CrowdStrike Holdings, Inc.
CRWD.US Full Coverage
Last updated:
Volume
52W avg
Day Range
52W High
52W Low
Market Cap
Div Yield
Forward P/E
P/B
Headlines
FY2027 Q1
CrowdStrike beat the top of its guidance as AI‑security demand hits a “Mythos inflection point,” delivering a fourth consecutive quarter of accelerating growth. Revenue rose 25.6% YoY to $1.39 billion, net new ARR reached a record $255.8 million (+32% YoY) lifting total ARR to $5.51 billion, free‑cash‑flow hit a record $468.5 million (34% margin), and the FY2027 net‑new‑ARR growth outlook was raised to a 27.7% midpoint.
Net New ARR
$255.8 M
+31.9%
Ending ARR
$5.51 B
+24.1%
Free Cash Flow Margin
34%
+900 bps
FY27 Net New ARR Growth Guidance (YoY, at midpoint)
27.7%
+520 bps
Non-GAAP Operating Margin
23.5%
+530 bps
What We're Watching
Opportunity
"Mythos Inflection Point" Materialization
📅
Next 1-2 Quarters
What to Monitor
Sustained acceleration in Net New ARR growth beyond the initial raised guidance. Monitor commentary on the conversion of the record Q2 pipeline and the pace of Project QuiltWorks engagements turning into committed ARR.
Why It Matters
Management has framed this as a "Y2K moment for security" and the primary justification for raising the full-year outlook. Validating this trend is critical to underwriting the company's re-accelerated growth narrative.
Operational
AI Detection and Response (AIDR) Adoption Velocity
📅
Next Quarter
What to Monitor
Sequential growth in AIDR ending ARR (currently >250% QoQ) and the conversion of the stated $50M+ Q2 pipeline. Monitor for early signs of adoption expanding from initial divisional deployments to enterprise-wide commitments.
Why It Matters
Management has positioned AIDR as a larger long-term opportunity than EDR. Its growth rate is the most direct proof point of CrowdStrike's ability to monetize the "security for AI" thesis and create a significant new revenue pillar.
Strategic
Sustainability of Endpoint Business Acceleration
📅
Ongoing
What to Monitor
Whether the core endpoint business continues to show accelerating or sustained high growth in net new ARR. Monitor for commentary linking endpoint sensor demand to new agentic workload deployments.
Why It Matters
The endpoint is the company's foundational business. Its re-acceleration for a third consecutive quarter, driven by AI, validates the thesis that the endpoint is the "epicenter of where AI happens," providing a durable tailwind to the largest part of the business.
Operational
Falcon Flex "Reflex" Momentum and Uplift
📅
Ongoing
What to Monitor
Growth in the number of customers who have "Reflexed" (currently 480) and specifically the "multiple times" cohort (currently >130). Track the average ARR uplift percentages (currently 26% for first Reflex, 51% for multi-Reflex).
Why It Matters
The "Reflex" is the primary engine for platform consolidation and ARR expansion. These metrics are the best leading indicators of customer stickiness, platform adoption velocity, and future expansion revenue, validating the GTM model's effectiveness.
Risk
Status of DOJ/SEC Inquiry (Persistent)
📅
Ongoing
What to Monitor
Any new disclosures or updates regarding the previously announced regulatory inquiry. The continued absence of discussion remains a key signal for investors to monitor.
Why It Matters
The inquiry represents a significant legal, financial, and reputational risk. A prolonged lack of transparency creates an information vacuum and could prolong market uncertainty around the matter.
