CrowdStrike (CRWD) Financials

$425.00 -26.69 (-5.91%)

Closing price 08/7/2025 04:00 PM Eastern

Extended Trading

$428.54 +3.55 (+0.83%)

As of 07:03 AM Eastern

Annual Income Statements for CrowdStrike

This table shows CrowdStrike's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-141	-140	-142	-93	-235	-183	89	-19
Consolidated Net Income / (Loss)	-135	-140	-142	-93	-232	-182	91	-17
Net Income / (Loss) Continuing Operations	-135	-140	-142	-93	-232	-182	91	-17
Total Pre-Tax Income	-135	-139	-140	-88	-160	-160	123	55
Total Operating Income	-131	-137	-146	-93	-143	-190	-2.00	-120
Total Gross Profit	64	163	340	645	1,068	1,640	2,300	2,962
Total Revenue	119	250	481	874	1,452	2,241	3,056	3,954
Operating Revenue	119	250	481	874	1,452	2,241	3,056	3,954
Total Cost of Revenue	54	87	142	230	383	601	756	991
Operating Cost of Revenue	54	87	142	230	383	601	756	991
Total Operating Expenses	196	299	486	737	1,211	1,830	2,302	3,083
Selling, General & Admin Expense	33	42	89	121	223	317	393	482
Marketing Expense	104	173	267	401	617	904	1,141	1,523
Research & Development Expense	59	85	130	215	371	608	768	1,077
Total Other Income / (Expense), net	-3.12	-1.85	6.28	4.66	-17	30	125	175
Interest Expense	1.65	0.43	0.44	1.56	25	25	26	26
Interest & Investment Income	-	-	-	4.97	3.79	52	149	196
Other Income / (Expense), net	-1.47	-1.42	6.73	1.25	3.97	3.05	1.64	5.10
Income Tax Expense	0.93	1.37	2.00	4.76	72	22	32	71
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	2.42	0.96	1.26	2.68
Basic Earnings per Share	($3.38)	($3.12)	($0.96)	($0.43)	($1.03)	($0.79)	$0.37	($0.08)
Weighted Average Basic Shares Outstanding	41.88M	44.86M	148.06M	217.76M	227.14M	233.14M	238.64M	244.75M
Diluted Earnings per Share	($3.38)	($3.12)	($0.96)	($0.43)	($1.03)	($0.79)	$0.37	($0.08)
Weighted Average Diluted Shares Outstanding	41.88M	44.86M	148.06M	217.76M	227.14M	233.14M	243.64M	244.75M
Weighted Average Basic & Diluted Shares Outstanding	41.88M	44.86M	148.06M	217.76M	217.76M	235.86M	241.87M	247.87M

This table shows CrowdStrike's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-55	-47	0.49	8.47	27	54	43	47	-17	-92	-110
Consolidated Net Income / (Loss)	-55	-49	0.50	8.48	27	55	46	47	-17	-93	-111
Net Income / (Loss) Continuing Operations	-55	-49	0.50	8.48	27	55	46	47	-17	-93	-111
Total Pre-Tax Income	-46	-44	4.91	13	36	69	54	58	-11	-46	-90
Total Operating Income	-56	-62	-19	-15	3.16	30	6.94	14	-56	-85	-125
Total Gross Profit	423	462	523	549	591	637	696	726	755	785	814
Total Revenue	581	637	693	732	786	845	921	964	1,010	1,059	1,103
Operating Revenue	581	637	693	732	786	845	921	964	1,010	1,059	1,103
Total Cost of Revenue	158	176	169	183	195	209	225	237	255	274	289
Operating Cost of Revenue	158	176	169	183	195	209	225	237	255	274	289
Total Operating Expenses	479	523	543	564	588	607	689	713	811	870	939
Selling, General & Admin Expense	84	85	83	102	106	103	104	106	127	145	165
Marketing Expense	240	246	281	283	286	290	350	355	408	410	440
Research & Development Expense	155	192	179	179	196	214	235	251	276	315	334
Total Other Income / (Expense), net	11	18	24	28	33	39	47	44	45	39	35
Interest Expense	6.33	6.35	6.39	6.44	6.50	6.42	6.51	6.55	6.59	6.66	6.72
Interest & Investment Income	16	27	31	37	40	42	46	52	52	47	45
Other Income / (Expense), net	0.75	-2.78	0.23	-1.73	-0.47	3.62	7.66	-1.03	-0.43	-1.10	-3.90
Income Tax Expense	8.87	5.31	4.41	4.61	9.60	14	7.67	11	6.28	46	21
Net Income / (Loss) Attributable to Noncontrolling Interest	0.33	-1.45	0.01	0.00	0.00	1.24	3.44	-0.32	0.00	-0.45	-0.79
Basic Earnings per Share	($0.24)	($0.20)	$0.00	$0.04	$0.11	$0.22	$0.18	$0.19	($0.07)	($0.38)	($0.44)
Weighted Average Basic Shares Outstanding	233.79M	233.14M	236.41M	237.91M	239.30M	238.64M	242.39M	244.09M	245.54M	244.75M	248.43M
Diluted Earnings per Share	($0.24)	($0.20)	$0.00	$0.03	$0.11	$0.23	$0.17	$0.19	($0.07)	($0.37)	($0.44)
Weighted Average Diluted Shares Outstanding	233.79M	233.14M	240.60M	242.14M	243.80M	243.64M	250.16M	251.27M	245.54M	244.75M	248.43M
Weighted Average Basic & Diluted Shares Outstanding	234.39M	235.86M	237.11M	238.79M	240.14M	247.87M	243.36M	245.13M	246.31M	247.87M	249.25M

This table details how cash moves in and out of CrowdStrike's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Net Change in Cash & Equivalents	40	25	176	1,654	78	460	921	947
Net Cash From Operating Activities	-59	-23	100	357	575	941	1,166	1,382
Net Cash From Continuing Operating Activities	-59	-23	100	357	575	941	1,166	1,382
Net Income / (Loss) Continuing Operations	-135	-140	-142	-93	-232	-182	91	-17
Consolidated Net Income / (Loss)	-135	-140	-142	-93	-232	-182	91	-17
Depreciation Expense	7.11	15	23	39	56	77	127	188
Amortization Expense	13	28	35	68	127	187	255	347
Non-Cash Adjustments To Reconcile Net Income	14	25	86	157	317	527	632	863
Changes in Operating Assets and Liabilities, net	42	49	98	185	308	332	62	-0.24
Net Cash From Investing Activities	-28	-142	-630	495	-565	-557	-341	-537
Net Cash From Continuing Investing Activities	-28	-142	-630	495	-565	-557	-341	-537
Purchase of Property, Plant & Equipment	-29	-43	-87	-64	-133	-264	-226	-314
Acquisitions	-6.78	0.00	-1.00	-86	-415	-21	-250	-310
Purchase of Investments	-9.56	-199	-780	-86	-16	-272	-215	-22
Sale and/or Maturity of Investments	17	100	239	731	0.00	0.00	350	110
Net Cash From Financing Activities	127	190	706	800	73	77	93	107
Net Cash From Continuing Financing Activities	127	190	706	800	73	77	93	107
Repayment of Debt	-17	-26	0.00	-3.33	-1.80	-1.59	0.00	0.00
Payment of Dividends	-	-	-	-	-	0.00	0.00	-4.89
Issuance of Common Equity	0.00	0.00	688	35	58	70	84	108
Other Financing Activities, net	3.33	1.78	18	29	16	8.66	8.70	3.98
Other Net Changes in Cash	-	-	-0.07	-	-	-1.50	1.96	-5.28
Cash Interest Paid	1.65	0.45	0.01	0.02	13	23	23	23
Cash Income Taxes Paid	0.11	1.39	1.86	1.73	75	12	23	19

This table details how cash moves in and out of CrowdStrike's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2025	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Net Change in Cash & Equivalents	148	-11	375	338	-198	433	328	335	222	62	291
Net Cash From Operating Activities	243	273	301	245	274	563	383	327	326	346	384
Net Cash From Continuing Operating Activities	243	273	301	245	274	563	383	327	326	346	384
Net Income / (Loss) Continuing Operations	-55	-49	0.50	8.48	27	-52	46	47	-17	-93	-111
Consolidated Net Income / (Loss)	-55	-49	0.50	8.48	27	-52	46	47	-17	-93	-111
Depreciation Expense	19	24	26	30	34	98	43	46	49	50	56
Amortization Expense	48	53	59	62	63	163	82	80	86	98	111
Non-Cash Adjustments To Reconcile Net Income	140	155	132	172	164	396	180	204	221	263	256
Changes in Operating Assets and Liabilities, net	90	90	83	-27	-14	-42	31	-50	-13	27	72
Net Cash From Investing Activities	-97	-319	66	42	-469	-176	-51	-55	-106	-325	-102
Net Cash From Continuing Investing Activities	-97	-319	66	42	-469	-176	-51	-55	-106	-325	-102
Purchase of Property, Plant & Equipment	-69	-64	-73	-55	-34	-151	-60	-54	-95	-105	-103
Acquisitions	-18	-1.51	0.00	-0.50	-239	-71	-96	-0.01	-	-214	0.00
Purchase of Investments	-10	-254	-11	-2.25	-196	187	-2.27	-1.64	-11	-7.91	-1.83
Sale and/or Maturity of Investments	-	-	150	100	-	-140	108	0.53	-	1.68	3.19
Net Cash From Financing Activities	4.98	29	7.91	50	2.05	48	-2.52	62	0.84	46	2.13
Net Cash From Continuing Financing Activities	4.98	29	7.91	50	2.05	48	-2.52	62	0.84	46	2.13
Payment of Dividends	-	-	0.00	-	-	-4.89	-3.84	-0.24	-	-0.81	0.00
Issuance of Common Equity	5.09	27	5.26	48	-	55	0.50	61	-	47	1.50
Other Financing Activities, net	1.48	2.26	2.65	1.47	2.05	-2.20	0.82	1.64	0.84	0.68	0.63
Other Net Changes in Cash	-2.74	5.58	-0.19	-	-	-	-	0.88	-	-	6.55
Cash Interest Paid	11	0.00	11	-	11	-	11	-	11	-	11
Cash Income Taxes Paid	1.80	5.17	3.38	6.61	7.92	1.11	7.59	2.66	3.95	4.83	17

This table presents CrowdStrike's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025
Total Assets	433	1,405	2,733	3,618	5,027	6,647	8,702
Total Current Assets	331	1,172	2,292	2,571	3,640	4,757	6,113
Cash & Equivalents	88	265	1,919	1,997	2,455	3,375	4,323
Accounts Receivable	92	165	239	368	626	853	1,129
Prepaid Expenses	18	52	54	79	122	183	314
Other Current Assets	29	43	81	127	187	246	347
Plant, Property, & Equipment, net	74	136	167	261	492	620	789
Total Noncurrent Assets	28	97	273	787	894	1,269	1,800
Long-Term Investments	0.00	-	2.50	24	47	56	73
Goodwill	7.95	7.72	84	416	431	638	913
Intangible Assets	1.05	0.53	16	97	87	115	133
Other Noncurrent Operating Assets	19	89	172	249	329	460	681
Total Liabilities & Shareholders' Equity	433	1,405	2,733	3,618	5,027	6,647	8,702
Total Liabilities	363	662	1,861	2,581	3,539	4,309	5,383
Total Current Liabilities	281	493	864	1,407	2,109	2,697	3,461
Accounts Payable	6.86	1.35	12	48	45	28	131
Accrued Expenses	33	30	51	83	138	126	191
Current Deferred Revenue	219	413	702	1,137	1,727	2,271	2,733
Current Employee Benefit Liabilities	19	37	72	105	169	235	319
Other Current Liabilities	4.04	12	26	35	30	38	87
Total Noncurrent Liabilities	82	169	997	1,174	1,430	1,612	1,922
Long-Term Debt	-	0.00	738	740	741	742	744
Noncurrent Deferred Revenue	71	158	210	393	628	783	996
Other Noncurrent Operating Liabilities	10	11	49	42	61	86	182
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-488	743	872	1,038	1,487	2,337	3,319
Total Preferred & Common Equity	-488	742	871	1,026	1,464	2,304	3,279
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-488	742	871	1,026	1,464	2,304	3,279
Common Stock	31	1,379	1,598	1,992	2,613	3,364	4,367
Retained Earnings	-519	-637	-730	-965	-1,148	-1,059	-1,078
Accumulated Other Comprehensive Income / (Loss)	0.10	1.01	2.32	-1.24	-1.02	-1.66	-9.59
Noncontrolling Interest	0.00	0.50	1.30	12	24	33	39

This table presents CrowdStrike's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	7/31/2022	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	4/30/2025
Total Assets	4,154	4,469	5,027	5,138	5,520	5,831	6,647	6,842	7,202	7,783	8,720
Total Current Assets	2,976	3,204	3,640	3,709	4,050	4,079	4,757	4,842	5,182	5,572	6,071
Cash & Equivalents	2,319	2,467	2,455	2,830	3,167	2,969	3,375	3,702	4,039	4,260	4,614
Accounts Receivable	419	485	626	461	539	562	853	703	661	814	809
Prepaid Expenses	90	89	122	131	147	142	183	192	231	204	296
Other Current Assets	148	162	187	187	197	209	246	245	251	294	352
Plant, Property, & Equipment, net	383	430	492	524	562	581	620	627	648	747	826
Total Noncurrent Assets	795	836	894	905	908	1,171	1,269	1,373	1,372	1,464	1,823
Long-Term Investments	36	46	47	58	60	60	56	58	58	68	71
Goodwill	416	430	431	431	431	638	638	722	722	722	913
Intangible Assets	90	90	87	83	79	109	115	122	116	109	125
Other Noncurrent Operating Assets	254	270	329	334	339	364	460	471	476	564	713
Total Liabilities & Shareholders' Equity	4,154	4,469	5,027	5,138	5,520	5,831	6,647	6,842	7,202	7,783	8,720
Total Liabilities	2,911	3,132	3,539	3,503	3,650	3,770	4,309	4,273	4,312	4,687	5,229
Total Current Liabilities	1,649	1,817	2,109	2,080	2,229	2,350	2,697	2,684	2,728	3,000	3,283
Accounts Payable	54	89	45	17	37	57	28	21	21	79	16
Accrued Expenses	101	89	138	91	122	146	126	102	101	177	167
Current Deferred Revenue	1,364	1,483	1,727	1,788	1,894	1,943	2,271	2,309	2,348	2,363	2,747
Current Employee Benefit Liabilities	103	123	169	151	138	170	235	217	205	325	287
Other Current Liabilities	28	33	30	32	37	35	38	34	52	56	66
Total Noncurrent Liabilities	1,262	1,315	1,430	1,423	1,421	1,420	1,612	1,590	1,584	1,687	1,947
Long-Term Debt	740	741	741	741	742	742	742	743	743	744	744
Noncurrent Deferred Revenue	481	532	628	615	614	600	783	760	745	833	1,024
Other Noncurrent Operating Liabilities	41	42	61	67	66	77	86	87	96	110	178
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,243	1,338	1,487	1,634	1,870	2,061	2,337	2,569	2,891	3,096	3,491
Total Preferred & Common Equity	1,225	1,314	1,464	1,605	1,838	2,029	2,304	2,536	2,853	3,058	3,451
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,225	1,314	1,464	1,605	1,838	2,029	2,304	2,536	2,853	3,058	3,451
Common Stock	2,277	2,424	2,613	2,753	2,976	3,147	3,364	3,556	3,825	4,046	4,633
Retained Earnings	-1,046	-1,101	-1,148	-1,148	-1,139	-1,113	-1,059	-1,016	-969	-986	-1,188
Accumulated Other Comprehensive Income / (Loss)	-5.68	-9.18	-1.02	0.14	0.91	-5.28	-1.66	-4.76	-3.10	-2.03	5.86
Noncontrolling Interest	18	23	24	29	32	32	33	33	38	38	40

This table displays calculated financial ratios and metrics derived from CrowdStrike's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2025	1/31/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	110.37%	92.70%	81.64%	66.00%	54.40%	76.40%	29.39%
EBITDA Growth	0.00%	15.35%	14.44%	119.46%	177.74%	75.81%	441.20%	10.02%
EBIT Growth	0.00%	-4.04%	-0.77%	34.49%	-51.82%	-34.98%	38.35%	-32,205.04%
NOPAT Growth	0.00%	-4.13%	-6.72%	36.65%	-54.06%	-33.37%	127.54%	2,590.75%
Net Income Growth	0.00%	-3.39%	-1.22%	34.67%	-150.87%	21.56%	90.90%	-118.32%
EPS Growth	0.00%	7.69%	69.23%	55.21%	-139.53%	23.30%	89.87%	-121.62%
Operating Cash Flow Growth	0.00%	60.92%	535.14%	256.77%	61.20%	63.71%	46.83%	18.48%
Free Cash Flow Firm Growth	0.00%	0.00%	-311.12%	241.70%	-318.09%	188.17%	-204.46%	-9.93%
Invested Capital Growth	0.00%	0.00%	-39.43%	-83.65%	21.88%	-115.63%	36.49%	26.23%
Revenue Q/Q Growth	0.00%	0.00%	-21.59%	56.87%	12.92%	10.14%	38.84%	5.70%
EBITDA Q/Q Growth	0.00%	0.00%	8.84%	333.95%	59.94%	-17.94%	65.72%	-15.82%
EBIT Q/Q Growth	0.00%	0.00%	2.09%	7.91%	-3.38%	-26.90%	-17.77%	-2,748.81%
NOPAT Q/Q Growth	0.00%	0.00%	0.07%	14.21%	-5.73%	-24.95%	-68.47%	968.57%
Net Income Q/Q Growth	0.00%	0.00%	1.97%	9.22%	-10.85%	-4.11%	-24.89%	-112.66%
EPS Q/Q Growth	0.00%	0.00%	46.37%	0.00%	0.00%	-2.60%	-33.33%	-115.38%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	101.32%	15.69%	8.55%	13.73%	26.48%	-0.09%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	38.71%	-51.86%	53.03%	-247.90%	-231.48%
Invested Capital Q/Q Growth	0.00%	0.00%	-45.27%	-25.67%	-5.03%	-20.59%	21.28%	31.96%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	54.12%	65.08%	70.58%	73.75%	73.60%	73.17%	74.92%	74.92%
EBITDA Margin	-94.90%	-38.18%	-16.95%	1.82%	3.04%	3.46%	10.62%	10.62%
Operating Margin	-110.68%	-54.78%	-30.34%	-10.58%	-9.82%	-8.48%	-3.05%	-3.05%
EBIT Margin	-111.92%	-55.35%	-28.94%	-10.44%	-9.55%	-8.35%	-2.92%	-2.92%
Profit (Net Income) Margin	-114.09%	-56.07%	-29.45%	-10.59%	-16.01%	-8.13%	-0.42%	-0.42%
Tax Burden Percent	100.69%	100.99%	101.43%	105.42%	145.22%	114.01%	-30.43%	-30.43%
Interest Burden Percent	101.24%	100.31%	100.32%	96.27%	115.47%	85.47%	-47.29%	-47.29%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	130.43%	130.43%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-199.77%	-34.89%	-11.47%	-24.34%	-14.44%	-0.69%	-0.59%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-31.92%	-15.16%	-4.41%	-4.36%	-4.33%	-1.68%	-1.50%
Return on Assets (ROA)	0.00%	-32.33%	-15.43%	-4.48%	-7.32%	-4.22%	-0.24%	-0.22%
Return on Common Equity (ROCE)	0.00%	1,389.73%	-10.92%	-11.46%	-24.17%	-14.23%	-0.68%	-0.58%
Return on Equity Simple (ROE_SIMPLE)	0.00%	28.72%	-19.10%	-10.64%	-22.65%	-12.45%	-0.51%	0.00%
Net Operating Profit after Tax (NOPAT)	-92	-96	-102	-65	-100	-133	37	37
NOPAT Margin	-77.48%	-38.35%	-21.24%	-7.41%	-6.87%	-5.94%	0.93%	0.93%
Net Nonoperating Expense Percent (NNEP)	0.00%	-46.20%	-7.16%	-2.66%	-10.76%	-2.99%	-1.88%	-1.65%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-5.97%	0.90%	0.90%
Cost of Revenue to Revenue	45.88%	34.92%	29.42%	26.25%	26.40%	26.83%	25.08%	25.08%
SG&A Expenses to Revenue	27.40%	16.90%	18.50%	13.89%	15.37%	14.16%	12.20%	12.20%
R&D to Revenue	49.59%	33.84%	27.04%	24.55%	25.58%	27.14%	27.24%	27.24%
Operating Expenses to Revenue	164.80%	119.86%	100.92%	84.33%	83.42%	81.66%	77.97%	77.97%
Earnings before Interest and Taxes (EBIT)	-133	-138	-139	-91	-139	-187	-115	-115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-113	-95	-82	16	44	78	420	420
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	16.92	54.85	40.39	16.96	29.90	29.90
Price to Tangible Book Value (P/TBV)	0.00	0.00	17.11	61.90	80.92	26.24	43.90	43.90
Price to Revenue (P/Rev)	5.15	2.45	26.08	54.61	28.54	11.08	24.80	24.80
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	3.92	24.19	53.25	27.67	10.19	23.89	23.89
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	2,931.87	910.35	294.41	224.98	224.98
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	2,576.74	2,576.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	116.52	130.60	69.87	24.27	68.35	68.35
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	38.02	0.00	604.94	0.00	154.27	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.85	0.71	0.50	0.22	0.22
Long-Term Debt to Equity	0.00	0.00	0.00	0.85	0.71	0.50	0.22	0.22
Financial Leverage	0.00	-2.73	-1.36	-1.30	-1.29	-1.30	-1.18	-1.14
Leverage Ratio	0.00	6.18	2.26	2.56	3.33	3.42	2.86	2.71
Compound Leverage Factor	0.00	6.20	2.27	2.47	3.84	2.93	-1.35	-1.28
Debt to Total Capital	0.00%	0.00%	0.00%	45.84%	41.61%	33.25%	18.31%	18.31%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	45.84%	41.61%	33.25%	18.31%	18.31%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	795.66%	0.07%	0.08%	0.67%	1.07%	0.97%	0.97%
Common Equity to Total Capital	0.00%	-695.66%	99.93%	54.08%	57.72%	65.68%	80.72%	80.72%
Debt to EBITDA	0.00	0.00	0.00	46.47	16.76	9.55	1.77	1.77
Net Debt to EBITDA	0.00	0.00	0.00	-74.49	-29.03	-25.94	-8.70	-8.70
Long-Term Debt to EBITDA	0.00	0.00	0.00	46.47	16.76	9.55	1.77	1.77
Debt to NOPAT	0.00	0.00	0.00	-11.39	-7.41	-5.57	20.30	20.30
Net Debt to NOPAT	0.00	0.00	0.00	18.27	12.84	15.12	-99.64	-99.64
Long-Term Debt to NOPAT	0.00	0.00	0.00	-11.39	-7.41	-5.57	20.30	20.30
Altman Z-Score	0.00	-1.00	11.34	15.86	9.92	4.58	11.53	11.53
Noncontrolling Interest Sharing Ratio	0.00%	795.66%	68.71%	0.11%	0.69%	1.41%	1.32%	1.28%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.18	2.38	2.65	1.83	1.73	1.77	1.77
Quick Ratio	0.00	1.01	2.18	2.50	1.68	1.58	1.58	1.58
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	26	-54	77	-168	148	-155	-82
Operating Cash Flow to CapEx	-199.56%	-53.86%	114.24%	560.08%	432.14%	356.29%	440.29%	440.29%
Free Cash Flow to Firm to Interest Expense	0.00	60.12	-122.91	49.38	-6.65	5.85	-5.88	-3.11
Operating Cash Flow to Interest Expense	-35.66	-53.66	226.12	228.71	22.78	37.17	52.52	52.52
Operating Cash Flow Less CapEx to Interest Expense	-53.53	-153.30	28.18	187.88	17.51	26.73	40.59	40.59
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.58	0.52	0.42	0.46	0.52	0.58	0.52
Accounts Receivable Turnover	0.00	2.70	3.74	4.33	4.78	4.51	4.51	3.99
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	3.39	4.59	5.77	6.79	5.95	6.17	5.61
Accounts Payable Turnover	0.00	12.73	34.54	34.23	12.84	12.93	11.25	12.47
Days Sales Outstanding (DSO)	0.00	135.11	97.60	84.36	76.36	80.97	81.00	91.47
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	28.68	10.57	10.66	28.43	28.23	32.44	29.28
Cash Conversion Cycle (CCC)	0.00	106.43	87.04	73.69	47.93	52.73	48.56	62.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	-122	-169	-311	-243	-524	-333	-333
Invested Capital Turnover	0.00	-4.11	-3.31	-3.64	-5.24	-5.84	-9.23	-10.08
Increase / (Decrease) in Invested Capital	0.00	-122	-48	-142	68	-281	191	118
Enterprise Value (EV)	0.00	978	11,645	46,567	40,159	22,834	94,437	94,437
Market Capitalization	612	612	12,557	47,749	41,428	24,822	98,049	98,049
Book Value per Share	$0.00	($10.87)	$3.61	$3.93	$4.47	$6.24	$13.31	$13.31
Tangible Book Value per Share	$0.00	($11.07)	$3.57	$3.49	$2.23	$4.04	$9.07	$9.07
Total Capital	0.00	70	743	1,610	1,777	2,228	4,063	4,063
Total Debt	0.00	0.00	0.00	738	740	741	744	744
Total Long-Term Debt	0.00	0.00	0.00	738	740	741	744	744
Net Debt	0.00	-192	-912	-1,183	-1,281	-2,012	-3,652	-3,652
Capital Expenditures (CapEx)	29	43	87	64	133	264	314	314
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-142	-234	-490	-833	-1,174	-1,671	-1,671
Debt-free Net Working Capital (DFNWC)	0.00	50	679	1,429	1,164	1,531	2,652	2,652
Net Working Capital (NWC)	0.00	50	679	1,429	1,164	1,531	2,652	2,652
Net Nonoperating Expense (NNE)	43	44	40	28	133	49	53	53
Net Nonoperating Obligations (NNO)	0.00	-192	-912	-1,183	-1,281	-2,012	-3,652	-3,652
Total Depreciation and Amortization (D&A)	20	43	58	107	183	265	535	535
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-56.71%	-48.51%	-56.02%	-57.35%	-52.39%	-42.27%	-42.27%
Debt-free Net Working Capital to Revenue	0.00%	20.00%	140.95%	163.39%	80.20%	68.32%	67.09%	67.09%
Net Working Capital to Revenue	0.00%	20.00%	140.95%	163.39%	80.20%	68.32%	67.09%	67.09%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($3.38)	($3.12)	($0.96)	($0.43)	$0.00	($0.79)	($0.08)	($0.08)
Adjusted Weighted Average Basic Shares Outstanding	41.88M	44.86M	213.21M	223.88M	0.00	233.14M	244.75M	244.75M
Adjusted Diluted Earnings per Share	($3.38)	($3.12)	($0.96)	($0.43)	$0.00	($0.79)	($0.08)	($0.08)
Adjusted Weighted Average Diluted Shares Outstanding	41.88M	44.86M	213.21M	223.88M	0.00	233.14M	244.75M	244.75M
Adjusted Basic & Diluted Earnings per Share	($3.38)	($3.12)	($0.96)	($0.43)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	41.88M	44.86M	148.06M	217.76M	0.00	235.86M	247.87M	247.87M
Normalized Net Operating Profit after Tax (NOPAT)	-92	-96	-102	-65	-100	-133	-84	-84
Normalized NOPAT Margin	-77.48%	-38.35%	-21.24%	-7.41%	-6.87%	-5.94%	-2.13%	-2.13%
Pre Tax Income Margin	-113.31%	-55.52%	-29.04%	-10.05%	-11.02%	-7.13%	1.38%	1.38%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-80.65	-323.09	-315.25	-58.55	-5.49	-7.39	-4.38	-4.38
NOPAT to Interest Expense	-55.83	-223.84	-231.32	-41.55	-3.95	-5.26	1.39	1.39
EBIT Less CapEx to Interest Expense	-98.52	-422.73	-513.18	-99.38	-10.76	-17.82	-16.31	-16.31
NOPAT Less CapEx to Interest Expense	-73.70	-323.48	-429.26	-82.38	-9.23	-15.69	-10.53	-10.53
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-29.47%	-29.47%
Augmented Payout Ratio	0.00%	-1.66%	0.00%	0.00%	0.00%	0.00%	-29.47%	-29.47%

This table displays calculated financial ratios and metrics derived from CrowdStrike's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/31/2022	1/31/2023	4/30/2023	7/31/2023	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	52.84%	47.88%	41.97%	36.71%	35.31%	32.63%	32.99%	31.74%	28.52%	25.22%	19.80%
EBITDA Growth	81.72%	-56.93%	86.03%	338.65%	732.59%	2,194.21%	109.49%	86.93%	-20.61%	-55.92%	-72.50%
EBIT Growth	-37.15%	-161.05%	13.31%	61.92%	104.83%	151.78%	175.90%	173.81%	-2,188.21%	-359.55%	-980.98%
NOPAT Growth	-40.13%	-161.32%	88.17%	70.56%	105.89%	155.24%	400.79%	211.19%	-1,777.25%	-351.09%	-1,566.55%
Net Income Growth	-8.29%	-17.23%	101.64%	117.54%	148.82%	212.28%	9,171.34%	450.85%	-163.07%	-268.78%	-339.91%
EPS Growth	-9.09%	-11.11%	100.00%	114.29%	145.83%	0.00%	0.00%	533.33%	-163.64%	-260.87%	-358.82%
Operating Cash Flow Growth	52.68%	71.11%	39.98%	16.61%	12.63%	105.84%	27.36%	33.44%	19.24%	-0.37%	0.23%
Free Cash Flow Firm Growth	469.02%	381.46%	38.22%	25.88%	-105.73%	-170.36%	-154.91%	-160.18%	391.57%	-262.73%	44.88%
Invested Capital Growth	-87.80%	-115.63%	-88.53%	-65.82%	2.70%	36.49%	26.58%	24.71%	-15.69%	26.23%	-0.20%
Revenue Q/Q Growth	8.55%	9.72%	8.66%	5.64%	7.43%	7.55%	8.96%	4.65%	4.80%	4.79%	4.24%
EBITDA Q/Q Growth	-29.50%	7.37%	419.87%	11.47%	33.82%	195.85%	-0.96%	-0.54%	-43.17%	-21.26%	-38.22%
EBIT Q/Q Growth	-23.92%	-15.47%	70.09%	11.02%	115.72%	1,137.90%	-56.16%	-13.47%	-544.70%	-53.86%	-48.79%
NOPAT Q/Q Growth	-16.80%	-9.00%	95.41%	-403.34%	123.36%	922.56%	-74.98%	86.06%	-452.35%	-53.08%	-46.14%
Net Income Q/Q Growth	-13.08%	10.43%	101.02%	1,598.60%	214.64%	106.01%	-15.79%	0.92%	-136.02%	-451.35%	-19.69%
EPS Q/Q Growth	-14.29%	16.67%	100.00%	0.00%	266.67%	0.00%	-26.09%	11.76%	-136.84%	-428.57%	-18.92%
Operating Cash Flow Q/Q Growth	15.70%	12.54%	10.10%	-18.65%	11.74%	105.67%	10.44%	-14.77%	-0.15%	6.01%	11.10%
Free Cash Flow Firm Q/Q Growth	-11.96%	45.39%	19.86%	-17.95%	-104.01%	-1,683.72%	-219.07%	10.07%	119.43%	-750.52%	51.52%
Invested Capital Q/Q Growth	-17.22%	-20.59%	-16.71%	-0.50%	31.21%	21.28%	0.47%	-3.06%	-5.70%	31.96%	-35.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.76%	72.45%	75.57%	75.00%	75.19%	75.33%	75.57%	75.37%	74.75%	74.12%	73.80%
EBITDA Margin	2.06%	2.01%	9.63%	10.16%	12.65%	34.81%	15.17%	14.41%	7.82%	5.87%	3.48%
Operating Margin	-9.71%	-9.65%	-2.81%	-2.10%	0.40%	3.51%	0.75%	1.42%	-5.52%	-8.06%	-11.30%
EBIT Margin	-9.58%	-10.09%	-2.78%	-2.34%	0.34%	3.94%	1.58%	1.31%	-5.56%	-8.16%	-11.65%
Profit (Net Income) Margin	-9.40%	-7.68%	0.07%	1.16%	3.39%	6.50%	5.02%	4.84%	-1.67%	-8.76%	-10.06%
Tax Burden Percent	119.38%	112.18%	10.17%	64.77%	73.53%	80.15%	85.78%	81.05%	159.60%	199.58%	123.48%
Interest Burden Percent	82.20%	67.85%	-25.53%	-76.50%	1,348.90%	205.94%	369.59%	456.20%	18.77%	53.78%	69.92%
Effective Tax Rate	0.00%	0.00%	89.83%	35.23%	26.48%	19.85%	14.22%	18.95%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-15.24%	-14.44%	-11.00%	-6.08%	-0.78%	-0.69%	6.49%	7.33%	5.08%	-0.59%	-5.74%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-5.02%	-5.23%	-1.51%	-1.28%	0.19%	2.27%	0.87%	0.72%	-3.05%	-4.20%	-6.19%
Return on Assets (ROA)	-4.93%	-3.98%	0.04%	0.63%	1.88%	3.74%	2.75%	2.68%	-0.91%	-4.51%	-5.35%
Return on Common Equity (ROCE)	-15.01%	-14.23%	-10.83%	-5.98%	-0.77%	-0.68%	6.39%	7.23%	5.02%	-0.58%	-5.67%
Return on Equity Simple (ROE_SIMPLE)	-13.32%	0.00%	-9.43%	-5.15%	-0.65%	0.00%	5.38%	6.12%	4.29%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-39	-43	-1.98	-9.96	2.33	24	5.95	11	-39	-60	-87
NOPAT Margin	-6.80%	-6.75%	-0.29%	-1.36%	0.30%	2.81%	0.65%	1.15%	-3.86%	-5.64%	-7.91%
Net Nonoperating Expense Percent (NNEP)	-1.02%	-0.36%	0.13%	0.90%	1.14%	1.10%	1.53%	1.22%	0.73%	-1.03%	-0.68%
Return On Investment Capital (ROIC_SIMPLE)	-	-1.93%	-	-	-	0.59%	-	-	-	-1.47%	-2.06%
Cost of Revenue to Revenue	27.24%	27.55%	24.43%	25.00%	24.81%	24.67%	24.43%	24.63%	25.25%	25.88%	26.20%
SG&A Expenses to Revenue	14.49%	13.33%	11.93%	13.91%	13.43%	12.15%	11.26%	11.04%	12.57%	13.72%	14.97%
R&D to Revenue	26.73%	30.10%	25.85%	24.52%	24.95%	25.32%	25.54%	26.03%	27.28%	29.77%	30.28%
Operating Expenses to Revenue	82.47%	82.10%	78.37%	77.10%	74.79%	71.82%	74.82%	73.95%	80.26%	82.17%	85.09%
Earnings before Interest and Taxes (EBIT)	-56	-64	-19	-17	2.69	33	15	13	-56	-86	-129
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	13	67	74	99	294	140	139	79	62	38
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	28.62	16.96	17.64	20.85	20.80	21.42	27.91	19.79	23.80	29.90	30.81
Price to Tangible Book Value (P/TBV)	47.35	26.24	25.95	28.86	32.93	31.45	41.83	28.01	32.68	43.90	44.07
Price to Revenue (P/Rev)	18.49	11.08	11.58	14.51	14.82	17.77	21.55	16.05	19.46	24.80	25.70
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	537.43	331.67	574.31	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.30%	0.17%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	17.63	10.19	10.67	13.58	13.96	16.85	20.64	15.11	18.51	23.89	24.76
Enterprise Value to EBITDA (EV/EBITDA)	379.55	294.41	240.77	216.42	156.97	158.74	149.10	102.35	138.83	224.98	321.55
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	2,025.39	840.80	15,898.81	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	342.00	1,818.02	3,500.90	1,232.60	0.00	2,576.74	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	43.35	24.27	25.41	33.79	36.39	48.22	54.28	39.94	50.05	68.35	74.07
Enterprise Value to Free Cash Flow (EV/FCFF)	370.88	154.27	165.89	261.60	380.32	0.00	0.00	0.00	1,113.57	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.55	0.50	0.45	0.40	0.36	0.22	0.29	0.26	0.24	0.22	0.21
Long-Term Debt to Equity	0.55	0.50	0.45	0.40	0.36	0.22	0.29	0.26	0.24	0.22	0.21
Financial Leverage	-1.29	-1.30	-1.34	-1.32	-1.25	-1.18	-1.25	-1.23	-1.18	-1.14	-1.15
Leverage Ratio	3.38	3.42	3.26	3.11	3.03	2.86	2.85	2.67	2.64	2.71	2.57
Compound Leverage Factor	2.78	2.32	-0.83	-2.38	40.88	5.88	10.53	12.19	0.50	1.46	1.80
Debt to Total Capital	35.64%	33.25%	31.21%	28.40%	26.48%	18.31%	22.43%	20.45%	19.37%	18.31%	17.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	35.64%	33.25%	31.21%	28.40%	26.48%	18.31%	22.43%	20.45%	19.37%	18.31%	17.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.12%	1.07%	1.22%	1.22%	1.14%	0.97%	1.00%	1.04%	0.98%	0.97%	0.95%
Common Equity to Total Capital	63.24%	65.68%	67.57%	70.38%	72.39%	80.72%	76.56%	78.51%	79.65%	80.72%	81.48%
Debt to EBITDA	7.84	9.55	6.84	4.47	2.93	1.77	1.63	1.43	1.49	1.77	2.34
Net Debt to EBITDA	-18.75	-25.94	-20.72	-14.99	-9.81	-8.70	-6.64	-6.46	-7.19	-8.70	-12.38
Long-Term Debt to EBITDA	7.84	9.55	6.84	4.47	2.93	1.77	1.63	1.43	1.49	1.77	2.34
Debt to NOPAT	-6.95	-5.57	-5.70	-6.94	6.38	20.30	38.37	17.24	-176.23	20.30	-4.22
Net Debt to NOPAT	16.64	15.12	17.28	23.24	-21.37	-99.64	-155.90	-77.79	849.61	-99.64	22.34
Long-Term Debt to NOPAT	-6.95	-5.57	-5.70	-6.94	6.38	20.30	38.37	17.24	-176.23	20.30	-4.22
Altman Z-Score	7.65	4.66	5.38	6.88	7.30	8.49	10.59	8.57	9.99	11.54	12.82
Noncontrolling Interest Sharing Ratio	1.51%	1.41%	1.58%	1.60%	1.63%	1.32%	1.48%	1.46%	1.35%	1.28%	1.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.76	1.73	1.78	1.82	1.74	1.77	1.80	1.90	1.86	1.77	1.85
Quick Ratio	1.62	1.58	1.63	1.66	1.59	1.58	1.64	1.72	1.69	1.58	1.65
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	164	238	285	234	-9.39	-167	-157	-141	27	-178	-86
Operating Cash Flow to CapEx	353.11%	428.59%	411.25%	441.13%	806.98%	371.87%	636.99%	607.48%	343.39%	329.53%	372.24%
Free Cash Flow to Firm to Interest Expense	25.85	37.48	44.67	36.33	-1.44	-26.08	-24.06	-21.51	4.16	-26.72	-12.86
Operating Cash Flow to Interest Expense	38.34	43.02	47.11	37.99	42.06	87.60	58.86	49.88	49.51	51.88	57.20
Operating Cash Flow Less CapEx to Interest Expense	27.48	32.99	35.65	29.37	36.85	64.04	49.62	41.67	35.09	36.14	41.83
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.52	0.55	0.55	0.55	0.58	0.55	0.55	0.55	0.52	0.53
Accounts Receivable Turnover	5.30	4.51	5.89	5.52	5.44	4.51	5.64	5.86	5.44	3.99	5.47
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.05	5.95	5.82	5.59	5.63	6.17	5.71	5.81	5.63	5.61	5.69
Accounts Payable Turnover	11.16	12.93	46.10	15.09	9.88	11.25	42.49	29.79	13.60	12.47	56.00
Days Sales Outstanding (DSO)	68.93	80.97	61.94	66.18	67.11	81.00	64.68	62.31	67.13	91.47	66.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	32.70	28.23	7.92	24.18	36.93	32.44	8.59	12.25	26.84	29.28	6.52
Cash Conversion Cycle (CCC)	36.23	52.73	54.03	42.00	30.18	48.56	56.09	50.06	40.29	62.20	60.18
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-435	-524	-612	-615	-423	-333	-449	-463	-489	-333	-450
Invested Capital Turnover	-6.11	-5.84	-5.22	-5.36	-6.64	-9.23	-6.19	-6.52	-8.20	-10.08	-9.20
Increase / (Decrease) in Invested Capital	-203	-281	-287	-244	12	191	163	152	-66	118	-0.92
Enterprise Value (EV)	35,872	22,834	26,098	35,878	39,759	66,630	67,772	53,134	69,223	94,437	102,404
Market Capitalization	37,621	24,822	28,315	38,331	42,211	70,242	70,756	56,450	72,771	98,049	106,305
Book Value per Share	$5.63	$6.24	$6.81	$7.75	$8.50	$13.31	$10.48	$11.72	$12.47	$13.31	$13.92
Tangible Book Value per Share	$3.40	$4.04	$4.63	$5.60	$5.37	$9.07	$6.99	$8.28	$9.08	$9.07	$9.73
Total Capital	2,078	2,228	2,376	2,612	2,803	4,063	3,312	3,634	3,839	4,063	4,235
Total Debt	741	741	741	742	742	744	743	743	744	744	744
Total Long-Term Debt	741	741	741	742	742	744	743	743	744	744	744
Net Debt	-1,772	-2,012	-2,246	-2,485	-2,484	-3,652	-3,018	-3,354	-3,585	-3,652	-3,941
Capital Expenditures (CapEx)	69	64	73	55	34	151	60	54	95	105	103
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,080	-1,174	-1,301	-1,346	-1,438	-1,671	-1,545	-1,585	-1,688	-1,671	-1,826
Debt-free Net Working Capital (DFNWC)	1,387	1,531	1,629	1,821	1,729	2,652	2,158	2,453	2,572	2,652	2,788
Net Working Capital (NWC)	1,387	1,531	1,629	1,821	1,729	2,652	2,158	2,453	2,572	2,652	2,788
Net Nonoperating Expense (NNE)	15	5.88	-2.48	-18	-24	-31	-40	-36	-22	33	24
Net Nonoperating Obligations (NNO)	-1,772	-2,012	-2,246	-2,485	-2,484	-3,652	-3,018	-3,354	-3,585	-3,652	-3,941
Total Depreciation and Amortization (D&A)	68	77	86	91	97	261	125	126	135	149	167
Debt-free, Cash-free Net Working Capital to Revenue	-53.07%	-52.39%	-53.19%	-50.95%	-50.49%	-42.27%	-47.03%	-45.08%	-45.14%	-42.27%	-44.15%
Debt-free Net Working Capital to Revenue	68.14%	68.32%	66.59%	68.91%	60.71%	67.09%	65.71%	69.77%	68.76%	67.09%	67.41%
Net Working Capital to Revenue	68.14%	68.32%	66.59%	68.91%	60.71%	67.09%	65.71%	69.77%	68.76%	67.09%	67.41%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.24)	($0.20)	$0.00	$0.04	$0.11	$0.22	$0.18	$0.19	($0.07)	($0.38)	($0.44)
Adjusted Weighted Average Basic Shares Outstanding	233.79M	233.14M	236.41M	237.91M	239.30M	238.64M	242.39M	244.09M	245.54M	244.75M	248.43M
Adjusted Diluted Earnings per Share	($0.24)	($0.20)	$0.00	$0.03	$0.11	$0.23	$0.17	$0.19	($0.07)	($0.37)	($0.44)
Adjusted Weighted Average Diluted Shares Outstanding	233.79M	233.14M	240.60M	242.14M	243.80M	243.64M	250.16M	251.27M	245.54M	244.75M	248.43M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	234.39M	235.86M	237.11M	238.79M	240.14M	247.87M	243.36M	245.13M	246.31M	247.87M	249.25M
Normalized Net Operating Profit after Tax (NOPAT)	-39	-43	-14	-9.96	2.33	24	5.95	11	-39	-60	-87
Normalized NOPAT Margin	-6.80%	-6.75%	-1.97%	-1.36%	0.30%	2.81%	0.65%	1.15%	-3.86%	-5.64%	-7.91%
Pre Tax Income Margin	-7.88%	-6.84%	0.71%	1.79%	4.61%	8.11%	5.86%	5.98%	-1.04%	-4.39%	-8.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-8.79	-10.12	-3.01	-2.65	0.41	5.18	2.24	1.93	-8.52	-12.96	-19.14
NOPAT to Interest Expense	-6.24	-6.78	-0.31	-1.55	0.36	3.70	0.91	1.69	-5.92	-8.96	-12.99
EBIT Less CapEx to Interest Expense	-19.65	-20.16	-14.47	-11.27	-4.80	-18.37	-7.00	-6.28	-22.94	-28.71	-34.51
NOPAT Less CapEx to Interest Expense	-17.09	-16.82	-11.77	-10.16	-4.85	-19.85	-8.33	-6.52	-20.34	-24.70	-28.36
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-29.47%	0.00%	0.00%	0.00%	-29.47%	-0.60%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-29.47%	0.00%	0.00%	0.00%	-29.47%	-0.60%

Key Financial Trends

CrowdStrike Holdings, Inc. (NASDAQ:CRWD) has demonstrated robust growth and evolving financial dynamics over the last four years, based on analysis of quarterly income statements, cash flow statements, and balance sheets.

Positive trends and highlights:

Revenue Growth: Operating revenue showed consistent growth from $380 million in Q3 2022 to over $1 billion in Q3 2025, indicating successful business expansion.
Increasing Gross Profit: Gross profit increased substantially alongside revenue, reaching $755 million in Q3 2025, showing improved operational scale and efficiency.
Strong Operating Cash Flow: Net cash from operating activities generally remained strong, peaking at over $560 million in Q4 2024 and sustaining above $300 million in recent quarters, supporting operational sustainability.
R&D and Marketing Investment: CrowdStrike continues to invest heavily in marketing and research & development, with marketing expenses surpassing $400 million in Q3 2025 and R&D exceeding $275 million, driving innovation and market positioning.
Growing Cash Reserves: Cash and equivalents rose significantly from about $1.9 billion in Q3 2022 to over $4.2 billion in Q3 2025, providing liquidity and financial flexibility.
Equity Growth: Total common equity grew from roughly $948 million in Q4 2023 to over $3 billion by Q3 2025, reflecting retained earnings growth and capital raises.

Neutral observations:

Stable Debt Levels: Long-term debt remained relatively stable near $740 million over the analysis period, indicating manageable leverage.
Accounts Receivable Growth: Increasing accounts receivable balances are noted, consistent with revenue growth, requiring monitoring for collection efficiency.
Working Capital Fluctuations: Variances in accrued expenses, prepaid expenses, and deferred revenue show typical operational seasonality and growth-related changes.

Negative trends and concerns:

Operating Loss in Recent Quarter: Despite growing revenues, Q3 2025 reported an operating loss of approximately $56 million, contrasting profitable quarters in prior periods, signaling rising costs or margin pressures.
Net Loss in Latest Quarter: The company recorded a net loss of around $17 million in Q3 2025, after achieving net profits in the preceding quarters, highlighting short-term profitability challenges.
High Marketing and R&D Expenses: While investments support growth, the substantial marketing and R&D expenses exceeded $680 million in Q3 2025, constraining operating income.
Increased Income Tax Expense: Income tax costs rose over the period, with Q3 2025 taxes near $6.3 million, impacting net income.
Diluted EPS Negative: Basic and diluted earnings per share have turned negative recently (-$0.07 in Q3 2025), indicating losses on a per-share basis after a streak of positive EPS.

In summary, CrowdStrike shows strong top-line growth with increased gross profit and cash generation capabilities over the past several years. However, recent quarters reveal pressure on profitability largely due to escalating operating expenses, notably marketing and development investments. The company retains a solid balance sheet with ample liquidity, which provides a buffer to support ongoing expansion and innovation efforts.

Investors should watch CrowdStrike's ability to return to profitability amid growing expenses, and how effectively it manages working capital and operating costs while sustaining its rapid revenue growth trajectory.

08/08/25 05:51 AMAI Generated. May Contain Errors.

Frequently Asked Questions About CrowdStrike's Financials

When does CrowdStrike's financial year end?

According to the most recent income statement we have on file, CrowdStrike's fiscal year ends in January. Their fiscal year 2025 ended on January 31, 2025.

How has CrowdStrike's net income changed over the last 7 years?

CrowdStrike's net income appears to be on a downward trend, with a most recent value of -$16.60 million in 2025, falling from -$135.49 million in 2018. The previous period was $90.59 million in 2024. See where experts think CrowdStrike is headed by visiting CrowdStrike's forecast page.

What is CrowdStrike's operating income?

CrowdStrike's total operating income in 2025 was -$120.43 million, based on the following breakdown:

Total Gross Profit: $2.96 billion
Total Operating Expenses: $3.08 billion

How has CrowdStrike's revenue changed over the last 7 years?

Over the last 7 years, CrowdStrike's total revenue changed from $118.75 million in 2018 to $3.95 billion in 2025, a change of 3,229.3%.

How much debt does CrowdStrike have?

CrowdStrike's total liabilities were at $5.38 billion at the end of 2025, a 24.9% increase from 2024, and a 1,382.4% increase since 2019.

How much cash does CrowdStrike have?

In the past 6 years, CrowdStrike's cash and equivalents has ranged from $88.41 million in 2019 to $4.32 billion in 2025, and is currently $4.32 billion as of their latest financial filing in 2025.

How has CrowdStrike's book value per share changed over the last 7 years?

Over the last 7 years, CrowdStrike's book value per share changed from 0.00 in 2018 to 13.31 in 2025, a change of 1,331.4%.

Related Companies

This page (NASDAQ:CRWD) was last updated on 8/8/2025 by MarketBeat.com Staff

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CrowdStrike (CRWD) Financials

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CrowdStrike (CRWD) Financials

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