CrowdStrike Holdings, Inc.CRWD

CrowdStrike Holdings, Inc. Financial Overview 2022–2026

Updated Jul 10, 2026

Despite a catastrophic software update that disrupted global systems, CrowdStrike’s Annual Recurring Revenue climbed 24% to reach $5.3 billion in FY2026. This sustained momentum underscores a critical investment reality: the company's AI-native security platform is so deeply entrenched in enterprise infrastructure that it continues capturing market share despite severe reputational and legal headwinds.

The company's top-line trajectory has been relentless, as total revenue expanded from $1.45 billion in FY2022 to $4.81 billion in FY2026. Customers consistently increased their spending, driving a 115% dollar-based net retention rate at the end of FY2026. However, fallout from the July 2024 incident severely compressed the bottom line. Surging legal and administrative costs caused CrowdStrike to swing from a $89.3 million net income in FY2024 to a net loss of $162.5 million in FY2026. To support ongoing growth and weather elongated sales cycles, the business relies on a formidable balance sheet holding $5.2 billion in cash and cash equivalents.

At the close of FY2026, the stock traded at $110.35 per share. Generating a net loss of $-0.16 per share for the fiscal year, CrowdStrike lacked a positive price-to-earnings multiple at period end. The market valuation reflects a fundamental tension between the company's 21% subscription revenue growth and the near-term margin pressure of its incident recovery efforts.

Recent Developments (Q4 2026 and Q1 2027)

CrowdStrike rebounded to profitability in Q1 2027, generating $27.8 million in net income compared to a $104.3 million net loss in the prior-year period. Total quarterly revenue jumped 26% year-over-year to $1.39 billion, while Annual Recurring Revenue expanded to $5.51 billion. The company supplemented this momentum with a 4-for-1 stock split announced in June 2026 and expanded its share repurchase program by $500 million. Management also integrated newly acquired SGNL.AI and Seraphic Algorithms to expand platform capabilities.

Bulls argue that the swift return to positive net income demonstrates the underlying operating leverage of the core cybersecurity platform. Conversely, bears warn that lingering incident-related legal expenses could still pressure future sales cycles. Trading at $179.77 per share, the stock appears richly valued and lacked a positive price-to-earnings multiple as of June 4, 2026 due to trailing unprofitability.

What to watch: progress on the expanded $1.5 billion share repurchase program; potential elongation of enterprise sales cycles stemming from legacy incident fallout.

Rev

$4.81B

+21.7% YoY

FY2026

NI

$-161.2M

-1182.5% YoY

FY2026

EPS

$-0.16

-983.3% YoY

FY2026

OCF

$1.61B

+16.7% YoY

FY2026

Revenue Trend
Beta

Year-over-year comparison from 10-K annual reports

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Data from SEC Company Facts

All CRWD Financial Metrics(58)

Recent SEC Filings

CrowdStrike Holdings, Inc. 8-K Report, Bylaw Amendment (Jun 22, 2026)

CrowdStrike Holdings, Inc. (CRWD) filed an 8-K on June 22, 2026, primarily to disclose the filing of an Amended and Restated Certificate of Incorporation. This document, dated June 22, 2026, is Exhibit 3.1 to the filing. While the 8-K itself doesn't contain new financial performance data or strategic operational updates, the Certificate of Incorporation is a foundational corporate document that governs the company's internal affairs and structure, including its capital structure and the rights of its shareholders.

CrowdStrike Holdings, Inc. 8-K Report, Financial Results (Jun 3, 2026)

CrowdStrike Holdings, Inc. (CRWD) announced its financial results for the fiscal quarter ended April 30, 2026, on June 3, 2026, through a press release furnished as part of this 8-K filing. While the full details of the financial results are contained within the referenced press release (Exhibit 99.1), the filing also disclosed a significant corporate action: the approval of a four-for-one stock split. This stock split, structured as a stock dividend, will increase the number of outstanding Class A common shares by a factor of four. Shareholders of record as of June 25, 2026, will receive three additional shares for each share owned, with the split-adjusted trading expected to commence on July 2, 2026. This action is often seen as a move to make the stock more accessible to a broader range of investors, potentially increasing liquidity and market participation.

CrowdStrike Holdings, Inc. 8-K Report, Executive Changes (Apr 21, 2026)

CrowdStrike Holdings, Inc. (CRWD) has announced a significant performance-based equity award to its President, Michael Sentonas, as detailed in their April 21, 2026, 8-K filing. The award consists of up to 200,000 performance stock units (PSUs) with a target of 100,000, tied to the Company's total stockholder return (TSR) relative to the S&P 500 over a three-year period ending December 22, 2028. The payout ranges from 50% of target for achieving the 25th percentile of S&P 500 TSR to 200% for reaching the 90th percentile or above, with no payout below the 25th percentile. These PSUs are also subject to an additional one-year service-based vesting requirement. This award underscores the Board's strategy to align executive compensation directly with long-term stockholder value creation and to incentivize continued leadership through significant growth targets, including achieving $20 billion in ending annual recurring revenue (ARR). The performance metrics and vesting structure are designed to promote retention and ensure that Mr. Sentonas's compensation is directly linked to CrowdStrike's ability to outperform the market, especially in the dynamic cybersecurity landscape. The filing also provides details on how the award would be treated in the event of a change in control or termination of employment under various circumstances.

CrowdStrike Holdings, Inc. 8-K Report, Corporate Update (Apr 6, 2026)

CrowdStrike Holdings, Inc. (CRWD) announced on April 6, 2026, a significant expansion of its share repurchase program, increasing the total authorization to $1.5 billion. This move signals management's confidence in the company's intrinsic value and its commitment to returning capital to shareholders. The company has already utilized a portion of this program, having repurchased approximately $150.6 million worth of its Class A common stock. While the expanded program provides flexibility for future capital allocation, investors should note that it does not obligate the company to repurchase any specific number of shares and has no fixed expiration date. Repurchases will be opportunistic, driven by market conditions and stock prices, and are subject to legal requirements and management discretion. The company emphasizes that there can be no assurance that any further shares will be repurchased.

CrowdStrike Holdings, Inc. 8-K Report, Financial Results (Mar 3, 2026)

CrowdStrike Holdings, Inc. (CRWD) has filed an 8-K report on March 3, 2026, primarily to disclose its financial results for the fiscal quarter ended January 31, 2026. This filing includes a press release (Exhibit 99.1) which contains the detailed financial performance for the period. Investors should refer to this press release for specific revenue, profitability, and other key financial metrics. While the 8-K itself is procedural, the furnished press release is the critical component for understanding CrowdStrike's recent operational and financial condition. The company's proactive disclosure through this filing allows the market to assess its performance against expectations and provides insights into its ongoing growth trajectory and financial health within the cybersecurity sector. It's important to note that the information furnished under Item 2.02 and Item 9.01 is generally not considered "filed" for liability purposes under Section 18 of the Exchange Act unless expressly incorporated into other filings.

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