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CrowdStrike (CRWD) stock

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NASDAQ: CRWD Nasdaq Systems Software Next results ~December 1, 2026

CrowdStrike, founded in 2011, is a cybersecurity company whose Falcon platform uses cloud-based artificial intelligence to detect and stop breaches. A single lightweight sensor installed on endpoints and cloud workloads collects data that feeds the platform's 33 cloud modules, covering endpoint and cloud-workload security, identity protection, security information and event management (SIEM), log management, data protection, threat intelligence and workflow automation, including a generative-AI assistant, Charlotte AI.

Customers range from large enterprises to small businesses, plus US federal, state and local government bodies; the platform holds a FedRAMP authorisation and a Department of Defense Impact Level 5 provisional authorisation, and 25 of the 50 US states have standardised on it at enterprise level. CrowdStrike earns revenue mainly through subscriptions to its cloud-delivered modules, sold directly and through channel partners, managed service providers, and marketplaces run by Amazon, Google and Microsoft.

The company sells internationally, with operations across Europe, the Middle East and Asia-Pacific, including Japan, alongside its US home market, and also provides managed detection and response services, such as Falcon Complete, for customers with limited in-house security expertise.

Based on CrowdStrike's 10-K filed March 5, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: every model's value for CrowdStrike is far from the share price, which usually points to a data problem (a merger, a share-count change, a one-off) rather than a bargain or a bubble.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

CrowdStrike valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter CrowdStrike files

Where CrowdStrike stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $5.40bn, up 24.3% on a year earlier, faster than 23.2% a quarter earlier. Free-cash-flow margin rose to 29.8% from 25.5% a year earlier. Operating margin widened to -2.2% from -8.3%. The diluted share count is down 56.5% on a year earlier, which lifts each remaining share. It passes 6 of our 7 financial-health checks.

Our model value for CrowdStrike is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 1, 2026 (estimated)

CrowdStrike's trailing-twelve-month revenue grew 24.3% year on year, with a free-cash-flow margin of 28.3%.

Our discounted-cash-flow model values the business at ~$45 per share in the base case (~$35–$58 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Operating margin expanding: TTM operating margin reached -2.2%, up 6.1pp year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 24.3% over the last 12 months.
  • Margins widening. Operating margin is up 6.1 points on a year ago.
  • Strong cash generation. 28.3% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 1.3% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $4.3bn.

Things to watch

  • Loss-making. Operating margin is -2.2%: costs exceed revenue.
  • Heavy stock-based pay. Stock pay equals 22.8% of revenue: a real cost that cash-flow figures leave out.
  • Volatile shares. Over the past year the shares showed annualised volatility of 56% and a beta of 1.6 against the S&P 500.
  • Insiders selling. 10 insiders sold $786M of stock over the past 365 days and none bought (80% under pre-set trading plans).

Latest results: FY2027 Q2

Filed August 27, 2026
Earnings per share
$0.31 against an average estimate of $0.29: beat by 6.4%
Revenue
$1.47bn, up 25.8% on a year earlier
Share reaction
+23.0% in the first session after the results on August 26, 2026, against +0.7% for the S&P 500
Guidance given
annual recurring revenue $6,184.4m to $6,188.4m (third quarter of fiscal 2027); annual recurring revenue $6,603m to $6,611.9m (fiscal year 2027)
Next report
December 1, 2026; average EPS estimate $0.31

CrowdStrike's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week-8.7%
  • 1 month-9.4%
  • This year+106.3%
  • 1 year+77.3%
  • 5 years+249.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.4B
Operating margin
-2.2%
Net margin
1.1%
EPS (TTM, diluted)
$0.06

Growth

Revenue growth
+24.3%
Change in growth rate
+1.1 pts
Share count change
−1.3%

Cash

Free cash flow (TTM)
$1.5B
FCF margin
28.3%
Stock pay % of revenue
22.8%

Earnings

Last results
August 26, 2026
Next results (est.)
December 1, 2026

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Announcement
  4. Announcement
  5. Announcement
  6. Announcement
  7. Announcement
  8. Product
  9. Announcement
  10. Insider trade
  11. Results
  12. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

CrowdStrike valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

Our value per share comes from a discounted-cash-flow model of CrowdStrike's free cash flow after stock-based pay ( $314M, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value CrowdStrike as an operating company, with every model that fits that kind of business. Cost of equity 11.2%: the 10-year Treasury yield (4.9%) plus a beta of 1.4 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$45 ~$35–$58 Left out: out of range vs price (0.19x)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$27 ~$19–$55 Left out: out of range vs price (0.11x)
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: This model is withheld pending its input or assumption review.
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: This model is withheld pending its input or assumption review.
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare CrowdStrike with Systems Software in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2020202120222023202420252026
Share price$15.27$53.95$45.16$26.48$73.12$99.52$110.35
Market value$2.3bn$11.7bn$10.3bn$6.2bn$17.8bn$24.4bn$27.7bn
+ Net debt (− = net cash)−$265m−$1.9bn−$2.0bn−$2.5bn−$3.4bn−$4.3bn−$5.2bn
Enterprise value$2.0bn$9.8bn$8.3bn$3.7bn$14.4bn$20.0bn$22.4bn
Multiples
Price / sales 4.7x13.4x7.1x2.8x5.8x6.2x5.7x
Price / earnings ————n/m——
Price / free cash flow 114.5x38.7x22.2x8.7x18.0x21.6x21.1x
EV / EBITDA ———————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

64 /100

Moderate moat

How hard CrowdStrike's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 18.9% of total assets over 7 years.

  • Pricing power 20 / 20

    Gross margin has been a median 74.0%, moving by 2.0 percentage points (standard deviation) across 8 years.

  • Durability 10 / 20

    Operating margin has been a median -7.9%; its worst year was -42.7%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 7 of 8 years, at a median 29.0% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 129.5% over five years; stock-based pay has been a median 21.6% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (69 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: December 1, 2026, after the close. Analysts expect revenue of $1.5bn and EPS of $0.31 (range $0.31 to $0.33) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.26 +35% $6.0bn +25%
Next $1.61 +28% $7.4bn +23%

Next year's EPS estimate has moved −1.0% in 90 days, across 53 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.9% on 90 days ago. In the last 30 days, 48 analysts raised CrowdStrike's forecast and 1 cut it.

Consensus EPS forecast CrowdStrike, last 90 days
$1.20 $1.30 $1.40 $1.50 $1.60 $1.70 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.28 Current fiscal year, 60 days ago: $1.31 Current fiscal year, 30 days ago: $1.26 Current fiscal year, 7 days ago: $1.26 Current fiscal year, Now: $1.26 $1.26 Next fiscal year, 90 days ago: $1.63 Next fiscal year, 60 days ago: $1.65 Next fiscal year, 30 days ago: $1.61 Next fiscal year, 7 days ago: $1.61 Next fiscal year, Now: $1.61 $1.61

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.28$1.63
60 days ago $1.31$1.65
30 days ago $1.26$1.61
7 days ago $1.26$1.61
Now $1.26$1.61

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $0.29 $0.31 +6.4%
Apr 2026 $0.27 $0.28 +3.0%
Jan 2026 $0.28 $0.28 +1.6%
Oct 2025 $0.24 $0.24 +2.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 26, 2026
  • Total revenue fiscal year 2027 $5,991m to $6,011m Raised
    “Total revenue $1,523.2 - $1,529.2 million $5,991.1 - $6,011.1 million” source
  • Total revenue third quarter of fiscal 2027 $1,523m to $1,529m New
    “Total revenue $1,523.2 - $1,529.2 million $5,991.1 - $6,011.1 million” source
  • Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted fiscal year 2027 $1.25 to $1.26 Non-GAAP Raised
    “Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.31 $1.25 - $1.26” source
  • Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted third quarter of fiscal 2027 about $0.31 Non-GAAP New
    “Non-GAAP net income per share attributable to CrowdStrike common stockholders, diluted $0.31 $1.25 - $1.26” source
  • Annual recurring revenue fiscal year 2027 $6,603m to $6,612m Raised
    “Annual recurring revenue $6,184.4 - $6,188.4 million $6,603.0 - $6,611.9 million” source
  • Non-GAAP income from operations fiscal year 2027 $1,497m to $1,508m Non-GAAP Raised
    “Non-GAAP income from operations $372.7 - $375.9 million $1,497.2 - $1,508.4 million” source
Show 9 more items
  • Non-GAAP net income attributable to CrowdStrike fiscal year 2027 $1,303m to $1,312m Non-GAAP Raised
    “Non-GAAP net income attributable to CrowdStrike $325.4 - $327.9 million $1,302.7 - $1,311.6 million” source
  • Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted fiscal year 2027 about 1,044m Raised
    “Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted 1,048 million 1,044 million” source
  • Non-GAAP tax rate fiscal year 2027 about 21% Non-GAAP Raised
    “Non-GAAP tax rate 21.0% 21.0%” source
  • net new ARR growth guidance FY27 about 34% growth Raised
    “Increases FY27 net new ARR growth guidance by 630 basis points to 34% year-over-year growth at the midpoint” source
  • Annual recurring revenue third quarter of fiscal 2027 $6,184m to $6,188m New
    “Annual recurring revenue $6,184.4 - $6,188.4 million $6,603.0 - $6,611.9 million” source
  • Non-GAAP income from operations third quarter of fiscal 2027 $373m to $376m Non-GAAP New
    “Non-GAAP income from operations $372.7 - $375.9 million $1,497.2 - $1,508.4 million” source
  • Non-GAAP net income attributable to CrowdStrike third quarter of fiscal 2027 $325m to $328m Non-GAAP New
    “Non-GAAP net income attributable to CrowdStrike $325.4 - $327.9 million $1,302.7 - $1,311.6 million” source
  • Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted third quarter of fiscal 2027 about 1,048m New
    “Weighted average shares used in computing non-GAAP net income per share attributable to common stockholders, diluted 1,048 million 1,044 million” source
  • Non-GAAP tax rate third quarter of fiscal 2027 about 21% Non-GAAP New
    “Non-GAAP tax rate 21.0% 21.0%” source

How earlier guidance turned out

  • Total revenue, second quarter of fiscal 2027 guided $1,436m to $1,442m Above range: $1,471m

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows CrowdStrike's revenue by +23.2% next year and +21.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+24.2%, weight 58%) , management guidance (+24.0%, weight 18%) and the company's own record (+20.0%, weight 24%) . How the weights are set.

Analyst recommendations

53 analysts, Oct 2026
Buy4075%
Hold1223%
Sell12%

Monthly trend

  1. Oct 202610301253
  2. Sep 202610301253
  3. Aug 202610301253
  4. Jul 202610311153

Counts of recommendations published by analysts covering CrowdStrike, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.4%
of tradable shares
Days to cover
2.49
at average volume
Short interest, 1 month
−14%
to October 15, 2026
Held by institutions
78%
of shares
Held by insiders
1.3%
of shares
Employees
11,706
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +78.1%

$135.75 on October 31, 2025 to $241.81

ThenNowEffect
Revenue (last 12 months) $4.3bn $5.4bn +24.3%
P/S multiple 30.5x 45.7x +49.8%
Share count 976m 1020m −4.3%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +413.8%

$47.06 on November 3, 2023 to $241.81

ThenNowEffect
Revenue (last 12 months) $2.6bn $5.4bn +104.2%
P/S multiple 16.9x 45.7x +169.8%
Share count 952m 1020m −6.7%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
CRWD−3%−49%+143%+34%+37%+106%
Industry peers (median)+26%−40%+29%+22%−1%+25%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
CRWD67%33%83%67%50%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
CRWD−34%−58%−15%−44%−32%−27%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since June 12, 2019: 68% from November 9, 2021 to January 6, 2023. Getting back needed a 210% gain, reached on January 22, 2024, 381 days after the low.

Price behaviour

52-week range
$87.56 – $278.86
From 52-week high
−13.3%
vs 50-day average
+0.2%
vs 200-day average
+44.0%
Volatility (1 year)
56%
Beta vs S&P 500
1.56

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.5%
After a week
6 up, 6 down
typical move ±7.9%
After a month
8 up, 4 down
typical move ±9.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 26, 2026 +23.0% +0.7% +9.7% +36.0%
June 3, 2026 −6.5% −0.3% −15.8% +3.7%
March 3, 2026 +5.9% −0.2% +13.4% +2.2%
December 2, 2025 +4.0% +0.5% +2.7% −10.0%
August 27, 2025 +5.8% +0.6% −1.2% +15.3%
June 3, 2025 −3.9% +0.5% −2.4% +7.3%
May 7, 2025 −3.3% +1.1% −1.6% +5.7%
March 4, 2025 −4.5% −0.1% −13.8% −2.9%
November 26, 2024 −4.4% +0.2% +0.1% −2.4%
August 28, 2024 +0.7% −0.6% −5.0% +5.9%
June 4, 2024 +10.8% +1.3% +24.6% +26.2%
March 5, 2024 +5.0% −0.5% +4.9% −1.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) CrowdStrike
$2B $3B $4B $5B $6B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $2.8B Revenue (TTM), FY24 Q4: $3.1B Revenue (TTM), FY25 Q1: $3.3B Revenue (TTM), FY25 Q2: $3.5B Revenue (TTM), FY25 Q3: $3.7B Revenue (TTM), FY25 Q4: $4B Revenue (TTM), FY26 Q1: $4.1B Revenue (TTM), FY26 Q2: $4.3B Revenue (TTM), FY26 Q3: $4.6B Revenue (TTM), FY26 Q4: $4.8B Revenue (TTM), FY27 Q1: $5.1B Revenue (TTM), FY27 Q2: $5.4B $5.4B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $2.8B
FY24 Q4 $3.1B
FY25 Q1 $3.3B
FY25 Q2 $3.5B
FY25 Q3 $3.7B
FY25 Q4 $4B
FY26 Q1 $4.1B
FY26 Q2 $4.3B
FY26 Q3 $4.6B
FY26 Q4 $4.8B
FY27 Q1 $5.1B
FY27 Q2 $5.4B
Revenue growth, TTM YoY CrowdStrike
20% 25% 30% 35% 40% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 39.9% Revenue growth, TTM YoY, FY24 Q4: 36.3% Revenue growth, TTM YoY, FY25 Q1: 34.3% Revenue growth, TTM YoY, FY25 Q2: 33.1% Revenue growth, TTM YoY, FY25 Q3: 31.4% Revenue growth, TTM YoY, FY25 Q4: 29.4% Revenue growth, TTM YoY, FY26 Q1: 25.9% Revenue growth, TTM YoY, FY26 Q2: 23.5% Revenue growth, TTM YoY, FY26 Q3: 22.0% Revenue growth, TTM YoY, FY26 Q4: 21.7% Revenue growth, TTM YoY, FY27 Q1: 23.2% Revenue growth, TTM YoY, FY27 Q2: 24.3% 24.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 39.9%
FY24 Q4 36.3%
FY25 Q1 34.3%
FY25 Q2 33.1%
FY25 Q3 31.4%
FY25 Q4 29.4%
FY26 Q1 25.9%
FY26 Q2 23.5%
FY26 Q3 22.0%
FY26 Q4 21.7%
FY27 Q1 23.2%
FY27 Q2 24.3%
Operating margin (TTM) CrowdStrike
-10% -5% 0% 5% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: -3.3% Operating margin (TTM), FY24 Q4: -0.6% Operating margin (TTM), FY25 Q1: 0.2% Operating margin (TTM), FY25 Q2: 1.0% Operating margin (TTM), FY25 Q3: -0.6% Operating margin (TTM), FY25 Q4: -2.9% Operating margin (TTM), FY26 Q1: -5.9% Operating margin (TTM), FY26 Q2: -8.3% Operating margin (TTM), FY26 Q3: -8.2% Operating margin (TTM), FY26 Q4: -5.8% Operating margin (TTM), FY27 Q1: -3.8% Operating margin (TTM), FY27 Q2: -2.2% -2.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 -3.3%
FY24 Q4 -0.6%
FY25 Q1 0.2%
FY25 Q2 1.0%
FY25 Q3 -0.6%
FY25 Q4 -2.9%
FY26 Q1 -5.9%
FY26 Q2 -8.3%
FY26 Q3 -8.2%
FY26 Q4 -5.8%
FY27 Q1 -3.8%
FY27 Q2 -2.2%
FCF margin (TTM) CrowdStrike
22% 24% 26% 28% 30% 32% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 30.4% FCF margin (TTM), FY24 Q4: 30.8% FCF margin (TTM), FY25 Q1: 31.5% FCF margin (TTM), FY25 Q2: 31.8% FCF margin (TTM), FY25 Q3: 29.7% FCF margin (TTM), FY25 Q4: 27.0% FCF margin (TTM), FY26 Q1: 24.8% FCF margin (TTM), FY26 Q2: 23.9% FCF margin (TTM), FY26 Q3: 24.2% FCF margin (TTM), FY26 Q4: 25.8% FCF margin (TTM), FY27 Q1: 28.1% FCF margin (TTM), FY27 Q2: 28.3% 28.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 30.4%
FY24 Q4 30.8%
FY25 Q1 31.5%
FY25 Q2 31.8%
FY25 Q3 29.7%
FY25 Q4 27.0%
FY26 Q1 24.8%
FY26 Q2 23.9%
FY26 Q3 24.2%
FY26 Q4 25.8%
FY27 Q1 28.1%
FY27 Q2 28.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Jan 2018 2019 Jan 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Jan 2023 2024 Jan 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 119 250 481 874 1,452 2,241 3,056 3,954 4,812 5,396
Gross profit 64 163 340 645 1,068 1,640 2,297 2,963 3,593 4,060
Operating income −131 −137 −146 −93 −143 −190 −19 −116 −293 −119
Net income −135 −140 −142 −93 −235 −183 72 −15 −163 58
Diluted EPS −$3.38 −$3.12 −$0.96 −$0.43 −$1.03 −$0.79 $0.30 −$0.06 −$0.65 —
Growth (year on year)
Revenue — +110.4% +92.7% +81.6% +66.0% +54.4% +36.3% +29.4% +21.7% +24.3%
Net income — — — — — — — −121.1% — —
Diluted EPS — — — — — — — −120.0% — —
Margins
Gross margin 54.1% 65.1% 70.6% 73.7% 73.6% 73.2% 75.2% 75.0% 74.7% 75.2%
Operating margin −110.7% −54.8% −30.3% −10.6% −9.8% −8.5% −0.6% −2.9% −6.1% −2.2%
Net margin −114.1% −56.1% −29.5% −10.6% −16.2% −8.2% 2.4% −0.4% −3.4% 1.1%
Free-cash-flow margin −68.8% −23.5% 4.1% 34.7% 31.9% 31.5% 32.4% 28.5% 27.2% 29.8%
Cash flow
Cash from operations −59 −23 100 357 575 941 1,166 1,382 1,612 2,017
Capital spending 23 36 80 53 112 235 177 255 302 408
Free cash flow −82 −59 20 304 463 706 990 1,127 1,310 1,609
Stock-based pay 12 21 80 150 310 527 649 861 1,097 1,232
Free cash flow after stock pay −94 −79 −60 154 153 179 341 265 214 377
Balance sheet
Cash 63 88 265 1,919 1,997 2,455 3,375 4,323 5,230 5,014
Total debt — — — — — — — — — 746
Net debt (negative = net cash) −63 −88 −265 −1,919 −1,997 −2,455 −3,375 −4,323 −5,230 −4,268
Diluted shares 42m 45m 148m 218m 227m 233m 244m 245m 251m —
Returned to shareholders
Buybacks 0 2 0 0 — — — — — —
Total returned 0 2 0 0 — — — — — —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

6 of 7 checks passed · July 31, 2026
What it owns · $12.0bn
Short-term assets $7.0bnLonger-term assets $5.1bn
What it owes, and who funded it · $12.0bn
Short-term liabilities $4.4bnLonger-term liabilities $2.5bnShareholders' equity $5.1bn
  • Short-term assets cover short-term liabilities $7.0bn of assets due within a year against $4.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $7.0bn short-term assets against $2.5bn of longer-dated liabilities.
  • More cash than debt $5.0bn of cash against $746m of debt.
  • Debt below 40% of shareholders' equity Debt is 15% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 72% to 15% over five years.
  • A year's operating cash flow covers at least 20% of debt $2.0bn of operating cash flow against $746m of debt.
  • Operating profit covers interest at least five times over Operating income of −$119m against $27m of interest.

From CrowdStrike's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
−1.3%
year over year
R&D spending
28.8%
of revenue
Days sales outstanding
70 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in systems software
Last 12 months unless stated CRWD GEN DOX FTNT PAGS ZS Median
Revenue, last 12 months $5.4bn $5.2bn $4.5bn $7.9bn $3.7bn $3.4bn $1.1bn
Revenue growth, last 12 months 24.3% 16.9% −9.4% 20.2% 4.3% 25.4% 17.4%
Revenue growth, 3-year average 26.9% 11.7% −0.3% 15.1% — 27.5% 16.1%
Revenue growth, latest quarter 25.8% 12.2% −9.0% 20.5% — 24.9% 20.5%
Gross margin 75.2% 77.4% 38.0% 79.7% 49.0% 76.8% 69.9%
Operating margin −2.2% 41.8% 16.1% 33.0% — −4.0% 3.6%
Operating margin, 3-year average −3.2% 39.8% 14.0% 30.8% — −4.8% 2.3%
Net margin 1.1% 23.1% 12.5% 29.0% 10.4% −1.9% 1.7%
Cash from operations / revenue 37.4% 34.0% 16.5% 46.8% 37.1% 33.7% 16.9%
Free-cash-flow margin 28.3% 33.7% 14.2% 43.5% 32.0% 25.4% 15.9%
Free-cash-flow margin, 3-year average 28.0% 39.3% 16.3% 34.5% 16.3% 28.3% 21.3%
Stock pay / revenue 22.8% 4.3% 2.3% 3.9% 0.5% 24.5% 8.5%
Change in share count −1.3% −2.4% −3.8% −3.7% −6.8% 3.8% 2.4%

Median of all 38 companies we cover in systems software. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to January 31, 2026
Products and services
Line of business Revenue Share YoY
Subscriptions $4.6B 94.9% ▲ 21.4%
Professional Services $247M 5.1% ▲ 28.7%
Geography
Region Revenue Share YoY
United States $3.2B 66.8% ▲ 19.9%
EMEA $783M 16.3% ▲ 26.3%
Asia Pacific $496M 10.3% ▲ 23.2%
Other Countries $317M 6.6% ▲ 27.4%

From CrowdStrike's 10-K filed March 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$143B
Institutions reporting
2,392
Shares held vs prior quarter
▲ 5.7%
Positions opened / closed
474 / 128

Top buyers and sellers, Q2 2026: 1,296 institutions bought and 961 sold ; the biggest buyer was Jpmorgan Chase & Co (+4.6M shares) and the biggest seller Jane Street Group, LLC (−901K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $16.7B 21.8M 11.7% ▲ 2.2%
Vanguard Capital Management LLC $12.4B 16.2M 8.7% ▲ 1.5%
State Street Corp $8.8B 11.6M 6.2% ▲ 4.0%
Invesco Ltd. $6.4B 8.4M 4.5% ▲ 9.6%
Jpmorgan Chase & Co $6.1B 8.2M 4.2% ▲ 127.8%
FMR LLC $6B 7.8M 4.2% ▲ 128.1%
Morgan Stanley $5B 6.5M 3.5% ▼ 1.0%
Geode Capital Management, LLC $4.6B 6.1M 3.2% ▲ 1.4%
Vanguard Portfolio Management LLC $4.5B 6.0M 3.2% ▼ 1.3%
Price T Rowe Associates Inc $3.3B 4.3M 2.3% ▲ 3.8%
Jennison Associates LLC $2.9B 3.8M 2.0% ▼ 1.8%
Norges Bank $2.8B 3.7M 2.0% —

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not CrowdStrike's complete shareholder register. Values are as reported by the filers ; 56 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $786M 2253 trades by 10 insiders · 80% under pre-set plans
Net ▼ $786M net selling
Insider Date Trade Shares Price Value
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 80 $259.78 $20,782
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 200 $258.56 $51,712
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 440 $257.27 $113,199
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 240 $256.27 $61,505
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 680 $255.38 $173,658
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 958 $254.38 $243,696
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 762 $253.46 $193,137
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 536 $252.11 $135,131
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 624 $251.25 $156,780
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 960 $250.32 $240,307
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 640 $249.25 $159,520
Kurtz George PRESIDENT AND CEO October 30, 2026 Sell pre-set plan 1,657 $248.10 $411,102

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 60 trades and filings

In the last 12 months, 2 members of Congress disclosed 5 purchases and 1 sale of CrowdStrike shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded August 7, 2026, filed September 10, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded July 17, 2026, filed September 4, 2026
  • Josh Gottheimer(D-NJ 5):Purchase, $1,001 - $15,000, traded July 15, 2026, filed August 10, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 1, 2026 estimated from the company's past filing pattern, not announced

  • August 26, 2026
  • June 3, 2026
  • March 3, 2026
  • December 2, 2025
  • August 27, 2025
  • June 3, 2025

Recent SEC filings

Data status

When each part of this page on CrowdStrike was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

CrowdStrike in brief

What does CrowdStrike do?
CrowdStrike is a US-listed company in the systems software industry. Its financial year ends in January.
What is CrowdStrike's stock ticker?
CrowdStrike trades under the ticker CRWD on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is CrowdStrike's revenue, and how fast is it growing?
Over its most recent trailing twelve months, CrowdStrike reported revenue of $5.4B, 24.3% higher than a year earlier, according to its SEC filings.
What is CrowdStrike's free cash flow?
CrowdStrike's free-cash-flow margin is 28.3% of revenue over the trailing twelve months.
Who are CrowdStrike's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and State Street Corp. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is CrowdStrike's market cap?
On January 30, 2026, CrowdStrike's market capitalisation was about $27.7B and net debt of -$5.2B. Market figures come from third-party market data and may be delayed.
How much debt does CrowdStrike have?
CrowdStrike's debt-to-equity ratio is 14.6%, from its latest balance sheet (72.1% five years earlier). The financial health section below sets out its other solvency checks.
Who are CrowdStrike's competitors?
In our Systems Software peer group, the companies closest to CrowdStrike are Gen Digital Inc., Amdocs LTD, Fortinet, Pagseguro Digital Ltd. and Zscaler, Inc. The side-by-side comparison below sets their revenue, margins and growth against CrowdStrike's.
Are insiders buying or selling CrowdStrike stock?
Over the last 12 months, CrowdStrike's directors and officers reported 0 open-market purchases and 2253 sales on Form 4. The insider trading page charts every trade.
When is CrowdStrike's next earnings date?
Around December 1, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — CrowdStrike announces its own schedule.