Crowdstrike Holdings Inc - Ordinary Shares - Class A

Strong Q1 Performance: CrowdStrike reported net new ARR of $194 million, exceeding expectations, with a total ARR surpassing $4.4 billion, representing a 22% year-over-year growth. Subscription gross margins stood at 80%, reflecting operational efficiency.

Falcon Flex Momentum: The introduction of the Falcon Flex subscription model has led to significant adoption, with over $3.2 billion in total account value from 820 customers. The average subscription contract length has reached 31 months, and the average deal size exceeds $1 million, indicating robust customer commitment and future revenue growth.

Guidance for Q2 and FY2026: The company expects total revenue for Q2 FY2026 to be in the range of $1.145 to $1.152 billion, showing a 19% year-over-year growth. For the full fiscal year, total revenue is forecasted to be between $4.743 to $4.806 billion, translating to a growth rate of 20-22%.