CrowdStrike Holdings, Inc. (Nasdaq: CRWD) reported impressive results for the third quarter of fiscal year 2025, with significant milestones in both revenue and annual recurring revenue (ARR). The cybersecurity firm surpassed the $4 billion mark in ARR, growing by 27% year-over-year to reach $4.02 billion, making it the fastest and only pure-play cybersecurity company to achieve this milestone.

The company also exceeded $1 billion in quarterly revenue for the first time, posting $1.01 billion in total revenue, a 29% year-over-year increase from $786 million in Q3 FY2024. Subscription revenue grew 31% to $962.7 million, driven by strong customer retention and module adoption. Despite the growth in top-line revenue, CrowdStrike reported a GAAP operating loss of $55.7 million, a shift from a $3.2 million profit last year. However, non-GAAP income from operations increased to $194.9 million, up from $175.7 million in the prior-year period.

Net income for the quarter came in at a GAAP net loss of $16.8 million, compared to a profit of $26.7 million in Q3 FY2024. Non-GAAP net income was $234.3 million, marking a rise from $199.2 million in the previous year, with non-GAAP net income per share reaching $0.93, up from $0.82 in Q3 FY2024.

CrowdStrike generated $326.1 million in cash flow from operations, with free cash flow of $230.6 million, maintaining strong liquidity. As of October 31, 2024, the company held $4.26 billion in cash and cash equivalents.

The company also saw strong progress in customer adoption, with 66% of customers using five or more modules, and 20% using eight or more. CrowdStrike’s product suite was bolstered by several innovations, including the acquisition of Adaptive Shield for enhanced SaaS security and the introduction of new features at its Fal.Con cybersecurity conference.

Looking ahead, CrowdStrike is optimistic about its future growth. For the fourth quarter of fiscal 2025, the company expects revenue to range between $1.028 billion and $1.035 billion, with non-GAAP net income per share projected at $0.84 to $0.86. For the full fiscal year 2025, the company is forecasting total revenue between $3.924 billion and $3.931 billion.

CrowdStrike’s CEO, George Kurtz, highlighted the company’s technological edge, emphasizing its AI-powered Falcon platform and the strong customer demand for its cybersecurity solutions. The company remains confident in its ability to drive long-term growth and innovation in the rapidly evolving cybersecurity landscape.