Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 0

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 0
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Table of Contents

Commvault Systems, Inc.

Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

September 30,2025March 31,2025ASSETSCurrent assets:Cash and cash equivalents$1,063,555 $302,103 Trade accounts receivable, net234,806 251,995 Assets held for sale— 34,770 Other current assets54,602 46,189 Total current assets1,352,963 635,057 Deferred tax assets, net151,936 133,378 Property and equipment, net9,740 8,294 Operating lease assets28,952 10,124 Deferred commissions cost85,156 79,309 Intangible assets, net22,226 20,737 Goodwill210,316 185,255 Other assets55,639 46,112 Total assets$1,916,928 $1,118,266 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$359 $373 Accrued liabilities106,486 147,133 Current portion of operating lease liabilities5,523 4,614 Deferred revenue422,947 402,930 Total current liabilities535,315 555,050 Convertible notes, net878,927 — Deferred revenue, less current portion252,608 223,282 Deferred tax liabilities1,504 1,384 Long-term operating lease liabilities24,038 6,338 Other liabilities14,076 7,090 Commitments and contingencies (Note 8)Stockholders’ equity:Preferred stock, $0.01 par value: 50,000 shares authorized, no shares issued and outstanding— — Common stock, $0.01 par value: 250,000 shares authorized, 44,051 shares and 44,104 shares issued and outstanding at September 30, 2025 and March 31, 2025, respectively440 441 Additional paid-in capital1,459,729 1,474,377 Accumulated deficit(1,234,594)(1,134,063)Accumulated other comprehensive loss(15,115)(15,633)Total stockholders’ equity210,460 325,122 Total liabilities and stockholders’ equity$1,916,928 $1,118,266