NASDAQ$CRWD
Crowdstrike Holdings · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Crowdstrike's Q4 2023 earnings exceeded expectations with record net new ARR, customer additions, and cash flow, demonstrating the strength of the Falcon platform.
CrowdStrike reported a strong fourth quarter with revenue of $637.4 million, a 48% increase year-over-year. The company achieved record net new ARR of $222 million and record free cash flow of $209 million. GAAP net loss attributable to CrowdStrike was $47.5 million, while non-GAAP net income was $111.6 million.
- Record net new ARR of $222 million was achieved.
- Ending ARR grew 48% year-over-year to reach $2.56 billion.
- Record cash flow from operations of $273 million and record free cash flow of $209 million were reported.
- Total revenue increased by 48% year-over-year, reaching $637.4 million.
Headline financials
Revenue & EPS history
Crowdstrike · Revenue · Quarterly
$637M
Revenue by segment
Crowdstrike · $637M total across 2 segments · Q4 2023
- Subscription$598M+47.6%93.9%
- Professional services$39.1M+52.8%6.1%
Forward guidance
CrowdStrike is providing guidance for the first quarter of fiscal year 2024 and full fiscal year 2024. Total revenue is expected to be between $674.9 - $678.2 million for Q1 and $2,955.1 - $3,014.8 million for FY24.
Tailwinds
- Total revenue for Q1 FY24 is expected to be between $674.9 - $678.2 million.
- Non-GAAP income from operations for Q1 FY24 is expected to be $107.1 - $109.5 million.
- Non-GAAP net income attributable to CrowdStrike for Q1 FY24 is expected to be $121.1 - $123.5 million.
- Total revenue for FY24 is expected to be between $2,955.1 - $3,014.8 million.
- Non-GAAP income from operations for FY24 is expected to be $474.0 - $518.7 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 Q4 2023
+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 | — | — | — |
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