CrowdStrike(CRWD)2025-06-04 01:45Revenue and Growth - Annual Recurring Revenue (ARR) reached $4.4 billion as of April 30, 2025, representing a year-over-year growth of 22% compared to $3.6 billion in 2024, which had a growth of 33%[166]. - Total revenue increased by $182.4 million, or 20%, for the three months ended April 30, 2025, compared to the same period in 2024, reaching $1,103.4 million[191]. - Subscription revenue accounted for 95% of total revenue for both the three months ended April 30, 2025, and April 30, 2024, with a 20% increase to $1,050.8 million[192]. - The dollar-based net retention rate was consistent with expectations as of April 30, 2025, reflecting customer renewals, expansion, contraction, and churn[168]. - The company expects seasonal patterns in net new ARR generation, typically greater in the second half of the year, especially in Q4[232]. Expenses and Profitability - The company incurred approximately $36.0 million to $53.0 million in charges related to a strategic plan, with $6.6 million recognized in the first quarter of fiscal 2026[151]. - Total cost of revenue increased by $64.1 million, or 29%, for the three months ended April 30, 2025, totaling $289.1 million[194]. - Gross profit for the three months ended April 30, 2025, was $814.3 million, a 17% increase from $696.0 million in the same period of 2024[196]. - Research and development expenses rose by $98.9 million, or 42%, for the three months ended April 30, 2025, totaling $334.1 million[199]. - Sales and marketing expenses increased by $89.5 million, or 26%, for the three months ended April 30, 2025, reaching $439.6 million[198]. - General and administrative expenses increased by $61.5 million, or 59%, for the three months ended April 30, 2025[183]. - Subscription gross margin slightly decreased by 1 percentage point to 77% for the three months ended April 30, 2025[196]. - Professional services gross margin decreased by 17 percentage points to 11% for the three months ended April 30, 2025[197]. - Net income (loss) attributable to CrowdStrike was $(110.2) million for the three months ended April 30, 2025, compared to $42.8 million in the same period of 2024, representing a decrease of $153.0 million[188]. Cash Flow and Financial Position - Net cash provided by operating activities was $384.1 million for the three months ended April 30, 2025, compared to $383.2 million in the same period of 2024[211]. - The company had $4.6 billion in cash and cash equivalents as of April 30, 2025, along with $750 million available under its Revolving Facility[206]. - Deferred revenue as of April 30, 2025, was $3.8 billion, with $2.7 billion expected to be recognized as revenue in the next 12 months[209]. - The company has non-cancellable purchase commitments totaling $2.7 billion as of April 30, 2025, with remaining terms in excess of 12 months[223]. - The company reported a decrease in other income (expense), net by $11.6 million, or 151%, primarily due to a decrease in gains on strategic investments[203]. Strategic Initiatives and Market Position - The company plans to continue investing significantly in research and development to enhance technology platform and product functionality[161]. - Following the July 19 Incident, the company has experienced delays in creating sales opportunities and longer sales cycles, which are expected to continue affecting key metrics and results of operations[162]. - The company’s go-to-market strategy includes a low friction land-and-expand model, allowing customers to easily add additional cloud modules after initial deployment[154]. - The flexibility and scalability of the Falcon platform enable the company to target organizations of all sizes, presenting significant growth opportunities[155]. - As of April 30, 2025, the company had a backlog of approximately $3.0 billion, which is not recorded in deferred revenue[230]. Employee and Organizational Information - The company had 10,363 full-time employees as of April 30, 2025, with no labor union representation in the U.S.[234].