"We're achieving record Q1 net new ARR of $212 million, growing 22% year-over-year," - George Kurtz, CEO
— George Kurtz
03Detailed Report
CRWD
CrowdStrike Holdings Inc
Period
Q1 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 14, 2026
Swipe to view all report sections
Executive Summary
CrowdStrike Holdings Inc reported exceptional financial results for Q1 2025, with total revenue reaching $921 million, marking a 33% increase year-over-year (YoY). The company hosted a strong performance in its subscription segment, with ending Annual Recurring Revenue (ARR) of $3.65 billion, up 33% YoY and net new ARR of $212 million growing 22% YoY. The company's free cash flow reached $322 million, equating to 35% of revenue, underpinning its operational efficiency and solid financial health. Management underscored the power of their AI-driven Falcon platform, which has enabled significant consolidation in the cybersecurity market, evidenced by a 95% growth in deals utilizing eight or more modules compared to the previous year. Furthermore, CrowdStrike delivered its fifth consecutive quarter of GAAP profitability, reinforcing its trajectory towards a target of $10 billion in ARR.
Key Performance Indicators
Revenue
Increasing
921.04M
QoQ: 8.96% | YoY: 32.99%
Gross Profit
Increasing
696.03M
75.60% margin
QoQ: 9.43% | YoY: 33.00%
Operating Income
Decreasing
6.94M
QoQ: -77.70% | YoY: -38.59%
Net Income
Increasing
42.82M
QoQ: -20.26% | YoY: 8 620.98%
EPS
Increasing
0.18
QoQ: -18.18% | YoY: 8 471.43%
Revenue Trend
Margin Analysis
Financial Highlights
1. Revenue and Profitability:
- Total Revenue: $921 million, up 33% YoY
- Subscription Revenue: $872 million, growing at 34% YoY
- Net Income: $42.8 million, YoY increase of 8,621%
- GAAP EPS: $0.18
- Non-GAAP EPS: $0.93
2. Cash Flow:
- Free Cash Flow: $322 million, representing 35% of revenue
- Cash and Cash Equivalents: $3.70 billion
3. Margins:
- Gross Profit Margin: 78%, with Subscription Margin at 80%
- Operating Margin: 22%, reflecting operational efficiencies.
The executive team highlighted CrowdStrike's strategies, stating, "Every CISO, CIO, and Board member I speak with is experimenting with using AI in new ways. The only way to safely harness the transformative nature of AI is through best-in-class security that operates at the speed and scale of AI built natively with AI with CrowdStrike."
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
921.04M
32.99%
8.96%
Gross Profit
696.03M
33.00%
9.43%
Operating Income
6.94M
-38.59%
-77.70%
Net Income
42.82M
8 620.98%
-20.26%
EPS
0.18
8 471.43%
-18.18%
Key Financial Ratios
Gross Profit Margin
Excellent
75.60%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
0.75%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Fair
4.65%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.63%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.69%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.71
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Moderate
0.31
Debt-to-equity indicates balanced capital structure with manageable debt
P/E Ratio
High Growth
413.99x
Very high P/E indicates aggressive growth expectations, higher risk
Price to Book
High Premium
27.97x
Very high premium suggests asset-light business model or lofty expectations
Management Insights Available for Members
Get exclusive access to management commentary, earnings call quotes, and forward guidance from company leadership.