CrowdStrike Hits $3 Billion Annual Recurring Revenue

CrowdStrike was added to the S&P 500 Index, on Monday, making CrowdStrike the fastest cybersecurity company to attain this achievement.

CrowdStrike’s inclusion in the S&P 500 reflects its track record of industry leadership and innovation, transforming cybersecurity with AI through a single platform that stops breaches. CrowdStrike brought SaaS cybersecurity to the cloud, natively built the Falcon platform with AI from the start and has consistently delivered hyper growth results since its blockbuster 2019 IPO.

In Q3 FY2024, CrowdStrike achieved over $3 billion in Annual Recurring Revenue (ARR), making it the fastest and only pureplay cybersecurity software vendor in history to reach this milestone. In its most recently completed quarter, CrowdStrike delivered a record ending ARR of $3.65 billion, a 33 percent increase year-over-year. This growth at scale showcases how the industry-leading, AI and cloud-native CrowdStrike Falcon® platform is revolutionizing modern security – delivering best-in-class protection, category-creating innovation and cybersecurity consolidation.

“We founded CrowdStrike on the belief that the future of security would be driven by AI and a cloud-native architecture that could collect data at scale. We built the first cybersecurity platform, born in the cloud, AI-native, with a single, intelligent sensor that forever changed what organizations expect from modern security,” said George Kurtz, CEO and Founder, CrowdStrike. “From day one, the CrowdStrike team has been steadfast in our mission to protect customers and stop breaches. This mission endures, serving as our north star on the path to sustained impact today and well into our future.”

Supporting Quotes:

Marc Benioff, Chair and CEO, Salesforce: “Just as Salesforce created the SaaS model that revolutionized business operations, CrowdStrike has transformed how cybersecurity is delivered and experienced. CrowdStrike is a critical cybersecurity partner, allowing us to consolidate multiple products on the Falcon platform. CRM is Salesforce. Cybersecurity is CrowdStrike.”

Matt Garman, CEO, AWS: “CrowdStrike’s inclusion in the S&P 500 is a well-deserved milestone that underscores their pioneering work in cybersecurity. CrowdStrike is a trusted AWS customer and partner, and we have a long history of working together to secure sensitive data and workloads for the world’s most innovative and highly regulated organizations, from startups to enterprises to governments. Congratulations to the CrowdStrike team on this significant achievement.”

Toto Wolff, Team Principal & CEO, Mercedes-AMG Petronas Formula One Team: “In car production and motorsport, speed, quality and consistency are key to success. Working closely with George Kurtz and the CrowdStrike team, I couldn’t be prouder of the cybersecurity outcomes they deliver. Stopping breaches requires extreme speed, and that’s exactly what the AI-native Falcon platform delivers. Congratulations to CrowdStrike on reaching the exclusive S&P 500 list.”