Short answer
CrowdStrike Holdings (CRWD) filed its Q4 2025 10-Q quarterly report on Dec 3, 2025 for the quarter ended Oct 31, 2025. Quarterly revenue was $1.2B (up 22.2% year over year) with net income of −$34M.
Q4 2025 key financials · XBRL
- Revenue
- $1.2B
- +22.2% YoY · −45.7% QoQ
- Net income
- −$34M
- −102.1% YoY · +81.9% QoQ
- Operating margin
- -5.6%
- Gross margin
- 75.1%
- EPS (diluted)
- −$0.14
- −100.0% YoY · +81.3% QoQ
Source: XBRL data from the CrowdStrike Holdings (CRWD) Q4 2025 10-Q on SEC EDGAR. USD.
CrowdStrike Holdings Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $1.23B, up 22% YoY ($1.01B in Q3 FY24); subscription revenue $1.17B (+21%), professional services $65.5M (+38%)
- Operating loss (6%) of revenue, flat vs (6%) YoY; subscription gross margin flat YoY, professional services gross margin up 6 pts YoY
- Subscription segment best performer: $1.17B revenue (+21%), professional services worst: $65.5M (+38%) but lower margin impact
- Cash and equivalents $4.8B; operating cash flow $1.11B for nine months; investing cash used $641.5M mainly for acquisitions
- July 19 Incident legal costs rising, sales cycle delays, longer customer contracts, management expects adverse operational impact and elongated sales cycles
Risk Factors
- Newly added risk: July 19 Incident system crashes on Windows triggered lawsuits, governmental inquiries, reputational harm, and increased remediation costs
- Most materially updated risk: Regulatory complexity from EU-U.S. Data Privacy Framework and U.K. Data Use and Access Act 2025 impacting cross-border data transfers
- Most impactful legal risk: Securities litigation, derivative suits, and indemnity claims related to July 19 Incident causing significant legal expenses and management distraction
- Operational risk: Intense competition with larger incumbents leading to pricing pressure and potential loss of market share, aggravated by July 19 Incident
- Financial risk: $750 million debt outstanding plus $750 million available revolver with restrictive covenants limiting flexibility, risk of liquidity issues if cash flow insufficient
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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