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Jan 31, 2023
Crowdstrike Q4 2023 Earnings Report
Crowdstrike's Q4 2023 earnings exceeded expectations with record net new ARR, customer additions, and cash flow, demonstrating the strength of the Falcon platform.
Key Takeaways
CrowdStrike reported a strong fourth quarter with revenue of $637.4 million, a 48% increase year-over-year. The company achieved record net new ARR of $222 million and record free cash flow of $209 million. GAAP net loss attributable to CrowdStrike was $47.5 million, while non-GAAP net income was $111.6 million.
Record net new ARR of $222 million was achieved.
Ending ARR grew 48% year-over-year to reach $2.56 billion.
Record cash flow from operations of $273 million and record free cash flow of $209 million were reported.
Total revenue increased by 48% year-over-year, reaching $637.4 million.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
CrowdStrike is providing guidance for the first quarter of fiscal year 2024 and full fiscal year 2024. Total revenue is expected to be between $674.9 - $678.2 million for Q1 and $2,955.1 - $3,014.8 million for FY24.
Positive Outlook
- Total revenue for Q1 FY24 is expected to be between $674.9 - $678.2 million.
- Non-GAAP income from operations for Q1 FY24 is expected to be $107.1 - $109.5 million.
- Non-GAAP net income attributable to CrowdStrike for Q1 FY24 is expected to be $121.1 - $123.5 million.
- Total revenue for FY24 is expected to be between $2,955.1 - $3,014.8 million.
- Non-GAAP income from operations for FY24 is expected to be $474.0 - $518.7 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income