"The enduring trust that prospects, customers, and the market have in CrowdStrike is demonstrated by our Q2 performance."
— George Kurtz
03Detailed Report
CRWD
CrowdStrike Holdings Inc
Period
Q2 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 19, 2026
Swipe to view all report sections
Executive Summary
CrowdStrike Holdings Inc (“CrowdStrike”) reported notable Q2 2025 results, achieving $964 million in revenue, which marks a 32% year-over-year increase. Despite facing operational challenges due to the Channel File 291 incident in July, the company demonstrated financial resilience with a net income of $47 million, showing a significant 454.92% growth year-over-year. Management remains optimistic, evidencing sustained customer trust and a strong sales pipeline, with ending Annual Recurring Revenue (ARR) hitting $3.86 billion, a 32% year-over-year growth. CEO George Kurtz emphasized the actions taken post-incident, reinforcing commitment to security and ensuring long-term trust with stakeholders, as the company maneuvers through a critical adaptive phase.
Key Performance Indicators
Revenue
Increasing
963.87M
QoQ: 4.65% | YoY: 31.74%
Gross Profit
Increasing
726.47M
75.40% margin
QoQ: 4.37% | YoY: 32.40%
Operating Income
Increasing
13.66M
QoQ: 96.91% | YoY: 188.84%
Net Income
Increasing
47.01M
QoQ: 9.79% | YoY: 454.92%
EPS
Increasing
0.19
QoQ: 5.56% | YoY: 433.71%
Revenue Trend
Margin Analysis
Financial Highlights
Revenue Performance:
- Total Revenue: $964 million (up 32% YoY, up 4.65% QoQ)
- Subscription Revenue: $918 million (up 33% YoY)
- Gross Profit: $726 million (gross profit margin of 75.4%)
Profitability:
- Net Income: $47 million (up 454.92% YoY)
- EPS: $0.19 (up 433.71% YoY)
- Operating Income: $13.66 million (operating margin of 1.4%)
Cash Flow:
- Free Cash Flow: $272 million (44% growth YoY)
- Cash at End of Period: $4.04 billion
Balance Sheet:
- Total Assets: $7.20 billion
- Total Liabilities: $4.31 billion
- Total Stockholders' Equity: $2.85 billion
Valuation Ratios:
- Price to Earnings Ratio: 301.08
- Price to Sales Ratio: 58.74
- Forward Price to Earnings Ratio: 54.20
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
963.87M
31.74%
4.65%
Gross Profit
726.47M
32.40%
4.37%
Operating Income
13.66M
188.84%
96.91%
Net Income
47.01M
454.92%
9.79%
EPS
0.19
433.71%
5.56%
Key Financial Ratios
Gross Profit Margin
Excellent
75.40%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
1.42%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Fair
4.88%
Net profit margin is moderate, room for improvement in cost management
Return on Assets
Weak
0.65%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
1.65%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.90
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Conservative
0.28
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
High Growth
301.08x
Very high P/E indicates aggressive growth expectations, higher risk
Price to Book
High Premium
19.85x
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.
Zscaler Inc (ZS) QQ2 2025 Earnings Review: ARR >$2.7B, NRR 115%, and AI-driven Data Protection Underpin Growth in a Rapidly Expanding Zero Trust Platf...