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).
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 near75.0% 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
Cash conversion is still strong, but it is not getting easier: free-cash-flow margin eased from
Financial Health Signals
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.
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.
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.
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.
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.
Crowdstrike Holdings converts 27.2% of revenue into free cash flow ($1.3B). This strong cash generation earns a score of 97/100.
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.
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.
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.
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
Earnings & Revenue
Crowdstrike Holdings generated $4.8B in revenue in fiscal year 2026. This represents an increase of 21.7% from the prior year.
Crowdstrike Holdings reported -$161.2M in net income in fiscal year 2026. This represents a decrease of 1182.5% from the prior year.
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
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.
Crowdstrike Holdings held $5.2B in cash against $745.5M in long-term debt as of fiscal year 2026.
Crowdstrike Holdings had 252M shares outstanding in fiscal year 2026.
Margins & Returns
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.
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.
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.
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
Crowdstrike Holdings invested $1.4B in research and development in fiscal year 2026. This represents an increase of 28.7% from the prior year.
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
What is Crowdstrike Holdings's annual revenue?
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.
How fast is Crowdstrike Holdings's revenue growing?
Crowdstrike Holdings (CRWD) revenue grew by 21.7% year-over-year, from $4.0B to $4.8B in fiscal year 2026.
Is Crowdstrike Holdings profitable?
No, Crowdstrike Holdings (CRWD) reported a net income of -$161.2M in fiscal year 2026, with a net profit margin of -3.4%.
How much debt does Crowdstrike Holdings have?
As of fiscal year 2026, Crowdstrike Holdings (CRWD) had $5.2B in cash and equivalents against $745.5M in long-term debt.
What is Crowdstrike Holdings's gross margin?
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.
What is Crowdstrike Holdings's operating margin?
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.
What is Crowdstrike Holdings's net profit margin?
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.
What is Crowdstrike Holdings's return on equity (ROE)?
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.
What is Crowdstrike Holdings's free cash flow?
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.
What is Crowdstrike Holdings's operating cash flow?
Crowdstrike Holdings (CRWD) generated $1.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Crowdstrike Holdings's total assets?
Crowdstrike Holdings (CRWD) had $11.1B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Crowdstrike Holdings's capital expenditures?
Crowdstrike Holdings (CRWD) invested $302.1M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Crowdstrike Holdings spend on research and development?
Crowdstrike Holdings (CRWD) invested $1.4B in research and development during fiscal year 2026.
What is Crowdstrike Holdings's current ratio?
Crowdstrike Holdings (CRWD) had a current ratio of 1.77 as of fiscal year 2026, which is generally considered healthy.
What is Crowdstrike Holdings's debt-to-equity ratio?
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.
What is Crowdstrike Holdings's return on assets (ROA)?
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.
What is Crowdstrike Holdings's Piotroski F-Score?
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.
Are Crowdstrike Holdings's earnings high quality?
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.
Can Crowdstrike Holdings cover its interest payments?
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.
How financially healthy is Crowdstrike Holdings?
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.