This brief reports what CrowdStrike's 8-K earnings release, filed 2026-08-26, states, and nothing else. Every item below is a sentence the filing contains, quoted exactly and verified character-for-character against the document fetched from EDGAR. No inference is drawn and no claim is made about what any figure means.
The figures
| Metric | Value | Period |
|---|---|---|
| Net new ARR | $333 million | — |
| Annual Recurring Revenue (ARR) | 25% | July 31, 2026 |
| Net new ARR | $332.8 million | July 31, 2026 |
| Total revenue | $1.47 billion | second quarter of fiscal 2026 |
| Total revenue | 26% | second quarter of fiscal 2026 |
| Subscription revenue | $1.40 billion | second quarter of fiscal 2026 |
| Subscription revenue | 27% | second quarter of fiscal 2026 |
| GAAP subscription gross margin | 78% | second quarter of fiscal 2026 |
| Non-GAAP subscription gross margin | 81% | second quarter of fiscal 2026 |
| GAAP loss from operations | $33.2 million | second quarter of fiscal 2026 |
| Non-GAAP income from operations | $371.6 million | second quarter of fiscal 2026 |
| GAAP net income attributable to CrowdStrike | $5.3 million | second quarter of fiscal 2026 |
| Non-GAAP net income attributable to CrowdStrike | $322.9 million | second quarter of fiscal 2026 |
| Net cash generated from operations | $530.3 million | second quarter of fiscal 2026 |
| Free cash flow | $377.4 million | second quarter of fiscal 2026 |
| Cash and Cash Equivalents | $5.01 billion | July 31, 2026 |
| CrowdStrike’s module adoption rates for subscription customers | 51% | July 31, 2026 |
| CrowdStrike’s module adoption rates for subscription customers | 35% | July 31, 2026 |
| CrowdStrike’s module adoption rates for subscription customers | 26% | July 31, 2026 |
| Full-year fiscal 2027 net new ARR growth outlook | 34% | full-year fiscal 2027 |
| Subscription revenue | 1400291 | Three Months Ended July 31, 2026 |
| Subscription revenue | 1102945 | Three Months Ended July 31, 2025 |
| Subscription revenue | 2721144 | Six Months Ended July 31, 2026 |
| Subscription revenue | 2153713 | Six Months Ended July 31, 2025 |
| Total revenue | 1470897 | Three Months Ended July 31, 2026 |
| Total revenue | 1168952 | Three Months Ended July 31, 2025 |
| Total revenue | 2856526 | Six Months Ended July 31, 2026 |
| Total revenue | 2272386 | Six Months Ended July 31, 2025 |
| Subscription cost of revenue | 310691 | Three Months Ended July 31, 2026 |
| Subscription cost of revenue | 252451 | Three Months Ended July 31, 2025 |
| Subscription cost of revenue | 599154 | Six Months Ended July 31, 2026 |
| Subscription cost of revenue | 493811 | Six Months Ended July 31, 2025 |
| Total cost of revenue | 374002 | Three Months Ended July 31, 2026 |
| Total cost of revenue | 308551 | Three Months Ended July 31, 2025 |
| Total cost of revenue | 716279 | Six Months Ended July 31, 2026 |
| Total cost of revenue | 596426 | Six Months Ended July 31, 2025 |
| Gross profit | 1096895 | Three Months Ended July 31, 2026 |
| Gross profit | 860401 | Three Months Ended July 31, 2025 |
| Gross profit | 2140247 | Six Months Ended July 31, 2026 |
| Net new ARR | $333 million | Q2 |
| Full-year fiscal 2027 net new ARR growth outlook | 34% | fiscal 2027 |
| Total revenue | $1.47 billion | second quarter of fiscal 2027 |
| Total revenue | 26% | second quarter of fiscal 2027 |
| Subscription revenue | $1.40 billion | second quarter of fiscal 2027 |
| Subscription revenue | 27% | second quarter of fiscal 2027 |
| GAAP subscription gross margin | 78% | second quarter of fiscal 2027 |
| Non-GAAP subscription gross margin | 81% | second quarter of fiscal 2027 |
| GAAP loss from operations | $33.2 million | second quarter of fiscal 2027 |
| Non-GAAP income from operations | $371.6 million | second quarter of fiscal 2027 |
| GAAP net income attributable to CrowdStrike | $5.3 million | second quarter of fiscal 2027 |
| Non-GAAP net income attributable to CrowdStrike | $322.9 million | second quarter of fiscal 2027 |
| Net cash generated from operations | $530.3 million | second quarter of fiscal 2027 |
| Free cash flow | $377.4 million | second quarter of fiscal 2027 |
| Cash and Cash Equivalents | $5.01 billion | July 31, 2026 |
| Module adoption rates for subscription customers | 51% | July 31, 2026 |
| Module adoption rates for subscription customers | 35% | July 31, 2026 |
| Module adoption rates for subscription customers | 26% | July 31, 2026 |
| Annual recurring revenue | $6,184.4 - $6,188.4 million | Q3 FY27 |
| Annual recurring revenue | $6,603.0 - $6,611.9 million | Full Year FY27 |
| Total revenue | $1,523.2 - $1,529.2 million | Q3 FY27 |
| Total revenue | $5,991.1 - $6,011.1 million | Full Year FY27 |
| Non-GAAP income from operations | $372.7 - $375.9 million | Q3 FY27 |
| Non-GAAP income from operations | $1,497.2 - $1,508.4 million | Full Year FY27 |
| Non-GAAP net income attributable to CrowdStrike | $325.4 - $327.9 million | Q3 FY27 |
| Non-GAAP net income attributable to CrowdStrike | $1,302.7 - $1,311.6 million | Full Year FY27 |
| Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | $0.31 | Q3 FY27 |
| Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted | $1.25 - $1.26 | Full Year FY27 |
| Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted | 1,048 million | Q3 FY27 |
| Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted | 1,044 million | Full Year FY27 |
| Non-GAAP tax rate | 21.0% | Q3 FY27 |
| Non-GAAP tax rate | 21.0% | Full Year FY27 |
Every figure above is quoted from the filing; the sentence it was read from appears under its beat below.
The evidence, by beat
ARR / NRR / NDR growth or dilution
ARR is calculated as the annualized value of CrowdStrike’s customer subscription contracts as of the measurement date, assuming any contract that expires during the next 12 months is renewed on its existing terms.
CrowdStrike's dollar-based net retention rate compares its ARR from a set of subscription customers against the same metric for those subscription customers from the prior year.
CrowdStrike's dollar-based net retention rate reflects customer renewals, expansion, contraction and churn, and excludes revenue from its incident response and proactive services.
Current Period ARR includes any expansion and is net of contraction or churn over the trailing 12 months, but excludes revenue from new subscription customers in the current period.
CrowdStrike then divides the Current Period ARR by the Prior Period ARR to arrive at its dollar-based net retention rate.
CrowdStrike then deducts from the Prior Period ARR any ARR from subscription customers who are no longer customers as of the current period end, or Current Period Remaining ARR.
CrowdStrike then divides the total Current Period Remaining ARR by the total Prior Period ARR to arrive at its dollar-based gross retention rate, which is the percentage of ARR from all subscription customers as of the year prior that is not lost to customer churn.
Module adoption rates are calculated by taking the total number of customers with six or more, seven or more, and eight or more modules, respectively, divided by the total number of subscription customers (excluding Falcon Go customers).
seat vs consumption / usage-based pricing mix shift
Q2 was a record-breaking quarter. We achieved record net new ARR of $333 million alongside record net new ARR from new logos, increased dollar-based gross and net retention rates, and Q2 record cash flow from operations and free cash flow.
Annual Recurring Revenue (ARR) grew 25% year-over-year to $5.84 billion as of July 31, 2026, of which $332.8 million was net new ARR added in the quarter.
Annual Recurring Revenue (ARR) grew 25% year-over-year to $5.84 billion as of July 31, 2026, of which $332.8 million was net new ARR added in the quarter.
Total revenue was $1.47 billion, a 26% increase, compared to $1.17 billion in the second quarter of fiscal 2026.
Total revenue was $1.47 billion, a 26% increase, compared to $1.17 billion in the second quarter of fiscal 2026.
Subscription revenue was $1.40 billion, a 27% increase, compared to $1.10 billion in the second quarter of fiscal 2026.
Subscription revenue was $1.40 billion, a 27% increase, compared to $1.10 billion in the second quarter of fiscal 2026.
GAAP subscription gross margin was 78%, compared to 77% in the second quarter of fiscal 2026.
Non-GAAP subscription gross margin was 81%, compared to 80% in the second quarter of fiscal 2026.
GAAP loss from operations was $33.2 million, compared to $105.5 million in the second quarter of fiscal 2026.
Non-GAAP income from operations was $371.6 million, compared to $255.0 million in the second quarter of fiscal 2026.
GAAP net income attributable to CrowdStrike was $5.3 million, compared to a loss of $70.2 million in the second quarter of fiscal 2026.
Non-GAAP net income attributable to CrowdStrike was $322.9 million, compared to $237.4 million in the second quarter of fiscal 2026.
Net cash generated from operations was $530.3 million, compared to $332.8 million in the second quarter of fiscal 2026.
Free cash flow was $377.4 million, compared to $283.6 million in the second quarter of fiscal 2026.
Cash and Cash Equivalents grew to $5.01 billion as of July 31, 2026.
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Scope: for six or more modules.
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Scope: for seven or more modules.
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Scope: for eight or more modules.
we are raising our full-year fiscal 2027 net new ARR growth outlook to 34% at the midpoint
competitive displacement / win-loss / platform consolidation
RevenueSubscription$1,400,291 $1,102,945 $2,721,144 $2,153,713
RevenueSubscription$1,400,291 $1,102,945 $2,721,144 $2,153,713
RevenueSubscription$1,400,291 $1,102,945 $2,721,144 $2,153,713
RevenueSubscription$1,400,291 $1,102,945 $2,721,144 $2,153,713
Total revenue1,470,897 1,168,952 2,856,526 2,272,386
Total revenue1,470,897 1,168,952 2,856,526 2,272,386
Total revenue1,470,897 1,168,952 2,856,526 2,272,386
Total revenue1,470,897 1,168,952 2,856,526 2,272,386
Cost of revenueSubscription (1)(2)(6)310,691 252,451 599,154 493,811
Cost of revenueSubscription (1)(2)(6)310,691 252,451 599,154 493,811
Cost of revenueSubscription (1)(2)(6)310,691 252,451 599,154 493,811
Cost of revenueSubscription (1)(2)(6)310,691 252,451 599,154 493,811
Total cost of revenue374,002 308,551 716,279 596,426
Total cost of revenue374,002 308,551 716,279 596,426
Total cost of revenue374,002 308,551 716,279 596,426
Total cost of revenue374,002 308,551 716,279 596,426
Gross profit1,096,895 860,401 2,140,247 1,675
Gross profit1,096,895 860,401 2,140,247 1,675
Gross profit1,096,895 860,401 2,140,247 1,675
AI product monetisation / attach
We achieved record net new ARR of $333 million alongside record net new ARR from new logos, increased dollar-based gross and net retention rates, and Q2 record cash flow from operations and free cash flow.
we are raising our full-year fiscal 2027 net new ARR growth outlook to 34% at the midpoint
Total revenue was $1.47 billion, a 26% increase, compared to $1.17 billion in the second quarter of fiscal 2026.
Total revenue was $1.47 billion, a 26% increase, compared to $1.17 billion in the second quarter of fiscal 2026.
Subscription revenue was $1.40 billion, a 27% increase, compared to $1.10 billion in the second quarter of fiscal 2026.
Subscription revenue was $1.40 billion, a 27% increase, compared to $1.10 billion in the second quarter of fiscal 2026.
GAAP subscription gross margin was 78%, compared to 77% in the second quarter of fiscal 2026.
Non-GAAP subscription gross margin was 81%, compared to 80% in the second quarter of fiscal 2026.
GAAP loss from operations was $33.2 million, compared to $105.5 million in the second quarter of fiscal 2026.
Non-GAAP income from operations was $371.6 million, compared to $255.0 million in the second quarter of fiscal 2026.
GAAP net income attributable to CrowdStrike was $5.3 million, compared to a loss of $70.2 million in the second quarter of fiscal 2026.
Non-GAAP net income attributable to CrowdStrike was $322.9 million, compared to $237.4 million in the second quarter of fiscal 2026.
Net cash generated from operations was $530.3 million, compared to $332.8 million in the second quarter of fiscal 2026.
Free cash flow was $377.4 million, compared to $283.6 million in the second quarter of fiscal 2026.
Cash and Cash Equivalents grew to $5.01 billion as of July 31, 2026.
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Scope: for six or more modules.
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Scope: for seven or more modules.
CrowdStrike’s module adoption rates for subscription customers grew to 51%, 35%, and 26% for six or more, seven or more, and eight or more modules, respectively, as of July 31, 2026.
Scope: for eight or more modules.
guidance raised/cut, outlook change
Guidance for non-GAAP financial measures excludes stock-based compensation expense and related employer payroll taxes, amortization of acquired intangible assets (including purchased patents), acquisition-related expenses (credits), net, amortization of debt issuance costs and discount, mark-to-market adjustments on deferred compensation liabilities, legal reserve and settlement charges or benefits, costs (recoveries) associated with the July 19 Incident and related matters, net, strategic plan related charges (benefits), net, losses (gains) and other expense (income) from strategic investments, and losses (gains) on deferred compensation assets, and is adjusted for its long-term non-GAAP effective tax rate.
Annual recurring revenue$6,184.4 - $6,188.4 million$6,603.0 - $6,611.9 million
Annual recurring revenue$6,184.4 - $6,188.4 million$6,603.0 - $6,611.9 million
Total revenue$1,523.2 - $1,529.2 million$5,991.1 - $6,011.1 million
Total revenue$1,523.2 - $1,529.2 million$5,991.1 - $6,011.1 million
Non-GAAP income from operations$372.7 - $375.9 million$1,497.2 - $1,508.4 million
Non-GAAP income from operations$372.7 - $375.9 million$1,497.2 - $1,508.4 million
Non-GAAP net income attributable to CrowdStrike$325.4 - $327.9 million$1,302.7 - $1,311.6 million
Non-GAAP net income attributable to CrowdStrike$325.4 - $327.9 million$1,302.7 - $1,311.6 million
Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted$0.31$1.25 - $1.26
Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted$0.31$1.25 - $1.26
Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted1,048 million1,044 million
Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted1,048 million1,044 million
Non-GAAP tax rate21.0%21.0%
Non-GAAP tax rate21.0%21.0%
- and increasing its guidance for fiscal year 2027 (ending January 31, 2027).
Verification ledger
- 93 statements proposed by the extractor
- 81 verified verbatim against the fetched filing (87%)
- 12 discarded — not quotable character-for-character
The verbatim check contains no model: the extractor proposes a statement, and a deterministic substring match against the fetched text decides whether it is admissible. A proposal that does not verify is dropped.
This brief publishes no inference and no synthesis. The publication's inference layer must clear a measured second-lab confirmation threshold before it may appear; it has not, so it is absent by rule rather than by omission.