CrowdStrike's $2B Platform ARR Delivers Record Q1 Net New ARR
FTNT•CrowdStrike's core platform modules — including Next-gen SIEM, cloud, and identity security — surpassed $2 billion in ending ARR and delivered record Q1 net new ARR. This platform business underpinned the company's 23% year-over-year revenue growth and provides a predictable revenue base beyond AI security products.
1. Platform Business Scale
CrowdStrike’s established platform modules—Next-gen SIEM, cloud security, and identity security—exceeded $2 billion in ending ARR and achieved record Q1 net new ARR, highlighting the scale of its recurring revenue streams beyond endpoint protection.
2. Contribution to Growth
The platform segment drove a portion of the company’s 23% year-over-year revenue growth by cross-selling security tools to existing customers, increasing wallet share and boosting overall retention metrics.
3. Resilience Beyond AI Hype
While AI Detection and Response products are ramping, the $2 billion ARR platform provides a stable revenue foundation that can absorb fluctuations in AI adoption timelines and reduce dependence on nascent product cycles.
