CrowdStrike Holdings, Inc. CRWD
Founded in 2011, CrowdStrike reinvented cybersecurity for the cloud and artificial intelligence ("AI") era and transformed the way cybersecurity is delivered and experienced by customers. When we started CrowdStrike, cyberattackers had an asymmetric advantage over legacy cybersecurity products that could not keep pace with rapid changes in adversary tactics, a dynamic that has intensified as adversaries increasingly leverage automation, identity abuse, and AI to operate at machine speed.
We took a fundamentally different approach to solve this problem with the AI-native CrowdStrike Falcon cybersecurity platform, which serves as the operating system for cybersecurity. CrowdStrike built the first, true, cloud-native platform with AI at the core, capable of harnessing vast amounts of security and enterprise data to drive real-time security decisions and response – stopping breaches at scale through a single lightweight sensor.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.81B | $3.95B | $3.06B | $2.24B | $1.45B | $874.4M | $481.4M | $249.8M | $118.8M | — |
| Cost of revenue | $1.22B | $990.2M | $758.9M | $601.2M | $383.2M | $229.5M | $141.6M | $87.2M | $54.5M | — |
| Gross profit | $3.59B | $2.96B | $2.30B | $1.64B | $1.07B | $644.9M | $339.8M | $162.6M | $64.3M | — |
| R&D | $1.38B | $1.08B | $780.3M | $608.4M | $371.3M | $214.7M | $130.2M | $84.6M | $58.9M | — |
| SG&A | $670.3M | $481.3M | $395.2M | $317.3M | $223.1M | $121.4M | $89.1M | $42.2M | $32.5M | — |
| Total operating expenses | $3.89B | $3.08B | $2.32B | $1.83B | $1.21B | $737.4M | $485.9M | $299.4M | $195.7M | — |
| Operating income | -$293.3M | -$116.4M | -$19.1M | -$190.1M | -$142.5M | -$92.5M | -$146.1M | -$136.9M | -$131.4M | — |
| Interest expense | $28.0M | $26.3M | $25.8M | $25.3M | $25.2M | $1.6M | $442.0K | $428.0K | $1.6M | — |
| Pre-tax income | -$127.0M | $58.6M | $105.7M | -$159.9M | -$160.0M | -$87.9M | -$139.8M | -$138.7M | -$134.6M | — |
| Income tax | $34.2M | $71.1M | $32.2M | $22.4M | $72.4M | $4.8M | $2.0M | $1.4M | $929.0K | — |
| Net income | -$161.2M | -$12.6M | $73.4M | -$182.3M | -$232.4M | -$92.6M | -$141.8M | -$140.1M | -$135.5M | — |
| EPS, basic | -0.65 | -0.06 | 0.30 | -0.79 | -1.03 | -0.43 | -0.96 | — | — | — |
| EPS, diluted | -0.65 | -0.06 | 0.30 | -0.79 | -1.03 | -0.43 | -0.96 | -3.12 | -3.38 | — |
| Shares, diluted (wtd. avg.) | $250.6M | $244.8M | $243.6M | $233.1M | $227.1M | $217.8M | $148.1M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $5.23B | $4.32B | $3.38B | $2.46B | $2.00B | $1.92B | $264.8M | $88.4M | $63.2M | $22.8M |
| Short-term investments | — | $0 | $99.6M | $250.0M | $0 | $0 | $647.3M | $103.2M | — | — |
| Receivables | $1.36B | $1.13B | $853.1M | $626.2M | $368.1M | $239.2M | $165.0M | $92.5M | — | — |
| Total current assets | $7.42B | $6.11B | $4.76B | $3.64B | $2.57B | $2.29B | $1.17B | $331.4M | — | — |
| Property, plant and equipment | $976.3M | $788.6M | $620.2M | $492.3M | $260.6M | $167.0M | $136.1M | $73.7M | — | — |
| Goodwill | $1.36B | $912.8M | $638.0M | $430.6M | $416.4M | $83.6M | $7.7M | $7.9M | — | — |
| Other intangibles | $136.7M | $133.1M | $114.5M | $86.9M | $97.3M | $15.7M | $527.0K | $1.0M | — | — |
| Total assets | $11.09B | $8.70B | $6.65B | $5.03B | $3.62B | $2.73B | $1.40B | $433.2M | — | — |
| Accounts payable | $105.3M | $130.9M | $28.2M | $45.4M | $47.6M | $12.1M | $1.3M | $6.9M | — | — |
| Total current liabilities | $4.18B | $3.46B | $2.70B | $2.11B | $1.41B | $863.6M | $493.1M | $281.4M | — | — |
| Long-term debt | $745.5M | $744.0M | $742.5M | $741.0M | $739.5M | $738.0M | $0 | — | — | — |
| Total liabilities | $6.61B | $5.38B | $4.31B | $3.54B | $2.58B | $1.86B | $662.3M | $363.1M | — | — |
| Retained earnings | -$1.28B | -$1.12B | -$1.06B | -$1.15B | -$964.9M | -$730.1M | -$637.5M | -$519.1M | — | — |
| Total equity | $4.43B | $3.28B | $2.34B | $1.49B | $1.04B | $871.9M | $742.6M | -$487.8M | -$369.5M | -$243.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.61B | $1.38B | $1.17B | $941.0M | $574.8M | $356.6M | $99.9M | -$23.0M | -$58.8M | — |
| Stock-based compensation | $1.10B | $861.4M | $648.7M | $526.5M | $310.0M | $149.7M | $79.9M | $20.5M | $12.3M | — |
| Capital expenditure | $302.1M | $254.9M | $176.5M | $235.0M | $112.1M | $52.8M | $80.2M | $35.9M | $22.9M | — |
| Investing cash flow | -$764.5M | -$536.6M | -$340.6M | -$556.7M | -$564.5M | $495.4M | -$629.6M | -$142.0M | -$28.3M | — |
| Financing cash flow | $132.5M | $107.2M | $93.2M | $77.4M | $72.5M | $800.1M | $706.1M | $190.4M | $126.8M | — |
| Buybacks | — | — | — | — | — | $0 | $0 | $2.3M | $0 | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-055599.
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