COMMVAULT SYSTEMS INC financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data COMMVAULT SYSTEMS INC files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	645	699	711	671	723	770	785	839	996	1,184
Cost of revenue	85.2	98.2	117	117	109	114	135	152	179	223
Gross profit	560	601	594	554	614	656	649	688	817	961
Research and development	79.6	91	92.6	110	133	154	142	132	146	162
Selling and marketing	384	411	370	336	332	342	341	355	434	520
General and administrative	88.9	90.7	101	92.1	92.2	103	104	114	138	163
Operating expenses	561	602	589	571	636	614	665	612	743	887
Operating income	-1.24	-0.95	4.91	-17.5	-22.3	41.6	-15.9	75.4	73.7	74
Interest expense	0.96	1.16	0	0	0	0.11	0.47	0.42	0.42	3.8
Interest income	1.16	2.23	5.52	4.96	1.03	0.66	1.3	5.42	6.65	21.8
Other non-operating income				0	0	1.3	-0.31	3.25	1.08	0.12
Pre-tax income	-1.99	-3.5	10.4	-12.5	-21.2	43.4	-15.4	83.6	81.1	92.1
Income tax	-1.49	58.4	6.87	-6.9	9.72	9.79	20.4	-85.3	4.95	21.5
Net income	-0.51	-61.9	3.56	-5.65	-31	33.6	-35.8	169	76.1	70.7
EBITDA	8.99	10.8	17	-0.44	-6.39	52.5	-5.56	81.8	82.8	84.3
EPS, basic	-0.01	-1.37	0.08	-0.12	-0.66	0.74	-0.80	3.85	1.74	1.61
EPS, diluted	-0.01	-1.37	0.07	-0.12	-0.66	0.71	-0.80	3.75	1.68	1.58
Shares, basic (weighted)	44.7	45.2	45.8	45.8	46.7	45.4	44.7	43.9	43.9	44
Shares, diluted (weighted)	44.7	45.2	47.6	45.8	46.7	47.2	44.7	45.1	45.2	44.7

Balance sheet

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash and equivalents	329	331	328	288	397	268	288	313	302	900
Short-term investments	121	132	130	43.6	0
Receivables	140	162	177	147	188	194	210	223	252	330
Other current assets	15.8	22.2	19.8	27	22.2	22.3	14	21	46.2	56
Total current assets	606	647	655	514	608	484	551	595	635	1,287
Property, plant and equipment	132	129	123	115	113	107	8.29	7.96	8.29	9.75
Lease right-of-use assets				15	20.8	14.9	11.8	10.5	10.1	34.9
Goodwill			0	112	112	128	128	128	185	209
Intangible assets		0	0	46.4	0	3.54	2.29	1.04	20.7	19.7
Other non-current assets	7.27	10.2	11.1	11.7	12.1	26.3	21.9	27.4	46.1	68.4
Total assets	830	819	822	845	904	816	783	944	1,118	1,886
Accounts payable	0.12	0.76	2.19	0.31	0.37	0.43	0.11	0.3	0.37	0.65
Accrued liabilities	78.7	82.3	85.7	87.1	112	122	97.9	117	147	166
Deferred revenue	209	241	238	233	253	267	308	362	403	485
Total current liabilities	288	324	326	329	373	394	410	485	555	658
Lease liabilities				8.81	15.4	11.3	8.26	7.16	6.34	29.7
Other non-current liabilities	4.23	3.31	2.95	2.24	1.53	3.93	3.61	3.56	7.09	14.8
Total liabilities	363	415	431	433	510	560	596	666	793	1,879
Paid-in capital	694	783	888	979	1,070	1,166	1,265	1,350	1,474	1,496
Retained earnings	-216	-374	-485	-554	-666	-899	-1,063	-1,056	-1,134	-1,472
Other comprehensive income	-12.3	-5.47	-11.6	-13.4	-10.4	-11.9	-16.1	-15.9	-15.6	-16.4
Shareholders' equity	467	404	391	412	394	256	186	278	325	7.49
Total equity	467	404	391	412	394	256	186	278	325	7.49
Total liabilities and equity	830	819	822	845	904	816	783	944	1,118	1,886
Shares outstanding	44.8	45.1	45.6	46	46.5	44.5	44.1	43.5	44.1	41.3

Cash flow statement

	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Net income	-0.51	-61.9	3.56	-5.65	-31	33.6	-35.8	169	76.1	70.7
Depreciation and amortization	10.2	11.8	12.1	17.1	15.9	11	10.3	6.42	9.07	10.3
Stock-based compensation	73.9	74.1	80.5	65.9	84.8	105	106	94.6	113	123
Deferred income tax	-11.5	53.7	0.16	-1.78	-0.09	0.05	-0.67	-110	-23.5	7.7
Change in receivables	-16.4	-25.1	-24.1	26.1	-34.6	-20.4	-11.6	-21.7	-25.4	-74
Change in payables	-0.19	0.62	1.49	-2.47	0.05	0.06	-0.3	0.2	-0.95	0.25
Cash from operations	100	84.2	110	88.5	124	177	170	204	207	245
Capital expenditures	-6.42	-7.05	-6.56	-3.2	-8.18	-3.91	-3.24	-4.09	-3.76	-7.53
Acquisitions		0	0	-157	0	-16.9	0	0	-65.3	-25.8
Purchases of investments	-96.3	-142	-130	-43.6	0	0
Cash from investing	-28	-18	-5.26	-74	35.5	-24.4	-5.29	-5.52	-70.4	-5.45
Share buybacks	-50	-112	-133	-77.2	-95.3	-305	-151	-184	-165	-446
Cash from financing	-22.4	-82.1	-90.7	-39.4	-74.7	-276	-136	-171	-148	345
Exchange rate effect	-8.18	17.2	-17	-6.97	16.5	-6.38	-9.15	-2.72	0.19	13.3
Net change in cash	41.4	1.29	-2.79	-31.9	101	-130	20.3	25	-10.7	598
Free cash flow	93.6	77.1	104	85.3	116	173	167	200	204	237
Interest paid	0.68	0.59	0	0	0	0.01	0.25	0.25	0.25	0.67
Income taxes paid	5.41	6.45	11.5	6	2.96	-1.49	15.2	20	42.2	13.6

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $145.54 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	81.1%	Gross profit / revenue.
Operating margin	6.1%	Operating income / revenue.
EBITDA margin	6.8%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	8.0%	Pre-tax income / revenue.
Net margin	5.6%	Net income / revenue.
FCF margin	21.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	21.8%	Cash from operations / revenue.
Effective tax rate	29.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	131.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.6%	Net income / average total assets.
R&D / revenue	13.3%	Research and development expense / revenue.
Stock-based pay / revenue	10.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.5%	Capital expenditures / revenue.
D&A / revenue	0.7%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	18.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	14.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	10.3%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	17.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	14.0%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	9.4%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	0.3%	Operating income vs the same period a year earlier. Only from a positive base.
EBITDA growth, 1y	1.8%	EBITDA vs the same period a year earlier. Only from a positive base.
Net income growth, 1y	-7.2%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-6.0%	EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y	18.0%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	12.8%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	14.6%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	16.5%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	12.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	15.4%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-97.7%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-65.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	-54.7%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	68.7%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	34.1%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	15.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-1.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.9%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.04x	Current assets / current liabilities.
Quick ratio	1.94x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.50x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	97.2%	Total liabilities / total assets.
Interest coverage	15.0x	Operating income / interest expense.
Working capital	$646.9M	Current assets - current liabilities.
Goodwill and intangibles / assets	12.0%	(Goodwill + intangible assets) / total assets.
Tangible book value	-$175.5M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.64x	Revenue / average total assets.
Fixed asset turnover	126x	Revenue / average property, plant and equipment.
Receivables turnover	4.48x	Revenue / average receivables.
Days sales outstanding	82 days	365 x average receivables / revenue.
Days payables	0 days	365 x average accounts payable / cost of revenue.
FCF conversion	378.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.3%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$1.63	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$29.04	Revenue / diluted weighted shares.
FCF per share	$6.17	Free cash flow / diluted weighted shares.
Operating cash flow per share	$6.32	Cash from operations / diluted weighted shares.
Book value per share	$1.26	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	-$4.24	Tangible book value / shares outstanding.
Cash per share	$22.44	(Cash + short-term investments) / shares outstanding.
Buybacks / FCF	170.7%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$6.03B	Share price x shares outstanding.
Enterprise value	$5.10B	Market cap + total debt - cash - short-term investments.
P/E	88.3x	Market cap / net income. Only when net income is positive.
P/S	4.96x	Market cap / revenue.
P/B	116x	Market cap / shareholders' equity. Only when equity is positive.
P/FCF	23.3x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	22.8x	Market cap / cash from operations, when positive.
EV/Sales	4.20x	Enterprise value / revenue.
EV/EBIT	68.4x	Enterprise value / operating income, when both are positive.
EV/EBITDA	61.5x	Enterprise value / EBITDA, when both are positive.
EV/FCF	19.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	4.3%	Free cash flow / market cap.
Earnings yield	1.1%	Net income / market cap (the inverse of P/E).
Shareholder yield	7.3%	(Dividends paid + share buybacks) / market cap.

What was COMMVAULT SYSTEMS INC's revenue in fiscal 2026?

COMMVAULT SYSTEMS INC reported revenue of $1.18B for fiscal 2026, 18.9% higher than the year before.

Was COMMVAULT SYSTEMS INC profitable in fiscal 2026?

Yes. Net income was $70.7M, a net margin of 6%.

How much free cash flow did COMMVAULT SYSTEMS INC generate in fiscal 2026?

Cash from operations of $244.7M minus capital expenditures of $7.5M left free cash flow of $237.2M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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