CrowdStrike (CRWD) investor relations material

Executive summary

• Achieved record net new ARR of $333 million, up 51% year-over-year, with ending ARR reaching $5.84 billion, a 25% increase year-over-year.

• Total revenue grew 26% year-over-year to $1.47 billion, with subscription revenue up 27% and platform adoption accelerating.

• Non-GAAP operating income reached $372 million (25% margin), up 46% year-over-year; non-GAAP diluted EPS was $0.31, up 34% year-over-year.

• Free cash flow was $377 million (26% margin), up 33% year-over-year, with record Q2 cash flow from operations of $530 million.

• Net income for the quarter was $5.3 million, reversing a prior year loss, and cash and equivalents stood at $5.01 billion.

Financial highlights

• Subscription revenue rose 27% year-over-year to $1.40 billion; professional services revenue hit a record $71 million.

• Non-GAAP gross margin was 79%, up 110 basis points year-over-year; subscription gross margin was 81%.

• Non-GAAP net income was $323 million ($0.31 per diluted share), up 34% year-over-year.

• Cash and equivalents grew to $5.01 billion; record Q2 cash flow from operations of $530 million.

• U.S. revenue accounted for 65% of total, with EMEA at 18%, APAC at 11%, and Other at 6%.

Outlook and guidance

• FY 2027 net new ARR guidance raised to $1.355 billion at midpoint, up $116 million from initial outlook; expected FY 2027 net new ARR growth of 34%.

• Q3 FY 2027 ARR expected between $6.18–$6.19 billion; revenue $1.52–$1.53 billion.

• FY 2027 total revenue expected at $5.99–$6.01 billion; non-GAAP net income $1.30–$1.31 billion; EPS $1.25–$1.26.

• Free cash flow margin expected at 27.5% for Q3 and at least 30% for FY 2027.

• Non-GAAP tax rate set at 21.0%.