365,096	$ 1,253,518	$ 1,049,682
North America
Disaggregation of Revenue [Line Items]
Amount	$ 265,706	$ 217,661	$ 759,400	$ 625,166
North America | Revenue Benchmark | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	61%	60%	61%	60%
Europe, Middle East and Africa
Disaggregation of Revenue [Line Items]
Amount	$ 106,766	$ 89,816	$ 306,892	$ 260,729
Europe, Middle East and Africa | Revenue Benchmark | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	24%	25%	24%	25%
Asia Pacific
Disaggregation of Revenue [Line Items]
Amount	$ 38,084	$ 33,943	$ 112,012	$ 94,940
Asia Pacific | Revenue Benchmark | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	9%	9%	9%	9%
Latin America
Disaggregation of Revenue [Line Items]
Amount	$ 25,613	$ 23,676	$ 75,214	$ 68,847
Latin America | Revenue Benchmark | Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Concentration risk percentage	6%	6%	6%	6%

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Disaggregation of Revenue [Line Items]
Total revenue	$ 436,169	$ 365,096	$ 1,253,518	$ 1,049,682
Revenue recognized	347,400	311,500	880,400	712,300
Remaining performance obligation, amount	2,500,100		2,500,100
Contract assets	$ 7,800		$ 7,800		$ 5,200
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, percentage	54%		54%
Remaining performance obligation, expected timing of satisfaction, period	12 months		12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Disaggregation of Revenue [Line Items]
Remaining performance obligation, expected timing of satisfaction, period
Billed consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation, amount	$ 867,800		$ 867,800
Unbilled consideration
Disaggregation of Revenue [Line Items]
Remaining performance obligation, amount	1,632,300		1,632,300
Revenue Benchmark | Geographic Concentration Risk | UNITED STATES
Disaggregation of Revenue [Line Items]
Total revenue	$ 256,000	$ 206,100	$ 724,100	$ 591,900
Concentration risk percentage	59%	56%	58%	56%

Business Combinations (Details)

Business Combinations (Details) $ in Thousands			1 Months Ended	3 Months Ended		9 Months Ended
	Mar. 01, 2024 USD ($) reporting_unit	Aug. 31, 2023 USD ($) reporting_unit	Jun. 30, 2024 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2024 USD ($)
Business Acquisition [Line Items]
Goodwill acquired				$ 1,335,386		$ 1,335,386		$ 1,335,494
Total share-based compensation				$ 72,139	$ 54,822	$ 201,499	$ 153,298
Customer relationships
Business Acquisition [Line Items]
Estimated useful life of intangible assets acquired				120 months		120 months
Rookout
Business Acquisition [Line Items]
Equity interest acquired		100%
Purchase consideration paid from cash on hand		$ 33,400
Net assets acquired		6,000
Intangible assets acquired		7,800
Goodwill acquired		$ 27,400
Number of reporting units | reporting_unit		1
Rookout | Developed Technology
Business Acquisition [Line Items]
Intangible assets acquired		$ 7,800
Estimated useful life of intangible assets acquired		7 years
Runecast
Business Acquisition [Line Items]
Equity interest acquired	100%
Purchase consideration paid from cash on hand	$ 26,100
Net assets acquired	3,200
Intangible assets acquired	7,500
Goodwill acquired	$ 25,200
Number of reporting units | reporting_unit	1
Deferred cash payments to acquire businesses	$ 2,300
Payable period for indemnification obligations and post-lose purchase price adjustments	15 months
Post-closing purchase price adjustment			$ 100
Runecast | RSAs
Business Acquisition [Line Items]
Equity issued to previous owners	$ 9,000
Total share-based compensation				$ 900		$ 2,800
Runecast | Developed Technology
Business Acquisition [Line Items]
Intangible assets acquired	$ 7,300
Estimated useful life of intangible assets acquired	7 years
Runecast | Customer relationships
Business Acquisition [Line Items]
Intangible assets acquired	$ 200
Estimated useful life of intangible assets acquired	4 years

Investments and Fair Value Me_3

Investments and Fair Value Measurements - Schedule of Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 148,515
Gross Unrealized Gains	253
Gross Unrealized Losses	(116)
Fair Value	148,652
U.S. treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	110,980	$ 149,978
Gross Unrealized Gains	198	0
Gross Unrealized Losses	(44)	(229)
Fair Value	111,134	$ 149,749
Corporate debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	19,273
Gross Unrealized Gains	50
Gross Unrealized Losses	(33)
Fair Value	19,290
Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	6,164
Gross Unrealized Gains	4
Gross Unrealized Losses	(21)
Fair Value	6,147
U.S. government agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	12,098
Gross Unrealized Gains	1
Gross Unrealized Losses	(18)
Fair Value	$ 12,081

Investments and Fair Value Me_4

Investments and Fair Value Measurements - Schedule of Debt Securities, Available-for-Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Due within one year	$ 100,225	$ 57,891
Due in one year through five years	45,781	46,248
Total	$ 146,006	$ 104,139

Investments and Fair Value Me_5

Investments and Fair Value Measurements- Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Debt Securities, Available-for-sale [Line Items]
Investments held and classified as restricted trading securities	$ 146,006		$ 146,006		$ 104,139
Interest income from cash, cash equivalents, and investments	12,000	$ 10,800	38,200	$ 27,300
Mutual funds
Debt Securities, Available-for-sale [Line Items]
Investments held and classified as restricted trading securities	$ 479		$ 479		$ 102

Investments and Fair Value Me_6

Investments and Fair Value Measurements - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Assets, Fair Value Disclosure [Abstract]
Investments:	$ 146,006	$ 104,139
Total financial assets	765,135	626,953
Mutual funds
Assets, Fair Value Disclosure [Abstract]
Investments:	479	102
U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Investments:	109,976	104,139
Corporate debt securities
Assets, Fair Value Disclosure [Abstract]
Investments:	19,290
Commercial paper
Assets, Fair Value Disclosure [Abstract]
Investments:	4,659
U.S. agency securities
Assets, Fair Value Disclosure [Abstract]
Investments:	12,081
Money market funds
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	616,004	477,102
U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	1,158	45,610
Commercial paper
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	1,488
Level 1
Assets, Fair Value Disclosure [Abstract]
Total financial assets	616,483	477,204
Level 1 | Mutual funds
Assets, Fair Value Disclosure [Abstract]
Investments:	479	102
Level 1 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Investments:	0	0
Level 1 | Corporate debt securities
Assets, Fair Value Disclosure [Abstract]
Investments:	0
Level 1 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Investments:	0
Level 1 | U.S. agency securities
Assets, Fair Value Disclosure [Abstract]
Investments:	0
Level 1 | Money market funds
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	616,004	477,102
Level 1 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	0	0
Level 1 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	0
Level 2
Assets, Fair Value Disclosure [Abstract]
Total financial assets	148,652	149,749
Level 2 | Mutual funds
Assets, Fair Value Disclosure [Abstract]
Investments:	0	0
Level 2 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Investments:	109,976	104,139
Level 2 | Corporate debt securities
Assets, Fair Value Disclosure [Abstract]
Investments:	19,290
Level 2 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Investments:	4,659
Level 2 | U.S. agency securities
Assets, Fair Value Disclosure [Abstract]
Investments:	12,081
Level 2 | Money market funds
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	0	0
Level 2 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	1,158	45,610
Level 2 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	1,488
Level 3
Assets, Fair Value Disclosure [Abstract]
Total financial assets	0	0
Level 3 | Mutual funds
Assets, Fair Value Disclosure [Abstract]
Investments:	0	0
Level 3 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Investments:	0	0
Level 3 | Corporate debt securities
Assets, Fair Value Disclosure [Abstract]
Investments:	0
Level 3 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Investments:	0
Level 3 | U.S. agency securities
Assets, Fair Value Disclosure [Abstract]
Investments:	0
Level 3 | Money market funds
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	0	0
Level 3 | U.S. treasury securities
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	0	$ 0
Level 3 | Commercial paper
Assets, Fair Value Disclosure [Abstract]
Cash equivalents:	$ 0

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Schedule of Carrying Amount of Goodwill (Details) $ in Thousands	9 Months Ended
	Dec. 31, 2024 USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,335,494
Foreign currency impact	(108)
Balance, end of period	$ 1,335,386

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Schedule of Other Intangible Assets, Net, Excluding Goodwill (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Total intangible assets	$ 625,237	$ 625,288
Less: accumulated amortization	(601,886)	(574,293)
Total other intangible assets, net	$ 23,351	50,995
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Weighted Average  Useful Life (in months)	103 months
Total intangible assets	$ 218,491	218,529
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Weighted Average  Useful Life (in months)	120 months
Total intangible assets	$ 351,743	351,756
Trademarks and tradenames
Finite-Lived Intangible Assets [Line Items]
Weighted Average  Useful Life (in months)	120 months
Total intangible assets	$ 55,003	$ 55,003

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of other intangibles	$ 8.2	$ 9.9	$ 27.6	$ 29.1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Effective tax rate	(533.30%)	(0.60%)	(164.90%)	6.50%
Deferred tax asset on discrete tax benefit	$ 320.9		$ 320.9

Long-term Debt (Details)

Long-term Debt (Details) - USD ($)		3 Months Ended		9 Months Ended
	Dec. 02, 2022	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Mar. 31, 2024
Line of Credit Facility [Line Items]
Interest expense, including amortization of debt issuance costs and original issuance discount		$ 300,000	$ 200,000	$ 800,000	$ 1,000,000
Line of Credit | Revolving Credit Facility | Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 400,000,000
Long-term line of credit		0		0		$ 0
Available borrowing capacity		399,200,000		399,200,000		399,200,000
Basis spread on variable interest rate	0.10%
Fronting fee percentage	0.125%
Debt issuance costs, gross	$ 1,900,000
Debt issuance costs		1,100,000		1,100,000		1,400,000
Line of Credit | Revolving Credit Facility | Credit Agreement | Minimum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.175%
Line of Credit | Revolving Credit Facility | Credit Agreement | Maximum
Line of Credit Facility [Line Items]
Commitment fee percentage	0.35%
Line of Credit | Bridge Loan | Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 30,000,000
Line of Credit | Letter of Credit | Credit Agreement
Line of Credit Facility [Line Items]
Debt instrument, face amount	45,000,000
Letters of credit issued		$ 800,000		$ 800,000		$ 800,000
Line of Credit | Foreign Line of Credit | Credit Agreement
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 100,000,000

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	Dec. 31, 2024 USD ($)
Lessee, Lease, Description [Line Items]
Weighted average remaining lease term	6 years 3 months 18 days
Weighted average discount rate	4.20%
Commitments on operating leases that have not yet commenced	$ 93.9
Minimum
Lessee, Lease, Description [Line Items]
Lease terms for operating lease that have not yet commenced	8 years
Maximum
Lessee, Lease, Description [Line Items]
Lease terms for operating lease that have not yet commenced	10 years

Leases - Schedule of Lease on C

Leases - Schedule of Lease on Condensed Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease expense	$ 3,597	$ 3,911	$ 11,729	$ 11,511
Short-term lease expense	644	505	1,893	1,550
Variable lease expense	$ 355	$ 410	$ 1,243	$ 1,103

Leases - Schedule of Supplement

Leases - Schedule of Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	$ 15,119	$ 13,935
Operating lease assets obtained in exchange for new operating lease liabilities	$ 18,696	$ 9,973

Leases - Schedule of Maturities

Leases - Schedule of Maturities of Lease Liabilities (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Leases [Abstract]
2025	$ 4,604
2026	15,826
2027	14,570
2028	11,341
2029	10,352
Thereafter	28,576
Total operating lease payments	85,269
Less: imputed interest	(10,058)
Total operating lease liabilities	$ 75,211

Shareholder's Equity (Details)

Shareholder's Equity (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended	9 Months Ended
	Dec. 31, 2024	Dec. 31, 2024	May 31, 2024
Equity [Abstract]
Amount of common stock authorized under share repurchase program			$ 500
Shares of common stock repurchased and retired (in shares)	0.7	2.7
Value of common stock shares repurchased and retired	$ 40	$ 130.1
Value common stock shares remaining shares available for future repurchases	$ 369.9	$ 369.9

Share-based Compensation - Sche

Share-based Compensation - Schedule of Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	$ 72,139	$ 54,822	$ 201,499	$ 153,298
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	9,821	6,975	27,265	19,660
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	26,582	18,678	74,769	50,119
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	20,709	15,947	57,481	48,823
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total share-based compensation	$ 15,027	$ 13,222	$ 41,984	$ 34,696

Share-based Compensation - Narr

Share-based Compensation - Narrative (Details) $ in Millions	1 Months Ended	9 Months Ended
	Jul. 31, 2019 shares	Dec. 31, 2024 USD ($) shares	Mar. 31, 2024 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense related to non-vested stock options | $		$ 0.1
Maximum percentage of shares issued based on performance target award		2
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition		3 months 18 days
Service Condition RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs outstanding (in shares)		9,800,000
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs outstanding (in shares)		1,100,000
Financial PSUs | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33%
Award vesting period		1 year
Financial PSUs | Share-based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		67%
Award vesting period		2 years
rTSR PSUs | Share-based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		33%
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition		2 years 1 month 6 days
RSUs outstanding (in shares)		142,000	142,000
Total unrecognized compensation expense related to unvested awards/units | $		$ 5.9
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of recognition		2 years 1 month 6 days
RSUs outstanding (in shares)		10,891,000	9,852,000
Total unrecognized compensation expense related to unvested awards/units | $		$ 431.9
Shares committed under ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP offering period	6 months
Purchase period	6 months
Shares committed under ESPP | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
ESPP, maximum percentage of the common stock available for purchase	85%
2019 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)	52,000,000	56,830,546
Annual increase in shares reserved for future issuance based off of shares outstanding	4%
ESPP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total unrecognized compensation expense related to unvested awards/units | $		$ 3.1
ESPP | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for future issuance (in shares)		18,303,111
Issuance of common stock related to employee stock purchase plan (in shares)		531,301

Share-based Compensation - Sc_2

Share-based Compensation - Schedule of Activity (Details) $ / shares in Units, shares in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Dec. 31, 2024 USD ($) $ / shares shares	Mar. 31, 2024 USD ($) $ / shares shares
Number of Options
Beginning balance (in shares) | shares	3,063
Exercised (in shares) | shares	(660)
Forfeited or expired (in shares) | shares	(49)
Ending balance (in shares) | shares	2,354	3,063
Options vested and expected to vest (in shares) | shares	2,354
Options vested and exercisable (in shares) | shares	2,345
Weighted Average Exercise Price
Beginning balance (in dollars per share) | $ / shares	$ 22.56
Exercised (in dollars per share) | $ / shares	22.59
Forfeited or expired (in dollars per share) | $ / shares	42.10
Ending valance (in dollars per share) | $ / shares	22.14	$ 22.56
Weighted average exercise price, options vested and expected to vest (in dollars per share) | $ / shares	22.14
Weighted average exercise price, options vested and exercisable (in dollars per share) | $ / shares	$ 22.03
Weighted Average Remaining Contractual Term
Weighted average remaining contractual term, options outstanding	4 years 8 months 12 days	5 years 7 months 6 days
Weighted average remaining contractual term, options vested and expected to vest	4 years 8 months 12 days
Weighted average remaining contractual term, options vested and exercisable	4 years 8 months 12 days
Aggregate Intrinsic Value
Aggregate intrinsic value, options outstanding | $	$ 75,839	$ 73,903
Aggregate intrinsic value, options vested and expected to vest | $	75,839
Aggregate intrinsic value, options vested and exercisable | $	$ 75,809
Restricted Stock
Number of Restricted Shares
Beginning balance (in shares) | shares	142
Granted (in shares) | shares	0
Vested (in shares) | shares	0
Forfeited (in shares) | shares	0
Ending balance (in shares) | shares	142	142
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 49.05
Granted (in dollars per share) | $ / shares	0
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	0
Ending balance (in dollars per share) | $ / shares	$ 49.05	$ 49.05
Restricted Stock Units (RSUs)
Number of Restricted Shares
Beginning balance (in shares) | shares	9,852
Granted (in shares) | shares	6,136
Vested (in shares) | shares	(4,177)
Forfeited (in shares) | shares	(920)
Ending balance (in shares) | shares	10,891	9,852
Weighted Average Grant Date Fair Value
Beginning balance (in dollars per share) | $ / shares	$ 48.17
Granted (in dollars per share) | $ / shares	48
Vested (in dollars per share) | $ / shares	48.39
Forfeited (in dollars per share) | $ / shares	47.88
Ending balance (in dollars per share) | $ / shares	$ 48.02	$ 48.17

Net Income Per Share - Schedule

Net Income Per Share - Schedule of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Numerator:
Net Income (Loss) Attributable to Parent	$ 361,752	$ 42,691	$ 444,380	$ 116,688
Denominator:
Weighted average shares outstanding, basic (in shares)	298,646	294,869	298,049	293,295
Dilutive effect of share-based awards (in shares)	4,821	4,377	4,766	5,040
Weighted average shares outstanding, diluted (in shares)	303,467	299,246	302,815	298,335
Net income per share, basic (in dollars per share)	$ 1.21	$ 0.14	$ 1.49	$ 0.40
Net income per share, diluted (in dollars per share)	$ 1.19	$ 0.14	$ 1.47	$ 0.39

Net Income Per Share - Schedu_2

Net Income Per Share - Schedule of Weighted-Average Anti-dilutive Common Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	57	123	98	144
Unvested RSAs and RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	140	265	246	446
Shares committed under ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive common share equivalents (in shares)	4	10	4	12

Geographic Information (Details

Geographic Information (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	$ 116,092	$ 114,715
North America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	30,285	35,339
Europe, Middle East and Africa
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	81,661	73,892
Asia Pacific
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	3,763	5,041
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Total long-lived assets, net	$ 383	$ 443