CrowdStrike (CRWD) Q1 2025 Earnings
Did CRWD Beat Earnings? Q1 2025 Results
Yes. CrowdStrike reported Q1 2025 earnings of $0.23 a share on Jun 4, 2024, beating the $0.22 consensus estimate by 4.5%. Revenue was $921.0M against a $904.7M estimate.
CrowdStrike opened fiscal 2026's first quarter with a clean beat on both top and bottom lines, reporting non-GAAP diluted EPS of $0.93 against a consensus estimate of $0.89, a 4.49% beat, while revenue of $921.04 million topped expectations of $904.66 million and grew 33% year-over-year. The primary engine behind the results was the continued momentum of the Falcon platform, where subscription revenue climbed 34% to $872.17 million and Annual Recurring Revenue expanded 33% to $3.65 billion, with net new ARR of $211.70 million. Operating leverage was equally notable; non-GAAP operating income reached $198.74 million, expanding the non-GAAP operating margin to 22% from 17% a year ago, while free cash flow of $322.46 million represented a 35% free cash flow margin. Even as some broader cybersecurity sector sentiment has faced pressure from peers offering cautious outlooks, CrowdStrike raised its full-year FY25 revenue guidance to a range of $3.98 billion to $4.01 billion, with non-GAAP EPS guided at $3.93 to $4.03, signaling continued confidence in platform-driven growth.
- 33% year-over-year ARR growth reaching $3.65 billion
- Net new ARR of $212 million, growing 22% year-over-year
- Deepening module adoption: 65% on 5+ modules, 44% on 6+, 28% on 7+
- Platform consolidation as customers standardize on Falcon
- Non-GAAP operating margin expansion to 22% from 17% year-over-year
- Free cash flow margin of 35%, Rule of 68 on a free cash flow basis
“CrowdStrike started the fiscal year from a position of momentum and exceptional strength, with net new ARR of $212 million growing 22% year-over-year and ending ARR growing 33% year-over-year to reach $3.65 billion.”
CrowdStrike CEO, on the earnings call
What Was CrowdStrike's Outlook in Q1 2025?
For Q2 FY25, CrowdStrike guided total revenue of $958.3M–$961.2M, non-GAAP operating income of $208.3M–$210.5M, non-GAAP net income attributable to CrowdStrike of $245.7M–$247.8M, and non-GAAP diluted EPS of $0.98–$0.99 (based on ~250M weighted average diluted shares). For full-year FY25, the company raised guidance to total revenue of $3,976.3M–$4,010.7M, non-GAAP operating income of $890.1M–$916.5M, non-GAAP net income of $985.6M–$1,012.0M, and non-GAAP diluted EPS of $3.93–$4.03 (based on ~251M weighted average diluted shares).
CRWD YoY Financials
| Metric | Q1 2025 | Q1 2024 | Year over year |
|---|---|---|---|
| Revenue | $921.0M | $692.6M | +33.0% |
| Gross Profit | $696.0M | $523.3M | +33.0% |
| Operating Income | $6.9M | $2.9M | +135.7% |
| Net Income | $42.8M | $491,000 | +8,621.0% |
CRWD Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.