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CrowdStrike logoCrowdStrike CRWD

The company said total revenue for Q3 ended October 31, 2024 was $1,010.2 million, up 29% from $786.0 million a year earlier. Subscription revenue rose 31% to $962.7 million.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said total revenue for Q3 ended October 31, 2024 was $1,010.2 million, up 29% from $786.0 million a year earlier. Subscription revenue rose 31% to $962.7 million.

  2. The company said it posted a GAAP operating loss of $55.7 million for Q3, compared with operating income of $3.2 million a year earlier, and a GAAP net loss attributable to CrowdStrike of $16.8 million. Non-GAAP income from operations was $194.9 million.

  3. CrowdStrike said net cash generated from operations was $326.1 million for Q3, and free cash flow was $230.6 million, compared with $239.0 million a year earlier. Cash and cash equivalents were $4.26 billion as of October 31, 2024.

  4. ARR grew 27% year over year to $4.02 billion as of October 31, 2024, the company said, and net new ARR for Q3 was $153.0 million. It also gave its total revenue outlook for fiscal 2025 as $3,923.8 million to $3,930.5 million.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Fiscal 2025 Q3 Total Revenue $1,010.2 million

The company said total revenue for Q3 ended October 31, 2024 was $1,010.2 million, up 29% from $786.0 million a year earlier. Subscription revenue rose 31% to $962.7 million.

Source · Based on the filing body and exhibits

Q3 GAAP Operating Loss $55.7 million

The company said it posted a GAAP operating loss of $55.7 million for Q3, compared with operating income of $3.2 million a year earlier, and a GAAP net loss attributable to CrowdStrike of $16.8 million. Non-GAAP income from operations was $194.9 million.

Source · Based on the filing body and exhibits

Q3 Operating and Free Cash Flow

CrowdStrike said net cash generated from operations was $326.1 million for Q3, and free cash flow was $230.6 million, compared with $239.0 million a year earlier. Cash and cash equivalents were $4.26 billion as of October 31, 2024.

Source · Based on the filing body and exhibits

ARR $4.02 billion and Full-Year Revenue Outlook

ARR grew 27% year over year to $4.02 billion as of October 31, 2024, the company said, and net new ARR for Q3 was $153.0 million. It also gave its total revenue outlook for fiscal 2025 as $3,923.8 million to $3,930.5 million.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.