CrowdStrike
CRWD · NasdaqServices-Prepackaged Software · Fiscal year ends Jan 31
CrowdStrike reported revenue of $4.8B in the fiscal year ended Jan 2026, up 21.7% from the year before. Operating income was −$293M, an operating margin of −6.1%, and net income was −$163M. Operating cash flow of $1.6B less capital expenditure of $302M left free cash flow of $1.3B. It held more cash than debt (net cash $4.5B).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $1.5B | $2.2B | $3.1B | $4B | $4.8B |
| Cost of revenue | $383M | $601M | $759M | $990M | $1.2B |
| Gross profit | $1.1B | $1.6B | $2.3B | $3B | $3.6B |
| Research & development | $371M | $608M | $780M | $1.1B | $1.4B |
| Operating income | −$143M | −$190M | −$19M | −$116M | −$293M |
| Interest expense | $25M | $25M | $26M | $26M | $28M |
| Pre-tax income | −$160M | −$160M | $106M | $59M | −$127M |
| Income tax | $72M | $22M | $32M | $71M | $34M |
| Net income | −$235M | −$183M | $72M | −$15M | −$163M |
| Diluted EPS | −1.03 | −0.79 | 0.30 | −0.06 | −0.65 |
| Diluted shares | 227M | 233M | 244M | 245M | 251M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $2B | $2.5B | $3.4B | $4.3B | $5.2B |
| Receivables | $368M | $626M | $853M | $1.1B | $1.4B |
| Current assets | $2.6B | $3.6B | $4.8B | $6.1B | $7.4B |
| Net PP&E | $261M | $492M | $620M | $789M | $976M |
| Goodwill | $416M | $431M | $638M | $913M | $1.4B |
| Total assets | $3.6B | $5B | $6.6B | $8.7B | $11.1B |
| Payables | $48M | $45M | $28M | $131M | $105M |
| Deferred revenue | $1.1B | $1.7B | $2.3B | $2.7B | $3.4B |
| Current liabilities | $1.4B | $2.1B | $2.7B | $3.5B | $4.2B |
| Long-term debt | $740M | $741M | $742M | $744M | $745M |
| Total liabilities | $2.6B | $3.5B | $4.3B | $5.4B | $6.6B |
| Shareholders' equity | $1B | $1.5B | $2.3B | $3.3B | $4.4B |
| Backlog (remaining obligations) | $2.3B | $3.4B | $4.6B | $6.5B | $9B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $575M | $941M | $1.2B | $1.4B | $1.6B |
| Capital expenditure | $112M | $235M | $177M | $255M | $302M |
| Free cash flow | $463M | $706M | $990M | $1.1B | $1.3B |
| Stock-based compensation | $310M | $527M | $649M | $861M | $1.1B |
| Acquisitions | $415M | $18M | $239M | $310M | $382M |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Jan 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 54.4% | 36.3% | 29.4% | 21.7% |
| EPS growth (YoY) | – | – | – | −120.0% | – |
| Gross margin | 73.6% | 73.2% | 75.2% | 75.0% | 74.7% |
| Operating margin | −9.8% | −8.5% | −0.6% | −2.9% | −6.1% |
| Net margin | −16.2% | −8.2% | 2.4% | −0.4% | −3.4% |
| Return on equityBlank when equity is negative | −22.9% | −12.5% | 3.1% | −0.5% | −3.7% |
| ROCEEBIT ÷ (assets − current liabilities) | −6.4% | −6.5% | −0.5% | −2.2% | −4.2% |
| Free cash flow margin | 31.9% | 31.5% | 32.4% | 28.5% | 27.2% |
| Cash conversion (CFO ÷ net income) | −2.45x | −5.14x | 16.2x | −90.7x | −9.92x |
| Receivable days | 93 | 102 | 102 | 104 | 103 |
| Payable days | 45 | 28 | 14 | 48 | 32 |
| Interest cover | −5.65x | −7.51x | −0.74x | −4.42x | −10.5x |
| Debt ÷ equity | 0.72x | 0.51x | 0.32x | 0.23x | 0.17x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$1.3B | −$1.7B | −$2.6B | −$3.6B | −$4.5B |
| Current ratio | 1.83x | 1.73x | 1.76x | 1.77x | 1.77x |
Recent filings
More in Services-Prepackaged Software
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.