CrowdStrike Holdings, Inc. · CRWD · FY2025 Q3 · Calendar Q4 2024

CrowdStrike: Growth Holds, but Incident Still Limits Visibility

The supplied analysis supports a resilient growth story, but the July 19 incident remains a material constraint on near-term visibility and execution.

Reported After market closeNASDAQTechnology $263.73B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $0.81
EPS surprise — Reported versus consensus
Reported revenue — Consensus $982.4M
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move -4.6% Event window
SPY move -0.3% Same window
Abnormal move -4.3% Stock minus SPY
Volume 3.1× Versus trailing sessions
Subsequent drift +2.1% Up to 20 sessions
CRWDSPY benchmark

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Transcript intelligence

What changed

ARR and revenue surpassed $4 billion and $1 billion, respectively; Falcon Flex and Adaptive Shield strengthened the platform story, while Q4 visibility remained limited.

Guidance delta

Guidance was maintained; the supplied analysis cites 22% year-over-year Q4 revenue growth and 28–29% year-over-year FY2025 growth.

Key takeaways

  • The analysis describes ARR above $4 billion and revenue above $1 billion, both company records.
  • Falcon Flex is supporting platform consolidation and larger deal sizes.
  • Adaptive Shield broadens the cloud-security and SaaS posture-management offering, while incident effects still constrain visibility.

Management priorities

  • Expand Falcon Flex adoption and module penetration.
  • Integrate Adaptive Shield and develop SaaS posture-management offerings.
  • Invest in Charlotte AI and other AI-security capabilities while expanding marketplace and partner reach.

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Earnings History

Estimate Beat Miss Match
CRWD EPS earnings history estimate and actual scatter chart 10 reported fiscal quarters and 2 future estimate-only quarters. Q1 '25 estimate $0.90 Q1 '25 actual $0.93, beat Q2 '25 estimate $0.99 Q2 '25 actual $1.04, beat Q1 '26 estimate $0.20 Q1 '26 actual $0.18, miss Q2 '26 estimate $0.21 Q2 '26 actual $0.23, beat Q3 '26 estimate $0.23 Q3 '26 actual $0.24, match Q4 '26 estimate $0.27 Q4 '26 actual $0.28, match Q1 '27 estimate $0.27 Q1 '27 actual $0.28, match Q2 '27 estimate $0.29 Q2 '27 actual $0.31, beat Q3 '27 estimate $0.31 Q4 '27 estimate $0.36
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Analyst Consensus ?

ConsensusBuy67 ratings
Bullish5176.1%
Neutral1420.9%
Bearish23.0%

Analyst 52W Price Targets

$257.57Current
$30Low
$157.93Average
$425High

Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 25, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Mizuho Outperform OutperformMaintainOct 22, 2026
Keybanc Overweight OverweightMaintainOct 16, 2026
Citigroup Buy BuyMaintainOct 15, 2026
Freedom Broker Buy BuyMaintainOct 14, 2026
BTIG Buy BuyMaintainOct 14, 2026
Show 62 more rating actions

Named analyst price targets

Upside is calculated against the persisted current price $257.57. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
Mizuho SecuritiesAnalyst unavailable$275$239.34 +6.8%Oct 22, 2026
KeyBancEric Heath$265$244.57 +2.9%Oct 16, 2026
BTIGGray Powell$312$261.21 +21.1%Oct 14, 2026
Wells FargoAnalyst unavailable$300$275.04 +16.5%Oct 12, 2026
UBSAnalyst unavailable$310$263.01 +20.4%Oct 9, 2026
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Company context

Snapshot as of publication

CrowdStrike Holdings, Inc. delivers cloud-native cybersecurity solutions. Its comprehensive suite safeguards endpoints, cloud workloads, user identities, and critical data. The company's offerings span a wide range, including threat intelligence, managed security services, IT operations management, proactive threat hunting, Zero Trust identity protection, and log management capabilities. CrowdStrike primarily generates revenue through subscription sales of its flagship Falcon platform and its array of cloud modules. These offerings are distributed globally via a direct sales force, augmented by an extensive network of channel partners. Established in 2011, the company is headquartered in Austin, Texas.

Historical context

All CRWD earnings

Technology peers this season

Latest reports in the same sector

Latest beats and misses

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2024-11-12T00:05:02.794111+00:00
  3. Polygon adjusted daily market bars · 2026-10-25T13:50:43.545038+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-25T13:50:43.542233+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-25. For educational purposes only; not investment advice.