CrowdStrike Reports Q1 FY26 Results and Share Repurchase Plan

CrowdStrike Holdings, Inc. announced financial results for the first quarter fiscal year 2026, ended April 30, 2025.

“We started the fiscal year with record Q1 large deal and MSSP momentum alongside sustained 97% gross retention and consistently strong net retention as the market consolidates on Falcon as its cybersecurity platform of choice for the agentic AI era,” said George Kurtz, Founder and CEO. “The scale of Falcon Flex demand and the pace of innovation across AI, next-gen SIEM, cloud, identity, and exposure management advances us towards $10 billion in ending ARR. Today’s announced share repurchase reflects our confidence in CrowdStrike’s future and unwavering mission of stopping breaches.”

Commenting on the company's financial results, Burt Podbere, CrowdStrike's chief financial officer, added, "We achieved net new ARR and bottom-line results ahead of our expectations and generated record cash flow from operations. Our conviction in net new ARR re-acceleration and margin expansion in the second half of fiscal year 2026 is reinforced by Falcon Flex deal momentum and early Falcon Flex expansions, strong competitive win rates and robust pipeline for the second half of fiscal year 2026.”

First Quarter Fiscal 2026 Financial Highlights

• Revenue: Total revenue was $1.10 billion, a 20% increase, compared to $921.0 million in the first quarter of fiscal 2025. Subscription revenue was $1.05 billion, a 20% increase, compared to $872.2 million in the first quarter of fiscal 2025.
• Annual Recurring Revenue (ARR) grew 22% year-over-year to $4.44 billion as of April 30, 2025, of which $193.8 million was net new ARR added in the quarter.
• Subscription Gross Margin: GAAP subscription gross margin was 77%, compared to 78% in the first quarter of fiscal 2025. Non-GAAP subscription gross margin was 80%, compared to 81% in the first quarter of fiscal 2025.
• Income/Loss from Operations: GAAP loss from operations was $124.7 million, compared to GAAP income from operations of $6.9 million in the first quarter of fiscal 2025. Non-GAAP income from operations was $201.1 million, compared to $213.3 million in the first quarter of fiscal 2025.
• Net Income/Loss Attributable to CrowdStrike: GAAP net loss attributable to CrowdStrike was $110.2 million, compared to GAAP net income attributable to CrowdStrike of $42.8 million in the first quarter of fiscal 2025. GAAP net loss per share attributable to CrowdStrike, diluted, was $0.44, compared to GAAP net income per share attributable to CrowdStrike, diluted, of $0.17 in the first quarter of fiscal 2025. Non-GAAP net income attributable to CrowdStrike was $184.7 million, compared to $196.8 million in the first quarter of fiscal 2025. Non-GAAP net income attributable to CrowdStrike per share, diluted, was $0.73, compared to $0.79 in the first quarter of fiscal 2025.
• Cash Flow: Net cash generated from operations was a record $384.1 million, compared to $383.2 million in the first quarter of fiscal 2025. Free cash flow was $279.4 million, compared to $322.5 million in the first quarter of fiscal 2025.
• Cash and Cash Equivalents grew to a record $4.61 billion as of April 30, 2025.

Share Repurchase Authorization

CrowdStrike’s board of directors approved a share repurchase program of up to $1 billion of CrowdStrike’s common stock. The authorization gives CrowdStrike flexibility to repurchase shares of its common stock opportunistically, depending on market prices and other factors. Repurchases may be made from time to time using a variety of methods, including open market purchases, privately negotiated transactions, 10b5-1 trading plans and other means. The timing, manner, price and amount of any repurchases will be determined by CrowdStrike in its discretion and will depend on a variety of factors, including legal requirements, market prices and economic and market conditions.

Recent Highlights

• CrowdStrike’s module adoption rates were 48%, 32%, and 22% for six or more, seven or more, and eight or more modules, respectively, as of April 30, 20251.
• Announced the general availability of Falcon Privileged Access, a new module within Falcon Identity Protection.
• Unveiled Charlotte AI Agentic Response and Charlotte AI Agentic Workflows, marking a leap forward in modern SOC operations.
• Announced new innovations, including AI Model Scanning and detection of Shadow AI, to secure every area of cloud risk and groundbreaking agentic AI innovations built on NVIDIA AI software, setting a new standard for AI-powered cybersecurity.
• Delivered the first and only solution to bring managed threat hunting to third-party data, Falcon Adversary OverWatch Next-Gen SIEM.
• Revealed new Falcon Data Protection innovations, enabling security teams to protect sensitive data across endpoints, cloud environments and GenAI and SaaS applications to prevent exfiltration by insiders and identity-based attackers.
• Introduced new CrowdStrike Falcon Exposure Management innovations, accelerating cybersecurity consolidation by eliminating outdated vulnerability management tools and extending AI-powered risk prioritization to network assets.
• Announced a collaboration with Microsoft (Nasdaq: MSFT) to bring clarity and coordination to how cyber threat actors are identified and tracked across security vendors to accelerate cyber defenders’ response against today’s and tomorrow’s most sophisticated adversaries.
• Launched the new Services Partner Program, empowering global system integrators (GSIs), managed service providers (MSPs) and managed security service providers (MSSPs) to accelerate CrowdStrike Falcon Next-Gen SIEM adoption.
• Received the 2025 Google Cloud Security Partner of the Year Award for Workload Security, and expanded partnership with Google Cloud to enable end-to-end security for AI innovation - from code to cloud – with CrowdStrike Falcon Cloud Security.
• Recognized as Optiv’s 2024 Partner of the Year.
• Achieved Federal Risk and Authorization Management Program (FedRAMP) High Authorization, FedRAMP’s most rigorous security compliance standard.
• Named a Leader and Fast Mover in the 2025 GigaOm Radar Report for XDR2.
• Named a Leader and Out Performer in the 2025 GigaOm Radar Report for Identity Threat Detection and Response (ITDR)3.
• Recognized as an innovation and growth Leader in the inaugural 2025 Frost Radar™: Cloud and Application Runtime Security4, scoring highest of all vendors on the Innovation Index.