Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 4

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 4
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 Share issuances related to business combination50 1 4,899 4,900 Share issuances related to stock-based compensation975 10 11,090 11,100 Repurchase of common stock(834)(9)(7,684)(95,863)(103,556)Net income34,092 34,092 Other comprehensive income360 360 Balance as of September 30, 202443,739 $437 $1,410,715 $(1,117,782)$(15,582)$277,788 

See accompanying unaudited notes to consolidated financial statements

5

Commvault Systems, Inc.

Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)Six Months Ended September 30, 20252024Cash flows from operating activitiesNet income$38,226 $34,092 Adjustments to reconcile net income to net cash provided by operating activities:Depreciation and amortization5,673 3,999 Noncash stock-based compensation62,404 52,807 Noncash operating lease expense3,410 2,948 Noncash change in fair value of equity securities(199)(135)Noncash change in fair value of contingent consideration(545)— Noncash adjustment on headquarters sale leaseback495 — Noncash impairment charges— 2,910 Deferred income taxes9,576 (8,483)Amortization of deferred commissions cost22,210 15,477 Changes in operating assets and liabilities:Trade accounts receivable, net24,006 23,113 Operating lease liabilities(3,647)(3,973)Other current assets and Other assets(5,903)(4,342)Deferred commissions cost(28,784)(17,420)Accounts payable(88)(205)Accrued liabilities(45,230)(11,832)Deferred revenue27,953 11,830 Other liabilities(1,107)(505)Net cash provided by operating activities108,450 100,281 Cash flows from investing activitiesPurchase of property and equipment(5,066)(2,711)Purchase of equity securities(6,626)(581)Proceeds from sale of headquarters, net34,849 — Business combination, net of cash acquired(26,015)(21,000)Net cash used in investing activities(2,858)(24,292)Cash flows from financing activitiesRepurchase of common stock(146