UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 1-33026 Commvault Systems, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No ...

Financial Performance - Commvault Systems reported quarterly earnings of $1.03 per share, exceeding the analyst consensus estimate of 93 cents per share [1] - The company achieved quarterly sales of $275.04 million, surpassing the analyst consensus estimate of $262.43 million [1] Growth Metrics - Commvault ended the year with over 12,000 subscription customers and reported a 45% increase in subscription revenue in Q4 [2] - The company provided FY2026 sales guidance of $1.130 billion to $1.140 billion, compared to estimates of $1.10 billion [2] Stock Performance and Analyst Ratings - Commvault shares fell 1.3% to trade at $166.52 following the earnings announcement [3] - Analysts have adjusted their price targets for Commvault, with RBC Capital raising it from $175 to $185, Wells Fargo from $180 to $190, and Oppenheimer from $180 to $200 [8]

Commvault Systems (CVLT) Q4 2025 Earnings Call April 29, 2025 01:27 PM ET Speaker0 Thank you for standing by. At this time, I would like to welcome everyone to the Commvault Q4 Fiscal Year twenty twenty five Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. Thank you. I would now like to turn the conference over to Mike Melnick, Head of Investor Relations. Please go ahead. Speaker1 Good morn ...

Commvault Fiscal Q4'25 Earnings Presentation APRIL 2025 © Commvault 2025 Forward-Looking Statements This presentation contains forward-looking statements regarding future events or the expected financial performance of our company, including statements about our outlook for future periods and related guidance. Commvault does not provide forward-looking guidance on a GAAP basis as certain financial information, the probable significance of which cannot be determined, is not available and cannot be reasonably ...

Core Insights - Commvault Systems reported a revenue of $275.04 million for the quarter ended March 2025, reflecting a year-over-year increase of 23.2% [1] - The company's EPS was $1.03, up from $0.79 in the same quarter last year, indicating strong earnings growth [1] - Revenue exceeded the Zacks Consensus Estimate of $263.03 million by 4.56%, and EPS surpassed the consensus estimate of $0.93 by 10.75% [1] Financial Performance Metrics - Annualized Recurring Revenue (ARR) was reported at $930.05 million, slightly above the estimated $913.07 million [4] - Revenue from perpetual licenses was $14.96 million, exceeding the average estimate of $12.41 million, but showing a year-over-year decline of 1.5% [4] - Revenue from other services was $10.34 million, below the average estimate of $10.71 million, representing a year-over-year decrease of 7.7% [4] - Customer support revenue was $76.51 million, slightly below the estimated $77.24 million, with a year-over-year change of -0.7% [4] - Subscription revenue significantly increased to $173.23 million, surpassing the average estimate of $159.03 million, marking a year-over-year growth of 44.5% [4] Stock Performance - Commvault's shares have returned +5.2% over the past month, contrasting with a -0.8% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Commvault Systems (CVLT) reported quarterly earnings of $1.03 per share, exceeding the Zacks Consensus Estimate of $0.93 per share, and up from $0.79 per share a year ago, representing an earnings surprise of 10.75% [1] - The company achieved revenues of $275.04 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 4.56%, and up from $223.29 million year-over-year [2] - Commvault has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] Earnings Outlook - The immediate price movement of Commvault's stock will largely depend on management's commentary during the earnings call [3] - The current consensus EPS estimate for the upcoming quarter is $0.98 on revenues of $262.8 million, and for the current fiscal year, it is $4.03 on revenues of $1.1 billion [7] Industry Context - The Computer - Software industry, to which Commvault belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [8] - The performance of Commvault's stock may also be influenced by the overall industry outlook, as top-ranked industries tend to outperform lower-ranked ones significantly [8]

Commvault Systems (CVLT) Q4 2025 Earnings Call April 29, 2025 08:30 AM ET Company Participants Michael Melnyk - Head, IRSanjay Mirchandani - President and Chief Executive OfficerJen DiRico - CFOParam Singh - Executive Director Conference Call Participants Eric Heath - Vice President - Equity Research AnalystAaron Rakers - Managing Director & Technology AnalystRudy Kessinger - Managing Director - Senior Equity Research AnalystJames Fish - MD & Senior Research AnalystHoward Ma - Director & Equity Research Ana ...

Revenue Growth - Total revenues for Q4 2025 were $275 million, representing a 23% year-over-year increase[5] - Subscription revenue reached $173 million in Q4 2025, up 45% year-over-year[5] - Total annualized recurring revenue (ARR) grew to $930 million, a 21% increase year-over-year[5] - Full year total revenues were $996 million, reflecting a 19% year-over-year growth[5] - Full year subscription revenue was $590 million, up 37% year-over-year[5] - Total revenues for the fiscal year ended March 31, 2025, were $995.619 million, a significant increase from $839.247 million in the previous year, representing a growth of approximately 18.6%[24] - Subscription revenues for the fourth quarter were $173.228 million, up from $119.873 million in the same quarter last year, reflecting a growth of approximately 44.5%[24] Cash Flow and Financial Position - Operating cash flow for the full year was $207 million, with free cash flow of $204 million[5] - Cash flow from operations for the full fiscal year was $207 million, compared to $203.798 million in the previous year[29] - As of March 31, 2025, cash and cash equivalents were approximately $302 million[26] - The company repurchased approximately 1,215,000 shares for $165 million during the fiscal year[5] - During the fiscal year, Commvault repurchased $165 million worth of common stock, approximately 1,215,000 shares, at an average price of $135.77 per share[22] Operating Performance - Income from operations (EBIT) for the fourth quarter was $27 million, with an operating margin of 9.7%[22] - Operating expenses for the fiscal year increased to $742.846 million from $612.282 million, representing a rise of approximately 21.3%[24] - GAAP income from operations for Q1 2025 was $26,727 million, up from $18,190 million in Q1 2024, representing a 47% increase[31] - Non-GAAP income from operations for Q1 2025 was $59,097 million, compared to $45,216 million in Q1 2024, reflecting a 31% growth[31] Net Income - Non-GAAP net income for the fourth quarter was $46 million, or $1.03 per diluted share[22] - The company reported a GAAP net income of $76.106 million for the fiscal year, down from $168.906 million in the previous year[29] - GAAP net income for the year ended March 31, 2025, was $76,106 million, down from $168,906 million in the previous year, indicating a decline of 55%[31] - Non-GAAP net income for the year ended March 31, 2025, increased to $164,954 million from $134,364 million, marking a 23% rise[31] Future Projections - For Q1 2026, total revenues are expected to be between $266 million and $270 million[11] - Subscription revenue for Q1 2026 is projected to be between $166 million and $170 million[11] - Subscription ARR is expected to grow between 22% and 23% year-over-year for fiscal 2026[11] Tax and Compensation - The company reported a non-GAAP effective tax rate reduction from 27% to 24% starting in fiscal 2025[41] - The estimated non-GAAP effective tax rate for Commvault is adjusted to 24% for fiscal 2025, down from 27% for fiscal 2024[51] - Commvault believes that the 24% tax rate aligns more closely with its effective tax rate expectations over the next few years[51] - Total stock-based compensation expense for Q1 2025 was $28,840 million, up from $21,093 million in Q1 2024, reflecting a 37% increase[38] Acquisitions - Commvault incurred costs related to the acquisitions of Appranix, Inc. and Clumio, Inc. during fiscal 2025, including legal, accounting, and advisory services[51] Miscellaneous - Commvault's annualized recurring revenue (ARR) metric is designed to provide insights into the value of its recurring revenue streams[50] - The company does not provide forward-looking guidance on a GAAP basis due to the unavailability of certain financial information[50]

TINTON FALLS, N.J., April 29, 2025 /PRNewswire/ -- Commvault [Nasdaq: CVLT] today announced its financial results for the fourth quarter and fiscal year ended March 31, 2025. "It was a record-breaking year at Commvault," said Sanjay Mirchandani, President and CEO. "Commvault surpassed all key metrics, ended the year with over 12,000 subscription customers, and is firmly positioned as a growth company with subscription revenue up 45% in Q4. We continue to deliver cloud-first innovations that solve a hard pro ...

Commvault extends the power of its advanced Cleanroom Recovery technology to managed service providers focused on keeping enterprises resilient TINTON FALLS, N.J., April 28, 2025 /PRNewswire/ -- Commvault, a leading provider of cyber resilience and data protection solutions for the hybrid cloud, today announced highly differentiated capabilities with its Cleanroom Recovery offering that usher in a new era in end-to-end recovery following cyberattacks.Studies show that it takes enterprises 24 days, on averag ...