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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.
Crowdstrike
Crowdstrike
Crowdstrike Revenue by Segment
Crowdstrike Revenue by Geographic Location
Revenue by Segment
Subscription Revenue
CapyFin.comProfessional Services Revenue
CapyFin.comRevenue by Geographic Location
Total Revenue
CapyFin.com 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