Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 1

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 1
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See accompanying unaudited notes to consolidated financial statements

1

Table of Contents

Commvault Systems, Inc.

Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

 Three Months Ended September 30,Six Months Ended September 30, 2025202420252024Revenues:Subscription:Term-based license$92,647 $84,427 $201,929 $164,832 Software-as-a-service80,018 49,611 152,463 93,286 Total subscription172,665 134,038 354,392 258,118 Perpetual license12,073 10,522 19,408 24,258 Customer support80,229 77,688 159,250 153,976 Other services11,221 11,030 25,116 21,598 Total revenues276,188 233,278 558,166 457,950 Cost of revenues:Subscription:Term-based license2,414 2,371 4,656 4,149 Software-as-a-service29,187 17,161 55,159 32,923 Total subscription31,601 19,532 59,815 37,072 Perpetual license194 441 439 778 Customer support14,847 15,311 29,054 29,574 Other services8,402 7,578 16,513 15,226 Total cost of revenues55,044 42,862 105,821 82,650 Gross margin221,144 190,416 452,345 375,300 Operating expenses:Sales and marketing122,240 101,947 244,719 197,897 Research and development39,859 33,839 79,921 66,943 General and administrative42,553 34,173 83,823 64,968 Depreciation and amortization2,572 2,013 5,179 3,941 Restructuring 1,429 566 1,666 5,245 Change in contingent consideration— — (545)— Impairment charges— 2,910 — 2,910 Total operating expenses208,653 175,448 414,763 341,904 Income from operations12,491 14,968