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Commvault Systems, Inc. provides a cyber resilience platform for protecting and recovering data and cloud-native applications in the Americas and internationally. The company offers Operational Recovery, which provides backup, verifiable recovery, and cost-optimized cloud workload mobility to ensure data availability and granular recovery; autonomous recovery for automated disaster and cyber recovery use cases to deliver backup, replication, and disaster recovery for all workloads on-premises, in the cloud, across various clouds, and in hybrid environments; and Cyber Recovery for threat scanning to hunt for threats within backup data, cyber deception, and threat detection to provide early warning of attacks. It also provides Commvault Cloud's Cleanroom Recovery for organizations to be ready to recover by providing a clean, isolated, and on-demand recovery location in the cloud, as well as the ability to test their incident response plans and recover; and Commvault HyperScale X, an intuitive, easy-to-deploy and scale-out, and integrated data protection solution to support enterprises' transformations, such as legacy scale-up infrastructures, hybrid cloud, container, and virtualized environments. In addition, the company offers Commvault Cloud Air Gap Protect, an integrated air-gapped cloud storage target that enables IT organizations to adopt cloud storage to ease digital transformation, reduce risks, and scale; and Commvault's Compliance, which provides built-in reporting, auditing, and logging to help ensure data is not modified or deleted for legal and compliance purposes. Further, it provides Commvault Cloud Rewind to restore an organization's cloud application and data environment; and Commvault's Clumio Backtrack to revert objects and datasets stored in Amazon Simple Storage Service (Amazon S3), as well as professional and customer support services. The company was incorporated in 1996 and is headquartered in Tinton Falls, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $996M | $91M | $76M | $204M | 23.4% | 18.6% | -54.9% |
| 2024 | $839M | $91M | $169M | $200M | 60.7% | 7.0% | - |
| 2023 | $785M | $-5M | $-36M | $167M | -19.2% | 1.9% | -206.4% |
| 2022 | $770M | $54M | $34M | $173M | 13.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 769.59 | 784.59 | 839.25 | 995.62 |
| Cost Of Revenue | 113.86 | 135.40 | 151.61 | 179.03 |
| Gross Profit | 655.73 | 649.19 | 687.64 | 816.58 |
| Operating Expense | 607.97 | 596.14 | 607.73 | 727.85 |
| Operating Income | 47.76 | 53.05 | 79.90 | 88.73 |
| EBITDA | 54.47 | -4.57 | 90.56 | 90.66 |
| EBIT | 43.52 | -14.89 | 84.03 | 81.47 |
| Pretax Income | 43.41 | -15.36 | 83.61 | 81.05 |
| Tax Provision | 9.79 | 20.41 | -85.29 | 4.95 |
| Net Income | 33.62 | -35.77 | 168.91 | 76.11 |
| Net Income Common Stockholders | 33.62 | -35.77 | 168.91 | 76.11 |
| Total Expenses | 721.83 | 731.54 | 759.34 | 906.88 |
| Interest Expense | 0.11 | 0.47 | 0.41 | 0.42 |
| Interest Income | 0.66 | 1.30 | 5.42 | 6.65 |
| Research And Development | 153.62 | 141.85 | 132.33 | 146.29 |
| Selling General And Administration | 444.69 | 445.02 | 468.99 | 572.49 |
| Normalized EBITDA | 60.66 | 64.37 | 95.11 | 105.65 |
| Normalized Income | 38.42 | 18.68 | 172.50 | 90.19 |
| Basic EPS | 0.74 | -0.80 | 3.85 | 1.74 |
| Diluted EPS | 0.71 | -0.80 | 3.75 | 1.68 |
| Tax Effect Of Unusual Items | -1.40 | -14.48 | -0.96 | -0.91 |
| Tax Rate For Calcs | 0.23 | 0.21 | 0.21 | 0.06 |
| Total Unusual Items | -6.19 | -68.93 | -4.55 | -15 |
| Total Unusual Items Excluding Goodwill | -6.19 | -68.93 | -4.55 | -15 |
| Net Income From Continuing Operation Net Minority Interest | 33.62 | -35.77 | 168.91 | 76.11 |
| Reconciled Depreciation | 10.95 | 10.32 | 6.53 | 9.19 |
| Reconciled Cost Of Revenue | 112.58 | 134.35 | 151.50 | 178.92 |
| Net Interest Income | 0.55 | 0.83 | 5.01 | 6.24 |
| Net Income From Continuing And Discontinued Operation | 33.62 | -35.77 | 168.91 | 76.11 |
| Total Operating Income As Reported | 41.57 | -15.88 | 75.36 | 73.74 |
| Diluted Average Shares | 47.22 | 44.66 | 45.10 | 45.19 |
| Basic Average Shares | 45.44 | 44.66 | 43.88 | 43.85 |
| Diluted NI Availto Com Stockholders | 33.62 | -35.77 | 168.91 | 76.11 |
| Net Income Including Noncontrolling Interests | 33.62 | -35.77 | 168.91 | 76.11 |
| Net Income Continuous Operations | 33.62 | -35.77 | 168.91 | 76.11 |
| Other Income Expense | -4.89 | -69.24 | -1.30 | -13.92 |
| Other Non Operating Income Expenses | 1.30 | -0.30 | 3.25 | 1.08 |
| Special Income Charges | -6.19 | -68.93 | -4.55 | -15 |
| Impairment Of Capital Assets | 0 | 53.48 | 0 | 2.91 |
| Restructuring And Mergern Acquisition | 6.19 | 15.45 | 4.55 | 12.09 |
| Net Non Operating Interest Income Expense | 0.55 | 0.83 | 5.01 | 6.24 |
| Interest Expense Non Operating | 0.11 | 0.47 | 0.41 | 0.42 |
| Interest Income Non Operating | 0.66 | 1.30 | 5.42 | 6.65 |
| Depreciation Amortization Depletion Income Statement | 9.67 | 9.27 | 6.42 | 9.07 |
| Depreciation And Amortization In Income Statement | 9.67 | 9.27 | 6.42 | 9.07 |
| Selling And Marketing Expense | 341.64 | 340.78 | 354.99 | 434.12 |
| General And Administrative Expense | 103.05 | 104.24 | 114 | 138.38 |
| Other Gand A | 103.05 | 104.24 | 114 | 138.38 |
| Operating Revenue | 727.33 | 737.01 | 794.55 | 952.87 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Commvault Systems, Inc.this co. | CVLT | $4.4B | 64.04 | 581.49 | 23.4% | 37.72 |
| Belden Inc. | BDC | $5.0B | 21.54 | 3.93 | 18.8% | 13.62 |
| Remitly Global, Inc. | RELY | $4.6B | 70.61 | 5.31 | 7.8% | 46.80 |
| Zeta Global Holdings Corp. | ZETA | $4.4B | - | 5.42 | -3.9% | 52.89 |
| Novanta Inc. | NOVT | $4.3B | 82.24 |
| 3.28 |
| 4.1% |
| 23.79 |
| Navan, Inc. | NAVN | $4.3B | - | 3.53 | -32.9% | -26.01 |
| Fastly, Inc. | FSLY | $4.1B | - | 4.30 | -13.1% | -64.33 |
| nLIGHT, Inc. | LASR | $3.7B | - | 14.66 | -10.3% | -354.68 |
| Webull Corporation | BULL | $3.6B | - | 3.48 | 2.4% | - |
| Peer Median | - | 70.61 | 4.11 | -0.7% | 13.62 | |