CrowdStrike Q1 FY2024 revenue $692.6M (+42% YoY); GAAP net income turns positive

CrowdStrike Holdings, Inc.

2024-Q1 EPS reported $0.00 revenue$692,580,000

Record revenue $692.6M, up 42% YoY; subscription revenue $651.2M (+42%).
Ending ARR $2.73B (+42% YoY), net new ARR $174.2M added in quarter.
GAAP net income attributable to CrowdStrike $0.5M vs loss $31.5M YoY; GAAP EPS $0.00.
Non-GAAP net income $136.4M, EPS $0.57 vs $0.31 YoY; free cash flow $227.4M.
Module adoption: 62% five or more modules; guidance for Q2 and FY2024 raised.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CrowdStrike Holdings, Inc. reported first quarter fiscal year 2024, ended April 30, 2023 results: revenue $692.6 million, net income $0.5 million, EPS $0.00. Guidance raised.

Period: first quarter fiscal year 2024, ended April 30, 2023
Revenue: $692.6 million
Net income: $0.5 million
EPS: $0.00
Guidance: raised
Result: reported results

Exact text from the filing

we achieved these records while remaining capital efficient and increasing module adoption rates.” First Quarter Fiscal 2024 Financial Highlights • Revenue: Total revenue was $692.6 million, a 42% increase, compared to $487.8 million in the first quarter of fiscal 2023. Subscription revenue was $651.2 million, a 42% increase, compared to $459.8 million in the first

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Source: SEC EDGAR

accession 0001535527-23-000012

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