CrowdStrike returns to profit with 24% ARR growth; July 19 Incident costs down $20.5M

Filed June 4, 2026 · Period ending April 30, 2026 · Compared to 10-Q Jun 4, 2025 · ~2 min read

Key Changes

• high

  Q1 FY27 net income of $27.8M vs $110.2M loss in Q1 FY26, driven by 26% revenue growth, improved gross margins, and operating leverage. Operating loss narrowed from 11% to 2% of revenue.

  MD&A: Financial Results verify on EDGAR →
• high

  ARR grew 24% to $5.5B with net new ARR up 32% quarter-over-quarter to $255.8M. Deferred revenue increased 24% to $4.7B, signaling strong billings momentum despite July 19 Incident sales-cycle headwinds.

  MD&A: Key Metrics verify on EDGAR →
• high

  Introduced Falcon Flex enterprise licensing model allowing upfront platform commitments with flexible product draw-down over time. Go-to-market repositioned from direct-led to partner-first, expanding channel reliance.

  MD&A: Business Overview verify on EDGAR →