CRWD (CrowdStrike Holdings, Inc.) Stock Financials & Earnings

CRWDCrowdStrike Holdings, Inc.

Mkt Cap$111B

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

Revenue (TTM)$4.8B

Net Income (TTM)-$183M

EPS (TTM)-$0.74

Free Cash Flow (TTM)$1.2B

Gross Margin74.7%

Op. Margin-5.9%

Net Margin-3.8%

FCF Margin25.8%

P/S Ratio (TTM)23.0x

P/E Ratio (TTM)—

YoY Rev Growth+21.7%

Employees—

Earnings Reports

▶Q4 2026NEW

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

CEO George R. KurtzIPO Jun 12, 2019www.crowdstrike.com

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
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
Q4 26	$1.3B	$989M	-$7M

Valuation

Quarter	P/S	P/E
Q1 24	11.6x	—
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	—
Q4 26	22.9x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
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
Q4 26	$498M	$376M

Capital Expenditures

CapEx

Quarter	CapEx
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
Q4 26	$121M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 24	+42.0%	+39.1%
Q2 24	+36.7%	+28.0%
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%
Q4 26	+23.3%	+14.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
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%
Q4 26	$274M	21.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
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
Q4 26	$368M	$164M	$465M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 24	42.0%	6.0%	48.0
Q2 24	36.7%	7.3%	44.0
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%	-1.3%	20.9
Q4 26	23.3%	-0.5%	22.8

Revenue Segments

Quarter	Professional Services	Subscription and Circulation
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
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 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
Q1 24	241M	+2.4%
Q2 24	242M	+0.6%
Q3 24	244M	+0.7%
Q4 24	248M	+1.7%
Q1 25	250M	+0.9%
Q2 25	251M	+0.4%
Q3 25	246M	-2.3%
Q4 25	247M	+0.6%
Q1 26	248M	+0.6%
Q2 26	250M	+0.6%
Q3 26	251M	+0.6%
Q4 26	258M	+2.7%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 17	—	—
FY 18	—	—
FY 19	—	—
FY 20	$208K	2K
FY 21	$258K	3K
FY 22	$292K	5K
FY 23	$308K	7K
FY 24	$386K	8K
FY 25	$391K	10K
FY 26	$450K	11K