Company: CVLT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001169561-25-000069
Chunk: 1

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 1
---
 of Contents

Commvault Systems, Inc.

Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

 Three Months Ended June 30, 20252024Revenues:Subscription:Term-based license$109,282 $80,405 Software-as-a-service72,445 43,675 Total subscription181,727 124,080 Perpetual license7,335 13,736 Customer support79,021 76,288 Other services13,895 10,568 Total revenues281,978 224,672 Cost of revenues:Subscription:Term-based license2,242 1,778 Software-as-a-service25,972 15,762 Total subscription28,214 17,540 Perpetual license245 337 Customer support14,207 14,263 Other services8,111 7,648 Total cost of revenues50,777 39,788 Gross margin231,201 184,884 Operating expenses:Sales and marketing122,479 95,950 Research and development40,062 33,104 General and administrative41,270 30,795 Depreciation and amortization2,607 1,928 Restructuring 237 4,679 Change in contingent consideration(545)— Total operating expenses206,110 166,456 Income from operations25,091 18,428 Interest income2,009 1,802 Interest expense(278)(104)Other income, net61 528 Income before income taxes26,883 20,654 Income tax expense3,387 2,127 Net income$23,496 $18,527 Net income per common share:Basic$0.53 $0.42 Diluted$0.52 $0.41 Weighted average common shares outstanding:Basic44,326 43,678 Diluted45,283 44,986 

See accompanying unaudited notes to consolidated financial statements

2

Commvault Systems, Inc.

Consolidated Statements of Comprehensive Income 

(In thousands)

(Unaudited)

 Three Months Ended June 30, 20252024Net income$23,496 $18,527 Other comprehensive income (loss):Foreign currency translation adjustment, net of tax986 (39)Comprehensive income$24,482 $18,488 

See