NASDAQ$CRWD
Crowdstrike Holdings · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Crowdstrike's Q4 2022 earnings showcased strong growth and record cash flow.
CrowdStrike delivered an exceptional fourth quarter and capped off a record year, achieving new milestones across both the top and bottom line. Net new ARR reached an all-time high, driven by expansion in the core endpoint market and record performance in cloud, identity protection, and Humio. The company's robust top-line growth and exceptional leverage demonstrate the efficiency in its model, enabling investments in new technologies and international geographies.
- Achieved record net new ARR of $217 million, accelerating growth for the second consecutive quarter.
- Ending ARR grew 65% year-over-year to exceed $1.7 billion.
- Delivered record operating and free cash flow for the second consecutive quarter.
- Added 1,638 net new subscription customers, bringing the total to 16,325, representing 65% year-over-year growth.
Headline financials
Revenue & EPS history
Crowdstrike · Revenue · Quarterly
$431M
Revenue by segment
Crowdstrike · $431M total across 2 segments · Q4 2022
- Subscription$405M+65.7%94.1%
- Professional services$25.6M+26.3%5.9%
Forward guidance
CrowdStrike is providing the following guidance for the first quarter of fiscal 2023 (ending April 30, 2022) and guidance for fiscal year 2023 (ending January 31, 2023):
Tailwinds
- Q1 FY23 Total revenue: $458.9 - $465.4 million
- Q1 FY23 Non-GAAP income from operations: $61.7 - $66.4 million
- Q1 FY23 Non-GAAP net income: $52.0 - $56.7 million
- Q1 FY23 Non-GAAP net income per share, diluted: $0.22 - $0.24
- Q1 FY23 Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted: 240 million
Headwinds
- FY23 Total revenue: $2,133.1 - $2,163.2 million
- FY23 Non-GAAP income from operations: $289.2 - $311.8 million
- FY23 Non-GAAP net income: $251.1 - $273.6 million
- FY23 Non-GAAP net income per share, diluted: $1.03 - $1.13
- FY23 Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted: 243 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 Q4 2022
+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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