Filing Flows › CrowdStrike Holdings (CRWD) › Q1 FY27
CrowdStrike Holdings (CRWD) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 4, 2026
CrowdStrike Holdings (CRWD) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier and +6% from the quarter before. Operating margin was -2.2%, net earnings $46.0M (3.3% of revenue).
CrowdStrike Holdings, Q1 FY27: revenue $1.4B (+26% year over year), operating margin -2.2%, net earnings $46.0M, operating cash flow $591M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +6% | +26% |
| Operating profit | −$30.6M | -322% | — |
| Net earnings | $46.0M | -23% | — |
| Operating cash flow | $591M | +19% | +54% |
| Free cash flow | $493M | +25% | +65% |
What changed
Revenue was $1.4B in Q1 FY27, up 26% year over year and up 6% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $0.27B year over year (up 26%), 96% of the total change.
Gross margin was 75.3%, up 1.4 points from Q1 FY26. Operating costs exceeded revenue by $0.03B, an operating margin of -2.2%. Operating expenses grew 15% against revenue growth of 26%. The fastest-growing cost line was Research & development (+23%). Net earnings were $0.03B. The effective tax rate was -17.7%. Non-operating items added $0.07B, 178% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.59B (up 54% year over year), 1286% of net income including minority interests. Non-cash charges added back $0.30B of share-based compensation. Working capital and other items added $0.25B. Capital expenditures of $0.10B left free cash flow of $0.49B.
Questions
What was CrowdStrike Holdings' revenue in the first quarter fiscal 2027?
CrowdStrike Holdings (CRWD) reported revenue of $1.4B for the first quarter fiscal 2027 (Q1 FY27), +26% from a year earlier and +6% from the quarter before.
Was CrowdStrike Holdings profitable in the first quarter fiscal 2027?
Operating loss was $30.6M (-2.2% of revenue) and net earnings $46.0M.