Filing Flows › CrowdStrike Holdings (CRWD) › Q3 FY26
CrowdStrike Holdings (CRWD) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 3, 2025
CrowdStrike Holdings (CRWD) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +22% from a year earlier and +6% from the quarter before. Operating margin was -5.6%, net loss $34.0M (2.8% of revenue).
CrowdStrike Holdings, Q3 FY26: revenue $1.2B (+22% year over year), operating margin -5.6%, net loss $34.0M, operating cash flow $398M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +6% | +22% |
| Operating profit | −$69.4M | — | — |
| Net earnings | −$34.0M | — | — |
| Operating cash flow | $398M | +19% | +22% |
| Free cash flow | $314M | +4% | +27% |
What changed
Revenue was $1.2B in Q3 FY26, up 22% year over year and up 6% from the previous quarter. Subscription was the largest line at 95% of revenue. Subscription added $0.21B year over year (up 21%), 92% of the total change.
Gross margin was 75.1%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $0.07B, an operating margin of -5.6%. Operating expenses grew 23% against revenue growth of 22%. The fastest-growing cost line was General & admin (+32%). The quarter ended with a net loss of $0.03B, narrower than the previous quarter's $0.08B loss. Non-operating items added $0.05B, -198% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.40B (up 22% year over year). Non-cash charges added back $0.30B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.08B left free cash flow of $0.31B.
Questions
What was CrowdStrike Holdings' revenue in the third quarter fiscal 2026?
CrowdStrike Holdings (CRWD) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +22% from a year earlier and +6% from the quarter before.
Was CrowdStrike Holdings profitable in the third quarter fiscal 2026?
Operating loss was $69.4M (-5.6% of revenue) and net loss $34.0M.