Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management. Commvault is headquartered in Tinton Falls, New Jersey and has 29 offices globally, including those in Beijing, Shanghai, Mumbai, Dubai, Israel, France, Germany and Brazil.3 Its shares trade on Nasdaq under the symbol CVLT.1Wikipedia text CC BY-SA 4.0
Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Where each dollar of operating cash went, fiscal 2026
Share buybacks
Capital spending2¢$7.5M
Share buybacks98¢$446.1M
Out of $244.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6
Financial statements
Revenue10111213146$1.2B in 2026+66% since 2019Gross profit10111213146$960.6M in 2026+62% since 2019Operating income10111213146$74.0M in 2026+1408% since 2019Net income10111213146$70.7M in 2026+1884% since 2019
Revenue151617$314.1M in Q1 FY2026+14% since Q2 FY2025Gross profit151617$256.5M in Q1 FY2026+16% since Q2 FY2025Operating income151617$25.7M in Q1 FY2026+106% since Q2 FY2025Net income151617$21.1M in Q1 FY2026+44% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2026-03-31
2025-03-31
2024-03-31
Total revenues
$1.2B
$995.6M
$839.2M
Total cost of revenues
$223.1M
$179.0M
$151.6M
Gross margin
$960.6M
$816.6M
$687.6M
Sales and marketing
$519.7M
$434.1M
$355.0M
Research and development
$162.2M
$146.3M
$132.3M
General and administrative
$162.7M
$138.4M
$114.0M
Depreciation and amortization
$10.3M
$9.1M
$6.4M
Restructuring
$32.2M
$10.0M
$4.5M
Change in contingent consideration
-$545.0K
$2.1M
$0
Impairment charges
$0
$2.9M
$0
Total operating expenses
$886.6M
$742.8M
$612.3M
Income from operations
$74.0M
$73.7M
$75.4M
Interest income
$21.8M
$6.7M
$5.4M
Interest expense
-$3.8M
-$416.0K
-$415.0K
Other income, net
$119.0K
$1.1M
$3.2M
Income before income taxes
$92.1M
$81.1M
$83.6M
Income tax expense (benefit)
$21.5M
$4.9M
-$85.3M
Net income
$70.7M
$76.1M
$168.9M
Basic (in dollars per share)
$1.61
$1.74
$3.85
Diluted (in dollars per share)
$1.58
$1.68
$3.75
Basic (in shares)
44.0M shares
43.9M shares
43.9M shares
Diluted (in shares)
44.7M shares
45.2M shares
45.1M shares
No quarter-by-quarter statement was filed.
Total assets1810111213146$1.9B in 2026+129% since 2019Shareholders’ equity111213146$7.5M in 2026−98% since 2019Cash1810111213146$900.0M in 2026+174% since 2019
Total assets151617$1.9B in Q1 FY2026−1% since Q2 FY2025Shareholders’ equity151617$52.1M in Q1 FY2026−75% since Q2 FY2025Cash151617$929.8M in Q1 FY2026−13% since Q2 FY2025
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2026-03-31
2025-03-31
2024-03-31
2023-03-31
Cash and cash equivalents
$900.0M
$302.1M
Trade accounts receivable, net
$330.5M
$252.0M
Assets held for sale
$0
$34.8M
Other current assets
$56.0M
$46.2M
Total current assets
$1.3B
$635.1M
Deferred tax assets, net
$153.8M
$133.4M
Property and equipment, net
$9.8M
$8.3M
Operating lease assets
$34.9M
$10.1M
Deferred commissions cost
$103.9M
$79.3M
Intangible assets, net
$19.7M
$20.7M
Goodwill
$209.3M
$185.3M
Other assets
$68.4M
$46.1M
Total assets
$1.9B
$1.1B
Accounts payable
$651.0K
$373.0K
Accrued liabilities
$165.6M
$147.1M
Current portion of operating lease liabilities
$7.0M
$4.6M
Deferred revenue
$485.0M
$402.9M
Total current liabilities
$658.2M
$555.0M
Convertible notes, net
$880.9M
$0
Deferred revenue, less current portion
$293.7M
$223.3M
Deferred tax liabilities
$1.6M
$1.4M
Long-term operating lease liabilities
$29.7M
$6.3M
Other liabilities
$14.8M
$7.1M
Preferred stock, $0.01 par value: 50,000 shares authorized, no shares issued and outstanding
$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
$412.0K
$441.0K
Additional paid-in capital
$1.5B
$1.5B
Accumulated deficit
-$1.5B
-$1.1B
Accumulated other comprehensive loss
-$16.4M
-$15.6M
Total stockholders equity
$7.5M
$325.1M
$278.1M
$186.1M
Total liabilities and stockholders equity
$1.9B
$1.1B
Preferred stock, par value (in dollars per share)
$0.01
$0.01
Preferred stock, shares authorized (in shares)
50.0M shares
50.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.01
$0.01
Common stock, shares authorized (in shares)
250.0M shares
250.0M shares
Common stock, shares issued (in shares)
41.3M shares
44.1M shares
Common stock, shares outstanding (in shares)
41.3M shares
44.1M shares
Period ending
2026-03-31
2025-03-31
2024-03-31
2023-03-31
Cash and cash equivalents
$900.0M
$302.1M
Trade accounts receivable, net
$330.5M
$252.0M
Assets held for sale
$0
$34.8M
Other current assets
$56.0M
$46.2M
Total current assets
$1.3B
$635.1M
Deferred tax assets, net
$153.8M
$133.4M
Property and equipment, net
$9.8M
$8.3M
Operating lease assets
$34.9M
$10.1M
Deferred commissions cost
$103.9M
$79.3M
Intangible assets, net
$19.7M
$20.7M
Goodwill
$209.3M
$185.3M
Other assets
$68.4M
$46.1M
Total assets
$1.9B
$1.1B
Accounts payable
$651.0K
$373.0K
Accrued liabilities
$165.6M
$147.1M
Current portion of operating lease liabilities
$7.0M
$4.6M
Deferred revenue
$485.0M
$402.9M
Total current liabilities
$658.2M
$555.0M
Convertible notes, net
$880.9M
$0
Deferred revenue, less current portion
$293.7M
$223.3M
Deferred tax liabilities
$1.6M
$1.4M
Long-term operating lease liabilities
$29.7M
$6.3M
Other liabilities
$14.8M
$7.1M
Preferred stock, $0.01 par value: 50,000 shares authorized, no shares issued and outstanding
$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
$412.0K
$441.0K
Additional paid-in capital
$1.5B
$1.5B
Accumulated deficit
-$1.5B
-$1.1B
Accumulated other comprehensive loss
-$16.4M
-$15.6M
Total stockholders equity
$7.5M
$325.1M
$278.1M
$186.1M
Total liabilities and stockholders equity
$1.9B
$1.1B
Preferred stock, par value (in dollars per share)
$0.01
$0.01
Preferred stock, shares authorized (in shares)
50.0M shares
50.0M shares
Preferred stock, shares issued (in shares)
0 shares
0 shares
Preferred stock, shares outstanding (in shares)
0 shares
0 shares
Common stock, par value (in dollars per share)
$0.01
$0.01
Common stock, shares authorized (in shares)
250.0M shares
250.0M shares
Common stock, shares issued (in shares)
41.3M shares
44.1M shares
Common stock, shares outstanding (in shares)
41.3M shares
44.1M shares
Cash from operations10111213146$244.7M in 2026+122% since 2019Capital spending10111213146$7.5M in 2026+15% since 2019Free cash flow10111213146$237.2M in 2026+129% since 2019Share buybacks10111213146$446.1M in 2026+236% since 2019
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2026-03-31
2025-03-31
2024-03-31
Net income
$70.7M
$76.1M
$168.9M
Depreciation and amortization
$10.3M
$9.1M
$6.4M
Amortization of debt issuance costs
$2.8M
$115.0K
$115.0K
Amortization of deferred commissions costs
$47.7M
$33.4M
$26.5M
Noncash stock-based compensation
$123.4M
$113.3M
$94.6M
Noncash operating lease expense
$8.1M
$6.4M
$6.7M
Noncash change in fair value of equity securities
$68.0K
-$364.0K
$17.0K
Noncash change in fair value of contingent consideration
-$545.0K
$2.1M
$0
Noncash adjustment on headquarters sale leaseback
$495.0K
$0
$0
Noncash impairment charges
$0
$2.9M
$0
Noncash lease impairment
$1.4M
$0
$0
Deferred income taxes
$7.7M
-$23.5M
-$109.6M
Trade accounts receivable, net
-$74.0M
-$62.0M
-$21.7M
Operating lease liabilities
-$8.0M
-$7.1M
-$6.1M
Other current assets and Other assets
-$20.8M
-$8.6M
$336.0K
Deferred commissions cost
-$73.7M
-$49.8M
-$30.0M
Accounts payable
$252.0K
-$948.0K
$195.0K
Accrued liabilities
$11.6M
$25.2M
$17.0M
Deferred revenue
$136.4M
$87.7M
$50.4M
Other liabilities
$723.0K
$3.5M
$65.0K
Net cash provided by operating activities
$244.7M
$207.4M
$203.8M
Purchase of property and equipment
-$7.5M
-$3.8M
-$4.1M
Purchase of equity securities
-$7.0M
-$1.3M
-$1.4M
Proceeds from sale of headquarters, net
$34.8M
$0
$0
Business combination, net of cash acquired
-$25.8M
-$65.3M
$0
Net cash used in investing activities
-$5.4M
-$70.4M
-$5.5M
Repurchase of common stock
-$446.1M
-$165.0M
-$184.0M
Proceeds from stock-based compensation plans
$14.5M
$17.5M
$13.4M
Proceeds from issuance of convertible notes
$900.0M
$0
$0
Purchase of capped calls
-$99.6M
$0
$0
Payment of contingent liability
$0
-$340.0K
$0
Payment of debt issuance costs
-$23.4M
$0
$0
Other
-$66.0K
$0
$0
Net cash provided by (used in) financing activities
$345.3M
-$147.8M
-$170.6M
Effects of exchange rate changes in cash
$13.3M
$185.0K
-$2.7M
Net increase (decrease) in cash and cash equivalents
$597.9M
-$10.7M
$25.0M
Income taxes paid
$13.6M
$42.2M
$20.0M
Issuance of common stock for business combination
$0
$4.9M
$0
Operating lease liabilities arising from obtaining right-of-use assets
CommVault Systems sits at the top of its group. 35 entities, 28 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Commvault Systems (Australia) Pty. Ltd. Subsidiary · Australia
Commvault Systems (Austria) GmbH Subsidiary · Austria
Commvault Systems (Belgium) BVBA Subsidiary · Belgium
Commvault Systems (Canada) Inc. Subsidiary · Canada
Commvault Systems (Egypt) Subsidiary · Egypt
CommVault Systems (Hong Kong) Limited Subsidiary · Hong Kong
COMMVAULT SYSTEMS (INDIA) PRIVATE LIMITED Subsidiary · Hyderabad, India
Commvault Systems (Israel) Ltd. Subsidiary · Israel
Commvault Systems (Japan) KK Subsidiary · Japan
Commvault Systems (Malaysia) SDN. BHD. Subsidiary · Malaysia
Commvault Systems (New Zealand) Limited Subsidiary · New Zealand
Commvault Systems (Poland) sp. z o.o. Subsidiary · Poland
Commvault Systems (Singapore) Private Limited Subsidiary · Singapore
CommVault Systems (Singapore) Private Limited Taiwan Branch Subsidiary · Taiwan
Commvault Systems (South Africa) (Pty) Ltd. Subsidiary · South Africa
CommVault Systems (Switzerland) GmbH Subsidiary · Switzerland
Commvault Systems Denmark branch filial of Commvault Systems AB Subsidiary · Denmark
and 9 more
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CommVault Systems reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Our corporate headquarters are located in Tinton Falls, New Jersey, where we lease a facility for administrative, customer support and research and development activities. We lease additional office space in various locations across North America, Europe, Asia, the Middle East and Northern Africa, with a significant presence in India. We believe our facilities are adequate to meet our current and anticipated future needs.
Commvault was originally formed in 1988 as a development group in Bell Labs focused on data management, backup, and recovery; it was later designated a business unit of AT&T Network Systems. After becoming a part of Lucent Technologies, the unit was sold in 1996 and became a corporation, with Scotty R. Neal as CEO.
In March 1998, Bob Hammer joined Commvault as chairman, president and CEO, and Al Bunte joined as vice president and COO. In 2000, the company began releasing products aimed at managing network storage. In March 2006, Commvault filed for an initial public offering, and officially went public later that year as CVLT on NASDAQ. At the end of 2013, the company moved from its space in Oceanport, New Jersey, to its new headquarters at the former Fort Monmouth in Tinton Falls, New Jersey.
On February 5, 2019, Sanjay Mirchandani replaced the retiring Hammer as president and CEO, and Nick Adamo was announced as chairman of the board. Mirchandani joined Commvault from Puppet, an Oregon-based IT automation company, where he served as CEO.
In June 2024, the company received FedRAMP certification for its Commvault Cloud for Government data protection services.
In January 2026, Commvault introduced Commvault Cloud Unified Data Vault, a cloud-native service that offers air-gapped protection and resilience to data stored via the S3 protocol.
Commvault's main product is a data protection platform that supports cloud, hyperscale, and other environments. It is split into three packages including operational recovery, cyber recovery, and autonomous recovery.
Commvault provides consulting services for customers, advising in the set-up of new data management systems from the architecture design to the implementation and monitoring. In the remote managed service, Commvault manages the software in production for their customers.
Commvault Tinton Falls Urban Renewal, LLC New Jersey9
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Acquisitions
On September 4, 2019, Commvault announced that it would acquire software-defined storage startup Hedvig, with the acquisition valued at $225 million. The acquisition was completed in October 2019.
On February 1, 2022, Commvault announced that it has acquired Israel based cyber security company TrapX.
On April 16, 2024, Commvault announced the acquisition of Appranix, a company specializing in Cyber Recovery in cloud platforms.
In September 2024, Commvault announced the planned acquisition of Clumio, which provides autonomous backup and recovery of cloud data; the acquisition is expected to close in October 2024, be funded with cash on hand, and be immediately accretive to ARR and revenue.
Read the full text
In July 2025, Commvault announced intent to acquire Data and AI Security company Satori Cyber; the acquisition was completed in August 2025.
Oct 27, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.38 a share, on Oct 28, 2025.68
When it reported results
Jul 28, 2026Reported quarterly or annual results58
Apr 28, 2026Reported quarterly or annual results59
Jan 27, 2026Reported quarterly or annual results61
Oct 28, 2025Reported quarterly or annual results63
Jul 29, 2025Reported quarterly or annual results69
Apr 29, 2025Reported quarterly or annual results70
Jan 28, 2025Reported quarterly or annual results71
Oct 29, 2024Reported quarterly or annual results72
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
490 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 249 insider forms, 21 large holders, 158 other. The latest 20:
166 open-market trades by officers, directors and large owners since October 2021: 0 buys and 166 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed May 11, 2026 (Section 12(b) of the Exchange Act).19
Risk factors and legal proceedings
The risks CommVault Systems names in Item 1A of its 10-K filed May 11, 2026: 36 risks under these headings, as written.19
Risks Related to Our Business and Industry
Our industry is intensely competitive, and many of our competitors have greater resources and larger, established customer bases, which could enable them to compete more effectively than we do.
We rely on indirect sales channels, including resellers, systems integrators, distributors, OEMs, and marketplaces, and the failure of these channels to effectively sell our solutions could adversely affect our business.
If we are unable to price our solutions competitively, manage costs associated with delivering our offerings, or maintain the scope and duration of customer subscriptions and support agreements, our business, results of operations, and financial condition could be adversely affected.
Our reliance on interoperability with third‑party platforms, operating systems, cloud environments, and hardware products, as well as ongoing supply chain constraints, could adversely affect our product development, customer satisfaction, and results of operations.
Volatility in the global economy, including changes in trade policy or tariffs, could adversely affect our continued growth, results of operations, financial condition, and our ability to forecast future performance.
We can experience long and unpredictable sales and implementation cycles, particularly with large enterprise and government customers, which could adversely affect the size, timing and predictability of our revenues.
We depend on growth in the data protection and cyber resiliency market, and a slowdown or contraction in this market could have a material adverse effect on our business, results of operations, and financial condition.
Our SaaS offerings require substantial and ongoing infrastructure investments, and if these investments do not yield the expected return, our business, results of operations, and financial condition could be adversely affected.
Our complex solutions may contain undetected errors, defects, or vulnerabilities, and incorrect or improper implementation or use of our solutions could result in customer dissatisfaction, increased data security risk, and harm to our business, financial condition, and reputation.
Our investments in research and development may not result in significant revenues, and we may not realize a return on these investments for several years, if at all.
Our ability to sell our solutions and retain customers is dependent on the quality of our customer support and professional services, and any failure to provide high quality support or services could adversely affect our business, results of operations, and financial condition.
The other 25 risks
We implemented new restructuring plans in fiscal 2026, which we cannot guarantee will achieve their intended results.
A portion of our revenue is generated by sales to government entities, which are subject to unique risks that could adversely affect our business.
We have engaged, and may continue to engage, in strategic acquisitions, equity investments, and other transactions, which could have a material adverse effect on our business, results of operations, financial condition and cash flows.
Changes in senior management or key personnel could cause disruption in the Company adversely affect our business, results of operations, and financial condition.
Our existing and future indebtedness, including our senior convertible notes and revolving credit facility, could adversely affect our business, results of operations, and financial condition.
Risks Related to our International Operations
Our significant operations in India expose us to operational, economic, and labor‑related risks that could adversely affect our business.
We may experience fluctuations in foreign currency exchange rates that could adversely affect our results of operations and financial condition.
Our international sales and operations are subject to factors that could have an adverse effect on our results of operations.
Risks Related to Technology and Security
We may be subject to IT system failures, network disruptions, cybersecurity incidents and breaches in data security, which could adversely affect our business, results of operations, and financial condition.
We may not be successful in our initiatives that utilize AI, which could adversely affect our business, results of operations, financial condition, and reputation.
Our success depends on our technology partners. We rely on Microsoft’s products and services, including Azure, and other third parties to support certain of our products, services, customers, and business operations. Any errors, disruptions, performance problems, cybersecurity incidents, or failures in such third parties’ operational infrastructure could adversely affect our business, results of operations, financial condition, and reputation.
If we fail to adapt and respond effectively to rapidly changing technology, evolving industry standards, changing regulations, or to changing customer needs, requirements, or preferences, our products may become less competitive.
Risks Related to Financial, Accounting, Regulatory, Tax, and Other Legal Matters
We have been, and may in the future become, involved in litigation that may have a material adverse effect on our business.
We are subject to numerous and evolving privacy and data protection laws and regulations, and our actual or perceived failure to comply with such laws and regulations could adversely affect our business.
Changes in tax laws, regulations, or interpretations, and the inherent difficulty in projecting our effective tax rate, could materially adversely affect our business, results of operations, financial condition, and cash flows.
Our reported financial results may be adversely affected by changes in accounting principles generally accepted in the United States.
Goodwill represents a portion of our assets and any impairment of these assets could negatively impact our results of operations.
We may experience a decline in revenues or volatility in our quarterly operating results, which may adversely affect the market price of our common stock.
The market price of our common stock may be volatile and could decline regardless of our operating performance.
Although we believe we have adequate internal control over financial reporting, we are required to assess our internal control over financial reporting on an annual basis, and any future adverse results from such assessment could result in a loss of investor confidence in our financial reports and have an adverse effect on our stock price.
Certain provisions of our certificate of incorporation and our amended and restated bylaws or Delaware law could prevent or delay a potential acquisition of control of our Company, which could decrease the trading price of our common stock.
Risks Related to Our Convertible Senior Notes
We may lack the cash or financing capacity to satisfy required cash payments under the Notes, including upon conversion, following a fundamental change, or at maturity.
Conversion of the Notes may adversely affect our liquidity, dilute existing stockholders, and depress the price of our common stock, and the Capped Calls provide only partial offset.
The Notes and related Capped Call transactions may affect the trading price of our common stock and introduce volatility in our reported financial results.
General Risks
Our business could be materially and adversely affected by natural disasters, geopolitical instability, climate change, or other catastrophic events.
Legal proceedings
From time to time, we are subject to claims in legal proceedings arising in the normal course of business. We do not believe that we are currently party to any pending legal action that could reasonably be expected to have a material adverse effect on our business or operating results.
