CrowdStrike(CRWD) - 2026 Q1 - Quarterly Results

Report Overview and Filing Information This section details CrowdStrike Holdings, Inc.'s Form 8-K filing, including registrant identification, securities registration on Nasdaq, and its non-emerging growth company status Registrant and Filing Details This section identifies CrowdStrike Holdings, Inc. as the registrant, detailing its Delaware incorporation and the May 6, 2025 report date - Registrant: CrowdStrike Holdings, Inc.[1] - Date of Report (earliest event reported): May 6, 2025[1] Securities and Emerging Growth Status CrowdStrike's Class A common stock is listed on Nasdaq under CRWD, and the company is not classified as an emerging growth entity Securities Registered | Title of each class | Symbol(s) | Name of each exchange on which registered | | :-------------------------- | :-------- | :---------------------------------------- | | Class A common stock, $0.0005 par value | CRWD | The Nasdaq Stock Market LLC | - CrowdStrike is not an emerging growth company[3] Item 2.02 - Results of Operations and Financial Condition This section provides CrowdStrike's financial outlook, anticipating first-quarter fiscal 2026 results to meet or exceed guidance and reaffirming full fiscal year 2026 guidance Fiscal 2026 Financial Outlook CrowdStrike expects Q1 FY2026 results to meet or exceed guidance and reaffirms its full fiscal year 2026 financial outlook - Fiscal 2026 first quarter (ended April 30, 2025) financial results are expected to be in-line with or above guidance[4] - Guidance for the fiscal year 2026 (ending January 31, 2026) is reaffirmed[4] Item 2.05 - Costs Associated with Exit or Disposal Activities This section details CrowdStrike's strategic plan, including a workforce reduction and associated financial charges for efficiency and growth towards a $10 billion ARR goal Strategic Plan and Workforce Reduction CrowdStrike's strategic plan, announced May 6, 2025, aims for operational efficiency and $10 billion ARR, involving a 5% global workforce reduction - Strategic plan announced on May 6, 2025, to evolve operations for greater efficiencies and scale business[5] - Goal: Achieve $10 billion in ending ARR[5] - Workforce reduction: Approximately 500 positions (5% of global workforce)[5] Estimated Financial Charges Estimated charges for the strategic plan range from $36 million to $53 million, primarily for severance and stock-based compensation, excluded from non-GAAP measures Estimated Charges for Strategic Plan | Category | Estimated Amount (Millions) | | :------------------------------------- | :-------------------------- | | Total Estimated Charges | $36 - $53 | | Expected in Q1 FY2026 | ~$7 | | Primarily in Q2 FY2026 | Substantially the remainder | | Future Cash Expenditures (Severance, Benefits) | $19 - $26 | | Non-Cash Charges (Stock-based compensation) | $10 - $20 | - Charges associated with the Plan will be excluded from non-GAAP financial measures[6] - Actions associated with the Plan are expected to be substantially complete by the end of the second quarter of fiscal 2026[7] Item 7.01 - Regulation FD Disclosure This section discloses a CEO note to employees and announces the Q1 FY2026 earnings release and conference call schedule Employee Communication and Earnings Call Announcement Exhibit 99.1 includes a CEO note to employees, and Q1 FY2026 financial results will be released June 3, 2025, followed by a conference call - A note from CrowdStrike's CEO to employees regarding the strategic actions is attached as Exhibit 99.1[8] - Q1 FY2026 financial results (ended April 30, 2025) will be released on Tuesday, June 3, 2025, after U.S. market close[9] - A conference call to discuss results will be held on June 3, 2025, at 2:00 p.m. Pacific Time (5:00 p.m. Eastern time)[9] Forward-Looking Statements This section provides a cautionary disclaimer regarding forward-looking statements, highlighting inherent risks and uncertainties that could cause actual results to differ materially Disclaimer and Risk Factors This disclaimer warns that forward-looking statements are subject to risks and uncertainties, potentially causing actual results to differ materially - Report contains forward-looking statements regarding financial expectations, guidance, and the strategic plan[10] - Statements are subject to inherent risks and uncertainties; actual results could differ materially[10] - Risks include the plan costing more than anticipated, negative effects on recruiting/retaining skilled personnel, and business operations[10] Item 9.01 - Financial Statements and Exhibits This section lists the exhibits accompanying the Form 8-K filing, including a CEO note to employees and the interactive data file Exhibits List This section enumerates the exhibits filed with the Form 8-K, including the CEO's employee note and the interactive data file Exhibits Filed | Exhibit No. | Exhibit Description | | :---------- | :---------------------------------------------------------- | | 99.1 | Note to CrowdStrike employees from CrowdStrike's Chief Executive Officer, dated May 6, 2025. | | 104 | Cover Page Interactive Data File—the cover page XBRL tags are embedded within the Inline XBRL document. | SIGNATURES This section formally concludes the report, providing details of the authorized signatory and the date of signature Authorization and Signatory This section formally concludes the report, signed by Burt W. Podbere, Chief Financial Officer, on behalf of CrowdStrike Holdings, Inc. on May 7, 2025 - Report signed on behalf of CrowdStrike Holdings, Inc.[14] - Signatory: Burt W. Podbere, Chief Financial Officer[15] - Date of Signature: May 7, 2025[15]