Crowdstrike Q3 2021 Earnings Report
Key Takeaways
CrowdStrike reported a strong fiscal third quarter in 2021, with total revenue of $232.5 million, an 86% increase year-over-year. Subscription revenue grew by 87% to $213.5 million. The company added 1,186 net new subscription customers and achieved a record net new ARR of $117 million. CrowdStrike also demonstrated strong module adoption, with customers increasingly adopting four or more modules.
Total revenue increased by 86% year-over-year to $232.5 million.
Subscription revenue increased by 87% year-over-year to $213.5 million.
ARR increased 81% year-over-year to $907.4 million.
Added 1,186 net new subscription customers, reaching a total of 8,416 subscription customers.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Forward Guidance
CrowdStrike is providing the following guidance for the fourth quarter of fiscal 2021 (ending January 31, 2021) and increasing its guidance for fiscal year 2021 (ending January 31, 2021):
Positive Outlook
- Total revenue $245.5 - $250.5 million
- Non-GAAP income from operations $18.5 - $22.1 million
- Non-GAAP net income $17.7 - $21.3 million
- Non-GAAP net income per share, diluted $0.08 - $0.09
- Weighted average shares used in computing Non-GAAP net income per share attributable to common stockholders, diluted 236 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income