CrowdStrike (CRWD) investor relations material

Executive summary

• Achieved record Q1 net new ARR of $256M, up 32% year-over-year, and total revenue of $1.39B, up 26% year-over-year, with free cash flow at $468M and operating income at $326M, both up significantly year-over-year.

• Platform adoption accelerated, with 51% of customers using six or more modules, and strong customer retention and expansion, including major AI partnerships.

• Announced a four-for-one stock split, effective July 2, 2026, to increase accessibility for investors.

• Recognized as a leader in endpoint protection and AI-driven security, with industry accolades and expanded partnerships with OpenAI, Anthropic, AWS, and others.

Financial highlights

• Ending ARR reached $5.51B, up 24% year-over-year, with $255.8M net new ARR added in Q1.

• Subscription revenue grew 26% year-over-year to $1.32B, with non-GAAP subscription gross margin at 81% and GAAP at 78%.

• Non-GAAP net income was $283.4M ($1.10 per diluted share), GAAP net income was $27.8M, and cash and equivalents totaled $4.55B.

• Cash flow from operations was $590.9M, with free cash flow margin at 34%.

• Repurchased $176M of shares; $1.3B remains under repurchase authorization.

Outlook and guidance

• FY27 net new ARR growth guidance raised to 27.7% at midpoint, with total revenue expected between $5.915B–$5.96B.

• Q2 FY27 guidance: ARR of $5.79B, revenue of $1.44B, non-GAAP operating income of $346–$349M, and diluted EPS of $1.16–$1.17.

• FY27 non-GAAP operating income expected between $1.45B–$1.48B; non-GAAP net income between $1.263B–$1.285B.

• Free cash flow margin expected at least 30% for FY27.

• Non-GAAP tax rate set at 21.0% due to legislative changes.