$CrowdStrike (CRWD.US)$ reported third-quarter financial results after the market close on Tuesday.

CrowdStrike reported third-quarter revenue of $1.01 billion, beating the consensus estimate of $982.36 million. The cybersecurity company reported adjusted earnings of $93 cents per share, beating analyst estimates of 81 cents per share.

CrowdStrike has exceeded analyst estimates in every quarter since going public in 2019, according to data from Benzinga Pro.

Total revenue was up 29% year-over-year. Annual recurring revenue increased 27% year-over-year to $4.02 billion after the company added $153 million of net new ARR in the quarter.

Net cash generated from operations was $326.1 million and free cash flow came in at $230.6 million. The company ended the quarter with $4.26 billion in cash, equivalents and short-term investments.

"CrowdStrike surpassed $4 billion in ending ARR in the quarter — the fastest and only pure play cybersecurity software company to reach this reported milestone — as our single platform approach and trailblazing innovation continue to resonate at-scale," said George Kurtz, co-founder, president and CEO of CrowdStrike.

"With over 97% gross retention, customers remain committed to the technological superiority of the Falcon platform and the benefits of cybersecurity consolidation. Accelerating module adoption and customers embracing our transformational Falcon Flex subscription model give us confidence in CrowdStrike's bright future as cybersecurity's AI platform of record."

CrowdStrike provided an update on customers who were impacted by the global IT outage in July due to a defect in a CrowdStrike content update. The company said last quarter that it was extending commitment packages to impacted customers. CrowdStrike said Tuesday that it saw "incredible success" with customer packages as customers embraced the program and chose to deepen their relationships with the company.

CrowdStrike expects fourth-quarter revenue to be between $1.029 billion and $1.035 billion versus estimates of $1.03 billion. The company anticipates fourth-quarter adjusted earnings of 84 cents to 86 cents per share versus estimates of 86 cents per share.

CrowdStrike also raised its fiscal year 2025 guidance. The company now expects full-year revenue of $3.923 billion to $3.931 billion versus estimates of $3.897 billion. The company expects full-year earnings to be in the range of $3.74 to $3.76 per share versus estimates of $3.63 per share.

Management will hold a conference call with analysts and investors at 5 p.m. ET to further discuss the company's quarterly results.

CRWD Price Action: CrowdStrike shares were down 3.24% after hours, trading at $352.50 at the time of publication Tuesday, according to Benzinga Pro.