Logo

CRWD

CrowdStrike Holdings, Inc.

CRWD

CrowdStrike Holdings, Inc. • NASDAQ
$509.25 ▲ 1.54% (+7.71)
Market Cap $126.15 B
52w High $566.90
52w Low $298.00
Dividend Yield 0%
P/E -424.37
Volume 999.95K
Outstanding Shares 247.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $1.169B ▲ $971.648M ▲ $-77.675M ▲ -6.645% ▲ $-0.31 ▲ $3.187M ▲
Q1-2026 $1.103B ▲ $938.947M ▲ $-110.207M ▼ -9.988% ▼ $-0.44 ▼ $-19.115M ▼
Q4-2025 $1.059B ▲ $869.849M ▲ $-92.282M ▼ -8.718% ▼ $-0.37 ▼ $17.641M ▼
Q3-2025 $1.01B ▲ $810.814M ▲ $-16.822M ▼ -1.665% ▼ $-0.069 ▼ $51.297M ▼
Q2-2025 $963.872M $712.813M $47.013M 4.878% $0.19 $116.737M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $4.972B ▲ $9.289B ▲ $5.494B ▲ $3.757B ▲
Q1-2026 $4.614B ▲ $8.72B ▲ $5.229B ▼ $3.451B ▲
Q4-2025 $4.323B ▲ $8.702B ▲ $5.383B ▲ $3.279B ▲
Q3-2025 $4.262B ▲ $7.783B ▲ $4.687B ▲ $3.058B ▲
Q2-2025 $4.039B $7.202B $4.312B $2.853B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-77.645M ▲ $332.832M ▼ $-48.779M ▲ $74.187M ▲ $358.289M ▲ $319.772M ▲
Q1-2026 $-110.993M ▼ $384.107M ▲ $-101.83M ▲ $2.134M ▼ $290.957M ▲ $280.919M ▲
Q4-2025 $-92.731M ▼ $345.722M ▲ $-325.019M ▼ $46.386M ▲ $62.452M ▼ $240.808M ▲
Q3-2025 $-16.819M ▼ $326.136M ▼ $-105.581M ▼ $844K ▼ $221.798M ▼ $231.161M ▼
Q2-2025 $47.013M $326.641M $-54.89M $62.496M $335.124M $272.871M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Professional Services
Professional Services
 $50.00M ▲$50.00M ▲$50.00M ▲$50.00M ▲
Subscription and Circulation
Subscription and Circulation
 $920.00M ▲$960.00M ▲$1.01Bn ▲$1.05Bn ▲

Five-Year Company Overview

Income Statement

Income Statement CrowdStrike’s income statement shows a classic high-growth software story maturing. Revenue has climbed strongly each year, and gross profits have scaled alongside it, suggesting the core business is efficient once the product is delivered. Operating results have moved from meaningful losses toward roughly breakeven, with profitability now hovering just around the line. Net income has shifted from consistent losses to near-break-even profitability, with only small swings into loss or profit. Overall, the business looks like it is transitioning from “grow at all costs” to a more balanced mix of growth and earnings, but with some volatility still present as it invests heavily in sales and innovation.

Balance Sheet

Balance Sheet The balance sheet looks robust for a growth company. Total assets have expanded steadily, driven largely by a sizable and growing cash position. Debt is present but modest relative to cash, implying a net cash position and solid financial flexibility. Shareholders’ equity has grown consistently, which is usually a sign that cumulative losses from the early years are being absorbed and offset by retained value from growth. Overall, the company appears well-capitalized, with ample resources to fund continued expansion and to absorb bumps in the road.

Cash Flow

Cash Flow Cash flow is one of CrowdStrike’s clearest strengths. Operating cash flow has improved steadily over several years, indicating that customers are paying, contracts are sticky, and the subscription model is generating real cash. Free cash flow has remained solidly positive and rising, even after ongoing investments in infrastructure and development. Capital spending is meaningful but manageable, suggesting the company is investing to support future growth without overextending itself. In simple terms, the business currently turns accounting growth into actual cash in the bank, which reduces financial risk.

Competitive Edge

Competitive Edge CrowdStrike sits in a strong competitive position within cybersecurity, particularly in endpoint and cloud-based protection. Its cloud-native Falcon platform, single lightweight agent, and AI-driven analytics give it an edge over older, on-premise and multi-agent solutions that tend to be more complex and slower to adapt. The massive data network it has built—through its Threat Graph—creates a self-reinforcing advantage: more customers generate more data, which improves detection, which in turn attracts more customers. High switching costs, a broad module ecosystem, and a reputation as a leader in stopping sophisticated attacks further deepen this moat. The 2024 outage incident was a serious test, but retention staying extremely high afterward suggests customers remain deeply tied to the platform. Competitive pressure is still intense in cybersecurity, but CrowdStrike’s position is clearly among the leaders.

Innovation and R&D

Innovation and R&D Innovation is central to CrowdStrike’s identity and strategy. The company has built its platform from the ground up as cloud-native, with AI and machine learning embedded in threat detection rather than bolted on as an afterthought. Its Threat Graph ingests and analyzes massive volumes of security data, powering real-time and predictive protection. Newer initiatives like the “Raptor” release and Charlotte AI aim to push the platform into the next generation of AI-driven security operations, where analysts can interact with the system using natural language and automate much of the manual investigative work. CrowdStrike is also expanding beyond endpoint security into cloud security, identity, data protection, and exposure management, turning Falcon into a broader security and IT operations platform. This constant push into adjacent areas and deeper AI use could reinforce its moat, though it also raises execution and integration risks.

Summary

CrowdStrike combines strong growth, improving profitability, and healthy cash generation with a clear technological edge in cybersecurity. The business has evolved from loss-making growth mode toward sustainable earnings while maintaining a powerful subscription-based cash engine. Its balance sheet is solid, with more cash than debt and growing equity, giving management flexibility to keep investing in R&D and go-to-market efforts. On the strategic side, CrowdStrike benefits from a data- and AI-driven platform, strong network effects, high switching costs, and a broad, integrated product suite, all of which support its competitive standing. Key uncertainties include intense competition in cybersecurity, the need to flawlessly execute on ambitious AI and platform expansions, and reputational risks highlighted by incidents like the 2024 outage. Overall, the company appears to be a financially resilient, innovation-led player in a structurally important and fast-evolving industry.

NEWS

November 25, 2025 · 1:46 PM UTC

CrowdStrike Charlotte AI Achieves FedRAMP High Authorization to Transform Public Sector Defense With the Agentic SOC

Read more

November 20, 2025 · 8:30 AM UTC

CrowdStrike to Participate in Upcoming Investor Conference

Read more

November 17, 2025 · 8:00 AM UTC

CrowdStrike Named One of the Top 25 Workplaces in the World in 2025

Read more

November 13, 2025 · 2:06 PM UTC

CrowdStrike Named an Inaugural Google Unified Security Recommended Partner

Read more

November 12, 2025 · 9:04 AM UTC

F5 and CrowdStrike Strengthen Web Traffic Security with Falcon for F5 BIG-IP

Read more