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Jul 31, 2020
Crowdstrike Q2 2021 Earnings Report
CrowdStrike's momentum continued into the second quarter with net new ARR reaching a new record and exceeding $100 million.
Key Takeaways
CrowdStrike's Q2 2021 financial results showed strong growth with total revenue of $199.0 million, an 84% increase year-over-year, and ARR reaching $790.6 million, a growth of 87% year-over-year. The company added 969 net new subscription customers and generated positive operating and free cash flow for the fourth consecutive quarter.
Total revenue was $199.0 million, an 84% increase compared to the second quarter of fiscal 2020.
ARR increased 87% year-over-year and grew to $790.6 million.
Added 969 net new subscription customers, bringing the total to 7,230.
GAAP loss from operations was $30.0 million, improved from $50.6 million in the second quarter of fiscal 2020.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Crowdstrike Revenue by Geographic Location
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com Forward Guidance
CrowdStrike is providing guidance for the third quarter of fiscal year 2021 and increasing its guidance for fiscal year 2021.
Positive Outlook
- Total revenue Q3 FY21: $210.6 - $215.0 million
- Total revenue Full Year FY21: $809.1 - $826.7 million
- Non-GAAP income from operations Q3 FY21: $(1.4) - $1.6 million
- Non-GAAP income from operations Full Year FY21: $3.6 - $16.4 million
- Non-GAAP net income Q3 FY21: $(2.2) - $0.9 million
Challenges Ahead
- Non-GAAP net income Full Year FY21: $5.6 - $18.4 million
- Non-GAAP net income per share, diluted Q3 FY21: $(0.01) - $0.00
- Non-GAAP net income per share, diluted Full Year FY21: $0.02 - $0.08
- Weighted average shares used in computing Non-GAAP net loss per share attributable to common stockholders, diluted: 219 million
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted: 235 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income