COMPANY FILINGS

CrowdStrike

CRWD

What does CrowdStrike do?

CrowdStrike provides cloud-delivered cybersecurity through its Falcon platform. Its software collects data from endpoints, cloud workloads, identities and other sources to support threat detection, investigation and response. The platform combines security functions with AI and workflow automation, allowing organizations to manage several security needs through a shared system. CrowdStrike generates most of its revenue from subscriptions to its offerings.

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Company overview · FY2026

Year ended Read the full 10-K on SEC EDGAR (opens in a new tab)

Selected passages from the company’s business description, with headings added for readability. See the original filing for the full context.

Business description: FY2026CIK 0001535527Source: SEC EDGAR
Annual reports
7
Report coverage
2020–2026
Financial statement focus
Balance sheet
READ THE FILING

Annual report insights

AI summary

AI-generated summaries of the cited 10-K filings. For informational purposes only; not personalized investment advice.

Choose a fiscal year

Fiscal 2026

Year ended Filed

Read FY2026 annual report (opens in a new tab)
  • Subscription revenue grew 21% in fiscal 2026 versus fiscal 2025. CrowdStrike attributes the increase primarily to new customers and additional sensor and module sales to existing customers.

    Source: 2026
  • CrowdStrike states that the July 19, 2024 incident has harmed its business and customer relationships and is expected to continue to do so. The company expects insurance will not cover all incident-related costs, claims and liabilities.

    Source: 2026
View full 10-K summary 2026Hide full 10-K summary 2026

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Subscription sales grew 21%

    Subscription revenue grew 21% in fiscal 2026 versus fiscal 2025. CrowdStrike attributes the increase primarily to new customers and additional sensor and module sales to existing customers.

    Source: 2026

Negative signals

  • Incident exposure continues

    CrowdStrike states that the July 19, 2024 incident has harmed its business and customer relationships and is expected to continue to do so. The company expects insurance will not cover all incident-related costs, claims and liabilities.

    Source: 2026
  • Job cuts incurred costs

    CrowdStrike’s strategic plan reduced approximately 500 roles, or 5% of its global workforce, and generated $44.8 million in fiscal 2026 charges.

    Source: 2026

Business context

  • Net loss; operating cash inflow

    Fiscal 2026 operating cash inflow was $1.6 billion, despite a $161.2 million consolidated net loss. The cash-flow reconciliation included $1.8 billion of non-cash charges.

    Source: 2026
  • Stock compensation timing corrected

    CrowdStrike revised prior-period financial statements to correct stock-based compensation expense timing. The company judged the error immaterial to those periods; the correction did not change operating, investing or financing cash flows.

    Source: 2026

Business in fiscal 2026

CrowdStrike sells cloud-delivered cybersecurity subscriptions covering endpoints, cloud workloads, identities and data.

Source: 2026

5-year changes

FY2022–FY2026

AI comparison of the five fiscal years ending in this report year. Later filings are excluded.

  • Subscription growth slowed

    Annual subscription revenue growth slowed from 69% in fiscal 2022 to 55% in 2023, 36% in 2024, 31% in 2025 and 21% in 2026. The company continued to report growth, but at a lower rate in each successive year. These figures alone do not establish why growth slowed.

    Source: 2022, 2023, 2024, 2025, 2026
  • Product metrics differ

    Falcon remained a subscription-based platform across the period. The fiscal 2023 filing listed 23 cloud modules, while the fiscal 2026 description covered endpoints, cloud workloads, identities and data and reported that subscriptions made up 95% of revenue. A module count and a revenue share measure different things and cannot establish a trend in product breadth.

    Source: 2022, 2023, 2026
  • Incident risks persisted

    The fiscal 2024 filing warned about actual or perceived Falcon defects and vulnerabilities. The fiscal 2025 and 2026 filings also addressed the consequences of the July 2024 update incident, including legal and financial exposure and damage to customer relationships. Both later filings said insurance was not expected to cover all related costs, claims and liabilities. The earlier product risks were not thereby eliminated, and these disclosures do not quantify the incident’s effect on revenue growth.

    Source: 2024, 2025, 2026
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This request covers the entire CRWD FY2026 summary, including the 5-year comparison.

We keep your message and the summary version as a record of our review and any correction. Personal information included in a message is removed during review. Please do not include personal details, passwords or private URLs. Your message is not published. Requests are stored privately with our database provider. Hosting and security providers may process technical data such as IP addresses. Removal applies to the application record; provider backups and security logs follow their retention rules.

Fiscal 2025

Year ended Filed

Read FY2025 annual report (opens in a new tab)
  • Total revenue rose 29% in fiscal 2025 versus fiscal 2024. CrowdStrike attributed subscription revenue growth primarily to new customers and sales of additional sensors and modules to existing customers.

    Source: 2025
  • The filing identifies continuing legal and financial risks from the July 19, 2024 Falcon update incident. CrowdStrike expects insurance will not cover all related costs, claims and liabilities.

    Source: 2025
View full 10-K summary 2025Hide full 10-K summary 2025

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Revenue grew 29%

    Total revenue rose 29% in fiscal 2025 versus fiscal 2024. CrowdStrike attributed subscription revenue growth primarily to new customers and sales of additional sensors and modules to existing customers.

    Source: 2025

Negative signals

  • Insurance may fall short

    The filing identifies continuing legal and financial risks from the July 19, 2024 Falcon update incident. CrowdStrike expects insurance will not cover all related costs, claims and liabilities.

    Source: 2025

Business context

  • Net loss; operating cash inflow

    Fiscal 2025 generated $1.4 billion in operating cash flow despite a $16.6 million consolidated net loss. Noncash adjustments included $865.4 million of stock-based compensation expense.

    Source: 2025
  • Cash spent on acquisitions

    CrowdStrike spent $310.3 million, net of acquired cash, on the Flow Security and Adaptive Shield acquisitions in fiscal 2025.

    Source: 2025
  • Extensions lengthen revenue recognition

    Customer packages introduced after the July 19, 2024 incident included discounts and subscription extensions. These extensions spread subscription revenue recognition over a longer period.

    Source: 2025

Business in fiscal 2025

CrowdStrike sells cloud-based cybersecurity through its Falcon subscription platform, protecting endpoints, cloud workloads, identities and data.

Source: 2025
Request a correction

This request covers the entire CRWD FY2025 summary.

We keep your message and the summary version as a record of our review and any correction. Personal information included in a message is removed during review. Please do not include personal details, passwords or private URLs. Your message is not published. Requests are stored privately with our database provider. Hosting and security providers may process technical data such as IP addresses. Removal applies to the application record; provider backups and security logs follow their retention rules.

Fiscal 2024

Year ended Filed

Read FY2024 annual report (opens in a new tab)
  • Subscription revenue rose 36% in fiscal 2024 versus fiscal 2023. The company attributes the increase primarily to new customers and sales of additional sensors and modules to existing customers.

    Source: 2024
  • The filing warns that actual or perceived defects or vulnerabilities in Falcon could damage CrowdStrike’s reputation and financial results.

    Source: 2024
View full 10-K summary 2024Hide full 10-K summary 2024

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Subscription sales grew 36%

    Subscription revenue rose 36% in fiscal 2024 versus fiscal 2023. The company attributes the increase primarily to new customers and sales of additional sensors and modules to existing customers.

    Source: 2024

Negative signals

  • Falcon flaws risk reputation

    The filing warns that actual or perceived defects or vulnerabilities in Falcon could damage CrowdStrike’s reputation and financial results.

    Source: 2024

Business context

  • Net profit; operating loss

    Net income attributable to CrowdStrike was $89.3 million in fiscal 2024, compared with a $183.2 million net loss in fiscal 2023. The company still recorded an operating loss in fiscal 2024.

    Source: 2024
  • Operations generated cash

    Operating cash flow was $1.2 billion in fiscal 2024. The reconciliation from net income included $631.5 million of non-cash stock-based compensation expense.

    Source: 2024
  • Bionic acquired

    CrowdStrike acquired Bionic on September 28, 2023, adding an application security posture management platform designed to reduce security, data privacy and operational risks.

    Source: 2024

Business in fiscal 2024

CrowdStrike sells subscriptions to its Falcon cybersecurity platform, providing cloud-delivered protection for endpoints, cloud workloads, identities and data.

Source: 2024
Request a correction

This request covers the entire CRWD FY2024 summary.

We keep your message and the summary version as a record of our review and any correction. Personal information included in a message is removed during review. Please do not include personal details, passwords or private URLs. Your message is not published. Requests are stored privately with our database provider. Hosting and security providers may process technical data such as IP addresses. Removal applies to the application record; provider backups and security logs follow their retention rules.

Fiscal 2023

Year ended Filed

Read FY2023 annual report (opens in a new tab)
  • Subscription revenue rose 55% in fiscal 2023 versus fiscal 2022. The company attributed the increase primarily to new customers and sales of additional endpoints and modules to existing customers.

    Source: 2023
  • The filing warns that actual or perceived defects in Falcon, or failures to detect or prevent security incidents, could damage CrowdStrike’s reputation and business.

    Source: 2023
View full 10-K summary 2023Hide full 10-K summary 2023

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Subscription sales grew 55%

    Subscription revenue rose 55% in fiscal 2023 versus fiscal 2022. The company attributed the increase primarily to new customers and sales of additional endpoints and modules to existing customers.

    Source: 2023

Negative signals

  • Falcon failures risk business

    The filing warns that actual or perceived defects in Falcon, or failures to detect or prevent security incidents, could damage CrowdStrike’s reputation and business.

    Source: 2023

Business context

  • Net loss; operating cash inflow

    In fiscal 2023, CrowdStrike generated $941.0 million of operating cash flow while reporting a consolidated net loss of $182.3 million. The cash-flow reconciliation included $526.5 million of non-cash stock-based compensation.

    Source: 2023
  • Reposify acquired

    On October 3, 2022, CrowdStrike acquired Reposify, whose external attack surface management platform scans the internet for an organization’s exposed assets.

    Source: 2023
  • Customer-count reporting to end

    CrowdStrike said it would stop reporting subscription customer counts as a key metric beginning in fiscal 2024’s first quarter, stating that the metric no longer provided valuable insight into business performance.

    Source: 2023

Business in fiscal 2023

CrowdStrike sells cloud-based cybersecurity through its Falcon platform, offering 23 cloud modules on a software-as-a-service subscription model.

Source: 2023
Request a correction

This request covers the entire CRWD FY2023 summary.

We keep your message and the summary version as a record of our review and any correction. Personal information included in a message is removed during review. Please do not include personal details, passwords or private URLs. Your message is not published. Requests are stored privately with our database provider. Hosting and security providers may process technical data such as IP addresses. Removal applies to the application record; provider backups and security logs follow their retention rules.

Fiscal 2022

Year ended Filed

Read FY2022 annual report (opens in a new tab)
  • Subscription revenue increased 69% in fiscal 2022 compared with fiscal 2021. The company attributed the increase primarily to adding new subscription customers.

    Source: 2022
  • The filing identifies a risk that actual or perceived failures to detect or prevent security incidents could damage CrowdStrike’s reputation and business results.

    Source: 2022
View full 10-K summary 2022Hide full 10-K summary 2022

Signals describe observations in the selected filing, not forecasts or investment ratings. Risk disclosures do not establish that a loss occurred.

Positive signals

  • Subscription sales rose

    Subscription revenue increased 69% in fiscal 2022 compared with fiscal 2021. The company attributed the increase primarily to adding new subscription customers.

    Source: 2022

Negative signals

  • Security failures risk reputation

    The filing identifies a risk that actual or perceived failures to detect or prevent security incidents could damage CrowdStrike’s reputation and business results.

    Source: 2022

Business context

  • Net loss; operating inflow

    For fiscal 2022, CrowdStrike reported a consolidated net loss of $232.4 million alongside $574.8 million of net cash provided by operating activities.

    Source: 2022
  • Humio and SecureCircle acquired

    During fiscal 2022, CrowdStrike acquired Humio, a cloud log management and observability provider, and SecureCircle, a service extending Zero Trust security to endpoint data.

    Source: 2022
  • IP transfer raised tax

    In fiscal 2022, an intercompany transfer of Humio intellectual property generated an additional $57.2 million of income tax expense in a foreign jurisdiction.

    Source: 2022

Business in fiscal 2022

CrowdStrike provides cloud-delivered cybersecurity for endpoints and cloud workloads through subscriptions to its Falcon platform.

Source: 2022
Request a correction

This request covers the entire CRWD FY2022 summary.

We keep your message and the summary version as a record of our review and any correction. Personal information included in a message is removed during review. Please do not include personal details, passwords or private URLs. Your message is not published. Requests are stored privately with our database provider. Hosting and security providers may process technical data such as IP addresses. Removal applies to the application record; provider backups and security logs follow their retention rules.

FINANCIAL STATEMENTS

Balance sheet

A snapshot of what CrowdStrike owns and owes at a point in time.

Amounts in USD millions

Amount unit

Scroll the table to compare dates.

Balance sheet dates and selected original reported line items.
Reported line item ↗ ↗ ↗ ↗ ↗
Total current assets7,419.1196,113.3454,757.3073,640.2672,570.952
Total assets11,086.6848,701.5786,646.525,026.543,618.381
Total current liabilities4,184.1923,461.052,697.2792,109.0721,406.83
Total liabilities6,614.0795,382.6614,309.4313,539.1062,580.738

Source: 10-K · 2026-01-31 · SEC EDGAR ↗
Selected reported line items. Row names use each item's latest report shown; earlier names may differ. Each date links to its original annual report. Values use the amount unit selected above. Parentheses indicate negative amounts.

SOURCE LIBRARY

Annual reports & SEC 10-K filings

SEC EDGAR

7 reports in this collection

Original SEC annual reports, with report period and filing date
Report periodFiled with SECFormSource
Jan 31, 20260001535527-26-000010Mar 5, 202610-KOpen 10-Ksec.govRead FY2026 summary
Jan 31, 20250001535527-25-000009Mar 10, 202510-KOpen 10-Ksec.govRead FY2025 summary
Jan 31, 20240001535527-24-000007Mar 7, 202410-KOpen 10-Ksec.govRead FY2024 summary
Jan 31, 20230001535527-23-000008Mar 9, 202310-KOpen 10-Ksec.govRead FY2023 summary
Jan 31, 20220001535527-22-000006Mar 16, 202210-KOpen 10-Ksec.govRead FY2022 summary
Jan 31, 20210001535527-21-000007Mar 18, 202110-KOpen 10-Ksec.gov
Jan 31, 20200001535527-20-000006Mar 23, 202010-KOpen 10-Ksec.gov

Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.