Filing Flows › CrowdStrike Holdings (CRWD) › Q2 FY26
CrowdStrike Holdings (CRWD) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 28, 2025
CrowdStrike Holdings (CRWD) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), +21% from a year earlier and +6% from the quarter before. Operating margin was -9.7%, net loss $77.6M (6.6% of revenue).
CrowdStrike Holdings, Q2 FY26: revenue $1.2B (+21% year over year), operating margin -9.7%, net loss $77.6M, operating cash flow $333M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | +21% |
| Operating profit | −$113M | — | — |
| Net earnings | −$77.6M | — | — |
| Operating cash flow | $333M | -13% | +2% |
| Free cash flow | $302M | +1% | +5% |
What changed
Revenue was $1.2B in Q2 FY26, up 21% year over year and up 6% from the previous quarter. Subscription was the largest line at 94% of revenue. Subscription added $0.18B year over year (up 20%), 90% of the total change.
Gross margin was 73.6%, down 1.8 points from a year earlier. Operating costs exceeded revenue by $0.11B, an operating margin of -9.7%. Operating expenses grew 37% against revenue growth of 21%. The fastest-growing cost line was General & admin (+66%). The quarter ended with a net loss of $0.08B, narrower than the previous quarter's $0.11B loss. Non-operating items added $0.04B, -58% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.33B (up 2% year over year). Non-cash charges added back $0.02B of depreciation and amortization and $0.28B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.03B left free cash flow of $0.30B.
Questions
What was CrowdStrike Holdings' revenue in the second quarter fiscal 2026?
CrowdStrike Holdings (CRWD) reported revenue of $1.2B for the second quarter fiscal 2026 (Q2 FY26), +21% from a year earlier and +6% from the quarter before.
Was CrowdStrike Holdings profitable in the second quarter fiscal 2026?
Operating loss was $113M (-9.7% of revenue) and net loss $77.6M.