CrowdStrike Sees Q2 Cash-Flow Margin Drop After Strong Q1 Free Cash Flow
CrowdStrike reports $468.5 million of free cash flow in Q1, 34% of revenue, plus $590.9 million in cash flow from operations, and $4.5 billion in cash and equivalents. Management expects Q2 free-cash-flow margin to fall to about 24.5% due to seasonality, while keeping a 30% full-year free-cash-flow margin target. The stock trades at a high premium into Q2 earnings.