Company file · CRWD
CrowdStrike
CrowdStrike's revenue rose 21.7% in FY2026, to $4.8B, and it posted a net loss of $163M (FY2025: net loss of $15M)
Revenue rose 21.7% to $4.8B in FY2026, from $4.0B in FY2025. It posted a net loss of $163M. Subscription was the largest product or service, at 95% of revenue.
Key facts
In fiscal 2026, which ended Jan 31, 2026, CrowdStrike (Nasdaq: CRWD) took in $4.8B of revenue (up 21.7% on fiscal 2025); net income was −$163M (compared with −$15M). The most recent quarter, ended Jul 31, 2026, brought revenue of $1.5B, up 25.8% year over year, with net income of $5M. Subscription was the biggest single line by product or service: 95% of fiscal 2026 revenue. Sources: 10-K for fiscal 2026 (filed Mar 5, 2026) and 10-Q for the quarter ended Jul 31, 2026 (filed Aug 27, 2026).
Source: 10-K FY2026, filed Mar 5, 2026
How it makes money
By product or service, FY2026
Source: 10-K FY2026, XBRL breakdown
By product or service in FY2026: Subscription (95%) and Professional Services (5%), as shares of total revenue. Total revenue was $4.8B.
Source: 10-K FY2026
By region, FY2026
Share is of the FY2026 total; the last column is the change from FY2025.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q2 FY2027 (May to Jul 2026) compared with Q2 FY2026 (May to Jul 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 FY2027Q2 FY2026
Company
A hatched bar is a loss, drawn by its size. The % change isn't shown when either quarter is a loss.
Source: CrowdStrike 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026
By product or service
Source: CrowdStrike 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026
The bull case and the bear case
The bull case
- Revenue rose 21.7% in FY2026 to $4.8B, from $4.0B a year earlier. 10-K, FY2026
- Operating cash flow rose 16.7% in FY2026 to $1.6B. 10-K, FY2026
- Revenue in the quarter ended Jul 31, 2026 was $1.5B, up 25.8% on a year earlier. 10-Q, quarter ended Jul 31, 2026
- Professional Services revenue grew 28.7% in FY2026 to $247M. 10-K, FY2026
The bear case
- It reported a net loss of $163M in FY2026. 10-K, FY2026
- Diluted shares rose 2.4% in FY2026, which spreads profit across more shares. 10-K, FY2026
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition and AI; renewals; security incidents. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
CrowdStrike is in the systems software industry, part of the information technology sector. The SEC files it under Services-Prepackaged Software.
The full description of CrowdStrike's business is in Item 1 of its 10-K, linked below. This page shows its revenue by product or service and region.
Its fiscal year ends in January; the latest, FY2026, ended Jan 31, 2026.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the systems software industry. They are not a summary of CrowdStrike’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- Competition and AIRivals, open-source products and shifts such as AI can change which products customers choose.
- RenewalsSubscription revenue depends on customers renewing and expanding.
- Security incidentsA breach or outage can harm customers and its reputation.
- Sales executionGrowth depends on adding customers and selling more to existing ones.
- PricingCustomers may negotiate lower prices or switch to cheaper products.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2024 | FY2025 | FY2026 |
|---|---|---|---|
| Revenue | $3.1B | $4.0B | $4.8B |
| Net income | $72M | −$15M | −$163M |
| Operating cash flow | $1.2B | $1.4B | $1.6B |
| Cash & equivalents (year end) | $3.4B | $4.3B | $5.2B |
| Total debt (year end) | $742M | $744M | $745M |
| Diluted shares | 244M | 245M | 251M |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: Long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator
About these numbers
- CrowdStrike names its fiscal year by the calendar year in which it ends, so FY2026 is the year that ended Jan 31, 2026.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Aug 27, 2026 | Jul 31, 2026 |
| 10-Q | Jun 4, 2026 | Apr 30, 2026 |
| DEF 14A | May 5, 2026 | Jun 17, 2026 |
| 10-K | Mar 5, 2026 | Jan 31, 2026 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about CrowdStrike
How does CrowdStrike make money?
In fiscal 2026, revenue totaled $4.8B. By product or service in FY2026: Subscription (95%) and Professional Services (5%), as shares of total revenue. Total revenue was $4.8B. Source: 10-K for fiscal 2026, filed Mar 5, 2026.
What was CrowdStrike's revenue in fiscal 2026?
Revenue came to $4.8B in the year ended Jan 31, 2026. Going back two years, it was $3.1B in fiscal 2024 and $4.0B in fiscal 2025, so the latest year was up 21.7%. Source: 10-K for fiscal 2026, filed Mar 5, 2026.
Is CrowdStrike profitable?
Not in fiscal 2026: under US accounting rules (GAAP) it posted net income of −$163M, compared with −$15M from −$15M a year earlier. For the quarter ended Jul 31, 2026, net income was $5M. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2026, filed Mar 5, 2026.
What did CrowdStrike report in its latest quarterly filing?
The 10-Q for the quarter ended Jul 31, 2026 shows revenue of $1.5B, against $1.2B in the same quarter a year before (up 25.8%), and net income of $5M, against −$70M (compared with −$70M). Source: 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026.
How much cash and debt does CrowdStrike have?
On Jul 31, 2026, cash and cash equivalents stood at $5.0B and total debt at $746M. Total debt here is long-term debt, at carrying value. Source: 10-Q filed Aug 27, 2026.
What are the main risks CrowdStrike faces?
CrowdStrike's own risk factors are in Item 1A of its 10-K for fiscal 2026, filed Mar 5, 2026. Risks that are common among companies in the systems software industry include Competition and AI; renewals; security incidents; sales execution; pricing. The first: Rivals, open-source products and shifts such as AI can change which products customers choose. Source: 10-K, Item 1A Risk Factors.
Where do these CrowdStrike numbers come from?
Two filings CrowdStrike made with the SEC: its fiscal 2026 10-K, filed Mar 5, 2026, and its 10-Q for the quarter ended Jul 31, 2026, filed Aug 27, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.
Disclosures
- Editor holdings in CRWD
- The editor holds no position in CrowdStrike (CRWD). As of Oct 25, 2026.
- Trading rule
- The editor does not buy or sell CRWD from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Oct 27, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold CRWD, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| CrowdStrikeCRWD | FY2026 | $4.8B | +21.7% | −$163M |
| MicrosoftMSFT | FY2026 | $331.8B | +17.8% | $133.7B |
| Palo Alto NetworksPANW | FY2026 | $11.5B | +24.5% | $307M |
| ServiceNowNOW | FY2025 | $13.3B | +20.9% | $1.7B |
| FortinetFTNT | FY2025 | $6.8B | +14.2% | $1.9B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.