NASDAQ$CRWD

Crowdstrike Holdings · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Crowdstrike's Q4 2021 earnings marked a record quarter, driven by substantial growth in ARR and customer acquisition.

CrowdStrike reported a strong fourth quarter and fiscal year 2021, with ARR surpassing $1 billion. The company achieved record net new ARR of $143 million and added a record 1,480 net new subscription customers. Revenue increased by 74% compared to the fourth quarter of fiscal 2020, and the company saw significant gains in operating leverage and profitability.

  • ARR surpassed $1 billion, driven by record net new ARR of $143 million.
  • Net new customer growth accelerated with a record 1,480 net new subscription customers.
  • Total revenue increased by 74% year-over-year, reaching $264.9 million.
  • The company delivered record operating and free cash flow.

Headline financials

Total Revenue

$265M

Previous: $152M+74.2%
EPS (adj)

$0.13

Previous: -$0.02+750.0%
Annual Recurring Revenue

$1.05B

Previous: $601M+74.9%
Capital Expenditures

$12.6M

Previous: $13.4M-6.0%
Free Cash Flow

$97.4M

Previous: $50.7M+92.2%
Net Income

-$19M

Previous: -$28.4M+33.1%
Operating Income

-$15.8M

Previous: -$31.1M+49.2%
Gross Profit

$198M

Previous: $109M+82.3%
Cash & Equivalents

$1.92B

Previous: $265M+624.6%
Total Assets

$2.73B

Previous: $1.4B+94.5%
Stock-Based Comp

$47.7M

Previous: $24.4M+95.8%

Revenue & EPS history

Crowdstrike · Revenue · Quarterly

$265M

Q4 2021+74.2%vs Q4 2020
Beat estimate in 6 of 10 quarters(60%)
ActualEstimate

Revenue by segment

Crowdstrike · $265M total across 2 segments · Q4 2021

  • Subscription
    $245M+76.6%
  • Professional services
    $20.3M+49.3%

Forward guidance

CrowdStrike provided guidance for the first quarter of fiscal year 2022 and the full fiscal year 2022.

Tailwinds

  • Q1 FY22 Total revenue is expected to be between $287.8 - $292.1 million
  • Q1 FY22 Non-GAAP income from operations is expected to be between $18.5 - $21.7 million
  • Q1 FY22 Non-GAAP net income is expected to be between $10.8 - $13.9 million
  • Q1 FY22 Non-GAAP net income per share, diluted is expected to be between $0.05 - $0.06
  • Full Year FY22 Total revenue is expected to be between $1,310.4 - $1,320.7 million

Headwinds

  • FY22 Non-GAAP income from operations is expected to be between $94.8 - $102.5 million
  • FY22 Non-GAAP net income is expected to be between $63.8 - $71.4 million
  • FY22 Non-GAAP net income per share, diluted is expected to be between $0.27 - $0.30
  • Actual results may differ materially as a result of many factors.
  • Guidance for non-GAAP financial measures excludes stock-based compensation expense, amortization expense of acquired intangible assets, amortization of debt issuance costs and discount, and acquisition related acquisition-related expenses including tax costs for intellectual property integration.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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

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