CVLT on Nasdaq

CommVault Systems

Logo: ™/®CommVault Systems, Public domain, via Wikimedia Commons4

American software company

Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

$1.2BRevenue, fiscal 20265
$70.7MNet income, fiscal 20265
1996Founded1

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  • TickerCVLT on Nasdaq1
  • Industryinformation technology1
  • HeadquartersTinton Falls1
  • Websitewww.commvault.com
  • Legal formDelaware corporation1
  • Incorporated inDE6
  • Business address1 Commvault Way, Tinton Falls, Nj 077246
  • Filer categoryLarge accelerated filer6

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Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

81.2%Gross margin5
6.3%Operating margin5
6.0%Net margin5
18.9%Revenue growth, 20265
942.8%Return on equity5
$237.2MFree cash flow5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Term-based Software, Licenses brought in 38% of the revenue CommVault Systems broke down this way in fiscal 2026.

  1. Term-based Software, Licenses$435.3M538%up 18% from 2025
  2. Software As A Service$333.0M529%up 52% from 2025
  3. Term-based Software, Support$202.2M518%up 19% from 2025
  4. Perpetual Support$118.3M510%down 15% from 2025
  5. Perpetual License$43.2M54%down 22% from 2025
Products and services by year
Products and services202420252026
Term-based Software, Licenses$303.0M$370.4M$435.3M
Software As A Service$126.2M$219.3M$333.0M
Term-based Software, Support$143.7M$169.2M$202.2M
Perpetual Support$164.0M$138.4M$118.3M
Perpetual License$57.6M$55.6M$43.2M

Regions

Americas brought in 30% of the revenue CommVault Systems broke down this way in fiscal 2026.

  1. Americas$702.9M530%up 16% from 2025
  2. United States$631.0M527%up 18% from 2025
  3. Rest of the world$552.7M523%up 20% from 2025
  4. International$480.8M520%up 24% from 2025
Regions by year
Regions202420252026
Americas$498.5M$608.0M$702.9M
United States$437.6M$534.5M$631.0M
Rest of the world$401.7M$461.1M$552.7M
International$340.7M$387.7M$480.8M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue19¢$223.1M
  • Research and development14¢$162.2M
  • Other costs60¢$706.2M
  • Income tax2¢$21.5M
  • Profit6¢$70.7M

Out of $1.2B in revenue.5

Where each dollar of operating cash went, fiscal 2026

  • Capital spending2¢$7.5M
  • Share buybacks98¢$446.1M

Out of $244.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue891011125$1.2B in 2026+66% since 2019
0$500.0M$1.0B$1.5B2019: $711.0M$711.0M20192020: $670.9M$670.9M2020−6%2021: $723.5M$723.5M2021+8%2022: $769.6M$769.6M2022+6%2023: $784.6M$784.6M2023+2%2024: $839.2M$839.2M2024+7%2025: $995.6M$995.6M2025+19%2026: $1.2B$1.2B2026+19%
Gross profit891011125$960.6M in 2026+62% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $594.0M$594.0M20192020: $553.8M$553.8M2020−7%2021: $614.1M$614.1M2021+11%2022: $655.7M$655.7M2022+7%2023: $649.2M$649.2M2023−1%2024: $687.6M$687.6M2024+6%2025: $816.6M$816.6M2025+19%2026: $960.6M$960.6M2026+18%
Operating income891011125$74.0M in 2026+1408% since 2019
-$25.0M0$25.0M$50.0M$75.0M$100.0M2019: $4.9M$4.9M20192020: -$17.5M-$17.5M20202021: -$22.3M-$22.3M2021+27%2022: $41.6M$41.6M20222023: -$15.9M-$15.9M20232024: $75.4M$75.4M20242025: $73.7M$73.7M2025−2%2026: $74.0M$74.0M2026+0%
Net income891011125$70.7M in 2026+1884% since 2019
-$100.0M0$100.0M$200.0M2019: $3.6M$3.6M20192020: -$5.6M-$5.6M20202021: -$31.0M-$31.0M2021+448%2022: $33.6M$33.6M20222023: -$35.8M-$35.8M20232024: $168.9M$168.9M20242025: $76.1M$76.1M2025−55%2026: $70.7M$70.7M2026−7%

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2026-03-312025-03-312024-03-31
Total revenues$1.2B$995.6M$839.2M
Total cost of revenues$223.1M$179.0M$151.6M
Gross margin$960.6M$816.6M$687.6M
Sales and marketing$519.7M$434.1M$355.0M
Research and development$162.2M$146.3M$132.3M
General and administrative$162.7M$138.4M$114.0M
Depreciation and amortization$10.3M$9.1M$6.4M
Restructuring$32.2M$10.0M$4.5M
Change in contingent consideration-$545.0K$2.1M$0
Impairment charges$0$2.9M$0
Total operating expenses$886.6M$742.8M$612.3M
Income from operations$74.0M$73.7M$75.4M
Interest income$21.8M$6.7M$5.4M
Interest expense-$3.8M-$416.0K-$415.0K
Other income, net$119.0K$1.1M$3.2M
Income before income taxes$92.1M$81.1M$83.6M
Income tax expense (benefit)$21.5M$4.9M-$85.3M
Net income$70.7M$76.1M$168.9M
Basic (in dollars per share)$1.61$1.74$3.85
Diluted (in dollars per share)$1.58$1.68$3.75
Basic (in shares)44.0M shares43.9M shares43.9M shares
Diluted (in shares)44.7M shares45.2M shares45.1M shares

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The story

Commvault was originally formed in 1988 as a development group in Bell Labs focused on data management, backup, and recovery; it was later designated a business unit of AT&T Network Systems. After becoming a part of Lucent Technologies, the unit was sold in 1996 and became a corporation, with Scotty R. Neal as CEO.

In March 1998, Bob Hammer joined Commvault as chairman, president and CEO, and Al Bunte joined as vice president and COO. In 2000, the company began releasing products aimed at managing network storage. In March 2006, Commvault filed for an initial public offering, and officially went public later that year as CVLT on NASDAQ. At the end of 2013, the company moved from its space in Oceanport, New Jersey, to its new headquarters at the former Fort Monmouth in Tinton Falls, New Jersey.

On February 5, 2019, Sanjay Mirchandani replaced the retiring Hammer as president and CEO, and Nick Adamo was announced as chairman of the board. Mirchandani joined Commvault from Puppet, an Oregon-based IT automation company, where he served as CEO.

In June 2024, the company received FedRAMP certification for its Commvault Cloud for Government data protection services.

In January 2026, Commvault introduced Commvault Cloud Unified Data Vault, a cloud-native service that offers air-gapped protection and resilience to data stored via the S3 protocol.

From Wikipedia’s article on Commvault, shared under CC BY-SA 4.0.7

Leadership

Who has led CommVault Systems, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. N. Robert Hammer2006–2019
  2. Sanjay Mirchandani2019–now

Chair

  1. N. Robert Hammer2006–2019

President

  1. N. Robert Hammer2006–2019
  2. Sanjay Mirchandani2019–2026
  3. William Geoffrey Haydon2026–now

Chief financial officer

  1. Louis Miceli2006–2012
  2. Brian Carolan2012–2022
  3. Gary Merrill2022–2024
  4. Jennifer Leigh Dirico2024–now

Chief operating officer

  1. Al Bunte2006–2019
200020052010201520202025
Board members and other officers (29)

Products and brands

Commvault's main product is a data protection platform that supports cloud, hyperscale, and other environments. It is split into three packages including operational recovery, cyber recovery, and autonomous recovery.

Commvault provides consulting services for customers, advising in the set-up of new data management systems from the architecture design to the implementation and monitoring. In the remote managed service, Commvault manages the software in production for their customers.

From Wikipedia’s article on Commvault, shared under CC BY-SA 4.0.7

Acquisitions

On September 4, 2019, Commvault announced that it would acquire software-defined storage startup Hedvig, with the acquisition valued at $225 million. The acquisition was completed in October 2019.

On February 1, 2022, Commvault announced that it has acquired Israel based cyber security company TrapX.

On April 16, 2024, Commvault announced the acquisition of Appranix, a company specializing in Cyber Recovery in cloud platforms.

In September 2024, Commvault announced the planned acquisition of Clumio, which provides autonomous backup and recovery of cloud data; the acquisition is expected to close in October 2024, be funded with cash on hand, and be immediately accretive to ARR and revenue.

Read the full text

In July 2025, Commvault announced intent to acquire Data and AI Security company Satori Cyber; the acquisition was completed in August 2025.

From Wikipedia’s article on Commvault, shared under CC BY-SA 4.0.7

Timeline

  1. Feb 5, 2019New chief executive Sanjay Mirchandani becomes CEO17
  2. Sep 21, 2006New chief executive N. Robert Hammer becomes CEO18
  3. 2006Went public Listed on NASDAQ1
  4. 1996Founded Founded1

Filings

489 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 42 major events, 249 insider forms, 20 large holders, 158 other. The latest 20:

  1. Oct 13, 20264 EDGAR
  2. Sep 29, 20263 EDGAR
  3. Sep 24, 20268-K EDGAR
  4. Sep 15, 20264 EDGAR
  5. Sep 11, 2026144 EDGAR
  6. Sep 2, 20264 EDGAR
  7. Aug 20, 2026144 EDGAR
  8. Aug 19, 20264 EDGAR
  9. Aug 19, 2026144 EDGAR
  10. Aug 19, 2026144 EDGAR
  11. Aug 19, 2026144 EDGAR
  12. Aug 19, 20264 EDGAR
  13. Aug 19, 20264 EDGAR
  14. Aug 18, 2026144 EDGAR
  15. Aug 18, 2026144 EDGAR
  16. Aug 18, 2026144 EDGAR
  17. Aug 17, 2026144 EDGAR
  18. Aug 17, 2026144 EDGAR
  19. Aug 12, 20264 EDGAR
  20. Aug 10, 2026144 EDGAR

The 489 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 20 such filings since October 2021, the latest 10:

  1. Apr 29, 2026SCHEDULE 13G
  2. Apr 29, 2026SCHEDULE 13G
  3. Mar 26, 2026SCHEDULE 13G/A
  4. Feb 14, 2024SC 13G/A
  5. Feb 13, 2024SC 13G/A
  6. Feb 13, 2024SC 13G/A
  7. Jan 23, 2024SC 13G/A
  8. Feb 14, 2023SC 13G/A
  9. Feb 9, 2023SC 13G/A
  10. Jan 31, 2023SC 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.6,035,560$855.4M0.0%+90,389
Vanguard Portfolio Management LLC3,635,604$515.3M0.0%+25,967
Vanguard Capital Management LLC1,863,409$264.1M0.0%−120,526
Aqr Capital Management LLC1,837,030$260.4M0.1%+812,768
Ameriprise Financial Inc1,739,733$246.6M0.0%+1,684,538
State Street Corp1,684,474$238.8M0.0%+19,812
Geode Capital Management, LLC1,225,290$173.7M0.0%+28,960
Pictet Asset Management Holding SA1,200,448$170.2M0.2%−38,777
Jpmorgan Chase & Co1,125,580$162.6M0.0%+577,434
First Trust Advisors LP1,091,705$154.7M0.1%+97,003
Victory Capital Management Inc924,591$131.0M0.1%+747,982
Congress Asset Management Co923,066$130.8M0.8%+154,420
Morgan Stanley871,084$123.5M0.0%+14,131
Renaissance Technologies LLC848,898$120.3M0.2%−248,765
Schroder Investment Management Group649,439$93.6M0.1%+37,868
Alliancebernstein L.P.1,115,465$86.9M0.0%+1,025,811
Charles Schwab Investment Management Inc591,674$83.9M0.0%+8,143
Northern Trust Corp581,605$82.4M0.0%+9,892
Jacobs Levy Equity Management, Inc581,002$82.3M0.3%+299,819
Global Alpha Capital Management Ltd.494,473$70.1M4.2%+126,002
Manufacturers Life Insurance Company, The464,016$65.8M0.1%+7,559
American Capital Management Inc440,931$62.5M2.8%−99,914
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.435,958$61.8M0.1%+415,190
Dimensional Fund Advisors LP429,911$60.9M0.0%+868
Wellington Management Group Llp402,054$57.0M0.0%+146,055

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

7 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Dec 5, 2025Josh GottheimerDemocratic, HouseSale$1,001 - $15,000−10.7%Report
Nov 3, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−6.7%Report
Oct 3, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−32.6%Report
Sep 23, 2025Josh GottheimerDemocratic, HouseBuy$1,001 - $15,000−38.6%Report
Sep 11, 2025Lisa C. McClainRepublican, HouseSale$1,001 - $15,000+35.0%Report
Aug 15, 2025Gilbert Ray Cisneros, Jr.Democratic, HouseBuy$1,001 - $15,000−37.1%Report
Aug 13, 2025Lisa C. McClainRepublican, HouseBuy$1,001 - $15,000−41.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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