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Crowdstrike Holdings Financials

CRWD
Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Crowdstrike Holdings (CRWD) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 9 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI CRWD FY2026

High-margin growth is being reinvested aggressively, leaving GAAP earnings negative even while cash generation keeps compounding rapidly.

From FY2024 to FY2026, gross margin held near 75.0% even as R&D spending rose to $1.38B, so most of the gap between scale and profit looks like deliberate reinvestment rather than weakening unit economics. That is why FY2026 could show a -$163M net loss and still generate $1.31B of free cash flow: accounting profit is being depressed more than cash generation.

The balance sheet is cash-heavy: cash of $5.23B versus long-term debt of $745M means expansion is not being funded by rising leverage. With a current ratio of 1.8x, short-term obligations appear supported by liquid assets as the company gets larger.

Cash conversion is still strong, but it is not getting easier: free-cash-flow margin eased from 32.4% in FY2024 to 27.2% in FY2026. The rise in receivables to $1.36B alongside capex of $302M suggests more cash is being tied up by growth, not that the underlying gross-profit engine is breaking.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 54 / 100
Financial Profile 54/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Crowdstrike Holdings's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
13

Crowdstrike Holdings has an operating margin of -6.1%, meaning the company retains $-6 of operating profit per $100 of revenue. This below-average margin results in a low score of 13/100, suggesting thin profitability after operating expenses. This is down from -2.9% the prior year.

Growth
76

Crowdstrike Holdings's revenue surged 21.7% year-over-year to $4.8B, reflecting rapid business expansion. This strong growth earns a score of 76/100.

Leverage
99

Crowdstrike Holdings carries a low D/E ratio of 0.17, meaning only $0.17 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 99/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
31

Crowdstrike Holdings's current ratio of 1.77 indicates adequate short-term liquidity, earning a score of 31/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow
97

Crowdstrike Holdings converts 27.2% of revenue into free cash flow ($1.3B). This strong cash generation earns a score of 97/100.

Returns
8

Crowdstrike Holdings generates a -3.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 8/100. This is down from -0.4% the prior year.

Piotroski F-Score Weak
3/9

Crowdstrike Holdings passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Mixed
-10.00x

For every $1 of reported earnings, Crowdstrike Holdings generates $-10.00 in operating cash flow ($1.6B OCF vs -$161.2M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Interest Coverage At Risk
-10.5x

Crowdstrike Holdings earns $-10.5 in operating income for every $1 of interest expense (-$293.3M vs $28.0M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

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Earnings & Revenue

Revenue
$4.8B
YoY+21.7%
5Y CAGR+40.6%

Crowdstrike Holdings generated $4.8B in revenue in fiscal year 2026. This represents an increase of 21.7% from the prior year.

EBITDA
N/A
Net Income
-$161.2M
YoY-1182.5%

Crowdstrike Holdings reported -$161.2M in net income in fiscal year 2026. This represents a decrease of 1182.5% from the prior year.

EPS (Diluted)
$-0.65
YoY-983.3%

Crowdstrike Holdings earned $-0.65 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 983.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow
$1.3B
YoY+16.3%
5Y CAGR+34.0%

Crowdstrike Holdings generated $1.3B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 16.3% from the prior year.

Cash & Debt
$5.2B
YoY+13.3%
5Y CAGR+25.4%

Crowdstrike Holdings held $5.2B in cash against $745.5M in long-term debt as of fiscal year 2026.

Dividends Per Share
N/A
Shares Outstanding
252M

Crowdstrike Holdings had 252M shares outstanding in fiscal year 2026.

Margins & Returns

Gross Margin
74.7%
YoY-0.3pp
5Y CAGR+0.9pp

Crowdstrike Holdings's gross margin was 74.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.

Operating Margin
-6.1%
YoY-3.2pp
5Y CAGR+4.5pp

Crowdstrike Holdings's operating margin was -6.1% in fiscal year 2026, reflecting core business profitability. This is down 3.2 percentage points from the prior year.

Net Margin
-3.4%
YoY-3.0pp
5Y CAGR+7.2pp

Crowdstrike Holdings's net profit margin was -3.4% in fiscal year 2026, showing the share of revenue converted to profit. This is down 3.0 percentage points from the prior year.

Return on Equity
-3.6%
YoY-3.3pp
5Y CAGR+7.3pp

Crowdstrike Holdings's ROE was -3.6% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 3.3 percentage points from the prior year.

Capital Allocation

R&D Spending
$1.4B
YoY+28.7%
5Y CAGR+45.2%

Crowdstrike Holdings invested $1.4B in research and development in fiscal year 2026. This represents an increase of 28.7% from the prior year.

Share Buybacks
N/A
Capital Expenditures
$302.1M
YoY+18.5%
5Y CAGR+41.7%

Crowdstrike Holdings invested $302.1M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 18.5% from the prior year.

CRWD Income Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Revenue $1.3B+5.8% $1.2B+5.6% $1.2B+5.9% $1.1B+4.2% $1.1B+4.8% $1.0B+4.8% $963.9M+4.7% $921.0M
Cost of Revenue $311.7M+1.3% $307.8M-0.8% $310.3M+7.3% $289.1M+6.0% $272.7M+6.9% $255.1M+7.4% $237.4M+5.5% $225.0M
Gross Profit $993.7M+7.3% $926.4M+7.9% $858.7M+5.4% $814.3M+3.6% $785.9M+4.1% $755.1M+3.9% $726.5M+4.4% $696.0M
R&D Expenses $356.4M+2.5% $347.6M+0.3% $346.7M+3.8% $334.1M+6.5% $313.8M+13.9% $275.6M+9.8% $250.9M+6.7% $235.2M
SG&A Expenses $159.9M-4.4% $167.3M-6.0% $178.0M+7.7% $165.2M+14.6% $144.2M+13.6% $126.9M+19.3% $106.4M+2.6% $103.7M
Operating Income $13.8M+119.9% -$69.4M+38.5% -$113.0M+9.4% -$124.7M-53.4% -$81.3M-45.8% -$55.7M-508.0% $13.7M+96.9% $6.9M
Interest Expense $7.6M+9.0% $6.9M+1.6% $6.8M+1.6% $6.7M+0.8% $6.7M+1.2% $6.6M+0.6% $6.5M+0.6% $6.5M
Income Tax -$3.6M-133.8% $10.7M+79.5% $6.0M-71.7% $21.1M-54.4% $46.3M+636.6% $6.3M-42.5% $10.9M+42.4% $7.7M
Net Income $60.7M+278.6% -$34.0M+56.2% -$77.7M+29.5% -$110.2M-28.8% -$85.6M-408.7% -$16.8M-135.8% $47.0M+9.8% $42.8M
EPS (Diluted) N/A $-0.14+54.8% $-0.31+29.5% $-0.44 N/A $-0.07-136.8% $0.19+11.8% $0.17

CRWD Balance Sheet

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Total Assets $11.1B+11.3% $10.0B+7.3% $9.3B+6.5% $8.7B+0.2% $8.7B+11.8% $7.8B+8.1% $7.2B+5.3% $6.8B
Current Assets $7.4B+13.8% $6.5B-0.2% $6.5B+7.6% $6.1B-0.7% $6.1B+9.7% $5.6B+7.5% $5.2B+7.0% $4.8B
Cash & Equivalents $5.2B+8.9% $4.8B-3.4% $5.0B+7.8% $4.6B+6.7% $4.3B+1.5% $4.3B+5.5% $4.0B+9.1% $3.7B
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $1.4B+34.4% $1.0B+14.3% $886.6M+9.6% $808.7M-28.3% $1.1B+38.7% $813.9M+23.1% $661.0M-5.9% $702.9M
Goodwill $1.4B+0.8% $1.4B+48.1% $913.3M0.0% $913.3M+0.1% $912.8M+26.4% $722.0M0.0% $722.0M0.0% $722.0M
Total Liabilities $6.6B+12.0% $5.9B+7.5% $5.5B+5.1% $5.2B-2.8% $5.4B+14.8% $4.7B+8.7% $4.3B+0.9% $4.3B
Current Liabilities $4.2B+16.2% $3.6B+3.6% $3.5B+5.9% $3.3B-5.2% $3.5B+15.4% $3.0B+10.0% $2.7B+1.7% $2.7B
Long-Term Debt $745.5M0.0% $745.1M0.0% $744.7M0.0% $744.4M+0.1% $744.0M+0.1% $743.6M+0.1% $743.2M+0.1% $742.9M
Total Equity $4.4B+10.3% $4.0B+6.9% $3.8B+8.9% $3.5B+5.2% $3.3B+7.2% $3.1B+7.2% $2.9B+12.5% $2.5B
Retained Earnings -$1.3B+1.3% -$1.3B-2.7% -$1.3B-6.5% -$1.2B-6.0% -$1.1B-13.7% -$985.8M-1.7% -$969.0M+4.6% -$1.0B

CRWD Cash Flow Statement

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Operating Cash Flow $497.9M+25.2% $397.5M+19.4% $332.8M-13.3% $384.1M+11.1% $345.7M+6.0% $326.1M-0.2% $326.6M-14.8% $383.2M
Capital Expenditures $102.5M+22.9% $83.4M+173.5% $30.5M-64.4% $85.8M-1.7% $87.2M+10.8% $78.7M+100.5% $39.3M-21.0% $49.7M
Free Cash Flow $395.4M+25.9% $314.1M+3.9% $302.3M+1.3% $298.4M+15.4% $258.5M+4.5% $247.4M-13.9% $287.4M-13.8% $333.5M
Investing Cash Flow -$123.0M+74.9% -$490.9M-906.4% -$48.8M+52.1% -$101.8M+68.7% -$325.0M-207.8% -$105.6M-92.4% -$54.9M-7.4% -$51.1M
Financing Cash Flow $51.4M+976.0% $4.8M-93.6% $74.2M+3376.4% $2.1M-95.4% $46.4M+5396.0% $844K-98.6% $62.5M+2582.0% -$2.5M
Dividends Paid N/A N/A N/A N/A N/A N/A N/A N/A
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

CRWD Financial Ratios

Metric Q4'26 Q3'26 Q2'26 Q1'26 Q4'25 Q3'25 Q2'25 Q1'25
Gross Margin 76.1%+1.1pp 75.1%+1.6pp 73.5%-0.3pp 73.8%-0.4pp 74.2%-0.5pp 74.8%-0.6pp 75.4%-0.2pp 75.6%
Operating Margin 1.1%+6.7pp -5.6%+4.0pp -9.7%+1.6pp -11.3%-3.6pp -7.7%-2.2pp -5.5%-6.9pp 1.4%+0.7pp 0.8%
Net Margin 4.7%+7.4pp -2.8%+3.9pp -6.6%+3.4pp -10.0%-1.9pp -8.1%-6.4pp -1.7%-6.6pp 4.9%+0.2pp 4.7%
Return on Equity 1.4%+2.2pp -0.9%+1.2pp -2.1%+1.1pp -3.2%-0.6pp -2.6%-2.1pp -0.5%-2.2pp 1.7%-0.0pp 1.7%
Return on Assets 0.5%+0.9pp -0.3%+0.5pp -0.8%+0.4pp -1.3%-0.3pp -1.0%-0.8pp -0.2%-0.9pp 0.7%+0.0pp 0.6%
Current Ratio 1.77-0.0 1.81-0.1 1.88+0.0 1.85+0.1 1.77-0.1 1.86-0.0 1.90+0.1 1.80
Debt-to-Equity 0.17-0.0 0.19-0.0 0.20-0.0 0.22-0.0 0.23-0.0 0.24-0.0 0.26-0.0 0.29
FCF Margin 30.3%+4.8pp 25.4%-0.4pp 25.9%-1.2pp 27.0%+2.6pp 24.4%-0.1pp 24.5%-5.3pp 29.8%-6.4pp 36.2%

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Frequently Asked Questions

Crowdstrike Holdings (CRWD) reported $4.8B in total revenue for fiscal year 2026. This represents a 21.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

Crowdstrike Holdings (CRWD) revenue grew by 21.7% year-over-year, from $4.0B to $4.8B in fiscal year 2026.

No, Crowdstrike Holdings (CRWD) reported a net income of -$161.2M in fiscal year 2026, with a net profit margin of -3.4%.

Crowdstrike Holdings (CRWD) reported diluted earnings per share of $-0.65 for fiscal year 2026. This represents a -983.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

As of fiscal year 2026, Crowdstrike Holdings (CRWD) had $5.2B in cash and equivalents against $745.5M in long-term debt.

Crowdstrike Holdings (CRWD) had a gross margin of 74.7% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

Crowdstrike Holdings (CRWD) had an operating margin of -6.1% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

Crowdstrike Holdings (CRWD) had a net profit margin of -3.4% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

Crowdstrike Holdings (CRWD) has a return on equity of -3.6% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

Crowdstrike Holdings (CRWD) generated $1.3B in free cash flow during fiscal year 2026. This represents a 16.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Crowdstrike Holdings (CRWD) generated $1.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

Crowdstrike Holdings (CRWD) had $11.1B in total assets as of fiscal year 2026, including both current and long-term assets.

Crowdstrike Holdings (CRWD) invested $302.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Crowdstrike Holdings (CRWD) invested $1.4B in research and development during fiscal year 2026.

Crowdstrike Holdings (CRWD) had 252M shares outstanding as of fiscal year 2026.

Crowdstrike Holdings (CRWD) had a current ratio of 1.77 as of fiscal year 2026, which is generally considered healthy.

Crowdstrike Holdings (CRWD) had a debt-to-equity ratio of 0.17 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

Crowdstrike Holdings (CRWD) had a return on assets of -1.5% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

Crowdstrike Holdings (CRWD) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Crowdstrike Holdings (CRWD) has an earnings quality ratio of -10.00x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Crowdstrike Holdings (CRWD) has an interest coverage ratio of -10.5x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Crowdstrike Holdings (CRWD) scores 54 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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