Property and equipment, including software, consisted of the following:
March 31,
20262025
Computer equipment
$8,478 $7,933 
Developed software147,399 115,816 
Furniture and fixtures1,378 1,442 
Leasehold improvements3,668 3,648 
160,923 128,839 
Accumulated depreciation(111,812)(81,873)
Property and equipment, net$49,111 $46,966 
Depreciation and amortization expense for the years ended March 31, 2026, 2025, and 2024 were as follows:
Year Ended March 31,
202620252024
Other direct costs of revenue(1)
$— $209 $4,045 
Product development35
General and administrative expenses
29,82827,08915,459
Depreciation and amortization expense
$29,863 $27,298 $19,504 
______________
(1)     Amounts represent amortization of internally developed software to be sold, leased, or otherwise marketed.

Historical Timeline

Fiscal YearFiled
2026May 26, 2026Showing above
2025Jun 16, 2025
2024May 28, 2024
2023May 25, 2023
2022Jun 6, 2022
2021Jun 10, 2021
2020Jun 2, 2020
2019Jun 3, 2019
2018Jun 12, 2018
2017Jun 14, 2017
2016Jun 14, 2016

About PP&E Disclosures

The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.

Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.