CrowdStrike Q4 Earnings Beat Estimates, Revenues Increase Y/Y

CrowdStrike CRWD reported non-GAAP earnings per share of $1.12 for the fourth quarter of fiscal 2026, which surpassed the Zacks Consensus Estimate by 1.6%. The bottom line increased 8.7% on a year-over-year basis.

CrowdStrike’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 6.6%.

The company’s fourth-quarter revenues of $1.31 billion surpassed the consensus estimate by 0.68%. Moreover, the top line increased 23.6% year over year.

Top-Line Details of CrowdStrike

Subscription revenues (95.2% of the total revenues) jumped 23.2% year over year to $1.24 billion. Professional services revenues (4.8% of the total revenues) increased 25.7% year over year to $63.1 million.

CrowdStrike Price, Consensus and EPS Surprise

CrowdStrike price-consensus-eps-surprise-chart | CrowdStrike Quote

As of Jan. 31, 2026, annual recurring revenues (ARR) were $5.25 billion, up 24% year over year. The company added $330.7 million to its net new ARR in the reported quarter.

CrowdStrike’s subscription customers, who adopted six or more cloud modules, represented 50% of the total subscription customers, those with seven or more cloud modules accounted for 34%, and those with eight or more cloud modules represented 24% as of Jan. 31, 2026.

CrowdStrike’s Operating Details

CrowdStrike’s gross profit increased 25.9% to $989.5 million in the fiscal fourth quarter from $786.2 million in the year-ago quarter. The non-GAAP gross margin increased 100 basis points to 79%.

The non-GAAP subscription gross profit soared 24.4% year over year to $1 billion, while the gross margin expanded 100 basis points (bps) year over year to 81%. The non-GAAP professional gross profit increased 35.9% to $21.9 million, while the gross margin expanded 300 bps to 35% on a year-over-year basis.

CrowdStrike’s total non-GAAP operating expenses increased 19.8% to $703.2 million from $586.9 million reported in the year-ago quarter. As a percentage of revenues, non-GAAP operating expenses decreased 300 basis points to 54%.

Non-GAAP sales and marketing expenses jumped 15.5% year over year to $384.7 million. Non-GAAP research and development expenses climbed 24.9% year over year to $246.3 million. Non-GAAP general and administrative expenses increased 2.8% year over year to $73.2 million.

The non-GAAP operating income increased 44.9% to $325.8 million. The non-GAAP operating margin for the quarter contracted 400 bps year over year to 25%.

CrowdStrike’s Balance Sheet & Cash Flow

As of Jan. 31, 2026, cash and cash equivalents were $5.23 billion. CrowdStrike had a long-term debt of $745.5 million.

In the fiscal fourth quarter, CrowdStrike generated operating and free cash flows of $497.9 million and $376.4 million, respectively.

CrowdStrike’s Zacks Rank & Stocks to Consider

Currently, CRWD has a Zacks Rank #3 (Hold).

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