Page 1

CROWDSTRIKE CrowdStrike Reports Second Quarter Fiscal Year 2022 Financial Results Achieves ending ARR of $ 1.34 billion driven by record net new ARR of $ 151 million and adds a record 1,660 net new subscription customers in the quarter SUNNYVALE , Calif .-- ( BUSINESS WIRE ) -- Aug . 31 , 2021-- CrowdStrike Holdings , Inc. ( Nasdaq : CRWD ) , a leader in cloud - delivered endpoint and workload protection , today announced financial results for the second quarter fiscal year 2022 , ended July 31 , 2021 . " CrowdStrike delivered an outstanding second quarter with rapid subscription revenue growth and record net new ARR generated in the quarter . We saw strength in multiple areas of the business , added $ 151 million in net new ARR and grew ending ARR 70 % year - over - year to exceed $ 1.34 billion . The success of our platform strategy and our growing brand leadership have led to a groundswell of customers turning to Crowd Strike as their trusted security platform of record . We believe that our extensible Falcon platform , purpose - built to leverage the power of the cloud , collecting data once and reusing it many times , is a fundamental cornerstone to building a durable growth business over the long - term , " said George Kurtz , CrowdStrike's co - founder and chief executive officer . Commenting on the company's financial results , Burt Podbere , Crowd Strike's chief financial officer , added , " In the second quarter we once again achieved strong growth at scale and delivered exceptional unit economics , drove leverage and remained capital efficient , generating strong operating and free cash flow . Given our strong performance and growing momentum in the market , and reflecting our view of a continued robust demand environment , we are raising our guidance for fiscal year 2022. " Second Quarter Fiscal 2022 Financial Highlights • Revenue : Total revenue was $ 337.7 million , a 70 % increase , compared to $ 199.0 million in the second quarter of fiscal 2021. Subscription revenue was $ 315.8 million , a 71 % increase , compared to $ 184.3 million in the second quarter of fiscal 2021 . • Annual Recurring Revenue ( ARR ) increased 70 % year - over - year and grew to $ 1.34 billion as of July 31 , 2021 , of which $ 150.6 million was net new ARR added in the quarter . • Subscription Gross Margin : GAAP subscription gross margin was 76 % , compared to 76 % in the second quarter of fiscal 2021. Non - GAAP subscription gross margin was 78 % , compared to 78 % in the second quarter of fiscal 2021 . • Income / Loss from Operations : GAAP loss from operations was $ 47.4 million , compared to $ 30.0 million in the second quarter of fiscal 2021. Non - GAAP income from operations was $ 35.3 million , compared to $ 7.8 million in the second quarter of fiscal 2021 . • Net Income / Loss Attributable to CrowdStrike : GAAP net loss attributable to CrowdStrike was $ 57.3 million , compared to $ 29.9 million in the second quarter of fiscal 2021. GAAP net loss per share attributable to CrowdStrike common stockholders was $ 0.25 , compared to $ 0.14 in the second quarter of fiscal 2021. Non - GAAP net income attributable to CrowdStrike was $ 25.9 million , compared to $ 7.9 million in the second quarter of fiscal 2021. Non - GAAP net income per share attributable to CrowdStrike common stockholders , diluted , was $ 0.11 , compared to $ 0.03 in the second quarter of fiscal 2021 . • Cash Flow : Net cash generated from operations was $ 108.5 million , compared to $ 55.0 million in the second quarter of fiscal 2021. Free cash flow was $ 73.6 million , compared to $ 32.4 million in the second quarter of fiscal 2021 . • Cash and Cash Equivalents was $ 1.79 billion as of July 31 , 2021 . Recent Highlights • Added 1,660 net new subscription customers in the quarter for a total of 13,080 subscription customers as of July 31 , 2021 , representing 81 % growth year - over - year . • CrowdStrike's subscription customers that have adopted four or more modules , five or more modules and six or more modules increased to 66 % , 53 % , and 29 % , respectively , as of July 31 , 2021 . • Ranked number one for Modern Endpoint Security 2020 revenue market share in IDC's Worldwide Corporate Endpoint Security Market Shares , 2020 report and named as a Leader in the IDC MarketScape report for U.S. Managed Detection & Response Services 2021 Vendor Assessment . • Announced Falcon X Recon + , a new managed solution that simplifies the process of hunting and mitigating external