"The success of our program combined with the strong uptake of Falcon Flex gives us confidence in future net new ARR reacceleration as products are deployed, one-time discounts expire, and contracts are upsized and renewed." - Burt Podbere (CFO)
— Burt Podbere
03Detailed Report
CRWD
CrowdStrike Holdings Inc
Period
Q4 2025
CurrencyUSD
Report TypeQuarterly Earnings
GeneratedMay 14, 2026
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Executive Summary
In Q4 2025, CrowdStrike Holdings Inc (CRWD) reported revenues of $1.058 billion, demonstrating a year-over-year growth of 25% and surpassing analyst expectations. Despite facing challenges impacting profitability, including a GAAP net loss of $92.8 million driven by one-time expenses, the management expressed confidence in achieving robust growth with a record annual free cash flow of $1.07 billion. The company’s strategic initiatives, particularly the adoption of the Falcon Flex subscription model, and a strong ARR of $4.24 billion position CrowdStrike well for future growth amid evolving cybersecurity threats and market competition. Q4 features a dynamic shift towards AI-driven security solutions, underpinning CrowdStrike's competitive advantage in the market.
CrowdStrike has a strong gross dollar retention rate of 97%, indicating high customer satisfaction and commitment to its platform. The subscription revenue for Q4 topped $1 billion, representing 27% growth YoY, contributing significantly to the total revenue growth.
Income Statement
Metric
Value
YoY Change
QoQ Change
Revenue
1.06B
25.22%
4.79%
Gross Profit
784.55M
23.34%
3.90%
Operating Income
-85.30M
-374.29%
-53.08%
Net Income
-92.28M
-271.85%
-448.58%
EPS
-0.37
-268.18%
-440.15%
Key Financial Ratios
Gross Profit Margin
Excellent
74.10%
Gross profit margin is exceptional, indicating strong pricing power and operational efficiency
Operating Profit Margin
Weak
-0.08%
Operating margin is below industry norms, profitability concerns
Net Profit Margin
Weak
-0.09%
Net profit margin is below industry norms, profitability concerns
Return on Assets
Weak
-0.01%
Return on assets suggests inefficient capital allocation
Return on Equity
Weak
-0.03%
Return on equity suggests inefficient capital allocation
Current Ratio
Healthy
1.77
Current ratio shows adequate liquidity to meet short-term obligations
Debt to Equity
Conservative
0.24
Debt-to-equity shows conservative leverage and low financial risk
P/E Ratio
Negative
-266.29x
Negative earnings make P/E ratio not meaningful
Price to Book
High Premium
29.97x
Very high premium suggests asset-light business model or lofty expectations
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