Crowdstrike Holdings Financials
Crowdstrike Holdings (CRWD) reported $4.8B in revenue for fiscal year 2026, up 21.7% from the prior fiscal year. This page shows its 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).
CrowdStrike’s dominant mechanic is cash-generative growth funding heavy R&D investment despite recurring GAAP operating losses.
In FY2026, free cash flow was$1.31B while net income was-$161.2M , so cash generation materially outpaced GAAP earnings; the operating model is funding expansion before reported profit captures it. Gross margin was74.7% , yet operating margin was-6.1% , showing that current pressure sits below gross profit rather than in basic service delivery.
Cash of
R&D reached
Financial Health Signals
Scored against operating companies for FY2026. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. 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 loses $6 on every $100 of revenue. This results in a profitability score of 35/100. 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 86/100.
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 76/100, 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 51/100. 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 94/100.
Crowdstrike Holdings posts a -3.6% return on equity (ROE), meaning it loses $4 for every $100 of shareholders' equity. This results in a returns score of 35/100. This is down from -0.4% the prior year.
Crowdstrike Holdings scores 18.12, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($193.8B) relative to total liabilities ($6.6B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Crowdstrike Holdings passes 4 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
Crowdstrike Holdings reported a net loss of $161.2M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Crowdstrike Holdings reported an operating loss of $293.3M against $28.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
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.
Not reported for fiscal year 2026.
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.
Not reported for 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.
Not reported for fiscal year 2026.
CRWD Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.1B | $4.8B+21.7% | $4.0B+29.4% | $3.1B+36.3% | $2.2B+54.4% | $1.5B+66.0% | $874.4M+81.6% | $481.4M+92.7% | $249.8M+110.4% | $118.8M |
| Cost of Revenue | $1.3B | $1.2B+23.1% | $990.2M+30.5% | $758.9M+26.2% | $601.2M+56.9% | $383.2M+66.9% | $229.5M+62.1% | $141.6M+62.3% | $87.2M+60.1% | $54.5M |
| Gross Profit | $3.8B | $3.6B+21.2% | $3.0B+29.0% | $2.3B+40.0% | $1.6B+53.5% | $1.1B+65.7% | $644.9M+89.8% | $339.8M+109.0% | $162.6M+153.0% | $64.3M |
| R&D Expenses | $1.5B | $1.4B+28.7% | $1.1B+37.8% | $780.3M+28.3% | $608.4M+63.9% | $371.3M+73.0% | $214.7M+64.9% | $130.2M+54.0% | $84.6M+43.6% | $58.9M |
| SG&A Expenses | $683.2M | $670.3M+39.3% | $481.3M+21.8% | $395.2M+24.5% | $317.3M+42.2% | $223.1M+83.7% | $121.4M+36.3% | $89.1M+111.0% | $42.2M+29.7% | $32.5M |
| Operating Income | -$205.2M | -$293.3M-152.0% | -$116.4M-508.1% | -$19.1M+89.9% | -$190.1M-33.4% | -$142.5M-54.1% | -$92.5M+36.7% | -$146.1M-6.7% | -$136.9M-4.1% | -$131.4M |
| Interest Expense | $27.4M | $28.0M+6.5% | $26.3M+2.2% | $25.8M+1.7% | $25.3M+0.3% | $25.2M+1518.4% | $1.6M+252.7% | $442K+3.3% | $428K-74.0% | $1.6M |
| Income Tax | $6.2M | $34.2M-52.0% | $71.1M+120.7% | $32.2M+43.9% | $22.4M-69.0% | $72.4M+1420.1% | $4.8M+138.4% | $2.0M+46.1% | $1.4M+47.1% | $929K |
| Net Income | -$29.1M | -$161.2M-1182.5% | -$12.6M-117.1% | $73.4M+140.3% | -$182.3M+21.6% | -$232.4M-150.9% | -$92.6M+34.7% | -$141.8M-1.2% | -$140.1M-3.4% | -$135.5M |
| EPS (Diluted) | — | -$0.65-983.3% | -$0.06-120.0% | $0.30+138.0% | -$0.79+23.3% | -$1.03-139.5% | -$0.43+55.2% | -$0.96 | N/A | N/A |
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CRWD Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $11.1B+27.4% | $8.7B+30.9% | $6.6B+32.2% | $5.0B+38.9% | $3.6B+32.4% | $2.7B+94.5% | $1.4B+224.3% | $433.2M | N/A |
| Current Assets | $7.4B+21.4% | $6.1B+28.5% | $4.8B+30.7% | $3.6B+41.6% | $2.6B+12.2% | $2.3B+95.6% | $1.2B+253.6% | $331.4M | N/A |
| Cash & Equivalents | $5.2B+21.0% | $4.3B+28.1% | $3.4B+37.5% | $2.5B+23.0% | $2.0B+4.1% | $1.9B+624.6% | $264.8M+199.5% | $88.4M+39.9% | $63.2M |
| Accounts Receivable | $1.4B+20.7% | $1.1B+32.3% | $853.1M+36.2% | $626.2M+70.1% | $368.1M+53.9% | $239.2M+45.0% | $165.0M+78.4% | $92.5M | N/A |
| Goodwill | $1.4B+49.4% | $912.8M+43.1% | $638.0M+48.2% | $430.6M+3.4% | $416.4M+398.3% | $83.6M+982.2% | $7.7M-2.8% | $7.9M | N/A |
| Total Liabilities | $6.6B+22.9% | $5.4B+24.9% | $4.3B+21.8% | $3.5B+37.1% | $2.6B+38.7% | $1.9B+180.9% | $662.3M-28.1% | $921.0M | N/A |
| Current Liabilities | $4.2B+20.9% | $3.5B+28.3% | $2.7B+27.9% | $2.1B+49.9% | $1.4B+62.9% | $863.6M+75.1% | $493.1M+75.2% | $281.4M | N/A |
| Long-Term Debt | $745.5M+0.2% | $744.0M+0.2% | $742.5M+0.2% | $741.0M+0.2% | $739.5M+0.2% | $738.0M | $0 | N/A | N/A |
| Total Equity | $4.4B+35.0% | $3.3B+42.3% | $2.3B+57.4% | $1.5B+42.7% | $1.0B+17.8% | $870.6M+17.3% | $742.1M+252.1% | -$487.8M-32.0% | -$369.5M |
| Retained Earnings | -$1.3B-14.5% | -$1.1B-5.8% | -$1.1B+7.8% | -$1.1B-19.0% | -$964.9M-32.2% | -$730.1M-14.5% | -$637.5M-22.8% | -$519.1M | N/A |
Not reported in any period shown, so not listed: Inventory.
CRWD Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.8B | $1.6B+16.7% | $1.4B+18.5% | $1.2B+23.9% | $941.0M+63.7% | $574.8M+61.2% | $356.6M+256.8% | $99.9M+535.1% | -$23.0M+60.9% | -$58.8M |
| Capital Expenditures | $314.0M | $302.1M+18.5% | $254.9M+44.4% | $176.5M-24.9% | $235.0M+109.6% | $112.1M+112.4% | $52.8M-34.2% | $80.2M+123.7% | $35.9M+56.5% | $22.9M |
| Free Cash Flow | $1.5B | $1.3B+16.3% | $1.1B+13.9% | $989.7M+40.2% | $706.0M+52.6% | $462.6M+52.3% | $303.8M+1438.5% | $19.7M+133.6% | -$58.8M+28.0% | -$81.7M |
| Investing Cash Flow | -$1.7B | -$764.5M-42.5% | -$536.6M-57.5% | -$340.6M+38.8% | -$556.7M+1.4% | -$564.5M-213.9% | $495.4M+178.7% | -$629.6M-343.3% | -$142.0M-401.3% | -$28.3M |
| Financing Cash Flow | -$65.6M | $132.5M+23.5% | $107.2M+15.1% | $93.2M+20.3% | $77.4M+6.8% | $72.5M-90.9% | $800.1M+13.3% | $706.1M+270.9% | $190.4M+50.1% | $126.8M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | $0 | $0-100.0% | $2.3M | $0 |
Not reported in any period shown, so not listed: Dividends Paid.
TTM is the trailing twelve months, Q2 FY2026 through Q1 FY2027, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
CRWD Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.7%-0.3pp | 75.0%-0.2pp | 75.2%+2.0pp | 73.2%-0.4pp | 73.6%-0.2pp | 73.8%+3.2pp | 70.6%+5.5pp | 65.1%+11.0pp | 54.1% |
| Operating Margin | -6.1%-3.2pp | -2.9%-2.3pp | -0.6%+7.8pp | -8.5%+1.3pp | -9.8%+0.8pp | -10.6%+19.8pp | -30.3%+24.4pp | -54.8% | -110.7% |
| Net Margin | -3.4%-3.0pp | -0.3%-2.7pp | 2.4%+10.5pp | -8.1%+7.9pp | -16.0%-5.4pp | -10.6%+18.9pp | -29.4%+26.6pp | -56.1% | -114.1% |
| Return on Equity | -3.6%-3.3pp | -0.4%-3.6pp | 3.2%+15.6pp | -12.4%+10.2pp | -22.7%-12.0pp | -10.6%+8.5pp | -19.1% | N/A | N/A |
| Return on Assets | -1.5%-1.3pp | -0.1%-1.2pp | 1.1%+4.7pp | -3.6%+2.8pp | -6.4%-3.0pp | -3.4%+6.7pp | -10.1%+22.2pp | -32.3% | N/A |
| Current Ratio | 1.770.0x | 1.770.0x | 1.760.0x | 1.73-0.1x | 1.83-0.8x | 2.65+0.3x | 2.38+1.2x | 1.18 | N/A |
| Debt-to-Equity | 0.17-0.1x | 0.23-0.1x | 0.32-0.2x | 0.51-0.2x | 0.72-0.1x | 0.85+0.8x | 0.00 | N/A | N/A |
| FCF Margin | 27.2%-1.3pp | 28.5%-3.9pp | 32.4%+0.9pp | 31.5%-0.4pp | 31.9%-2.9pp | 34.7%+30.6pp | 4.1%+27.6pp | -23.5%+45.2pp | -68.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin.
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Where Crowdstrike Holdings Ranks
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 Altman Z-Score?
Crowdstrike Holdings (CRWD) has an Altman Z-Score of 18.12, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Crowdstrike Holdings's Piotroski F-Score?
Crowdstrike Holdings (CRWD) has a Piotroski F-Score of 4 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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) reported a net loss of $161.2M while generating $1.6B in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $293.3M against $28.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 63 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.