CrowdStrike Holdings Inc (NASDAQ:CRWD) reported fourth quarter earnings that topped Wall Street expectations as the cybersecurity company cited growing demand driven in part by increasingly sophisticated artificial intelligence-powered threats.
For the quarter ended January 31, CrowdStrike posted revenue of $1.31 billion, up 23% from $1.06 billion a year earlier and above consensus estimates of roughly $1.04 billion. Subscription revenue rose 23% year-over-year to $1.24 billion.
Non-GAAP earnings per share came in at $1.12, compared with $0.81 in the prior-year quarter and ahead of analyst expectations of about $0.86. GAAP net income attributable to CrowdStrike was $38.7 million, or $0.15 per diluted share, compared with a loss of $86.3 million, or $0.35 per share, a year earlier.
Annual recurring revenue (ARR) increased 24% year-over-year to $5.25 billion as of January 31, surpassing the $5 billion milestone. Net new ARR grew 47% from a year earlier to a record $330.7 million in the quarter. The company also reported $1.69 billion in ending ARR from Falcon Flex accounts, up more than 120% year-over-year. The company pointed to rising demand for its cybersecurity tools as enterprises adopt AI technologies.
“FY26 will go down in our history books as CrowdStrike's best year yet,” CEO George Kurtz said in a statement. “We achieved $5.25 billion in ending ARR - the fastest and only pure-play cybersecurity software company to achieve this milestone - driven by a record $1.01 billion of net new ARR, our first year exceeding $1 billion of net new ARR.”
He added that as enterprises rapidly adopt AI, CrowdStrike is “mission-critical infrastructure - securing AI across every layer from GPU to agent to prompt.”
For the fiscal first quarter, CrowdStrike expects revenue of $1.36 billion to $1.364 billion and adjusted earnings per share of $1.06 to $1.07. Analysts had projected revenue of $1.355 billion and adjusted EPS of $1.06, making the outlook slightly ahead of expectations on revenue and in line to modestly above on earnings.
Shares of CrowdStrike were little changed following its report, trading hands at about $390.