CrowdStrike Crosses $5.25B ARR — First Pure-Play Cybersecurity Firm Above $5B, Expands Buyback by $500M

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CrowdStrike's annual recurring revenue hit $5.25B, making it the first pure-play cybersecurity software company to cross $5 billion. Full-year revenue reached $4.81B (up 22%), with $1.01B in net new ARR and $1.24B in free cash flow. The company expanded its share repurchase program by $500M to $1.5B total — a significant bet that its stock is undervalued relative to growth, even as AI disruption fears have compressed SaaS multiples broadly.