Q2 2025 CrowdStrike Holdings Inc Earnings Call Transcript
Key Points
- CrowdStrike Holdings Inc (CRWD) reported Q2 revenue of $964 million, ahead of guidance.
- Ending ARR grew 32% year-over-year to $3.86 billion.
- Record non-GAAP operating income of $227 million, growing 46% year-over-year.
- GAAP profitability for the sixth consecutive quarter.
- Free cash flow of $272 million at 28% of revenue, achieving a Rule of 60.
- The July 19 incident delayed deals into subsequent quarters, impacting Q2 results.
- Extended sales cycles and additional scrutiny are expected to impact near-term results.
- Customer commitment packages are expected to temporarily mute upsell dollar values and increase subscription terms.
- Potential legal exposure related to the July 19 incident remains uncertain.
- Visibility into the back half of the year is less than typical, impacting guidance.
Hello, and welcome to CrowdStrike's Fiscal Second Quarter 2025 Financial Results Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, we will conduct a question-and-answer session. Please be advised that today's conference is being recorded. I would now like to hand the call over to Maria Riley, Vice President of Investor Relations. Maria, please go ahead.
Good afternoon, and thank you for your participation today. With me on the call are George Kurtz, President and Chief Executive Officer and Co-Founder of CrowdStrike; and Burt Podbere, Chief Financial Officer.
Before we get started, I would like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives, growth, including projections, and expected performance, including our outlook for the third quarter and fiscal year 2025, and any assumptions for fiscal periods beyond that are
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