Wednesday 28 October 2026
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CrowdStrike
CRWD Technology Software Infrastructure
CrowdStrike’s revenue for fiscal 2026 (year ended January 2026) was $4.8 billion, up 21.7% from fiscal 2025. In the quarter to July 2026, revenue grew 25.8%, EPS grew 106.7%, free cash flow grew 32.0% and total debt was flat, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for five consecutive years, operating cash flow growth for five.
268.10
6.27
+2.39%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Price, $ | |||||||||||||||||
| Price, $ | Low | — | — | 11.15 | 7.99 | 42.17 | 24.68 | 23.06 | 50.20 | 74.50 | 85.68 | +33.8% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| High | — | — | 25.47 | 56.84 | 74.62 | 60.50 | 65.45 | 99.58 | 141.73 | 286.99 | +41.3% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| People | |||||||||||||||||
| People | Employees | — | — | 1,455 | 2,309 | 3,394 | 4,965 | 7,273 | 7,925 | 10,118 | 10,698 | +33.0% | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | |
| Revenue/emp, $m | 0.00 | 0.00 | 0.17 | 0.21 | 0.26 | 0.29 | 0.31 | 0.39 | 0.39 | 0.45 | n/m | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ | ||
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 53 | 119 | 250 | 481 | 874 | 1,452 | 2,241 | 3,056 | 3,954 | 4,812 | +65.1% | 6,008 | 7,379 | 9,020 | +23.3% | |
| Gross margin, % | 35.53 | 54.12 | 65.08 | 70.58 | 73.75 | 73.60 | 73.17 | 75.16 | 74.96 | 74.67 | +39.1 pt | ||||||
| EBT | (91) | (135) | (139) | (140) | (88) | (160) | (160) | 106 | 59 | (127) | +3.7% | ||||||
| EBT margin, % | (173.01) | (113.31) | (55.52) | (29.04) | (10.05) | (11.02) | (7.13) | 3.46 | 1.48 | (2.64) | +170.4 pt | ||||||
| Net income | (91) | (135) | (140) | (142) | (93) | (232) | (182) | 73 | (13) | (161) | +6.5% | ||||||
| Depreciation | 3 | 20 | 43 | 58 | 107 | 183 | 265 | 382 | 535 | 731 | +84.0% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 0.26 | 0.71 | 1.39 | 0.81 | 1.00 | 1.60 | 2.40 | 3.20 | 4.04 | 4.80 | +38.0% | |||||
| Earnings | (0.54) | (0.84) | (0.78) | (0.24) | (0.11) | (0.26) | (0.20) | 0.08 | (0.06) | (0.16) | (12.5%) | ||||||
| Cash flow | (0.26) | (0.35) | (0.13) | 0.17 | 0.41 | 0.63 | 1.01 | 1.22 | 1.41 | 1.61 | n/m | ||||||
| Capex | 0.00 | (0.18) | (0.24) | (0.15) | (0.07) | (0.15) | (0.29) | (0.25) | (0.32) | (0.37) | n/m | ||||||
| Free cash flow | (0.26) | (0.53) | (0.37) | 0.02 | 0.34 | 0.49 | 0.72 | 0.97 | 1.09 | 1.24 | n/m | ||||||
| Book value | (0.15) | 0.00 | 0.39 | 1.25 | 1.00 | 1.14 | 1.60 | 2.45 | 3.39 | 4.46 | n/m | ||||||
| Shares, m | 199 | 168 | 179 | 592 | 871 | 909 | 933 | 955 | 979 | 1,002 | +19.7% | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 942.40 | 0.00 | 0.00 | 94.2 | |||||
| P/S | 9.17 | 9.17 | 9.17 | 18.79 | 53.54 | 28.27 | 11.02 | 22.85 | 24.64 | 22.85 | 20.9 | ||||||
| P/B | 0.00 | 0.00 | 0.00 | 12.18 | 53.70 | 39.54 | 16.60 | 29.87 | 29.36 | 24.59 | 20.6 | ||||||
| EV/Sales | 8.58 | 8.58 | 8.58 | 16.89 | 52.19 | 27.40 | 10.14 | 21.95 | 23.74 | 21.92 | 20.0 | ||||||
| EV/FCF | (39.28) | (39.28) | (39.28) | 1,573.75 | 157.98 | 92.11 | 33.70 | 72.32 | 88.94 | 85.84 | 198.7 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | (52) | (59) | (23) | 100 | 357 | 575 | 941 | 1,166 | 1,382 | 1,612 | n/m | |||||
| Capex | (13) | (30) | (43) | (87) | (64) | (134) | (266) | (237) | (314) | (371) | +45.6% | ||||||
| Free cash flow | (52) | (89) | (66) | 12 | 293 | 441 | 675 | 929 | 1,068 | 1,241 | n/m | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | (25) | (28) | 50 | 679 | 1,429 | 1,164 | 1,531 | 2,060 | 2,652 | 3,235 | n/m | |||||
| Total debt | 25 | 16 | — | — | 738 | 740 | 741 | 742 | 744 | 745 | +45.8% | ||||||
| Net debt | (8) | (50) | (192) | (912) | (1,181) | (1,257) | (1,964) | (2,732) | (3,579) | (4,485) | +102.0% | ||||||
| Shareholders’ equity | (29) | — | 70 | 743 | 872 | 1,038 | 1,487 | 2,337 | 3,319 | 4,473 | n/m | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | (70.13) | (310.64) | (53.44) | (15.43) | (4.48) | (7.39) | (4.24) | 1.24 | (0.20) | (1.64) | +68.5 pt | |||||
| ROIC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 pt | ||||||
| ROE | 35.41 | 46.19 | 32.70 | (111.28) | (11.47) | (24.59) | (14.51) | 3.77 | (0.54) | (4.17) | (39.6) pt | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026 · fundamentals updated 26 Oct 2026
CrowdStrike vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| PLTR Palantir Technologies Inc. | $477.6B | 158× | 127× | +92.83% (above 0%: growing) | +214.29% (above 0%: growing) | +126.03% (above 0%: growing) | 84.66% | 47.12% | Compare |
| ORCL Oracle Corporation | $394.7B | 20.1× | 19.0× | +29.61% (above 0%: growing) | +51.92% (above 0%: growing) | −1,390.61% (below 0%: shrinking) | 60.03% | 34.78% | Compare |
| PANW Palo Alto Networks, Inc. | $328.6B | 759× | 241× | +34.46% (above 0%: growing) | n/m | +34.26% (above 0%: growing) | 67.57% | 5.04% | Compare |
| CRWD CrowdStrike | $274.4B | 7,616× | 2,576× | +25.83% (above 0%: growing) | n/m | +32.03% (above 0%: growing) | 74.57% | (2.26%) | |
| FTNT Fortinet, Inc. | $135.7B | 64.8× | 58.6× | +25.64% (above 0%: growing) | +45.61% (above 0%: growing) | +239.88% (above 0%: growing) | 80.24% | 33.66% | Compare |
| NET Cloudflare, Inc. | $116.7B | — (loss-making) | — (loss-making) | +35.87% (above 0%: growing) | n/m | +69.42% (above 0%: growing) | 71.76% | (29.55%) | Compare |
| SNPS Synopsys, Inc. | $90.9B | 83.2× | 105× | +42.37% (above 0%: growing) | +88.74% (above 0%: growing) | +18.01% (above 0%: growing) | 72.57% | 14.43% | Compare |
| XYZ Block, Inc. | $45.0B | 129× | 45.1× | +9.30% (above 0%: growing) | −82.95% (below 0%: shrinking) | +181.80% (above 0%: growing) | 47.84% | 6.75% | Compare |
| NTAP NetApp, Inc. | $44.7B | 31.7× | 27.7× | +29.89% (above 0%: growing) | +64.66% (above 0%: growing) | −35.32% (below 0%: shrinking) | 70.07% | 23.90% | Compare |
| Median of peers | $126.2B | 83.2× | 58.6× | +32.18% | +58.29% | +51.84% | 70.92% | 19.17% |
Business profile
From the latest earnings call
- George Kurtz said AI-driven cybersecurity demand and Falcon Flex adoption supported Q2 net new ARR and the company’s higher FY2027 net-new-ARR outlook.
- Burt Podbere said a record Q3 pipeline and demand across the Falcon platform supported management’s confidence in the full-year opportunity.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
73.60%
Held by the ten largest
40.58%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 24.81m | 9.74% | +234.15k |
| BlackRock | 21.85m | 8.58% | +472.76k |
| State Street | 11.58m | 4.55% | +446.69k |
| Invesco | 8.39m | 3.30% | +735.44k |
| JPMorgan Chase | 8.17m | 3.21% | +4.59m |
| Fidelity (FMR) | 7.85m | 3.08% | +4.41m |
| Morgan Stanley | 6.49m | 2.55% | −63.41k |
| Geode Capital Management | 6.08m | 2.39% | +85.99k |
| T. Rowe Price | 4.31m | 1.69% | +156.39k |
| Jennison Associates | 3.76m | 1.48% | −68.82k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 5 May 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 247.58m | 330.35m | 204.54 |
| 2025 | 35.20m | 148.50m | 184.46 |
| 2024 | 46.98m | 343.69m | 135.54 |
| 2023 | 36.53m | (111.65m) | 49.07 |
| 2022 | 147.70m | 34.92m | 83.71 |
Ownership
Directors and executive officers, together
1.67%
Vanguard Capital Management
7.27%
BlackRock, Inc.
6.70%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
CrowdStrike (CRWD) Latest News
27 Oct
26 Oct
22 Oct
21 Oct
20 Oct
CRWD metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
CrowdStrike is a cybersecurity software company founded in 2011. Its headquarters are in Austin, and George Kurtz is President, Chief Executive Officer and Director.
The company sells subscriptions to the cloud-native Falcon platform, which is designed to help organizations detect, investigate, prevent and respond to cyber threats. A lightweight software sensor is installed on endpoints and cloud workloads. It collects security data from devices, workloads, identities and third-party sources; that data is used across security functions rather than collected separately for each product.