--- title: "Commvault Systm | 10-K: FY2026 Revenue Beats Estimate at USD 1.184 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/285943609.md" datetime: "2026-05-11T12:40:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285943609.md) - [en](https://longbridge.com/en/news/285943609.md) - [zh-HK](https://longbridge.com/zh-HK/news/285943609.md) --- # Commvault Systm | 10-K: FY2026 Revenue Beats Estimate at USD 1.184 B Revenue: As of FY2026, the actual value is USD 1.184 B, beating the estimate of USD 1.179 B. EPS: As of FY2026, the actual value is USD 1.58, missing the estimate of USD 1.7914. EBIT: As of FY2026, the actual value is USD 55.98 M. #### Segment Revenue - **Total Revenues**: Commvault Systems, Inc. reported total revenues of $1,183.7 million for fiscal year 2026, an increase of 19% year over year from $995.6 million in fiscal year 2025. - **Subscription Revenue**: Total subscription revenue grew by 30% year over year to $768.3 million in fiscal year 2026, up from $589.7 million in fiscal year 2025. - **Term-based license revenue**: Increased by 18% year over year to $435.3 million in fiscal year 2026, compared to $370.4 million in fiscal year 2025. - **SaaS revenue**: Increased by 52% year over year to $333.0 million in fiscal year 2026, up from $219.3 million in fiscal year 2025. - **Perpetual license revenue**: Decreased by -22% year over year to $43.2 million in fiscal year 2026, down from $55.6 million in fiscal year 2025. - **Customer support revenue**: Increased by 4% year over year to $320.4 million in fiscal year 2026, from $307.6 million in fiscal year 2025. - Term-based support revenue was $202.2 million in fiscal year 2026. - Perpetual support revenue was $118.3 million in fiscal year 2026. - **Other services revenue**: Increased by 21% year over year to $51.7 million in fiscal year 2026, from $42.7 million in fiscal year 2025. #### Geographic Revenue Disaggregation - **Americas**: Represented 59% of total revenues in fiscal year 2026, with a 16% year over year increase. - **International**: Represented 41% of total revenues in fiscal year 2026, with a 24% year over year increase. #### Operational Metrics - **Net Income**: Commvault Systems, Inc. reported net income of $70,657 thousand in fiscal year 2026, compared to $76,106 thousand in fiscal year 2025. - **Gross Margin**: Total gross margin was $960.6 million (81% of total revenues) in fiscal year 2026, compared to $816.6 million (82% of total revenues) in fiscal year 2025. - **Subscription Gross Margin**: 83% in fiscal year 2026, down from 85% in fiscal year 2025. - **SaaS Gross Margin**: 64% in both fiscal years 2026 and 2025. - **Income from Operations**: $73,990 thousand in fiscal year 2026, a slight increase from $73,738 thousand in fiscal year 2025. - **Operating Expenses**: - **Sales and marketing**: Increased by 20% to $519.7 million in fiscal year 2026, from $434.1 million in fiscal year 2025. - **Research and development**: Increased by 11% to $162.2 million in fiscal year 2026, from $146.3 million in fiscal year 2025. - **General and administrative**: Increased by 18% to $162.7 million in fiscal year 2026, from $138.4 million in fiscal year 2025. - **Depreciation and amortization**: Increased by 14% to $10.3 million in fiscal year 2026, from $9.1 million in fiscal year 2025. - **Restructuring**: $32.2 million in fiscal year 2026, compared to $10.0 million in fiscal year 2025. - **Interest Income**: Increased to $21.8 million in fiscal year 2026, from $6.7 million in fiscal year 2025. - **Income Tax Expense**: $21.5 million in fiscal year 2026, compared to $4.9 million in fiscal year 2025. #### Cash Flow - **Net cash provided by operating activities**: $244.7 million in fiscal year 2026, up from $207.4 million in fiscal year 2025. - **Net cash used in investing activities**: -$5.4 million in fiscal year 2026, significantly lower than -$70.4 million in fiscal year 2025. - **Net cash provided by (used in) financing activities**: $345.3 million in fiscal year 2026, a shift from -$147.8 million used in fiscal year 2025. #### Unique Metrics - **Total Annualized Recurring Revenue (ARR)**: $1,121.6 million as of March 31, 2026, representing 21% growth from $930.1 million as of March 31, 2025. - **Subscription ARR**: $989.3 million as of March 31, 2026, showing 27% growth from $780.1 million as of March 31, 2025. - **SaaS ARR**: $400.2 million as of March 31, 2026, with 42% growth from $281.0 million as of March 31, 2025. - **SaaS Net Dollar Retention Rate (SaaS NRR)**: 122% as of March 31, 2026, compared to 127% as of March 31, 2025. #### Outlook / Guidance Commvault Systems, Inc. anticipates approximately $2.0 million in additional restructuring costs in fiscal year 2027 and a contingent business expense of $5.0 million to $10.0 million in the first half of fiscal year 2027 for strategic pricing initiatives. 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