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.<h4>Segment Revenue</h4><ul><li>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.<ul><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>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.</li><li>Term-based support revenue was $202.2 million in fiscal year 2026.</li><li>Perpetual support revenue was $118.3 million in fiscal year 2026.</li><li>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.</li></ul></li></ul><h4>Geographic Revenue Disaggregation</h4><ul><li>Americas: Represented 59% of total revenues in fiscal year 2026, with a 16% year over year increase.</li><li>International: Represented 41% of total revenues in fiscal year 2026, with a 24% year over year increase.</li></ul><h4>Operational Metrics</h4><ul><li>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.</li><li>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.<ul><li>Subscription Gross Margin: 83% in fiscal year 2026, down from 85% in fiscal year 2025.</li><li>SaaS Gross Margin: 64% in both fiscal years 2026 and 2025.</li></ul></li><li>Income from Operations: $73,990 thousand in fiscal year 2026, a slight increase from $73,738 thousand in fiscal year 2025.</li><li>Operating Expenses:<ul><li>Sales and marketing: Increased by 20% to $519.7 million in fiscal year 2026, from $434.1 million in fiscal year 2025.</li><li>Research and development: Increased by 11% to $162.2 million in fiscal year 2026, from $146.3 million in fiscal year 2025.</li><li>General and administrative: Increased by 18% to $162.7 million in fiscal year 2026, from $138.4 million in fiscal year 2025.</li><li>Depreciation and amortization: Increased by 14% to $10.3 million in fiscal year 2026, from $9.1 million in fiscal year 2025.</li><li>Restructuring: $32.2 million in fiscal year 2026, compared to $10.0 million in fiscal year 2025.</li></ul></li><li>Interest Income: Increased to $21.8 million in fiscal year 2026, from $6.7 million in fiscal year 2025.</li><li>Income Tax Expense: $21.5 million in fiscal year 2026, compared to $4.9 million in fiscal year 2025.</li></ul><h4>Cash Flow</h4><ul><li>Net cash provided by operating activities: $244.7 million in fiscal year 2026, up from $207.4 million in fiscal year 2025.</li><li>Net cash used in investing activities: -$5.4 million in fiscal year 2026, significantly lower than -$70.4 million in fiscal year 2025.</li><li>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.</li></ul><h4>Unique Metrics</h4><ul><li>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.</li><li>Subscription ARR: $989.3 million as of March 31, 2026, showing 27% growth from $780.1 million as of March 31, 2025.</li><li>SaaS ARR: $400.2 million as of March 31, 2026, with 42% growth from $281.0 million as of March 31, 2025.</li><li>SaaS Net Dollar Retention Rate (SaaS NRR): 122% as of March 31, 2026, compared to 127% as of March 31, 2025.</li></ul><h4>Outlook / Guidance</h4>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. The company believes its current cash and operational cash flows are sufficient to cover cash requirements for at least the next twelve months.

Commvault Systm | 10-K: FY2026 Revenue Beats Estimate at USD 1.184 B