NASDAQ : CVLT
Commvault Systems, Inc. — Financial statements
Technology · Software - Application · United States
Last price 171.61 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 7.02B
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Financial statements
Commvault Systems, Inc. (CVLT) reported revenue of 1.25B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 1.25B | 1.18B | 995.62M | 839.25M | 784.59M | 769.59M |
| Cost of Revenue | 233.78M | 223.12M | 179.03M | 151.61M | 135.40M | 113.86M |
| Gross Profit | 1.02B | 960.57M | 816.58M | 687.64M | 649.19M | 655.73M |
| Selling, General & Admin | 715.09M | 679.34M | 572.49M | 468.99M | 445.02M | 452.59M |
| Research & Development | 164.13M | 162.21M | 146.29M | 132.33M | 141.85M | 153.62M |
| Operating Expenses | 889.49M | 851.90M | 727.85M | 607.73M | 596.14M | 615.87M |
| Operating Income | 128.78M | 108.67M | 88.73M | 79.90M | 53.05M | 39.86M |
| Interest Expense | -5.83M | -3.79M | -416.00K | -415.00K | -472.00K | -109.00K |
| Interest & Investment Income | 32.84M | 21.81M | 6.65M | 5.42M | 1.30M | 656.00K |
| Other Non Operating Income (Expenses) | 1.66M | 187.00K | 713.00K | 3.27M | 1.00M | |
| EBT Excluding Unusual Items | 157.44M | 126.87M | 95.69M | 88.18M | 53.88M | 41.41M |
| Merger & Restructuring Charges | -34.48M | -33.42M | -10.03M | -4.55M | -15.45M | -6.19M |
| Gain (Loss) on Sale of Investments | -68.00K | -68.00K | 364.00K | -17.00K | -305.00K | 301.00K |
| Asset Writedown | -2.91M | -53.48M | ||||
| Legal Settlements | 7.90M | |||||
| Other Unusual Items | -1.80M | -1.25M | -2.06M | |||
| Pretax Income | 121.10M | 92.12M | 81.05M | 83.61M | -15.36M | 43.41M |
| Income Tax Expense | 38.42M | 21.47M | 4.95M | -85.29M | 20.41M | 9.79M |
| Net Income | 82.68M | 70.66M | 76.11M | 168.91M | -35.77M | 33.62M |
| Net Income to Common | 82.68M | 70.66M | 76.11M | 168.91M | -35.77M | 33.62M |
| Shares Outstanding (Basic) | 42.44M | 43.98M | 43.85M | 43.88M | 44.66M | 45.44M |
| Shares Outstanding (Diluted) | 43.05M | 44.65M | 45.19M | 45.10M | 44.66M | 47.22M |
| EPS (Basic) | 1.95 | 1.61 | 1.74 | 3.85 | -0.80 | 0.74 |
| EPS (Diluted) | 1.92 | 1.58 | 1.68 | 3.75 | -0.80 | 0.71 |
| Free Cash Flow | 255.73M | 237.15M | 203.63M | 199.71M | 167.05M | 173.27M |
| Free Cash Flow Per Share | 5.94 | 5.31 | 4.51 | 4.43 | 3.74 | 3.67 |
| Gross Margin | 81.33% | 81.15% | 82.02% | 81.94% | 82.74% | 85.20% |
| Operating Margin | 10.29% | 9.18% | 8.91% | 9.52% | 6.76% | 5.18% |
| Profit Margin | 6.60% | 5.97% | 7.64% | 20.13% | -4.56% | 4.37% |
| Free Cash Flow Margin | 20.42% | 20.04% | 20.45% | 23.80% | 21.29% | 22.51% |
| EBITDA | 139.06M | 119.02M | 97.81M | 86.32M | 62.01M | 50.57M |
| EBITDA Margin | 11.11% | 10.05% | 9.82% | 10.29% | 7.90% | 6.57% |
| D&A For EBITDA | 10.27M | 10.35M | 9.07M | 6.42M | 8.96M | 10.71M |
| EBIT | 128.78M | 108.67M | 88.73M | 79.90M | 53.05M | 39.86M |
| EBIT Margin | 10.29% | 9.18% | 8.91% | 9.52% | 6.76% | 5.18% |
| Effective Tax Rate | 31.72% | 23.30% | 6.10% | 22.55% | ||
| Revenue as Reported | 1.25B | 1.18B | 995.62M | 839.25M | 784.59M | 769.59M |
| Advertising Expenses | 10.89M | 10.84M | 8.51M | 8.66M | 9.57M |
Balance sheet
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 897.25M | 899.99M | 302.10M | 312.75M | 287.78M | 267.51M |
| Cash & Short-Term Investments | 897.25M | 899.99M | 302.10M | 312.75M | 287.78M | 267.51M |
| Receivables | 280.57M | 330.48M | 252.00M | 222.68M | 210.44M | 194.24M |
| Other Current Assets | 62.30M | 56.04M | 80.96M | 59.69M | 52.70M | 22.34M |
| Total Current Assets | 1.24B | 1.29B | 635.06M | 595.13M | 550.91M | 484.08M |
| Property, Plant & Equipment | 49.44M | 44.67M | 18.42M | 18.51M | 20.07M | 121.43M |
| Long-Term Investments | 15.90M | |||||
| Goodwill | 209.17M | 209.32M | 185.25M | 127.78M | 127.78M | 127.78M |
| Other Intangible Assets | 17.20M | 19.71M | 20.74M | 1.04M | 2.29M | 3.54M |
| Long-Term Accounts Receivable | 67.40M | 44.81M | 31.34M | 14.47M | 9.87M | 14.30M |
| Long-Term Deferred Tax Assets | 145.97M | 153.77M | 133.38M | 111.18M | ||
| Long-Term Deferred Charges | 114.89M | 105.54M | 79.51M | 63.15M | 59.61M | 52.97M |
| Other Long-Term Assets | 30.87M | 6.07M | 14.57M | 12.66M | 12.04M | 11.97M |
| Total Assets | 1.88B | 1.89B | 1.12B | 943.91M | 782.57M | 816.08M |
| Accounts Payable | 493.00K | 651.00K | 373.00K | 299.00K | 108.00K | 432.00K |
| Accrued Expenses | 159.11M | 165.58M | 147.13M | 117.24M | 97.89M | 121.84M |
| Current Portion of Leases | 7.44M | 6.96M | 4.61M | 4.93M | 4.52M | 4.78M |
| Current Unearned Revenue | 472.75M | 484.97M | 402.93M | 362.45M | 307.56M | 267.02M |
| Total Current Liabilities | 639.79M | 658.17M | 555.05M | 484.93M | 410.08M | 394.06M |
| Long-Term Debt | 882.99M | 880.86M | ||||
| Long-Term Leases | 30.94M | 30.98M | 6.34M | 7.16M | 8.26M | 11.27M |
| Long-Term Unearned Revenue | 291.11M | 293.73M | 223.28M | 168.47M | 174.39M | 150.18M |
| Long-Term Deferred Tax Liabilities | 1.13M | 1.56M | 1.38M | 1.72M | 134.00K | 808.00K |
| Other Long-Term Liabilities | 16.57M | 13.51M | 7.09M | 3.56M | 3.61M | 3.93M |
| Total Liabilities | 1.86B | 1.88B | 793.14M | 665.83M | 596.48M | 560.25M |
| Common Stock | 409.00K | 412.00K | 441.00K | 435.00K | 440.00K | 443.00K |
| Additional Paid-In Capital | 1.56B | 1.50B | 1.47B | 1.35B | 1.26B | 1.17B |
| Retained Earnings | -1.53B | -1.47B | -1.13B | -1.06B | -1.06B | -898.70M |
| Comprehensive Income & Other | -19.14M | -16.39M | -15.63M | -15.94M | -16.05M | -11.86M |
| Shareholders' Equity | 12.53M | 7.49M | 325.12M | 278.08M | 186.10M | 255.83M |
| Total Liabilities & Equity | 1.88B | 1.89B | 1.12B | 943.91M | 782.57M | 816.08M |
| Total Debt | 921.37M | 918.80M | 10.95M | 12.09M | 12.78M | 16.05M |
| Net Cash (Debt) | -24.12M | -18.81M | 291.15M | 300.66M | 275.00M | 251.46M |
| Net Cash Per Share | -0.56 | -0.42 | 6.44 | 6.67 | 6.16 | 5.33 |
| Filing Date Shares Outstanding | 40.91M | 41.25M | 44.13M | 43.40M | 43.97M | 44.60M |
| Total Common Shares Outstanding | 40.89M | 41.26M | 44.10M | 43.55M | 44.14M | 44.51M |
| Working Capital | 600.33M | 628.34M | 80.01M | 110.20M | 140.84M | 90.02M |
| Book Value Per Share | 0.31 | 0.18 | 7.37 | 6.39 | 4.22 | 5.75 |
| Tangible Book Value | -213.84M | -221.54M | 119.13M | 149.26M | 56.03M | 124.51M |
| Tangible Book Value Per Share | -5.23 | -5.37 | 2.70 | 3.43 | 1.27 | 2.80 |
| Land | 9.45M | |||||
| Buildings | 1.94M | 1.00M | 103.24M | |||
| Machinery | 50.86M | 50.37M | 48.59M | 46.40M | 60.59M | |
| Construction In Progress | 95.00K | 193.00K | 189.00K | 111.00K | 2.12M | |
| Leasehold Improvements | 6.52M | 6.22M | 8.18M | 8.43M | 9.35M |
Cash flow statement
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 82.68M | 70.66M | 76.11M | 168.91M | -35.77M | 33.62M |
| Depreciation & Amortization | 10.27M | 10.35M | 9.07M | 6.42M | 8.96M | 10.71M |
| Other Amortization | 60.59M | 50.55M | 33.53M | 26.65M | 23.99M | 18.58M |
| Asset Writedown & Restructuring Costs | 2.91M | 53.48M | ||||
| Loss (Gain) From Sale of Investments | 68.00K | 68.00K | -364.00K | 17.00K | 305.00K | -301.00K |
| Stock-Based Compensation | 132.09M | 123.42M | 113.26M | 94.55M | 105.75M | 105.16M |
| Other Operating Activities | 15.42M | 17.14M | -15.01M | -102.91M | 4.50M | 49.00K |
| Change in Accounts Receivable | -48.85M | -73.96M | -62.01M | -21.73M | -11.60M | -20.37M |
| Change in Accounts Payable | 175.00K | 252.00K | -948.00K | 195.00K | -297.00K | 60.00K |
| Change in Unearned Revenue | 96.32M | 136.41M | 87.66M | 50.39M | 73.76M | 48.30M |
| Change in Other Net Operating Assets | -86.06M | -90.20M | -36.83M | -18.69M | -52.78M | -18.63M |
| Operating Cash Flow | 262.70M | 244.68M | 207.38M | 203.80M | 170.29M | 177.18M |
| Capital Expenditures | -6.96M | -7.53M | -3.76M | -4.09M | -3.24M | -3.91M |
| Cash Acquisitions | 200.00K | -25.82M | -65.31M | -16.89M | ||
| Divestitures | 34.85M | |||||
| Investment in Securities | -8.36M | -6.95M | -1.33M | -1.44M | -2.04M | -4.14M |
| Other Investing Activities | 500.00K | |||||
| Investing Cash Flow | -15.13M | -5.45M | -70.40M | -5.52M | -5.29M | -24.44M |
| Long-Term Debt Issued | 900.00M | |||||
| Net Debt Issued (Repaid) | 900.00M | |||||
| Issuance of Common Stock | 14.11M | 14.50M | 17.54M | 13.44M | 15.40M | 29.76M |
| Repurchase of Common Stock | -417.90M | -446.11M | -165.01M | -184.02M | -150.92M | -305.24M |
| Other Financing Activities | -1.38M | -123.10M | -340.00K | -63.00K | -609.00K | |
| Financing Cash Flow | -405.17M | 345.30M | -147.82M | -170.58M | -135.58M | -276.09M |
| Foreign Exchange Rate Adjustments | -8.70M | 13.35M | 185.00K | -2.72M | -9.15M | -6.38M |
| Net Cash Flow | -166.31M | 597.88M | -10.65M | 24.98M | 20.27M | -129.73M |
| Free Cash Flow | 255.73M | 237.15M | 203.63M | 199.71M | 167.05M | 173.27M |
| Free Cash Flow Margin | 20.42% | 20.04% | 20.45% | 23.80% | 21.29% | 22.51% |
| Free Cash Flow Per Share | 5.94 | 5.31 | 4.51 | 4.43 | 3.74 | 3.67 |
| Levered Free Cash Flow | 321.93M | 289.54M | 227.17M | 228.41M | 138.02M | 172.73M |
| Unlevered Free Cash Flow | 320.93M | 289.10M | 227.31M | 228.55M | 138.20M | 172.76M |
| Cash Interest Paid | 665.00K | 665.00K | 253.00K | 253.00K | 253.00K | 13.00K |
| Cash Income Tax Paid | 13.61M | 13.61M | 42.19M | 19.97M | 15.18M | -1.49M |
| Change in Working Capital | -38.43M | -27.51M | -12.13M | 10.18M | 9.08M | 9.36M |
Ratios
Fiscal year April - March; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 6.46B | 3.43B | 6.94B | 4.43B | 2.53B | 2.96B |
| Enterprise Value | 6.48B | 3.32B | 6.71B | 4.16B | 2.27B | 2.74B |
| Last Close Price | 165.13 | 77.89 | 157.76 | 101.43 | 56.74 | 66.35 |
| PE Ratio | 82.29 | 48.48 | 91.20 | 26.22 | 87.93 | |
| Forward PE | 27.61 | 17.11 | 40.64 | 33.08 | 22.82 | 24.99 |
| PS Ratio | 5.29 | 2.89 | 6.97 | 5.28 | 3.22 | 3.84 |
| PB Ratio | 528.58 | 457.05 | 21.35 | 15.93 | 13.58 | 11.56 |
| P/TBV Ratio | 58.27 | 29.67 | 45.12 | 23.75 | ||
| P/FCF Ratio | 25.91 | 14.44 | 34.09 | 22.18 | 15.13 | 17.06 |
| P/OCF Ratio | 25.22 | 14.00 | 33.47 | 21.73 | 14.85 | 16.69 |
| PEG Ratio | 1.01 | 13.16 | 2.39 | 6.62 | 4.56 | 3.12 |
| EV/Sales Ratio | 5.31 | 2.80 | 6.74 | 4.95 | 2.89 | 3.56 |
| EV/EBITDA Ratio | 47.82 | 27.89 | 68.60 | 48.16 | 36.56 | 54.20 |
| EV/EBIT Ratio | 51.63 | 30.54 | 75.61 | 52.03 | 42.73 | 68.76 |
| EV/FCF Ratio | 26.00 | 13.99 | 32.95 | 20.82 | 13.57 | 15.82 |
| Debt / Equity Ratio | 73.51 | 122.61 | 0.03 | 0.04 | 0.07 | 0.06 |
| Debt / EBITDA Ratio | 6.04 | 7.05 | 0.10 | 0.13 | 0.18 | 0.27 |
| Debt / FCF Ratio | 3.60 | 3.87 | 0.05 | 0.06 | 0.08 | 0.09 |
| Net Debt / Equity Ratio | 1.92 | 2.51 | -0.90 | -1.08 | -1.48 | -0.98 |
| Net Debt / EBITDA Ratio | 0.17 | 0.16 | -2.98 | -3.48 | -4.43 | -4.97 |
| Net Debt / FCF Ratio | 0.09 | 0.08 | -1.43 | -1.50 | -1.65 | -1.45 |
| Asset Turnover | 0.66 | 0.79 | 0.97 | 0.97 | 0.98 | 0.90 |
| Quick Ratio | 1.84 | 1.87 | 1.00 | 1.10 | 1.22 | 1.17 |
| Current Ratio | 1.94 | 1.96 | 1.14 | 1.23 | 1.34 | 1.23 |
| Return on Equity (ROE) | 74.16% | 42.49% | 25.23% | 72.78% | -16.19% | 10.35% |
| Return on Assets (ROA) | 4.25% | 4.52% | 5.38% | 5.79% | 4.15% | 2.90% |
| Return on Invested Capital (ROIC) | 245.26% | |||||
| Return on Capital Employed (ROCE) | 10.40% | 8.80% | 15.80% | 17.40% | 14.20% | 9.40% |
| Earnings Yield | 1.22% | 2.06% | 1.10% | 3.81% | -1.42% | 1.14% |
| FCF Yield | 3.86% | 6.92% | 2.93% | 4.51% | 6.61% | 5.86% |
| Buyback Yield / Dilution | 4.91% | 1.18% | -0.19% | -0.98% | 5.41% | -1.22% |