CrowdStrike Holdings Inc Reports Third Quarter Fiscal Year 2025 Financial Results
Intellectia.AI2024-11-27
CrowdStrike Holdings, Inc. Reports Third Quarter Fiscal Year 2025 Financial Results
CrowdStrike Holdings, Inc. (NASDAQ: CRWD), a leader in cybersecurity technology, released its financial results for the third quarter of fiscal year 2025, which ended on October 31, 2024. The company showcased significant growth and notable achievements in revenue milestones and operational success.
Key Financial Metrics
| Metric | Q3 Fiscal 2025 | Q3 Fiscal 2024 | Year-over-Year Change | Consensus Estimate |
|---|---|---|---|---|
| Total Revenue | $1,010.2 million | $786.0 million | +29% | $983.1 million |
| Earnings Per Share (Non-GAAP) | $0.93 | $0.82 | +13.4% | $0.81 |
| Net Income (GAAP) | -$16.8 million | $26.7 million gain | - | - |
| Free Cash Flow | $230.6 million | $239.0 million | -3.5% | - |
CrowdStrike surpassed Wall Street's consensus estimates for both revenue and non-GAAP earnings per share, reflecting strong operational performance and strategic execution in the cybersecurity space.
Revenue Breakdown by Segment
| Segment | Q3 Fiscal 2025 Revenue | Year-over-Year Change |
|---|---|---|
| Subscription Revenue | $962.7 million | +31% |
CrowdStrike's revenue performance was primarily driven by a robust 31% increase in subscription revenue, underscoring the company's effectiveness in expanding its market reach and solidifying its platform's appeal to existing and new customers.
Key Developments and Operational Highlights
- Surpassed $4 billion in Annual Recurring Revenue (ARR), representing a 27% growth year-over-year.
- Notable achievements in module adoption, with over 97% gross retention rate.
- Recognized as a leader in multiple industry reports, including the Gartner Magic Quadrant for Endpoint Protection Platforms.
- Strategic acquisitions and partnerships, including Adaptive Shield and collaboration with Fortinet for enhanced security solutions.
Executive Comments
George Kurtz, Founder and CEO, expressed enthusiasm over CrowdStrike's milestone achievements, particularly highlighting the technological superiority of the Falcon platform. CFO Burt Podbere emphasized the company's focused execution and strong finish despite external challenges such as the July 19th incident, which impacted some operations but did not deter overall progress.
Forward Guidance
CrowdStrike provided financial guidance for the fourth quarter of fiscal year 2025, signaling continued growth and optimism about future prospects. However, specifics were not detailed in the report.
Stock Price Movement
Following the release of the earnings report, CrowdStrike's stock saw a slight increase of approximately 0.28%, suggesting a positive market reception to the company's performance and outlook.
Overall, CrowdStrike's third-quarter results underline its strong position within the cybersecurity sector, supported by innovative technology offerings and strategic market initiatives.
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