TAILWIND DEPLOYING2025-12-02

CrowdStrike Holdings Inc. Q3-2025

Information Technology · Systems Software

Revenue
$1.2B
YoY Growth
22.2%
EPS
$0.96
Gross Margin
75.0%
Revenue by Segment
Subscription
+21%$1.2B
Professional services
+38%$66M

Operator Signal: TAILWIND

CrowdStrike is firing on all cylinders. Record net new ARR of $265M accelerating 73% YoY signals cybersecurity budgets are expanding, not contracting. The Falcon Flex consolidation model is driving multi-module adoption and platform lock-in across endpoint, cloud, identity, and SIEM.

Founder Implication

If you're building security tools, CrowdStrike's platform consolidation play is swallowing adjacent categories fast — cloud security, identity, SIEM. Either integrate with Falcon or find a niche they haven't reached yet. If you're a buyer, Falcon Flex pricing creates real consolidation leverage worth evaluating.

AI Intelligence

DEPLOYING

CrowdStrike has multiple named AI products in production (Charlotte AI, Threat AI, Agentic Security Workforce) with FedRAMP authorization and deep integrations with NVIDIA and CoreWeave. They acquired Pangea for AI security. However, no specific AI revenue attribution was disclosed, keeping them short of MONETIZING.

Mentions: 18
DEPLOYING
CrowdStrike is the enabler of secure AI transformation with the right architecture, the right products, and the right executionGeorge Kurtz
MONETIZING
We are capitalizing on the AI-driven demand environment as customers consolidate on the Falcon platformBurt Podbere
DEPLOYING
Charlotte AI innovations; Threat AI, the industry's first agentic threat intelligence system; and an expanded Agentic Security WorkforceGeorge Kurtz
DEPLOYING
Acquired Pangea, a leader in AI securityGeorge Kurtz
DEPLOYING
Charlotte AI has achieved Federal Risk and Authorization Management Program (FedRAMP) High AuthorizationGeorge Kurtz
DEPLOYING
Unveiled a global partnership with CoreWeave to power the secure AI cloud foundation for the agentic era and accelerate the march toward secure AGIGeorge Kurtz

Competitor Intelligence

AWS4x mentioned
BULLISH
AWS selected CrowdStrike as the first cybersecurity partner to deliver an integrated SIEM through SaaS Quick Launch
CoreWeave2x mentioned
BULLISH
Unveiled a global partnership with CoreWeave to power the secure AI cloud foundation for the agentic era
NVIDIA3x mentioned
BULLISH
Collaborated with NVIDIA to bring always-on, continuously learning AI agents for cybersecurity to the edge through Charlotte AI AgentWorks
Microsoft1x mentioned
NEUTRAL
Marquee partnerships with AWS, EY, CoreWeave, and Kroll validate CrowdStrike's market leadership
Salesforce1x mentioned
NEUTRAL
Announced innovations with Amazon Web Services, Intel, Meta, NVIDIA, and Salesforce to secure the future of enterprise AI
Meta1x mentioned
NEUTRAL
Announced innovations with Amazon Web Services, Intel, Meta, NVIDIA, and Salesforce to secure the future of enterprise AI
Intel1x mentioned
NEUTRAL
Announced innovations with Amazon Web Services, Intel, Meta, NVIDIA, and Salesforce to secure the future of enterprise AI
EY2x mentioned
BULLISH
EY US has selected Falcon Next-Gen SIEM as the foundational platform powering its global cybersecurity managed services
Kroll2x mentioned
BULLISH
Kroll's selection to standardize on CrowdStrike, upleveling its MDR with Falcon Complete for Service Providers
KPMG1x mentioned
BULLISH
KPMG is expanding its cybersecurity services with the CrowdStrike Falcon platform, including integrating Falcon Next-Gen SIEM
BT1x mentioned
BULLISH
Partnered with BT to launch BT Business Antivirus Detect and Respond, a new cybersecurity service powered by Falcon Go
Pangea1x mentioned
BULLISH
Acquired Pangea, a leader in AI security

What They Actually Said

CrowdStrike is the enabler of secure AI transformation with the right architecture, the right products, and the right execution.

George Kurtz, CEO
aigrowth-signalproduct-launch

Q3 was one of our best quarters in company history: we achieved record Q3 net new ARR of $265 million, accelerating to 73% year-over-year growth, and ending ARR of $4.92 billion.

George Kurtz, CEO
growth-signal

Our single platform strategy coupled with the Falcon Flex subscription model unlocks consolidation, positioning CrowdStrike as the operating system of cybersecurity.

George Kurtz, CEO
competitionproduct-launchpricing

We delivered outstanding third quarter results, exceeding expectations across all guided metrics. Total revenue growth accelerated to 22% year-over-year.

Burt Podbere, CFO
growth-signalguidance

We are capitalizing on the AI-driven demand environment as customers consolidate on the Falcon platform, driving our pipeline to an all-time high.

Burt Podbere, CFO
aigrowth-signal

We have increased our second half fiscal year 2026 net new ARR growth expectations to at least 50% year-over-year and remain confident in delivering 20% net new ARR growth for fiscal year 2027.

Burt Podbere, CFO
guidancegrowth-signal

Forward Guidance

RAISED
Q4 FY26 total revenue $1,290.0 - $1,300.0 million(next quarter)
RAISED
Full Year FY26 total revenue $4,796.6 - $4,806.6 million(full year)
RAISED
Q4 FY26 Non-GAAP net income per share $1.09 - $1.11(next quarter)
RAISED
Full Year FY26 Non-GAAP net income per share $3.70 - $3.72(full year)
RAISED
Non-GAAP income from operations $1,036.1 - $1,040.1 million for FY26(full year)
RAISED
Increased second half FY26 net new ARR growth expectations to at least 50% year-over-year(full year)
MAINTAINED
Remain confident in delivering 20% net new ARR growth for fiscal year 2027 from increased FY26 expectations(long-term)

Who Ran This Call

DynamicCEO-Led Call
CEO Share60%
George KurtzCEO
CONFIDENT180 words
Burt PodbereCFO
OPTIMISTIC120 words
George Kurtz: operating system of cybersecurity, enabler of secure AI transformation, one of our best quarters in company history
Burt Podbere: exceeding expectations across all guided metrics, pipeline to an all-time high, raising our fiscal year 2026 guidance