Filing Flows › CrowdStrike Holdings (CRWD) › Q1 FY26
CrowdStrike Holdings (CRWD) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jun 4, 2025
CrowdStrike Holdings (CRWD) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +4% from the quarter before. Operating margin was -10.8%, net loss $111M (10.1% of revenue).
CrowdStrike Holdings, Q1 FY26: revenue $1.1B (+20% year over year), operating margin -10.8%, net loss $111M, operating cash flow $384M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.1B | +4% | +20% |
| Operating profit | −$119M | — | — |
| Net earnings | −$111M | — | — |
| Operating cash flow | $384M | +11% | +0.2% |
| Free cash flow | $298M | +15% | -11% |
What changed
Revenue was $1.1B in Q1 FY26, up 20% year over year and up 4% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $0.18B year over year (up 20%), 98% of the total change.
Gross margin was 73.9%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $0.12B, an operating margin of -10.8%. Operating expenses grew 36% against revenue growth of 20%. The fastest-growing cost line was General & admin (+58%). The quarter ended with a net loss of $0.11B, wider than the previous quarter's $0.09B loss. Non-operating items added $0.03B, -32% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.38B (roughly flat year over year). Non-cash charges added back $0.25B of share-based compensation. Working capital and other items added $0.25B. Capital expenditures of $0.09B left free cash flow of $0.30B.
Questions
What was CrowdStrike Holdings' revenue in the first quarter fiscal 2026?
CrowdStrike Holdings (CRWD) reported revenue of $1.1B for the first quarter fiscal 2026 (Q1 FY26), +20% from a year earlier and +4% from the quarter before.
Was CrowdStrike Holdings profitable in the first quarter fiscal 2026?
Operating loss was $119M (-10.8% of revenue) and net loss $111M.