Commvault Systems Inc. · Q3 2025 earnings

Briefing

Commvault achieved a record-breaking quarter with accelerating revenue growth, driven by its innovative approach to cyber resilience.

Commvault announced its financial results for the fiscal third quarter ended December 31, 2024, reporting a 21% year-over-year increase in total revenues, reaching $262.6 million. The company's total annualized recurring revenue (ARR) grew to $890 million, up 18% year over year, and subscription revenue increased by 39% to $158.3 million.

• Total revenues increased by 21% year-over-year to $262.6 million.
• Total annualized recurring revenue (ARR) grew by 18% year-over-year to $890 million.
• Subscription revenue increased by 39% year-over-year to $158.3 million.
• Operating cash flow was $30.1 million, with free cash flow of $29.9 million.

Headline financials

Revenue & EPS history

Commvault provided guidance for the fourth quarter of fiscal year 2025, expecting total revenues between $260 million and $264 million, subscription revenue between $160 million and $164 million, and a non-GAAP operating margin between 20% and 21%. For the full fiscal year 2025, the company expects total revenues between $980 million and $985 million, total ARR growth between 19% and 20%, subscription revenue between $575 million and $580 million, subscription ARR growth between 28% and 30%, a non-GAAP operating margin between 20% and 21%, and free cash flow between $170 million and $200 million.