Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 54

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 54
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 Balance as of September 30, 2025$210,316 Intangible Assets, NetIntangible assets consist of developed technology and customer relationships. Developed technology acquired in fiscal 2026 and 2025 has an estimated useful life of five years. Previously acquired developed technology had an estimated useful life of three years, and was fully amortized as of the end of fiscal 2025. Customer relationships acquired in fiscal 2025 have an estimated useful life of ten years. All of our intangible assets are amortized on a straight-line basis. Purchased intangible assets, net of amortization are summarized below:September 30, 2025March 31, 2025Gross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying ValueCustomer relationships$3,800 $(380)$3,420 $3,800 $(190)$3,610 Developed technology27,050 (8,244)18,806 23,350 (6,223)17,127 Total intangible assets$30,850 $(8,624)$22,226 $27,150 $(6,413)$20,737 During the six months ended September 30, 2025, we acquired developed technology valued at $3,700 as part of the acquisition of Satori. Amortization expense from acquired intangible assets was $1,140 and $2,211 for the three and six months ended September 30, 2025, respectively, and $573 and $1,146 for the three and six months ended September 30, 2024, respectively.As of September 30, 2025, future amortization expense associated with intangible assets with finite lives is expected to be:Year ending March 31, 2026 (remaining)$2,511 20275,023 20285,023 20295,023 20302,637 Thereafter2,009 Total$22,226 

15

Table of Contents      Commvault Systems, Inc.Notes to Consolidated Financial Statements - Unaudited (continued)(In thousands, except per share data)

6.    Sale and Leaseback Transaction

On April 28, 2025, we completed the sale of our owned corporate headquarters located in Tinton Falls, New Jersey for cash consideration of $36,000, excluding transaction costs, pursuant to