Short answer
COMMVAULT SYSTEMS INC (CVLT) filed its fiscal 2025 10-K annual report with the SEC on May 5, 2025. It reported revenue of $996M (+18.6% year over year) and net income of $76M.
- Top risk flagged: No specific or timely regulatory/legal risk detailed in the risk factors section
FY2025 key financial metrics · XBRL
- Revenue
- $996M
- +18.6% YoY
- Net income
- $76M
- −54.9% YoY
- Operating margin
- 7.4%
- −1.6 pp YoY
- Gross margin
- 82.0%
- +0.1 pp YoY
- EPS (diluted)
- $1.68
- −55.2% YoY
- ROE
- 23.4%
- −37.3 pp YoY
- Operating cash flow
- $207M
- +1.8% YoY
Source: XBRL data from the COMMVAULT SYSTEMS INC (CVLT) FY2025 10-K on SEC EDGAR. USD.
COMMVAULT SYSTEMS INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Cyber resilience platform providing data protection and rapid recovery across on-premises, hybrid, and multi-cloud environments via SaaS, software, appliances, or partners
- Emphasis on expanded Commvault Cloud packages: Operational, Autonomous, and Cyber Recovery with new cloud-native threat scanning and automated recovery features
- Strategic shift towards AI-powered support via Arlie assistant and enhanced cybersecurity and AI partner integrations for advanced threat detection and recovery
- Employee count steady at approximately 3,300 globally, with 260,000 training hours completed in fiscal 2025 demonstrating strong investment in workforce development
- Sales through Arrow distribution accounted for 35% of total revenues, showcasing importance of strategic reseller partnerships compared to 36% in prior year
Management Discussion & Analysis
- Revenue $978.5M, up 19% YoY (+$156.4M), driven by subscription revenue growth (+$160.5M, +37%) and offset by perpetual license (-$2.0M, -3%) and other services (-4%) declines
- Gross margin stable at 82% YoY; subscription margin declined to 85% from 86%, customer support margin up to 81% from 80%, other services margin down to 28% from 32%
- Best segment: Subscription revenue $669M, 59% of total, grew 37% YoY including 74% SaaS increase; Worst: Other services revenue declined 4%, margin declined to 28% from 32%
- Operating expenses up: Sales & marketing $439M (+22%), R&D $134M (+11%), G&A $139M (+21%); restructuring charges $10M in FY25 vs $4.5M prior year
- No direct cash flow or capital allocation data disclosed; acquisitions (Clumio, Appranix) increased costs and expenses
- Forward outlook: risks from indirect channel reliance, restructuring execution risks, foreign exchange impacts noted; no explicit guidance provided
Risk Factors
- No specific or timely regulatory/legal risk detailed in the risk factors section
- No geopolitical or macroeconomic threat specified with concrete exposure detail
- Cybersecurity operational risk managed by Executive Security Council with monthly meetings during incidents
- No competitive or market disruption risk identified involving named competitor or technology
- Key-person dependency risk on current CSO with 20+ years experience and multiple certifications
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