Company: CVLT
Filing Date: 2025-01-29
Form Type: 10-Q
Source: 0001169561-25-000007
Chunk: 0

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-01-29
Form: 10-Q
Item: Item 1
Chunk 0
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Commvault Systems, Inc.

Consolidated Balance Sheets

(In thousands, except per share data)

(Unaudited)

December 31,2024March 31,2024ASSETSCurrent assets:Cash and cash equivalents$243,575 $312,754 Trade accounts receivable, net271,363 222,683 Assets held for sale34,770 38,680 Other current assets27,025 21,009 Total current assets576,733 595,126 Deferred tax assets, net117,575 111,181 Property and equipment, net7,273 7,961 Operating lease assets10,907 10,545 Deferred commissions cost67,839 62,837 Intangible assets, net21,912 1,042 Goodwill186,406 127,780 Other assets35,111 27,441 Total assets$1,023,756 $943,913 LIABILITIES AND STOCKHOLDERS’ EQUITYCurrent liabilities:Accounts payable$88 $299 Accrued liabilities128,957 117,244 Current portion of operating lease liabilities4,970 4,935 Deferred revenue377,723 362,450 Total current liabilities511,738 484,928 Deferred revenue, less current portion210,530 168,472 Deferred tax liabilities3,344 1,717 Long-term operating lease liabilities6,631 7,155 Other liabilities3,664 3,556 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, 44,022 shares and 43,548 shares issued and outstanding at December 31, 2024 and March 31, 2024, respectively440 435 Additional paid-in capital1,440,617 1,349,603 Accumulated deficit(1,136,861)(1,056,011)Accumulated other comprehensive loss(16,347)(15,942)Total stockholders’ equity287,849 278,085 Total liabilities and stockholders’ equity$1,023,756 $943,913 

See accompanying unaudited notes to consolidated financial statements

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