NASDAQ$CRWD
Crowdstrike Holdings · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Crowdstrike's Q2 2024 earnings showcased strong growth, exceeding guidance and achieving GAAP profitability for the second consecutive quarter.
CrowdStrike reported strong Q2 FY2024 results, with revenue exceeding expectations and achieving GAAP profitability. Ending ARR grew 37% year-over-year to $2.93 billion. The company delivered record Q2 cash flow from operations of $245 million and record Q2 free cash flow of $189 million.
- Total revenue was $731.6 million, a 37% increase compared to Q2 FY23.
- ARR increased 37% year-over-year to reach $2.93 billion.
- GAAP net income attributable to CrowdStrike was $8.5 million, compared to a loss of $49.3 million in Q2 FY23.
- Net cash generated from operations was $244.8 million, compared to $209.9 million in Q2 FY23.
Headline financials
Revenue & EPS history
Crowdstrike · Revenue · Quarterly
$732M
Revenue by segment
Crowdstrike · $732M total across 2 segments · Q2 2024
- Subscription$690M+36.3%94.3%
- Professional services$41.7M+43.9%5.7%
Forward guidance
CrowdStrike is providing the following guidance for the third quarter of fiscal 2024 (ending October 31, 2023) and increasing its guidance for the fiscal year 2024 (ending January 31, 2024).
Tailwinds
- Total revenue Q3 FY24: $775.4 - $778.0 million
- Total revenue Full Year FY24: $3,030.7 - $3,042.9 million
- Non-GAAP income from operations Q3 FY24: $154.4 - $156.3 million
- Non-GAAP income from operations Full Year FY24: $601.3 - $610.5 million
- Non-GAAP net income attributable to CrowdStrike Q3 FY24: $179.8 - $181.8 million
Headwinds
- Non-GAAP net income attributable to CrowdStrike Full Year FY24: $680.4 - $689.7 million
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted Q3 FY24: $0.74
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted Q3 FY24: 244 million
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted Full Year FY24: $2.80 - $2.84
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted Full Year FY24: 243 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+2.6%
Avg return
Earnings day
+1.9%
Avg return
5 days after
+6.7%
Avg return
30 days after
64%
18 / 28 earnings
Positive
+26.9%
Q4 2020
Best reaction
-15.6%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +6.1% | -4.9% | — | |
| 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro