Leases

12 Months Ended

Mar. 31, 2026

The components of lease expense were as follows (in thousands):


	Year Ended March 31,
	2026		2025		2024
Operating lease expense	$	10,868	$	11,631	$	10,934
Variable lease expense	$	3,912	$	3,932	$	3,690

The supplemental cash flow information related to leases was as follows (in thousands):


	Year Ended March 31,
	2026		2025		2024
Cash outflows from operating leases	$	13,680	$	14,590	$	14,634
Right-of-use assets obtained in exchange for operating lease obligations	$	—	$	1,954	$	2,311

Short-term lease expense was immaterial during the years ended March 31, 2026, 2025, and 2024, respectively.

The following table presents supplemental lease information:


	March 31, 2026	March 31, 2025
Weighted average remaining lease term	4.5 years	5.4 years
Weighted average discount rate	4.6%	4.7%

The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of March 31, 2026:


2027	$	12,253
2028	11,509
2029	11,397
2030	11,408
2031	7,940

Total lease payments	54,507
Less: imputed interest	(5,050)
Present value of lease liabilities	$	49,457
Operating lease liabilities	10,357
Operating lease liabilities, non-current	$	39,100

The Company continues to evaluate its leases for potential impairments, noting no impairments during the years ended March 31, 2026 and 2025, respectively.

8X8 INC /DE/ 10-K