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Crowdstrike
🇺🇸 NASDAQ:CRWD
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•
Jan 31, 2021

Crowdstrike Q4 2021 Earnings Report

Crowdstrike's Q4 2021 earnings marked a record quarter, driven by substantial growth in ARR and customer acquisition.

Key Takeaways

CrowdStrike reported a strong fourth quarter and fiscal year 2021, with ARR surpassing $1 billion. The company achieved record net new ARR of $143 million and added a record 1,480 net new subscription customers. Revenue increased by 74% compared to the fourth quarter of fiscal 2020, and the company saw significant gains in operating leverage and profitability.

ARR surpassed $1 billion, driven by record net new ARR of $143 million.

Net new customer growth accelerated with a record 1,480 net new subscription customers.

Total revenue increased by 74% year-over-year, reaching $264.9 million.

The company delivered record operating and free cash flow.

Total Revenue
$265M
Previous year: $152M
+74.2%
EPS
$0.13
Previous year: -$0.02
-750.0%
Annual Recurring Revenue
$1.05B
Previous year: $601M
+74.9%
Gross Profit
$198M
Previous year: $109M
+82.3%
Cash and Equivalents
$1.92B
Previous year: $265M
+624.6%
Free Cash Flow
$97.4M
Previous year: $50.7M
+92.2%
Total Assets
$2.73B
Previous year: $1.4B
+94.5%

Crowdstrike

Crowdstrike

Crowdstrike Revenue by Segment

Crowdstrike Revenue by Geographic Location

Forward Guidance

CrowdStrike provided guidance for the first quarter of fiscal year 2022 and the full fiscal year 2022.

Positive Outlook

  • Q1 FY22 Total revenue is expected to be between $287.8 - $292.1 million
  • Q1 FY22 Non-GAAP income from operations is expected to be between $18.5 - $21.7 million
  • Q1 FY22 Non-GAAP net income is expected to be between $10.8 - $13.9 million
  • Q1 FY22 Non-GAAP net income per share, diluted is expected to be between $0.05 - $0.06
  • Full Year FY22 Total revenue is expected to be between $1,310.4 - $1,320.7 million

Challenges Ahead

  • FY22 Non-GAAP income from operations is expected to be between $94.8 - $102.5 million
  • FY22 Non-GAAP net income is expected to be between $63.8 - $71.4 million
  • FY22 Non-GAAP net income per share, diluted is expected to be between $0.27 - $0.30
  • Actual results may differ materially as a result of many factors.
  • Guidance for non-GAAP financial measures excludes stock-based compensation expense, amortization expense of acquired intangible assets, amortization of debt issuance costs and discount, and acquisition related acquisition-related expenses including tax costs for intellectual property integration.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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