CrowdStrike Holdings, Inc.CRWD
NasdaqGS•Technology•Software - Infrastructure
CrowdStrike Holdings, Inc. provides cybersecurity solutions in the United States and internationally. Its unified platform provides cloud-delivered protection of endpoints, cloud workloads, identity, and data through a software as a service (SaaS) subscription-based model. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, threat intelligence, data protection, SaaS security posture management, and AI powered workflow automation, and securing generative AI workload services, as well as security orchestration, automation, and response; and security information and event management, and log management services. It primarily sells subscriptions to its Falcon platform and cloud modules. The company was incorporated in 2011 and is headquartered in Austin, Texas.
CrowdStrike Holdings, Inc. (CRWD) reported trailing twelve months revenue of $5.09B as of April 2026, a 5.7% increase year-over-year. Quarterly revenue reached $1.39B, reflecting continued top-line momentum.
CrowdStrike Holdings, Inc. reported a TTM net loss of $24.52M, with quarterly EBITDA of $-30.60M. The operating margin expanded from -11.3% to -2.2%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (-2.2%) and net margin (2.0%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -10.0% a year ago, signaling stronger bottom-line efficiency.
CRWD trades at a P/S of 22.5x. The price-to-book ratio of 24.8x indicates a significant premium over book value.
The company generated $493.31M in free cash flow over the trailing twelve months, a 65.3% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $11.27B in total assets with $745.84M in long-term debt against $4.63B in stockholders equity for a debt-to-equity ratio of 0.2, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging -4.6%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~23.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -1.0x) — earnings may be inflated by non-cash items or aggressive accounting.
D/E ratio is 0.2 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding rose 3.9% — mild dilution. Compare to earnings growth to assess net per-share impact.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation