NASDAQ$CRWD
Crowdstrike Holdings · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported revenue growth of 53% year-over-year, reaching $581 million, and ending ARR growth of 54% year-over-year, reaching $2.34 billion.
CrowdStrike delivered strong revenue and earnings results, exceeding guidance in the face of increased macroeconomic headwinds. Revenue grew 53% year-over-year to $581 million, and ARR increased 54% year-over-year to $2.34 billion. The company achieved record cash flow from operations of $243 million and record free cash flow of $174 million.
- Revenue grew 53% year-over-year to reach $581 million.
- Ending ARR grew 54% year-over-year to reach $2.34 billion.
- Achieved record cash flow from operations of $243 million and record free cash flow of $174 million.
- Added 1,460 net new subscription customers, bringing the total to 21,146.
Headline financials
Revenue & EPS history
Crowdstrike · Revenue · Quarterly
$581M
Revenue by segment
Crowdstrike · $581M total across 2 segments · Q3 2023
- Subscription$547M—94.2%
- Professional services$33.5M—5.8%
Forward guidance
CrowdStrike is providing the following guidance for the fourth quarter and the full fiscal year 2023 (ending January 31, 2023):
Tailwinds
- Total revenue Q4 FY23: $619.1 - $628.2 million
- Total revenue Full Year FY23: $2,223.0 - $2,232.0 million
- Non-GAAP income from operations Q4 FY23: $87.2 - $93.7 million
- Non-GAAP income from operations Full Year FY23: $347.2 - $353.8 million
- Non-GAAP net income attributable to CrowdStrike Q4 FY23: $100.9 - $107.5 million
Headwinds
- Non-GAAP net income attributable to CrowdStrike Full Year FY23: $357.6 - $364.4 million
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted Q4 FY23: $0.42 - $0.45
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted Full Year FY23: $1.49 - $1.52
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted Q4 FY23: 241 million
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted Full Year FY23: 240 million
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 Q3 2023
+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
| Quarter | Report date | Reaction (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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