Crowdstrike (CRWD) financial statements
Crowdstrike reported revenue of $4.8B in fiscal 2026, up 58.8% a year over 8 years.
Net income was -$163M and the operating margin -6.1%, against -110.7% in 2018.
Free cash flow was $1.2B.
The diluted share count rose 50% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Crowdstrike's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $119M | $250M | $481M | $874M | $1.5B | $2.2B | $3.1B | $4.0B | $4.8B |
| Cost of revenue | $54M | $87M | $142M | $230M | $383M | $601M | $759M | $990M | $1.2B |
| Gross profit | $64M | $163M | $340M | $645M | $1.1B | $1.6B | $2.3B | $3.0B | $3.6B |
| Research and development | $59M | $85M | $130M | $215M | $371M | $608M | $780M | $1.1B | $1.4B |
| Selling, general and admin | $137M | $215M | $356M | $523M | $840M | $1.2B | $1.5B | $2.0B | $2.5B |
| Operating income | -$131M | -$137M | -$146M | -$93M | -$143M | -$190M | -$19M | -$116M | -$293M |
| Interest expense | $2M | $428,000 | $442,000 | $2M | $25M | $25M | $26M | $26M | $28M |
| Pre-tax income | -$135M | -$139M | -$140M | -$88M | -$160M | -$160M | $106M | $59M | -$127M |
| Income tax | $929,000 | $1M | $2M | $5M | $72M | $22M | $32M | $71M | $34M |
| Net income | -$135M | -$140M | -$142M | -$93M | -$235M | -$183M | $72M | -$15M | -$163M |
| EPS (diluted) | -$0.84 | -$0.78 | -$0.24 | -$0.11 | -$0.26 | -$0.20 | $0.30 | -$0.06 | -$0.65 |
| Diluted shares | 168M | 179M | 592M | 871M | 909M | 933M | 244M | 245M | 251M |
| Gross margin | 54.1% | 65.1% | 70.6% | 73.7% | 73.6% | 73.2% | 75.2% | 75.0% | 74.7% |
| Operating margin | -110.7% | -54.8% | -30.3% | -10.6% | -9.8% | -8.5% | -0.6% | -2.9% | -6.1% |
| Net margin | -114.1% | -56.1% | -29.5% | -10.6% | -16.2% | -8.2% | 2.4% | -0.4% | -3.4% |
Balance sheet
Fiscal years, from Crowdstrike's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $63M | $192M | $912M | $1.9B | $2.0B | $2.7B | $3.5B | $4.3B | $5.2B |
| Receivables | — | $92M | $165M | $239M | $368M | $626M | $853M | $1.1B | $1.4B |
| Total current assets | — | $331M | $1.2B | $2.3B | $2.6B | $3.6B | $4.8B | $6.1B | $7.4B |
| Property, plant and equipment | — | $74M | $136M | $167M | $261M | $492M | $620M | $789M | $976M |
| Goodwill | — | $8M | $8M | $84M | $416M | $431M | $638M | $913M | $1.4B |
| Total assets | — | $433M | $1.4B | $2.7B | $3.6B | $5.0B | $6.6B | $8.7B | $11.1B |
| Total current liabilities | — | $281M | $493M | $864M | $1.4B | $2.1B | $2.7B | $3.5B | $4.2B |
| Long-term debt | — | — | $0 | $738M | $740M | $741M | $742M | $744M | $745M |
| Total liabilities | — | $363M | $662M | $1.9B | $2.6B | $3.5B | $4.3B | $5.4B | $6.6B |
| Shareholders' equity | -$369M | -$488M | $742M | $871M | $1.0B | $1.5B | $2.3B | $3.3B | $4.4B |
| Net debt | -$63M | -$88M | -$265M | -$1.2B | -$1.3B | -$1.7B | -$2.6B | -$3.6B | -$4.5B |
Cash flow
Fiscal years, from Crowdstrike's 10-K filings with the SEC.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$59M | -$23M | $100M | $357M | $575M | $941M | $1.2B | $1.4B | $1.6B |
| Capital spending | $29M | $43M | $87M | $64M | $133M | $264M | $226M | $314M | $371M |
| Free cash flow | -$88M | -$66M | $12M | $293M | $442M | $677M | $940M | $1.1B | $1.2B |
| Stock-based compensation | $12M | $21M | $80M | $150M | $310M | $527M | $649M | $861M | $1.1B |
| Share buybacks (net) | $0 | -$2M | $0 | $0 | — | — | — | — | — |
| Net borrowing | -$19M | -$6M | $0 | $0 | — | — | — | — | — |
| Free cash flow margin | -74.3% | -26.3% | 2.6% | 33.5% | 30.4% | 30.2% | 30.8% | 27.0% | 25.8% |
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Open CRWD in InvestinglyQuestions
What was Crowdstrike's revenue in 2026?
$4.8B in fiscal 2026, from its 10-K filing.
How much free cash flow does Crowdstrike generate?
$1.2B in fiscal 2026 (operating cash flow minus capital spending).
From Crowdstrike's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.