CRWD dropped their Q4 FY2026 earnings today and it was a decent beat overall. Revenue came in at 1.31b topping expectations of 1.30b and eps at 1.12 vs 1.10 cons. Nothing massive but still a beat, stock gapped up to 390.
Highlights which caught my attention,
Ending ARR crossed 5.25b with 24% yoy growth and net new ARR jumped 47% to a record 331m, this shows the falcon platform is still landing big expansions and new logos amid rising ai/cyber threats. Guidance was strong, 5.87b to 5.93b in revenue for FY 2027 and solid operating leverage.
Marigns keep improving as they scale, gross margins trending in the high 70's/low 80's, operating margins trending noticeably higher aswell which is huge for a growth SaaS play turning profitable. Highlights CRWD's key positioning and dominance in the booming cyber sector compared to peers.
Valuation is noticeably stretched, sitting at a decent premium regarding ratios like pe and ps but can be worth the premium if growth and margin expansion continues. Has dropped 33% from last ath which was expected considering how expensive they were.
Cyber sector remains hot with ai threat exploading and CRWD platform keeps stacking modules driving stickier multi product adoption.
I have updated my own personal model after this print which was noticeably lower then the last closing price of 390, I am personally willing to spend extra on a high quality, growing company like CRWD. Current average is 347, I won't go into modelling details on here as the variables are quite large to mention but if your digging into CRWD and want some guidance DM me for details. My discord showcases relative topics all surrounding investing, modelling, company analysis with members all focused on the same thing. Let me know what you guys think.