01—Abstract
Summary
Summary of the 10-Q filed June 4, 2026. Cited figures are marked; the original filing is the authoritative source.
CrowdStrike Holdings, Inc. reported a revenue of $1.39 billiona for the three months ended April 30, 2026, a 26% increase year-over-year, driven primarily by subscription revenue.
The company achieved a net income of $27.8 millionb attributable to CrowdStrike, a significant improvement from a net loss of $104.3 million in the prior year period. Operating expenses also grew, but at a slower pace than revenue, leading to an improved loss from operations of $30.6 million compared to $118.7 million in the prior year. The company ended the quarter with a strong cash position of $4.6 billion.
Recent acquisitions of SGNL.AI, Inc. and Seraphic Algorithms Ltd. are expected to contribute to future growth. Despite the positive revenue and profitability trends, investors should be aware of the ongoing impact of the July 19, 2024 incident, which has led to increased legal expenses and may continue to affect sales cycles and customer acquisition. The company also repurchased $175.6 millionc of its common stock during the quarter under its expanded share repurchase program.
02—Key points
Key Highlights
- Total revenue increased by 26% to $1.39 billion for the three months ended April 30, 2026, compared to $1.10 billion in the prior year period.
- Net income attributable to CrowdStrike improved significantly to $27.8 million, from a net loss of $104.3 million in the prior year period.
- Loss from operations narrowed to $30.6 million from $118.7 million in the prior year period, indicating improved operational efficiency.
- Annual Recurring Revenue (ARR) grew by 24% year-over-year to $5.51 billion.
- The company repurchased $175.6 million of its Class A common stock during the quarter.
- Cash and cash equivalents stood at $4.55 billion as of April 30, 2026.
- Goodwill increased significantly due to acquisitions, notably SGNL.AI, Inc. and Seraphic Algorithms Ltd.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in Q1 FY2027, CrowdStrike Holdings, Inc. kept $0.02.
- Revenue$1.39B100.0%
- Cost of revenue−$342.3M24.7%
- Gross profit$1.04B75.3%
- Operating costs−$1.07B77.5%
- Operating income−$30.6M2.2%
- Interest, other & tax$58.4M4.2%
- Net income$27.8M2.0%
04—Financials
Financial Highlights
Figures from 10-QQ1 FY2027filed June 4, 2026Financial Statements
Q1 FY2027 against Q1 FY2026
| Line item | Q1 FY2027Q1 FY2026 | Change |
|---|---|---|
| Revenue | $1.39B$1.10B | +25.6% |
| Cost of Revenue | $342.28M$287.88M | +18.9% |
| Gross Profit | $1.04B$815.56M | +27.9% |
| R&D Expenses | $408.33M$330.93M | +23.4% |
| Operating Expenses | $1.07B$934.27M | +15.0% |
| Operating Income | -$30.60M-$118.71M | +74.2% |
| Net Income | $27.77M-$104.26M | +126.6% |
| EPS (Basic) | $0.03$-0.10 | +126.2% |
| EPS (Diluted) | $0.03$-0.10 | +126.2% |
| Shares Outstanding (Basic) | 1.01B993.73M | +2.1% |
| Shares Outstanding (Diluted) | 1.03B993.73M | +3.8% |
05—Questions
Frequently Asked Questions
What was CrowdStrike's revenue performance in the latest quarter?
CrowdStrike reported total revenue of $1.39 billion for the three months ended April 30, 2026, representing a 26% increase compared to $1.10 billion in the same period last year. Subscription revenue, which constitutes 95% of total revenue, drove this growth.
How did CrowdStrike perform in terms of profitability?
The company showed significant improvement in profitability, reporting a net income of $27.8 million attributable to CrowdStrike for the three months ended April 30, 2026. This is a substantial turnaround from a net loss of $104.3 million in the prior year period. The loss from operations also narrowed considerably to $30.6 million from $118.7 million.
What is the impact of the July 19 Incident on the company's financial performance?
The July 19, 2024 incident has led to increased legal and professional services expenses, which are recorded in general and administrative expenses and other operating expense categories. While the company is incurring these costs, they are seeing some reduction in specific incident-related expenses compared to the prior year. The company also notes that the incident has caused delays in sales opportunities and longer sales cycles, which may continue to impact future performance.
What is the company's current cash position and how is it being utilized?
CrowdStrike maintains a strong liquidity position with $4.55 billion in cash and cash equivalents as of April 30, 2026. The company utilized $175.6 million to repurchase its common stock during the quarter as part of its authorized share repurchase program. Additionally, the company spent $994.1 million in investing activities, largely driven by business acquisitions.
06—Continue