Quarterly report [Sections 13 or 15(d)]

Revenue

v3.25.3
Revenue
 6 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
We disaggregate our revenue from contracts with customers by geographic location as well as revenue recognized at a point-in-time and revenues recognized over time, as we believe these best depict the nature of our sales and the regions in which those sales are earned and managed.
Revenue recognized at a point-in-time occurs based on when control transfers to the customer and is generally related to our product sales. Revenue recognized over time occurs on our projects where engineering, manufactured materials, or installation services, or a combination of the three, are required. We recognize revenue related to such projects in a systematic way that reflects the transfer of goods or services, or a combination thereof, to the customer.
Disaggregation of revenues from contracts with customers for the three and six months ended September 30, 2025 and 2024 are as follows:
Three months ended September 30, 2025 Three months ended September 30, 2024
Revenues recognized at point in time Revenues recognized over time Total Revenues recognized at point in time Revenues recognized over time Total
United States and Latin America $ 45,394  $ 18,395  $ 63,789  $ 44,606  $ 14,258  $ 58,864 
Canada 29,461  10,936  40,397  26,433  10,438  36,871 
Europe, Middle East and Africa 12,834  5,224  18,058  4,954  4,074  9,028 
Asia-Pacific 5,795  3,684  9,479  6,286  3,599  9,885 
Total revenues $ 93,484  $ 38,239  $ 131,723  $ 82,279  $ 32,369  $ 114,648 
Six months ended September 30, 2025 Six months ended September 30, 2024
Revenues recognized at point in time Revenues recognized over time Total Revenues recognized at point in time Revenues recognized over time Total
United States and Latin America $ 83,187  $ 30,647  $ 113,834  $ 89,014  $ 29,834  $ 118,848 
Canada 52,849  22,702  75,551  48,041  27,175  75,216 
Europe, Middle East and Africa 25,567  9,576  35,143  9,567  7,303  16,870 
Asia-Pacific 10,178  5,915  16,093  12,423  6,417  18,840 
Total revenues $ 171,781  $ 68,840  $ 240,621  $ 159,045  $ 70,729  $ 229,774 
Performance Obligations
    We have elected the practical expedient to disclose only the value of performance obligations for contracts with an original expected length of one year or more, which was $30,111 as of September 30, 2025. We expect to recognize the remaining revenues associated with unsatisfied or partially satisfied performance obligations within the next 12 months.
Contract Assets and Liabilities
    As of September 30, 2025 and March 31, 2025, contract assets were $25,212 and $19,188, respectively. As of September 30, 2025 and March 31, 2025, contract liabilities were $16,857 and $19,604, respectively. We typically recognize revenue associated with our contract liabilities within 12 months.