Summary
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.
Financial Highlights
50 data points| Revenue | $1.23B |
| Cost of Revenue | $307.81M |
| Gross Profit | $926.44M |
| R&D Expenses | $347.56M |
| Operating Expenses | $995.88M |
| Operating Income | -$69.44M |
| Net Income | -$34.00M |
| EPS (Basic) | $-0.14 |
| EPS (Diluted) | $-0.14 |
| Shares Outstanding (Basic) | 251.33M |
| Shares Outstanding (Diluted) | 251.33M |
Key Highlights
- 1Total revenue for the three months ended October 31, 2025, was $1.23 billion, a 22% increase year-over-year.
- 2Subscription revenue grew 21% to $1.17 billion, representing 95% of total revenue.
- 3Net loss for the quarter widened to $34.0 million from $16.8 million in the prior year, impacted by increased operating expenses.
- 4Operating expenses increased by 23% to $995.9 million, driven by higher sales and marketing, R&D, and G&A costs.
- 5Annual Recurring Revenue (ARR) grew 23% to $4.9 billion as of October 31, 2025.
- 6The company reported $4.8 billion in cash and cash equivalents, indicating a strong liquidity position.
- 7CrowdStrike completed multiple acquisitions during the nine-month period, including Pangea Cyber Corporation, Onum Technology Inc., and Adaptive Shield, to expand its platform capabilities.