Company Overview

CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. It operates as a leading provider of cybersecurity products and services designed to stop breaches with cloud-delivered protection across endpoints, cloud workloads, identity, and data. The company also offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. Founded by George P. Kurtz, Gregg Marston, and Dmitri Alperovitch on November 7, 2011, CrowdStrike is headquartered in Austin, Texas.

Core Business Model

CrowdStrike's business is built on a unified, cloud-native platform that provides comprehensive security protection for endpoints, cloud workloads, identity, and data. This is delivered through a software-as-a-service (SaaS) subscription-based model. Its Falcon platform is purpose-built to consolidate cybersecurity efforts and prevent breaches. The company primarily generates revenue through subscriptions to its Falcon platform and its various cloud modules.

Financial Performance and Key Metrics

CrowdStrike has demonstrated strong financial performance and consistent growth.

Second Quarter Fiscal 2026 Results (Q2 FY26)

The company announced its financial results for the second quarter of fiscal year 2026, which ended on July 31, 2025:

- Revenue Growth: Total revenue reached $1.17 billion, an increase of 21% year over year, surpassing the high end of guidance.

- Annual Recurring Revenue (ARR): Ending ARR grew to $4.66 billion, representing a 20% year-over-year increase.

- Net New ARR: The company achieved a record Q2 net new ARR of $221 million.

- Cash Flow: Record free cash flow of $284 million was reported for Q2, which equates to 24% of revenue.

- Operating Performance: Operating income reached a record $255 million, representing 22% of revenue.

Key Business Metrics and Growth Drivers

- Customer Growth: CrowdStrike surpassed 1,000 Falcon Flex customers, with the average customer generating over $1 million in ending ARR.

- Platform Expansion: Its next-generation identity and SIEM platform solutions achieved over $1.56 billion in ending ARR, showing a year-over-year growth of more than 40%.

- Cloud Business: Cloud ending ARR exceeded $700 million, with a year-over-year growth rate of over 35%.

Business Operations and Workforce

As of September 23, 2025, CrowdStrike employs approximately 10,120 individuals. The company maintains strong financial discipline, evidenced by an EBITDA of $1.14 million and a current EBITDA margin of 4.03%.

Strategic Initiatives and Innovation

AI and Technology Leadership

CrowdStrike is making substantial investments in artificial intelligence capabilities. Charlotte AI, its SOC agent, experienced significant growth of over 85% in Q1. The company also bolstered its AI security expertise through the acquisition of Pangea.

Platform Expansion and Feature Development

The company continues to enhance and broaden its security offerings:

- SIEM Growth: Falcon Next-Gen SIEM saw year-over-year growth exceeding 95%, with ending ARR surpassing $430 million.

- Exposure Management: The exposure management solution exceeded $300 million in ending ARR and was recognized as a leader in the 2025 IDC Worldwide Exposure Management MarketScape.

Market Position and Recognition

CrowdStrike has consistently been recognized as a leader in the cybersecurity space. It was named a Leader in the 2025 Gartner Magic Quadrant for Endpoint Protection Platforms for the sixth consecutive time. Notably, it was positioned furthest right for Completeness of Vision and highest for Ability to Execute among all evaluated vendors for the third consecutive time.

Long-Term Growth Targets

CrowdStrike has set ambitious goals for future growth. At its Fal.Con 2025 conference, the company outlined a target to reach $20 billion in Annual Recurring Revenue (ARR) by fiscal year 2036. Additionally, CrowdStrike provided strong guidance for fiscal year 2027, projecting over 20% growth in net new ARR, significantly exceeding analysts' expectations of 14% growth.

Stock Performance

CrowdStrike's stock (CRWD) reached an all-time high of $517.98 on July 3, 2025. Its all-time low was $31.95, recorded on March 17, 2020. The stock has shown strong performance, up 41.4% year-to-date and trading near its 52-week high of $514.10 from July 2025.

Dividend Policy

CrowdStrike does not currently pay dividends to its shareholders. This is common for growth-focused technology companies that prefer to reinvest earnings back into business expansion and innovation.

Upcoming Earnings

CrowdStrike is scheduled to release its next earnings report on December 2, 2025. Investors will be keenly observing for continued progress in the company's growth strategies and market expansion efforts.

About Company:

CrowdStrike Holdings Inc. represents a leading position in the rapidly expanding cybersecurity market. Its cloud-native Falcon platform serves as the bedrock for a comprehensive suite of security offerings, encompassing endpoints, cloud workloads, identity protection, and threat intelligence services.