CrowdStrike Holdings, Inc. (CRWD) financials
NASDAQ · Technology · Software - Infrastructure · 11,706 employees · CEO George R. Kurtz
- Price
- $250.43 -4.10%
- Market cap
- $256B
- Enterprise value
- $252B
- Last report
- Q2 '27 filed 2026-08-27
- Next report
- 2026-12-01 EPS est. $0.31
Revenue (TTM)$5.4B+24.3% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)-2.2%+6.5 pp vs a year agoOperating income -$119M
Net income (TTM)$58.5M+119.7% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.57B+51.5% vs a year agoCapex $444M
Diluted EPS (TTM)$0.04+111.8% vs a year agoSum of the last 4 quarters
Net cash$4.19B+0.8% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $256B EV $252B
- Revenue
- $5.4B Trailing 12 months
- Revenue growth
- +25% FY2027 consensus
- Profit margin
- 1.1% Net income / revenue, TTM
- P/E
- 7,114.5× Forward 199.8× (FY2027)
- P/S
- 47.5× Price / sales, TTM
- EV / EBITDA
- 577.4× TTM
- Free cash flow
- $1.57B Trailing 12 months
- Net income
- $58.5M Trailing 12 months
- Revenue estimate
- $6.01B FY2027 consensus
- Earnings
- 2026-12-01 Revenue est. $1.53B
- Dividend
- – No dividend
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-08-26): revenue beat by 2.1%, EPS beat by 6.3%Revenue $1.47B vs $1.44B expected (+2.1%); EPS $0.31 vs $0.29 (+6.3%).
- Revenue growth accelerating: 25.8% year on yearQ2 '27 revenue $1.47B, against an average of 23.1% over the four quarters before.
- Operating margin -2.2% (TTM), +6.5 pp on a year agoOperating income grew 68.4% while revenue grew 24.3%.
- 254.0% of pre-tax profit is non-operatingPre-tax income $77.6M vs operating income -$119M (TTM). Gains on equity stakes and other one-off items lift net income and EPS - operating income is the cleaner measure of the business.
- Capex 8.2% of revenue (a year ago 8.1%)$444M invested in the last 4 quarters (+26.5% on a year earlier). Free cash flow $1.57B = 2,690.6% of net income.
- Returned $197M to shareholders = 12.5% of free cash flowBuybacks $176M (a year earlier $0), dividends $21M, stock-based pay $1.23B (TTM).
- Diluted share count up 3.8% in a year1.04B diluted shares in Q2 '27, 1B a year earlier.
- Net cash $4.19BCash + short-term investments $5.01B, debt incl. leases $820M; a year ago net cash $4.16B.
Last quarter: Q2 '27
Quarter ended 2026-07-31. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q2 '27 | Year ago | Change | |
|---|---|---|---|
| Revenue | $1.47B | $1.17B | +25.8% |
| Gross margin | 74.6% | 73.5% | +1.1 pp |
| Operating income | -$33.2M | -$113M | +70.6% |
| Operating margin | -2.3% | -9.7% | +7.4 pp |
| Net income | $5.31M | -$77.7M | +106.8% |
| Diluted EPS | $0.01 | -$0.08 | +106.6% |
| Operating cash flow | $530M | $333M | +59.3% |
| Capex | $124M | $47.8M | +160.4% |
| Free cash flow | $406M | $285M | +42.4% |
| R&D | $444M | $347M | +28.1% |
| Stock-based compensation | $377M | $287M | +31.3% |
Reported vs consensus
2026-08-26| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $1.47B | $1.44B | +2.1% |
| EPS (as estimated) | $0.31 | $0.29 | +6.3% |
From the report of 2026-08-26 for Q2 '27: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q2 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Subscription And Circulation | $1.4B | +27.0% | 95.2% | – | – | |
| Subscription | – | – | – | – | – | |
| Subscription and Circulation | – | – | – | – | – | |
| Professional Services | $70.6M | +7.0% | 4.8% | – | – | |
| Professional services | – | – | – | – | – |
Revenue by region
share of total| Segment | Q2 '27 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $954M | +21.6% | 64.9% | $3.56B | +21.7% | |
| EMEA | $264M | +40.0% | 17.9% | $917M | +32.1% | |
| Asia Pacific | $158M | +34.3% | 10.7% | $569M | +29.1% | |
| Other Countries | $94.8M | +21.1% | 6.4% | $352M | +24.8% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $2.02B
- Capex
- -$444M
- Buybacks
- -$176M
- Dividends
- -$21M
- Acquisitions
- -$1.27B
- Net debt issued
- $0
- Stock-based compensation
- $1.23B
- Free cash flow
- $1.57B
- Returned to shareholders / FCF
- 12.5%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 7,114.5× | 790.6× 1 of 5 years | 790.6× – 790.6× |
| EV / EBITDA | 577.4× | 378.0× 3 of 5 years | 228.8× – 586.8× |
| EV / Sales | 46.7× | 21.1× | 10.3× – 27.4× |
| Price / FCF | 163.0× | 76.2× | 36.6× – 93.0× |
| Price / Book | 49.9× | 28.4× | 16.9× – 40.0× |
| FCF yield | 0.6% | 1.5% | 1.1% – 2.7% |
| Return on invested capital | -1.6% | -3.3% | -6.5% – 0.7% |
| Return on equity | 1.3% | -7.2% | -22.9% – 3.9% |
Analysts
Consensus target $244.74 (-2.3%)
range $132.00 – $425.00 · rating Buy
Strong buy0
Buy51
Hold14
Sell2
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2027 | $6.01B | +24.8% | $1.25 | +883.5% | 199.8× | 26 |
| FY2028 | $7.38B | +22.9% | $1.60 | +27.9% | 156.2× | 27 |
| FY2029 | $9.03B | +22.3% | $2.09 | +30.7% | 119.6× | 9 |
| FY2030 | $10.5B | +16.7% | $2.44 | +16.5% | 102.6× | 3 |
| FY2031 | $12.4B | +18.0% | $2.94 | +20.3% | 85.3× | 4 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 307 figures CrowdStrike Holdings, Inc. tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $114M | $121M | -5.0% | $105M | $131M | -19.5% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.04B | $887M | +17.1% | $1.36B | $1.13B | +20.7% |
| Accounts Receivable, Allowance for Credit Loss, Current | $3.3M | $3M | +10.0% | $3M | $2.8M | +7.1% |
| Accretion (Amortization) of Discounts and Premiums, Investments | $02026-01-31 | $0 | – | $0 | -$2.29M | +100.0% |
| Accrued Bonuses, Current | $53M | – | – | $45.2M | $42.5M | +6.3% |
| Accrued Liabilities, Current | $220M | $211M | +4.5% | $181M | $191M | -5.4% |
| Accrued Salaries, Current | $147M | – | – | $101M | $69.2M | +45.8% |
| Accrued Sales Commission, Current | $193M | – | – | $207M | $174M | +19.0% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $920M | $642M | +43.4% | $771M | $522M | +47.7% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $15.7M | $6M | +161.4% | $16.8M | -$9.59M | +274.7% |
| Additional Paid in Capital | $6.34B | $5.05B | +25.6% | $5.69B | $4.41B | +29.1% |
| Advertising Expense | – | – | – | $127M | $118M | +7.1% |
| Amortization of Debt Issuance Costs | – | – | – | $4M | $2.2M | +81.8% |
| Amortization of Intangible Assets | $13.3M | $7.6M | +75.0% | $31.2M | $26M | +20.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 193K | 41.7M | -99.5% | 8.87M | 12.4M | -28.5% |
| AOCI, Cash Flow Hedge, Cumulative Gain (Loss), after Tax | $500K | – | – | – | – | – |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $372M | $278M | +33.9% | $1.09B | $853M | +27.3% |
| Assets | $12B | $9.29B | +29.5% | $11.1B | $8.7B | +27.4% |
| Assets, Current | $6.96B | $6.53B | +6.4% | $7.42B | $6.11B | +21.4% |
| Assets, Fair Value Disclosure | $2.28B | – | – | $2.02B | $3.97B | -49.1% |
| Basic Earnings Per Share, Pro Forma | $0.032026-04-30 | -$0.10 | +130.0% | -$0.16 | -$0.02 | -700.0% |
| Business Combination, Contingent Consideration, Liability | $42.3M | $12.3M | +243.9% | $45.4M | $18.4M | +146.7% |
| Capitalized Computer Software, Additions | $21.4M2026-04-30 | $29.5M | -27.5% | $120M | $91.9M | +30.9% |
| Capitalized Computer Software, Amortization | $23.5M2026-04-30 | $17.5M | +34.3% | $79.6M | $54.8M | +45.3% |
| Capitalized Computer Software, Net | $183M2026-04-30 | $156M | +17.1% | $185M | $144M | +28.3% |
| Capitalized Contract Cost, Amortization | $108M | $107M | +1.1% | $449M | $319M | +41.0% |
| Capitalized Contract Cost, Impairment Loss | $0 | $0 | – | $0 | $0 | – |
| Capitalized Contract Cost, Net | $1.19B | $890M | +34.3% | $1.1B | $848M | +30.1% |
| Capitalized Contract Cost, Net, Current | $389M | $373M | +4.4% | $447M | $347M | +28.9% |
| Capitalized Contract Cost, Net, Noncurrent | $806M | $517M | +55.8% | $656M | $501M | +30.9% |
| Cash and Cash Equivalents, at Carrying Value | $5.01B | $4.97B | +0.8% | $5.23B | $4.32B | +21.0% |
| Cash and Cash Equivalents, Fair Value Disclosure | $2.26B | – | – | – | – | – |
| Cash Equivalents, at Carrying Value | $3.1B2026-01-31 | $4B | -22.5% | $3.1B | $4B | -22.5% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $5.18B | $4.97B | +4.1% | $5.31B | $4.32B | +22.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $461M | $358M | +28.6% | $990M | $947M | +4.5% |
| Common Stock, Value, Issued | $512K | $125K | +309.6% | $127K | $124K | +2.4% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $0 | $30K | -100.0% | $1.34M | $2.68M | -50.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$14.7M | -$70M | +79.1% | -$136M | -$23.2M | -487.6% |
| Contract with Customer, Liability | $4.84B | $3.83B | +26.3% | $4.75B | $3.73B | +27.5% |
| Contract with Customer, Liability, Current | $3.5B | $2.78B | +25.7% | $3.42B | $2.73B | +25.2% |
| Contract with Customer, Liability, Noncurrent | $1.35B | $1.05B | +27.7% | $1.33B | $996M | +33.8% |
| Contract with Customer, Liability, Revenue Recognized | $1.3B | $1B | +30.0% | $2.68B | $2.25B | +19.2% |
| Cost of Goods and Services Sold | $374M | $309M | +21.2% | $1.22B | $990M | +23.1% |
| Current Federal Tax Expense (Benefit) | – | – | – | $177K | $431K | -58.9% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $47.5M | $78.1M | -39.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $49M | $81M | -39.6% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $1.34M | $2.49M | -46.2% |
| Debt Issuance Costs, Net | – | – | – | $2.9M2025-01-31 | $4M | -27.5% |
| Deferred Compensation Liability, Current and Noncurrent | $12.7M2026-01-31 | $5.5M | +130.9% | $12.7M | $5.5M | +130.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $59K | $323K | -81.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$15M | -$10M | -50.1% |
| Deferred Income Tax Expense (Benefit) | $3.77M | -$639K | +689.8% | -$14.8M | -$9.9M | -49.4% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $187K | -$204K | +191.7% |
| Deferred Tax Assets, Goodwill and Intangible Assets | $104M2026-01-31 | $118M | -11.5% | $104M | $118M | -11.5% |
| Deferred Tax Assets, Gross | $1.89B2026-01-31 | $1.48B | +27.9% | $1.89B | $1.48B | +27.9% |
| Deferred Tax Assets, in Process Research and Development | $463M2026-01-31 | $474M | -2.2% | $463M | $474M | -2.2% |
| Deferred Tax Assets, Net | $28.9M2026-01-31 | $14.6M | +98.3% | $28.9M | $14.6M | +98.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $366M2026-01-31 | $274M | +33.3% | $366M | $274M | +33.3% |
| Deferred Tax Assets, Operating Loss Carryforwards | $676M2026-01-31 | $400M | +68.8% | $676M | $400M | +68.8% |
| Deferred Tax Assets, Tax Credit Carryforwards, Research | $211M2026-01-31 | $144M | +46.3% | $211M | $144M | +46.3% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-07-31, 10-Q 2026-04-30, 10-K 2026-01-31, 10-Q 2025-10-31, 10-Q 2025-07-31, 10-Q 2025-04-30, 10-K 2025-01-31, 10-Q 2024-10-31, 10-Q 2024-07-31
Data as of 2026-11-01