Q1 25 EPS
$0.93
BEAT +4.49%
Est. $0.89
Q1 25 Revenue
$921.0M
BEAT +1.81%
Est. $904.7M
vs S&P Since Q1 25
+4.9%
BEATING MARKET
CRWD +39.7% vs S&P +34.8%
Market Reaction
Did CRWD Beat Earnings? Q1 2025 Results
CrowdStrike opened fiscal 2026's first quarter with a clean beat on both top and bottom lines, reporting non-GAAP diluted EPS of $0.93 against a consensus estimate of $0.89, a 4.49% beat, while revenue of $921.04 million topped expectations of $904.6… Read more CrowdStrike opened fiscal 2026's first quarter with a clean beat on both top and bottom lines, reporting non-GAAP diluted EPS of $0.93 against a consensus estimate of $0.89, a 4.49% beat, while revenue of $921.04 million topped expectations of $904.66 million and grew 33% year-over-year. The primary engine behind the results was the continued momentum of the Falcon platform, where subscription revenue climbed 34% to $872.17 million and Annual Recurring Revenue expanded 33% to $3.65 billion, with net new ARR of $211.70 million. Operating leverage was equally notable; non-GAAP operating income reached $198.74 million, expanding the non-GAAP operating margin to 22% from 17% a year ago, while free cash flow of $322.46 million represented a 35% free cash flow margin. Even as some broader cybersecurity sector sentiment has faced pressure from peers offering cautious outlooks, CrowdStrike raised its full-year FY25 revenue guidance to a range of $3.98 billion to $4.01 billion, with non-GAAP EPS guided at $3.93 to $4.03, signaling continued confidence in platform-driven growth.
Key Takeaways
- • 33% year-over-year ARR growth reaching $3.65 billion
- • Net new ARR of $212 million, growing 22% year-over-year
- • Deepening module adoption: 65% on 5+ modules, 44% on 6+, 28% on 7+
- • Platform consolidation as customers standardize on Falcon
- • Non-GAAP operating margin expansion to 22% from 17% year-over-year
- • Free cash flow margin of 35%, Rule of 68 on a free cash flow basis
CRWD YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
CRWD Revenue by Segment
With YoY comparisons, source: SEC Filings
“CrowdStrike started the fiscal year from a position of momentum and exceptional strength, with net new ARR of $212 million growing 22% year-over-year and ending ARR growing 33% year-over-year to reach $3.65 billion.”
— George Kurtz, Q1 2025 Earnings Press Release
CRWD Earnings Trends
CRWD vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CRWD EPS Trend
Earnings per share: estimate vs actual
CRWD Revenue Trend
Quarterly revenue: estimate vs actual
CRWD Quarterly Results
8 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $1.10 | $1.12 | +1.82% | $1.31B | +0.61% |
| FY Full Year | $3.72 | $3.73 | +0.35% | $4.81B | +0.17% |
| Q3 26 BEAT | $0.94 | $0.96 | +1.99% | $1.23B | +1.53% |
| Q2 26 BEAT | $0.83 | $0.93 | +12.05% | $1.17B | +1.63% |
| Q1 26 BEAT | $0.66 | $0.73 | +10.62% | $1.10B | -0.17% |
| Q4 25 BEAT FY | $0.86 | $1.03 | +19.77% | $1.06B | +2.26% |
| FY Full Year | $3.76 | $3.93 | +4.45% | $3.95B | +0.59% |
| Q3 25 BEAT | $0.81 | $0.93 | +14.97% | $1.01B | +2.76% |
| Q2 25 BEAT | $0.97 | $1.04 | +7.22% | $963.9M | +0.55% |
| Q1 25 BEAT | $0.89 | $0.93 | +4.49% | $921.0M | +1.81% |