CRWD
CrowdStrike Holdings, Inc.
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for CrowdStrike Holdings, Inc.
CrowdStrike Holdings, Inc. provides cloud-delivered cybersecurity. Its Falcon platform uses a lightweight agent and a large threat-intelligence graph to deliver endpoint detection and response, next-generation antivirus, identity protection, cloud security, log management, and related modules sold on a subscription basis. Customers include enterprises and governments worldwide.
Coverage
CrowdStrike Cleared the $285M Bar by $47M — Then Raised the Raise
CrowdStrike's net new ARR of $332.8M beat the implied $285M bar by 51% and the year got raised again. Underneath: $5.3M of GAAP income on $399M of stock comp.
CrowdStrike's EPS Guide Fits Inside One Post-Split Cent. The Surprise Must Come From New ARR.
CrowdStrike reports 26 August with EPS guidance that rounds to one post-split cent: $0.29. The number with room to move is net new ARR against an implied $285M.
Our Own Explainer Says the Rule of 40 Captures Stock Compensation 'Not Perfectly'. Here Is How Imperfectly.
The four companies our Rule of 40 explainer praises pay 14.5-21.5% of revenue in stock compensation. Subtract it and two fall below 40. How big the gap is.
CrowdStrike Q1 FY2027: Record Net New ARR, Raised Guidance, and a First-Ever Stock Split
CrowdStrike's fiscal Q1 2027 revenue grew 26% to $1.39 billion and net new ARR hit a record $256 million, prompting management to raise full-year ARR growth guidance and the board to approve the company's first-ever stock split. We break down the numbers, the AI-security narrative, and the ongoing recovery from the July 2024 global outage.
Where the revenue goes next
Latest: $1.47B (2027Q2)
| Period | Value |
|---|---|
| 2024Q2 | $732M |
| 2024Q3 | $786M |
| 2024Q4 | $845M |
| 2025Q1 | $921M |
| 2025Q2 | $964M |
| 2025Q3 | $1.01B |
| 2025Q4 | $1.06B |
| 2026Q1 | $1.10B |
| 2026Q2 | $1.17B |
| 2026Q3 | $1.23B |
| 2026Q4 | $1.30B |
| 2027Q1 | $1.39B |
| 2027Q2 | $1.47B |
Latest: $0.01 (2027Q2)
| Period | Value |
|---|---|
| 2024Q2 | $0.01 |
| 2024Q3 | $0.03 |
| 2024Q4 | $0.06 |
| 2025Q1 | $0.04 |
| 2025Q2 | $0.05 |
| 2025Q3 | −$0.02 |
| 2025Q4 | −$0.09 |
| 2026Q1 | −$0.10 |
| 2026Q2 | −$0.08 |
| 2026Q3 | −$0.04 |
| 2026Q4 | $0.04 |
| 2027Q1 | $0.03 |
| 2027Q2 | $0.01 |
Latest: 3351.3 (2027Q2)
| Period | Value |
|---|---|
| 2024Q4 | 975.0 |
| 2025Q1 | 552.0 |
| 2025Q2 | 336.2 |
| 2025Q3 | 582.1 |
| 2025Q4 | n/m |
| 2026Q1 | n/m |
| 2026Q2 | n/m |
| 2026Q3 | n/m |
| 2026Q4 | n/m |
| 2027Q1 | n/m |
| 2027Q2 | 3351.3 |
Latest: $377M (2027Q2)
| Period | Value |
|---|---|
| 2024Q2 | $189M |
| 2024Q3 | $239M |
| 2024Q4 | $283M |
| 2025Q1 | $322M |
| 2025Q2 | $272M |
| 2025Q3 | $231M |
| 2025Q4 | $240M |
| 2026Q1 | $279M |
| 2026Q2 | $284M |
| 2026Q3 | $296M |
| 2026Q4 | $376M |
| 2027Q1 | $468M |
| 2027Q2 | $377M |
Latest: 1.04B (2027Q2)
| Period | Value |
|---|---|
| 2024Q2 | 969M |
| 2024Q3 | 975M |
| 2025Q1 | 1.00B |
| 2025Q2 | 1.01B |
| 2025Q3 | 982M |
| 2026Q1 | 994M |
| 2026Q2 | 1000M |
| 2026Q3 | 1.01B |
| 2026Q4 | 1.01B |
| 2027Q1 | 1.03B |
| 2027Q2 | 1.04B |
Latest: $3.86B (2027Q2)
| Period | Value |
|---|---|
| 2024Q2 | $189M |
| 2024Q3 | $428M |
| 2024Q4 | $711M |
| 2025Q1 | $1.03B |
| 2025Q2 | $1.31B |
| 2025Q3 | $1.54B |
| 2025Q4 | $1.78B |
| 2026Q1 | $2.06B |
| 2026Q2 | $2.34B |
| 2026Q3 | $2.63B |
| 2026Q4 | $3.01B |
| 2027Q1 | $3.48B |
| 2027Q2 | $3.86B |
Latest earnings
Company History
George Kurtz, Dmitri Alperovitch, and Gregg Marston found CrowdStrike to build a cloud-native endpoint security platform.
CrowdStrike goes public on the Nasdaq Global Select Market under ticker CRWD, pricing 18 million shares at $34.00 and debuting on June 12, 2019.
CrowdStrike introduces Charlotte AI, a generative-AI security analyst embedded in the Falcon platform, beginning its pivot toward AI-driven security automation.
On July 19, 2024, a mismatched Falcon sensor content update crashes millions of Microsoft Windows systems worldwide, causing the largest IT outage in history and an estimated $10 billion-plus in global losses; the incident becomes a major overhang on GAAP earnings and customer trust through fiscal 2025 and into fiscal 2026.
CrowdStrike launches the Charlotte AI AgentWorks Ecosystem with AWS, NVIDIA, OpenAI, and other partners, reports record fiscal Q1 2027 net new ARR, and the board approves the company's first-ever stock split, a 4-for-1 split effective July 2, 2026, following a roughly 60% year-to-date share price rally.
Key Players
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Funds we follow holding CRWD
By latest reported 13F position value. Market value at quarter-end, not cost basis.
