COMMVAULT SYSTEMS INC
Business
Commvault Systems Inc. is a provider of cyber resiliency and data protection solutions that help enterprises protect, secure, and recover data, applications, and identity systems across on-premise, hybrid, multi-cloud, and SaaS environments. The company delivers unified platform capabilities including backup, disaster recovery, ransomware detection, and clean recovery through subscription-based SaaS and term subscriptions, perpetual licenses, and professional services. Solutions are distributed via direct sales, resellers, systems integrators, managed service providers, and cloud marketplaces.
Summary from 10-K filed 2026-05-11
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Total revenues | 1,184 | 996 | 839 | 785 | 770 | |
| Total cost of revenues | 223 | 179 | 152 | 135 | 114 | |
| Gross margin | 961 | 817 | 688 | 649 | 656 | |
| Sales and marketing | 520 | 434 | 355 | 341 | 342 | |
| Research and development | 162 | 146 | 132 | 142 | 154 | |
| General and administrative | 163 | 138 | 114 | 104 | 103 | |
| Depreciation and amortization | 10 | 9 | 6 | 9 | 10 | |
| Restructuring | 32 | 10 | 5 | 15 | 6 | |
| Change in contingent consideration | −545,000 | 2 | 0 | 0 | 0 | |
| Impairment charges | 0 | 3 | 0 | 53 | — | |
| Total operating expenses | 887 | 743 | 612 | 665 | 614 | |
| Income from operations | 74 | 74 | 75 | −16 | 42 | |
| Interest income | 22 | 7 | 5 | 1 | 656,000 | |
| Interest expense | −4 | −416,000 | −415,000 | −472,000 | — | |
| Other income, net | 119,000 | 1 | 3 | −305,000 | 1 | |
| Income before income taxes | 92 | 81 | 84 | −15 | 43 | |
| Income tax expense (benefit) | 21 | 5 | −85 | 20 | 10 | |
| Net income | 71 | 76 | 169 | −36 | 34 | |
| Basic (in dollars per share) | 1.61 | 1.74 | 3.85 | −0.8 | 0.74 | |
| Diluted (in dollars per share) | 1.58 | 1.68 | 3.75 | −0.8 | 0.71 | |
| Basic (in shares) | 44 | 44 | 44 | 45 | 45 | |
| Diluted (in shares) | 45 | 45 | 45 | 45 | 47 |
Consolidated Balance Sheet
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 900 | 302 | 313 | 288 | 268 | |
| Trade accounts receivable, net | 330 | 252 | 223 | 210 | 194 | |
| Assets held for sale | 0 | 35 | 39 | 39 | 0 | |
| Other current assets | 56 | 46 | 21 | 14 | 22 | |
| Total current assets | 1,287 | 635 | 595 | 551 | 484 | |
| Deferred tax assets, net | 154 | 133 | 111 | 0 | — | |
| Property and equipment, net | 10 | 8 | 8 | 8 | 107 | |
| Operating lease assets | 35 | 10 | 11 | 12 | 15 | |
| Deferred commissions cost | 104 | 79 | 63 | 60 | 53 | |
| Intangible assets, net | 20 | 21 | 1 | 2 | 4 | |
| Goodwill | 209 | 185 | 128 | 128 | 128 | |
| Other assets | 68 | 46 | 27 | 22 | 26 | |
| Total assets | 1,886 | 1,118 | 944 | 783 | 816 | |
| Accounts payable | 651,000 | 373,000 | 299,000 | 108,000 | 432,000 | |
| Accrued liabilities | 166 | 147 | 117 | 98 | 122 | |
| Current portion of operating lease liabilities | 7 | 5 | 5 | 5 | 5 | |
| Deferred revenue | 485 | 403 | 362 | 308 | 267 | |
| Total current liabilities | 658 | 555 | 485 | 410 | 394 | |
| Convertible notes, net | 881 | 0 | — | — | — | |
| Deferred revenue, less current portion | 294 | 223 | 168 | 174 | 150 | |
| Deferred tax liabilities | 2 | 1 | 2 | 134,000 | 808,000 | |
| Long-term operating lease liabilities | 30 | 6 | 7 | 8 | 11 | |
| Other liabilities | 15 | 7 | 4 | 4 | 4 | |
| Commitments and contingencies (Note 9) | — | — | — | — | — | |
| Preferred stock, $0.01 par value: 50,000 shares authorized, no shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Common stock, $0.01 par value, 250,000 shares authorized, 41,255 shares and 44,104 shares issued and outstanding at March 31, 2026 and 2025, respectively | 412,000 | 441,000 | 435,000 | 440,000 | 443,000 | |
| Additional paid-in capital | 1,496 | 1,474 | 1,350 | 1,265 | 1,166 | |
| Accumulated deficit | −1,472 | −1,134 | −1,056 | −1,063 | −899 | |
| Accumulated other comprehensive loss | −16 | −16 | −16 | −16 | −12 | |
| Total stockholders equity | 7 | 325 | 278 | 186 | 256 | |
| Total liabilities and stockholders equity | 1,886 | 1,118 | 944 | 783 | 816 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2026 2026-03-31 | FY 2025 2025-03-31 | FY 2024 2024-03-31 | FY 2023 2023-03-31 | FY 2022 2022-03-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 10 | 9 | 6 | 10 | 11 | |
| Amortization of debt issuance costs | 3 | 115,000 | 115,000 | — | — | |
| Amortization of deferred commissions costs | 48 | 33 | 27 | 23 | 18 | |
| Noncash stock-based compensation | 123 | 113 | 95 | 106 | 105 | |
| Noncash operating lease expense | 8 | 6 | 7 | 5 | — | |
| Noncash change in fair value of equity securities | 68,000 | −364,000 | 17,000 | 305,000 | −301,000 | |
| Noncash adjustment on headquarters sale leaseback | 495,000 | 0 | 0 | — | — | |
| Noncash lease impairment | 1 | 0 | 0 | 0 | 0 | |
| Deferred income taxes | 8 | −23 | −110 | −674,000 | — | |
| Trade accounts receivable, net | −74 | −62 | −22 | −12 | −20 | |
| Operating lease liabilities | −8 | −7 | −6 | −5 | — | |
| Other current assets and Other assets | −21 | −9 | 336,000 | 6 | 4 | |
| Deferred commissions cost | −74 | −50 | −30 | −31 | −34 | |
| Accounts payable | 252,000 | −948,000 | 195,000 | −297,000 | 60,000 | |
| Accrued liabilities | 12 | 25 | 17 | −24 | 10 | |
| Deferred revenue | 136 | 88 | 50 | 74 | 48 | |
| Other liabilities | 723,000 | 4 | 65,000 | 1 | 2 | |
| Net cash provided by operating activities | 245 | 207 | 204 | 170 | 177 | |
| Purchase of property and equipment | −8 | −4 | −4 | −3 | −4 | |
| Purchase of equity securities | −7 | −1 | −1 | −2 | −4 | |
| Proceeds from sale of headquarters, net | 35 | 0 | 0 | — | — | |
| Business combination, net of cash acquired | −26 | −65 | 0 | 0 | −17 | |
| Net cash used in investing activities | −5 | −70 | −6 | −5 | −24 | |
| Repurchase of common stock | −446 | −165 | −184 | −151 | −305 | |
| Proceeds from stock-based compensation plans | 15 | 18 | 13 | 15 | 30 | |
| Proceeds from issuance of convertible notes | 900 | 0 | 0 | — | — | |
| Purchase of capped calls | −100 | 0 | 0 | — | — | |
| Payment of contingent liability | 0 | −340,000 | 0 | 0 | — | |
| Payment of debt issuance costs | −23 | 0 | 0 | −63,000 | −609,000 | |
| Other | −66,000 | 0 | 0 | — | — | |
| Net cash provided by (used in) financing activities | 345 | −148 | −171 | −136 | −276 | |
| Effects of exchange rate changes in cash | 13 | 185,000 | −3 | −9 | −6 | |
| Net increase (decrease) in cash and cash equivalents | 598 | −11 | 25 | 20 | −130 | |
| Income taxes paid | 14 | 42 | 20 | 15 | −1 | |
| Issuance of common stock for business combination | 0 | 5 | 0 | 0 | — | |
| Operating lease liabilities arising from obtaining right-of-use assets | 36 | 6 | 6 | 3 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is COMMVAULT SYSTEMS INC's CIK number?
COMMVAULT SYSTEMS INC's SEC CIK number is 0001169561 (1169561). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find COMMVAULT SYSTEMS INC's SEC filings?
All of COMMVAULT SYSTEMS INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did COMMVAULT SYSTEMS INC last report earnings?
COMMVAULT SYSTEMS INC (CVLT) most recently filed an earnings 8-K with the SEC on Apr 28, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001169561-26-000013). This is COMMVAULT SYSTEMS INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is COMMVAULT SYSTEMS INC's most recent earnings 8-K?
COMMVAULT SYSTEMS INC's latest earnings 8-K (Item 2.02) was filed Apr 28, 2026 under accession 0001169561-26-000013. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View COMMVAULT SYSTEMS INC's latest earnings 8-K →
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