Q2 25 EPS
$1.04
BEAT +7.22%
Est. $0.97
Q2 25 Revenue
$963.9M
BEAT +0.55%
Est. $958.6M
vs S&P Since Q2 25
+48.2%
BEATING MARKET
CRWD +77.3% vs S&P +29.1%
Market Reaction
Did CRWD Beat Earnings? Q2 2025 Results
CrowdStrike posted a resilient second quarter of fiscal 2025, beating Wall Street expectations on both the top and bottom lines even as the company navigated the fallout from its July 19 software outage. Non-GAAP diluted EPS of $1.04 cleared the $0.9… Read more CrowdStrike posted a resilient second quarter of fiscal 2025, beating Wall Street expectations on both the top and bottom lines even as the company navigated the fallout from its July 19 software outage. Non-GAAP diluted EPS of $1.04 cleared the $0.97 consensus by 7.22%, while revenue of $963.87 million edged ahead of the $958.58 million estimate and grew 31.7% year-over-year, powered by subscription revenue that expanded 33% to $918.26 million. The quarter's core strength came from deepening platform adoption, with total ending ARR climbing 32% to $3.86 billion and modules spanning next-gen SIEM, identity protection, and cloud security collectively crossing $1.00 billion in combined ARR. The outage was not without cost: $5.13 million in direct charges hit the quarter, and customer commitment packages are expected to reduce subscription revenue by roughly $30.00 million per quarter through the remainder of fiscal 2025. Management baked those headwinds into full-year guidance calling for revenue of $3.89 billion to $3.90 billion and non-GAAP diluted EPS of $3.61 to $3.65, underscoring confidence that retention has held firm despite a competitor-friendly backdrop in the cybersecurity sector.
Key Takeaways
- • 32% YoY ARR growth to $3.86 billion with $217.6 million in net new ARR
- • Subscription revenue growth of 33% YoY
- • Non-GAAP operating margin expanded to 24% from 21% YoY
- • LogScale Next-Gen SIEM, Identity Protection, and Cloud Security exceeded $1 billion in combined ending ARR
- • Module adoption deepening: 65% at 5+, 45% at 6+, 29% at 7+ modules
CRWD YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
CRWD Revenue by Segment
With YoY comparisons, source: SEC Filings
“Working with customers to recover from the July 19th incident, we emerge as an even more resilient and even more customer-obsessed CrowdStrike, continuing to aggressively invest in innovation. Our second quarter demonstrates the resilience of our business and platform – with LogScale Next-Gen SIEM, Identity Protection, and Cloud Security eclipsing $1 billion in combined ending ARR.”
— George Kurtz, Q2 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% |