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CrowdStrike Holdings, Inc. (Nasdaq: CRWD) announced its financial results for the second quarter of fiscal year 2026, ending July 31, 2025, showcasing strong performance and reacceleration ahead of expectations. The company reported significant growth in revenue, annual recurring revenue (ARR), and cash flow, reinforcing its leadership in cybersecurity consolidation.
Total Revenue: $1.17 billion, up 21% year-over-year from $963.9 million in Q2 FY25.
Subscription Revenue: $1.10 billion, a 20% increase from $918.3 million in Q2 FY25.
Annual Recurring Revenue (ARR): Grew 20% year-over-year to $4.66 billion, with $221.1 million in net new ARR.
Cash Flow: Record operating cash flow of $332.8 million and free cash flow of $283.6 million.
Non-GAAP Net Income: Record $237.4 million, or $0.93 per share, compared to $221.6 million, or $0.88 per share, in Q2 FY25.
Recent Achievements: Named Leader in 2025 Gartner Magic Quadrant for Endpoint Protection and acquired Onum Technology Inc.
CrowdStrike achieved a total revenue of $1.17 billion in Q2 FY26, marking a 21% increase from $963.9 million in Q2 FY25. Subscription revenue, a core component of its business, rose 20% to $1.10 billion from $918.3 million. The company’s ARR grew to $4.66 billion, with a record net new ARR of $221.1 million, reflecting robust customer adoption and expansion.
Despite a GAAP net loss of $77.7 million ($0.31 per share) compared to a net income of $47.0 million ($0.19 per share) in Q2 FY25, CrowdStrike’s non-GAAP net income reached a record $237.4 million ($0.93 per share), up from $221.6 million ($0.88 per share). This improvement highlights operational efficiency and strong execution. Cash and cash equivalents grew to a record $4.97 billion, supported by record operating cash flow of $332.8 million and free cash flow of $283.6 million.
“With reacceleration a quarter ahead of our expectations, CrowdStrike delivered an exceptional Q2,” said George Kurtz, Founder and CEO. “Record Q2 net new ARR of $221 million, over 1,000 Flex customers, and more than 100 re-flexes highlight CrowdStrike as the leader in cybersecurity consolidation.” The company’s Falcon platform continues to drive consolidation, with module adoption rates at 48%, 33%, and 23% for six, seven, and eight or more modules, respectively, as of July 31, 2025.
CrowdStrike announced the acquisition of Onum Technology Inc., enhancing real-time telemetry pipeline management, and released its 2025 Threat Hunting Report, highlighting evolving cyber threats. The company also introduced Falcon Next-Gen Identity Security, CrowdStrike Signal AI detection engines, and integrations with AWS and NVIDIA to bolster AI-driven security solutions.
CrowdStrike’s leadership was reaffirmed with top rankings in the 2025 Gartner Magic Quadrant for Endpoint Protection Platforms (sixth consecutive year), IDC MarketScape for Cloud-Native Application Protection and Exposure Management, and GigaOm Radar reports for SIEM, ISPM, and SSPM. It was also recognized as a Customers’ Choice in the 2025 Gartner Peer Insights for User Authentication.
Effective Q2 FY26, CrowdStrike adopted a 21.0% long-term projected non-GAAP tax rate, reduced from 22.5%, due to the One Big Beautiful Bill Act, reflecting tax benefits from international income while retaining U.S. intellectual property. This change is applied prospectively, with prior periods unchanged.
“We exceeded our expectations across all guided metrics in the second quarter, delivering 21% year-over-year total revenue growth,” said Burt Podbere, Chief Financial Officer. “Our strong execution and business momentum further bolsters our conviction in continued net new ARR acceleration for the back half of fiscal year 2026.” The company projects total revenue for FY26 between $4.749 billion and $4.805 billion, with non-GAAP EPS expected at $3.60 to $3.72.
CrowdStrike’s Q2 FY26 results underscore its position as a cybersecurity leader, with strong financial performance, innovative AI-driven solutions, and strategic acquisitions driving growth. The company’s focus on platform consolidation and advanced threat protection positions it well for continued success in a dynamic threat landscape.
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity, and data.
Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft, and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting, and prioritized observability of vulnerabilities.
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