Commvault Q3 2025 Earnings Report
Key Takeaways
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.
Commvault
Commvault
Commvault Revenue by Geographic Location
Forward Guidance
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.
Positive Outlook
- Total revenues are expected to be between $260 million and $264 million for Q4 2025.
- Subscription revenue is expected to be between $160 million and $164 million for Q4 2025.
- Non-GAAP operating margin is expected to be between 20% and 21% for Q4 2025.
- Total revenues are expected to be between $980 million and $985 million for full year 2025.
- Free cash flow is expected to be between $170 million and $200 million for full year 2025.