CrowdStrike said total revenue for the 3 months ended October 31, 2024 rose $224.2 million, or 29%, from a year earlier. Subscription revenue increased $229.3 million, or 31%, while professional services revenue fell $5.1 million, or 10%.

10-QQuarterly reportFiled Nov 27, 2024Period of report Oct 31, 2024Summary published (UTC) Oct 24, 2026

Key points

AI summary

CrowdStrike said total revenue for the 3 months ended October 31, 2024 rose $224.2 million, or 29%, from a year earlier. Subscription revenue increased $229.3 million, or 31%, while professional services revenue fell $5.1 million, or 10%.
The company disclosed costs related to the July 19 Incident of $15.1 million in sales and marketing, $3.5 million in research and development, and $15.3 million in general and administrative expenses for the 3 months ended October 31, 2024. The company said it could not reasonably estimate the amount or range of loss from the Incident.
CrowdStrike said net cash provided by operating activities was $1,036.0 million for the 9 months ended October 31, 2024. It said net income of $76.1 million, adjusted for non-cash items of $984.9 million and a net cash outflow of $25.0 million from changes in operating assets and liabilities, was reflected in that figure. Stock-based compensation expense was $592.9 million.
As of October 31, 2024, the company cited cash and cash equivalents of $4.3 billion and a $750.0 million Revolving Facility as sources of liquidity. The company also said it completed its acquisition of A.S. Adaptive Shield Ltd. on November 20, 2024, with consideration of $213.8 million net of $13.8 million of cash acquired.

Key figures

Quarter ended October 31, 2024

Revenue: $1.0B
Operating income: −$56M
Net income: −$17M
EPS: −$0.07
Gross profit: $755M

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Subscription revenue growth in the quarter ended October 31, 2024

CrowdStrike said total revenue for the 3 months ended October 31, 2024 rose $224.2 million, or 29%, from a year earlier. Subscription revenue increased $229.3 million, or 31%, while professional services revenue fell $5.1 million, or 10%.

Source · Based on the MD&A text of the filing

July 19 Incident costs

The company disclosed costs related to the July 19 Incident of $15.1 million in sales and marketing, $3.5 million in research and development, and $15.3 million in general and administrative expenses for the 3 months ended October 31, 2024. The company said it could not reasonably estimate the amount or range of loss from the Incident.

Source · Based on the MD&A text of the filing

Operating cash flow for 9 months

CrowdStrike said net cash provided by operating activities was $1,036.0 million for the 9 months ended October 31, 2024. It said net income of $76.1 million, adjusted for non-cash items of $984.9 million and a net cash outflow of $25.0 million from changes in operating assets and liabilities, was reflected in that figure. Stock-based compensation expense was $592.9 million.

Source · Based on the MD&A text of the filing

Liquidity and the Adaptive Shield acquisition

As of October 31, 2024, the company cited cash and cash equivalents of $4.3 billion and a $750.0 million Revolving Facility as sources of liquidity. The company also said it completed its acquisition of A.S. Adaptive Shield Ltd. on November 20, 2024, with consideration of $213.8 million net of $13.8 million of cash acquired.

Source · Based on the MD&A text of the filing

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

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