Summary
CrowdStrike Holdings, Inc. reported strong year-over-year revenue growth of 54% for the fiscal year ending January 31, 2023, reaching $2.24 billion. Subscription revenue remains the dominant contributor, growing 55% to $2.11 billion. The company continues to expand its customer base, with a 41% increase in subscription customers, reaching over 23,000. Annual Recurring Revenue (ARR) also saw robust growth, up 48% to $2.6 billion. Despite significant revenue growth, CrowdStrike reported a net loss of $183.2 million for the fiscal year, reflecting continued investment in sales and research and development to capitalize on the large market opportunity. The company maintains a strong liquidity position with $2.5 billion in cash and cash equivalents.
Financial Highlights
53 data points| Revenue | $2.24B |
| Cost of Revenue | $601.23M |
| Gross Profit | $1.64B |
| R&D Expenses | $608.36M |
| Operating Expenses | $1.83B |
| Operating Income | -$190.11M |
| Interest Expense | $25.32M |
| Net Income | -$183.25M |
| EPS (Basic) | $-0.79 |
| EPS (Diluted) | $-0.79 |
| Shares Outstanding (Basic) | 233.14M |
| Shares Outstanding (Diluted) | 233.14M |
Key Highlights
- 1Total revenue increased by 54% to $2.24 billion in FY23, driven by a 55% rise in subscription revenue to $2.11 billion.
- 2Subscription customers grew by 41% year-over-year, reaching 23,019.
- 3Annual Recurring Revenue (ARR) increased by 48% to $2.6 billion.
- 4Dollar-based net retention rate remained strong, at 125.3% as of January 31, 2023.
- 5The company reported a net loss of $183.2 million for FY23, continuing its investment-driven growth strategy.
- 6Cash and cash equivalents stood at $2.5 billion as of January 31, 2023, indicating a strong liquidity position.
- 7Cloud-native architecture and a single lightweight agent are highlighted as key competitive differentiators.