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2024 ANNUAL REPORT
COMMVAULT 2024 ANNUAL REPORT INTRODUCTION About Us Commvault is leading the charge to protect the world against ransomware and other cyber threats by helping companies reduce risk, minimize downtime, and control costs. The new Commvault Cloud, powered by Metallic AI, represents decades of innovation, industry leadership, customer trust, and a deep ecosystem of partnerships. It s the only cyber resilience platform built for the hybrid world, offering the best data security for all workloads, anywhere combined with the rapid, enterprise-scale recovery. To learn more, visit commvault.com Finance These gures are in thousands, with the exception of Headcount. All data is based on scal years ended March 31. INCOME STATEMENT 2020 2021 2022 2023 2024 $670,885 $723,472 $769,591 $784,590 $839,247 $87,492 $137,464 $161,682 $159,902 $177,472 Non-GAAP Operating Income Margin1 13.0% 19.0% 21.0% 20.4% 21.1% BALANCE SHEET 2020 2021 2022 2023 2024 Cash, Cash Equivalents, and Short-Term Investments $339,727 $397,237 $267,507 $287,778 $312,754 Total Assets $845,076 $904,173 $816,080 $782,574 $943,913 2020 2021 2022 2023 2024 $88,464 $123,955 $177,180 $170,288 $203,798 2,533 2,671 2,848 2,779 2,882 Revenue Non-GAAP Operating Income1 SELECTED ADDITIONAL INFORMATION Operating Cash Flow Headcount 2024 Commvault 1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to our earnings press releases found on our website.
COMMVAULT 2024 ANNUAL REPORT INTRODUCTION Key Figures Total ARR1, +15% YoY Subscription ARR1, +25% YoY Free Cash Flow1 Patents Issued Worldwide Consecutive Leader in the Gartner Magic Quadrant for Data Center Backup and Recovery Solutions 2024 Commvault 1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to our earnings press releases found on our website.
2024 ANNUAL REPORT 2024 Commvault
 • shareholder letter icon 7/8/2024 Letter Continued (Full PDF)
 • stockholder letter icon 7/11/2023 CVLT Stockholder Letter
 • stockholder letter icon More "Application Software" Category Stockholder Letters
 • Benford's Law Stocks icon CVLT Benford's Law Stock Score = 84


CVLT Shareholder/Stockholder Letter Transcript:

2024 ANNUAL REPORT

COMMVAULT 2024 ANNUAL REPORT
INTRODUCTION
About Us
Commvault is leading the charge to protect the world against ransomware and other cyber threats
by helping companies reduce risk, minimize downtime, and control costs. The new Commvault   Cloud,
powered by Metallic   AI, represents decades of innovation, industry leadership, customer trust, and a
deep ecosystem of partnerships. It   s the only cyber resilience platform built for the hybrid world, offering
the best data security for all workloads, anywhere combined with the rapid, enterprise-scale recovery.
To learn more, visit commvault.com
Finance
These    gures are in thousands, with the exception of Headcount. All data is based on    scal years ended March 31.
INCOME STATEMENT
2020
2021
2022
2023
2024
$670,885
$723,472
$769,591
$784,590
$839,247
$87,492
$137,464
$161,682
$159,902
$177,472
Non-GAAP Operating Income Margin1
13.0%
19.0%
21.0%
20.4%
21.1%
BALANCE SHEET
2020
2021
2022
2023
2024
Cash, Cash Equivalents, and Short-Term Investments
$339,727
$397,237
$267,507
$287,778
$312,754
Total Assets
$845,076
$904,173
$816,080
$782,574
$943,913
2020
2021
2022
2023
2024
$88,464
$123,955
$177,180
$170,288
$203,798
2,533
2,671
2,848
2,779
2,882
Revenue
Non-GAAP Operating Income1
SELECTED ADDITIONAL INFORMATION
Operating Cash Flow
Headcount
   2024 Commvault
1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based
compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to
our earnings press releases found on our website.

COMMVAULT 2024 ANNUAL REPORT
INTRODUCTION
Key Figures
Total ARR1, +15% YoY
Subscription ARR1,
+25% YoY
Free Cash Flow1
Patents Issued
Worldwide
Consecutive Leader in the
Gartner Magic Quadrant for
Data Center Backup and
Recovery Solutions
   2024 Commvault
1 Non-GAAP operating results exclude certain expenses, including non-cash stock-based
compensation. For a detailed reconciliation of GAAP and non-GAAP results, please refer to
our earnings press releases found on our website.

2024 ANNUAL REPORT
   2024 Commvault



shareholder letter icon 7/8/2024 Letter Continued (Full PDF)
 

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