10-QPeriod: Q1 FY2026

CrowdStrike Holdings, Inc. Quarterly Report for Q1 Ended Apr 30, 2025

Filed June 4, 2025For Securities:CRWD

Summary

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.

Financial Highlights

52 data points
Beta

Revenue

$1.10B

73.9% Gross Margin

Net Income

-$104.26M

-9.4% Net Margin

EPS (Diluted)

$-0.10

Total Assets

$8.72B

Cash & Equivalents

$4.61B

Free Cash Flow

$298.36M

Financial Statements
Beta
Revenue$1.10B
Cost of Revenue$287.88M
Gross Profit$815.56M
R&D Expenses$330.93M
Operating Expenses$934.27M
Operating Income-$118.71M
Net Income-$104.26M
EPS (Basic)$-0.10
EPS (Diluted)$-0.10
Shares Outstanding (Basic)993.73M
Shares Outstanding (Diluted)993.73M

Key Highlights

  • 1Total revenue increased by 20% to $1.1 billion for the three months ended April 30, 2025.
  • 2Net loss attributable to CrowdStrike was $110.2 million, compared to a net income of $42.8 million in the prior year period.
  • 3Operating expenses increased significantly across all categories: Sales & Marketing (26%), R&D (42%), and G&A (59%).
  • 4General & Administrative expenses were heavily impacted by $38.7 million in costs related to the July 19 Incident and related matters.
  • 5ARR grew 22% year-over-year to $4.4 billion.
  • 6The company maintained a strong liquidity position with $4.6 billion in cash and cash equivalents as of April 30, 2025.
  • 7The July 19 Incident has led to elongated sales cycles and increased customer commitment packages, impacting future revenue recognition and potential upsells.

Frequently Asked Questions

CrowdStrike reported a net loss of $110.2 million for the quarter ended April 30, 2025, a significant decrease from a net income of $42.8 million in the same period last year. Total revenue increased by 20% to $1.1 billion, driven by subscription revenue growth. However, operating expenses increased substantially, particularly in general and administrative costs due to expenses related to the July 19 Incident.

The July 19 Incident has had a material impact, primarily reflected in a $38.7 million increase in general and administrative expenses for the quarter. The company also noted that the incident has led to longer sales cycles, delays in customer purchasing decisions, and the introduction of customer commitment packages which may affect future revenue recognition and upsells. Significant legal and professional services expenses are expected to continue.

CrowdStrike demonstrated strong top-line growth, with total revenue increasing by 20% to $1.1 billion for the quarter. Annual Recurring Revenue (ARR) also saw a healthy increase of 22% year-over-year, reaching $4.4 billion as of April 30, 2025. This indicates continued demand for its cybersecurity solutions.

The company ended the quarter with a robust cash and cash equivalents balance of $4.6 billion. This strong liquidity, combined with cash expected from operations and its revolving credit facility, provides sufficient resources to meet its anticipated cash needs for working capital and capital expenditures for at least the next 12 months.