COMMVAULT SYSTEMS INC (CVLT) FY2025 10-K Annual Report
COMMVAULT SYSTEMS INC (CVLT) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on May 5, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
COMMVAULT SYSTEMS INC FY2025 10-K Analysis
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
COMMVAULT SYSTEMS INC FY2025 Key Financial MetricsXBRL
Revenue
$996M
▲ +18.6% YoY
Net Income
$76M
▼ -54.9% YoY
Gross Margin
82.0%
▲ +8bp YoY
Operating Margin
7.4%
▼ -157bp YoY
Net Margin
7.6%
▼ -1248bp YoY
ROE
23.4%
▼ -3733bp YoY
Total Assets
$1.1B
▲ +18.5% YoY
EPS (Diluted)
$1.68
▼ -55.2% YoY
Operating Cash Flow
$207M
▲ +1.8% YoY
Source: XBRL data from COMMVAULT SYSTEMS INC FY2025 10-K filing on SEC EDGAR. All figures in USD.
Get deeper insights on COMMVAULT SYSTEMS INC
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.