Cybersecurity leader CrowdStrike is expanding its presence in Redmond, Washington, signaling a significant investment in cybersecurity innovation and growth. The company is moving its "strategic technology hub" into a new office space in Redmond. This move underscores the importance of Washington state to CrowdStrike's operations and its commitment to the region as a key technology center.
The new Redmond office will serve as a strategic technology hub supporting engineering operations, sales, and customer support. This hub complements CrowdStrike's other major development centers across its global footprint. The company's spokesperson stated that employees will utilize the new Redmond office as needed, supporting a "remote-friendly environment". The new office space is located at Studio 7500, a single-tenant office building at 7500 166th Ave. NE, and encompasses 34,873 square feet. Previously, CrowdStrike occupied space in Kirkland, Washington. The Studio 7500 space was formerly occupied by Volkswagen.
CrowdStrike's expansion in Redmond reflects the company's overall growth trajectory and its increasing prominence in the cybersecurity industry. The company has demonstrated strong financial performance, with its most recent quarterly results for Q1 FY26 showcasing impressive year-over-year revenue growth. Total Annual Recurring Revenue (ARR) reached $4,435.6 million, significantly boosted by the Falcon Flex program. For the first quarter of fiscal year 2026, CrowdStrike's annual recurring revenue (ARR) reached $4.44 billion, a 22% year-over-year increase. The company generated $194 million in net new ARR during the quarter. Total revenue grew to $1.103 billion, up from $921 million in Q1 FY2025, while subscription revenue increased to $1.051 billion from $872 million in the same period last year.
CrowdStrike's Falcon platform, powered by artificial intelligence (AI), has been a key driver of its success in protecting enterprises against sophisticated cyber threats. The company's product strategy continues to evolve, with a focus on expanding beyond its core endpoint detection and response (EDR) offerings. Strong adoption of its Falcon Flex program has enabled customers to flexibly consume CrowdStrike's expanding suite of products. The company is also making strides in emerging cybersecurity markets, with notable growth in Next-Gen Security Information and Event Management (SIEM), Cloud Security, and Identity Protection solutions.
CrowdStrike's financial performance in the third quarter of fiscal year 2025 demonstrated significant growth and operational efficiency. The company surpassed $1 billion in quarterly revenue for the first time, marking a 28.5% year-over-year growth. The company's total revenue for the twelve months ending October 31, 2025, was $3.74 billion, reflecting a 31.4% growth rate. The company reported an ARR exceeding $4 billion, growing 27% year-over-year, making it the fastest pure-play cybersecurity software company to reach this milestone.
Looking ahead, CrowdStrike projects revenue between $4.744 billion and $4.806 billion for the full fiscal year 2026. The company's long-term goals include achieving $10 billion in ending ARR by the end of fiscal year 2031 and its target non-GAAP operating model by fiscal year 2029.
Despite positive projections, some analysts have noted a potential deceleration in growth rates. In May 2025, CrowdStrike announced plans to lay off 500 employees, as the company evolves how it operates with AI reshaping every industry. In the summer of 2024, a flawed update to CrowdStrike's Falcon cybersecurity platform affected 8.5 million Microsoft Windows devices, impacting airlines and other enterprise businesses in a global IT outage.
CrowdStrike's expansion into Redmond demonstrates its continued investment in innovation and growth within the cybersecurity sector. The company's strategic technology hub in Redmond will play a vital role in supporting its engineering operations, sales, and customer support, complementing its global footprint. As CrowdStrike continues to evolve its Falcon platform and expand into new cybersecurity markets, its presence in Redmond will be instrumental in driving its future success.
