NASDAQ$CRWD

Crowdstrike Holdings · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Crowdstrike achieved strong momentum and delivered results that exceeded expectations across the board.

CrowdStrike's Q1 2021 shows strong growth with an 85% increase in total revenue, reaching $178.1 million. The company also saw an 88% increase in ARR, reaching $686.1 million, and achieved record operating and free cash flow.

  • Total revenue was $178.1 million, an 85% increase year-over-year.
  • ARR increased 88% year-over-year to $686.1 million.
  • GAAP loss from operations was $22.6 million, while non-GAAP income from operations was $1.2 million.
  • Net cash generated from operations was $98.6 million, and free cash flow was $87.0 million.

Headline financials

Total Revenue

$178M

Previous: $96.1M+85.3%
EPS (adj)

$0.02

Previous: -$0.47+104.3%
Annual Recurring Revenue

$686M

No prior period
Capital Expenditures

-$9.69M

Previous: -$15.5M+37.6%
Free Cash Flow

$88.9M

Previous: -$14.1M+729.2%
Net Income

-$19.2M

Previous: -$26M+26.0%
Operating Income

-$22.6M

Previous: -$25.8M+12.4%
Gross Profit

$131M

Previous: $66.8M+96.4%
Cash & Equivalents

$1.68B

No prior period
Total Assets

$2.88B

No prior period
Stock-Based Comp

$23.6M

No prior period

Revenue & EPS history

Crowdstrike · Revenue · Quarterly

$178M

Q1 2021+85.3%vs Q1 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Crowdstrike · $178M total across 2 segments · Q1 2021

  • Subscription
    $162M+88.6%
  • Professional services
    $15.9M

Forward guidance

CrowdStrike is providing guidance for the second quarter of fiscal 2021 (ending July 31, 2020) and increasing its guidance for fiscal year 2021 (ending January 31, 2021).

Tailwinds

  • Total revenue between $185.8 - $190.3 million for Q2 FY21
  • Total revenue between $761.2 - $772.6 million for Full Year FY21
  • Non-GAAP loss from operations between $(3.1) - $0.0 million for Q2 FY21
  • Non-GAAP loss from operations between $(19.2) - $(11.1) million for Full Year FY21
  • Weighted average shares used in computing Non-GAAP net loss per share attributable to common stockholders, basic and diluted 216 million for Q2 FY21 and 220 million for FY21

Headwinds

  • Non-GAAP net loss between $(3.8) - $(0.7) million for Q2 FY21
  • Non-GAAP net loss between $(18.1) - $(9.9) million for Full Year FY21
  • Non-GAAP net loss per share, basic and diluted between $(0.02) - $0.00 for Q2 FY21
  • Non-GAAP net loss per share, basic and diluted between $(0.08) - $(0.05) for Full Year FY21
  • These statements are forward-looking and actual results may differ materially as a result of many factors.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+2.5%

Avg return

Earnings day

+2.1%

Avg return

5 days after

+6.7%

Avg return

30 days after

63%

17 / 27 earnings

Positive

+26.9%

Q4 2020

Best reaction

-15.6%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+0.8%+10.9%+2.0%
Q3 2026+0.6%-0.3%-12.2%
Q2 2026+12.9%-2.2%+13.9%
Q1 2026+2.0%+3.0%-7.2%
Q4 2025-6.3%-20.8%-17.6%
Q3 2025-4.4%-4.9%+0.4%
Q2 2025+0.7%+2.8%+5.9%
Q1 2025+10.8%+13.1%+25.4%
Q4 2024+5.0%+2.9%-1.5%
Q3 2024+11.6%+11.9%+21.9%
Q2 2024+11.1%+9.9%+14.1%
Q1 2024-0.7%-2.8%-7.4%
Q4 2023+1.0%-6.2%+0.2%
Q3 2023-15.6%-11.1%-25.0%
Q2 2023-4.9%-10.2%-13.7%
Q1 2023+0.4%+9.4%+11.0%
Q4 2022+21.8%+16.8%+39.2%
Q2 2022-5.7%-2.8%-14.2%
Q1 2022-6.2%-2.5%+14.5%
Q4 2021+3.7%-3.0%+6.3%
Q3 2021+9.3%+15.7%+43.6%
Q2 2021-10.0%-12.9%-2.7%
Q1 2021+3.4%-1.0%+13.1%
Q4 2020+26.9%+48.4%+67.6%
Q3 2020-7.4%-13.5%-7.7%
Q2 2020-10.9%-16.0%-25.2%
Q1 2020+17.6%+22.2%+35.3%
Q4 2019
Q3 2018
Q2 2018
Q1 2018
Q4 2017

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