# CrowdStrike Holdings, Inc. (CRWD)

> Source: Nexqual · https://nexqual.com/CRWD · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, CrowdStrike Holdings, Inc. (CRWD), nexqual.com/CRWD" · informational, not investment advice.

**Price:** USD 237.94 (-0.58% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 239.34 · day 235.17–246.36 · 52w 85.68–286.99 · market cap $244B · NMS

## Key facts
- Last four reported quarters (through Jul 31, 2026): revenue $5.40B, net income $58.5M (1.1% margin), free cash flow $1.61B (SEC filings).
- Valuation: P/E 4167.6x (avg 987.3x at the last 1 fiscal year-ends).
- 1 of 80 tracked superinvestors hold CRWD (13F, Q2 2026): 1 new, 0 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 2.09 on a 1–5 scale) (53 analysts), mean target USD 246.65 (range 132–325).
- Total return with dividends: 1Y +82.3% vs S&P 500 +14.9%; 5Y +235.8% vs S&P 500 +80.3%.
- Next earnings: 2026-12-01, EPS estimate USD 0.31, revenue estimate $1.53B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.45B | $2.24B | $3.06B | $3.95B | $4.81B | $5.40B |
| Gross profit | $1.07B | $1.64B | $2.30B | $2.96B | $3.59B | — |
| Operating income | -$143M | -$190M | -$19.1M | -$116M | -$293M | -$119M |
| Net income | -$235M | -$183M | $72.2M | -$15.2M | -$163M | $58.5M |
| EPS (diluted) | -$0.26 | -$0.20 | $0.07 | -$0.01 | -$0.16 | — |
| Free cash flow | $463M | $706M | $990M | $1.13B | $1.31B | $1.61B |
| Gross margin | 73.6% | 73.2% | 75.2% | 75.0% | 74.7% | — |
| Operating margin | -9.8% | -8.5% | -0.6% | -2.9% | -6.1% | -2.2% |
| Net margin | -16.2% | -8.2% | 2.4% | -0.4% | -3.4% | 1.1% |
| Revenue growth | +66.0% | +54.4% | +36.3% | +29.4% | +21.7% | — |
| Cash + short-term investments | $2.00B | $2.71B | $3.47B | $4.32B | — | — |
| Total debt | $740M | $741M | $742M | $744M | $745M | — |
Fiscal years end Jan. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 31, 2026)
P/E 4167.6x · P/S 45.1x · P/FCF 151.4x · P/B 47.8x · FCF yield 0.66% · Earnings yield 0.02%
P/E at fiscal year-ends: Jan 2024 987.3x.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold CRWD. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $1.1M | New position |

## Analysts
Consensus Buy (mean 2.09 on a 1–5 scale), 53 analysts; mean target USD 246.65 (low 132, high 325).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Mizuho | Target raised | Outperform | $250 → $275 |
| 2026-10-16 | Keybanc | Target raised | Overweight | $245 → $265 |
| 2026-10-15 | Citigroup | Target raised | Buy | $260 → $295 |
| 2026-10-14 | Freedom Broker | Target raised | Buy | $260 → $320 |
| 2026-10-14 | BTIG | Target raised | Buy | $245 → $312 |
| 2026-10-13 | Wells Fargo | Target raised | Overweight | $235 → $300 |
| 2026-10-09 | Needham | Target raised | Buy | $250 → $310 |
| 2026-10-08 | BMO Capital | Target raised | Outperform | $235 → $295 |
| 2026-10-08 | Amerx | Initiated | Underweight | $212 |
| 2026-10-06 | StoneX | Target raised | Buy | $250 → $325 |
| 2026-10-02 | TD Cowen | Target raised | Buy | $250 → $280 |
| 2026-09-21 | Morgan Stanley | Target raised | Overweight | $238 → $254 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +82.3% | +235.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +82.7% | +27.3% |
| Volatility (annualized) | 54.9% | 51.4% |
| Max drawdown | -37.2% (Nov 2025→Feb 2026) | -66.7% (Nov 2021→Jan 2023) |

## Peers (Software - Infrastructure)
PANW (Palo Alto Networks, Inc.) USD 354.92 +2.21% · ORCL (Oracle Corporation) USD 125.54 -2.78% · FTNT (Fortinet, Inc.) USD 172.98 -0.61% · PLTR (Palantir Technologies Inc.) USD 196.19 -2.74% · NET (Cloudflare, Inc.) USD 303.61 -1.18% · SNPS (Synopsys, Inc.) USD 422.48 -6.36%

## More
Full page: https://nexqual.com/CRWD · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in CRWD's own 10-K filed 2026-03-05 (https://www.sec.gov/Archives/edgar/data/1535527/000153552726000010/crwd-20260131.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | AI | "We believe our approach has defined a new category called the AI Security Cloud, which has the power to transform the cybersecurity industry the same way the cloud has transformed the customer relationship management, hu…" |
| Customer | Amazon (AMZN) | "To further meet the compliance demands of the government, customers can elect to deploy the Falcon platform in the AWS GovCloud." |
| Customer | Intel (INTC) | "•Our Intel Graph, which analyzes and correlates data and threat intelligence to visualize the connections between adversaries and attacks to help customers prioritize investigations and gain a deep understanding of the t…" |
| Partner | Alphabet (Google) (GOOGL) | "We will continue to invest in customer acquisition programs, including our channel partnerships and new programs, like our free trial program of Falcon Go that is easily downloaded from our website, the AWS Marketplace, …" |
| Partner | Microsoft (MSFT) | "We will continue to invest in customer acquisition programs, including our channel partnerships and new programs, like our free trial program of Falcon Go that is easily downloaded from our website, the AWS Marketplace, …" |

Other companies that name CRWD in their own reports (relationship from CRWD's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| supplier | D-MARKET Electronic Services & Trading (HEPS) | 20-F 2026-04-30 | "Our systems were briefly affected by the CrowdStrike software update, during which time customers using our platform encountered issues while ordering items." |
| supplier | Flywire Corp (FLYW) | 10-K 2026-02-24 | "Additionally, in July 2024, a software update by CrowdStrike Holdings, Inc., a cybersecurity technology company, caused widespread crashes of Windows systems into which it was integrated, including ce…" |
| supplier | BLACKBAUD INC (BLKB) | 10-K 2026-02-18 | "For example, on July 19, 2024, CrowdStrike Holdings, Inc. ("CrowdStrike"), which provides cybersecurity services to millions of Microsoft Windows systems worldwide, including to certain Windows system…" |

## Revenue by product line (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Subscription | $1.40B | 95.2% | +27.0% |
| Professional services | $70.6M | 4.8% | +7.0% |
| Total revenue | $1.47B | 100% | — |

## Revenue by region (quarter ended 2026-07-31)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| United States | $954.5M | 64.9% | +21.6% |
| Europe, Middle East, and Africa | $263.7M | 17.9% | +40.0% |
| Asia Pacific | $157.9M | 10.7% | +34.3% |
| Other | $94.8M | 6.4% | +21.1% |
| Total revenue | $1.47B | 100% | — |

## Company outlook (8-K filed 2026-08-26)

- "CrowdStrike is providing the following guidance for the third quarter of fiscal 2027 (ending October 31, 2026) and increasing its guidance for fiscal year 2027 (ending January 31, 2027)."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-10-31) | $0.31 | $0.31 | +0.3% | $1.53B | 45 |
| Next quarter (ends 2027-01-31) | $0.36 | $0.35 | +1.1% | $1.62B | 45 |
| Current fiscal year (ends 2027-01-31) | $1.26 | $1.28 | -2.0% | $6.01B | 51 |
| Next fiscal year (ends 2028-01-31) | $1.61 | $1.63 | -1.0% | $7.38B | 53 |