CrowdStrike (CRWD) Q4 2026 earnings summary

Executive summary

• Achieved record Q4 and FY26 results, with $5.25B ending ARR (up 24% YoY), record operating income, and free cash flow, driven by AI-fueled demand and platform adoption.

• Net new ARR reached $331M in Q4 (up 47% YoY), with FY26 net new ARR surpassing $1B for the first time.

• Falcon Flex subscription model saw $1.69B ARR (up 120% YoY), with 1,600+ customers and average ARR per Flex customer over $1M.

• Platform adoption accelerated, with 50% of customers using 6+ modules, 34% using 7+, and 24% using 8+ modules.

• Recognized for industry leadership, customer satisfaction, and multiple awards, including MITRE ATT&CK® 2025 and Frost & Sullivan honors.

Financial highlights

• Q4 total revenue: $1.31B (up 23% YoY); subscription revenue: $1.24B (up 23% YoY); full year revenue: $4.81B (up 22% YoY).

• Q4 non-GAAP operating income: $325.8M (25% margin); Q4 non-GAAP net income: $289.1M ($1.12/share); Q4 GAAP net income: $38.7M.

• FY26 operating income: $1.05B (22% of revenue); FY26 free cash flow: $1.24B (26% margin); cash and equivalents: $5.23B.

• Q4 free cash flow: $376.4M (29% margin); Q4 operating cash flow margin: 38%.

• Q4 non-GAAP gross margin: 79%; subscription gross margin: 81%.

Outlook and guidance

• FY27 ARR guidance: $6.47B–$6.52B (23–24% YoY growth); net new ARR: $1.213B–$1.264B (20–25% YoY growth).

• FY27 total revenue: $5.87B–$5.93B (22–23% YoY growth); non-GAAP operating income: $1.42B–$1.46B.

• FY27 non-GAAP net income: $1.241B–$1.271B ($4.78–$4.90/share); non-GAAP tax rate set at 21.0%.

• Q1 FY27 ARR: $5.50B–$5.50B (24% YoY growth); revenue: $1.36B–$1.36B; non-GAAP operating income: $308M–$310M.

• Q1 FY27 non-GAAP net income: $275M–$277M ($1.06–$1.07/share).