Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
In Q1 FY2027, CrowdStrike grew revenue 26% YoY to $1.4B, returned to $27.8M of net income attributable to CrowdStrike, and expanded gross margin to 75%, although it remained operating-loss-making and continues to face material July 19 Incident-related commercial and legal risks. Source: 10-Q Item 2 MD&A, pp.40-44.
Cost of Revenue
$342.28M
+18.90% YoY
EPS (Diluted)
$0.11
+126.19% YoY
Operating Income
-$30.6M
+74.22% YoY
Source: SEC XBRL
CrowdStrike Holdings (CRWD) reported Q1 FY2027 revenue of $342.28M, up 18.9% year over year. Operating cash flow was $590.94M, up 53.8% year over year. CRWD's fiscal Q1 FY2027 corresponds to calendar Q2 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 0.28 | 0.27 | Beat +1.0% |
| Mar 2026 | 0.28 | 0.28 | Miss -0.4% |
| Dec 2025 | 0.24 | 0.24 | Beat +0.0% |
| Sep 2025 | 0.23 | 0.21 | Beat +9.9% |
Adjusted (non-GAAP) EPS of $0.28 versus the $0.27 analyst consensus — a +1.0% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.11.
Compiled by AI from 10-Q Item 2 of this filing
Total revenue rose $282.2M, or 26% YoY, to $1.4B in Q1 FY2027. Subscription revenue increased 26% to $1.3B and remained 95% of total revenue; management attributed subscription growth to new-customer additions and sales of additional sensors and modules to existing customers.
Source: 10-Q Item 2 MD&A
Annual recurring revenue was $5.5B as of April 30, 2026, up 24% YoY, with $255.8M of net new ARR added during Q1 FY2027. Management stated that dollar-based net retention remained strong, but noted that customer incentives and flexible subscriptions can create future contraction risk.
Source: 10-Q Item 2 MD&A
Gross profit increased 28% YoY to $1.0B and total gross margin improved one percentage point to 75%, primarily due to hosting efficiencies in the subscription business. Operating expenses grew 15%, slower than revenue growth, reducing the operating loss to $30.6M from $118.7M in the prior-year period.
Source: 10-Q Item 2 MD&A
CrowdStrike reported $27.8M of net income attributable to CrowdStrike, versus a $104.3M loss a year earlier. The improvement included $35.2M of other income, primarily reflecting a $36.4M increase in realized gains on strategic investments, and a $6.9M income-tax benefit related in part to deferred tax assets from recent acquisitions.
Source: 10-Q Item 2 MD&A
Management reported $4.6B of cash and cash equivalents at April 30, 2026 and stated that existing cash plus operating cash flow should meet anticipated working-capital and capital-expenditure needs for at least 12 months. Operating cash flow was $590.9M, while investing cash outflow was $994.1M and financing cash outflow was $195.9M, producing a $598.9M decline in cash, cash equivalents, and restricted cash during the quarter.
Source: 10-Q Item 2 MD&A
Compiled by AI from 10-Q Item 1A of this filing · 4 high, 1 medium, 0 low
The July 19, 2024 Falcon sensor content configuration update caused system crashes for certain Windows systems and has harmed CrowdStrike's sales, customer and partner relations, and reputation. The company states that some customers have deferred purchases, decided against purchases, terminated contracts, or declined renewals, while incentives such as discounts, promotional modules, and subscription extensions may pressure commercial results.
Source: 10-Q Item 1A Risk Factors
CrowdStrike faces legal proceedings, including securities litigation, derivative litigation, consumer putative class actions, customer claims, and governmental inquiries related to the incident. The company cannot estimate the potential loss range and cautions that insurance may not cover all costs, claims, or liabilities, potentially increasing expenses and affecting financial condition.
Source: 10-Q Item 1A Risk Factors
Customer contracts generally run one to three years and customers have no obligation to renew or expand their use of the Falcon platform. The filing identifies the July 19 Incident, customer incentives, shorter subscription periods, fewer modules or endpoints, spending constraints, and customer consolidation as factors that could reduce retention and expansion.
Source: 10-Q Item 1A Risk Factors
Because the Falcon platform is complex, CrowdStrike states that defects, errors, vulnerabilities, configuration issues, or failures to detect advanced attacks could harm its brand and operating results. The filing cites both the July 19 Incident and a February 2025 security fix for certain Falcon Linux sensors as examples of product-related reliability and security concerns.
Source: 10-Q Item 1A Risk Factors
CrowdStrike operates in an intensely competitive and rapidly changing security market, where larger competitors may have greater financial resources, broader product portfolios, and stronger routes to market. Competitors may also bundle products, reduce prices, or gain advantages in AI capabilities, potentially reducing CrowdStrike's revenue growth, gross margin, or market share.
Source: 10-Q Item 1A Risk Factors
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Cost of Revenue $M | 342.28 $M | 287.88 $M | +18.90% |
Gross Profit $B | 1.04 $B | 0.82 $B | +27.93% |
Operating Income $M | -30.60 $M | -118.71 $M | +74.22% |
Net Income $M | 27.77 $M | -104.26 $M | +126.64% |
EPS (Basic) $ | 0.11 $ | -0.42 $ | +126.19% |
EPS (Diluted) $ | 0.11 $ | -0.42 $ | +126.19% |
R&D Expense $M | 408.33 $M | 330.93 $M | +23.39% |
Answers draw on this SEC filing and the data on this page
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