LEASES

3 Months Ended

Jun. 30, 2025

Leases

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

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


	Three Months Ended June 30,
	2025		2024
Cash outflows from operating leases	$	3,502	$	3,742
Right-of-use assets obtained in exchange for operating lease obligations	$	—	$	1,954

Short-term lease expense was immaterial during the three months ended June 30, 2025 and 2024, respectively.

The following table presents supplemental lease information:


	June 30, 2025	March 31, 2025
Weighted average remaining lease term	5.2 years	5.4 years
Weighted average discount rate	4.7%	4.7%

The following table presents maturity of lease liabilities under the Company's non-cancellable operating leases as of June 30, 2025 (in thousands):


Remainder of fiscal year 2026	$	10,221
2027	12,328
2028	11,576
2029	11,436
2030	11,428
Thereafter	7,951
Total lease payments	64,940
Less: imputed interest	(6,927)
Present value of lease liabilities	$	58,013

The Company continues to evaluate its leases for potential impairments, noting no further impairments during the three months ended June 30, 2025.

8X8 INC /DE/ 10-Q