COMMVAULT SYSTEMS INC CVLT
Commvault Systems, Inc. ("Commvault") is a provider of cyber resiliency solutions designed to help the enterprise protect, secure, and recover their data, applications, and identity systems in a world of increasing cyber threats and attacks. Commvault's offerings provide cyber resilience, including data protection, cyber recovery, data security, and governance, aiming to enable customers continuous business.
Commvault delivers its solutions through Commvault Cloud, a cloud‑native platform that unifies data security, cyber recovery, and identity resilience across on‑premise, hybrid, multi‑cloud, and software‑as‑a‑service ("SaaS") environments. The platform is designed to support enterprise‑scale deployments and enables customers to manage resilience consistently across diverse infrastructure footprints and operating models.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $995.6M | $839.2M | $784.6M | $769.6M | $723.5M | $670.9M | $711.0M | $699.4M | $645.0M |
| Cost of revenue | $223.1M | $179.0M | $151.6M | $135.4M | $113.9M | $109.4M | $117.1M | $117.0M | $98.2M | $85.2M |
| Gross profit | $960.6M | $816.6M | $687.6M | $649.2M | $655.7M | $614.1M | $553.8M | $594.0M | $601.2M | $559.8M |
| R&D | $162.2M | $146.3M | $132.3M | $141.8M | $153.6M | $133.4M | $110.0M | $92.6M | $91.0M | $79.6M |
| SG&A | $162.7M | $138.4M | $114.0M | $104.2M | $103.0M | $92.2M | $92.1M | $100.9M | $90.7M | $88.9M |
| Total operating expenses | $886.6M | $742.8M | $612.3M | $665.1M | $614.2M | $636.4M | $571.3M | $589.0M | $602.2M | $561.1M |
| Operating income | $74.0M | $73.7M | $75.4M | -$15.9M | $41.6M | -$22.3M | -$17.5M | $4.9M | -$946.0K | -$1.2M |
| Interest expense | $3.8M | $416.0K | $415.0K | $472.0K | $109.0K | $0 | $0 | — | — | — |
| Pre-tax income | $92.1M | $81.1M | $83.6M | -$15.4M | $43.4M | -$21.2M | -$12.5M | $10.4M | -$3.5M | -$2.0M |
| Income tax | $21.5M | $4.9M | $85.3M | $20.4M | $9.8M | $9.7M | $6.9M | $6.9M | $58.4M | $1.5M |
| Net income | $70.7M | $76.1M | $168.9M | -$35.8M | $33.6M | -$31.0M | -$5.6M | $3.6M | -$61.9M | -$508.0K |
| EPS, basic | 1.61 | 1.74 | 3.85 | -0.80 | 0.74 | -0.66 | -0.12 | 0.08 | -1.37 | -0.01 |
| EPS, diluted | 1.58 | 1.68 | 3.75 | -0.80 | 0.71 | -0.66 | -0.12 | 0.07 | -1.37 | -0.01 |
| Shares, diluted (wtd. avg.) | $44.7M | $45.2M | $45.1M | $44.7M | $47.2M | $46.7M | $45.8M | $47.6M | $45.2M | $44.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $900.0M | $302.1M | $312.8M | $287.8M | $267.5M | $397.2M | $296.1M | $328.0M | $330.8M | $329.5M |
| Short-term investments | — | — | — | — | — | $0 | $43.6M | $130.3M | $131.6M | $120.7M |
| Receivables | $330.5M | $252.0M | $222.7M | $210.4M | $194.2M | $188.1M | $147.0M | $176.8M | $162.1M | $140.1M |
| Total current assets | $1.29B | $635.1M | $595.1M | $550.9M | $484.1M | $607.6M | $513.7M | $655.0M | $646.8M | $606.1M |
| Property, plant and equipment | $9.8M | $8.3M | $8.0M | $8.3M | $106.5M | $112.8M | $114.5M | $122.7M | $128.6M | $132.3M |
| Goodwill | $209.3M | $185.3M | $127.8M | $127.8M | $127.8M | $112.4M | $112.4M | $0 | — | — |
| Other intangibles | $19.7M | $20.7M | $1.0M | $2.3M | $3.5M | $0 | $46.4M | $0 | $0 | — |
| Total assets | $1.89B | $1.12B | $943.9M | $782.6M | $816.1M | $904.2M | $845.1M | $822.5M | $818.6M | $829.9M |
| Accounts payable | $651.0K | $373.0K | $299.0K | $108.0K | $432.0K | $374.0K | $307.0K | $2.2M | $761.0K | $117.0K |
| Total current liabilities | $658.2M | $555.0M | $484.9M | $410.1M | $394.1M | $373.2M | $328.6M | $326.3M | $324.2M | $287.9M |
| Retained earnings | -$1.47B | -$1.13B | -$1.06B | -$1.06B | -$898.7M | -$665.8M | -$553.8M | -$485.5M | -$373.7M | -$215.7M |
| Total equity | $7.5M | $325.1M | $278.1M | $186.1M | $255.8M | $394.0M | $411.9M | $391.3M | $404.1M | $466.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $244.7M | $207.4M | $203.8M | $170.3M | $177.2M | $124.0M | $88.5M | $110.2M | $84.2M | $100.0M |
| Depreciation and amortisation | $10.3M | $9.1M | $6.4M | $10.3M | $10.9M | $15.9M | $17.1M | $12.1M | $11.8M | $10.2M |
| Stock-based compensation | $123.4M | $113.3M | $94.6M | $105.7M | $105.2M | $84.8M | $65.9M | $80.5M | $74.1M | $73.9M |
| Capital expenditure | $7.5M | $3.8M | $4.1M | $3.2M | $3.9M | $8.2M | $3.2M | $6.6M | $7.0M | $6.4M |
| Investing cash flow | -$5.4M | -$70.4M | -$5.5M | -$5.3M | -$24.4M | $35.5M | -$74.0M | -$5.3M | -$18.0M | -$28.0M |
| Financing cash flow | $345.3M | -$147.8M | -$170.6M | -$135.6M | -$276.1M | -$74.7M | -$39.4M | -$90.7M | -$82.1M | -$22.4M |
| Buybacks | $446.1M | $165.0M | $184.0M | $150.9M | $305.2M | $95.3M | $77.2M | $132.7M | $112.2M | $50.0M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001169561-26-000018.
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