10-QPeriod: Q2 FY2027

CrowdStrike Holdings, Inc. Quarterly Report for Q2 Ended Jul 31, 2026

Filed August 27, 2026For Securities:CRWD

Summary

CrowdStrike Holdings, Inc. reported solid performance for the three and six months ended July 31, 2026, with total revenue increasing by 26% year-over-year to $1.47 billion and $2.86 billion, respectively. Subscription revenue remains the primary driver, growing 27% and 26% in the respective periods. The company achieved net income of $5.3 million for the three-month period and $51.3 million for the six-month period, a significant improvement from losses in the prior year, demonstrating progress towards sustained profitability. Operating expenses increased, particularly in research and development, reflecting continued investment in platform enhancements. The company completed two significant acquisitions during the period: SGNL.AI, Inc. and Seraphic Algorithms Ltd., integrating them to bolster its identity security and browser runtime security capabilities. Despite the ongoing impact of the July 19 Incident, which continues to affect sales cycles and incur legal expenses, CrowdStrike's core business demonstrates resilience and growth, supported by strong ARR expansion and improving gross margins. The company maintains a strong liquidity position with substantial cash reserves.

Key Highlights

  • 1Total revenue grew 26% year-over-year for both the three and six months ended July 31, 2026, reaching $1.47 billion and $2.86 billion, respectively.
  • 2Subscription revenue, the primary revenue source, increased by 27% and 26% for the three and six months ended July 31, 2026.
  • 3CrowdStrike achieved net income of $5.3 million and $51.3 million for the three and six months ended July 31, 2026, respectively, a significant improvement compared to the prior year's net losses.
  • 4The company completed two strategic acquisitions: SGNL.AI, Inc. (identity security) and Seraphic Algorithms Ltd. (browser runtime security) during the period.
  • 5Annual Recurring Revenue (ARR) increased to $5.8 billion as of July 31, 2026, representing a 25% year-over-year growth.
  • 6Gross margin for subscription revenue improved by 1 percentage point year-over-year in both the three and six-month periods.
  • 7The company reported $5.0 billion in cash and cash equivalents as of July 31, 2026, indicating a strong liquidity position.

Frequently Asked Questions

CrowdStrike reported total revenue of $1.47 billion for the three months ended July 31, 2026, a 26% increase year-over-year. For the six months ended July 31, 2026, total revenue was $2.86 billion, also a 26% increase year-over-year. Subscription revenue was the primary driver of this growth.

Yes, CrowdStrike achieved net income of $5.3 million for the three months ended July 31, 2026, and $51.3 million for the six months ended July 31, 2026. This marks a significant improvement from the net losses reported in the comparable periods of the prior year.

During the period, CrowdStrike completed two significant acquisitions: SGNL.AI, Inc. to enhance its identity security capabilities and Seraphic Algorithms Ltd. to strengthen its browser runtime security. The company also continued to invest in research and development to enhance its Falcon platform.

The filing notes that the July 19 Incident continues to affect sales cycles and incur legal and professional services expenses. While the company has maintained high dollar-based net retention rates, it experienced longer sales cycles and longer customer purchasing decisions. The company has provided customer commitment packages with incentives that may impact revenue recognition timing and upsell values. Despite these challenges, the core business demonstrated resilience and growth.