OpenNashEarnings

Software · Nasdaq: CRWD

CrowdStrike earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends January · next results expected around 1 Dec 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q2 FY2027

CrowdStrike delivered record net new ARR of $333 million, total revenue of $1.47 billion (a 26% increase), ARR of $5.84 billion and Q2 record free cash flow of $377 million.

CrowdStrike had what it called the best quarter in its history. Record net new ARR of $333 million grew 51% year over year. Total revenue was $1.47 billion, up 26%, and ARR reached $5.84 billion, up 25%. Falcon Flex, its flexible multi-product licensing model, passed $2.29 billion in ending ARR, up 101%. GAAP net income was a small $5.3 million, while non-GAAP income from operations was $371.6 million. Management credited AI adoption driving demand for security.

Read the Q2 FY2027 summary →

Quarters

KPI history

Revenue$1.5B+25.8% y/yQ2 FY27
Q3 FY25: $1.0BQ3 25$1.0BQ4 FY25: $1.1B (worked out from the annual figure)Q4 25$1.1BQ1 FY26: $1.1BQ1 26$1.1BQ2 FY26: $1.2BQ2 26$1.2BQ3 FY26: $1.2BQ3 26$1.2BQ4 FY26: $1.3B (worked out from the annual figure)Q4 26$1.3BQ1 FY27: $1.4BQ1 27$1.4BQ2 FY27: $1.5BQ2 27$1.5B

Fourth quarter worked out from the annual figure.

Data
Q3 FY25$1.0B
Q4 FY25$1.1B *
Q1 FY26$1.1B
Q2 FY26$1.2B
Q3 FY26$1.2B
Q4 FY26$1.3B *
Q1 FY27$1.4B
Q2 FY27$1.5B
Diluted EPS (GAAP)$0.01Q2 FY27
Q3 FY25: -$0.07Q3 25-$0.07Q1 FY26: -$0.42Q1 26-$0.42Q2 FY26: -$0.07Q2 26-$0.07Q3 FY26: -$0.14Q3 26-$0.14Q1 FY27: $0.11Q1 27$0.11Q2 FY27: $0.01Q2 27$0.01
Data
Q3 FY25-$0.07
Q1 FY26-$0.42
Q2 FY26-$0.07
Q3 FY26-$0.14
Q1 FY27$0.11
Q2 FY27$0.01

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-2.3%+6.7 pts y/yQ2 FY27
Q3 FY25: -5.5%Q3 25-5.5%Q4 FY25: -7.7%Q4 25-7.7%Q1 FY26: -10.8%Q1 26-10.8%Q2 FY26: -9.0%Q2 26-9.0%Q3 FY26: -5.6%Q3 26-5.6%Q4 FY26: 1.1%Q4 261.1%Q1 FY27: -2.2%Q1 27-2.2%Q2 FY27: -2.3%Q2 27-2.3%
Data
Q3 FY25-5.5%
Q4 FY25-7.7%
Q1 FY26-10.8%
Q2 FY26-9.0%
Q3 FY26-5.6%
Q4 FY261.1%
Q1 FY27-2.2%
Q2 FY27-2.3%
Free cash flow$405.9M+34.2% y/yQ2 FY27
Q3 FY25: $247.4MQ3 25$247.4MQ4 FY25: $258.5MQ4 25$258.5MQ1 FY26: $298.4MQ1 26$298.4MQ2 FY26: $302.3MQ2 26$302.3MQ3 FY26: $314.1MQ3 26$314.1MQ4 FY26: $395.4MQ4 26$395.4MQ1 FY27: $493.3MQ1 27$493.3MQ2 FY27: $405.9MQ2 27$405.9M
Data
Q3 FY25$247.4M
Q4 FY25$258.5M
Q1 FY26$298.4M
Q2 FY26$302.3M
Q3 FY26$314.1M
Q4 FY26$395.4M
Q1 FY27$493.3M
Q2 FY27$405.9M

Operating cash flow minus capital expenditure, from cash flow statements.

Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27Q2 FY27
Revenue$1.0B$1.1Bd$1.1B$1.2B$1.2B$1.3Bd$1.4B$1.5B
Gross margin74.7%74.2%73.9%73.6%75.1%76.1%75.3%74.6%
Operating income-$55.7M-$81.3Md-$118.7M-$105.5M-$69.4M$13.8Md-$30.6M-$33.2M
Operating margin-5.5%-7.7%-10.8%-9.0%-5.6%1.1%-2.2%-2.3%
Net income-$16.8M-$88.3Md-$104.3M-$70.2M-$34.0M$59.4Md$27.8M$5.3M
Diluted EPS-$0.07—-$0.42-$0.07-$0.14—$0.11$0.01
Operating cash flow$326.1Md$345.7Md$384.1M$332.8Md$397.5Md$497.9Md$590.9M$530.3Md
Capital expenditure$78.7Md$87.2Md$85.8M$30.5Md$83.4Md$102.5Md$97.6M$124.4Md
Free cash flow$247.4M$258.5M$298.4M$302.3M$314.1M$395.4M$493.3M$405.9M
R&D expense$275.6M$313.8Md$330.9M$342.5M$347.6M$356.4Md$408.3M$444.2M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings