Filing Flows › CrowdStrike Holdings (CRWD) › Q2 FY27 › vs Q1 FY27
CrowdStrike Holdings (CRWD) Q2 FY27 vs Q1 FY27 (quarter over quarter)
CrowdStrike Holdings's revenue rose $85.3M (+6%) from $1.4B in Q1 FY27 to $1.5B in Q2 FY27. The biggest changes: Subscription +$79.4M (+6%); Professional services +$5.8M (+9%).
CrowdStrike Holdings, Q2 FY27: revenue $1.5B (+26% year over year), operating margin -2.3%, net earnings $5.3M, operating cash flow $530M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Free cash flow margin | 27.6% | 35.6% | -8.0 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription | $1.4B | $1.3B | $79.4M | +6% |
| Professional services | $70.6M | $64.8M | $5.8M | +9% |
| Revenue | $1.5B | $1.4B | $85.3M | +6% |
| Other income, net | $37.2M | $69.7M | −$32.5M | -47% |
| Income tax benefit | $1.4M | $6.9M | −$5.5M | -80% |
| Costs & expenses | $1.5B | $1.5B | $47.2M | +3% |
| Operating costs | $1.5B | $1.4B | $87.9M | +6% |
| Net earnings | $5.3M | $46.0M | −$40.7M | -88% |
| Cost of revenue | $374M | $342M | $31.7M | +9% |
| Research & development | $444M | $408M | $35.9M | +9% |
| Sales & marketing | $510M | $489M | $21.3M | +4% |
| General & admin | $176M | $177M | −$998K | -0.6% |
| Operating cash sources | $530M | $591M | −$60.7M | -10% |
| Depreciation & amortization | $25.7M | $0 | $25.7M | — |
| Share-based compensation | $377M | $298M | $79.2M | +27% |
| Working capital & other | $122M | $247M | −$125M | -51% |
| Operating cash flow | $530M | $591M | −$60.7M | -10% |
| Free cash flow (OCF − capex) | $406M | $493M | −$87.5M | -18% |
| Capital expenditures | $124M | $97.6M | $26.8M | +27% |
Questions
How much did CrowdStrike Holdings's revenue grow quarter over quarter in Q2 FY27?
CrowdStrike Holdings's revenue rose $85.3M (+6%) from $1.4B in Q1 FY27 to $1.5B in Q2 FY27.
What drove CrowdStrike Holdings's revenue change in Q2 FY27?
Subscription +$79.4M (+6%); Professional services +$5.8M (+9%).