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Oct 31, 2021
Crowdstrike Q3 2022 Earnings Report
CrowdStrike's Q3 2022 earnings showcased robust growth with accelerated net new ARR, surpassing $1.5 billion in ending ARR, and record operating and free cash flow.
Key Takeaways
CrowdStrike reported a strong third quarter with significant growth in ARR, revenue, and customer acquisition. The company's ARR grew 67% year-over-year to exceed $1.5 billion, with net new ARR accelerating. Total revenue increased by 63% compared to the previous year, and the company added over 1,600 net new subscription customers for the second consecutive quarter. CrowdStrike also delivered record operating and free cash flow.
Net new ARR growth accelerated.
Ending ARR grew 67% year-over-year, surpassing $1.5 billion.
Added over 1,600 net new subscription customers for the second consecutive quarter.
Delivered record operating and free cash flow.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
CrowdStrike is providing the following guidance for the fourth quarter of fiscal 2022 (ending January 31, 2022) and increasing its guidance for fiscal year 2022 (ending January 31, 2022):
Positive Outlook
- Total revenue $406.5 - $412.3 million
- Total revenue $1,427.1 - $1,432.9 million
- Non-GAAP income from operations $55.2 - $59.5 million
- Non-GAAP income from operations $171.0 - $175.3 million
- Non-GAAP net income attributable to CrowdStrike $45.2 - $49.4 million
Challenges Ahead
- Non-GAAP net income attributable to CrowdStrike $135.4 - $139.7 million
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.19 - $0.21
- Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.57 - $0.59
- Weighted average shares used in computing non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted 241 million
- Weighted average shares used in computing non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted 238 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income