How did CrowdStrike (NASDAQ:CRWD) perform in Q1 FY27?

CrowdStrike reported $1.39 billion in total revenue, up 26% year-over-year, driven by strong subscription growth. GAAP net income swung positive to $27.8 million ($0.11 per share) from a $104.3 million net loss last year, while non-GAAP net income rose to $283.4 million ($1.10 per share), highlighting improved operational efficiency.

Is CrowdStrike profitable now?

Yes, CrowdStrike achieved GAAP profitability for the first time in a year-over-year comparison, with a net income of $27.8 million. On a non-GAAP basis, profits are stronger at $283.4 million, showing that the core subscription business is highly profitable.

How much of CrowdStrike’s revenue comes from subscriptions?

Subscription revenue reached $1.32 billion, accounting for the vast majority of total revenue and growing 26% year-over-year, reinforcing the strength of its recurring revenue model.

What is CrowdStrike’s Annual Recurring Revenue (ARR) and growth?

CrowdStrike’s ARR climbed 24% to $5.51 billion, with $255.8 million in net new ARR added during the quarter, signaling continued subscription expansion and long-term revenue visibility.

How did CrowdStrike’s margins perform in Q1 FY27?

GAAP subscription gross margin improved to 78%, while non-GAAP subscription gross margin expanded to 81%, reflecting efficiency gains in delivering its cloud-based security services.

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CrowdStrike delivers strong Q1 results, hits $5.5 billion in ARR

Written by Isaac FrancisPublished Jun. 3 2026Last Updated Jun. 3 2026

CrowdStrike Holdings (NASDAQ:CRWD) has reported its financial results for the first quarter of fiscal 2027, ended April 30, 2026, showcasing sustained growth and improved operational profitability.

The company generated total revenue of $1.39 billion, representing a 26% increase compared to the $1.10 billion reported in the first quarter of fiscal 2026.

The company’s subscription-based model continues to be the primary engine of its growth, with subscription revenue reaching $1.32 billion, up 26% year-over-year.

CrowdStrike’s Annual Recurring Revenue (ARR) grew by 24% to reach $5.51 billion, with the company adding $255.8 million in net new ARR during the quarter.

CrowdStrike achieved significant milestones in operational efficiency during the quarter.

The company posted a GAAP net income of $27.8 million, or $0.11 per diluted share, marking a turnaround from the GAAP net loss of $104.3 million recorded in the same period of the previous fiscal year.

On a non-GAAP basis, net income was $283.4 million, or $1.10 per diluted share, compared to $184.7 million, or $0.73 per diluted share, in the first quarter of fiscal 2026.

The company’s subscription gross margins also showed improvement; GAAP subscription gross margin reached 78%, while non-GAAP subscription gross margin expanded to 81%.

Cash generation remained robust, with the company reporting $590.9 million in net cash generated from operations and $468.5 million in free cash flow, up from $384.1 million and $279.4 million, respectively, in the prior-year period.

As of April 30, 2026, CrowdStrike maintained a strong liquidity position with $4.55 billion in cash and cash equivalents.