CrowdStrike Company Profile (2026): Falcon at Scale
Company Profile | Cybersecurity | Updated August 2026
CrowdStrike: Falcon at Scale After Historic Outage
CrowdStrike (NASDAQ: CRWD) is endpoint security leader Falcon platform. Annual revenue 2025 $3.954B +29.39%, TTM July 2025 $4.341B +23.46%. Q3 Oct 2025 $1.23B beating $1.21B +1.61% vs $1.01B year-ago, Q4 Jan 2025 $1.06B +25.2% beating $1.03B +2.40%. Q1 FY2026 June 2025 $1.1B +20% YoY $194M net new ARR, FCF $279.4M 25% margin, 97% gross retention. ARR $3.65B +33% Q1 FY2025. July 19 2024 faulty Channel File 291 Falcon Sensor update caused 8.5M Windows systems BSOD largest IT outage in history.
Executive Summary
CrowdStrike founded 2011 HQ Texas went public 2019. Falcon platform cloud-based security real-time threat detection simplified management proactive threat hunting. Q1 FY2025 $921M +33% vs $692.6M, subscription $872.2M +34%. Raised FY2025 guidance $3.98-4.01B from $3.92-3.99B.
Historic outage: July 19 2024 CrowdStrike released update Falcon software ultimately caused 8.5M computers running Windows to crash unable properly restart historic scale. Content validation bug — not security incident or cyberattack per CEO George Kurtz. Faulty channel file update for Falcon platform causing millions Windows devices crash reboot loops. Impact travel, banking, healthcare, retail. Channel File 291 logic error root cause.
Platform & Recovery
Despite outage, Q1 FY2026 June 2025 $1.1B +20% YoY $194M net new ARR $279.4M FCF 25% margin 97% gross retention shows customer stickiness. Q3 Oct 2025 $1.23B vs $1.01B year-ago beat estimates three times last four quarters. Q4 Jan 2025 $1.06B +25.2% beat +2.40%.
| Metric | Detail |
|---|---|
| Falcon Sensor | Endpoint agent Windows, Mac, Linux — real-time threat detection. |
| ARR Growth | $3.65B +33% YoY Q1 FY2025, subscription revenue +34%. |
| Gross Retention | 97% Q1 FY2026 despite outage. |
| Market Position | Leader endpoint vs Microsoft Defender, SentinelOne. 77% share gain 2024 rival Palo Alto 95%. |
THE CODEW TAKE
CrowdStrike proved resilience after largest IT outage in history — 8.5M systems down, yet retained 97% gross retention and grew $3.954B +29% → $4.341B TTM. Falcon platform network effect: content validation bug led to global outage shows concentration risk, but $1.23B Q3 beat shows customers stay. vs Palo Alto $9.2B, CrowdStrike half size but faster growth +29% vs +15%. Risk: Microsoft bundling, SentinelOne, outage litigation. Watch ARR $3.65B → net new $194M trajectory and whether outage remediation costs pressure FCF 25% margin.
- MacroTrends annual $3.954B +29.39% 2025 TTM $4.341B +23.46%
- Zacks Q3 Oct 2025 $1.23B vs $1.01B beat 1.61%
- Motley Fool Q1 FY2026 $1.1B +20% $194M net new ARR 97% retention
- Wikipedia 8.5M systems crash July 19 2024 Channel File 291 largest outage IT history