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Crowdstrike
🇺🇸 NASDAQ:CRWD
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•
Jan 31, 2024

Crowdstrike Q4 2024 Earnings Report

Crowdstrike's Q4 2024 earnings report was exceptionally strong, marked by record net new ARR growth and GAAP net income.

Key Takeaways

Crowdstrike reported a strong fourth quarter in fiscal year 2024, with ending ARR reaching $3.44 billion, a 34% year-over-year increase. Net new ARR growth accelerated to 27% year-over-year, reaching a record $282 million. The company achieved its fourth consecutive quarter of record GAAP and non-GAAP net income and delivered record operating and free cash flow.

Ending ARR grew 34% year-over-year to reach $3.44 billion.

Net new ARR growth accelerated to 27% year-over-year, reaching a record $282 million.

Achieved fourth consecutive quarter of both record GAAP and non-GAAP net income.

Delivered record operating and free cash flow.

Total Revenue
$845M
Previous year: $637M
+32.6%
EPS
$0.95
Previous year: $0.47
+102.1%
Annual Recurring Revenue
$3.44B
Previous year: $2.56B
+34.4%
Gross Profit
$637M
Previous year: $462M
+37.9%
Cash and Equivalents
$3.47B
Previous year: $2.46B
+41.3%
Free Cash Flow
$283M
Previous year: $210M
+35.1%
Total Assets
$6.65B
Previous year: $5.03B
+32.2%

Crowdstrike

Crowdstrike

Crowdstrike Revenue by Segment

Crowdstrike Revenue by Geographic Location

Forward Guidance

CrowdStrike is providing guidance for the first quarter of fiscal year 2025 (ending April 30, 2024) and fiscal year 2025 (ending January 31, 2025).

Positive Outlook

  • Total revenue for Q1 FY25 is expected to be $902.2 - $905.8 million.
  • Non-GAAP income from operations for Q1 FY25 is expected to be $188.1 - $190.8 million.
  • Non-GAAP net income attributable to CrowdStrike for Q1 FY25 is expected to be $220.4 - $223.1 million.
  • Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted for Q1 FY25 is expected to be $0.89 - $0.90.
  • Total revenue for FY25 is expected to be $3,924.9 - $3,989.0 million.

Challenges Ahead

  • Non-GAAP income from operations for FY25 is expected to be $863.6 - $913.0 million.
  • Non-GAAP net income attributable to CrowdStrike for FY25 is expected to be $940.3 - $989.7 million.
  • Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted for FY25 is expected to be $3.77 - $3.97.
  • Guidance for non-GAAP financial measures excludes stock-based compensation expense.
  • Guidance excludes amortization expense of acquired intangible assets, amortization of debt issuance costs and discount, mark-to-market adjustments on deferred compensation liabilities.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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