Company: CVLT
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001169561-25-000089
Chunk: 5

Company: COMMVAULT SYSTEMS INC
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 5
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,073)(103,295)Proceeds from stock-based compensation plans6,974 11,100 Proceeds from issuance of convertible notes900,000 — Purchase of capped calls(99,630)— Payment of debt issuance costs(22,242)— Other(30)— Net cash provided by (used in) financing activities638,999 (92,195)Effects of exchange rate — changes in cash16,861 6,523 Net increase (decrease) in cash and cash equivalents761,452 (9,683)Cash and cash equivalents at beginning of period302,103 312,754 Cash and cash equivalents at end of period$1,063,555 $303,071 Supplemental disclosures of noncash activitiesIssuance of common stock for business combination$— $4,900 Operating lease liabilities arising from obtaining right-of-use assets$22,165 $4,467 Debt issuance costs accrued but not paid, included in accrued liabilities$984 $— 

See accompanying unaudited notes to consolidated financial statements

6

Table of ContentsCommvault Systems, Inc.Notes to Consolidated Financial Statements - Unaudited(In thousands, except per share data)

1.    Basis of Presentation

Commvault Systems, Inc. and its subsidiaries ("Commvault," "we," "us," "our," or the "Company") aims to provide its customers cyber resiliency by protecting and recovering their data and cloud-native applications in a world of increasing cyber threats and attacks, including ransomware. We provide products and services across many types of environments, including on-premise, hybrid and multi-cloud. Our offerings are delivered via self-managed software, software-as-a-service ("SaaS"), integrated appliances, or managed by partners. Customers use our Commvault Cloud platform to help protect themselves from threats like ransomware and recover their data efficiently.The consolidated financial statements of Commvault as of September 30, 2025 and for the three and six months ended September 30, 2025 and 2024 are unaudited, and in the opinion of management, include all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of the results for the interim periods. Accordingly, they do not include all the information and footnotes required by U.S. generally accepted accounting principles (“GAAP”) for complete financial statements and should be read in conjunction with the financial statements and notes in our Annual Report on