The earnings call was largely positive, with significant achievements including record ARR and subscription revenue growth, successful adoption of the Falcon Flex model, and strategic acquisitions enhancing platform capabilities. However, the lingering impact of the July 19 incident and challenges in sales cycles and visibility present notable hurdles.

Company Guidance

During the CrowdStrike Q3 2025 earnings call, guidance for the upcoming quarter and year was provided, highlighting several key metrics and trends. Total revenue for Q3 surpassed $1 billion for the first time, with subscription revenue growing 31% year-over-year. Ending Annual Recurring Revenue (ARR) exceeded $4 billion, marking a 27% growth compared to the previous year, despite challenges from a recent incident that impacted sales cycles and upsell rates. The company maintained a gross retention rate of over 97%, while the dollar-based net retention rate was 115%. The Falcon Flex subscription model contributed significantly to this growth, with over 150 transactions in the quarter, representing more than $600 million in deal value. Looking forward, CrowdStrike expects total Q4 revenue to range between $1.0287 billion and $1.0354 billion, reflecting a 22% year-over-year growth rate. For the full fiscal year 2025, revenue is anticipated to be between $3.9238 billion and $3.9305 billion, with non-GAAP net income expected to be between $937.5 million and $942.6 million. The company also aims for $10 billion in ending ARR by fiscal year 2031.

Record ARR Milestone

Ending ARR surpassed $4 billion, marking CrowdStrike as the fastest pure-play cybersecurity software company to achieve this milestone, with a growth of 27% year-over-year.

Subscription Revenue Growth

Subscription revenue grew 31% year-over-year, contributing to a total revenue of over $1 billion for the first time in company history.

Falcon Flex Success

Closed more than 150 Falcon Flex transactions, representing over $600 million in total deal value, and driving rapid platform adoption.

Strong Customer Retention

Q3 gross retention was over 97%, showcasing strong customer loyalty and satisfaction with the Falcon platform.

Strategic Acquisitions

Acquisition of Adaptive Shield to enhance SaaS security posture management, further differentiating the Falcon platform's Cloud Security Suite.

Next-Gen SIEM Growth

Net new ARR growth for Next-Gen SIEM accelerated to over 150% year-over-year at multi-hundred-million-dollar scale.

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CrowdStrike Holdings (CRWD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CRWD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 11, 2025	2025 (Q4)	0.86 / -	0.95	―	―	―
Nov 26, 2024	2025 (Q3)	0.81 / 0.93	0.82	13.41% (+0.11)
Aug 28, 2024	2025 (Q2)	0.99 / 1.04	0.74	40.54% (+0.30)
Jun 04, 2024	2025 (Q1)	0.90 / 0.93	0.57	63.16% (+0.36)
Mar 05, 2024	2024 (Q4)	0.82 / 0.95	0.47	102.13% (+0.48)
Nov 28, 2023	2024 (Q3)	0.74 / 0.82	0.4	105.00% (+0.42)
Aug 30, 2023	2024 (Q2)	0.59 / 0.74	0.36	105.56% (+0.38)
May 31, 2023	2024 (Q1)	0.51 / 0.57	0.31	83.87% (+0.26)
Mar 07, 2023	2023 (Q4)	0.43 / 0.47	0.3	56.67% (+0.17)
Nov 29, 2022	2023 (Q3)	0.32 / 0.40	0.17	135.29% (+0.23)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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CRWD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 26, 2024	$364.30	$347.59	-4.59%
Aug 28, 2024	$264.20	$271.67	+2.83%
Jun 04, 2024	$305.58	$342.18	+11.98%
Mar 05, 2024	$297.56	$329.57	+10.76%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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