Company: CVLT
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001169561-25-000034
Chunk: 74

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-05-05
Form: 10-K
Item: Item 8
Chunk 74
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,633)(15,942)Total stockholders’ equity325,122 278,085 Total liabilities and stockholders’ equity$1,118,266 $943,913 

See accompanying notes to consolidated financial statements

46

Commvault Systems, Inc.

Consolidated Statements of Operations

(In thousands, except per share data)

 Year Ended March 31, 202520242023Revenues:Subscription$589,667 $429,167 $347,784 Perpetual license55,643 57,613 74,918 Customer support307,563 307,771 314,313 Other services42,746 44,696 47,575 Total revenues995,619 839,247 784,590 Cost of revenues:Subscription88,899 58,406 44,482 Perpetual license1,500 2,168 2,439 Customer support57,680 60,752 58,273 Other services30,956 30,284 30,208 Total cost of revenues179,035 151,610 135,402 Gross margin816,584 687,637 649,188 Operating expenses:Sales and marketing434,117 354,994 340,783 Research and development146,286 132,328 141,847 General and administrative138,375 113,997 104,240 Restructuring10,026 4,548 15,452 Change in contingent consideration2,060 — — Depreciation and amortization9,072 6,415 9,270 Impairment charges2,910 — 53,481 Total operating expenses742,846 612,282 665,073 Income (loss) from operations73,738 75,355 (15,885)Interest income6,654 5,423 1,300 Interest expense(416)(415)(472)Other income (expense), net1,077 3,250 (305)Income (loss) before income taxes81,053 83,613 (15,362)Income tax expense (benefit)4,947 (85,293)20,412 Net income (loss)$76,106 $168,906 $(35,774)Net income (loss) per common share:Basic$1.74 $3.85