Q3 25 EPS
$0.93
BEAT +14.97%
Est. $0.81
Q3 25 Revenue
$1.01B
BEAT +2.76%
Est. $983.0M
vs S&P Since Q3 25
+12.3%
BEATING MARKET
CRWD +32.7% vs S&P +20.3%
Market Reaction
Did CRWD Beat Earnings? Q3 2025 Results
CrowdStrike posted a stronger-than-expected third quarter for fiscal 2025, with revenue climbing 28.5% year over year to $1.01 billion and non-GAAP diluted EPS of $0.93 beating the $0.81 consensus estimate by nearly 15%, even as the company continued… Read more CrowdStrike posted a stronger-than-expected third quarter for fiscal 2025, with revenue climbing 28.5% year over year to $1.01 billion and non-GAAP diluted EPS of $0.93 beating the $0.81 consensus estimate by nearly 15%, even as the company continued absorbing fallout from the July 19 Falcon sensor incident that disrupted certain Windows systems earlier this year. The headline beat was anchored by subscription revenue of $962.74 million, up 31% from a year ago, and Annual Recurring Revenue crossing $4.02 billion with $153 million in net new ARR added during the quarter. Notably, gross retention held above 97%, suggesting limited customer defection despite the high-profile outage, though $33.92 million in incident-related costs contributed to a GAAP operating loss of $55.72 million. Some analysts have flagged valuation concerns around the stock in the aftermath of the quarter. Looking ahead, management guided Q4 revenue of $1.03 billion to $1.04 billion and full-year fiscal 2025 revenue of $3.92 billion to $3.93 billion, with non-GAAP EPS of $3.74 to $3.76 for the full year.
Key Takeaways
- • 27% year-over-year ARR growth to $4.02 billion
- • Over 97% gross retention rate
- • Module adoption acceleration: 66% at 5+ modules, 47% at 6+, 31% at 7+, 20% at 8+
- • Subscription revenue growth of 31% year-over-year
- • Customer commitment packages driving deeper customer relationships post-July 19 Incident
- • Falcon Flex subscription model adoption
CRWD YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CRWD Revenue by Segment
With YoY comparisons, source: SEC Filings
“CrowdStrike surpassed $4 billion in ending ARR in the quarter - the fastest and only pure play cybersecurity software company to reach this reported milestone - as our single platform approach and trailblazing innovation continue to resonate at-scale.”
— George Kurtz, Q3 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% |