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CrowdStrike

CRWD Nasdaq Systems Software Financials FY2018–FY2026

CrowdStrike's revenue rose 21.7% to $4.8 billion in fiscal 2026. Its operating margin was −6.1%, down from −2.9% a year earlier. Free cash flow was $1.3 billion, up 16.3%. The diluted share count rose 2.4%.

Last close · Oct 23, 2026

$257.57

8.3%
Value it Compare
Revenue Total sales reported in the income statement.
$4.8B
21.7% vs prior year
Operating margin Operating income as a share of revenue.
−6.1%
3.2 pts
Net income Profit after all expenses, interest and tax.
−$163M
Free cash flow Cash from operations minus capital spending.
$1.3B
16.3%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
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Market cap Last close times the latest diluted share count, so it is approximate.
$269.0B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
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What CrowdStrike does

CrowdStrike, founded in 2011, sells cybersecurity software over the internet by subscription. Its Falcon platform uses one lightweight program, called a sensor, installed on customers' computers, servers and cloud systems. The sensor collects data that the platform uses to detect and stop attacks. CrowdStrike says the platform replaces older, separate security products.

The company offers 33 cloud modules that customers can add to their subscription. They cover protecting laptops and servers, cloud workloads and employee identities, managing software vulnerabilities and IT operations, collecting and searching security logs, threat intelligence, data protection, and security for artificial intelligence systems. It also sells managed security services, in which its own staff watch for threats and respond for the customer.

CrowdStrike recognizes revenue from subscriptions over the length of the subscription. It sells through its own sales force and through channel partners, and it hosts the platform at third-party data centers such as Amazon Web Services as well as its own. Its 10-K says the July 19 Incident has hurt its business and customer relationships and is expected to keep doing so.

Legal name
CrowdStrike Holdings, Inc.
Fiscal year ends
January 31, 2026
Latest annual report
10-K · Mar 5, 2026
Accession · CIK
0001535527-26-000010
0001535527

Revenue and margins

CrowdStrike had $4.8B of revenue in fiscal 2026, up 21.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.3B in fiscal 2026, 27.2% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

CrowdStrike returned $0.0M to shareholders in fiscal 2026, 0% of free cash flow. The diluted share count rose 2.4%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value CrowdStrike yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $4.5B and divides by 250.6M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably CrowdStrike can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY22FY23FY24FY25FY26
Cash and short-term investments $2.0B$2.7B$3.5B$4.3B$5.2B
Debt incl. finance leases $740M$741M$743M$744M$746M
Debt / equity 0.7x0.5x0.3x0.2x0.2x
Interest coverage −5.7x−7.5x−0.7x−4.4x−10.5x
Current ratio 1.8x1.7x1.8x1.8x1.8x
Quick ratio 1.8x1.7x1.8x1.8x1.8x
Total assets $3.6B$5.0B$6.6B$8.7B$11.1B
Total liabilities $2.6B$3.5B$4.3B$5.4B$6.6B
Shareholders' equity $1.0B$1.5B$2.3B$3.3B$4.4B
Net debt (− = net cash) −$1.3B−$2.0B−$2.7B−$3.6B−$4.5B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$27.4M

2 insiders

Of sales under plans

100%

$27.4M

DateInsiderTradeSharesPriceValueFiling
Oct 20, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $226.71 $2.3M Form 4
Oct 19, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $229.09 $2.3M Form 4
Oct 16, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $230.80 $2.3M Form 4
Oct 16, 2026 Johanna FlowerDirector Sold plan 9,896 $230.05 $2.3M Form 4
Oct 15, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $243.04 $2.4M Form 4
Oct 14, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $252.14 $2.5M Form 4
Oct 13, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $263.21 $2.6M Form 4
Oct 12, 2026 George KurtzPresident and CEO, Director Sold plan 8,920 $264.72 $2.4M Form 4
Oct 12, 2026 George KurtzPresident and CEO, Director Sold plan 1,080 $272.81 $0.3M Form 4
Oct 9, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $269.89 $2.7M Form 4
Oct 8, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $266.06 $2.7M Form 4
Oct 7, 2026 George KurtzPresident and CEO, Director Sold plan 10,000 $268.92 $2.7M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY24FY25FY26
Net income is positive ✓ ✕ ✕
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✕ ✕ ✕
Gross margin rose ✓ ✕ ✕
Revenue rose relative to assets ✕ ✕ ✕
F-score 7 / 94 / 94 / 9
Accruals ratio −18.7%−18.2%−17.9%
Altman Z'' 2.062.142.07

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

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Twilio TWLO $41.8B 13.7% 3.1% 19.7% 1.5% 36.4x 6 Compare →
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9 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY18FY19FY20FY21FY22FY23FY24FY25FY26
Income statement
Revenue $119M $250M $481M $874M $1.5B $2.2B $3.1B $4.0B $4.8B
Gross profit $64.3M $163M $340M $645M $1.1B $1.6B $2.3B $3.0B $3.6B
Research and development $58.9M $84.6M $130M $215M $371M $608M $780M $1.1B $1.4B
Operating income −$131M −$137M −$146M −$92.5M −$143M −$190M −$19.1M −$116M −$293M
Interest expense $1.6M $0.4M $0.4M $1.6M $25.2M $25.3M $25.8M $26.3M $28.0M
Pretax income −$135M −$139M −$140M −$87.9M −$160M −$160M $106M $58.6M −$127M
Income tax $0.9M $1.4M $2.0M $4.8M $72.4M $22.4M $32.2M $71.1M $34.2M
Net income −$136M −$140M −$142M −$92.6M −$235M −$183M $72.2M −$15.2M −$163M
Diluted EPS −$3.38 −$3.12 −$0.96 −$0.43 −$1.03 −$0.79 $0.30 −$0.06 −$0.65
Diluted shares 0.04B 0.04B 0.15B 0.22B 0.23B 0.23B 0.24B 0.24B 0.25B
Cash flow
Cash from operations −$58.8M −$23.0M $99.9M $357M $575M $941M $1.2B $1.4B $1.6B
Capital expenditure $22.9M $35.9M $80.2M $52.8M $112M $235M $177M $255M $302M
Free cash flow −$81.7M −$58.8M $19.8M $304M $463M $706M $990M $1.1B $1.3B
Stock-based compensation $12.3M $20.5M $79.9M $150M $310M $527M $649M $861M $1.1B
Acquisitions $6.5M $0.0M $0.0M $85.5M $415M $18.3M $239M $310M $382M
Share buybacks $0.0M $2.3M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Dividends and buybacks $0.0M $2.3M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Balance sheet
Cash and short-term investments $63.2M $192M $912M $1.9B $2.0B $2.7B $3.5B $4.3B $5.2B
Total debt — — $0.0M $738M $740M $741M $743M $744M $746M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets — $331M $1.2B $2.3B $2.6B $3.6B $4.8B $6.1B $7.4B
Current liabilities — $281M $493M $864M $1.4B $2.1B $2.7B $3.5B $4.2B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net — $73.7M $136M $167M $261M $492M $620M $789M $976M
Total assets — $433M $1.4B $2.7B $3.6B $5.0B $6.6B $8.7B $11.1B
Total liabilities — $363M $662M $1.9B $2.6B $3.5B $4.3B $5.4B $6.6B
Shareholders' equity −$370M −$488M $742M $871M $1.0B $1.5B $2.3B $3.3B $4.4B
Margins
Gross margin 54.1% 65.1% 70.6% 73.8% 73.6% 73.2% 75.2% 75.0% 74.7%
Operating margin −110.7% −54.8% −30.3% −10.6% −9.8% −8.5% −0.6% −2.9% −6.1%
Net margin −114.1% −56.1% −29.5% −10.6% −16.2% −8.2% 2.4% −0.4% −3.4%
FCF margin −68.8% −23.5% 4.1% 34.7% 31.9% 31.5% 32.4% 28.5% 27.2%
Returns
Return on capital employed — — −27.5% −6.7% −7.0% −7.4% −0.6% −2.5% −4.8%
Return on equity — — −111.5% −11.5% −24.8% −14.7% 3.8% −0.6% −4.2%
Return on assets — — −15.4% −4.5% −7.4% −4.2% 1.2% −0.2% −1.6%
Growth
Revenue growth — 110.4% 92.7% 81.6% 66.0% 54.4% 36.3% 29.4% 21.7%
Net income growth — — — — — — — −121.1% —
EPS growth — — — — — — — −120.0% —
FCF growth — — — 1,438.5% 52.3% 52.6% 40.2% 13.9% 16.3%
Share count change — 7.1% 230.0% 47.1% 4.3% 2.6% 4.5% 0.5% 2.4%
Financial health
Debt / equity — — 0.0x 0.9x 0.7x 0.5x 0.3x 0.2x 0.2x
Interest coverage −79.8x −319.8x −330.5x −59.4x −5.7x −7.5x −0.7x −4.4x −10.5x
Current ratio — 1.2x 2.4x 2.7x 1.8x 1.7x 1.8x 1.8x 1.8x
Quick ratio — 1.2x 2.4x 2.7x 1.8x 1.7x 1.8x 1.8x 1.8x
Capital allocation
Capex / revenue 19.3% 14.4% 16.7% 6.0% 7.7% 10.5% 5.8% 6.5% 6.3%
Stock comp / revenue 10.4% 8.2% 16.6% 17.1% 21.4% 23.5% 21.2% 21.8% 22.8%
Payouts / FCF — — 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
Quality scores
Piotroski F-score — — — 5.0 3.0 5.0 7.0 4.0 4.0
Altman Z'' — −6.7 2.2 2.8 1.4 1.4 2.1 2.1 2.1
Accruals ratio — — −26.3% −21.7% −25.5% −26.0% −18.7% −18.2% −17.9%

Source: SEC EDGAR XBRL filings (CIK 0001535527). Data updated October 10, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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