Crowdstrike Holdings Inc - Class A

CrowdStrike posted a stronger-than-expected third quarter for fiscal 2025, with revenue climbing 28.5% year over year to $1.01 billion and non-GAAP diluted EPS of $0.93 beating the $0.81 consensus estimate by nearly 15%, even as the company continued absorbing fallout from the July 19 Falcon sensor incident that disrupted certain Windows systems earlier this year. The headline beat was anchored by subscription revenue of $962.74 million, up 31% from a year ago, and Annual Recurring Revenue crossing $4.02 billion with $153 million in net new ARR added during the quarter. Notably, gross retention held above 97%, suggesting limited customer defection despite the high-profile outage, though $33.92 million in incident-related costs contributed to a GAAP operating loss of $55.72 million. Some analysts have flagged valuation concerns around the stock in the aftermath of the quarter. Looking ahead, management guided Q4 revenue of $1.03 billion to $1.04 billion and full-year fiscal 2025 revenue of $3.92 billion to $3.93 billion, with non-GAAP EPS of $3.74 to $3.76 for the full year.