CrowdStrike Holdings, Inc. (CRWD) Earnings History

CrowdStrike Holdings, Inc. - Q4 FY2026 EarningsBeat

Filed at: Mar 3, 2026, 4:06 PM EST|Read from source

EXECUTIVE SUMMARY

CrowdStrike demonstrated exceptional performance in Q4 FY2026, achieving record ARR, net new ARR, and cash flow, driven by strong adoption of its AI-secured platform. The company exceeded expectations across all guided metrics, highlighting accelerating growth, expanding profitability, and a strong outlook for FY2027, particularly leveraging the AI revolution as a significant growth opportunity.

POSITIVE HIGHLIGHTS

  • •

    Achieved positive GAAP net income and record non-GAAP net income in the quarter.

    positive
  • •

    Surpassed $5 billion in ending ARR, reaching $5.25 billion, with a 24% year-over-year growth.

    positive
  • •

    Net new ARR grew 47% year-over-year to a record $331 million in Q4, exceeding $1 billion for the full year.

    positive
  • •

    Delivered record operating and free cash flow for both the quarter and the full year.

    positive
  • •

    GAAP subscription gross margin improved to 79% from 77% in the prior year's quarter.

    positive
  • •

    Non-GAAP subscription gross margin improved to 81% from 80% in the prior year's quarter.

    positive
  • •

    Strong module adoption rates: 50% for six or more modules, 34% for seven or more, and 24% for eight or more modules.

    positive

CONCERNS & RISKS

  • •

    GAAP net loss attributable to CrowdStrike was $162.5 million for the full year FY2026, a significant increase from a loss of $15.2 million in FY2025.

    negative
  • •

    GAAP loss from operations was $293.3 million for the full year FY2026, compared to a loss of $116.4 million in FY2025.

    negative
  • •

    Acquisition-related expenses, net were $14.0 million for the full year FY2026, up from $6.0 million in FY2025.

    attention
  • •

    Costs associated with the July 19 Incident and related matters were $117.7 million for the full year FY2026, a substantial increase from $60.1 million in FY2025.

    attention

FINANCIAL METRICS

Revenue
Quarterly
$1305.38B
N/A
Net Income
Quarterly
$40.77B
N/A
EPS (Diluted)
Quarterly
$0.15
N/A
Prior year: $-0.35
Operating Income
Quarterly
$-6.90M
N/A
Prior year: $-79.31M
Annual (YTD)
$-293.29M
N/A
Prior year: $-116.40M
EPS (Basic)
Quarterly
$0.15
N/A
Prior year: $-0.35

MARGIN ANALYSIS

Gross Margin
Current Quarter
76.0%
Prior Year
74.0%
YoY Change
+200 bps
Operating Margin
Current Quarter
-0.5%
Prior Year
-7.5%
YoY Change
+700 bps
Net Margin
Current Quarter
3.0%
Prior Year
-8.2%
YoY Change
+1120 bps

Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.

REVENUE BY SEGMENT — Q4 FY2026 2026

VISUAL OVERVIEW

|
Subscription
0.0%
N/A
Professional services
0.0%
N/A

DETAILED BREAKDOWN

|
SegmentCurrentPrior YrYoY% Total
Subscription
N/A———
Professional services
N/A———
Total Revenue$0.00M——100.0%

Segment performance shows business unit health and growth drivers.

MANAGEMENT GUIDANCE

FY2027

ARR
6,465,800,000—6,516,400,000
Mid-point: 6,491,100,000
Total revenue
$5867600.0B—$5927600.0B
Mid-point: $5897600.0B
Non-GAAP income from operations
1,422,200,000—1,462,200,000
Mid-point: 1,442,200,000
Non-GAAP net income per share
$4.78—$4.90
Mid-point: $4.84

Q1 2027

ARR
5,501,800,000—5,503,800,000
Mid-point: 5,502,800,000
Total revenue
$1360000.0B—$1364000.0B
Mid-point: $1362000.0B
Non-GAAP income from operations
308,000,000—310,400,000
Mid-point: 309,200,000
Non-GAAP net income per share
$1.06—$1.07
Mid-point: $1.06

Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.

MANAGEMENT COMMENTARY

FY26 was CrowdStrike's best year yet, marked by record ARR and net new ARR, driven by the AI revolution.

— CrowdStrike Holdings, Inc., Q4 FY2026 2026 Earnings Call

The company is well-positioned to capitalize on the AI opportunity, securing AI across all layers.

— CrowdStrike Holdings, Inc., Q4 FY2026 2026 Earnings Call

CrowdStrike delivered accelerating growth, expanding profitability, and record cash flow, exceeding expectations.

— CrowdStrike Holdings, Inc., Q4 FY2026 2026 Earnings Call

Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.

OPERATIONAL METRICS

ARR
5250.0M
+24.0% YoY
millions
Falcon Flex ARR
1690.0M
+120.0% YoY
millions
Module Adoption Rate (6+ modules)
50
%
Module Adoption Rate (7+ modules)
34
%
Module Adoption Rate (8+ modules)
24
%
Net New ARR
330.7M
+47.0% YoY
millions

Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.

Related Research

Analysis

Palantir's 1.37% Tax Rate: What the 10-K Reveals About Earnings Quality

Analysis

CrowdStrike's Risk Factors Are No Longer Theoretical

Analysis

Cloud Security Earnings Quality: DDOG vs CRWD vs NET vs ZS vs ESTC