CVLT
The headline: growth plus cash
Commvault wrapped up fiscal 2026 with a pretty investor-friendly combo platter: solid growth and a fat pile of free cash flow. The company said fourth-quarter free cash flow hit a record $132 million, while total reported ARR rose 21% year over year.
That matters because ARR is basically the software world’s favorite truth serum. It tells you whether customers are sticking around and paying up, not just whether management can toss around fancy slides. Add in $44 million of constant-currency net new ARR, and you’ve got a business that’s still pulling in fresh recurring revenue instead of just polishing the same old base.
Why the Street will care
Commvault also said it hit all of its guided metrics for the quarter and fiscal year. That’s the kind of line investors love to hear after a messy earnings season because it suggests the company isn’t just growing — it’s growing on plan. In a market that often treats enterprise software like a vibe check, hitting the targets is half the battle.
The cash generation is the other half. A record free cash flow quarter gives Commvault more room to invest, buy back shares, or simply look less fragile when the macro clouds start acting dramatic.
Big picture
For investors, this reads like a reminder that cybersecurity and data resilience software can still be a steady compounder when execution is clean. Commvault isn’t trying to be the loudest name in tech — just the one with recurring revenue and real cash to show for it. And honestly? That’s a pretty good business model when the market gets picky.