v3.25.4

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2025	Mar. 31, 2025
Current assets:
Cash and cash equivalents	$ 86,882	$ 88,050
Restricted cash	1,318	462
Accounts receivable, net	54,740	49,680
Deferred contract acquisition costs	26,131	30,935
Other current assets	34,809	34,739
Total current assets	203,880	203,866
Property and equipment, net	46,939	47,919
Operating lease, right-of-use assets	29,634	33,508
Intangible assets, net	57,386	67,949
Goodwill	274,004	271,530
Restricted cash, non-current	0	812
Deferred contract acquisition costs, non-current	37,009	44,239
Other assets, non-current	12,670	13,354
Total assets	661,522	683,177
Current liabilities:
Accounts payable	36,004	45,773
Accrued and other liabilities	69,850	63,025
Operating lease liabilities	10,574	11,102
Deferred revenue	36,813	37,751
Term loan, current	26,700	11,593
Total current liabilities	179,941	169,244
Operating lease liabilities, non-current	41,850	49,196
Deferred revenue, non-current	333	706
Convertible senior notes, non-current	199,598	198,790
Term loan	94,872	139,581
Other liabilities, non-current	2,070	3,456
Total liabilities	518,664	560,973
Commitments and contingencies (Note 7)
Stockholders' equity:
Preferred stock: $0.001 par value, 5,000 shares authorized, none issued and outstanding as of December 31, 2025 and March 31, 2025	0	0
Common stock: $0.001 par value, 300,000 shares authorized, 139,293 shares and 134,355 shares issued and outstanding as of December 31, 2025 and March 31, 2025, respectively	139	134
Additional paid-in capital	1,032,876	1,018,902
Accumulated other comprehensive loss	(3,978)	(9,111)
Accumulated deficit	(886,179)	(887,721)
Total stockholders' equity	142,858	122,204
Total liabilities and stockholders' equity	$ 661,522	$ 683,177

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

8X8 INC /DE/ 10-Q