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Commvault Systems cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$70.9M in Q2 FY27 · $256M over twelve months

Operating cash flow$74.8M
Capital spending−$3.9M
Free cash flow+$70.9M
Cash / net income2.6×
Cash conversion cycle81 days

Analysis

In Q2 FY27, Commvault Systems generated $74.8M of operating cash flow and spent $3.9M on capital projects, leaving free cash flow of $70.9M. That is $2.7M less than in Q2 FY26 ($73.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $263M; the largest uses were buybacks ($418M), other investing ($8.4M), capital spending ($7.0M); besides operations, cash came from shares issued ($14.1M), acquisitions ($200K); the cash balance fell by $166M.

Operating cash flow was $74.8M against net income of $29.1M — 2.6× profit, cash ran ahead of reported earnings. The largest differences: stock-based pay +$35.8M, accrued liabilities +$18.1M, receivables −$9.6M.

Its cash conversion cycle was 81 days (receivables 81 + inventory 0 − payables 1).

Free cash flow

Commvault Systems: free cash flow by quarterCommvault Systems: free cash flow by quarter$29.9MQ3 FY25$76.2MQ4 FY25$29.8MQ1 FY26$73.6MQ2 FY26$1.9MQ3 FY26$132MQ4 FY26$51.1MQ1 FY27$70.9MQ2 FY27
Operating cash flow less capital spending.
Commvault Systems: operating cash flow against capital spendingCommvault Systems: operating cash flow against capital spendingOperating cash flowCapital spending$30.1M$262KQ3 FY25$77.0M$783KQ4 FY25$31.7M$1.9MQ1 FY26$76.8M$3.2MQ2 FY26$4.0M$2.1MQ3 FY26$132M$344KQ4 FY26$51.7M$569KQ1 FY27$74.8M$3.9MQ2 FY27
Latest (Q2 FY27): Operating cash flow $74.8M, Capital spending $3.9M.

Capital allocation, year by year

Commvault Systems: where the cash came from (up) and went (down), by fiscal yearCommvault Systems: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksFY22: Operating cash flow $177MFY22: Shares issued $29.8MFY22: Capital spending −$3.9MFY22: Acquisitions −$16.9MFY22: Buybacks −$305M$207MFY22FY23: Operating cash flow $170MFY23: Shares issued $15.4MFY23: Capital spending −$3.2MFY23: Buybacks −$151M$186MFY23FY24: Operating cash flow $204MFY24: Shares issued $13.4MFY24: Capital spending −$4.1MFY24: Buybacks −$184M$217MFY24FY25: Operating cash flow $207MFY25: Shares issued $17.5MFY25: Capital spending −$3.8MFY25: Acquisitions −$65.3MFY25: Buybacks −$165M$225MFY25FY26: Operating cash flow $245MFY26: Net borrowing $900MFY26: Shares issued $14.5MFY26: Asset sales $34.8MFY26: Capital spending −$7.5MFY26: Acquisitions −$25.8MFY26: Buybacks −$446M$1.2BFY26
Over these 5 years operating cash flow totalled $1.0B; the largest uses were buybacks ($1.3B) and acquisitions ($108M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$897M
Debtnone
Net cash$897M

Commvault Systems funds itself: free cash flow was $256M over the last twelve months, with $897M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Commvault Systems: sources (+) and uses (−) of cash, Q2 FY27Commvault Systems: sources (+) and uses (−) of cash, Q2 FY27Buybacks−$108MOperating cash flow$74.8MCash drawn (+) / kept (−)$32.6MOther financing$6.5MCapital spending−$3.9MExchange rates−$2.0MOther investing−$144K
Commvault Systems: sources (+) and uses (−) of cash, TTM to Q2 FY27Commvault Systems: sources (+) and uses (−) of cash, TTM to Q2 FY27Buybacks−$418MOperating cash flow$263MCash drawn (+) / kept (−)$166MShares issued$14.1MExchange rates−$8.7MOther investing−$8.4MCapital spending−$7.0MOther financing−$1.4MAcquisitions$200K

From profit to cash

Commvault Systems: net income to operating cash flow, Q2 FY27Commvault Systems: net income to operating cash flow, Q2 FY27Net income$29.1MDepreciation & amortization$2.8MStock-based pay$35.8MDeferred taxes$4.2MOther non-cash$67KReceivables−$9.6MPayables$341KAccrued liabilities$18.1MDeferred revenue$169KPrepaid and other assets−$5.3MOther liabilities$347KOperating cash flow$74.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q2 FY2781—181
Q1 FY2787—187
Q4 FY26100—199
Q3 FY2687—087
Q2 FY2682—081
Q1 FY2682—082
Q4 FY2586—085
Q3 FY2582—081

Every quarter

QuarterOperating cash flowCapital spendingAcquisitionsBuybacksShares issuedCash drawn (+) / kept (−)Free cash flow
Q2 FY27$74.8M−$3.9M—−$108M—$32.6M$70.9M
Q1 FY27$51.7M−$569K—−$10.1M—−$29.9M$51.1M
Q4 FY26$132M−$344K$200K−$259M$7.5M$126M$132M
Q3 FY26$4.0M−$2.1M—−$40.7M—$37.2M$1.9M
Q2 FY26$76.8M−$3.2M−$26.0M−$131M$7.0M−$700M$73.6M
Q1 FY26$31.7M−$1.9M—−$15.1M—−$61.1M$29.8M
Q4 FY25$77.0M−$783K$598K−$29.8M$6.4M−$58.5M$76.2M
Q3 FY25$30.1M−$262K−$44.9M−$31.9M—$59.5M$29.9M

Commvault Systems: income statement and cash flow

Commvault Systems, Q2 FY27: revenue $312M (+13% year over year), operating margin 9.7%. The chart follows the revenue to costs, profit and cash.

Commvault Systems: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.