CRWD

MKT CAP:$114B

CrowdStrike Holdings, Inc.

Market Cap

$114B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$442.82-$10.76 (-2.37%)

Apr 24, 2026

Company Details

CrowdStrike Holdings, Inc. provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity...

CEO

George R. Kurtz

IPO Date

Jun 12, 2019

Website

www.crowdstrike.com

Key Metrics TTM

Revenue

$4.6B

+22.0% YoY

Net Income

-$314M

EPS (Diluted)

-$1.26

Free Cash Flow

$1.1B

Revenue / Share

$18.16

Gross Margin

74.3%

Operating Margin

-7.9%

Net Margin

-6.9%

FCF Margin

24.2%

P/S

25.0x

P/E

—

Earnings Reports

FY 2026

Mar 4, 2026

$4.8BEPS -$0.65

Q3 2026

Dec 2, 2025

$1.2B+22.2%EPS -$0.14

Q2 2026

Aug 27, 2025

$1.2B+21.3%EPS -$0.31

Q1 2026

Jun 3, 2025

$1.1B+19.8%EPS -$0.44

Q4 2025

Mar 10, 2025

$1.1B+25.2%EPS -$0.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$338M	$247M	-$47M
Q3 22	$380M	$278M	-$40M
Q4 22	$431M	$318M	-$24M
Q3 23	$581M	$423M	-$56M
Q4 23	$637M	$462M	-$62M
Q1 24	$693M	$523M	-$19M
Q2 24	$732M	$549M	-$15M
Q3 24	$786M	$591M	$3M
Q4 24	$845M	$637M	$30M
Q1 25	$921M	$696M	$7M
Q2 25	$964M	$726M	$14M
Q3 25	$1.0B	$755M	-$56M
Q4 25	$1.1B	$785M	-$85M
Q1 26	$1.1B	$814M	-$125M
Q2 26	$1.2B	$859M	-$113M
Q3 26	$1.2B	$933M	-$38M

Valuation

Quarter	P/S	P/E
Q2 22	56.1x	—
Q3 22	50.9x	—
Q4 22	28.8x	—
Q3 23	21.9x	—
Q4 23	11.7x	—
Q1 24	12.1x	—
Q2 24	14.6x	—
Q3 24	14.7x	—
Q4 24	23.7x	810.7x
Q1 25	22.4x	559.8x
Q2 25	18.0x	371.2x
Q3 25	19.8x	583.9x
Q4 25	25.0x	—
Q1 26	25.4x	—
Q2 26	27.2x	—
Q3 26	30.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$108M	$74M
Q3 22	$159M	$123M
Q4 22	$160M	$127M
Q3 23	$243M	$174M
Q4 23	$273M	$208M
Q1 24	$301M	$228M
Q2 24	$245M	$189M
Q3 24	$274M	$240M
Q4 24	$347M	$273M
Q1 25	$383M	$323M
Q2 25	$327M	$273M
Q3 25	$326M	$231M
Q4 25	$346M	$241M
Q1 26	$384M	$281M
Q2 26	$333M	$285M
Q3 26	$398M	$297M

Capital Expenditures

Quarter	CapEx
Q2 22	$35M
Q3 22	$36M
Q4 22	$32M
Q3 23	$69M
Q4 23	$65M
Q1 24	$73M
Q2 24	$56M
Q3 24	$34M
Q4 24	$74M
Q1 25	$60M
Q2 25	$54M
Q3 25	$95M
Q4 25	$105M
Q1 26	$103M
Q2 26	$48M
Q3 26	$100M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+89.6%	+91.9%
Q3 22	+91.0%	+83.6%
Q4 22	+85.4%	+77.1%
Q3 23	+119.3%	+127.0%
Q4 23	+88.7%	+81.5%
Q1 24	+82.2%	+69.4%
Q2 24	+69.7%	+64.3%
Q3 24	+35.3%	+22.8%
Q4 24	+32.6%	+16.7%
Q1 25	+33.0%	+28.4%
Q2 25	+31.7%	+27.2%
Q3 25	+28.5%	+36.2%
Q4 25	+25.2%	+40.2%
Q1 26	+19.8%	+34.3%
Q2 26	+21.3%	+34.9%
Q3 26	+22.2%	+19.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$76M	22.6%
Q3 22	$87M	22.8%
Q4 22	$93M	21.5%
Q3 23	$140M	24.1%
Q4 23	$152M	23.9%
Q1 24	$131M	18.9%
Q2 24	$165M	22.5%
Q3 24	$160M	20.3%
Q4 24	$176M	20.9%
Q1 25	$183M	19.9%
Q2 25	$201M	20.8%
Q3 25	$209M	20.7%
Q4 25	$273M	25.7%
Q1 26	$254M	23.0%
Q2 26	$287M	24.6%
Q3 26	$282M	22.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 22	$90M	$50M	$154M
Q3 22	$98M	$56M	$165M
Q4 22	$105M	$74M	$163M
Q3 23	$155M	$84M	$240M
Q4 23	$192M	$85M	$246M
Q1 24	$179M	$83M	$281M
Q2 24	$179M	$153M	$231M
Q3 24	$196M	$106M	$286M
Q4 24	$214M	$103M	$290M
Q1 25	$235M	$104M	$350M
Q2 25	$251M	$106M	$355M
Q3 25	$276M	$127M	$408M
Q4 25	$315M	$145M	$410M
Q1 26	$334M	$165M	$440M
Q2 26	$347M	$178M	$447M
Q3 26	$345M	$137M	$481M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 22	89.6%	-9.1%	80.5
Q3 22	91.0%	-5.7%	85.3
Q4 22	85.4%	-0.3%	85.1
Q3 23	119.3%	-2.3%	116.9
Q4 23	88.7%	-1.5%	87.3
Q1 24	82.2%	6.0%	88.3
Q2 24	69.7%	7.3%	77.0
Q3 24	35.3%	10.3%	45.6
Q4 24	32.6%	13.9%	46.5
Q1 25	33.0%	11.8%	44.8
Q2 25	31.7%	12.1%	43.9
Q3 25	28.5%	5.1%	33.6
Q4 25	25.2%	1.7%	26.9
Q1 26	19.8%	-1.7%	18.1
Q2 26	21.3%	0.3%	21.5
Q3 26	22.2%	2.8%	25.0

Rule of 40

Revenue Segments

Quarter	Professional Services	Subscription and Circulation
Q2 22	$22M	$316M
Q3 22	$23M	$357M
Q4 22	$26M	$405M
Q3 23	$34M	$547M
Q4 23	$39M	$598M
Q1 24	$41M	$651M
Q2 24	$42M	$690M
Q3 24	$53M	$733M
Q4 24	$49M	$796M
Q1 25	$49M	$872M
Q2 25	$46M	$918M
Q3 25	$47M	$963M
Q4 25	$50M	$1.0B
Q1 26	$53M	$1.1B
Q3 26	$66M	$1.2B

Revenue by Geography

Quarter	Asia Pacific	Emea	Other Countries	United States
Q2 22	$33M	$47M	$13M	$245M
Q3 22	$37M	$51M	$15M	$277M
Q4 22	$43M	$61M	$21M	$305M
Q3 23	$60M	$86M	$32M	$403M
Q4 23	$65M	$95M	$37M	$440M
Q1 24	$72M	$105M	$41M	$475M
Q2 24	$75M	$112M	$44M	$501M
Q3 24	$81M	$119M	$48M	$538M
Q4 24	$87M	$132M	$52M	$574M
Q1 25	$93M	$142M	$56M	$630M
Q2 25	$98M	$149M	$62M	$655M
Q3 25	$103M	$161M	$63M	$683M
Q4 25	$108M	$168M	$68M	$714M
Q1 26	$113M	$176M	$72M	$742M
Q3 26	$128M	$198M	$82M	$827M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$2.2B	$0	$2.2B
Q2 23	$2.3B	$0	$2.3B
Q3 23	$2.5B	$0	$2.5B
Q4 23	$2.5B	$250M	$2.7B
Q1 24	$2.8B	$100M	$2.9B
Q2 24	$3.2B	$0	$3.2B
Q3 24	$3.0B	$198M	$3.2B
Q4 24	$3.4B	$100M	$3.5B
Q1 25	$3.7B	$0	$3.7B
Q2 25	$4.0B	$0	$4.0B
Q3 25	$4.3B	$0	$4.3B
Q4 25	$4.3B	$0	$4.3B
Q1 26	$4.6B	$0	$4.6B
Q2 26	$5.0B	$0	$5.0B
Q3 26	$4.8B	$0	$4.8B
Q4 26	$5.2B	$0	$5.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	226M	+2.1%	+6.2%
Q3 22	228M	+0.9%	+5.4%
Q4 22	230M	+0.6%	+4.7%
Q3 23	234M	+1.8%	+5.5%
Q4 23	235M	+0.5%	+3.8%
Q1 24	241M	+2.4%	+5.4%
Q2 24	242M	+0.6%	+5.4%
Q3 24	244M	+0.7%	+4.3%
Q4 24	248M	+1.7%	+5.5%
Q1 25	250M	+0.9%	+4.0%
Q2 25	251M	+0.4%	+3.8%
Q3 25	246M	-2.3%	+0.7%
Q4 25	247M	+0.6%	-0.4%
Q1 26	248M	+0.6%	-0.7%
Q2 26	250M	+0.6%	-0.5%
Q3 26	251M	+0.6%	+2.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$99.5K	3K
Q3 22	$112.0K	3K
Q4 22	$86.8K	5K
Q3 23	$117.0K	5K
Q4 23	$87.6K	7K
Q1 24	$95.2K	7K
Q2 24	$100.6K	7K
Q3 24	$108.1K	7K
Q4 24	$106.7K	8K
Q1 25	$116.2K	8K
Q2 25	$121.6K	8K
Q3 25	$127.5K	8K
Q4 25	$104.6K	10K
Q1 26	$109.1K	10K
Q2 26	$115.5K	10K
Q3 26	$122.0K	10K

Revenue / Employee