# CrowdStrike Holdings, Inc. (CRWD)

> CrowdStrike sells cloud-based cybersecurity software and expert monitoring services to help organizations detect, block and investigate attacks.

- Exchange: Nasdaq · Sector: Technology · Industry: Software Infrastructure
- Headquarters: Austin, Texas
- Founded: 2011
- Employees: 10,698 (January 31, 2026)
- SEC CIK: 0001535527 ([filings on EDGAR](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001535527))
- Full page: https://inspectstocks.com/stocks/crwd
- Data as of: price 2026-09-29; newest filing used 2026-08-27; latest fiscal period ended 2026-07-31

## Grade

**A** on the growth-and-cash rubric, 5 of 5 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Revenue growing overall | passed | $5.4B | $2.6B |
| Revenue growing recently | passed | $5.4B | $4.8B |
| Free cash flow positive | passed | $1.6B |  |
| Free cash flow growing overall | passed | $1.6B | $842.5M |
| Free cash flow growing recently | passed | $1.6B | $1.3B |

Business quality (the + / − mark): 3 of 6 checks passed.

| Check | Result | Now | Before |
| --- | --- | --- | --- |
| Profitable | passed | 1.1% |  |
| Healthy profit margin | failed | 1.1% |  |
| Strong operating margin | failed | -2.2% |  |
| Good return on equity | failed | 1.3% |  |
| Debt under control | passed | 0.19 |  |
| Turns sales into cash | passed | 29.8% |  |

How the grade works: the letter counts failed checks (none → A, one → B, two → C, three → D, four or more → F). It is built from SEC filings only — the share price never enters it — and describes the business, not whether the stock is worth buying.

## Key figures

In US dollars, as filed.

| Measure | Value |
| --- | --- |
| Revenue, trailing twelve months | $5.4B |
| Net income, trailing twelve months | $58.5M |
| Free cash flow, trailing twelve months | $1.6B |
| Net margin | 1.1% |
| Operating margin | -2.2% |
| Return on equity | 1.3% |
| Debt to equity | 0.19 |
| Diluted EPS, trailing twelve months | $0.22 |
| Share price | $262.71 |
| Market value | $269B |
| Price / earnings | 1,194.1x |
| Price / sales | 49.9x |

## What the business does

CrowdStrike’s Falcon products watch activity on computers, cloud systems and user accounts to find and help stop cyberattacks. Customers install a small piece of monitoring software on their systems; it sends relevant information to CrowdStrike’s cloud service, where artificial intelligence (AI) helps analyze it. Customers pay subscriptions for different security functions, and can also hire CrowdStrike’s specialists to monitor systems, respond to incidents and help recover after a breach.

### How it makes money

- **Subscriptions to Falcon software** (95% (three months ended July 31, 2026)) — Customers pay recurring fees for Falcon and its additional security functions. Prices vary by product, including by device, user, account, cloud system or volume of data; customers are generally billed at the start of a subscription or in installments, while revenue is recorded over the subscription term.
- **Professional services** (5% (three months ended July 31, 2026)) — Customers pay for incident response, investigations, breach recovery, security advice, software deployment and training. Fees are generally based on time worked or a retainer; customers may later also buy Falcon subscriptions.

### Products

- **Falcon endpoint security** — Software installed on computers and servers that looks for suspicious activity and helps block attacks, including attacks that do not use known malware.
- **Falcon Cloud Security** — Security software for applications and systems running in cloud services. It helps find unsafe settings and vulnerabilities and detect attacks while systems are running.
- **Falcon Identity Protection** — Software that watches user accounts and sign-ins for suspicious behavior, such as stolen credentials being used to move through an organization’s systems.
- **Falcon Complete Next-Gen Managed Detection and Response** — A subscription service in which CrowdStrike specialists monitor for attacks, investigate alerts and help respond and recover, including for customers without their own round-the-clock security team.
- **Next-Generation Security Information and Event Management (SIEM) and log management** — Software that brings together security records from different systems so security teams can search them, investigate suspicious activity and respond to incidents.
- **AI Detection and Response** — Software that helps organizations see how employees and automated agents use AI applications, detect potentially harmful or rule-breaking activity, and apply controls to those interactions.

### Customers

- Large companies, smaller businesses and public organizations buy subscriptions for their computers, cloud systems, user accounts and other security needs.
- Customers can buy through CrowdStrike’s sales teams or through resellers, distributors, system integrators and cloud marketplaces.
- Managed security service providers may buy or operate Falcon for multiple organizations, providing those customers with an outsourced security team.
- CrowdStrike reported more than 88,000 organizations, including end customers and customers served through managed security service providers, as of January 31, 2026 (high).
- Annual recurring revenue (ARR), the annualized value of subscription contracts, was $5,841,421,000 (July 31, 2026, high); this is a contract-value measure, not revenue received during that quarter.
- The dollar-based net retention rate, which tracks subscription renewals, expansion, reductions and cancellations among existing customers, was 115% (January 31, 2026, high). The latest quarterly report says this rate improved sequentially but does not give a newer figure in the supplied text.

### Competitors

- Microsoft (MSFT) — Microsoft’s Defender security business is a product division that competes in computer, cloud and identity security.
- Palo Alto Networks (PANW) — Sells security software and services for computers, cloud systems and security operations.
- SentinelOne (S) — Sells software that detects and responds to attacks on computers and cloud systems.
- Fortinet (FTNT) — Sells network security products as well as software for computer and cloud security.
- Zscaler (ZS) — Sells cloud-delivered security services, including tools to control access to applications and protect users.

### What it depends on

- CrowdStrike relies on its cloud service and data-center facilities to host Falcon. The company identifies Amazon Web Services and other third-party data centers, as well as its own colocation facilities, among its hosting resources.
- The company sells through resellers, distributors, managed service providers and other partners, so its ability to reach customers depends in part on those relationships and partners’ performance.
- Most revenue comes from subscriptions, making customer renewals and decisions to add or continue using Falcon functions important to the business.
- Operating its global data centers depends on a limited number of suppliers for some equipment components.

### What could go wrong

- A software update to the Falcon sensor caused some Windows systems to crash. CrowdStrike says the incident has led to lawsuits, claims and inquiries, additional legal and professional expenses, delayed purchasing decisions and longer sales cycles; it says some effects may continue.
- If Falcon fails, has defects or vulnerabilities, or does not detect or prevent attacks as customers expect, customers may lose confidence and the company’s reputation and business could be harmed. CrowdStrike also says it is a target of cyberattacks.
- Customers may delay buying, choose not to renew or buy fewer functions, devices or subscription periods. The company says sales cycles have lengthened and some customer commitment packages have included discounts, extra services or longer subscription periods that can reduce expansion.

## More on this company

- [Overview](https://inspectstocks.com/stocks/crwd)
- [Financial statements](https://inspectstocks.com/stocks/crwd/financials)
- [Competitors](https://inspectstocks.com/stocks/crwd/peers)
- [Earnings](https://inspectstocks.com/stocks/crwd/earnings)

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Source: InspectStocks, built from the company’s own SEC filings. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.