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Apr 30, 2020
Crowdstrike Q1 2021 Earnings Report
Crowdstrike achieved strong momentum and delivered results that exceeded expectations across the board.
Key Takeaways
CrowdStrike's Q1 2021 shows strong growth with an 85% increase in total revenue, reaching $178.1 million. The company also saw an 88% increase in ARR, reaching $686.1 million, and achieved record operating and free cash flow.
Total revenue was $178.1 million, an 85% increase year-over-year.
ARR increased 88% year-over-year to $686.1 million.
GAAP loss from operations was $22.6 million, while non-GAAP income from operations was $1.2 million.
Net cash generated from operations was $98.6 million, and free cash flow was $87.0 million.
Revenue by Segment
Forward Guidance
CrowdStrike is providing guidance for the second quarter of fiscal 2021 (ending July 31, 2020) and increasing its guidance for fiscal year 2021 (ending January 31, 2021).
Positive Outlook
- Total revenue between $185.8 - $190.3 million for Q2 FY21
- Total revenue between $761.2 - $772.6 million for Full Year FY21
- Non-GAAP loss from operations between $(3.1) - $0.0 million for Q2 FY21
- Non-GAAP loss from operations between $(19.2) - $(11.1) million for Full Year FY21
- Weighted average shares used in computing Non-GAAP net loss per share attributable to common stockholders, basic and diluted 216 million for Q2 FY21 and 220 million for FY21
Challenges Ahead
- Non-GAAP net loss between $(3.8) - $(0.7) million for Q2 FY21
- Non-GAAP net loss between $(18.1) - $(9.9) million for Full Year FY21
- Non-GAAP net loss per share, basic and diluted between $(0.02) - $0.00 for Q2 FY21
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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