10-QPeriod: Q1 FY2027

CrowdStrike Holdings, Inc. Quarterly Report for Q1 Ended Apr 30, 2026

Filed June 4, 2026For Securities:CRWD

Summary

CrowdStrike Holdings, Inc. reported a revenue of $1.39 billion 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 million 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 million of its common stock during the quarter under its expanded share repurchase program.

Financial Highlights

52 data points
Beta

Revenue

$1.39B

75.3% Gross Margin

Net Income

$27.77M

2.0% Net Margin

EPS (Diluted)

$0.03

Total Assets

$11.27B

Cash & Equivalents

$4.55B

Free Cash Flow

$493.31M

Financial Statements
Beta
Revenue$1.39B
Cost of Revenue$342.28M
Gross Profit$1.04B
R&D Expenses$408.33M
Operating Expenses$1.07B
Operating Income-$30.60M
Net Income$27.77M
EPS (Basic)$0.03
EPS (Diluted)$0.03
Shares Outstanding (Basic)1.01B
Shares Outstanding (Diluted)1.03B

Key Highlights

  • 1Total 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.
  • 2Net income attributable to CrowdStrike improved significantly to $27.8 million, from a net loss of $104.3 million in the prior year period.
  • 3Loss from operations narrowed to $30.6 million from $118.7 million in the prior year period, indicating improved operational efficiency.
  • 4Annual Recurring Revenue (ARR) grew by 24% year-over-year to $5.51 billion.
  • 5The company repurchased $175.6 million of its Class A common stock during the quarter.
  • 6Cash and cash equivalents stood at $4.55 billion as of April 30, 2026.
  • 7Goodwill increased significantly due to acquisitions, notably SGNL.AI, Inc. and Seraphic Algorithms Ltd.

Frequently Asked Questions

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.

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.

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.

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.