Press release
CrowdStrike Reports Second Quarter Fiscal Year 2025 Financial Results
Ending ARR grows 32% year-over-year to reach $3.86 billion, adding $218 million in net new ARR Grows GAAP net income more than 5x year-over-year and record
About this update from Crowdstrike Holdings, Inc.
[{"type":"text","content":"\n\nEnding ARR grows 32% year-over-year to reach $3.86 billion, adding $218 million in net new ARR\n\n\n\nGrows GAAP net income more than 5x year-over-year and record non-GAAP net income grows 45% year-over-year\n\n\n\nDelivers record Q2 operating cash flow of $327 million and record Q2 free cash flow of $272 million\n\n\n\n AUSTIN, Texas--(BUSINESS WIRE)--\nCrowdStrike Holdings, Inc. (Nasdaq: CRWD), today announced financial results for the second quarter fiscal year 2025, ended July 31, 2024.\n\n\n“Working with customers to recover from the July 19th incident, we emerge as an even more resilient and even more customer-obsessed CrowdStrike, continuing to aggressively invest in innovation. Our second quarter demonstrates the resilience of our business and platform – with LogScale Next-Gen SIEM, Identity Protection, and Cloud Security eclipsing $1 billion in combined ending ARR,” said George Kurtz, CrowdStrike’s chief executive officer and co-founder. “In response to rising point product complexity and an elevated threat environment, organizations are increasingly focused on consolidating their cybersecurity vendors into a streamlined platform that delivers better security outcomes, which is CrowdStrike Falcon. Our vision and mission of stopping breaches remains unchanged.”\n\n\nCommenting on the company’s financial results, Burt Podbere, CrowdStrike’s chief financial officer, added, “For the second quarter we delivered strong growth in revenue, operating profit and net income demonstrating our focused execution. Our market opportunity remains unchanged, and we believe our continued commitment to customers and innovation will drive even more Falcon platform adoption, protecting our customers from rapidly evolving cyber threats and enabling us to achieve our long-term targets.”\n\n\nSecond Quarter Fiscal 2025 Financial Highlights\n\n\n\nRevenue: Total revenue was $963.9 million, a 32% increase, compared to $731.6 million in the second quarter of fiscal 2024. Subscription revenue was $918.3 million, a 33% increase, compared to $690.0 million in the second quarter of fiscal 2024.\n\n\n\nAnnual Recurring Revenue (ARR) grew 32% year-over-year to $3.86 billion as of July 31, 2024, of which $217.6 million was net new ARR added in the quarter.\n\n\n\nSubscription Gross Margin: GAAP subscription gross margin was 78% in the second quarter ...