NASDAQ$CRWD

Crowdstrike Holdings · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Crowdstrike's Q1 2025 financial results were announced, showcasing significant growth in ARR and free cash flow.

CrowdStrike reported a strong first quarter for fiscal year 2025, with revenue reaching $921.0 million, a 33% increase year-over-year. The company's ARR grew by 33% to $3.65 billion, with net new ARR of $212 million. Additionally, CrowdStrike achieved record operating cash flow of $383 million and record free cash flow of $322 million, representing 35% of revenue.

  • Ending ARR grew 33% year-over-year reaching $3.65 billion.
  • Net new ARR grew 22% year-over-year to $212 million.
  • Operating cash flow reached a record of $383 million.
  • Free cash flow was a record $322 million, representing 35% of revenue.

Headline financials

Total Revenue

$921M

Previous: $693M+33.0%
EPS

$0.17

Previous: $0.57-70.2%
Annual Recurring Revenue

$3.64B

Previous: $2.73B+33.3%
Capital Expenditures

-$49.7M

Previous: -$62.3M+20.2%
Free Cash Flow

$334M

Previous: $239M+39.8%
Net Income

$42.8M

Previous: $491K+8621.0%
Operating Income

$6.94M

Previous: -$19.5M+135.6%
Gross Profit

$696M

Previous: $523M+33.0%
Cash & Equivalents

$3.7B

Previous: $2.83B+30.8%
Total Assets

$6.84B

Previous: $5.14B+33.2%
R&D Expense

$235M

No prior period
Stock-Based Comp

$183M

No prior period

Revenue & EPS history

Crowdstrike · Revenue · Quarterly

$921M

Q1 2025+33%vs Q1 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Crowdstrike · $1.1B total across 2 segments · Q1 2026

  • Subscription
    $1.05B
  • Professional services
    $52.7M

Forward guidance

CrowdStrike is providing guidance for the second quarter of fiscal year 2025 and increasing its guidance for fiscal year 2025.

Tailwinds

  • Total revenue for Q2 FY25 is expected to be between $958.3 - $961.2 million.
  • Non-GAAP income from operations for Q2 FY25 is expected to be between $208.3 - $210.5 million.
  • Non-GAAP net income attributable to CrowdStrike for Q2 FY25 is expected to be between $245.7 - $247.8 million.
  • Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted for Q2 FY25 is expected to be $0.98 - $0.99.
  • Total revenue for FY25 is expected to be between $3,976.3 - $4,010.7 million.

Headwinds

  • The guidance excludes stock-based compensation expense.
  • The guidance excludes amortization expense of acquired intangible assets (including purchased patents).
  • The guidance excludes amortization of debt issuance costs and discount.
  • The guidance excludes mark-to-market adjustments on deferred compensation liabilities.
  • The guidance excludes legal reserve and settlement charges or benefits.

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 2025

Historical avgQ1 2025

+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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