CrowdStrike reported Q3 FY2025 revenue of $1.01 billion, up 29% year-over-year, with subscription revenue increasing 31% to $962.7 million. However, the company posted a net loss of $16.8 million compared to net income of $26.7 million in the year-ago quarter, primarily impacted by expenses related to the July 19 Incident. Annual Recurring Revenue grew 27% to $4.02 billion.The July 19 Incident, which caused system crashes for certain Windows systems, continues to affect business operations with longer sales cycles and increased expenses. The company incurred $33.9 million in incident-related costs during Q3 and expects ongoing impact on customer relations and sales processes. Management noted that while customer churn remains low, sales opportunities have been delayed and purchasing decisions elongated.Looking ahead, CrowdStrike maintains strong cash position with $4.3 billion in cash and cash equivalents. The company completed strategic acquisitions including Flow Security and announced plans to acquire Adaptive Shield. Despite near-term challenges, subscription gross margin remained stable at 78% while total gross margin held at 75%, demonstrating underlying business resilience.

CrowdStrike reported Q3 FY2025 revenue of $1.01 billion, up 29% year-over-year, with subscription revenue increasing 31% to $962.7 million. However, the company posted a net loss of $16.8 million compared to net income of $26.7 million in the year-ago quarter, primarily impacted by expenses related to the July 19 Incident. Annual Recurring Revenue grew 27% to $4.02 billion.The July 19 Incident, which caused system crashes for certain Windows systems, continues to affect business operations with longer sales cycles and increased expenses. The company incurred $33.9 million in incident-related costs during Q3 and expects ongoing impact on customer relations and sales processes. Management noted that while customer churn remains low, sales opportunities have been delayed and purchasing decisions elongated.Looking ahead, CrowdStrike maintains strong cash position with $4.3 billion in cash and cash equivalents. The company completed strategic acquisitions including Flow Security and announced plans to acquire Adaptive Shield. Despite near-term challenges, subscription gross margin remained stable at 78% while total gross margin held at 75%, demonstrating underlying business resilience.