Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2025	Mar. 31, 2025	Sep. 30, 2024
Current assets
Cash and cash equivalents	$ 99,237	$ 78,254	$ 123,486
Restricted cash	7,211	7,290	7,446
Trade receivables, net	195,364	189,239	226,376
Other receivables	18,878	15,040	11,125
Inventories, net	1,135,183	761,951	974,570
Advances to tobacco suppliers, net	86,559	30,745	77,999
Recoverable income taxes	13,058	6,616	2,988
Prepaid expenses	51,577	47,151	43,095
Other current assets	19,788	21,874	18,988
Total current assets	1,626,855	1,158,160	1,486,073
Investments in unconsolidated affiliates	96,256	96,928	104,403
Intangible assets, net	26,274	28,507	31,587
Deferred income taxes, net	12,341	13,567	7,121
Long-term recoverable income taxes	5,118	5,669	4,008
Other noncurrent assets	41,552	33,094	34,916
Right-of-use assets	29,573	29,742	32,420
Property, plant, and equipment, net	139,015	138,176	136,146
Total assets	1,976,984	1,503,843	1,836,674
Current liabilities
Notes payable	908,037	395,030	744,779
Accounts payable	134,157	132,871	152,594
Advances from customers	82,346	135,607	75,796
Accrued expenses and other current liabilities	109,242	90,912	103,393
Income taxes payable	12,425	11,001	13,589
Operating leases payable	9,136	8,514	8,279
Current portion of long-term debt	0	12	89
Total current liabilities	1,255,343	773,947	1,098,519
Long-term taxes payable	5,823	5,187	2,573
Long-term debt	455,311	454,850	489,470
Deferred income taxes	8,128	8,818	6,303
Liability for unrecognized tax benefits	24,546	18,635	12,510
Long-term leases	18,302	19,584	21,617
Pension, postretirement, and other long-term liabilities	57,565	57,052	54,923
Total liabilities	1,825,018	1,338,073	1,685,915
Commitments and contingencies
Common Stock
Common Stock—no par value: Authorized shares (250,000 for all periods) Issued and outstanding shares (24,608 for all periods)	393,392	392,899	392,421
Retained deficit	(256,829)	(240,125)	(253,876)
Accumulated other comprehensive income	9,318	7,315	7,636
Total stockholders’ equity of Pyxus International, Inc.	145,881	160,089	146,181
Noncontrolling interests	6,085	5,681	4,578
Total stockholders’ equity	151,966	165,770	150,759
Total liabilities and stockholders’ equity	$ 1,976,984	$ 1,503,843	$ 1,836,674

PYXUS INTERNATIONAL, INC. 10-Q