Quarterly report [Sections 13 or 15(d)]

Revenue

v3.25.4
Revenue
 9 Months Ended
Dec. 31, 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 nine months ended December 31, 2025 and 2024 are as follows:
Three months ended December 31, 2025 Three months ended December 31, 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 $ 56,094  $ 17,509  $ 73,603  $ 51,108  $ 16,064  $ 67,172 
Canada 29,226  14,924  44,150  33,506  10,030  43,536 
Europe, Middle East and Africa 11,479  7,379  18,858  8,736  5,078  13,814 
Asia-Pacific 5,511  5,188  10,699  6,212  3,619  9,831 
Total revenues $ 102,310  $ 45,000  $ 147,310  $ 99,562  $ 34,791  $ 134,353 
Nine months ended December 31, 2025 Nine months ended December 31, 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 $ 139,281  $ 48,156  $ 187,437  $ 140,122  $ 45,898  $ 186,020 
Canada 82,075  37,626  119,701  81,547  37,205  118,752 
Europe, Middle East and Africa 37,046  16,955  54,001  18,303  12,381  30,684 
Asia-Pacific 15,689  11,103  26,792  18,635  10,036  28,671 
Total revenues $ 274,091  $ 113,840  $ 387,931  $ 258,607  $ 105,520  $ 364,127 
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 $32,781 as of December 31, 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 December 31, 2025 and March 31, 2025, contract assets were $25,101 and $19,188, respectively. As of December 31, 2025 and March 31, 2025, contract liabilities were $19,243 and $19,604, respectively. We typically recognize revenue associated with our contract liabilities within 12 months.