CRWD 10-Q Quarterly Reports

CrowdStrike Holdings, Inc. reported robust revenue growth in the third quarter of fiscal year 2026, with total revenue reaching $1.23 billion, a 22% increase year-over-year. Subscription revenue continues to be the primary driver, growing 21% to $1.17 billion. Despite top-line growth, the company reported a net loss of $34.0 million for the quarter, widening from a $16.8 million net loss in the prior year period. This widened loss is attributed to a significant increase in operating expenses, particularly in research and development and general and administrative costs, which rose 26% and 32% respectively. The company also highlighted the ongoing impact of the July 19 Incident, noting increased legal expenses and longer sales cycles, although dollar-based net retention rates improved sequentially. Operationally, CrowdStrike continues to invest heavily in its platform and headcount, evident in the substantial increases in sales and marketing, R&D, and G&A expenses. The company's cash position remains strong with $4.8 billion in cash and cash equivalents, and net cash provided by operating activities was $1.1 billion for the nine-month period. The company completed several acquisitions during the nine months, including Pangea Cyber Corporation, Onum Technology Inc., and Adaptive Shield, which are expected to drive future growth and expand its cybersecurity offerings.

CrowdStrike Holdings, Inc. reported its financial results for the quarter ended July 31, 2025, showing a notable increase in total revenue, up 21% year-over-year to $1.17 billion. This growth was primarily driven by a 20% increase in subscription revenue, reflecting continued customer acquisition and expansion. The company also saw a significant increase in professional services revenue, which grew by 45%. Despite revenue growth, CrowdStrike reported a net loss of $77.7 million for the quarter, a significant deterioration from the net income of $47.0 million in the prior year's quarter. This net loss was influenced by a substantial increase in operating expenses, particularly in sales and marketing (up 26%), research and development (up 38%), and general and administrative expenses (up 67%). The substantial rise in G&A expenses was largely attributed to costs related to the July 19 incident. Annual Recurring Revenue (ARR) reached $4.7 billion, a 20% increase year-over-year, showcasing the company's strong recurring revenue base. The dollar-based net retention rate remained strong, though the company noted potential impacts on sales cycles and customer purchasing decisions due to the July 19 incident. The company ended the quarter with a healthy cash and cash equivalents balance of nearly $5.0 billion. The ongoing legal proceedings and inquiries related to the July 19 incident continue to be a significant factor impacting operating expenses and the company's financial outlook.

CrowdStrike Holdings, Inc. reported a net loss of $110.2 million for the three months ended April 30, 2025, a significant shift from the net income of $42.8 million in the same period last year. This loss was primarily driven by a substantial increase in operating expenses, particularly in sales and marketing (up 26%), research and development (up 42%), and general and administrative expenses (up 59%). The latter was heavily impacted by $38.7 million in expenses related to the July 19 Incident and associated legal matters. Despite the net loss, total revenue saw a healthy 20% increase year-over-year, reaching $1.1 billion, driven by strong subscription revenue growth. Annual Recurring Revenue (ARR) also grew by 22% to $4.4 billion. However, the company noted that the July 19 Incident has led to longer sales cycles and a strategic plan aimed at improving operational efficiencies, suggesting potential impacts on future growth rates and profitability. The company ended the quarter with a strong cash position of $4.6 billion, providing ample liquidity.

CrowdStrike Holdings, Inc. reported solid financial results for the third quarter of fiscal year 2025, demonstrating continued top-line growth in its core subscription revenue. Total revenue increased by 29% year-over-year to $1.01 billion, primarily driven by a 31% surge in subscription revenue, highlighting the sustained demand for its cybersecurity platform. Despite a notable increase in operating expenses, particularly in sales and marketing and research and development, the company's gross profit remained strong at $755 million, with a consistent gross margin of 75% for subscriptions. However, the company experienced a net loss of $16.8 million for the quarter, a reversal from the net income reported in the prior year's comparable period. This shift is largely attributable to increased operating expenses, including significant investments in growth and expenses related to the July 19th incident, which also impacted sales cycles. Management expects these elevated expenses and longer sales cycles to continue affecting performance in future periods. Despite the quarterly loss, the company's Annual Recurring Revenue (ARR) reached $4.02 billion, reflecting a 27% year-over-year increase, and its dollar-based net retention rate stood at a healthy 115%, indicating strong customer loyalty and expansion. Financially, CrowdStrike maintains a strong liquidity position with $4.3 billion in cash and cash equivalents. While the company is navigating ongoing legal proceedings and associated expenses from the July 19th incident, its core business continues to show resilience. Investors should monitor the impact of increased operating expenses and the ongoing resolution of legal matters, while noting the sustained strength in ARR and customer retention as key positive indicators.

CrowdStrike Holdings, Inc. reported solid financial results for the quarter ending July 31, 2024, demonstrating continued strong top-line growth with total revenue increasing by 32% year-over-year to $963.9 million. Subscription revenue, the primary driver of growth, was up 33% to $918.3 million. The company achieved a positive income from operations of $13.7 million, a significant improvement from a loss in the prior year's quarter. This growth was achieved despite the "Channel File 291 Incident" in July, which has led to increased operating expenses, particularly in sales and marketing, and research and development, as the company incurs costs related to remediation, legal proceedings, and customer relations. Despite the impact of the incident, CrowdStrike maintained its annual recurring revenue (ARR) growth at 32%, reaching $3.9 billion. The company's balance sheet remains strong with $4.0 billion in cash and cash equivalents, providing ample liquidity. The management continues to invest in growth initiatives, which is reflected in the increased operating expenses. While the incident has caused some elongation of sales cycles and increased expenses, the core business appears resilient, with subscription gross margins remaining strong at 78%. Investors will closely monitor the company's ability to manage the ongoing fallout from the incident and maintain its growth trajectory.

CrowdStrike Holdings, Inc. reported a strong first quarter for fiscal year 2025, demonstrating significant top-line growth and a return to profitability. Total revenue surged by 33% year-over-year to $921.0 million, primarily driven by a robust 34% increase in subscription revenue. The company also saw a positive shift to profitability, reporting a net income of $46.3 million for the quarter, a substantial increase from a net income of $0.5 million in the prior year period. This financial performance underscores CrowdStrike's continued execution and market traction in the cybersecurity sector, supported by consistent demand for its cloud-native platform. The company also highlighted its growing Annual Recurring Revenue (ARR), which reached $3.6 billion, reflecting a 33% year-over-year increase and indicating strong customer retention and expansion. Despite increased operating expenses related to growth investments, particularly in sales and marketing and research and development, CrowdStrike managed to improve its operating income significantly, signaling efficient scaling and strong operational leverage.

CrowdStrike Holdings, Inc. reported strong financial results for the third quarter of fiscal year 2024, showcasing robust year-over-year growth. Total revenue reached $786.0 million, a 35% increase compared to the prior year's third quarter, driven primarily by subscription revenue which grew 34% to $733.5 million. The company demonstrated improved profitability, moving from a net loss of $55.0 million in the prior year's third quarter to a net income of $26.7 million in the current quarter. This turnaround was supported by a significant improvement in gross margin, which increased to 75% from 73% year-over-year, indicating effective cost management and economies of scale. The company also saw a substantial increase in cash flow from operations, highlighting strong cash generation capabilities. Key operational highlights include continued expansion of Annual Recurring Revenue (ARR) to $3.15 billion, a 35% increase year-over-year, reflecting sustained customer demand and expansion. The company also completed the acquisition of Bionic Technology for $238.7 million in cash, which is expected to enhance its Application Security Posture Management capabilities. Despite investments in growth, including increased sales and marketing and research and development expenses, CrowdStrike is demonstrating a clear path to profitability and strong operational execution, positioning it well for future growth in the cybersecurity market.

CrowdStrike Holdings, Inc. reported strong performance for the second quarter of fiscal year 2024, with total revenue reaching $731.6 million, a significant increase of 37% year-over-year. Subscription revenue, the primary driver of growth, was up 36% to $690.0 million, indicating continued strong demand for its cloud-native cybersecurity platform. The company demonstrated improved operational efficiency, with gross profit increasing by 39% and gross margin expanding to 75%. While operating expenses also increased, driven by investments in sales, marketing, and R&D to support growth, the company managed to reduce its operating loss from $48.3 million in the prior year's quarter to $15.4 million. This indicates a positive trend towards profitability as revenue growth outpaces expense growth. Financially, CrowdStrike maintained a healthy liquidity position with $3.2 billion in cash and cash equivalents. The company also reported positive cash flow from operations of $545.7 million for the first six months of the fiscal year. The increase in interest income was a notable contributor to the company's improved net income, which turned positive at $8.5 million for the quarter, a significant improvement from a net loss of $49.3 million in the same quarter last year. Overall, the report signals robust top-line growth, improving profitability metrics, and a strong financial foundation for future expansion.

CrowdStrike Holdings, Inc. reported strong revenue growth in its first quarter of fiscal year 2024, with total revenue increasing by 42% year-over-year to $692.6 million. This growth was primarily driven by a 42% increase in subscription revenue, highlighting the continued demand for its cloud-native cybersecurity solutions. The company also demonstrated improved profitability, moving from a net loss of $30.4 million in the prior year's quarter to a net income of $0.5 million. This turnaround, coupled with robust operating cash flow of $300.9 million, signals positive financial momentum. Key operational metrics remain strong, with Annual Recurring Revenue (ARR) reaching $2.7 billion, a 42% increase year-over-year. The dollar-based net retention rate exceeded 120%, indicating strong customer loyalty and expansion. Despite increased operating expenses, particularly in sales and marketing and research and development to fuel future growth, the company's gross profit margin improved to 76%, driven by efficiencies in its subscription services. CrowdStrike's solid balance sheet, with $2.8 billion in cash and cash equivalents, provides ample liquidity for continued investment and strategic initiatives.

CrowdStrike Holdings, Inc. reported strong year-over-year revenue growth of 53% for the third quarter of fiscal year 2023, reaching $580.9 million. Subscription revenue, which forms the vast majority of their income, increased by 53% to $547.4 million, driven by new customer acquisition and expansion of existing customer contracts. The company continues to invest heavily in sales and marketing, and research and development, leading to an operating loss of $56.4 million for the quarter, an increase from the prior year's loss of $40.3 million. Despite the ongoing net loss, CrowdStrike's cash position remains robust, with $2.5 billion in cash and cash equivalents at the end of the quarter, and a significant increase in net cash provided by operating activities to $667.7 million for the first nine months of the fiscal year. The company added 1,460 net new subscription customers, bringing the total to 21,146, a 44% increase year-over-year. Annual Recurring Revenue (ARR) grew by 54% to $2.3 billion. The dollar-based net retention rate remained strong, exceeding 120%. These key metrics indicate continued market traction and effective customer expansion strategies. Management remains focused on investing in growth and expanding its cloud-native cybersecurity platform, which positions the company for continued long-term expansion in the cybersecurity market.

CrowdStrike Holdings, Inc.'s 10-Q filing for the period ending July 30, 2022, shows a strong top-line performance with total revenue increasing by 58% year-over-year to $535.2 million for the second quarter. This growth was primarily driven by a 60% increase in subscription revenue, reflecting the company's successful land-and-expand strategy and continued customer acquisition, with subscription customers growing 51% year-over-year to 19,686. Despite robust revenue growth, the company reported a net loss of $49.3 million for the quarter, an improvement from a net loss of $57.3 million in the prior year's comparable quarter. This improved profitability was driven by a 60% increase in gross profit, outpacing the 50% rise in total operating expenses. The company continues to invest heavily in sales and marketing, and research and development to support its rapid growth and maintain its competitive position in the cybersecurity market.

CrowdStrike Holdings, Inc. reported strong revenue growth for the first quarter of fiscal year 2023, with total revenue increasing by 61% year-over-year to $487.8 million. This growth was primarily driven by its subscription-based offerings, which saw a 64% increase. Despite the robust top-line performance, the company reported a net loss of $30.4 million for the quarter, an improvement from the $82.9 million net loss in the same period last year. This indicates continued investment in growth initiatives, such as sales and marketing, and research and development, which are essential for maintaining its competitive edge in the cybersecurity market. The company also demonstrated solid operational cash flow generation, with net cash provided by operating activities of $215.0 million, a significant increase from the prior year. This strong cash flow, coupled with a substantial cash balance of $2.2 billion, provides ample liquidity for future operations and strategic investments. Key growth metrics remain positive, with subscription customers growing by 57% year-over-year to 17,945 and Annual Recurring Revenue (ARR) reaching $1.9 billion, a 61% increase.

CrowdStrike Holdings, Inc.'s (CRWD) Form 10-Q filing for the period ending October 30, 2021, primarily outlines significant risks and uncertainties facing the company. As a rapidly growing entity in the evolving cloud-based SaaS endpoint security market, CrowdStrike faces challenges in customer acquisition, retention, and competition from established and emerging players. The company emphasizes its limited operating history, making future predictions difficult and increasing investment risk. The report highlights the ongoing impact of the COVID-19 pandemic, which could adversely affect sales cycles, customer spending, and overall revenue. Furthermore, CrowdStrike's reliance on its cloud-native Falcon platform necessitates continuous innovation and adaptation to sophisticated cyber threats. Potential disruptions in data center operations, intense competition, and the critical need to maintain brand reputation and customer trust are central themes. Investors should be aware of the substantial number of risk factors detailed, which are typical for a high-growth technology company operating in a dynamic cybersecurity landscape.

CrowdStrike Holdings, Inc. (CRWD) filed its 10-Q for the period ending July 30, 2021, on August 31, 2021. The filing primarily consists of risk factors and legal/regulatory disclosures, indicating the company is operating in a dynamic and challenging market. A significant portion of the filing focuses on the inherent risks associated with CrowdStrike's business model, including its limited operating history, the competitive landscape of cybersecurity, reliance on cloud-based SaaS solutions, and potential impacts of the COVID-19 pandemic. The company emphasizes its ongoing efforts to innovate and expand its Falcon platform while acknowledging the challenges in customer acquisition, retention, and the need for continuous technological advancement to counter evolving cyber threats. Investors should note the company's proactive management of these risks through strategic partnerships, sales force expansion, and robust cybersecurity measures.

CrowdStrike Holdings, Inc. reported strong revenue growth for the first quarter of fiscal year 2022, with total revenue increasing by 70% year-over-year to $302.8 million. This growth was primarily driven by a significant increase in subscription revenue, which rose by 73% to $281.2 million, reflecting an 82% year-over-year increase in subscription customers to 11,420. The company also saw a substantial increase in its Annual Recurring Revenue (ARR), which grew by 74% to $1.2 billion. Despite the impressive top-line growth, CrowdStrike continued to report an operating loss, widening from $22.6 million in the prior year period to $31.3 million. This was largely due to increased investments in sales and marketing, and research and development, which grew by 53% and 93% respectively. The company also incurred a significant income tax expense related to an intercompany sale of intellectual property, contributing to a net loss of $82.9 million. However, the company's cash flow from operations remained strong, increasing by 50% to $147.5 million, and free cash flow also saw a healthy increase to $117.3 million. The company also completed a significant acquisition of Humio Limited for $369.9 million, which is expected to enhance its cloud log management and observability capabilities, contributing to substantial goodwill and intangible assets on the balance sheet.

CrowdStrike Holdings, Inc.'s 10-Q filing for the period ending October 30, 2020, primarily focuses on forward-looking risk factors and corporate governance. As an "emerging growth company" until January 31, 2021, CrowdStrike has utilized certain exemptions from regulatory requirements, which may impact comparability with other companies. The company emphasizes potential dilution from future stock issuances and outlines various provisions in its charter documents and bylaws designed to deter hostile takeovers and influence control, including a dual-class stock structure and a classified board. Significant risks highlighted relate to the challenges of being a new public company, including the strain on resources for compliance with Sarbanes-Oxley Act requirements, potential weaknesses in internal controls, and the diversion of management attention. The company also notes the risks associated with future acquisitions, such as integration challenges, potential dilution, and unforeseen liabilities. Furthermore, CrowdStrike addresses the potential limitations on its ability to utilize net operating loss carryforwards and tax attributes due to ownership changes, as well as potential liabilities related to sales and use taxes in various jurisdictions. The impact of evolving accounting standards and the inherent uncertainties in management's estimates and judgments, especially in the context of the COVID-19 pandemic, are also underscored.

CrowdStrike Holdings, Inc. (CRWD) filed its 10-Q for the period ending July 30, 2020, on September 2, 2020. As an emerging growth company, CrowdStrike continues to leverage certain exemptions from regulatory requirements, which may affect comparability with other companies and potentially influence investor perception of its Class A common stock. The company's corporate structure includes a dual-class stock system and provisions that could make a change of control more difficult for potential acquirers and limit the ability of stockholders to replace board members or current management. These structural elements, including the board's ability to issue preferred stock without stockholder approval, are important considerations for investors assessing governance and potential dilution risks.

CrowdStrike Holdings, Inc. (CRWD) filed its 10-Q for the period ending April 29, 2020, on June 2, 2020. As an emerging growth company, CrowdStrike continues to leverage certain exemptions from public company reporting requirements, which may impact comparability with other companies. Investors should be aware of potential dilution from future stock issuances, as the company has significant authorized but unissued shares. The report also highlights structural provisions within the company's charter documents that could influence control and governance, including its dual-class stock structure, which grants considerable voting power to Class B stockholders.

CrowdStrike Holdings, Inc. (CRWD) reported its third-quarter fiscal year 2020 results for the period ending October 30, 2019. The company demonstrated substantial year-over-year revenue growth, with total revenue increasing by 88% to $125.1 million for the quarter and by 94% to $329.3 million for the nine-month period. This growth was primarily driven by a significant surge in subscription revenue, which rose by 98% year-over-year for the quarter and 103% for the nine months, reflecting strong customer acquisition and expansion. The company's customer base more than doubled year-over-year, reaching 4,561 subscription customers by October 31, 2019. Despite robust top-line growth and an improvement in subscription gross margin to 74% for the quarter, CrowdStrike continued to operate at a loss, with a net loss of $35.5 million for the third quarter and $113.4 million for the nine months, reflecting continued significant investments in sales and marketing, research and development, and general administrative expenses, compounded by increased stock-based compensation. The company successfully closed its initial public offering (IPO) in June 2019, raising substantial capital. Financially, CrowdStrike's balance sheet shows significant growth in deferred revenue, reaching $447.6 million as of October 31, 2019, indicating strong future revenue potential. The company also reported a positive cash flow from operations of $33.8 million for the nine months ended October 31, 2019, a significant improvement from the prior year's negative cash flow. However, investing activities show a substantial use of cash for purchases of marketable securities and property and equipment. The company ended the period with a strong liquidity position, with over $743 million in cash and cash equivalents and $90 million in marketable securities. The company's focus remains on expanding its Security Cloud platform and acquiring new customers, which is driving its substantial revenue growth but also incurring significant operating expenses.

CrowdStrike Holdings, Inc. reported strong revenue growth for the period ending July 30, 2019, with total revenue increasing by 94% year-over-year to $108.1 million. This growth was primarily driven by a 98% increase in subscription revenue, indicating strong customer adoption and expansion of their platform usage. The company's customer base more than doubled, growing by 111% to 3,789 subscription customers. Despite this significant revenue growth and improved gross margins (71% overall, with subscription gross margin at 74%), the company continues to operate at a loss, with a net loss of $51.9 million for the quarter. This loss is largely attributed to substantial investments in sales and marketing (60% of revenue) and research and development (29% of revenue), as well as a significant increase in general and administrative expenses (28% of revenue), partly due to increased stock-based compensation following their recent IPO. The company ended the period with a strong cash position of $732.8 million, bolstered by the IPO proceeds.

CrowdStrike Holdings, Inc. reported its first quarterly report as a public company, covering the period ending April 30, 2019. The company demonstrated substantial top-line growth, with total revenue more than doubling year-over-year to $96.1 million, driven primarily by a 116% increase in subscription revenue. This growth was fueled by a significant expansion in its customer base, which grew by 105% to 3,059 subscription customers. Despite the strong revenue growth, CrowdStrike continued to operate at a loss, with a net loss of $26.0 million for the quarter. However, the operating loss decreased year-over-year, and the company also saw improvements in its gross margin, which rose to 70% from 59% in the prior year's comparable period. This improvement was attributed to increased operational efficiencies and optimized channel partner programs. The company also reported positive cash flow from operations of $1.4 million for the quarter, a notable improvement from the prior year's negative cash flow. Key financial highlights include an Annual Recurring Revenue (ARR) of $364.6 million, up 114% year-over-year, and a dollar-based net retention rate consistently above 100%, indicating strong customer expansion. The company's significant investments in sales and marketing and research and development are expected to continue driving growth, but also contribute to ongoing operating losses. The period also saw the company successfully close its Initial Public Offering (IPO) shortly after the quarter's end, providing a substantial capital infusion to support its growth initiatives.