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Apr 30, 2025
Crowdstrike Q1 2026 Earnings Report
CrowdStrike reported strong Q1 2026 results with record ARR, robust Falcon Flex momentum, and a $1B share buyback announcement.
Key Takeaways
CrowdStrike delivered solid Q1 results with revenue of $1.10B and strong ARR growth to $4.44B, despite a GAAP net loss. The company posted record cash from operations and reaffirmed confidence in long-term growth with a new share repurchase plan.
ARR grew to $4.44 billion with $193.8 million net new ARR added.
Total revenue reached $1.10 billion, driven by 20% subscription growth.
Non-GAAP EPS was $0.73; GAAP EPS showed a loss of $0.44.
CrowdStrike authorized a $1 billion share repurchase program.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CrowdStrike expects continued revenue and profitability growth in Q2 and FY26, with significant Falcon Flex pipeline momentum and improving margins.
Positive Outlook
- Q2 FY26 revenue projected at $1.1447B–$1.1516B.
- Non-GAAP income from operations for Q2 expected to be $226.9M–$233.1M.
- Full-year revenue forecast raised to $4.7435B–$4.8055B.
- Non-GAAP EPS forecast for Q2 is $0.82–$0.84.
- Strong ARR growth and Falcon Flex expansions support second-half reacceleration.
Challenges Ahead
- GAAP net loss continues amid rising operating expenses.
- Lower non-GAAP subscription gross margin YoY (80% vs. 81%).
- Free cash flow declined YoY ($279M vs. $322M).
- Higher R&D and G&A expenses due to strategic initiatives and July 19 incident costs.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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